AP National Business

NEW YORK (AP) — U.S. markets pointed lower before the opening bell Tuesday ahead of the release of the Federal Reserve’s decision this week on interest rates. Futures for the Dow Jones industrials and the S&P 500 both declined 0.2% with less than two hours before markets open. Investors are expecting another rate hike by

By TOM MURPHY AP Health Writer Sales of Pfizer’s COVID-19 vaccine and treatment pushed the drugmaker well past expectations in the first quarter, as profit grew 61%. The coronavirus vaccine Comirnaty brought in more than $13 billion in sales, and the treatment Paxlovid added another $1.5 billion as company revenue swelled 77%. Overall, Pfizer posted

KYIV, Ukraine (AP) — Germany’s conservative opposition leader has traveled to Kyiv for meetings with Ukrainian officials including President Volodymyr Zelenskyy. The trip on Tuesday came as Chancellor Olaf Scholz made clear he wouldn’t be visiting Ukraine any time soon. Scholz has traded barbs with Ukrainian officials in recent weeks because of Kyiv’s refusal to

LONDON (AP) — BP posted its highest quarterly profit in more than a decade thanks to surging oil and gas prices. The earnings report Tuesday renewed calls for a U.K. government tax on energy companies’ windfall earnings to help households struggling with rising energy bills. The British energy giant said that underlying profit more than

The Associated Press Biogen is looking for a new CEO less than a year after its launch of its Alzheimer’s drug Aduhelm largely fizzled. The company said Tuesday that current CEO Michel Vounatsos will continue to lead the company until his successor is appointed. Aduhelm hit the market as the first new Alzheimer’s medication in

VATICAN CITY (AP) — Pope Francis has told an Italian newspaper that he has offered to travel to Moscow to meet with President Vladimir Putin to try to end Russia’s war in Ukraine, and suggested the invasion might have been provoked by NATO’s eastward expansion. Francis said he made the offer about three weeks into

By The Associated Press Sales of Pfizer’s COVID-19 vaccine and treatment pushed the drugmaker well past expectations in the first quarter, as profit grew 61%. The coronavirus vaccine Comirnaty brought in more than $13 billion in sales, and the treatment Paxlovid added another $1.5 billion as company revenue swelled 77%. Overall, Pfizer posted adjusted earnings

By LAUREN SCHWAHN of NerdWallet You lent money to a friend or family member in need and they haven’t repaid the debt. Collecting money that a loved one owes you can be difficult and uncomfortable. What’s the best way to handle the situation? There are a few strategies you can explore to help you find

HONG KONG (AP) — Hong Kong’s economy shrank by 4% compared with a year earlier in the quarter ending in March after the Chinese territory shut restaurants and other businesses to fight a spike in coronavirus infections. Government data showed growth plunged from the previous quarter’s 4% expansion. Hong Kong closed amusement parks and imposed

ATHENS, Greece (AP) — A top European Union official is joining the leaders of four Balkan countries on a tour of liquefied natural gas facilities being built in northern Greece to challenge Russia’s energy dominance in the region. European Council President Charles Michel met Greek Prime Minister Kyriakos Mitsotakis and leaders of Bulgaria, North Macedonia

By CARA ANNA and YESICA FISCH Associated Press ZAPORIZHZHIA, Ukraine (AP) — Aid workers prepared hot food, wheelchairs and toys Tuesday for civilians slowly making their way to relative safety from the pulverized remnants of a steel plant in Mariupol, as Russian forces resumed strikes on the facility. The Azovstal steel plant is the last

By ELAINE KURTENBACH AP Business Writer World shares were mixed Tuesday as investors awaited a decision by the Federal Reserve on interest rates. Benchmarks rose in Hong Kong, Paris and Frankfurt but fell in Sydney and London. Trading was light with markets in mainland China, Japan and some other countries closed for holidays. Oil prices

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s central bank has lifted its benchmark interest rate for the first time in more than 11 years. The cash rate rose to 0.35% from 0.1% in a move potentially damaging to a government that will seek reelection on May 21. Tuesday’s decision by the Reserve

By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — Using a helicopter to catch a falling rocket is such a complex task that Peter Beck likens it to a “supersonic ballet.” Rocket Lab, the company that Beck founded, partially pulled off the feat Tuesday as it pushes to make its small Electron rockets reusable.

By ELAINE KURTENBACH AP Business Writer Asian shares were mixed Tuesday after Australia’s central bank raised a key interest rate for the first time since 2010. Trading was light with markets in mainland China, Japan and some other countries closed for holidays. Australia’s central bank lifted its benchmark interest rate to 0.35% from 0.1%. Investors

By KRUTIKA PATHI and ANIRUDDHA GHOSAL Associated Press NEW DELHI (AP) — An unusually early and brutal heat wave is scorching parts of India, with acute power shortages affecting millions as demand for electricity surges to record levels. Supplies of coal at many thermal power plants are running perilously low, spawning daily power outages in

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s central bank has lifted its benchmark interest rate for the first time in more than 11 years. The cash rate rose from 0.1% to .35%in a move potentially damaging to a government that will seek reelection on May 21. A rise on Tuesday was widely

BEIJING (AP) — Rescuers have found two more survivors in the rubble of a building in central China that collapsed more than three days ago. The official Xinhua News Agency says a man and a woman were pulled out on Monday afternoon and early Tuesday morning. The woman, whose rescue came after being buried for

By CARA ANNA and INNA VARENYTSIA Associated Press ZAPORIZHZHIA, Ukraine (AP) — Russia plans to annex much of eastern Ukraine later this month, a senior U.S. official warned, and the Mariupol steel mill that is the city’s last stronghold of resistance came under renewed assault a day after the first evacuation of civilians from the

By ELAINE KURTENBACH AP Business Writer Asian shares are mixed in light “Golden Week” trading with markets in China, Japan and some other countries closed for holidays. Investors are watching to see what the U.S. Federal Reserve does as it accelerates efforts to curb inflation. The central bank is expected to raise short-term interest rates