By Scott DiSavino (Reuters) – Power prices in Texas soared for Friday with electric demand expected to break the record for the month of May for a second time this week, ahead of the long U.S. Memorial Day weekend as homes and businesses crank up air conditioners to escape a heat wave. The Electric Reliability…
By Ben Blanchard TAIPEI (Reuters) – China ended two days of war games around Taiwan, in which it simulated attacks with bombers and practiced boarding ships, and Taiwan’s defence ministry detailed on Saturday the surge of Chinese warplanes and warships involved. Chinese state television’s military channel said late on Friday the drills had concluded. A…
By Joey Roulette WASHINGTON (Reuters) – Boeing and NASA quelled two technical issues on the company’s Starliner spacecraft, including a “design vulnerability” requiring a temporary workaround, to get the capsule back on track for its first mission carrying two astronauts to space, officials said on Friday. Starliner’s debut crewed mission, a high-stakes test now planned…
By Michael Erman (Reuters) – Novavax will only be able to offer a COVID-19 vaccine in the United States this autumn if regulators accept the shot it has started manufacturing that targets a variant that was dominant earlier this year, the company said. Novavax’s updated vaccine targets a variant called JN.1, which is in line…
(Reuters) – Blackstone CEO Stephen Schwarzman will support Donald Trump as the former president looks to return to the White House, Axios reported on Friday. Schwarzman, one of the biggest political donors on Wall Street, plans to donate to Trump and various Republican Senate candidates, the report said, citing a statement from the CEO. Long…
By Bernard Orr and Ben Blanchard BEIJING/TAIPEI (Reuters) -China’s military started its second day of war games around Taiwan on Friday, with drills to test their ability to “seize power” and control key areas, exercises it has said were launched to punish Taiwan’s President Lai Ching-te. The two days of drills in the Taiwan Strait…
By Maria Martinez and Christian Kraemer BERLIN (Reuters) – The implementation of the second pillar of the global minimum tax deal is Germany’s priority and further ideas should not be discussed until there is an agreement on the first pillar, German Finance Minister Christian Lindner said on Friday. “In the second pillar we already have…
By Ankika Biswas and Lisa Pauline Mattackal (Reuters) – The tech-heavy Nasdaq and the benchmark S&P 500 opened at record highs on Thursday as chip stocks rallied after Nvidia’s upbeat revenue forecast, but persistent worries about U.S. inflation kept market exuberance in check. The AI chip leader’s stock opened above the $1,000 mark for the…
LONDON (Reuters) -Tobacco companies still actively target young people via social media, sports and music festivals and new, flavoured products, the World Health Organization (WHO) said on Thursday, accusing companies of trying to hook a new generation on nicotine. Amid ever-stricter regulation targeting cigarettes, big tobacco companies and new entrants have begun offering smoking alternatives…
By Sarah N. Lynch, David Shepardson and Mike Scarcella WASHINGTON (Reuters) -The U.S. Justice Department and a group of 30 states and the District of Columbia Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists. “It is time to break…
