By Patricia Zengerle WASHINGTON (Reuters) – Republican and Democratic members of the U.S. House of Representatives introduced legislation on Wednesday that would authorize President Joe Biden’s administration to negotiate a tax agreement with Taiwan, seeking to foster investment as Washington works to shore up the island against a rising China. The lawmakers, including House Foreign…
By Diane Bartz and Anirban Sen WASHINGTON (Reuters) -U.S. antitrust regulators published guidelines on Wednesday on the kinds of mergers and acquisitions they object to, reaffirming the skepticism with which President Joe Biden’s administration has approached many deals, especially in the technology sector. The U.S. Justice Department and Federal Trade Commission (FTC) have mounted an…
By Steve Holland and Andrea Shalal WASHINGTON (Reuters) -The White House on Wednesday expanded its war on junk fees to the rental housing market, announced a crackdown on price-fixing in food and agricultural markets, and unveiled draft merger guidelines as part of an ongoing push to aid U.S. consumers. President Joe Biden, who has made…
(Reuters) – Drugmaker Pfizer Inc said on Wednesday its plant in Rocky Mount, North Carolina, which is one of the largest sterile injectable product facilities in the world, has suffered heavy damage from a tornado. A company spokesperson in an emailed statement confirmed that the Rocky Mount facility was damaged and the drugmaker was assessing…
By Kane Wu (Reuters) – Private equity firm Warburg Pincus on Wednesday named its Asia head of real estate Jeffrey Perlman as successor to Timothy Geithner as president. Geithner, who was U.S. Treasury Secretary in the Obama administration and had headed the Federal Reserve Bank of New York, will become the chair of the New…
By David Shepardson WASHINGTON (Reuters) -United Auto Workers (UAW) President Shawn Fain met on Wednesday with President Joe Biden at the White House as the union briefed staff on contract talks with the Detroit Three automakers. Fain, who was on Capitol Hill meeting with lawmakers to discuss the labor talks and the union’s push for…
By Ted Hesson WASHINGTON (Reuters) – New York City will distribute flyers at the U.S.-Mexico border telling newly arrived migrants to “consider another city” and limit shelter stays for adult asylum seekers to 60 days as the city’s Democratic mayor says it is straining to house them. In an announcement on Wednesday, the office of…
By Lisa Baertlein and Priyamvada C (Reuters) – United Parcel Service on Wednesday said it would return to the bargaining table with a better offer for roughly 340,000 Teamsters-represented U.S. workers, in a bid to avert a potentially economically damaging strike on Aug. 1. “We are prepared to increase our industry-leading pay and benefits, but…
MEXICO CITY (Reuters) – The United States and Mexico reached an agreement to remedy violations of workers’ rights at a Goodyear Tire & Rubber Co plant in the Mexican city of San Luis Potosi, both countries said on Wednesday. The Mexican government has committed to carry out a number of measures under the agreement, the…
WASHINGTON (Reuters) – A U.S. House of Representatives committee has launched an investigation into investments by four U.S. venture capital firms into Chinese artificial intelligence and semiconductor companies. The House Select Committee on the Chinese Communist Party sent letters on Tuesday to GGV Capital, GSR Ventures, Walden International and Qualcomm Ventures, the investment arm of…
