AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast
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AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast

AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast
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AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast

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written by Inkhabar webdesk

(Reuters) -AbbVie expects third-quarter earnings to include a $2.7 billion charge related to in-process research and development (IPR&D) expenses, the drugmaker said in a regulatory filing on Friday. It also forecast third-quarter adjusted earnings per share in the range of $1.74 to $1.78, including the impact of the IPR&D expense. AbbVie said such expenses may arise from collaborations, licensing deals or asset acquisitions, but are not forecast in advance due to uncertainty around timing and occurrence. Including the third-quarter charge, AbbVie now expects full-year adjusted EPS to range between $10.38 and $10.58 compared with the prior range of $11.88 to $12.08. (Reporting by Siddhi Mahatole in Bengaluru; Editing by Sahal Muhammed)

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AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast
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Exclusive-Batista brothers' J&F in talks for EDF plant as Brazil power M&A surges

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By Luciana Magalhaes and Leticia Fucuchima SAO PAULO (Reuters) -J&F Investimentos SA, the holding company owned by Brazil's billionaire Batista brothers, is in talks to acquire French utility EDF's Rio de Janeiro thermal plant, according to two people familiar with the matter. The deal, which could fetch up to 2 billion reais ($374 million) according to one of the sources, has drawn interest from other bidders, they added. One of the sources noted that the asset sale, coordinated by Bank of America, is still in its early stages and J&F has not yet made a binding offer. The negotiations are part of a wave of dealmaking in Brazil's power sector this year, which could soon include big deals from players including Canada's Brookfield and France's Engie, people familiar with the matter said. Asked about talks to sell its Norte Fluminense plant, EDF said it is weighing IPOs of its North American and Brazilian subsidiaries as part of a 10-year global plan to boost the growth of its portfolio and long-term investment capacity. J&F and Bank of America declined to comment. FRENCH UTILITY REFOCUSES ON DOMESTIC NUCLEAR As part of a strategic overhaul, EDF is weighing options for its Brazilian assets while reducing its overseas presence and divesting non-core assets to refocus on domestic nuclear projects. The natural gas-fired plant is operating without long-term contracts from buyers, making it attractive to J&F, which often seeks underperforming assets for turnaround, a source said. J&F's power company Ambar Energia has other plants without long-term contracts in its portfolio. J&F, which also owns meatpacker JBS, has expanded its reach in the energy sector through its subsidiary Ambar Energia. The holding company separately made an offer this week to buy Roraima Energia, a power distribution company in the northern Brazilian state owned by the Oliveira Energia group. Last year, J&F signed a preliminary agreement with Oliveira Energia to take control of the power distribution company in Amazonas, but the deal has yet to be finalized. (Reporting by Luciana Magalhaes and Leticia FucuchimaEditing by Brad Haynes and Lisa Shumaker)

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AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast
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Drone sightings delay Saturday flight operations at Munich Airport

by Inkhabar webdesk
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Oct 4 (Reuters) – Munich Airport delayed the start of Saturday's flight operations following multiple drone sightings near its airspace, the airport operator said in a notice posted on its website. (Reporting by Mrinmay Dey in Bengaluru; Editing by Jacqueline Wong)

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AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast
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Key Democrat blasts 'abrupt' end of popular US tariff exemption for package shipments

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By David Lawder and Lisa Baertlein WASHINGTON (Reuters) -The top Democrat on the U.S. Senate Finance Committee accused the Trump administration of having inadequate customs procedures in place as it ended the "de minimis" U.S. tariff exemption for packages valued below $800, leading to severe disruptions in mail shipments to U.S. shoppers and small businesses. Senator Ron Wyden in a letter to Commerce Secretary Howard Lutnick seen by Reuters requested answers on how the department concluded that adequate systems were in place to collect duties on low-value packages as the exemption ended on August 29. Wyden, one of the Democratic Party's most influential voices on tax and trade matters in Congress, sought to put a negative spin on the administration's claim that it closed a dangerous trade loophole. The de minimis exemption allowed nearly 1.4 billion packages to enter the U.S. duty free in 2024 and fueled a boom in direct-to-consumer e-commerce shipments from Chinese e-commerce firms Shein and Temu . Wyden said the change was "hasty," leading to "mass disruptions in international shipments, confusion and increased costs for American consumers and small businesses." He cited data from the U.N.'s Universal Postal Union (UPU) showing that on August 29, the day the de minimis exemption ended, total postal shipments to the U.S. had fallen 81%. "I have serious concerns about your judgment and seek additional information regarding your role in the decision to abruptly end de minimis without proper systems in place to handle the change," Wyden wrote in the letter to Lutnick. The U.S. Customs and Border Protection agency, which is charged with collecting import duties, did not immediately respond to a request for comment, nor did the Commerce Department. A spokesperson for the UPU said the agency would be updating its U.S. shipment figures, which do not include commercial express shipments such as those from FedEx or United Parcel Service, in coming weeks. The U.S. Postal Service declined to comment on incoming shipment volumes for foreign postal packages. Shippers of illicit drugs and fentanyl precursor chemicals also have exploited de minimis due to limited inspections for many packages claiming the exemption. (Reporting by David Lawder and Lisa Baertlein; editing by Diane Craft)

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AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast
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UPDATE 4-WTA 125K Series, Suzhou WTA 125 Women's Singles Final Rounds and Seeds Progress

by Inkhabar webdesk
written by Inkhabar webdesk

Oct 4 (OPTA) – Final Rounds and Seeds Progress from the WTA 125K Series, Suzhou WTA 125 Women's Singles matches on Friday .. Final Rounds .. Seed Round Rslt Opponent Score 2 Tatjana Maria (DEU) qtr won 5-Yulia Putintseva (KAZ) (Walkover) final s 1/16 won Leolia Jeanjean (FRA) 6-2 6-4 final 1/32 won WC-Saisai Zheng (CHN) 6-3 6-2 final 5 Yulia Putintseva (KAZ) qtr lost 2-Tatjana Maria (DEU) (Walkover) final s 1/16 won Dalma Galfi (HUN) 3-6 6-3 7-5 final 1/32 won Diane Parry (FRA) 6-1 6-7(4) 6-1 final 6 Viktorija Golubic (CHE) qtr won 4-Alexandra Eala (PHI) 2-6 6-2 7-6(0) final s 1/16 won Q-Linda Fruhvirtova (CZE) 6-2 6-0 final 1/32 won Rebeka Masarova (CHE) 6-2 6-3 final 4 Alexandra Eala (PHI) qtr lost 6-Viktorija Golubic (CHE) 2-6 6-2 7-6(0) final s 1/16 won Greet Minnen (BEL) 7-6(5) 6-7(3) 7-5 final 1/32 won Katarzyna Kawa (POL) 6-3 3-6 7-5 final LL Victoria Jimenez Kasintseva (AND) qtr won LL-Kyoka Okamura (JPN) 6-3 6-1 final s 1/16 won SE-Lulu Sun (NZL) 2-6 6-4 6-2 final 1/32 won Talia Gibson (AUS) 7-6(2) 7-5 final quali lost Q-Varvara Lepchenko (USA) 7-6(3) 6-3 fying final quali won Mai Hontama (JPN) 6-3 6-2 fying 1st LL Kyoka Okamura (JPN) qtr lost LL-Victoria Jimenez 6-3 6-1 final Kasintseva (AND) s 1/16 won Q-Varvara Lepchenko (USA) 6-1 7-6(2) final 1/32 won Kimberly Birrell (AUS) 6-2 6-4 final quali lost Q-Janice Tjen (IDN) 7-6(3) 6-2 fying final quali won LL-Maddison Inglis (AUS) 6-4 6-4 fying 1st – Katie Volynets (USA) qtr won Q-Caroline Dolehide (USA) 3-6 6-2 7-5 final s 1/16 won 3-Suzan Lamens (NLD) 7-5 6-1 final 1/32 won WC-Chenting Zhu (CHN) 6-0 6-3 final Q Caroline Dolehide (USA) qtr lost Katie Volynets (USA) 3-6 6-2 7-5 final s 1/16 won LL-Joanna Garland (TPE) 6-4 6-4 final 1/32 won Moyuka Uchijima (JPN) 4-6 6-4 7-6(5) final quali won LL-Arianne Hartono (NLD) 6-3 6-2 fying final quali won Destanee Aiava (AUS) 6-3 6-3 fying 1st – Leolia Jeanjean (FRA) 1/16 lost 2-Tatjana Maria (DEU) 6-2 6-4 final 1/32 won LL-Maddison Inglis (AUS) 6-2 7-5 final – Greet Minnen (BEL) 1/16 lost 4-Alexandra Eala (PHI) 7-6(5) 6-7(3) 7-5 final 1/32 won WC-Han Shi (CHN) 6-4 6-0 final – Dalma Galfi (HUN) 1/16 lost 5-Yulia Putintseva (KAZ) 3-6 6-3 7-5 final 1/32 won Yuliia Starodubtseva (UKR) 6-2 6-2 final Q Linda Fruhvirtova (CZE) 1/16 lost 6-Viktorija Golubic (CHE) 6-2 6-0 final 1/32 won Anastasia Zakharova (RUS) 2-6 6-0 6-2 final quali won LL-Joanna Garland (TPE) 7-6(3) 6-2 fying final quali won Clervie Ngounoue (USA) 6-1 6-3 fying 1st Q Varvara Lepchenko (USA) 1/16 lost LL-Kyoka Okamura (JPN) 6-1 7-6(2) final 1/32 won Q-Janice Tjen (IDN) 6-4 1-6 7-6(2) final quali won LL-Victoria Jimenez 7-6(3) 6-3 fying Kasintseva (AND) final quali won Tatiana Prozorova (RUS) 7-6(9) 4-6 6-1 fying 1st SE Lulu Sun (NZL) 1/16 lost LL-Victoria Jimenez 2-6 6-4 6-2 final Kasintseva (AND) 1/32 won 1-Iva Jovic (USA) 6-4 7-6(3) final LL Joanna Garland (TPE) 1/16 lost Q-Caroline Dolehide (USA) 6-4 6-4 final 1/32 won 7-Lucia Bronzetti (ITA) 6-3 7-5 final quali lost Q-Linda Fruhvirtova (CZE) 7-6(3) 6-2 fying final quali won Wushuang Zheng (CHN) 6-1 6-4 fying 1st 3 Suzan Lamens (NLD) 1/16 lost Katie Volynets (USA) 7-5 6-1 final 1/32 won WC-Xinxin Yao (CHN) 6-2 6-3 final WC Saisai Zheng (CHN) 1/32 lost 2-Tatjana Maria (DEU) 6-3 6-2 final WC Xinxin Yao (CHN) 1/32 lost 3-Suzan Lamens (NLD) 6-2 6-3 final – Katarzyna Kawa (POL) 1/32 lost 4-Alexandra Eala (PHI) 6-3 3-6 7-5 final – Diane Parry (FRA) 1/32 lost 5-Yulia Putintseva (KAZ) 6-1 6-7(4) 6-1 final – Rebeka Masarova (CHE) 1/32 lost 6-Viktorija Golubic (CHE) 6-2 6-3 final – Kimberly Birrell (AUS) 1/32 lost LL-Kyoka Okamura (JPN) 6-2 6-4 final – Talia Gibson (AUS) 1/32 lost LL-Victoria Jimenez 7-6(2) 7-5 final Kasintseva (AND) 7 Lucia Bronzetti (ITA) 1/32 lost LL-Joanna Garland (TPE) 6-3 7-5 final – Moyuka Uchijima (JPN) 1/32 lost Q-Caroline Dolehide (USA) 4-6 6-4 7-6(5) final Q Janice Tjen (IDN) 1/32 lost Q-Varvara Lepchenko (USA) 6-4 1-6 7-6(2) final quali won LL-Kyoka Okamura (JPN) 7-6(3) 6-2 fying final quali won Yihan Qu (CHN) 6-2 6-1 fying 1st – Anastasia Zakharova (RUS) 1/32 lost Q-Linda Fruhvirtova (CZE) 2-6 6-0 6-2 final 1 Iva Jovic (USA) 1/32 lost SE-Lulu Sun (NZL) 6-4 7-6(3) final WC Chenting Zhu (CHN) 1/32 lost Katie Volynets (USA) 6-0 6-3 final WC Han Shi (CHN) 1/32 lost Greet Minnen (BEL) 6-4 6-0 final – Yuliia Starodubtseva (UKR) 1/32 lost Dalma Galfi (HUN) 6-2 6-2 final LL Maddison Inglis (AUS) 1/32 lost Leolia Jeanjean (FRA) 6-2 7-5 final LL Arianne Hartono (NLD) quali lost Q-Caroline Dolehide (USA) 6-3 6-2 fying final quali won Whitney Osuigwe (USA) 4-6 7-5 4-2 (Retired) fying 1st ………………………………………….. .. Seeds .. Seed Round Rslt Opponent Score LL Victoria Jimenez Kasintseva (AND) semi to play Katie Volynets (USA) (start 05:00) final s qtr won LL-Kyoka Okamura (JPN) 6-3 6-1 final s LL Kyoka Okamura (JPN) qtr lost LL-Victoria Jimenez 6-3 6-1 final Kasintseva (AND) s Q Caroline Dolehide (USA) qtr lost Katie Volynets (USA) 3-6 6-2 7-5 final s LL Kyoka Okamura (JPN) 1/16 won Q-Varvara Lepchenko (USA) 6-1 7-6(2) final LL Victoria Jimenez Kasintseva (AND) 1/16 won SE-Lulu Sun (NZL) 2-6 6-4 6-2 final LL Joanna Garland (TPE) 1/16 lost Q-Caroline Dolehide (USA) 6-4 6-4 final Q Caroline Dolehide (USA) 1/16 won LL-Joanna Garland (TPE) 6-4 6-4 final Q Varvara Lepchenko (USA) 1/16 lost LL-Kyoka Okamura (JPN) 6-1 7-6(2) final Q Linda Fruhvirtova (CZE) 1/16 lost 6-Viktorija Golubic (CHE) 6-2 6-0 final SE Lulu Sun (NZL) 1/16 lost LL-Victoria Jimenez 2-6 6-4 6-2 final Kasintseva (AND) LL Kyoka Okamura (JPN) 1/32 won Kimberly Birrell (AUS) 6-2 6-4 final LL Victoria Jimenez Kasintseva (AND) 1/32 won Talia Gibson (AUS) 7-6(2) 7-5 final LL Joanna Garland (TPE) 1/32 won 7-Lucia Bronzetti (ITA) 6-3 7-5 final LL Maddison Inglis (AUS) 1/32 lost Leolia Jeanjean (FRA) 6-2 7-5 final Q Caroline Dolehide (USA) 1/32 won Moyuka Uchijima (JPN) 4-6 6-4 7-6(5) final Q Varvara Lepchenko (USA) 1/32 won Q-Janice Tjen (IDN) 6-4 1-6 7-6(2) final Q Linda Fruhvirtova (CZE) 1/32 won Anastasia Zakharova (RUS) 2-6 6-0 6-2 final Q Janice Tjen (IDN) 1/32 lost Q-Varvara Lepchenko (USA) 6-4 1-6 7-6(2) final SE Lulu Sun (NZL) 1/32 won 1-Iva Jovic (USA) 6-4 7-6(3) final WC Xinxin Yao (CHN) 1/32 lost 3-Suzan Lamens (NLD) 6-2 6-3 final WC Chenting Zhu (CHN) 1/32 lost Katie Volynets (USA) 6-0 6-3 final WC Han Shi (CHN) 1/32 lost Greet Minnen (BEL) 6-4 6-0 final WC Saisai Zheng (CHN) 1/32 lost 2-Tatjana Maria (DEU) 6-3 6-2 final LL Arianne Hartono (NLD) quali lost Q-Caroline Dolehide (USA) 6-3 6-2 fying final LL Kyoka Okamura (JPN) quali lost Q-Janice Tjen (IDN) 7-6(3) 6-2 fying final LL Victoria Jimenez Kasintseva (AND) quali lost Q-Varvara Lepchenko (USA) 7-6(3) 6-3 fying final LL Joanna Garland (TPE) quali lost Q-Linda Fruhvirtova (CZE) 7-6(3) 6-2 fying final Q Caroline Dolehide (USA) quali won LL-Arianne Hartono (NLD) 6-3 6-2 fying final Q Janice Tjen (IDN) quali won LL-Kyoka Okamura (JPN) 7-6(3) 6-2 fying final Q Varvara Lepchenko (USA) quali won LL-Victoria Jimenez 7-6(3) 6-3 fying Kasintseva (AND) final Q Linda Fruhvirtova (CZE) quali won LL-Joanna Garland (TPE) 7-6(3) 6-2 fying final LL Arianne Hartono (NLD) quali won Whitney Osuigwe (USA) 4-6 7-5 4-2 (Retired) fying 1st LL Kyoka Okamura (JPN) quali won LL-Maddison Inglis (AUS) 6-4 6-4 fying 1st LL Victoria Jimenez Kasintseva (AND) quali won Mai Hontama (JPN) 6-3 6-2 fying 1st LL Joanna Garland (TPE) quali won Wushuang Zheng (CHN) 6-1 6-4 fying 1st LL Maddison Inglis (AUS) quali lost LL-Kyoka Okamura (JPN) 6-4 6-4 fying 1st Q Caroline Dolehide (USA) quali won Destanee Aiava (AUS) 6-3 6-3 fying 1st Q Janice Tjen (IDN) quali won Yihan Qu (CHN) 6-2 6-1 fying 1st Q Varvara Lepchenko (USA) quali won Tatiana Prozorova (RUS) 7-6(9) 4-6 6-1 fying 1st Q Linda Fruhvirtova (CZE) quali won Clervie Ngounoue (USA) 6-1 6-3 fying 1st 1 Iva Jovic (USA) 1/32 lost SE-Lulu Sun (NZL) 6-4 7-6(3) final 2 Tatjana Maria (DEU) semi to play 6-Viktorija Golubic (CHE) (start 03:45) final s qtr won 5-Yulia Putintseva …

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AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast
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Fed's Miran wants aggressive rate cuts but downplays differences with other officials

by Inkhabar webdesk
written by Inkhabar webdesk

By Michael S. Derby (Reuters) -Federal Reserve Governor Stephen Miran on Friday again pressed for an aggressive path of rate cuts citing the impact of Trump administration policies on the economy, while other central bank officials made the case for a more cautious approach citing still-worrisome inflation pressures. “My view is that if policy is out of whack, you should adjust it at a reasonably … brisk pace,” Miran said in an interview on Bloomberg television. When it comes to the current setting of central bank interest rate policy, “we're not at the point yet where, if you sort of keep it there another day, it's a crisis, but if you keep it there for an extra year, yeah, I think you have…problems on your hands.” Miran said his belief that monetary policy needs to be much easier than it is now is based on his view that economic shifts largely on the immigration front suggest that the so-called neutral interest rate has declined from where it was. That means that if left near current levels, Fed policy has become more restrictive of growth, Miran said.  Miran spoke on a day the government was supposed to release its latest employment sector report but did not due to a shutdown created by elected leaders' failure to agree on a budget. Miran did not express concern about missing the key data, noting the central bank still has time before its next meeting scheduled for late October.  Miran is the Fed's newest governor and in a highly unusual state of affairs is on leave from a job at the Trump White House. He dissented in favor of a half-percentage-point rate cut at the interest-rate setting Federal Open Market Committee meeting last month. Then, officials trimmed their federal funds rate target range by a quarter percentage point to between 4% and 4.25% as they sought to balance a desire to lower still-high inflation while providing support for a weakening jobs market.  Officials also penciled in further rate cuts and see the interest rate target in the 3.5% to 3.75% range by year's end, with a move to between 3.25% and 3.5% in 2026.  Miran's preference for aggressive rate cuts puts him at a distance from most policymakers, especially as a wide range of regional Fed bank presidents are still worried about lowering rates with inflation well above the Fed's 2% target and expected to accelerate as President Donald Trump's tariffs surge through the economy.  SERVICES INFLATION PUTS FED IN A STICKY SPOT Speaking on CNBC, Chicago Fed President Austan Goolsbee said the Fed now finds itself in "a bit of a sticky spot" with recent data showing an upswing in services inflation while payroll job creation has been weakening.  "You see this uptick in inflation and particularly the uptick in services inflation, which is probably not coming from tariffs," he said, adding "I'm a little wary about front-loading too many rate cuts and just counting on the inflation going away." Meanwhile, Dallas Fed President Lorie Logan remained hawkish and told a conference that "we really need to be cautious of further rate cuts from here" in an environment where things like non-housing services inflation remain "worrisome" and suggestive that current above-target inflation is not just a tariff-driven issue.  Fed second-in-command Philip Jefferson also spoke in remarks that noted the recent rate cut was important to help ward off further trouble in the job market. "With the unemployment rate at 4.3%, the labor market is softening, which suggests that, left unsupported, it could experience stress," he said, adding last month's easing "moved our policy rate closer to a more neutral stance while maintaining a balanced approach to promoting our dual-mandate objectives." In a press conference after the September FOMC meeting, Fed Chair Jerome Powell hinted at Miran's isolation and said "there wasn’t widespread support at all for a 50-basis-point cut today," noting that policy moves of greater than 25 basis points often happen "when you feel that policy is out of place and needs to move quickly to a new place. That’s not at all what I feel, certainly now."  That said, while Fed Vice Chair for Supervision Michelle Bowman voted for the 25-basis-point cut, she has since argued that Fed policy is at risk of falling behind the curve in offsetting risks to the labor sector.  In his remarks to the television channel, Miran said his longer-run expectations for monetary policy are not dissimilar from other policymakers and "all that's different is the fact that I want to get there a little bit faster."  Miran also shrugged off the risks of cutting rates aggressively at a time when financial markets have been very buoyant and could rise further on cheaper short-term borrowing costs.  "It can be a little bit of a mistake to look at financial conditions and infer something necessarily about the stance of monetary policy, because they can be driven up by other things," Miran said. And he added financial conditions are "not all loose" and housing finance, for example, is "relatively tight."  (Reporting by Michael S. Derby and Dan Burns; Additional reporting by Ann Saphir and Howard Schneider; Editing by Andrea Ricci)

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AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast
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OpenAI to boost content owners' control for Sora AI video app, plans monetization

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By Mrinmay Dey (Reuters) -ChatGPT creator OpenAI will soon introduce controls allowing the owners of content rights to dictate how their characters are used in its AI video-generating tool Sora and plans to share revenue with those who permit such use. The artificial intelligence company will give rights holders "more granular control over generation of characters," Chief Executive Sam Altman posted on his blog on Friday. Altman said options for copyright owners, such as television and movie studios, will include being able to block the use of their characters. Scrutiny is growing over AI-generated content and its impact on intellectual property rights, as companies navigate how to balance innovation with fair compensation for creators. OpenAI launched Sora this week as a standalone app, initially available in the United States and Canada. Videos in the app can be up to 10 seconds long. The app, which swiftly rose in popularity, lets users create and share AI videos that can be spun from copyrighted content and shared to social media-like streams. Its copyright policy is expected to stir tensions in Hollywood. At least one major studio, Disney, has opted out of having their material appear in the app, people familiar with the matter have told Reuters. OpenAI also plans to introduce a revenue-sharing model for copyright holders who permit their characters to be generated by users, Altman wrote. He said users are creating significantly more video content than expected, often for niche audiences, prompting the need for a monetization strategy. Altman acknowledged that the revenue-sharing framework "will take some trial and error to figure out," but said implementation would begin soon as OpenAI intends to test various approaches within Sora, before rolling out a consistent model across its broader product suite. Microsoft-backed OpenAI launched a Sora model for public use last year, expanding its foray into multimodal AI technologies and competing with similar text-to-video tools from Meta and Alphabet's Google. Meta recently unveiled Vibes, a platform where users can create and share short-form, AI-generated videos. (Reporting by Mrinmay Dey in Bengaluru; Editing by William Mallard)

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AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast
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Trump administration planning 7,500-person refugee ceiling, sources say

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* Record-low cap reflects Trump's restrictive immigration stance * Focus to be on Afrikaners from South Africa * Critics say cutting refugee flow jeopardizes lives and security By Ted Hesson WASHINGTON, Oct 3 (Reuters) – President Donald Trump's administration is preparing to set a refugee admissions cap at 7,500 people this fiscal year, a record low that prioritizes white South Africans of Afrikaner ethnicity, three people familiar with the matter said. If finalized, the planned cap would be a steep drop from the 125,000 put in place last year under former President Joe Biden and reflect Trump's restrictive view of immigration and humanitarian protection. Trump, a Republican, slashed refugee levels during his 2017-2021 presidency as part of a broad crackdown on both legal and illegal immigration. After returning to office in January 2025, he froze refugee admissions, saying they could only resume if it was determined to be in the interest of the U.S. Weeks later, Trump issued an executive order prioritizing refugee entries from South Africa's Dutch-descended Afrikaner minority, saying the white minority group suffered racial discrimination and violence in majority-Black South Africa. South Africa's government has rejected those claims. The first group of 59 South Africans arrived in May, reaching a total of 138 by early September, Reuters reported previously. The White House, State Department and Department of Homeland Security did not immediately respond to requests for comment regarding the planned 7,500-person refugee ceiling in fiscal year 2026, which began on Wednesday. The New York Times first reported the plans. John Slocum, executive director of Refugee Council USA, urged other elected officials to push Trump to bring in more refugees, saying in a statement that such a low limit would be "jeopardizing people’s lives, separating families, and undermining our national security and economic growth." Trump officials had previously discussed annual refugee admissions ranging from 40,000 to 60,000, Reuters reported in recent months. At a side event at the United Nations General Assembly last week, top Trump administration officials urged other nations to join a global campaign to roll back asylum protections, a major shift that would seek to reshape the post-World War Two framework around humanitarian migration. (Reporting by Ted Hesson in Washington; Editing by Jacqueline Wong)

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AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast
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UPDATE 3-NCAAF Results

by Inkhabar webdesk
written by Inkhabar webdesk

Oct 4 (Stats Perform) – Results from the NCAAF games on Friday (home team in CAPS) SOUTH FLORIDA 54 Charlotte 26 Western Kentucky 27 DELAWARE 24 BROWN 28 Rhode Island 21 PRINCETON 17 Columbia 10

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AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast
AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast
AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast
AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast