(Reuters) -Electric vehicle startup Fisker has signed a deal to sell emission credits to a major automaker, looking to enter a market it is betting on to navigate a stormy economic environment and a price war sparked by Tesla. The announcement on Tuesday comes barely a month after Fisker lowered its 2023 production target and…
By Jarrett Renshaw and Stephanie Kelly NEW YORK (Reuters) – The Biden administration will abandon a proposal to include the electric vehicle industry in the U.S. biofuel blending program and withdraw potentially billions of dollars worth of tradable credits that had been attributed to the scheme, three sources familiar with the matter told Reuters. Reuters…
(Reuters) – Bitcoin rose 5.56% to $27,171 at 19:57 GMT on Tuesday, adding $1,432 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 64.7% from the year’s low of $16,496 on January 1. Ether, the coin linked to the Ethereum blockchain network, rose 4.72% to $1,896.1 on Tuesday, adding $85.4 to…
By Chibuike Oguh NEW YORK (Reuters) – Shares of GitLab Inc jumped more than 35% on Tuesday after the software development platform announced plans to launch a revenue-boosting artificial intelligence (AI)-powered product. GitLab, widely used by software developers for coding work, will add a “ModelOps” feature to its main “DevSecOps” platform with new capabilities including…
By Michael Erman NEW YORK (Reuters) -Merck & Co sued the U.S. government on Tuesday, seeking to halt the Medicare drug price negotiation program contained in the Inflation Reduction Act (IRA), which it argues violates the Fifth and First Amendments to the U.S. Constitution. This is the first attempt by a drugmaker to challenge the…
By Brendan Pierson (Reuters) – The U.S. government cannot ban people convicted of non-violent crimes from possessing guns, a federal appeals court ruled on Tuesday. The 11-4 ruling from the Philadelphia-based 3rd U.S. Circuit Court of Appeals is the latest defeat for gun control laws in the wake of a U.S. Supreme Court ruling last…
By Susan Heavey and Kanishka Singh WASHINGTON (Reuters) -Texas billionaire Harlan Crow’s lawyer has offered to meet with Senate Judiciary Committee staff to discuss the businessman’s ties to conservative U.S. Supreme Court Justice Clarence Thomas, but Democratic senators on Tuesday said the Republican donor was refusing to cooperate with legitimate requests for information. Revelations in…
By Kanishka Singh WASHINGTON (Reuters) – The U.S. Department of Justice secured a settlement in its environmental justice investigation into Houston’s response to illegal dumping in Black and Latino neighborhoods, the department and the city of Houston said separately on Tuesday. The agreement builds on a plan to develop improved waste management services for residents…
By Jonathan Stempel NEW YORK (Reuters) – A New York appeals court on Tuesday signaled it was unlikely to grant Donald Trump’s request to dismiss state Attorney General Letitia James’ civil lawsuit accusing him, his family business and three of his children of a “staggering” fraud. The Appellate Division in Manhattan was considering Trump’s appeal…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Beneficient is set to go public this week with a blank-check vehicle in a deal valuing the financial services firm at about $3.3 billion, a source familiar with the matter said on Tuesday. Last year, Beneficient announced plans to go public via a merger with Avalon Acquisition Company….
