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  • NEW YORK, May 7- New therapies that clinical data show can eliminate blood cancers such as leukemia and lymphoma in 40 percent to 90 percent of patients may have to be genetically modified to include a switch that shields healthy cells from attack. The therapies could generate tens of billions of dollars in annual sales for drugmakers including Kite Pharma and...

  • NEW YORK, May 6- Drugmakers are building safety "switches" that can be used to turn off powerful cancer therapies known as CAR T cells when they cause life-threatening inflammation or attack healthy tissue. *Bellicum Pharmaceuticals Inc has developed a "switch" by genetically programming a CAR T cell to kill itself when exposed to a drug called rimiducid,...

  • *Rio defies critics of its China steel demand forecast. "With iron ore now trading around $60 a tonne delivered into China, we have more to do to ensure that we maintain the margin between ourselves and other producers," Chief Executive Sam Walsh said at the global miner's Australian annual meeting. Rio Tinto and rivals Vale and BHP have ramped up output over the past...

  • *Morgan Stanley downgrades China stocks for first time in 7.5 yrs. SHANGHAI, May 7- China stocks went into the mid-session on Thursday on course for a fall for a third straight day, as fears of fresh moves by regulators to reduce leverage in stock trading dampened risk appetite. Hong Kong stocks followed mainland markets lower, as Morgan Stanley- usually bullish on...

  • *Gold extends losses to second session. SINGAPORE, May 7- Gold extended losses into a second session on Thursday as higher bond yields dented the investment appeal of the metal, while uncertainty over the timing of a U.S. rate hike also weighed. Spot gold fell 0.4 percent to $1,186.95 an ounce by 0416 GMT, after losing 0.1 percent in the previous session, holding below...

  • China's yuan falls despite stronger midpoint fixing Thursday, 7 May 2015 | 12:30 AM ET

    HONG KONG, May 7- China's yuan fell against the dollar on Thursday, though the central bank set a stronger midpoint after the dollar retreated to near its lowest levels in more than two months. The People's Bank of China set the midpoint rate at 6.1113 per dollar prior to market open, firmer than the previous fix of 6.1156. The spot market opened at 6.2002 per dollar...

  • NEW YORK, May 7- Johnson& Johnson will become the first pharmaceutical company to formally seek advice from outside medical ethicists on "compassionate use" requests, in which desperate patients ask drugmakers to let them take an experimental medication, the company announced on Thursday. In 2013, doctors treating a 7- year-old with a potentially-fatal...

  • NEW YORK, May 7- With university tuition and student debt at record highs, many people wonder if it is worth it to go to college. But according to Georgetown University professor Anthony Carnevale, the truly important issue that will affect a student's future is picking a major. In fact, the spread between the highest-earning and the lowest-earning major and is a...

  • *OPEC will not cut output alone- Gulf delegate. SINGAPORE, May 7- Oil prices fell on Thursday after hitting 2015 highs in the previous session as an OPEC delegate indicated the group would stick to its strategy of pursuing market share rather than cutting output and traders took profit from a multi-week rally. U.S. crude stocks fell 3.9 million barrels last week, the...

  • TOKYO— Asian economies will lead world growth in 2015, expanding at a 5.6 percent pace that is level with last year, as recoveries in India and Japan help to offset the slowdown in China, the IMF said in a report Thursday. On a broader scale, the IMF report said its estimates show lower oil prices could help boost global growth by 0.3 percentage points to 0.7...

  • *Asia stocks broadly lower, take lead from weaker Wall Street. TOKYO, May 7- Asian stocks fell on Thursday, taking the lead from losses on Wall Street, while a rise in euro zone debt yields amid a global bond rout kept the euro hovering at a two-month peak versus the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1 percent as China, Hong Kong,...

  • TOKYO, May 7- Japan's Nikkei share average fell to a one-month low on Thursday as a worldwide drop in government bond prices spread unease to Japanese stocks during this week's national holidays, compounded by a sell-off on Wall Street. Markets were closed in Japan from Monday to Wednesday for the Golden Week holidays. "Hedge funds are unwinding their positions...

  • *Shanghai lead falls 2 pct amid China pollution concerns. MELBOURNE, May 7- London copper was little changed on Thursday, not far from recent five-month peaks, as a weaker dollar and hopes for further economic easing by top metals user China offset concerns about faltering demand growth in the world's top two economies. "Certainly this decline in the dollar index...

  • Rio Tinto unshakeable in drive for more iron ore Wednesday, 6 May 2015 | 10:25 PM ET

    PERTH, May 7- Rio Tinto said on Thursday it would continue producing iron ore at full tilt, despite a 55 percent plunge in prices since the start of last year, even as rivals BHP Billiton and Brazil's Vale lightly tap the brakes. "With iron ore now trading around $60 a tonne delivered into China, we have more to do to ensure that we maintain the margin between ourselves...

  • May 6- New York Governor Andrew Cuomo said on Wednesday he would create a so-called Wage Board, a move apparently designed to allow him to raise the minimum wage without the approval of state lawmakers. Cuomo in his January budget recommended raising the minimum wage to $11.50 an hour in New York City and $10.50 elsewhere in the state, only to see that proposal...

  • Brazil lower house passes key fiscal adjustment measure Wednesday, 6 May 2015 | 10:10 PM ET

    BRASILIA, May 6- A measure that reduces the cost of social welfare benefits narrowly cleared the lower chamber of Brazil's Congress on Wednesday night in a tense victory for President Dilma Rousseff's efforts to cut a fiscal deficit and restore investor confidence. Lawmakers voted 252-227 to pass the bill that toughens conditions for jobless Brazilians to...

  • WILLISTON, N.D., May 6- A BNSF train that derailed in central North Dakota on Wednesday was carrying railcars owned by Hess Corp, 10 of which caught fire and forced the evacuation of a nearby town, the oil producer told Reuters late Wednesday. Hess, the third-largest North Dakota oil producer, said BNSF is leading cleanup efforts but added it stands ready to assist.

  • PYEONGTAEK, South Korea, May 7- Samsung Electronics Co Ltd said on Thursday its new $14 billion South Korean chip plant, which is expected to help drive growth as smartphone earnings slow, will start production sometime in the first half of 2017.. The world's No.2 chip maker by revenue did not specify what products will be made at the new production line, which will...

  • EXCLUSIVE-HESS CORP TELLS REUTERS BNSF DERAILMENT NEAR HEIMDAL, N.D., ON MAY 6 WAS CARRYING HESS-OWNED RAILCARS.

  • HESS CORP SAYS BNSF TAKING LEAD ON ACCIDENT REMEDIATION; SAYS READY TO ASSIST.