By Susan Heavey and Jeff Mason WASHINGTON (Reuters) -U.S. health regulators will announce action on baby formula imports as soon as Monday to address a nationwide shortage that has left parents scrambling to feed their babies, the Food and Drug Administration’s chief said. FDA Commissioner Robert Califf provided no details, but President Joe Biden said…
MILAN (Reuters) – Italian energy group Eni will open accounts this week to pay for Russian gas after clarification such a move will not breach sanctions, two sources said on Monday. In updated guidance on Friday the European Commission confirmed its previous advice that EU sanctions do not prevent companies from opening an account at…
By Alun John HONG KONG (Reuters) – An affiliate of the company behind collapsed stablecoin TerraUSD said on Monday it had spent the bulk of its reserves trying to defend its dollar peg last week, and would use the remainder to try to compensate some users who had lost out. The token’s crash last week…
(Reuters) – Donald Trump will have to wait for six hours before reposting his messages from social media platform Truth Social on other platforms, a regulatory filing revealed on Monday. The platform was launched with the mission of standing up to Big Tech, after the former U.S. president was kicked off of Twitter, Facebook and…
(Reuters) – Thales won a ten-year contract to deliver advanced tactical radios to the U.S. Army as one of two vendors in a deal with an overall volume of $6 billion, the French defence group said on Monday. “This contract was awarded as part of an effort (of the U.S. Army) to retire its outdated…
-A small but growing number of companies, including Amazon.com and Tesla Inc, are rolling out policies to offer benefits to U.S. employees who may need to access abortion services as some state legislatures impose tighter restrictions. An unprecedented leak of a draft opinion earlier this month suggests that the U.S. Supreme Court is set to…
By Marcy de Luna and Bianca Flowers HOUSTON/CHICAGO (Reuters) – Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation should persist as the United States exports more gas to Europe to make up for Russian supplies lost to sanctions. U.S. natural gas futures have doubled this year,…
(Add details, analyst comments) By Lucia Mutikani WASHINGTON (Reuters) – Factory activity in New York state slumped in May for the third time this year amid a collapse in new orders and shipments, though manufacturers were slightly upbeat about business conditions over the next six months. But the survey from the New York Federal Reserve…
(Reuters) – New York Federal Reserve Bank President John Williams said on Monday selling mortgage-backed securities could be an option for the central bank to consider down the road in its goal to orient its balance sheet largely around holdings of Treasuries. Williams said MBS sales are not under consideration for the first stages of…
BOSTON (Reuters) – Proxy advisory firm Institutional Shareholders Services on Monday recommended that McDonald’s Corp shareholders vote for the company’s directors instead of the two candidates activist investor Carl Icahn has proposed. “The dissident campaign has not made a sufficient case, on an issue-specific or broader view of ESG, that the immediate replacement of incumbent…
