By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Tuesday considered a bid by three whistleblowers to revive lawsuits accusing pharmacy operators of pocketing millions of taxpayer dollars by knowingly overbilling government health insurance programs for prescription drugs. The justices heard arguments in an appeal by the whistleblowers of lower court rulings in favor…
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday will lay out the Biden administration’s principal objectives for the U.S.-China economic relationship in a speech in Washington, the Treasury said on Tuesday as tensions between the world’s two largest economies has thwarted high-level meetings. Yellen, who said last week she still hopes to visit…
By Andrea Shalal WASHINGTON (Reuters) -The White House on Tuesday said it is closely tracking developments in commercial real estate after recent strains in the banking sector, given that many smaller and mid-sized banks have “non-trivial” holdings in commercial real estate. Jared Bernstein, a member of the White House Council of Economic Advisers (CEA), told…
WASHINGTON (Reuters) – Health and Human Services Secretary Xavier Becerra violated the Hatch Act by expressing support for Democratic Senator Alex Padilla’s re-election at a public event last year, a U.S. government watchdog said on Tuesday. The U.S. Office of Special Counsel report cited Becerra’s comments that he intended to vote for Padilla while speaking…
By Niket Nishant and Nupur Anand (Reuters) -Goldman Sachs Group Inc’s profit fell 19% as dealmaking and bond trading slumped in the first quarter and it lost money on the sale of some assets in its consumer business. Investment banking activity remains extremely muted, and while there are some green shoots emerging, clients remain cautious,…
By Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court justices on Tuesday appeared ready to bolster the ability of employees to obtain accommodations at work for their religious practices in a case involving an evangelical Christian former mail carrier’s claim of discrimination against the U.S. Postal Service. The nine justices heard oral arguments in an appeal…
WASHINGTON (Reuters) – The U.S. Justice Department on Tuesday said it had reached a settlement with General Motors Co to resolve the department’s determination that the American automaker discriminated against non-U.S. citizens. Under the terms of the agreement, the company will pay $365,000 in civil penalties to the United States, the Justice Department said in…
By Noel Randewich (Reuters) – Nvidia’s stock jumped to its highest in a year on Tuesday, extending a recent rebound after HSBC flipped its recommendation on the graphics chipmaker to “buy” from “reduce,” pointing to opportunities in artificial intelligence. HSBC Head of Technology Research Frank Lee had been the only one among 48 analysts covering…
By Michael Martina WASHINGTON (Reuters) – China is increasing its Antarctic footprint according to new satellite imagery collected by a Washington-based think tank that shows construction has resumed for the first time since 2018 on the country’s fifth station in the southern polar region. Beijing has sought to develop new shipping routes in the Arctic…
By Hilary Russ NEW YORK (Reuters) – Burger King is banking on its viral “Whopper Whopper” jingle to lift sales as part of the flagging fast-food chain’s turnaround plan, as broader economic uncertainty pushed two big franchisees into bankruptcy. The ad, which aired incessantly during National Football League playoffs in January, has drawn younger customers…
