SAN FRANCISCO (Reuters) – Nikola adjourned its shareholder meeting on Wednesday after failing to garner enough support for a proposal to increase the number of shares the electric truck maker is allowed to issue, delaying its prospects of raising much-needed capital. Nikola has been urging shareholder for weeks to vote in favor of the so-called…
By Brendan Pierson (Reuters) – Teva Pharmaceutical Industries on Wednesday agreed to pay Nevada $193 million to settle claims that its marketing practices fueled opioid addiction, the state announced. Nevada was one of two states, along with New Mexico, that did not join a $4.35 billion nationwide settlement with the Israel-based drugmaker last year. New…
By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) -Big U.S. hedge fund and family office investors on Wednesday cautioned that despite the U.S. economy showing resilience, a recession and more bank failures remained likely in an environment of persistent inflation. U.S. investor Stanley Druckenmiller, chairman and chief executive officer at Duquesne Family Office, said…
By Samuel Indyk and Koh Gui Qing LONDON (Reuters) -Global stocks retreated from a 13-month high on Wednesday and the U.S. dollar drifted lower as attention turned towards next week’s pivotal inflation data and Federal Reserve meeting, where chances of a rate hike continued to ebb. On Wall Street, stocks ceded earlier gains, with the…
By Nancy Lapid (Reuters) – The northeastern United States is blanketed under a pungent haze caused by smoke carried down from wildfires burning in Canada that contains a host of noxious gases and particulate matter that carry serious health risks. Here is what you need to know about the risks of the lingering smoke that…
By Matt Spetalnick and Patricia Zengerle WASHINGTON (Reuters) – Senior U.S. policy makers took aim at China on Wednesday over its approach to Latin America, accusing Beijing of breaching economic norms and urging it to do more to help combat the illegal fentanyl trade. Testifying before a House of Representatives subcommittee, Brian Nichols, assistant secretary…
By Valerie Insinna and David Shepardson WASHINGTON (Reuters) -Boeing said on Tuesday it could be forced to slow deliveries of its 787 Dreamliner after the company discovered a new production flaw that will require it to inspect all 90 jets in its inventory, the latest in a series of setbacks for the widebody plane. While…
LONDON (Reuters) -Britain has committed to the removal of Chinese-made surveillance equipment from sensitive government sites as part of its latest plans to address national security concerns related to China. Under Prime Minister Rishi Sunak, who has cast China as the world’s greatest challenge to security and prosperity, the government told its departments last year…
By Daniel Wiessner (Reuters) – New York City filed a lawsuit on Wednesday accusing more than 30 New York counties of violating state law by moving to block the city from relocating hundreds of migrants. The lawsuit filed in state court in Manhattan says the counties, which stretch from the city’s northern suburbs to Niagara…
WASHINGTON (Reuters) – President Joe Biden is nominating former Florida Governor Charlie Crist to serve as U.S ambassador to the International Civil Aviation Organization (ICAO), the White House said on Wednesday. Crist, a former House lawmaker who lost an election in November to Florida Governor Ron DeSantis in a bid to return to his old…
