By David Shepardson WASHINGTON (Reuters) – Four Republican U.S. senators on Wednesday sought to reverse a Biden administration decision to waive “Buy America” requirements for government-funded electric vehicle (EV) charging stations. Senators Marco Rubio, Roger Marshall, Rick Scott and Kevin Cramer said the Federal Highway Administration waiver of U.S. content requirements for steel, iron and…
By David Shepardson WASHINGTON (Reuters) – Congress still faces serious hurdles to winning approval for long-stalled legislation to speed the adoption of self-driving cars. “China is currently moving ahead with ambitious plans to lead the development and deployment of this technology,” said House Energy and Commerce Committee chair Cathy McMorris Rodgers at a hearing Wednesday….
By Andrea Shalal WASHINGTON (Reuters) – The Biden administration on Thursday continued its push to drive down housing prices, announcing steps to reduce zoning and land-use restrictions that often constrain housing construction, especially in low-income areas, and better protect renters. The moves, which will also expand financing for affordable, energy efficient and resilient housing and…
By Leah Douglas WASHINGTON (Reuters) – U.S. lawmakers from both parties are pushing legislation that would limit who can own American farmland, with a latest effort from Democratic Senator Cory Booker aimed at curbing corporate ownership. Farm groups and lawmakers are concerned that land buys by investors and foreign countries are driving up farmland prices…
By Huw Jones LONDON (Reuters) -Pan-European stock and derivatives exchange Euronext on Thursday said it would launch a 200 million euro ($219.88 million) share buyback that would not crimp its ability to make acquisitions if need be. Euronext, which operates bourses across the continent including in Paris, Amsterdam and Dublin, said its adjusted earnings per…
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Thursday said it settled with Surescripts over a lawsuit accusing the health information technology firm of using illegal methods to maintain monopolies over two parts of the electronic prescriptions market. The settlement will prohibit Surescripts “from engaging in exclusionary conduct and executing or enforcing…
WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods unexpectedly rose in June, suggesting business spending on equipment could continue to grow after rebounding in the second quarter. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.2% last month, the Commerce Department said on Thursday. Data…
By Kannaki Deka (Reuters) – Harley-Davidson said on Thursday that pre-orders were “exceeding expectations” for a new model the U.S. big-bike maker launched this month in India in partnership with a local manufacturer. Harley and British rival Triumph have unveiled their cheapest models globally in India, the largest motorbike market by sales, to tap into…
By Tom Polansek CHICAGO (Reuters) – U.S. poultry producers say they face prolonged economic pain from avian flu despite going months without infections in flocks, as China and some smaller importers fail to lift trade bans implemented during the nation’s worst-ever outbreak of the virus. The lingering bans, imposed last year to prevent the spread…
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Euro bulls are set for an anxious summer ahead as doubts creep in over how far the ostensibly still-hawkish European Central Bank will go with interest rate rises. The euro has been on a stellar run, up roughly 3.5% against the dollar so far this year…
