By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s consumer inflation held steady in May while producer price declines eased, but the underlying trend suggests Beijing would need to do more to prop up feeble domestic demand and an uneven economic recovery. Weak consumption in China has kept a lid on consumer prices since 2023…
(Reuters) – The U.S. Securities & Exchange Commission has told at least two of the eight firms that have applied to launch the first U.S. exchange-traded funds (ETFs) tied to the price of ether that their products can begin trading on Tuesday. The new products from BlackRock VanEck and six others will begin trading Tuesday…
By Lisa Baertlein LOS ANGELES (Reuters) – The state of Ohio on Tuesday joined oil companies and business groups asking the U.S. Supreme Court to reverse decisions that underpin California’s ambitious plans to regulate greenhouse gas emissions from cars and trucks. The Midwest state joined Valero’s Diamond Alternative Energy and other plaintiffs in challenging Environmental…
By David Shepardson WASHINGTON (Reuters) – A U.S. appeals court on Friday upheld the decision of the Federal Communications Commission to approve a SpaceX plan to deploy thousands of Starlink satellites to provide space-based broadband internet service. The U.S. Court of Appeals for the District of Columbia rejected a legal challenge from DISH Network and…
(Reuters) – The U.S. Supreme Court’s current term features major cases involving former President Donald Trump’s ballot disqualification, his claim of immunity from prosecution, the abortion pill, gun rights, the power of federal agencies, social media regulation and Purdue Pharma’s bankruptcy settlement. Here is a look at some of the rulings already issued and major…
By Tim Reid MILWAUKEE (Reuters) – For four nights at Donald Trump’s nominating convention in Milwaukee, a roster of speakers attempted to give one of the most divisive politicians in recent U.S. history a makeover, describing him as a loving and caring family man whose near-assassination at a rally on Saturday had changed him. Early…
(Reuters) – Meta Platforms said on Tuesday it would start taking down more posts that target “Zionists”, where the term is used to refer to Jewish people and Israelis rather than representing supporters of the political movement. The Facebook and Instagram parent said in a blog post it would remove content “attacking ‘Zionists’ when it…
By Patrick Wingrove (Reuters) – AbbVie’s top-selling arthritis drug Humira has held onto more than 80% of patients after facing nine lower-priced rivals in the U.S. in the last year, raising questions about whether the market for prescription biosimilars can survive in its current form, drug pricing experts and analysts say. Humira, which lists for…
(Reuters) – The U.S. Food and Drug Administration has granted approval for a treatment from Verona Pharma for a chronic lung disease that commonly affects smokers, the U.K.-based company said on Wednesday. The U.S. FDA’s assent for the therapy, to be sold under the brand Ohtuvayre, is the company’s first and provides a new inhaled…
By Andrea Shalal and John Irish BORGO EGNAZIA, Italy (Reuters) -Pope Francis made an historic appearance at the Group of Seven summit on Friday to speak about the pros and cons of artificial intelligence, while G7 leaders also pledged to tackle what they said were harmful business practices by China. Italian Prime Minister Giorgia Meloni,…
