US Producers Face Tough Choices on Growth, Capital Returns as Oil Falls Below $60
April 9 By Arunima Kumar A plunge in oil prices below $60 per barrel due to an escalating trade war may trigger anxiety across the U.S. oil patch, likely forcing companies to double down on measures including cuts to share buybacks and capital expenditures, analysts…
Not All US Fees on Chinese Ships Will Be Implemented, USTR’s Greer Says
April 8 By David Lawder U.S. Trade Representative Jamieson Greer told lawmakers on Tuesday that not all of the agency’s proposed multimillion-dollar fees for Chinese-built ships to dock at U.S. ports will be implemented, and they may not be cumulative. Greer told a Senate Finance…
US Group Asks Kennedy to Restore National Labs for Hepatitis, Sexually Transmitted Infections
April 4 By Julie Steenhuysen The Association of Public Health Laboratories sent a letter on Friday asking the U.S. Department of Health and Human Services to restore two national laboratories that did testing for rare forms of hepatitis and drug-resistant sexually transmitted diseases, the group…
Michigan Couple Arrested in Mexico Over Payment Dispute Freed, US Special Envoy Says
April 3 By Steve Holland A Michigan couple, Christy and Paul Akeo, who were arrested last month in Cancun, Mexico, over a payments dispute with a resort company, have been freed and were on a plane home, U.S. special envoy Adam Boehler told Reuters on…
SpaceX Rocket Cargo Project Puts Pacific Seabirds in Jeopardy
April 2 By Valerie Volcovici A project proposed by Elon Musk’s SpaceX and the U.S. Air Force to test hypersonic rocket cargo deliveries from a remote Pacific atoll could harm the many seabirds that nest at the wildlife refuge, according to biologists and experts who…
Father and Son Indicted in New York Over Failed Arizona Sports Complex
April 1 By Jonathan Stempel A father-and-son team has been indicted in Manhattan on charges they defrauded investors in a failed Arizona sports complex, causing more than $200 million in losses for Vanguard Group, AllianceBernstein and other municipal bond investors. Federal prosecutors said Randy Miller,…
Ukrainian conflict: Who benefits from attacks on Russia’s fuel and energy infrastructure?
March 31 By Julia O`Malley The entire international community is closely following the ceasefire talks in Ukraine. Following a phone call between the presidents of Russia and the US on March 18, and meetings in Riyadh on 23 March, Moscow has backed Washington’s proposal to…
Trump Says TikTok Sale Deal to Come Before Saturday Deadline
March 30 By Andrea Shalal President Donald Trump said a deal with TikTok’s Chinese parent ByteDance to sell the short video app used by 170 million Americans would be struck before a deadline on Saturday. Trump set the April 5 deadline in January for TikTok…
Top Vaccine Official Peter Marks Forced Out at FDA, WSJ Reports
March 29 By Chris Thomas The U.S. Food and Drug Administration’s top vaccine official, Peter Marks, has been pushed out, the Wall Street Journal reported on Friday. Marks, who played a key role in U.S. President Donald Trump’s first term in developing COVID-19 vaccines, was…
Johnson & Johnson Unit Ordered to Pay $1.64 Billion in HIV Drug Marketing Case
March 28 By Jonathan Stempel A federal judge ordered a Johnson & Johnson unit on Friday to pay the U.S. government $1.64 billion after a jury found it liable in a whistleblower lawsuit for illegally promoting the HIV drugs Prezista and Intelence. U.S. District Judge…