WASHINGTON (Reuters) -U.S. President Joe Biden has nominated Virginia Solicitor General Andrew Ferguson and Utah Solicitor General Melissa Holyoak to fill Republican slots at the Federal Trade Commission, the White House said on Monday. If confirmed by the Senate, the two Republicans will not change the balance of power at the FTC, which enforces antitrust…
By Jonathan Stempel (Reuters) – Wrigley, the maker of multi-colored fruit-flavored Skittles candies, has settled a lawsuit accusing a seller of cannabis-related merchandise of trademark infringement for marketing products under the “ZKITTLEZ” name. Under a proposed permanent injunction filed on Monday in Chicago federal court, Terphogz LLC agreed not to use Skittles, Zkittlez or similar…
(Reuters) – Mondelez International’s subsidiary has voluntarily recalled two varieties of belVita Breakfast Sandwich biscuits in the U.S. over possible undeclared peanut in the products. Mondelez Global LLC said on Monday that these products sold at retail stores nationwide may contain undeclared peanut resulting from cross-contact on its single manufacturing line. However, no other belVita…
By Huw Jones LONDON (Reuters) – The use of four dollar-denominated alternatives to the now scrapped Libor interest rate need restrictions to avoid threatening financial stability, a global securities watchdog said on Monday. IOSCO, a global securities watchdog group that includes the U.S. Securities and Exchange Commission as a member, said a review has identified…
BERLIN (Reuters) – Ukraine’s President Volodymyr Zelenskiy and German Chancellor Olaf Scholz called on Monday for the extension of a deal allowing the safe export of grain and fertilizers from three Ukrainian Black Sea ports, an official said. The two made the call during a phone conversation, Scholz’s spokesperson said. Zelenskiy, in his nightly video…
By Daniel Trotta and Brendan Pierson (Reuters) – In state after state, conservative lawmakers this year have banned medical procedures for transgender youth. Now, a growing number of federal judges are blocking those laws from taking effect. U.S. district court judges have halted such laws in six states – Alabama, Arkansas, Florida, Indiana, Kentucky and…
By Aditya Soni (Reuters) -Tesla shares jumped about 7% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk’s plan of boosting volumes through discounts was working. The day’s gains lifted the top U.S. electric-vehicle manufacturer’s market capitalization by around $57 billion to $887 billion. At $277, the stock has already more than…
By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended with slim gains in a holiday-shortened session on Monday, helped by a surge in Tesla and strength in bank shares as the second half of the year kicked off on a subdued note. Tesla shares jumped 6.9% as…
(Reuters) – Nasdaq refiled an application with the U.S. securities regulator to list an exchange-traded fund by BlackRock Inc that will reflect the price of bitcoin to add additional details, according to a filing made public on Monday. The refreshed filing, submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday, said that Coinbase…
By Ali Sawafta JENIN, West Bank (Reuters) -Israeli forces hit the city of Jenin with drone strikes on Monday in one of the biggest West Bank operations in 20 years, killing at least eight Palestinians and involving hundreds of troops in sporadic gun battles that continued into the evening. Gunfire and explosions were heard throughout…
