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Ohio man, 20, arrested for attacking teen for allegedly raping 5-year-old: police

An Ohio man was arrested last week for attacking a teen he said was raping a 5-year-old, police said.

Richard Adams, 20, walked into a room of his Eastlake, Ohio, home last Thursday and said he saw a 17-year-old raping a 5-year-old boy, WEWS reported.

“I kinda blacked out,” Adams told Cleveland's Fox 8. “I saw a 17-year-old molesting a 5-year-old. I wanted to help the young boy and that was all I was thinking about was getting it stopped.”

FLORIDA MAN CHARGED WITH SEXUAL BATTERY ON UNDERAGE GIRL HE ALLEGEDLY LURED AFTER CLAIMING TO BE 'INSTAGRAM FAMOUS'

Both the teen and Adams were arrested – the teen for rape, and Adams for felony assault, police said.

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Adams’ relationship to the 17-year-old -- whose identity was not released -- was not immediately clear. Adams posted bond and is due in court next month, Fox 8 reported.

Source: Fox News National

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IMF forecast: Global growth will weaken this year to 3.3%

The International Monetary Fund is downgrading its outlook for growth in the United States, Europe, Japan and the overall global economy and points to heightened trade tensions as a key reason.

The IMF expects the world economy to grow 3.3% this year, down from 3.6% in 2018. That would match 2016 for the weakest year since 2009. In its previous forecast in January, the IMF had predicted that international growth would reach 3.5% this year.

For the United States, IMF economists downgraded their growth forecast for this year to 2.3% from 2.9% in 2018.

The IMF's World Economic Outlook comes on the eve of meetings in Washington this week of the fund and its sister lending organization, the World Bank.

In Europe, the IMF expects the 19 countries that use the euro currency to expand 1.3% collectively in 2019, weaker than last year's 1.8% growth or in any year since 2013.

Japan is expected to eke out 1% growth this year, up from 0.8% in 2018 but slightly down from the fund's earlier forecast.

The IMF foresees the Chinese economy growing 6.3% this year, down from 6.6% in 2018. But the fund's latest 2019 outlook was a slight upgrade from the 6.2% growth it had forecast for China in January.

China's prospects brightened, the fund said, after President Donald Trump decided to suspend a planned increase in tariffs on $200 billion worth of U.S.-bound Chinese exports.

Still, the fund is expressing worries about tensions between the world's two biggest economies, which have traded tariffs on hundreds of billions of dollars' worth of products in a fight over China's aggressive push to supplant American technological supremacy. The prospect of Britain's messy departure from the European Union also weighs on the global economy.

The IMF expects growth in world trade to drop to 3.4% this year — a sharp slowdown from the 4% it had expected in January and from 3.8% trade growth in 2018.

Source: Fox News National

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Daunting salvage task awaits Japanese F-35 investigators baffled by crash

A Japan Air Self-Defense Force's F-35A stealth fighter jet is seen at the Mitsubishi Heavy Industries Komaki Minami factory in Toyoyama, Japan
A Japan Air Self-Defense Force's F-35A stealth fighter jet, which Kyodo says is the same plane that crashed during an exercise on April 9, 2019, is seen at the Mitsubishi Heavy Industries Komaki Minami factory in Toyoyama, Aichi Prefecture, Japan, in this photo taken by Kyodo June 2017. Mandatory credit Kyodo/via REUTERS

April 11, 2019

By Tim Kelly

TOKYO (Reuters) – Two days after one of Japan’s F-35 stealth fighters plunged into the Pacific and no closer to finding out why it happened, investigators face a daunting task to recover what remains of the highly classified jet from the ocean depths.

Air Self Defense Force (ASDF) investigators have found small sections of the F-35’s wing floating in the sea which suggests the advanced aircraft hit the water, but not why it disappeared from radar screens without warning.

“We have not recovered anything that would point to a cause,” an air force official told Reuters as the search continues for the missing pilot.

The remaining wreckage of the $126 million fighter lies at a depth of around 1,500 meters (4922 ft), including the flight data recorder which would shed light on what happened off the coast of northern Japan on Wednesday evening.

Twenty-eight minutes after taking off with three other F-35s from Misawa air base in Aomori prefecture on a night training flight, the jet vanished from military radar at about 7:27 p.m. (1027 GMT), the ASDF said.

The normally stealthy Lockheed Martin jet is fitted with a transponder that pings its position and can be configured to light up on radar scopes during training flights, the air force official said.

Radar operators tracking the jet received a training abort message from the lost aircraft before it disappeared about 135 km (84 miles) east of the base. There was no communication from the pilot indicating a problem with the aircraft.

The plane was not on a low-level practice run, suggesting the veteran pilot with 3,200 hours of flying time but only 60 hours in the F-35, should have had time to react to an emergency, the air force official said.

DEEP WATER

The military may have to hire marine salvage firms with submersible craft able to recover wreckage from deep water. The candidates include Japan’s two biggest marine salvage firms.

Fukuda Salvage and Marine Works got its start a century ago recovering damaged warships during the Russo-Japanese war, while Nippon Salvage shares its corporate roots with Mitsubishi Heavy Industries, the company that assembled the lost F-35.

“The time needed to complete salvage operations depends on a lot of factors and … it’s impossible to say how long it would take to recover the F-35,” a Fukuda Salvage official said, adding it would take more than a few days.

The condition of the single-engine fighter, part of a 12 plane squadron that just became operational, will probably be the biggest factor in planning a salvage operation, an engineer at Nippon Salvage told Reuters.

“Intact it could be pulled up by a crane, but if it’s broken up then submersibles would have to collect the fragments,” he said. “The question is whether you want to collect all the pieces.”

Before that can start, however, Japan’s defense force has to find the wreckage of the highly-classified piece of U.S. military equipment.

(Reporting by Tim Kelly; editing by Darren Schuettler)

Source: OANN

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MLB notebook: Yankees RHP Severino out until May

FILE PHOTO: MLB: New York Yankees-Workouts
FILE PHOTO: Feb 17, 2019; Tampa, FL, USA; New York Yankees starting pitcher Luis Severino (40) pitches during spring training at George M. Steinbrenner Field. Mandatory Credit: Butch Dill-USA TODAY Sports

March 16, 2019

New York Yankees ace right-hander Luis Severino will miss at least the first full month of the season with rotator cuff inflammation, general manager Brian Cashman said Friday.

Severino, 25, has yet to throw in a spring training game and was scratched from his scheduled debut on March 5 because of discomfort in his pitching shoulder. An MRI diagnosed the problem.

The Yankees decided Severino (19-8, 3.39 ERA in 2018) wouldn’t throw for two weeks, but Cashman said the earliest the right-hander could return is May 1 because he needs to start from the beginning in his preseason program.

Cashman also updated the status of lefty CC Sabathia, who like Severino, will start the season on the injured list. The 38-year-old, who has announced his retirement effective at the end of the season, had offseason knee and heart surgeries, and Cashman said Sabathia likely will return to the active roster in April.

–Philadelphia Phillies outfielder Bryce Harper left Friday’s spring training game after being plunked on the right ankle by a 96-mph fastball from Toronto Blue Jays right-hander Trent Thornton.

But following the game, Phillies manager Gabe Kapler told reporters, “Right now we don’t have major concerns.” Kapler said the Phillies are labeling the injury a right foot contusion. Harper was sent for X-rays as a precaution, Kapler said.

Harper was batting with two outs in the bottom of the sixth inning at Spectrum Field in Clearwater, Fla., when he appeared to get hit flush on the ankle. He dropped to the ground, rolling in pain before limping off the field.

–A day after a rough landing while making a diving catch, Washington Nationals outfielder Michael A. Taylor had an MRI exam that revealed both a sprained left knee and a sprained left hip.

Taylor will miss “a significant amount of time,” according to manager Dave Martinez. A specific timetable for his return was not revealed.

Taylor, 27, batted just .227 with six home runs in 134 games last season, a year after he batted .271 with 19 home runs in 118 games. He is a career .239 hitter over parts of five seasons with the Nationals, including 47 home runs with 165 RBIs in 483 career games.

–Field Level Media

Source: OANN

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Trump to OPEC: 'Relax,' Oil Prices Already Too High

U.S. President Donald Trump on Monday expressed concern about oil prices and repeated his previous calls on the Organization of the Petroleum Exporting Countries (OPEC) to keep prices steady.

On Monday, oil prices edged up amid political uncertainty and sanctions and involuntary curbs on several producers but could face pressure from continued anxiety over the global economy and record U.S. exports.

"Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike - fragile!" Trump tweeted. The Trump administration has sanctioned crude from Iran and Venezuela.

OPEC members and non-OPEC producers such as Russia are leading efforts to rebalance the market and support oil prices.

Trump, who has made the U.S. economy one of his top issues, has repeatedly tweeted about oil prices and OPEC, airing complaints about higher prices, including ahead of the organizations meeting in December.

Source: NewsMax Politics

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Howard Schultz, at Fox News Town Hall: Trump will win re-election if Bernie Sanders gets Democrat nomination

Potential independent 2020 White House contender Howard Schultz took the stage in Kansas City, Missouri for a special “America’s Election HQ” Town Hall Thursday night, and predicted outright that President Trump will win re-election if Democrats nominate a self-described socialist like Bernie Sanders.

The Town Hall, co-hosted by Fox News' Bret Baier and Martha MacCallum, began as Schultz called former Vice President Joe Biden's behavior around women "concerning," but also charged that it was similarly "concerning" that the allegations had suddenly surfaced as he prepares to announce a presidential bid.

Earlier this week, members of Biden's inner circle signaled they were becoming increasingly convinced the Bernie Sanders' campaign was behind at least one of the explosive accusations of physical misconduct recently leveled against the former vice president -- and, in the words of one prominent backer, Biden is now "ready to kill Bernie."

"There's no reason for anyone to believe that these women are not telling the truth, but it's really up to the voters to decide whether Vice President Biden is qualified to run," Schultz said.

WHO IS BILLIONAIRE STARBUCKS MAN HOWARD SCHULTZ?

Asked by Baier if Schultz would ever vote for Biden, Schultz said simply that he would "vote for myself."

Schultz separately denied that he would play a "spoiler" in the race -- and suggested instead that someone like Sanders could unwittingly play that role.

FILE - In this Feb. 7, 2019, file photo, former Starbucks CEO Howard Schultz speaks at Purdue University in West Lafayette, Ind. A Florida woman is suing Schultz after she says she and others on the national do not call list got automated text messages promoting his book tour. Schultz is considering an independent bid for president and launched a tour in January for his latest book, "From the Ground Up." (AP Photo/Michael Conroy, File)

FILE - In this Feb. 7, 2019, file photo, former Starbucks CEO Howard Schultz speaks at Purdue University in West Lafayette, Ind. A Florida woman is suing Schultz after she says she and others on the national do not call list got automated text messages promoting his book tour. Schultz is considering an independent bid for president and launched a tour in January for his latest book, "From the Ground Up." (AP Photo/Michael Conroy, File)

On abortion, Schultz said to applause, "In my view, there should be no abortion that is in the last trimester. Abortion should be safe, legal, and rare."

On immigration, Schultz decried partisanship on the issue, calling the situation a "crisis that can be solved."

"Given what's happening in our southern border ... it's a question of humanity and legal immigration," Schultz said. "I don't know how many people are aware in this audience, but President Bush 43 and Obama, both, while they were president, submitted to Congress an immigration bill. In both cases, the opposition took that bill, rejected it, and would not pass it."

Schultz said those bills, today, would be indistinguishable as Republican or Democrat-sponsored bills, and said they failed simply because of political obstruction.

"That is the problem that existed then, and that is the problem that exists now. I can promise you that Nancy Pelosi will not, under any circumstances, give President Trump a victory on immigration."

"What I saw, in my mind, is a fracturing of American values, and a fracturing of humanity."

Schultz's appearance on Fox News comes weeks after the Democratic National Committee (DNC) excluded the network from hosting a Democrat primary debate. The DNC has since said it has no problems with Sanders appearing on Fox News.

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Schultz similarly bucked Democrats with his decision to attend the annual American Israel Public Affairs Committee (AIPAC) conference in Washington on Monday, which came as Democrats have been grappling with the left's criticism of Israel and as most presidential candidates are sitting this year's conference out.

Prominent Democrats, including Minnesota Rep. Ilhan Omar and Michigan Rep. Rashida Tlaib, have come under fire from several commentators for making purportedly anti-Semitic remarks -- with Omar suffering repeated rebukes from her own party.

On Friday, Schultz responded to a tweet from the liberal advocacy group MoveOn, which has been urging Democratic presidential candidates not to attend. He said that the "unwillingness of the far left to even speak with people they may disagree with is one of the worst symbols of the dysfunction in Washington today."

Source: Fox News Politics

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Louisiana man charged with 100 counts of first-degree rape

A 71-year-old Louisiana man has been charged with 100 counts of first-degree rape over allegations of criminal sexual conduct involving minors.

The Rapides Parish Sheriff's Office tells news outlets that the earliest allegations against Harvey Joseph Fountain date back to the 1970s.

The sheriff's office says deputies received a tip on April 1 that Fountain was sexually involved with juveniles. Deputies say an investigation found evidence supporting the allegations and Fountain was arrested on 50 counts of first-degree rape on April 9. Days later, additional victims were identified -- the sheriff's office isn't saying how many -- and the still-jailed Fountain was charged with an additional 50 counts of first-degree rape.

Deputies say the investigation is ongoing and more arrests are possible. It's unclear if Fountain has a lawyer.

Source: Fox News National

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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)

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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

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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