US Democratic nominee Kamala Harris says Wisconsin officer should be charged: Media
WASHINGTON (REUTERS) – US Democratic vice presidential nominee Kamala Harris said on Thursday (Aug 27) that she believed the officer who shot 29-year-old Jacob Blake in Wisconsin should be charged with a crime.
“I don’t have all the evidence,” Harris told NBC News in an interview scheduled to air on Friday, according to an excerpt.
“Based on what I’ve seen it seems the officer should be charged,” Harris, a former attorney general of California, added.
MORE TO COME
Republican National Convention Day Four: live updates
2020 Republican National Convention, day four
The Republican National Convention's fourth day got underway on Thursday. Speakers include Senate Majority Leader Mitch McConnell, HUD Secretary Ben Carson, former NYC Mayor Rudy Giuliani, White House advisor Ivanka Trump, and President Trump.
Follow below on Fox News' live blog. Mobile users click here.
Japanese Prime Minister Shinzo Abe intends to resign, reports say
Japanese Prime Minister Shinzo Abe intends to resign for health reasons, local media reported Friday.
Abe plans to step down to deal with a health problem, national broadcaster NHK reported citing sources close to the prime minister. Kyodo News also reported that Abe plans to resign, citing a source from the ruling Liberal Democratic Party.
Abe had been scheduled to hold a press conference at 5 p.m. local time.
CNBC has not independently confirmed the reports.
Stocks in Japan briefly fell after the reports.
The reports come after Abe recently visited a hospital, spurring concerns about his health.
Reuters previously reported that Abe suffers from a chronic inflammatory bowel disease, adding that a previous flare up led to him stepping down as prime minister in 2007.
This is breaking news. Please check back for updates.
Sanofi To Commence Tender Offer To Acquire Principia Biopharma
Sanofi (SNYNF,SNY), on Friday, said it intends to commence a tender offer to acquire all of the outstanding shares of common stock of Principia Biopharma Inc. for $100 per share in cash, without interest thereon and net of any applicable withholding taxes.
Sanofi agreed to buy Principia in mid-August. The Offer is being made pursuant to the Agreement and Plan of Merger by and among Principia, Sanofi and Kortex Acquisition Corp., a Delaware corporation and an indirect, wholly-owned subsidiary of Sanofi.
Upon completion, Kortex would merge with and into Principia pursuant to Section 251(h) of the General Corporation Law of the State of Delaware, with Principia continuing as the surviving corporation and becoming an indirect, wholly-owned subsidiary of Sanofi.
Evercore is acting as financial advisor to Sanofi and Weil, Gotshal & Manges LLP is acting as its legal counsel. Centerview Partners LLC and BofA Securities, Inc. are acting as financial advisors to Principia and Cooley LLP is acting as its legal counsel.
Yen Jumps, Japan Stocks Sink After Reports Say Abe Plans to Quit
The yen advanced and Japanese stocks fell after NHK said Japanese Prime Minister Shinzo Abe plans to resign due to health concerns.
The currency rose as much as 0.4% against the the dollar to 106.11, rebounding from a loss. The Topix stock index erased gains to fall as much as 1.6% while Nikkei 225 dropped as much as 2.7%.
“Resignation brings into question support for Abenomics, and of course support for Kuroda’s BOJ ultra-easy policy,” said Rodrigo Catril, senior FX strategist at National Australia Bank Ltd. in Sydney, who sees the yen at 103 against the dollar by year end.
Futures of Japan’s 10-year government notes dropped as much as 42 ticks to 151.30.
RBI Snaps Rupee Traders Out of Their Stupor as Currency Climbs
Rupee traders, lulled into a sense of complacency by the Reserve Bank of India’s massive dollar purchases, are in for a rude awakening as the monetary authority takes a break from defending the currency.
The rupee was steady at 73.8375 on Friday, but is up 1.4% for the week, the most since May. The dollar/rupee pair is also inching closer to its 200-day moving average at 73.7039, a key level it has held for a year.
RBI has so far been a relentless buyer of dollars to build reserves, a strategy that has made the rupee among the region’s weakest currencies this year. The authority bought $30 billion of forex in the four months through July to bolster what is already the world’s fifth-largest reserves, according to Australia & New Zealand Banking Group Ltd.
“The RBI seems to be adopting a more hands-off approach now versus intervention,” said B. Prasanna, group head for global markets sales, trading and research at ICICI Bank Ltd. in Mumbai. “Given that the current inflation spike has been due to supply disruptions, maybe the RBI is looking at rupee appreciation more favorably since it does have a softening impact on landed prices of imported products, mainly crude oil.”
The rupee could rise toward the 73 mark if the spate of foreign fund inflows continue, Prasanna said.
'Everything we have achieved is now in danger': How Republican convention speeches have changed, from Reagan to Trump
- President Trump accepted the GOP nomination at the 2020 Republican National Convention on Thursday with a speech focused on fear and chaos, breaking from party tradition.
- The president attacked his enemies and painted a dark picture of America's future rather than calling for hope and unity like previous Republican nominees did during times of national unrest.
- He blamed China for the coronavirus pandemic, stoked mistrust around the upcoming election, and tore down his Democratic opponent, Joe Biden.
- Insider News looked at the Republican convention speeches of the past 40 years to contrast President Trump's with those of previous nominees, starting with Ronald Reagan.
- Follow Insider News on YouTube.