WASHINGTON (Reuters) – The Biden administration is confident it will succeed in the courts against Merck & Co’s lawsuit filed on Tuesday, the White House said, defending the Medicare health insurance program’s authority to seek deals on medicine prices. “We are confident we will succeed in the courts: there is nothing in the Constitution that…
By David Shepardson WASHINGTON (Reuters) – Amtrak CEO Stephen Gardner said on Tuesday the U.S. passenger railroad expects traffic to get back to pre-pandemic levels even as it projects about $800 million in losses for the current budget year. Gardner told a U.S. House subcommittee that ridership in the seven months ending April 30 was…
By David Shepardson WASHINGTON (Reuters) – Amtrak CEO Stephen Gardner said on Tuesday the U.S. passenger railroad expects traffic to get back to pre-pandemic levels even as it projects about $800 million in losses for the current budget year. Gardner told a U.S. House subcommittee that ridership in the seven months ending April 30 was…
By Brad Brooks (Reuters) – Atlanta’s city council on Tuesday approved funding for a new law enforcement training center that protesters have fought for years due to concerns about heavy-handed policing and the environment, at times engaging in deadly clashes with police. The city council approved building the $90 million Atlanta Public Safety Training Center…
By Viktoriia Lakezina KHERSON, Ukraine (Reuters) – Hundreds of people were evacuated from settlements along the southern stretch of Ukraine’s Dnipro river on Tuesday after water burst through the breached Nova Kakhovka dam, submerging streets, homes and town squares further downstream. The collapse of the barrier at the southern tip of the vast Kakhovka reservoir…
(Reuters) – Top U.S. regulators on Tuesday issued final guidelines to help banks manage risks associated with their relationships with third-parties like fintechs and cloud-computing firms, according to a joint statement on Tuesday. The guidance came from the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency….
By Sarah Meyssonnier and Layli Foroudi PARIS (Reuters) -French anti-pension reform protesters stormed the headquarters of the Paris 2024 Olympic Games on Tuesday as trade unions made a last-gasp attempt to pressure lawmakers into reversing President Emmanuel Macron’s raising of the retirement age. BFM TV broadcast images of several dozen hard-left CGT trade union militants…
WASHINGTON (Reuters) -The United States learned of a Ukrainian plan to attack the Nord Stream natural gas pipelines three months before they were damaged last September by underwater explosions, The Washington Post reported on Tuesday, citing leaked information posted online. The CIA learned last June, through a European spy agency, that a six-person team of…
By Davide Barbuscia NEW YORK (Reuters) – PIMCO said on Tuesday that this year’s banking turmoil has created opportunities for the U.S. bond giant to expand in areas which were previously the domain of regional banks. After three of the largest bank failures in U.S. history earlier this year, as well as the collapse of…
By Marc Jones and Koh Gui Qing LONDON/NEW YORK (Reuters) – World shares edged higher on Tuesday as investors mulled whether a recent rally in stocks has legs to run further, while Treasury yields drifted higher as traders pared bets that U.S. rate cuts are on the horizon given sticky price pressures. Wall Street, where…
