WASHINGTON (Reuters) – President Joe Biden’s administration has in recent weeks been discussing possible executive actions he could take in response to the Supreme Court’s decision on affirmative action, a source familiar with the matter said on Thursday. Earlier on Thursday, the U.S. Supreme Court struck down race-conscious admissions programs at Harvard University and the…
By Bianca Flowers (Reuters) – Carmaker Stellantis will require union employees to work mandatory overtime at its Warren Truck assembly and Jefferson North factory in Michigan, to boost Jeep SUV production ahead of a potential strike deadline in September, according to a document shared with Reuters. Stellantis told workers at both facilities the plants will…
By Gabriella Borter (Reuters) – The U.S. Supreme Court on Thursday struck down race-conscious admissions policies at Harvard University and the University of North Carolina, a practice called affirmative action employed by a majority of selective schools. Here is a look at some of the key players in the cases. HARVARD UNIVERSITY Harvard University is…
WASHINGTON (Reuters) – U.S. President Joe Biden’s chief economic adviser on Thursday expressed confidence that inflation would continue to improve in the second half of the year, and said it could drop to a range of 2% or slightly higher before the 2024 presidential election. National Economic Council Director Lael Brainard told an event hosted…
(Reuters) – Social media company Snap Inc said on Thursday its subscription service, Snapchat+, hit 4 million members since its launch last year in June. Snapchat+ gives subscribers access to exclusive and pre-release features, and costs $3.99 a month. The company said paid users got a first look at new offerings such as Snapchat for…
By Foo Yun Chee BRUSSELS (Reuters) -Apple will on Friday seek to fend off a revised EU antitrust charge and possible hefty fine linked to claims it prevents music streaming companies such as Spotify from informing users of other buying options outside its App Store. The iPhone maker will set out its arguments to senior…
By Richard Cowan and Moira Warburton WASHINGTON (Reuters) – U.S. congressional Democrats are trying to force votes on abortion and gun control bills, which have slim chances of success this year, but could resonate with voters in districts represented by moderate Republicans they hope to oust in the 2024 elections. With only a 51-49 Democratic…
LONDON (Reuters) – Microsoft’s appeal against Britain’s veto of its $69 billion deal to buy Activision Blizzard will go ahead as planned at the end of July after the Competition Appeal Tribunal (CAT) rejected the antitrust regulator’s request for a delay. The Competition and Markets Authority, which blocked the takeover in April, wanted the hearing…
(Reuters) -Australian financial conglomerate Macquarie Group said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with a source familiar with the matter placing the deal value north of $900 million. Macquarie did not disclose any further details on the deal, and declined to comment on Reuters’ request seeking confirmation of the…
WASHINGTON (Reuters) – The United States on Thursday condemned a vote by lawmakers in Bosnia’s autonomous Serb Republic to suspend rulings by Bosnia’s constitutional court, saying the move undermined the Dayton Peace Agreement. The new law, approved on Tuesday, violates the Bosnia and Herzegovina Constitution and runs counter to the Dayton Peace Agreement, State Department…
