By Michael Erman NEW YORK (Reuters) -Merck & Co sued the U.S. government on Tuesday, seeking to halt the Medicare drug price negotiation program contained in the Inflation Reduction Act (IRA), which it argues violates the Fifth and First Amendments to the U.S. Constitution. This is the first attempt by a drugmaker to challenge the…
By Brendan Pierson (Reuters) – The U.S. government cannot ban people convicted of non-violent crimes from possessing guns, a federal appeals court ruled on Tuesday. The 11-4 ruling from the Philadelphia-based 3rd U.S. Circuit Court of Appeals is the latest defeat for gun control laws in the wake of a U.S. Supreme Court ruling last…
(Reuters) – Reddit said on Tuesday it is laying off about 5% of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America. Tech companies including Meta Platforms have been slashing jobs after aggressively hiring during the pandemic, as the industry braces for an economic downturn….
By Susan Heavey and Kanishka Singh WASHINGTON (Reuters) -Texas billionaire Harlan Crow’s lawyer has offered to meet with Senate Judiciary Committee staff to discuss the businessman’s ties to conservative U.S. Supreme Court Justice Clarence Thomas, but Democratic senators on Tuesday said the Republican donor was refusing to cooperate with legitimate requests for information. Revelations in…
By Kanishka Singh WASHINGTON (Reuters) – The U.S. Department of Justice secured a settlement in its environmental justice investigation into Houston’s response to illegal dumping in Black and Latino neighborhoods, the department and the city of Houston said separately on Tuesday. The agreement builds on a plan to develop improved waste management services for residents…
By Jonathan Stempel NEW YORK (Reuters) – A New York appeals court on Tuesday signaled it was unlikely to grant Donald Trump’s request to dismiss state Attorney General Letitia James’ civil lawsuit accusing him, his family business and three of his children of a “staggering” fraud. The Appellate Division in Manhattan was considering Trump’s appeal…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Beneficient is set to go public this week with a blank-check vehicle in a deal valuing the financial services firm at about $3.3 billion, a source familiar with the matter said on Tuesday. Last year, Beneficient announced plans to go public via a merger with Avalon Acquisition Company….
By David Brunnstrom and Michael Martina WASHINGTON (Reuters) -President Joe Biden’s top official for the Indo-Pacific region said on Tuesday he hoped a visit this month by Indian Prime Minister Narendra Modi “consecrates” the relationship with India as the most important for the U.S. in the world. The official, Kurt Campbell, told the Hudson Institute…
DAKAR (Reuters) -Senegal has temporarily closed its consulates abroad following attacks on diplomatic missions in Bordeaux, Milan, Paris and New York among others, the foreign affairs ministry said on Tuesday. The closures were announced in the wake of deadly unrest that broke out after a leading opposition figure, Ousmane Sonko, was handed a two-year jail…
By Valerie Insinna and David Shepardson WASHINGTON (Reuters) -Boeing said on Tuesday it is slowing deliveries of its 787 Dreamliner after the company discovered a new production flaw, but expressed optimism that it can still deliver 70-80 of the widebody jets this year as planned. The problem, which does not pose a flight safety concern,…