CHEYENNE, Wyo. (AP) — Four Rocky Mountain states will cooperate on developing ways to make the most abundant element in the universe, hydrogen, more available and useful as clean-burning fuel for cars, trucks and trains, the states’ governors announced Thursday. Colorado, New Mexico, Utah and Wyoming will plan a “hydrogen hub” to be built somewhere…
DETROIT (Reuters) – Rivian Automotive is “making progress” in the increase of production of electric vehicles at its Normal, Illinois, assembly plant, Chief Executive R.J. Scaringe said on Thursday. (Reporting by Ben Klayman in Detroit; Editing by Leslie Adler)
NEW YORK (Reuters) – The Institute of International Finance, the largest international banking group, said Thursday that U.S. sanctions on Russia “will have a significant impact” on its overall economy and would likely cause it to contract. “Average Russians will feel the (economic) cost” of new sanctions because they could trigger a run on banks…
DETROIT (AP) — A federal judge is refusing to get involved in a letter-writing spat between one of Tesla CEO Elon Musk’s lawyers and U.S. securities regulators, at least for now. In an order issued Thursday, District Judge Alison Nathan in Manhattan denied two requests from Musk attorney Alex Spiro and told him he could…
By Sinéad Carew NEW YORK (Reuters) – Stocks pared losses and the U.S. dollar and oil futures pared gains as U.S. President Joe Biden vowed steep sanctions against Russia for its Ukraine invasion and said the United States is working with oil producers to secure global energy supplies. Biden said that U.S. forces will not…
By Diane Bartz (Reuters) -The U.S. Justice Department on Thursday sued to stop UnitedHealth Group’s $8 billion acquisition of Change Healthcare, saying that the deal would give the largest U.S. health insurer access to its competitors’ data and ultimately push up healthcare costs. UnitedHealth announced the all-cash deal in January 2021, saying it would help…
By Howard Schneider and Jonnelle Marte (Reuters) -U.S. Federal Reserve officials on Thursday began taking stock of how the unfolding conflict in Ukraine might influence the economy and their planned shift to tighter monetary policy, with investors and some officials suggesting it could slow but likely not stop a planned round of interest rate increases….
By Tommy Wilkes and John McCrank LONDON/NEW YORK (Reuters) – Russian banks will be “totally” excluded from Britain’s financial system, Prime Minister Boris Johnson said on Thursday, as the UK unveiled the first set of tougher Western sanctions following Russia’s invasion of Ukraine. The measures target Russian banks, including the biggest, as well as members…
Federal regulators are suing to block UnitedHealth Group’s purchase of technology company Change Healthcare, a deal they fear will put too much health care claims information in the hands of one company. The U.S. Department of Justice said Thursday that the proposed deal would hurt competition and give UnitedHealth Group — which runs the nation’s…
By Carolyn Cohn LONDON (Reuters) – Global fund managers have been cutting back their Russian investments as they braced for the country’s invasion of Ukraine. Now hopes of any respite have also been dashed. The rouble weakened nearly 7% to historic lows and there were record 30% falls on the Moscow stock exchange after Russian…
