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Category: SRN News

Fed forecasts see latest hike followed by another before end of year

By Michael S. Derby WASHINGTON, Sept 16 (Reuters) – Federal Reserve officials expect one more interest rate increase this year after raising rates on Wednesday and expect to hold steady in 2027, quarterly projections released after their latest policy meeting showed. At the same time,…

Novartis halts ALS drug development after mid-stage trial failure

By Sriparna Roy Sept 16 (Reuters) – Novartis has halted development of an experimental drug for amyotrophic lateral sclerosis after it failed to meet goals in a mid-stage study, marking the latest disappointment for the Swiss drugmaker this year. This follows an earlier setback for…

Twins place SS Kaelen Culpepper (hamstring) on IL

By Field Level Media Sep 16 (Field Level Media) – The Minnesota Twins placed rookie shortstop Kaelen Culpepper on the 10-day injured list on Wednesday with a left hamstring strain. Culpepper, 23, was removed from Tuesday night’s 8-1 loss to the New York Yankees in…

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