Twitter Users Offer Encouragement After Trump Riffs About Deleting Account

RPT-Japan April factory output falls 9.1% month/month – govt

(Attaches to additional alerts)

TOKYO, May 29 (Reuters) – Japan’s factory output fell 9.1% in April, government data showed on Friday, compared with a median market forecast for a 5.1% drop.

Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to shrink 4.1% in May and rise 3.9% in June, the data showed.

For the poll story click

For the full tables on METI’s website:

here (Reporting by Daniel Leussink; Editing by Chris Gallagher)

Japan April factory output falls 9.1% month/month – govt

TOKYO, May 29 (Reuters) – Japan’s factory output fell 9.1% in April, government data showed on Friday, compared with a median market forecast for a 5.1% drop.

Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to shrink 4.1% in May and rise 3.9% in June, the data showed.

For the poll story click

For the full tables on METI’s website:

here (Reporting by Daniel Leussink; Editing by Chris Gallagher)

Cortez Masto Withdraws Consideration To Be Biden’s Running Mate

LAS VEGAS (AP) — Democratic Sen. Catherine Cortez Masto of Nevada said Thursday that she’s not interested in serving as running mate to presumptive presidential nominee Joe Biden.

Cortez Masto, who in 2016 became the first Latina elected to the U.S. Senate, said in a statement that she supports the former vice president and will work tirelessly to get him elected but does not want to join the presidential ticket.

“It is an honor to be considered as a potential running mate but I have decided to withdraw my name from consideration,” she said in a statement. “Nevada’s economy is one of the hardest hit by the current crisis and I will continue to focus on getting Nevadans the support they need to get on back on their feet.”

Cortez Masto is one of more than 10 women whose names have been suggested as possible running mates for Biden, who has committed to picking a woman.

Cortez Masto, 56, was one of the highest profile Latinas believed to be on Biden’s short list of potential running mates, and a pick that some activists have said would have helped Biden win over Hispanics whose support could be crucial to winning the presidency in November.

FDA Oks Lilly’s Drug To Image Tau Pathology In Patients Being Evaluated For Alzheimer’s Disease

The U.S. Food and Drug Administration approved Tauvid for intravenous injection, the first drug used to help image a distinctive characteristic of Alzheimer’s disease in the brain called tau pathology.

Tauvid is a radioactive diagnostic agent for adult patients with cognitive impairment who are being evaluated for Alzheimer’s disease.

Tauvid is indicated for positron emission tomography or PET imaging of the brain to estimate the density and distribution of aggregated tau neurofibrillary tangles or NFTs, a primary marker of Alzheimer’s disease.

Avid Radiopharmaceuticals, Inc., a wholly owned subsidiary of Eli Lilly and Company (LLY), developed TAUVID and AMYVID to provide physicians with meaningful information on the presence of both pathologies to aid the evaluation of patients suspected of having Alzheimer’s disease.

According to Eli Lilly, availability of TAUVID will initially be limited and will expand in response to commercial demand and payor reimbursement.

The company warned that TAUVID is not indicated for use in the evaluation of patients for chronic traumatic encephalopathy.

Trip.com Slips To Loss In Q1

Trip.com Group Limited (TCOM) reported that its first-quarter net loss attributable to shareholders was RMB5.4 billion or US$754 million, compared to net income of RMB4.6 billion in the same period in 2019, primarily due to the operating loss associated with impact of COVID-19, the fair value changes in equity securities investments, impairments of long-term investments and loss from other investing activities. Loss per ADS were RMB8.98(US$1.27) for the first quarter of 2020.

Excluding share-based compensation charges and fair value changes of equity securities investments, non-GAAP net loss attributable to shareholders was RMB2.2 billion or US$312 million, compared to net income of RMB1.8 billion in the same period in 2019.

Excluding share-based compensation charges and fair value changes of equity securities investments, non-GAAP loss per ADS were RMB3.73 or US$0.53 for the first quarter of 2020.

Net revenue was RMB4.7 billion or US$669 million, represents a 42% decrease from the same period in 2019.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.51 per share and revenues of $580.12 million for the quarter. Analysts’ estimates typically exclude special items.

Twitter Users Offer Encouragement After Trump Riffs About Deleting Account

President Donald Trump claimed on Thursday that he’d love to delete his Twitter account ― and users on the platform were very supportive of that idea.

The comment came as Trump signed an executive order devised to reduce legal protections for social media companies. In a first earlier this week, Twitter had flagged two of the president’s tweets, which contained unsubstantiated claims about mail-in voting, with fact-check warnings.

Trump ― who generally uses the platform to bash his rivals, spread baseless theories and promote himself and his allies ― declared this move a suppression of free speech and made the apparent move to punish the company.

When a reporter asked why Trump doesn’t simply leave the platform he has so many issues with, he replied, “There’s nothing I’d rather do than get rid of my whole Twitter account.”

However, the president claimed, he keeps it so he can challenge news coverage he deems “fake.”

While many skeptics doubted Trump’s ability to part ways with his Twitter account, other users optimistically offered their full encouragement.