By Sharon Bernstein (Reuters) – Abortion rights supporters expressed relief on Friday after the U.S. Supreme Court preserved access to a widely used abortion pill but warned of a long fight ahead as a legal challenge to the medication continues. The move by the court to halt new restrictions on the drug set by lower…
By Jeff Mason WASHINGTON (Reuters) – U.S. President Joe Biden will veto congressional efforts to overturn his solar tariff waiver for four Southeast Asian nations for two years, the White House said on Monday. In June, Biden waived tariffs on solar panels from Cambodia, Malaysia, Thailand and Vietnam in an effort to create a “bridge”…
By Andrew Goudsward WASHINGTON (Reuters) – When the U.S. Supreme Court decides in the coming months whether to weaken a powerful shield protecting internet companies, the ruling also could have implications for rapidly developing technologies like artificial intelligence chatbot ChatGPT. The justices are due to rule by the end of June whether Alphabet Inc’s YouTube…
By Brendan Pierson (Reuters) -A lawyer for San Francisco’s public school system on Monday kicked off a long-awaited trial against Altria Group Inc, saying the tobacco giant helped e-cigarette company Juul Labs Inc create a “crisis” of vaping addiction among teenagers. “This case is about Altria, the largest cigarette company in our country, who helped…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell to a more than one-week low against major currencies on Monday in generally thin trading, as investors continued to price in interest rate cuts this year by the Federal Reserve after a widely expected rate increase at next week’s policy meeting. The Japanese currency, on…
By Dietrich Knauth (Reuters) -Cancer victims on Monday urged a U.S. judge to dismiss a Johnson & Johnson subsidiary’s second bankruptcy filing, saying the company is abusing the bankruptcy system in its renewed attempt to resolve tens of thousands of lawsuits alleging that J&J’s baby powder and other talc products caused cancer. The J&J subsidiary,…
By Rich McKay (Reuters) – The former Minneapolis-area police officer convicted of killing Daunte Wright was released from prison on Monday after serving part of her sentence for the fatal shooting that took place while another white officer was on trial for George Floyd’s murder in a nearby courtroom. Kimberly Potter, now 50, was found…
By Laura Sanicola (Reuters) -Oil prices settled higher on Monday, reversing losses as investors grew optimistic that holiday travel in China would boost fuel demand in the world’s largest oil importer. Brent crude settled up $1.07, or 1.3%, at $82.73 a barrel while U.S. West Texas Intermediate crude settled up 89 cents, or 1.1%, at…
By Ananya Mariam Rajesh (Reuters) -Coca-Cola Co on Monday topped Wall Street estimates for first-quarter revenue and profit, benefiting from resilient demand for its sodas as well as multiple price increases undertaken to combat higher commodity and shipping costs. The company said in February it would raise soda prices further in 2023 “across the world”…
By Nina Chestney and Susanna Twidale LONDON (Reuters) – After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it’s unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit…
