China’s WuXi Explores Sale of Pharma Operations as US Restrictions Loom, FT Reports
Oct. 3 By Rishabh Jaiswal (Reuters) -WuXi AppTec and WuXi Biologics are planning to sell some of their operations after the Chinese biotech companies were targeted by the U.S. on national security grounds, the Financial Times reported on Thursday. WuXi AppTec has put its cell…
Thousands in North Carolina Still Without Water Days After Helene’s Destruction
Oct. 2 By Karl Plume ASHEVILLE, North Carolina (Reuters) -Tens of thousands of North Carolina residents remained without running water on Wednesday, six days after Hurricane Helene slammed into Florida and carved a destructive path through much of the U.S. Southeast, killing more than 180…
Factbox-Companies Have Planned for US East Coast Ports Strike
Oct. 1 By Mike Scarcella (Reuters) -Some 45,000 union workers walked off the job at seaports on the U.S. East and Gulf Coasts on Oct. 1, cutting off vital trade arteries just weeks ahead of the nation’s presidential election. The International Longshoremen’s Association (ILA) union,…
Epic Games Accuses Samsung, Google of Scheme to Block App Rivals
Sept. 30 By Mike Scarcella (Reuters) – “Fortnite” video game maker Epic Games on Monday accused Alphabet’s Google and Samsung, the world’s largest Android phone manufacturer, of conspiring to protect Google’s Play store from competition. Epic filed a lawsuit in U.S. federal court in California…
US East Coast Port Strike Set to Start Tuesday, Says Union
Sept. 29 By Costas Pitas WASHINGTON (Reuters) -A port strike on the U.S. East Coast and Gulf of Mexico will go ahead starting on Tuesday, the International Longshoremen’s Association union said on Sunday, signaling action that could cause delays and snarl supply chains. “United States…
TD Bank Nears Possible Guilty Plea in Money Laundering Probe, WSJ Reports
Sept. 28 By Shivani Tanna (Reuters) – TD Bank is close to a possible guilty plea to criminal charges that its U.S. retail bank failed to curb money laundering tied to Chinese crime groups and illicit fentanyl sales, the Wall Street Journal reported on Friday….
Multiple Terminals Closed at Port of Los Angeles After Lithium Battery Fire
Sept. 27 By Rahul Paswan and Swati Verma (Reuters) – Operations at Port of Los Angeles suffered disruptions as an overturned tractor trailer carrying a load of lithium batteries ignited a fire near Ocean & Navy Way on Terminal Island on Thursday, leading to the…
Analysis-Stellantis CEO Follows Chinese Route to Avoid EV Tariff ‘Trap’
Sept. 26 By Nick Carey LONDON/DETROIT (Reuters) – Stellantis wants to adopt the low-cost mindset of Chinese EV makers despite the European and U.S. tariffs CEO Carlos Tavares lambasts as anticompetitive, but the world’s No. 4 automaker must navigate trade barriers on both sides of…
Volkswagen Digs in as Workers Threaten Strikes Over Plant Closures
Sept. 25 By Christina Amann HANOVER, Germany (Reuters) -Volkswagen flatly rejected union demands after the first round of bitterly contested talks ended without agreement on Wednesday, as workers at Europe’s largest automaker threatened strikes against layoffs and possible plant closures. Tensions at the carmaking giant…
US Finalizes $123 Million Chips Award for Polar Semiconductor
Sept. 24 By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said on Tuesday it had finalized a $123 million grant for Polar Semiconductor to expand its plant in Minnesota, which would allow the company to nearly double its U.S. production capacity of power…