News
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US-China tariff talks 'a bit stalled,' needs Trump, Xi input, Bessent says
May 29 (Reuters) - U.S. trade talks with China are "a bit stalled" and getting a deal over the finish line will likely need the direct involvement of President Donald Trump and Chinese President Xi Jinping, U.S. Treasury Secretary Scott Bessent said on Thursday.Two weeks after breakthrough n...Reuters
Thu, May 29
US FAA extends program allowing Boeing to conduct agency tasks like inspections
Long-time program allows Boeing to conduct tasks on FAA behalfCritics have said the FAA did not ensure adequate oversightAgency says it will closely monitor Boeing actionsBy David Shepardson WASHINGTON, May 29 (Reuters) - The U.S. Federal Aviation Administration said on Thursday it would extend b...Reuters
Thu, May 29
Unilever's Ben & Jerry's calls war in Gaza a 'genocide'
By Jessica DiNapoli NEW YORK, May 29 (Reuters) - The independent board of Ben & Jerry's said the conflict in Gaza is a genocide, escalating a bitter feud between the ice cream maker and its longtime London-based corporate parent Unilever ULVR.L."Ben & Jerry's believes in human...Reuters
Thu, May 29
Meyer Burger Says Shuts Down Solar Module Production And Lays Off 282 Employees In U.S.
May 29 (Reuters) - Meyer Burger Technology AG MBTN.S:MEYER BURGER TECHNOLOGY AG - SHUTS DOWN SOLAR MODULE PRODUCTION AND LAYS OFF 282 EMPLOYEES IN U.S.MEYER BURGER TECHNOLOGY AG - FUTURE OF SITE IS UNCERTAINMEYER BURGER TECHNOLOGY AG - STILL IN TALKS WITH AN AD HOC GROUP OF BONDHOLDERS ABOUT RESTRUC...Reuters
Thu, May 29
Trump taps Paul Ingrassia to head US Office of Special Counsel
WASHINGTON, May 29 (Reuters) - U.S. President Donald Trump on Thursday announced his intention to nominate Paul Ingrassia to lead the U.S. Office of Special Counsel.In a post on Truth Social, Trump praised Ingrassia for doing "a tremendous job" in his current role as White House liaison for ...Reuters
Thu, May 29
CORRECTED, OFFICIAL-Chevron to cut 200 jobs in Texas
By Sheila Dang HOUSTON, May 28 (Reuters) - Chevron CVX.N will lay off 200 employees in Texas, according to figures from the Texas Workforce Commission. The layoffs are part of the U.S. oil producer's plan to cut up to 20% of its global workforce by the end of 2026.The job cuts will be in M...Reuters
Thu, May 29
Bessent predicts DOGE savings will continue after Musk departure
WASHINGTON, May 29 (Reuters) - U.S. Treasury Secretary Scott Bessent said billionaire Elon Musk did some "very important work" in the early months of the Trump administration and predicted that savings from Musk's Department of Government Efficiency (DOGE) effort would continue.Bessent t...Reuters
Thu, May 29
CVS, Express Scripts sue to block Arkansas law barring PBM ownership of pharmacies
Companies say law is unconstitutionalLawsuits seek to block enforcementPBMs have faced scrutiny in multiple statesBy Diana Novak Jones CHICAGO, May 29 (Reuters) - CVS CVS.N and Express Scripts filed lawsuits on Thursday seeking to overturn an Arkansas state law set to go into effect next year tha...Reuters
Thu, May 29
US-China tariff talks 'a bit stalled,' Bessent tells Fox News
May 29 (Reuters) - U.S. trade talks with China are "a bit stalled" and getting a deal over the finish line will likely need the direct involvement of President Donald Trump and Chinese President Xi Jinping, U.S. Treasury Secretary Scott Bessent said on Thursday.Two weeks after breakthrough n...Reuters
Thu, May 29
Trump taps Paul Ingrassia to head US Office of Special Counsel
WASHINGTON, May 29 (Reuters) - U.S. President Donald Trump on Thursday announced his intention to nominate Paul Ingrassia to lead the U.S. Office of Special Counsel.In a post on Truth Social, Trump praised Ingrassia for doing "a tremendous job" in his current role as White House liaison for ...Reuters
Thu, May 29
REFILE-Express Scripts sues to block Arkansas law barring PBM ownership of pharmacies
By Diana Novak Jones CHICAGO, May 29 (Reuters) - Express Scripts and several of its affiliated pharmacies filed a lawsuit on Thursday asking an Arkansas federal judge to overturn a state law set to go into effect next year that would ban pharmacy benefit managers from owning pharmacies.The lawsui...Reuters
Thu, May 29
At UN, US says Russia's Putin should take Ukraine ceasefire deal
US says will step back as mediator if Russia makes wrong choiceUS, Ukraine await Russia's ceasefire term sheetRussia says ball is in Ukraine's court By Michelle Nichols UNITED NATIONS, May 29 (Reuters) - The United States told the United Nations Security Council on Thursday that its propo...Reuters
Thu, May 29
Without Musk, DOGE likely to fizzle out, says ex-staffer
DOGE's future uncertain without Musk's leadership, says ex-staffer Ex-staffer Lavingia describes unclear objectives at DOGEDOGE says cost-cutting efforts saved $175 billion, but figures are disputedBy Alexandra Ulmer May 29 (Reuters) - Without billionaire Elon Musk in the Trump administra...Reuters
Thu, May 29
Marvell forecasts second-quarter revenue above estimates on strong demand for custom AI chips
By Priyanka G May 29 (Reuters) - Marvell Technology MRVL.O forecast second-quarter revenue above Wall Street estimates on Thursday, betting on strong demand for its custom chips powering artificial intelligence workloads in data centers. Demand for custom AI chips continues to fuel growt...Reuters
Thu, May 29
Skyworks names insider Robert Schriesheim as interim CFO after Dentinger withdraws
May 29 (Reuters) - Chipmaker Skyworks Solutions SWKS.O on Thursday named insider Robert Schriesheim as interim finance chief, after Mark Dentinger decided not to join the Apple supplier as previously announced.Dentinger, who was set to take over as CFO on June 2, will not be joining due to a medical...Reuters
Thu, May 29
