By Ahmed Aboulenein and Susan Heavey WASHINGTON (Reuters) -Abbott Laboratories and the U.S. Food and Drug Administration are on track to reopen Abbott’s baby formula manufacturing plant in Sturgis, Michigan, within one or two weeks, FDA Commissioner Robert Califf said on Thursday. Abbott, the biggest U.S. supplier of powder infant formula, including Similac, on Monday…
NEW YORK (AP) — The federal government is investing in machines that suck giant amounts of carbon dioxide out of the air in the hopes of reducing damage from climate change. The Department of Energy said Thursday it will release $3.5 billion to groups developing direct air capture and other technologies that remove carbon dioxide,…
By David Ljunggren and Steve Scherer OTTAWA (Reuters) -Canada on Thursday said it plans to ban the use of China’s Huawei Technologies Co Ltd and ZTE Corp 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharing network. “We intend to exclude Huawei and ZTE from our 5G networks,” Industry…
By Herbert Lash NEW YORK (Reuters) – Global equities fell further on Thursday, unable to sustain a late rally on Wall Street, as investors dumped stocks on fears of sluggish growth and bought safe-haven assets such as government debt and the Swiss franc. Supply chain woes continued to fuel inflation and growth concerns as Cisco…
TORONTO (AP) — Wireless carriers in Canada won’t be allowed to install Huawei equipment in their high-speed 5G networks, the Canadian government said Thursday, joining allies in banning the giant Chinese technology company. Canada had been the only member of the Five Eyes intelligence-pooling alliance not to bar or restrict use of equipment from Huawei…
By Sabrina Valle (Reuters) -Exxon Mobil Corp on Thursday said it signed a deal to sell North Texas natural gas properties to producer BKV Corp for $750 million, as part of a wider move to shed unwanted assets. Exxon, the top U.S. oil producer, set a goal three years ago to sell by last December…
WASHINGTON (Reuters) -The Federal Reserve is not targeting equity markets in its battle against inflation, but that is “one of the avenues” where the impact of tighter monetary policy will be felt, Kansas City Fed President Esther George said on Thursday. “What we are looking for is the transmission of our policy through markets’ understanding…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped across the board on Thursday, falling to a 2-week low, extending its pullback from a two-decade high, as most major currencies battered by the greenback’s advance this year drew buyers. With volatility on the rise in global financial markets, the dollar logged sharp declines against…
(Reuters) – ExxonMobil Corp said on Thursday it had signed a deal to sell its Barnett Shale assets to units of BKV Corp for $750 million. (Reporting by Ruhi Soni in Bengaluru; Editing by Maju Samuel)
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Leo KoGuan, a major individual investor in Tesla, on Thursday called on the electric carmaker to buy back shares, after Tesla stocks took a hit from CEO Elon Musk’s deal to buy Twitter. The comments came as high-profile Tesla bull Daniel Ives, an analyst at Wedbush, on Thursday…
