By Gilles Guillaume and Elizabeth Pineau PARIS (Reuters) -France beat competition from Germany and the Netherlands for ProLogium’s first overseas car battery plant thanks to lobbying from President Emmanuel Macron, deal sweeteners and competitive power prices, executives from the Taiwanese company said. After narrowing a list of countries from 13 to three, ProLogium said it…
(Reuters) -The U.S. Food and Drug Administration (FDA) on Friday issued marketing denial orders to 10 companies which collectively manufacture and market about 6,500 flavored e-liquid and e-cigarette products. The health regulator said these companies cannot market or distribute the products in the U.S. and retailers who sell them risk FDA enforcement action. Any company…
By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) demanded the recall of 67 million air bag inflators because it believes there is a safety defect, but auto supplier ARC Automotive Inc rejected the U.S. regulator’s request, documents released on Friday show. The auto safety agency said the inflators pose an unreasonable…
By Daina Beth Solomon CIUDAD JUAREZ, Mexico (Reuters) – Oriana Silva, a 30-year-old Venezuelan mother of two, was so determined to make it to the United States that she entered illegally and was expelled back to Mexico five times in seven months. Now, she is trying another way she hopes will be easier: the U.S….
By David Randall NEW YORK (Reuters) – Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla Inc and Rivian Automotive in the first quarter, and added Netflix Inc shares, filings released Friday showed. Soros purchased shares of Tesla and electric truck startup Rivian in 2022 and…
By Trevor Hunnicutt WASHINGTON (Reuters) – Leaders of the Group of Seven (G7) countries are set to issue a statement of concern about China’s use of “economic coercion” in its dealings abroad when they gather next week, according to a U.S. official familiar with the discussions. The statement, a likely component of the overall communique…
(This May 11 story has been corrected to change some wording in the quote by Dr. Mafi in paragraph 15) By Deena Beasley (Reuters) – Wide coverage of Alzheimer’s drug Leqembi would raise future costs for the U.S. Medicare health plan by $2 billion to $5 billion a year, according to a study led by…
By Andrea Shalal NIIGATA, Japan (Reuters) -The risk of a U.S. payments default is adding to problems facing a slowing global economy, with rising interest rates and high debt levels already choking back investments needed to fuel greater output, World Bank President David Malpass said on Friday. Group of Seven (G7) finance officials meeting in…
By David Shepardson WASHINGTON (Reuters) -General Motors said on Friday it will recall nearly 1 million sport utility vehicles in the United States because the driver’s air-bag inflator may explode during deployment. The recall covers 994,763 Buick Enclave, Chevrolet Traverse, and GMC Acadia vehicles from the 2014 through 2017 model years with modules produced by…
(Reuters) -Proxy advisory firm Institutional Shareholder Services (ISS) on Friday backed only one of Carl Icahn’s three nominees to Illumina Inc’s board, saying that the activist investor’s push to remove the company’s CEO was too disruptive. ISS backed Icahn’s candidate Andrew Teno and said he could be an adequate replacement for Illumina Chairman John Thompson,…
