By David Shepardson WASHINGTON (Reuters) – The U.S. Senate voted 50-48 to overturn President Joe Biden’s decision to waive some “Buy America” requirements for government-funded electric vehicle charging stations but the White House said he would veto the measure. The White House argued the Republican bill would eliminate entirely the domestic manufacturing requirement for government-funded…
By Divya Rajagopal TORONTO (Reuters) – A handful of Canadian, German and Australian critical mineral explorers plan to command premium prices for key metals used in electric vehicles, promising quality and consistency in exchange for shifting reliance away from China, the dominant producer and price-setter. China controls 95% of the production and supply of rare…
By Jody Godoy (Reuters) – Target asked a Florida judge to dismiss a shareholder lawsuit that alleged the retailer ignored risks of offering LGBTQ-themed merchandise for Pride Month, saying the case has no basis. The U.S. retailer said in court papers filed Tuesday that investor Brian Craig merely disagrees with Target’s business decisions, and has…
By Aatrayee Chatterjee and Ananya Mariam Rajesh (Reuters) -Under Armour on Wednesday raised its annual gross margin expectations as the sportswear maker benefits from abating cost pressures even as it struggles with tepid demand in its biggest market of North America. The company’s shares, down about 29% so far this year, were last up 5%…
