CNN pundits are admitting that Mueller’s final report vindicates President Donald Trump, undercutting the frenzied coverage the network has given the Russia investigation since its inception.
While the contents of the report are not public, Mueller issued no additional indictments with the submission of his report.
CNN political analyst Gloria Borger admitted that the president is “vindicated” by the conclusion of the probe, but did so in a roundabout way, focusing on the political implications for the president’s past critiques of the Mueller team.
“So if, if as Jeffrey is saying, they get great news, the great news is, first of all, there’s no more indictments. But if suddenly the president has to say those angry Democrats who were working with Bob Mueller were actually just part of a Justice Department doing its job after he has criticized the Justice Department, then he’s now vindicated.”
WATCH:
CNN legal analyst Jeffrey Toobin agreed with Borger’s assessment that the report is good for Trump and many of his associates and family members.
“Let’s be specific. This is really good news for a lot of people around Donald Trump. Donald Trump Jr., Jared Kushner, Jerome Corsi, the writer who had a draft indictment presented to him by Mueller’s office and they decided not to go forward with this. Let’s be fair here. There has been a lot of suspicion around certain people. And a lot of negative things have been said and imputation of criminal activity. Mueller has said, ‘I am not proceeding.’ There is no better news to receive than you are not being indicted by the United States government.”
WATCH:
CNN justice reporter Evan Perez piled on the wave of admissions from pundits that Trump emerged from the Mueller investigation largely unscathed.
“After an investigation that has frankly clouded his administration since the beginning of his presidency. The president can begin to probably breathe a little easier that the idea that his vindication is coming. He knows that so far from the Mueller investigation, the public information that’s been released by Robert Mueller, there’s been nothing that comes close to what looks like collusion or conspiracy, which has been at the focus of this investigation, the idea that there was somebody in the president’s campaign who was colluding with the Russians.”
WATCH:
The lack of indictments related to Russian collusion is a striking blow for a news network that covered the investigation incessantly and even authored several false reports about it.
CNN reporter Maeve Reston admitted last January that Russia is “all we talk about at CNN,” and seemed surprised that average Americans were not as obsessed with the collusion narrative as journalists. In February 2018, chief international correspondent Matthew Chance went dumpster diving for collusion evidence in St. Petersburg, Russia.
The network, ever desperate to get the biggest scoop on the Russia probe, falsely claimed as far back as June 2016 that Trump adviser Anthony Scaramucci was under investigation for alleged ties to Russia. In December 2017, CNN inaccurately said that Donald Trump Jr. had special access to Democratic documents stolen by WikiLeaks. (RELATED: The List Of CNN’s Bungled Reporting Is A Sight To Behold)
Researchers from the University of Alabama at Birmingham Department of Occupational Therapy have published new findings that suggest spending 20 minutes in an urban park will make someone happier regardless of whether they are engaging in exercise or not during the visit.
According to the study, published in International Journal of Environmental Health Research, urban parks have been recognized as key neighborhood places that provide residents with opportunities to experience nature and engage in various activities. Through contact with the natural environment and engagement in health-promoting and/or social and recreational activities in parks, users experience physical and mental health benefits such as stress reduction and recovery from mental fatigue.
Libertarians reveal their goal showing that simple services can be run on a voluntary basis, rather than through the coercion of government.
Principle investigator Hon K. Yuen, Ph.D., OTR/L, professor in the UAB Department of Occupational Therapy, said the original intent of the project was to validate previous research findings on the impact of park visit on emotional well-being, and evaluate the contribution of choosing to participate in physical activity in the park in relation to emotional well-being after the park visit.
“Overall, we found park visitors reported an improvement in emotional well-being after the park visit,” said Yuen. “However, we did not find levels of physical activity are related to improved emotional well-being. Instead, we found time spent in the park is related to improved emotional well-being.”
Co-author and chair of the department Gavin R. Jenkins, Ph.D., OTR/L, said this means that potentially all people can benefit from time in a park. If you cannot be physically active due to aging, a disability or any other limitations, the study implies a person can still gain health benefits just from a visit to a local park.
Participants of the study were adult visitors to one of the three urban parks — Overton, Jemison and Cahaba River Walk Parks — in Mountain Brook, Alabama. Data were collected from 98 adult park visitors; four visitors reported that they participated in this study twice. Data from the second participation were excluded, resulting in 94 unique participants participating in the study. These parks were selected for the study because they were the three main public parks in Mountain Brook and had a relatively high volume of visitors daily.
Yuen said several limitations of the study included the lack of objective data to measure emotional health and confining the study to just three urban parks in a six-month data collection period.
Although a small study, Jenkins said the significance of these findings helps reinforce the need for more urban parks and the conservation of those that already exist.
“There is increasing pressure on green space within urban settings,” said Jenkins. “Planners and developers look to replace green space with residential and commercial property. The challenge facing cities is that there is increasing evidence about the value of city parks but we continue to see the demise of these spaces.”
FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo
April 10, 2019
By Lisa Richwine
LOS ANGELES (Reuters) – While superheroes, monsters and aliens battle on the big screen, a real-life fight is raging behind the scenes that will determine what moviegoers will see at their local cinemas.
The off-screen skirmish centers around the theatrical “window,” the time a movie plays exclusively in U.S. theaters before it can be released on DVD or digital. That period averages 90 days, but upheaval across the media business is fueling debate on whether that should shrink.
At stake is the future of movie theaters and small-screen entertainment as new technology giants upend decades of Hollywood tradition.
Netflix Inc has streamed original movies at the same time, or just a few weeks after, their debut in cinemas. Competitor Amazon Studios has said it would like some of its films to play for only two to eight weeks in theaters before hitting the Amazon Prime Video streaming service.
Many theater owners object, citing potential damage to their business. The group that awards the Oscars is weighing whether to respond, and A-list celebrities are taking sides.
Adam Aron, chief executive of AMC Entertainment Holdings, the world’s largest theater operator, said his company would “consider any and all alternatives” but any changes to the current industry standard “would have to be beneficial to us or neutral to us.”
Even the king of the multiplex – Walt Disney Co – is getting into streaming, and is set to unveil details on Thursday of its strategy. That has stoked concern that it, too, might want movies in living rooms sooner.
Disney executives insist they remain rock-solid behind existing windows for big event films. Disney’s franchise fare such as “Black Panther” and “Avengers: Infinity War” generated a total $7.3 billion at global box offices in 2018.
At a recent CinemaCon convention for theater owners in Las Vegas, Disney and other studios stressed the special experience of watching a film in a darkened theater.
“A lot more people have had their first kiss in a movie theater than their parents’ living room,” said Toby Emmerich, a senior executive at Warner Bros., part of AT&T Inc’s WarnerMedia, which also plans a streaming push.
Oscar-winning actress Helen Mirren was more forthright. “I love Netflix, but fuck Netflix!” she said to cheers and applause. “There’s nothing like sitting in the cinema and the lights go down.”
Netflix is in talks to buy the Egyptian Theatre, a historic movie house in the heart of Hollywood, a source with knowledge of the matter said. Netflix would host premieres and other industry events at the theater, which opened in 1922, the source said.
Amazon Studios boss Jennifer Salke, meanwhile, declared the company “committed to the theatrical experience.” In June, it is slated to release comedy “Late Night” in theaters, with a traditional window.
Shorter windows would keep some customers at home, said Greg Marcus, chief executive of The Marcus Corporation, owner of the fourth-largest U.S. theater chain.
“If you damage the business and take away 10 percent of our customers, we won’t be able to reinvest in the theatrical experience,” Marcus said. “That would ultimately hurt content providers.”
Others said consumers are happy with the current system. Ticket sales in 2018 reached a record $41 billion globally and $12 billion in the United States and Canada, even as Netflix released about 90 movies for streaming.
“We’re not talking about something that’s broken,” Vue International cinemas CEO Tim Richards said in an interview.
OSCAR SHOWDOWN
“Windowing” is expected to be on the agenda this month at a meeting about rules governing the Academy Awards.
Some members of the Academy of Motion Picture Arts & Sciences, the group that awards the Oscars, have been debating whether films must play in theaters for a specific length of time to be eligible.
Director Steven Spielberg told Britain’s ITV News last year that movies seen primarily via streaming should compete for Emmys, not Oscars. A representative declined to comment on whether the director will urge the Academy to address the issue.
In February, Netflix won three Oscars for “Roma,” which streamed three weeks after a limited theatrical debut. Netflix tweeted that it “loved cinema” but also supported access for people who cannot afford, or do not live close to, theaters.
The Justice Department has waded in, warning the Academy that some eligibility limits could be anti-competitive.
An Academy spokesperson said any changes would be weighed at the April 23 meeting.
The issue could flare up later this year when Netflix releases “The Irishman,” a mob drama directed by Martin Scorsese and starring Robert De Niro and Al Pacino.
Filmmakers hope “The Irishman” will play broadly in theaters, De Niro said in an interview, though they realize Netflix’s chief audience is its streaming customers.
“They’re not going to cut their noses to spite their face,” De Niro said. “We get it. This kind of movie has to be presented that way.”
But he added: “We’re working it out so we can have as much theatrical as possible.”
(Reporting by Lisa Richwine; Additional reporting by Rollo Ross in Las Vegas and Alicia Powell in New York; Editing by Kenneth Li and Rosalba O’Brien)
MANILA, Philippines – Philippine officials say U.S. DNA tests have confirmed the death of a Muslim militant leader who helped lead the 2017 siege of southern Marawi city and was regarded as crucial to helping the Islamic State group gain a foothold in the region.
Interior Secretary Eduardo Ano said Sunday that the tests confirmed that Owaida Marohombsar, who was also known by his nom de guerre Abu Dar, was one of four militants killed in a March 14 gunbattle that also left four soldiers dead near southern Tubaran town in Lanao del Sur province. The Philippine military asked U.S. authorities to confirm Marohombsar's death through DNA tests.
Marohombsar helped lead the May 23, 2017, siege, which troops quelled after five months. Most leaders of the attack were killed, but Marohombsar survived.
After consulting with his attorneys and crisis management team, Jussie Smollett told Chicago police that he has an alleged drug problem, a move which could be used as a mitigating factor to get his sentence reduced, according to TMZ.
Smollett divulged his ‘drug problem’ after turning himself in Thursday morning on charges that he filed a police report for a Jan. 29 hate crime hoax he allegedly paid to associates to act out.
Smollett fingered Abimbola “Abel” Osundario – one of the two brothers the ‘Empire’ star allegedly paid $3,500 to beat him up – as his drug dealer, selling him ‘Molly’ several times since the spring of 2018 according to text messages.
Police say Smollett text messaged Osundario asking for the drug – a street name for ecstacy.
Word of Smollett’s drug problem comes as TVLine reports ‘Empire‘ producers are considering bringing in a new actor to play the role of Jamal. Co-creator Lee Daniels – who reportedly loosely based the character on himself, is said to be a big fan of the idea.
20th Century Fox said on Friday that while they will wait for the legal process to play out, they “have decided to remove the role of ‘Jamal’ from the final two episodes of the season.”
Smollett was arrested early Thursday after turning himself in on a felony criminal charge of disorderly conduct for filing a false police report in connection with the hate crime ‘attack.’
And in a sign that the left has finally accepted the situation, the Daily Show mocked the Smollett situation on Friday:
Coming this fall… The story of a poorly staged hate crime that rocked a nation: Jussie’s Lie pic.twitter.com/iGXmETn8m6
FILE PHOTO: Dustin Johnson of the U.S. and his caddie Austin Johnson stand on the putting green shortly before Dustin Johnson withdrew from play due to injury during the first round of the 2017 Masters golf tournament at Augusta National Golf Club in Augusta, Georgia, U.S., April 6, 2017. REUTERS/Mike Segar/File Photo
March 20, 2019
(Reuters) – Nearly two years after Dustin Johnson was knocked out of the Masters when he injured his back slipping on stairs on the tournament’s eve, his caddie and brother Austin has broken a bone in his hand in a similar mishap.
Austin suffered the injury while packing up on Sunday night at the rental house where the brothers were staying at the Players Championship in Florida, world number one Dustin told reporters.
“He had a bit of a run-in with a pair of stairs, kind of like I did,” Dustin said on Wednesday on the eve of the Valspar Championship in Palm Harbor, Florida.
“Those stairs, man, they’ll get you.”
Austin is not letting the injury prevent him from his professional duties.
He caddied in the pro-am at Innisbrook on Wednesday with his left arm in a sling and a cast on his wrist.
Dustin was the hot favorite at the 2017 Masters, as world number one and coming off the back off three straight victories.
The back injury, which he described as severe bruising, kept him out of action for a month.
(Reporting by Andrew Both in Cary, North Carolina; Editing by Toby Davis)
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FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas
April 26, 2019
By Manoj Kumar and Nidhi Verma
NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.
For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.
But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.
That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.
In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.
That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.
In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.
State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.
A government spokesman declined to comment.
The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.
“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.
Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.
Only for them to surge after the vote.
“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.
‘CREDIT NEGATIVE’
Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.
“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.
“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”
India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.
But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.
Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]
Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.
Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.
India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.
“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.
“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”
Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.
The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.
Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.
The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.
($1 = 70.1800 Indian rupees)
(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo
April 26, 2019
(Reuters) – Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.
In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. The company will sell 180 million shares in the offering, with a further 27 million sold by insiders.
In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion.
(Reporting by Joshua Franklin; editing by Patrick Graham)
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo
April 26, 2019
By Aditi Shah and Abhirup Roy
NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.
Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.
The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.
Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.
In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.
“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”
Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.
India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.
Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.
INCREASING CAPACITY
Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.
For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi
For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel
The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.
Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.
Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.
“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.
Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.
DOMESTIC GAINS
Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.
The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.
“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.
Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.
“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”
A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.
“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.
(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid
April 26, 2019
By Pushkala Aripaka and Ankur Banerjee
(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.
Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.
Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.
“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.
Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.
The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.
In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.
The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.
Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX
“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.
AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.
The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.
AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.
Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD
China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.
Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.
(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)
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