By Chavi Mehta (Reuters) -Electric-vehicle maker Tesla rolled out a new program globally allowing buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales. The incentive, which Tesla dubbed as “Refer and Earn” on its websites, is equivalent to $500 in cashback for buyers in…
By Marco Aquino LIMA (Reuters) – Copper miners in Peru, already battling political uncertainty and regular protests, say they have another hurdle to revving up stalled production of the red metal: too much red tape. The South American country, the world’s No. 2 copper producer, has seen output plateau in the last five years as…
By Tom Sims and Friederike Heine FRANKFURT (Reuters) -German prosecutors are investigating asset manager DWS’s former chief executive Asoka Woehrmann over allegations of investment fraud through so-called greenwashing, a person with knowledge of the matter said on Friday. The formal investigation follows probes by regulators on both sides of the Atlantic since 2021 over accusations…
By Deena Beasley and Julie Steenhuysen LOS ANGELES (Reuters) -Eisai and Biogen’s Leqembi won a coveted standard approval nod from the U.S. Food and Drug Administration on Thursday, the first Alzheimer’s treatment to achieve that goal, clearing the way for wider insurance coverage of the drug. The FDA decision marks a new milestone for a…
By Anirban Sen NEW YORK (Reuters) -Cronos Group Inc, the Canadian cannabis producer backed by cigarette maker Altria Group Inc, confirmed on Thursday it is in talks with potential buyers to explore a sale of the company, after Reuters reported on the talks. Cronos is working with a financial adviser to handle expressions of interest…
By Jonathan Stempel NEW YORK (Reuters) -The National Labor Relations Board on Thursday sued Starbucks over the coffee chain’s refusal to rehire 33 workers as it reorganized three downtown Seattle stores, including its flagship store in Pike Place Market. In a petition filed in Seattle federal court, the agency called Starbucks’ plan to reorganize the…
(This July 6 story has been corrected to fix the court where filing was made in paragraphs 1-3) (Reuters) – The Biden administration on Thursday asked a federal judge to put on hold his earlier order barring some government agencies and officials from meeting and communicating with social media companies about moderating their content. In…
By Jonathan Stempel NEW YORK (Reuters) – Jamie Dimon and Jes Staley do not agree on who to blame for JPMorgan Chase’s relationship with former client Jeffrey Epstein, but agree that a shareholder lawsuit over their alleged failure to police the disgraced financier should be thrown out. Lawyers for Dimon, the bank’s chief executive, and…
(Reuters) -German automaker Mercedes-Benz said on Friday its electric vehicles in North America will adopt the Tesla-developed charging technology from 2025 and also get access to more than 12,000 of its Superchargers from next year. The company joins American rivals Ford and General Motors to adopt the North American Charging Standard (NACS) as they try…
OSLO (Reuters) – Norway’s $1.4 trillion sovereign wealth fund has excluded Power Construction Corp of China from its portfolio and placed London-listed Petrofac under observation. The Norwegian wealth fund, set up in 1996 to save petroleum revenues for future generations, operates under ethical guidelines set by parliament and excludes investments in companies that it says…
