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Italy’s ‘golden powers’ have limited sway over UniCredit’s BPM bid, sources say

By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy has limited scope to intervene in UniCredit’s swoop for smaller rival Banco BPM through its “golden powers”, which some ministers see as a way to have leverage over the deal, people close to the matter told Reuters. So-called golden powers allow Italy’s government to block …

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FDA chief defends work on obesity, food to US Senate as agency awaits fierce critic RFK Jr

By Bhanvi Satija and Christy Santhosh (Reuters) – U.S. Food and Drug Administration Commissioner Robert Califf defended the agency’s role in addressing the country’s obesity epidemic as he was grilled by senators over FDA regulation of the food and beverage industry on Thursday. The hearing of the Senate Committee on Health, Education, Labor and Pensions …

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FCC chair proposes cybersecurity rules in response to China’s Salt Typhoon telecom hack

WASHINGTON (Reuters) -U.S. Federal Communications Commission Chairwoman Jessica Rosenworcel is proposing that communications service providers be required to submit an annual certification attesting that they have a plan in place to protect against cyberattacks, the agency said in a statement on Thursday.The proposal is in part in response to efforts by an allegedly Beijing-sponsored group …

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GameStop jumps after cryptic post from ‘Roaring Kitty’ rekindles retail hype

By Manya Saini, Suzanne McGee and Saqib Iqbal Ahmed (Reuters) -GameStop’s shares jumped on Thursday after a cryptic post from meme stock influencer Keith Gill, who shot to notoriety after his online personas and bullish bets on the video game retailer sparked a trading frenzy among mom-and-pop investors. Gill posted a picture resembling a Time …

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Mexico seeks deal with Trump to avoid deported migrants from other countries

By Kylie Madry and Ted Hesson MEXICO CITY/WASHINGTON (Reuters) -Mexico is seeking an agreement with U.S. President-elect Donald Trump to ensure it does not receive deportees from third countries in case of large-scale deportations of migrants from the United States, President Claudia Sheinbaum said on Thursday. The Bahamas rejected taking third-country deportees if Trump carries …

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Analysis-Trump’s SEC pick Atkins marks victory for establishment expertise

By Chris Prentice and Douglas Gillison WASHINGTON (Reuters) – While Wall Street breathed a sigh of relief at President-elect Donald Trump’s pick of respected Washington lawyer Paul Atkins to lead the Securities and Exchange Commission, critics worry his light-touch philosophy and crypto-friendly stance will hurt investors.  After a string of controversial cabinet picks considered by …

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US Supreme Court could allow broader curbs on transgender rights

By Andrew Chung (Reuters) – During arguments at the U.S. Supreme Court in this week’s major transgender rights case, liberal Justice Sonia Sotomayor told the lawyer defending Tennessee’s ban on gender-affirming medical care for people under age 18 that courts have a historic role in protecting minorities from discrimination.  “When you’re 1 percent of the …

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