By David Shepardson and Brad Brooks WASHINGTON (Reuters) -The Biden administration on Friday defended its response to the Feb. 3 derailment of a train loaded with toxic chemicals in East Palestine, Ohio, that caused a fire and sent a cloud of smoke over the town, saying it was sending more federal resources. The derailment of …
White House defends response to Ohio train derailment; Senate to probe safety Read More »
By Noel Randewich (Reuters) – The S&P 500 ended lower on Friday, weighed down by Microsoft and Nvidia as investors worried that inflation and a strong U.S. economy could put the Federal Reserve on pace for more interest rate hikes. The see-saw session on Wall Street followed economic data this week that pointed to elevated …
S&P 500 ends down as investors fret about interest rates Read More »
By Kanishka Singh and Costas Pitas (Reuters) – U.S. Vice President Kamala Harris discussed challenges posed by China with French President Emmanuel Macron and German Chancellor Olaf Scholz and agreed to remain closely aligned during meetings with the leaders in Munich, the White House said on Friday. Harris “discussed challenges posed by the People’s Republic …
U.S. VP Harris agrees to be ‘closely aligned’ on China with Macron, Scholz Read More »
WASHINGTON (Reuters) – U.S. Senate Commerce Committee chair Maria Cantwell said on Friday she was opening an inquiry into railroad hazardous materials safety practices after a Feb. 3 Ohio derailment of a train operated by Norfolk Southern raised new concerns. Cantwell wrote the chief executives of Norfolk Southern, Burlington Northern Santa Fe (BNSF), Canadian National, …
U.S. senator asks railroad CEOs to answer questions on hazardous shipments Read More »
By Valerie Insinna and David Shepardson (Reuters) -Boeing on Friday awarded Chief Executive Dave Calhoun an incentive worth approximately $5.29 million to induce him to stay throughout the company’s recovery from the twin crises of the COVID-19 pandemic and two deadly 737 MAX crashes that led to the fleet’s grounding. Boeing’s board of directors on …
Boeing offers CEO $5.3 million incentive to stay through recovery Read More »
By Andrew Hay (Reuters) – Authorities have approved a plan for shooters carried by helicopter to kill dozens of feral cattle damaging habitats and menacing hikers in New Mexico’s Gila Wilderness, the U.S. Forest Service said this week. The four-day cull, due to begin on Thursday, will target about 150 stray or unbranded cows that …
New Mexico feral cows to be culled by helicopter shooters Read More »
(Reuters) – The White House is considering naming Virginia Solicitor General Andrew Ferguson as a Republican commissioner for the Federal Trade Commission (FTC), Bloomberg News reported on Friday, citing people familiar with the matter. Andrew Ferguson, a former aide to Senate Republican Mitch McConnell, was recommended to the White House for the role by McConnell, …
White House to consider Andrew Ferguson as U.S. FTC commissioner -Bloomberg News Read More »
By Sriparna Roy, Nandhini Srinivasan and Khushi Mandowara (Reuters) -Travere Therapeutics said on Friday the U.S. health regulator has granted accelerated approval to its drug to treat a type of chronic kidney disease, IgAN, in adults with a high risk of advancing to kidney failure. Shares of the drugmaker were up 2.8% at $18.32 after …
U.S. FDA approves Travere Therapeutics kidney disorder drug Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. lawmakers on Friday asked the Surface Transportation Board to defer a decision on a proposed Canadian Pacific merger with Kansas City Southern until the board completes a Chicago region impact assessment. U.S. Senators Dick Durbin and Tammy Duckworth and Representatives Raja Krishnamoorthi and Delia Ramirez said the board’s environmental …
U.S. lawmakers urge board to defer railroad merger decision Read More »
(Reuters) – The U.S. Navy has awarded Lockheed Martin Corp a contract worth up to $2 billion related to hypersonic weapon systems, the defense firm said on Friday, amid a global uptick in demand for arms and ammunitions. Under the contract, Lockheed will integrate the Conventional Prompt Strike (CPS) weapon system on to the navy’s …
Lockheed Martin gets U.S. Navy contract worth up to $2 billion Read More »
