By Alexandra Alper and Michael Martina WASHINGTON (Reuters) -The Biden administration on Thursday removed the Chinese Ministry of Public Security’s Institute of Forensic Science from a trade sanction list, part of a bid to convince Beijing to do more to halt the flow of the synthetic opioid fentanyl into the United States. Washington put the…
By Joey Roulette (Reuters) -The U.S. Federal Aviation Administration on Wednesday granted Elon Musk’s SpaceX a license to launch the company’s second test flight of its next-generation Starship and heavy-lift rocket from Texas, the agency said. SpaceX said it was targeting Friday for a launch, saying a two-hour launch window opens at 7 a.m. Central…
(Reuters) – Elon Musk on Wednesday denied a report that his rocket company SpaceX was discussing an initial public offering (IPO) for its satellite internet business, Starlink, as soon as 2024. He called it “false” in a reply to a post on social media platform X that shared a Bloomberg News report saying SpaceX had…
By Stephen Nellis (Reuters) – Microsoft on Wednesday announced a duo of custom-designed computing chips, joining other big tech firms that – faced with the high cost of delivering artificial intelligence services – are bringing key technologies in-house. Microsoft said it does not plan to sell the chips but instead will use them to power…
By Peter Henderson, Anna Tong and Trevor Hunnicutt SAN FRANCISCO (Reuters) – Just blocks from where U.S. President Joe Biden and his Chinese counterpart Xi Jinping will meet other Asia-Pacific leaders this week in San Francisco is a neighborhood where it is commonplace to see people using and selling drugs. While the leaders are unlikely…
By Alexandra Alper WASHINGTON (Reuters) – Chinese companies are buying up U.S. chipmaking equipment to make advanced semiconductors, despite a raft of new export curbs aimed at thwarting advances in the country’s semiconductor industry, a report said on Tuesday. The 741 page annual report, released by the U.S.-China Economic and Security Review Commission, takes aim…
(This Nov. 8 story has been corrected to say Biogen cut profit forecast due to costs related to a deal, not the launch of its Alzheimer’s drug, in paragraph 1 and the headline) (Reuters) – Biogen cut its annual profit forecast below Wall Street expectations on Wednesday, on higher expenses related to the recent acquisition…
By Pete Schroeder and Michelle Price WASHINGTON (Reuters) -The Federal Reserve’s top Wall Street cop Michael Barr and other bank regulators sought to reassure skeptical U.S. lawmakers on Tuesday that their plans to hike U.S. bank capital requirements would not impede lending or hurt small businesses. Members of the U.S. Senate Banking Committee from both…
(Reuters) – U.S. inflation is cooling at what could prove to be its fastest pace in at least 40 years, if not longer, with only a limited rise in the unemployment rate, Chicago Federal Reserve President Austan Goolsbee said on Tuesday. Goolsbee, in remarks prepared for delivery to a Detroit Economic Club event, said that…
By Deborah Mary Sophia (Reuters) -Home Depot sales were better than expected in the third quarter, bolstered by customers spending on plumbing and hardware for repair work and smaller projects, sending its shares up about 7% on Tuesday in a “sigh of relief” rally. Americans have put big renovations and discretionary home-improvement projects on the…
