U.S. announces plan to buy 3 million barrels for emergency oil reserve
(Reuters) -The U.S. Department of Energy said on Monday it will purchase 3 million barrels of crude oil for the…
May 15, 2023
Food aid cuts still ‘red line’ in debt ceiling talks, says Senate farm committee chair
By Leah Douglas WASHINGTON (Reuters) – Expanding work requirements for the largest U.S. food assistance program is still a “red…
Natera wins $19 million US verdict from ArcherDX in cancer-detection patent case
By Blake Brittain (Reuters) – Genetic testing company Natera Inc convinced a Delaware federal jury on Monday to award it…
US charges ex-Army employee at South Korean facility with bribery, fraud
NEW YORK (Reuters) – A former civilian employee at a U.S. Army facility in South Korea has been arrested on…
Macron courts Tesla’s Musk and others to ‘Choose France’
By Michel Rose and Tassilo Hummel PARIS (Reuters) -President Emmanuel Macron met Tesla’s CEO Elon Musk, the boss of Pfizer…
AI in Washington’s crosshairs but consensus far from certain
By Diane Bartz and Jeffrey Dastin WASHINGTON (Reuters) -U.S. lawmakers are grappling with what guardrails to put around burgeoning artificial…
GM recalls 42,000 vehicles in Canada for air bag defect
By David Shepardson WASHINGTON (Reuters) -General Motors said on Monday it will recall 42,000 sport utility vehicles in Canada from…
Exxon settles Indonesia torture case that led to SEC official’s ouster
By Andrew Goudsward (Reuters) – Exxon Mobil Corp on Monday settled a long-running human rights lawsuit with villagers who claimed…
New York Fed finds big slowdown in new mortgage creation in first quarter
By Michael S. Derby NEW YORK (Reuters) -Americans’ appetite for taking on new mortgages slowed substantially during the first quarter,…
Former Silicon Valley Bank CEO Says Rate Hikes, Withdrawals Sank Firm
By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) -Greg Becker, former CEO of failed lender Silicon Valley Bank, apologized in…