By Nathan Layne (Reuters) – Republican presidential candidate Donald Trump’s campaign and the Republican National Committee said on Monday they had raised $141 million in May, nearly doubling the prior month’s haul thanks to a flood of support following his conviction. The tally includes the $53 million the Trump campaign said it raised in the…
WASHINGTON (Reuters) – A group of 26 state attorneys general led by West Virginia and Kentucky on Wednesday challenged the Biden administration’s new fuel economy rules, calling the requirements unworkable and forcing automakers to build more electric vehicles. The National Highway Traffic Safety Administration on June 7 finalized tighter vehicle fuel economy rules through 2031…
(Reuters) – Americans still prefer to buy a standard gas vehicle over a hybrid or an electric vehicle even with the same price and features, a KPMG study said on Thursday. Only one-fifth of people surveyed said they would purchase an EV over a gas-powered vehicle or hybrid vehicle. The show of preference comes amid…
(Reuters) -Online fast-fashion group Shein is keeping alive a fallback option to list in Hong Kong despite filing for a London listing, the Financial Times reported on Friday, citing people familiar with the situation. The company confidentially filed papers with Britain’s markets regulator in June, two sources told Reuters on Monday, kicking off the process…
By Foo Yun Chee BRUSSELS (Reuters) – Apple will delay launching three new artificial intelligence features because landmark European Union tech rules require it to ensure that rival products and services can function with its devices, the U.S. tech group said on Friday. Apple underscored its AI push earlier this month with a slew of…
By Hyunjoo Jin, Ross Kerber and Tom Hals SAN FRANCISCO (Reuters) -Tesla will use Thursday’s strong support for Elon Musk’s $56 billion pay package to try to win over a Delaware judge that invalidated his 2018 agreement, the company’s board president said Friday. The long process to reaffirm the largest-ever corporate pay package ended Thursday,…
(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 David Shepardson WASHINGTON (Reuters) -AT&T CEO John Stankey said on Monday that Congress should give the Federal Communications Commission the power to require Big Tech firms to contribute to a government fund that subsidizes access to telecom and broadband services. Under current law, fees are levied on cell phone and landline service subscribers to…
(Reuters) -AMC Entertainment Holdings said on Monday it had reached an agreement with creditors that extends up to $2.45 billion of debt maturities from 2026 to 2029 and beyond. Under the terms of the deal, AMC will issue $1.2 billion of new secured term loans due 2029 in consideration for an open market purchase of…
By Daniel Wiessner (Reuters) – A federal judge in Texas on Monday seemed likely to stop a Biden administration rule that would extend mandatory overtime pay to 4 million U.S. workers from taking effect, but was unsure whether he could block it nationwide or only in the Republican-led state. U.S. District Judge Sean Jordan in…
