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Man Detained For Alleged Threat To Murder Trump, Blow Up Pentagon

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Sterling spikes to four-week high after report UK’s May to delay Brexit date

New one pound coins, which come into circulation today, are seen in London
FILE PHOTO: New one pound coins, which come into circulation today, are seen in London, Britain March 28, 2017 REUTERS/Neil Hall

February 25, 2019

NEW YORK (Reuters) – Sterling jumped to a four-week high against the dollar late on Monday after Bloomberg News reported British Prime Minister Theresa May was considering delaying a deadline on Brexit.

The report said May is expected to allow her cabinet to discuss extending the deadline beyond March 29 at meeting on Tuesday.

The British pound rose to a four-week peak of $1.3153, and was last up 0.2 percent at $1.3124.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Dan Grebler)

Source: OANN

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European shares pare losses following upbeat German data

The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 22, 2019. REUTERS/Staff

March 25, 2019

By Medha Singh

(Reuters) – European shares fell on Monday on concerns over sluggish global growth but an unexpected rise in German business sentiment eased fears of a recession in the bloc’s largest economy.

The pan-European STOXX 600 index pared early losses to dip 0.12 percent while Frankfurt’s DAX, Milan’s, Madrid’s and Paris’s briefly turned positive after data showed German business morale improved unexpectedly in March, suggesting the country’s economy is likely to pick up in the coming months. London’s FTSE was marginally lower.

European stocks on Friday witnessed their biggest weekly decline this year following weak manufacturing data from Europe and the United States that inverted a part of the U.S. yield curve. In the past, that has signaled an upcoming recession.

“It’s the uncertainty around the outlook of the manufacturing sector which is causing the selloff which should be put into context of still a very healthy service sector,” said Mike Bell, global market strategist at JPMorgan Asset Management.

“There seem to be conflicting signals from the data with one survey telling things that things are deteriorating a bit in the manufacturing side but on the other hand the IFO survey is showing a pick up.”

Among the biggest weights on the pan-region index was Germany’s Bayer, down 2.1 percent. Its chief executive said over the weekend that management retained the backing of its supervisory board despite a second U.S. ruling that its glyphosate-based Roundup weed killer caused cancer.

While losses in health and technology sectors weighed on the index, a rise in auto stocks and banks limited losses.

Fiat Chrysler jumped 3.2 percent. The Wall Street Journal reported that the Italian carmaker had rebuffed merger approaches by Peugeot earlier this year.

British satellite operator Inmarsat jumped 8.6 percent to lead gains on STOXX after a private equity-led consortium agreed to buy the company for about $3.4 billion in cash.

Majestic Wine tanked 11.2 percent, on course for its worst day since November after it said it would review its dividend policy as it looks to focus on its online wine retail business Naked Wines.

Investors are also dealing with the uncertainty surrounding the United Kingdom’s exit from the European Union, with the risk of a potentially major “no-deal” shock to the European economy just over two weeks away.

Prime Minister Theresa May is under pressure to give a date for leaving office to swing Brexit-supporting rebel lawmakers in her party behind her twice-defeated European Union divorce treaty.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru,; Editing by Keith Weir and Ed Osmond)

Source: OANN

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Opening statements expected in ex-Minneapolis cop’s trial

With a jury in place, opening statements were scheduled Tuesday in the trial of a former Minneapolis police officer who shot and killed an unarmed woman after she called 911 to report a possible rape in the alley behind her home.

Mohamed Noor, 33, who is Somali American, is charged with murder and manslaughter in the July 2017 death of Justine Ruszczyk Damond, a 40-year-old dual Australian-American citizen who was shot when she approached his squad car.

It took a week to select a jury . After 75 prospective jurors answered questions about their views on Somalis and police officers, as well as their experiences with firearms, on-the-job training and other issues, 12 men and four women were selected Monday to hear the case. In the end, only 12 will deliberate and four will serve as alternates. The jurors include a firefighter and paramedic, an obstetrician-gynecologist, a civil engineer, a grocery store manager, a restaurant host, a carpenter and a Homeland Security immigration officer.

Six jurors are people of color, including two Filipino men, an Ethiopian man and a Pakistani woman.

Damond, who was white, was a life coach and set to be married the month after her death. The night she was shot, she had called 911 twice before Noor and his partner, Officer Matthew Harrity, arrived.

Harrity told investigators he was driving a police SUV when he heard a voice and a thump and caught a glimpse of someone outside his window. Harrity said he was startled and thought his life was in danger. He said he then heard a noise and turned to see that Noor, in the passenger seat, had fired his gun and hit Damond, who was in her pajamas.

Noor refused to talk to investigators. The officers did not turn on their body cameras until after the shooting, and there was no squad car video.

Prosecutors charged Noor with second-degree intentional murder, third-degree murder and second-degree manslaughter, saying there is no evidence he faced a threat that justified deadly force. They must prove he acted unreasonably when he shot Damond.

Minnesota law allows police officers to use deadly force to protect themselves or their partners from death or great bodily harm; Noor's attorneys have said they plan to argue he used reasonable force and acted in self-defense.

Noor's attorneys haven't said whether he will testify. If he does, prosecutors may be able to introduce some evidence that the defense wanted to keep out of the state's case, including that he has refused to talk to investigators. They also could bring up a 2015 psychological test that showed Noor disliked being around people and had difficulty confronting others. Despite that test, a psychiatrist found him fit to be a cadet officer.

The shooting, which got international attention, raised questions about Noor's training . The police chief defended Noor's training, but the chief was forced to resign days later. The shooting also led to changes in the department's policy on use of body cameras.

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Follow Amy Forliti on Twitter: http://www.twitter.com/amyforliti

___

Check out the AP's complete coverage of Mohamed Noor's trial.

Source: Fox News National

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False Trump Accusers Harmed Us All. Hold Them Accountable.

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“Our government,” wrote Supreme Court Justice Louis Brandeis, “teaches the whole people by its example. If the government becomes the lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy.”

Would that Brandeis could rise from the dead to oversee the investigation and likely prosecution of those whose determination to oppose Donald J. Trump was so fierce that they conspired to create a narrative of treason that has now been revealed to be a charade.

Let the reckoning begin.

I’m not talking about settling scores with the dozens of mainstream media figures who spent the last two years “informing” their viewers/listeners/readers that President Trump and his campaign had broken the law to conspire with the Russian government to fix the 2016 election. They were wrong, and they now have been proven wrong, by the very man in whom they placed their deep and abiding faith.

If, as we were reminded repeatedly during the last presidential administration, the arc of the moral universe bends toward justice, those charlatans will lose their audiences, their sponsors, and, eventually, their livelihoods.

I’m talking instead about the reckoning for the current and former government officials – holders of a public trust – who deliberately abused that trust to lead their fellow citizens on what they knew from the beginning was a wild goose chase. They knew it was a wild goose chase because they were the ones who created it in the first place.

I’m talking specifically about former FBI Director James Comey, former CIA Director John Brennan, former Director of National Intelligence James Clapper, former Attorney General Loretta Lynch, Deputy Attorney General Rod Rosenstein, former Deputy Attorney General Sally Yates, former FBI Deputy Director Andrew McCabe, former FBI agent Peter Strzok, former FBI lawyer Lisa Page, and Department of Justice official Bruce Ohr, among others.

These are the people who, together, spun a fable about corruption and treason and international intrigue that led to horrific damage – damage to individuals caught in the cross-hairs of the “investigation” they launched, damage to their government, damage to their country.

Example: As I sat to write this, it occurred to me that President Trump’s meeting with Israeli Prime Minister Benjamin Netanyahu on Monday was the first meeting Trump had had with a foreign leader who didn’t have just cause to wonder if and when Trump would be leaving office early as a result of the investigation.

That is, for more than two years now – in fact, for the entire duration of his presidency – President Trump has been handicapped in his conduct of foreign policy by the inevitable doubts among foreign leaders who couldn’t help but wonder about the value (and duration) of a deal struck with Trump, or a threat made by Trump.

That handicapping of our president doesn’t just hurt him, it hurts our entire nation.

It must not be allowed to happen again. To that end, a reckoning must ensue – not for reasons of revenge, but because punishing criminals for their criminal behavior is the best way to head off future criminal behavior, both by them and by others encouraged to behave criminally after seeing earlier criminal behavior go unpunished.

Congressional Democrats now insist that the entire Mueller report be handed over to them and made public, even though they know there are parts of it that must be redacted. Fine. I agree. Scrub the document and remove the national security information and any information that would violate grand jury secrecy, and let us see the rest of it.

But while we’re releasing the Mueller report, let’s also release the FISA warrant applications. Let’s release the testimony from the secret hearings. Let’s release the memoranda memorializing the opening of the investigation, and the “scope” memorandum Rosenstein issued in August 2017, months after he appointed Mueller (when he failed to cite a crime to be investigated by Mueller, as Justice Department guidelines require).

Let’s appoint a new special counsel to investigate those former FBI and Justice Department officials – along with Brennan and Clapper – who created this entire narrative. Have them interrogated by FBI officials. Let them hand over their new-found post-government cable TV pundit earnings to white-collar defense attorneys to help them maintain their innocence.

Wrote one of them recently, “The rule of law depends upon fair administration of justice, which is rooted in complete and unbiased investigation. We are best served when an investigation finds all relevant facts and illuminates the fullest possible view of the truth.”

I agree. I would add that we are best served when those upon whom we rely for the administration of justice actually do their jobs without fear or favor, and follow the law as written without regard to the last name of the subject of their investigation.

Just FYI, that quote was from Comey, writing last week in The New York Times. Like the blind squirrel, even he can find an acorn every now and then.

Jenny Beth Martin is chairman of the Tea Party Patriots Citizens Fund.

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Iranian president meets Iraq's most senior Shiite cleric

Iran's official IRNA news agency says President Hassan Rouhani has met with Iraq's most senior Shiite cleric — the first such meeting for an Iranian leader.

The report says Rouhani met with Grand Ayatollah Ali al-Sistani on the third and last day of his official visit to Iraq. Wednesday's meeting took place at al-Sistani's base in the southern Iraqi city of Najaf.

Former hard-line Iranian President Mahmoud Ahmadinejad did not meet with Iranian-born cleric al-Sistani during his 2008 visit to Iraq.

Al-Sistani rarely meets officials. He received the U.N. envoy to Iraq, Jan Kubis, last November.

Rouhani is likely to score points at home over the meeting. He is under increasing pressure by hard-liners and struggling with an economic crisis that has emboldened critics to openly call for his ouster.

Source: Fox News World

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Pilots searched for checklist before Lion Air crash: Indonesian investigators

A worker assists his colleague as an turbine engine of Lion Air flight JT610 is lifted up at Tanjung Priok port in Jakarta
FILE PHOTO: A worker assists his colleague as an turbine engine of Lion Air flight JT610 is lifted up at Tanjung Priok port in Jakarta, Indonesia, November 4, 2018. REUTERS/Beawiharta

March 21, 2019

JAKARTA (Reuters) – Indonesian investigators said on Thursday the cockpit voice recorder from a crashed Lion Air Boeing Co 737 MAX 8 jet showed pilots were searching for the right checklist in their handbooks and were experiencing airspeed and altitude issues.

The details revealed at a press conference corroborated a Reuters report on Wednesday that was based on three sources with knowledge of the cockpit voice recorder’s contents.

Investigators said they have 90 percent of the data needed to release a final report on the October crash that killed 189 people, which is expected in August.

Nurcahyo Utomo, an investigator at Indonesia’s national transportation committee (KNKT) said the recording showed there was “panic” in the cockpit in the last 20 seconds of the flight.

“At the end of the flight it seemed the pilot felt he could no longer recover the flight, then the panic emerged,” he said while declining to say which of the two pilots panicked.

The investigation has taken on new urgency after a second 737 MAX 8 crash at Ethiopian Airlines last week killed 157 people and led to the global grounding of the model.

French air accident investigation agency BEA said on Tuesday the flight data recorder in the Ethiopian crash showed “clear similarities” to the Lion Air disaster.

Investigators examining the Indonesian crash are considering how a computer ordered the plane to dive in response to data from a faulty sensor and whether the pilots had enough training to respond appropriately to the emergency, among other factors.

(Reporting by Cindy Silviana and Bernadette Christina Munthe; writing by Jamie Freed; Editing by Simon Cameron-Moore)

Source: OANN

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
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.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

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)

Source: OANN

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FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
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)

Source: OANN

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
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)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
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)

Source: OANN

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