US encouraged by Armenia, Azerbaijan peace efforts as Washington talks begin

WASHINGTON (Reuters) – The United States is encouraged by recent efforts by Armenia and Azerbaijan to engage productively on a peace process, State Department spokesperson Matthew Miller said on Tuesday as Washington hosts the two countries’ foreign ministers for talks. Earlier on Tuesday, Secretary of State Antony Blinken met with Armenian Foreign Minister Ararat Mirzoyan…

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Faraday Future investors commit $90 million in funding

(Reuters) – Faraday Future Intelligent Electric has received $90 million in funding commitment from its existing investors, the electric-vehicle startup said on Tuesday, sending its shares up about 5%. The funding will be led by private equity ATW Partners, with participation from Senyun International, and will support the production and delivery of FF 91 EV,…

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Obesity drug Wegovy’s popularity has US employers rethinking insurance coverage

By Patrick Wingrove (Reuters) – Shawnte struggled with her weight for years before she was prescribed Novo Nordisk’s diabetes drug Ozempic for weight loss in 2020, helping the former music industry professional from New York lose more than 50 pounds over two years. But last year, the 46-year-old, who asked to be identified only by…

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US consumer confidence races to 17-month high; housing market regaining strength

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years amid renewed labor market optimism, while business spending appeared to hold up in May, indicating the economy remained on solid footing despite fears of a recession. Hopes that the economy could avoid a downturn in…

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Volvo EVs to now have access to Tesla superchargers

(Reuters) – Swedish carmaker Volvo Cars said on Tuesday it had signed an agreement with Tesla to give its electric vehicles (EVs) access to the EV maker’s Supercharger network in the United States, Canada and Mexico. The deal makes Volvo the first European automaker to adopt Tesla’s North American Charging Standard (NACS), adding to the…

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US 2024 hopeful Haley calls for China trade curbs over fentanyl deaths

By Gram Slattery and Michael Martina WASHINGTON (Reuters) -Former U.N. ambassador Nikki Haley staked out one of the most hawkish positions on China in the 2024 Republican presidential field on Tuesday, calling for Washington to drastically limit ties with its geopolitical foe to address a dramatic rise in overdose deaths attributable to fentanyl in the…

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Republican lawmakers urge U.S. to scrap China science deal

By Michael Martina WASHINGTON (Reuters) – Republican lawmakers on Tuesday urged the U.S. State Department not to renew a decades-old U.S-China agreement on scientific cooperation, arguing that Beijing would seek to use it to help its military. The deal, signed when Beijing and Washington established diplomatic ties in 1979 and renewed about every five years…

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