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OU regents chair: President didn't initiate personnel probe

The chair of the University of Oklahoma regents said an ongoing personnel investigation was not initiated by the current president, but declined to elaborate further following a closed-door meeting Wednesday with attorneys to discuss the probe.

The two-hour meeting comes a week after The Oklahoman newspaper, citing unnamed sources, reported that former University of Oklahoma President David Boren was the target of an investigation. The Associated Press has not confirmed that information.

"Our goal is to ensure the investigation's integrity, and any comment would be highly inappropriate at this time," Board of Regents Chairwoman Leslie Rainbolt-Forbes told reporters after the meeting. "What I can do ... is that I want to affirm this board's complete support for Jim Gallogly as president of this university and to also make it completely clear that he did not initiate, nor is he involved with, this investigation, which is being conducted by an independent third party."

The investigation is being conducted by Jones Day, one of the world's largest law firms. The university has said only that it received "allegations of serious misconduct that it was legally obligated to investigate," but has not confirmed Boren is a target.

Boren, 77, is one of the most prominent politicians in Oklahoma. The Democrat served as a governor and U.S. senator before being named OU's president in 1994, a post he held until stepping down last year amid health concerns. Boren's father, Lyle Boren, and son, Dan Boren, both served in the U.S. House.

Boren's attorney, Bob Burke, declined to comment Wednesday, but has previously described the probe as a "character assassination" and suggested it stems from strained relations between Boren and Gallogly. Gallogly has been critical of university spending and debt levels under Boren's tenure, and on his first day on the job he fired about one-third of the top-level executives who reported directly to the president.

Burke has said that, even though he's not aware of any formal complaint against Boren, the former president denies any inappropriate behavior or unlawful activity.

___

Follow Sean Murphy at www.twitter.com/apseanmurphy

Source: Fox News National

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Phoenix man accused of killing 4, including wife and 2 kids

A Phoenix man has been arrested on suspicion of killing his wife, two of his young daughters and a man who the suspect thought was romantically involved with his wife, police said Friday.

The wife and daughters of the suspect were killed at the family's home, and the 30-year-old suspect then went Thursday night to an apartment complex where he shot and killed a 46-year-old man, said Sgt. Tommy Thompson, a police department spokesman. A woman and another man were shot and wounded at the complex, Thompson said.

The suspect was arrested by police as he drove away from the apartment complex.

The suspect and the victims were not identified and authorities did not say how the wife of the suspect and their daughters, ages 5 and 7, were killed. A 3-year-old daughter of the couple was not hurt and was found under a bed at the family's home, Thompson said.

"It is my understanding that for whatever reason he elected not to shoot her," Thompson said.

The suspect told detectives during an interview that he believed "in God's eyes it was all right for him to deal with someone in this manner who had been involved in adultery or an extramarital affair," Thompson said.

He described the scene at the apartment complex as chaotic, with firefighters treating victims while authorities did not initially know the whereabouts of the shooter.

Source: Fox News National

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Three more women accuse Biden; Democrats target Trump’s taxes

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Developing now, Thursday, April 4, 2019

THREE MORE WOMEN ACCUSE BIDEN, SAY VIDEO ISN'T ENOUGH: If Joe Biden thought a video addressing the allegations of inappropriate behavior towards women would squash the scandal and enable him to focus on possibly launching his 2020 presidential campaign, he was mistaken ... Hours after he appeared on video to promise he'd be "more mindful" about others' personal space, three more women went public Wednesday to claim that the former vice president had touched them inappropriately. All three said Biden's video didn't go far enough.

A previous Biden accuser, writer D.J. Hill, told Fox News' Shannon Bream on "Fox News @ Night" that she went public with her claim because she was inspired by other women who have come forward and the “cultural shift” that’s been “long overdue.” (Click on the video above to watch the full interview.)

A total of seven women have now accused Biden of inappropriate conduct.

CLICK HERE TO GET THE FOX NEWS APP.

SHOWDOWN OVER TRUMP'S TAXES BREWING: A key Democrat who heads the powerful House Ways and Means Committee has formally requested the IRS provide six years of President Trump's personal and business tax returns and the president has responded, "Is that all? Usually it's 10" ... The request Wednesday by U.S. Rep. Richard Neal, D-Mass., who heads the tax-writing House Ways and Means Committee, is the first such demand for a sitting president's tax information in 45 years. The move sets up a virtually certain legal showdown with the White House as Trump has refused the request, saying he is under audit.

VIRGINIA LT. GOVERNOR RELEASES POLYGRAPH RESULTS: Embattled Virginia Lt. Gov. Justin Fairfax on Wednesday released the results of a polygraph test he said he took in response to two accusations of sexual misconduct by two separate women ... “Today, I am providing the full report of my polygraph examinations to the media so that all Virginians can read the report themselves,” he said in a news conference held in his office, WTKR-TV of Norfolk reported. Fairfax again denied the accusations, saying, “they are incredibly hurtful to me and my family and my reputation, which I have spent a lifetime building.” Fairfax's two accusers, Vanessa Tyson and Meredith Watson, both spoke out in national interviews with Gayle King that aired on "CBS This Morning" earlier this week.

STACEY ABRAMS STILL NOT CONCEDING DEFEAT: Former Georgia gubernatorial candidate Stacey Abrams questioned the legitimacy of her 2018 loss during an event in New York City on Wednesday, saying she refuses to concede the race to Republican Gov. Brian Kemp, while accusing the GOP of stealing the election ... "Despite the final tally and the inauguration [of Gov. Brian Kemp] and the situation we find ourselves in, I do have a very affirmative statement to make: We won," she told the crowd at the annual convention of the Rev. Al Sharpton's National Action Network. She lost to Kemp by more than 54,000 votes, but has repeatedly refused to concede the outcome.

Actress Felicity Huffman arrives holding hands with her brother Moore Huffman Jr., left, at federal court in Boston on Wednesday, April 3, 2019, to face charges in a nationwide college admissions bribery scandal. (AP Photo/Charles Krupa)

Actress Felicity Huffman arrives holding hands with her brother Moore Huffman Jr., left, at federal court in Boston on Wednesday, April 3, 2019, to face charges in a nationwide college admissions bribery scandal. (AP Photo/Charles Krupa) (AP)

LOUGHLIN, HUFFMAN MAKE COURT APPEARANCES: Hollywood actresses Lori Loughlin and Felicity Huffman appeared in Boston federal court Wednesday for hearings on their alleged roles in the college admissions scandal that outraged the nation a few weeks ago .... Neither Loughlin nor Huffman were asked to enter pleas in their respective cases and neither of them publicly addressed the allegations they face. Loughlin and her fashion designer husband, Mossimo Giannulli, are accused of paying bribes to get their two daughters into the University of Southern California. Huffman is accused of paying $15,000 disguised as a tax-deductible charitable donation so her daughter could take part in an apparently rigged college entrance exam.

THE SOUNDBITE

A TUCKER APOLOGY - "Eskimo kisses aren’t rape. That used to be obvious. It’s not obvious anymore. And so we are sorry for helping to blur the distinction between human affection and coercive immoral behavior. The last thing this country needs is more people that think they are assaulted because a senior citizen hugs them wrong. So we apologize for adding to that nonsense and anti-human hysteria."–Tucker Carlson, in his opening monologue on "Tucker Carlson Tonight," reflecting on broader message of the allegations of inappropriate behavior with women with Joe Biden. (Click the image above to watch the full video.)

TODAY'S MUST-READS
Cal Thomas: Joe Biden suffers a political hit.
Howard Schultz: Federal debt is out of control, but no one is doing anything about it.
Samantha Bee knocks pro-life film 'Unplanned,' a surprise hit, as 'mostly made-up' propaganda.

MINDING YOUR BUSINESS
Trump’s Fed pick, Stephen Moore, promises to help Powell grow U.S. economy.
One U.S. drug company just hiked the price of generic Prozac by 568 percent.
Best places to live on $100K salary.

STAY TUNED

On Fox News:

Fox & Friends, 6 a.m. ET: Special guests include: Judge Andrew Napolitano, Fox News senior judicial analyst; Lawrence Jones, editor-in-chief of CampusReform.org and Fox News contributor, heads to the U.S-Mexico border in Texas; U.S. Rep. Chip Roy, R-Texas, on the battle over ObamaCare.

Your World with Neil Cavuto, 4 p.m. ET: Special guests include: Sen. Bill Cassidy, R-La.

Fox News Town Hall with Howard Schultz, 6:30 p.m. ET: Bret Baier and Martha MacCallum moderate a live town hall event in Kansas City with the former Starbucks chairman and CEO and potential 2020 presidential candidate.

On Fox Business:

Mornings with Maria, 6 a.m. ET: Special guests include: U.S. Rep. Matt Gaetz, R-Fla.; U.S. Rep. Jeff Van Drew, D-N.J.

Varney & Co., 9 a.m. ET: Sen. John N. Kennedy, R-La.

Countdown to the Closing Bell with Liz Claman, 3 p.m. ET: A very special interview with John Krafcik, CEO of Waymo as Liz Claman takes a ride in a self-driving vehicle.

Kennedy, 9 p.m. ET: guests include: Guy Benson, co-host of "Benson & Harf" and Fox News contributor; Shannon Bream, host of "Fox News @ Night"; Mattie Duppler, founder and president of Forward Strategies.

On Fox News Radio:

The Fox News Rundown podcast: "Howard Schultz Town Hall Preview" - In Part 2 of his interview with the podcast, Howard Schultz, former Starbucks chairman and CEO, looking past the critics as he explores a run for the White House. The Southeast Asian country of Brunei has implemented strict new Islamic laws that make gay sex and adultery punishable by death by stoning. Shahiran Shahrani, an openly gay man born and raised in Brunei but fled out of fear of persecution, tells his story. Plus, commentary by Judge Andrew Napolitano, Fox News senior judicial analyst.

Want the Fox News Rundown sent straight to your mobile device? Subscribe through Apple Podcasts, Google Play, and Stitcher.

The Brian Kilmeade Show, 9 a.m. ET: U.S. Sen. James Lankford, R-Okla., on the latest in the 2020 presidential race, the battle over health care and the subpoena over the Mueller report; Ken Starr, former Whitewater independent counsel, on opposition to the release of the Starr report in 1998 versus the controversy surrounding the Mueller report.

The Todd Starnes Show, Noon ET: Todd speaks with U.S. Rep. Paul Gosar, R-Ariz., about what President Trump needs to do at the U.S.-Mexico border.

#TheFlashback
1968: Martin Luther King Jr., 39, is shot and killed while standing on a balcony of the Lorraine Motel in Memphis, Tenn. Suspected gunman James Earl Ray later would plead guilty to assassinating King, but then spent the rest of his life claiming he'd been the victim of a setup.
1976: The film "All the President's Men," starring Robert Redford and Dustin Hoffman as Washington Post reporters Bob Woodward and Carl Bernstein, has its world premiere in Washington, D.C.
1983: The space shuttle Challenger roars into orbit on its maiden voyage.

Fox News First is compiled by Fox News' Bryan Robinson. Thank you for joining us! Have a good day! We'll see you in your inbox first thing Friday morning.

Source: Fox News National

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Club of Current, Former Trump Staffers Meets in Secret

A group called the 45 Club is comprised of current and former staffers for President Donald Trump, gathers in secret at Washington, D.C.-area establishments to socialize, and wears lapel pins made from a .45 shell casing.

Politico profiled the group, which was formed in 2017 after Trump took office. Attendance was once at more than 100 people per meetup, but interest has waned over the past two years, the report says.

Members of the club must be Trump administration appointees past or present, or former members of Trump's campaign, transition, or inaugural committees.

The group goes to great lengths to remain as secret as possible, which even includes not revealing the location of gatherings until someone confirms they will attend.

"In this political climate, there's a lot of people who would not have pure intentions of coming to network," a former Trump campaign staffer familiar with the club told Politico. "They may be trying to infiltrate."

The club was founded by three people: Nicholas Johns, Paul Gates, and Ryan O'Dwyer. The latter two worked on the Trump campaign, but Johns had no affiliation with Trump other than being a supporter and a worker at the 2016 Republican National Convention.

Trump's administration has been a revolving door of sorts, with several people either quitting or being forced out in the two-plus years Trump has been in office. The latest changes came at the Department of Homeland Security, which saw the resignation of Secretary Kirstjen Nielsen and the firing of Secret Service Director Randolph "Tex" Alles.

Source: NewsMax America

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Man convicted of murder at 13 pleads to exposure charge

A Detroit-area man convicted of murder at age 13 has pleaded guilty to an indecent exposure charge.

Thirty-three-year-old Nathaniel Abraham was sentenced last week to 30 days in jail, which he had already served. Last year, he was charged with resisting officers trying to arrest him on the exposure charge.

He was charged this year with several counts of possession with intent to deliver methamphetamine. Abraham remains jailed on those charges. Defense attorney James Galen said Friday that Abraham "was at best a street-level dealer" trying to make money for his son born a few months ago.

Abraham was 11 in 1997 when he was accused of fatally shooting a stranger in Pontiac. He was convicted in 1999.

Abraham was released in 2007, but pleaded guilty in 2008 in a drug case and was released from parole last year.

Source: Fox News National

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Trump Tweets He Has Not Read Mueller Report

President Donald Trump said on Saturday he had not read Special Counsel Robert Mueller's report investigating contacts between his 2016 campaign and Russia.

"I have not read the Mueller Report yet, even though I have every right to do so," Trump wrote on Twitter. "Only know the conclusions, and on the big one, No Collusion."

Source: NewsMax Politics

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U.S. sees Turkey’s Russian missile deal as national security problem for NATO

FILE PHOTO: Russian servicemen drive S-400 missile air defence systems during the Victory Day parade at the Red Square in Moscow
FILE PHOTO: Russian servicemen drive S-400 missile air defence systems during the Victory Day parade, marking the 73rd anniversary of the victory over Nazi Germany in World War Two, at Red Square in Moscow, Russia May 9, 2018. REUTERS/Sergei Karpukhin -/File Photo

March 14, 2019

By Steve Holland

WASHINGTON (Reuters) – Turkey’s pending purchase of the Russian S-400 missile defense system presents a national security problem for NATO, which would not be able to deploy F-35 aircraft alongside the Russian systems, senior U.S. officials said on Thursday.

The officials, who briefed a group of reporters on condition of anonymity, said Turkey’s purchase of the S-400 system was not tantamount to it withdrawing from NATO, but that Ankara’s purchase should be viewed as a national security issue, not a merely commercial decision.

“We are continuing to work on a range of options to ensure that Turkey’s participation in the NATO alliance and bilateral relationship can continue unabated and unimpinged,” one of the officials said.

“The gravity of the risk to the F-35 both to the United States and to NATO allies is such that the two systems cannot be co-located.”

NATO member Turkey has repeatedly said it is committed to buying the Russian missile defense system, despite warnings from the United States that the S-400s cannot be integrated into the NATO air defense system.

The U.S. State Department last week said Washington had told Turkey that if it buys the S-400 systems, the United States will have to reassess Ankara’s participation in the Lockheed Martin F-35 fighter program.

Washington has sought to persuade Turkey to instead purchase the American-made Patriot defense system, but Turkish President Tayyip Erdogan has said Ankara remains committed to the deal for the Russian S-400 surface-to-air missile defense system.

The senior U.S. officials said Washington’s offer to sell Patriots to Turkey continued and that the two sides remain in negotiations about it.

The Turkish government has already missed a “soft deadline” set by Washington to decide whether to buy a $3.5 billion Raytheon Co. Patriot missile shield system. The formal offer expires at the end of this month.

On Thursday, Erdogan repeated that it was not possible for Ankara to back out of the deal with Russia.

Turkey’s insistence on buying the Russian system risks triggering a fresh diplomatic crisis with Washington. If Ankara goes ahead with the Russian deal, Turkey also could face sanctions under a U.S. law known as Countering America’s Adversaries Through Sanctions Act.

The last diplomatic crisis between the two NATO allies contributed to driving the Turkish lira to a record low in August. Disputes over strategy in Syria, Iran sanctions and the detention of U.S. consular staff remain unresolved, and the issue of missile defense threatens to widen the rift again.

(Reporting By Steve Holland; Editing by Alistair Bell)

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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https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

Source: InfoWars

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