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HK stocks end higher on tech, materials boost; post weekly gains
  + stars: | 2021-06-25 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +2 min
** The Hang Seng index ended up 405.76 points or 1.4% at 29,288.22. The Hang Seng China Enterprises index rose 1.88% to 10,878.45. ** Leading the gains, the Hang Seng tech index and the Hang Seng materials index climbed 2.4% and 3.3%, respectively. ** The sub-index of the Hang Seng tracking energy shares rose 1.7%, while the IT sector rose 3.1%, the financial sector ended 0.75% higher and the property sector rose 0.18%. ** The top gainer on the Hang Seng was Meituan, which gained 4.76%, while the biggest loser was Sunny Optical Technology Group Co Ltd, which fell 1.58%.
Persons: HSI, Jerome Powell, Biden Organizations: HK, Shanghai, Stock, Seng China Enterprises, Optical Technology, Co, Hong, U.S . House, Representatives Foreign, Silicon Industry Locations: Shanghai, China, Hong Kong, U.S, Beijing, Xinjiang
U.S. House committee to consider sweeping China bill next week
  + stars: | 2021-06-25 | by ( ) www.cnbc.com sentiment -0.93   time to read: +1 min
Socially distanced members of Congress stand as US President Joe Biden addresses a joint session of Congress at the US Capitol in Washington, DC, on April 28, 2021. The U.S. House of Representatives Foreign Affairs Committee has scheduled a meeting on Wednesday to consider sweeping legislation to boost economic competitiveness and push Beijing on human rights, part of an ongoing effort in Congress to address competition with China. The Senate on June 8 passed by a strong bipartisan 68-32 majority its own sweeping China bill, the "U.S. House leaders opted not to take up and consider the Senate's legislation. House committees have instead been working on their own legislation, a process that could mean a months-long wait for any bill to be sent to the White House for Biden to sign into law.
Persons: Joe Biden, Joe Biden's, Gregory Meeks, Biden Organizations: U.S . House, Representatives Foreign, China, American Global Leadership, Congress, Foreign Affairs, Innovation, White Locations: Washington ,, Beijing, China, U.S
The House of Representatives on Wednesday passed a bill aimed at protecting older Americans in the workforce by making it easier to mount age-discrimination suits. The Protecting Older Workers Against Discrimination Act was introduced earlier this year by Reps. Bobby Scott, D-Va., and Rodney Davis, R-Ill. It aims to restore protections for workers age 40 and older that were eroded in a 2009 Supreme Court ruling, Gross v. FBL Financial Services, Inc. The decade-old decision made it more difficult for older workers to prove that they'd experienced discrimination based on age. "Ageism is not only harmful to workers, but for companies, too, who miss out on the experience and expertise older workers bring," said Nancy LeaMond, executive vice president and chief advocacy and engagement officer of AARP, in a statement.
Persons: Bobby Scott, Rodney Davis, Gross, Scott, Nancy LeaMond Organizations: FBL Financial, Inc, AARP Locations: Invest, Congress
Evercore has snagged a team of healthcare bankers from Citi and a Goldman Sachs banker. Bradley Wolff, head of West Coast life sciences at Citi, is departing for Evercore, two sources familiar with the matter told Insider. Before that he was a healthcare vice president at JPMorgan. Wolff, Yeh, Thomas, Verma, and Khanna did not respond to a request for comment. Earlier this month, Citi nabbed a Goldman partner to lead a new supergroup streamlining offerings in healthcare, consumer, and wellness.
Persons: Evercore, Goldman, Hank Yeh, Bradley Wolff, Wolff, Leerink Swan, Christopher Thomas, Prakhar Verma, Kunal Khanna, Yeh, Goldman Sachs, Thomas, Verma, Khanna, SVB Leerink, it's, Bob Jackey, Toby King, Christopher Gartin, Ben Carpenter Organizations: Citi, Goldman, Bank of America, JPMorgan, Representatives, Evercore, Deutsche Bank, Barclays Locations: Goldman Sachs, Coast, Evercore
REUTERS/Tingshu WangWASHINGTON, June 24 (Reuters) - The U.S. House of Representatives Foreign Affairs Committee has scheduled a meeting on Wednesday to consider sweeping legislation to boost economic competitiveness and push Beijing on human rights, part of an ongoing effort in Congress to address competition with China. Representative Gregory Meeks, chairman of the Foreign Affairs panel, introduced the Eagle Act last month. read moreThe Senate on June 8 passed by a strong bipartisan 68-32 majority its own sweeping China bill, the "U.S. House committees have instead been working on their own legislation, a process that could mean a months-long wait for any bill to be sent to the White House for Biden to sign into law. "Sullivan ... stressed the importance of linking our foreign policy objectives with making vital investments to grow our economy," the White House said in a statement.
Persons: Tingshu Wang WASHINGTON, Joe Biden's, Gregory Meeks, Biden, Jake Sullivan, Meeks, Michael McCaul, Sullivan, Patricia Zengerle, Matthew Lewis Organizations: REUTERS, U.S . House, Representatives Foreign, China, American Global Leadership, Congress, Foreign Affairs, Innovation, White, Biden National, Republican, Thomson Locations: American, Beijing, China, U.S, USICA, Washington
Republican Party outspends Democrats in May in bid to retake U.S. Congress
  + stars: | 2021-06-21 | by ( Jason Lange | ) www.reuters.com sentiment -0.99   time to read: +1 min
REUTERS/Cheriss May/File PhotoWASHINGTON, June 20 (Reuters) - The fundraising arm of the Republican Party raised less money in May than its Democratic counterpart but spent more, shelling out millions on efforts to win back Congress, as well as $175,900 at former President Donald Trump's Mar-a-Lago resort. Disclosures filed on Sunday with the Federal Election Commission showed the Republican National Committee raised $11.1 million last month, just below the $12.1 million raised by the Democratic National Committee. The RNC spent nearly $23 million during the month, more than twice what it raised, transferring $10 million to party committees that support candidates as the party prepares for next year's congressional elections. Democrats have narrow majorities in the U.S. Senate and the House of Representatives, and losing control of either in the November 2022 contests would be a blow to Democratic President Joe Biden's agenda. A Republican Party spokesperson said the $175,900 spent at Trump's Mar-a-Lago Club in Palm Beach, Florida, was to pay for the resort hosting part of an April retreat for Republican donors.
Persons: Cheriss, Donald Trump's Mar, Joe Biden's, Jason Lange, Soyoung Kim, Peter Cooney Organizations: U.S, Capitol, REUTERS, WASHINGTON, Republican Party, Democratic, Federal, Republican National Committee, Democratic National Committee, RNC, Facebook, U.S . Senate, Representatives, Republican, Trump's, Lago, Thomson Locations: Washington , U.S, Lago, U.S, Palm Beach , Florida
U.S. Senate Majority Leader Chuck Schumer (D-NY) talks to reporters following the Senate Democrats weekly policy lunch at the U.S. Capitol in Washington, U.S., June 15, 2021. Senate Majority Leader Chuck Schumer has scheduled a procedural vote for Tuesday to let the Senate begin debating an election reform bill. Manchin, a moderate Democratic senator, opposes a broader bill passed by the Democratic-led U.S. House of Representatives in March, and offered his own election reform ideas last week. read moreBut with Senate Republicans poised to withhold their support, Schumer is unlikely to get the 60 votes needed to begin debate on a bill. 'FEDERAL TAKEOVER'Republican lawmakers on Sunday reiterated their strong opposition to Democrats' federal election proposals.
Persons: Chuck Schumer, Evelyn Hockstein WASHINGTON, Kamala Harris, Joe Manchin, Schumer, Donald Trump's, Joe Biden, Lindsey Graham, Rob Portman, NBC's, Trump, Richard Cowan, Susan Cornwell, Soyoung Kim, Peter Cooney Organizations: U.S, Capitol, REUTERS, U.S . Senate, Democrats, Republican, Democrat, Democratic, House, Representatives, Republicans, Sunday, Fox, Press, Thomson Locations: Washington , U.S, U.S, Georgia, Florida, Iowa
REUTERS/Evelyn Hockstein/File PhotoWASHINGTON, June 21 (Reuters) - When the U.S. Senate this week votes on a sweeping election-reform bill, Republican Minority Leader Mitch McConnell will play a role he relishes: Roadblock to the Democratic agenda. McConnell earned the nicknames "Grim Reaper" and "Dr. No" after establishing a long track record for blocking Democratic initiatives stretching back into President Barack Obama's second term. "Mitch has been nothing but 'no' for a long time," Democratic President Joe Biden told reporters last week, as he prepared to return from Europe. "Not true," replied McConnell, who says he wants Biden to stick to moderate policies. A compromise plan offered by moderate Democratic Senator Joe Manchin, which Democrats could advance as an alternative, is unlikely to fare any better.
Persons: Mitch McConnell, Evelyn Hockstein, McConnell, Barack Obama's, Mitch, Joe Biden, Biden, Donald Trump, Joe Manchin, Kamala Harris, Chuck Schumer, It's, Mike Braun, Kyrsten Sinema, Kevin Cramer, Biden agenda's, Dick Durbin, John Barrasso, David Morgan, Scott Malone, Jonathan Oatis Organizations: Republicans, U.S, Capitol, REUTERS, WASHINGTON, U.S . Senate, Republican, Democratic, Biden, Democrats, Kentucky Republican, Indiana Republican, Reuters, Illinois Democrat, Representatives, Senate Republican, Thomson Locations: Washington , U.S, Europe, COVID, Illinois
WASHINGTON, June 21 (Reuters) - The White House will pursue other initiatives to boost voting rights even if a contentious federal bill to counter state voting restrictions passes the Senate, White House Press Secretary Jen Psaki said on Monday. "Even if the voting rights bill was sailing across the finish line with support of every member of Congress, there would still be more to be done," Psaki said. Senate Democrats spent the weekend trying to finalize a bill that could win the support of all 50 Democrats and independents in the 100-member chamber. President Joe Biden is appreciative of the efforts by Senator Joe Manchin to push the voting rights bill forward, Psaki said. Psaki said failure to pass the voting rights legislation would prompt new consideration of the legislative "filibuster" rule, which requires 60 votes to advance most legislation.
Persons: Jen Psaki, Psaki, Shannon Stapleton, Chuck Schumer, Joe Biden, Joe Manchin, Trevor Hunnicutt, Andrea Shalal Organizations: White House Press, Republican, Democrats, Franklin County Board, Columbus , Ohio U.S, REUTERS, Democratic, House, Representatives, Republicans, Thomson Locations: Pennsylvania, Florida, Arizona, Franklin County, Columbus , Ohio
Voting rights activists gather during a protest against Texas legislators who are advancing a slew of new voting restrictions in Austin, Texas, U.S., May 8, 2021. Republican-controlled legislatures in six competitive states have passed bills that voting rights advocates have denounced as partisan power grabs. "I've never seen .... such an outward assault on voting rights. Biden has tapped Vice President Kamala Harris to lead a national charge aimed at protecting voting rights. "Voting rights are under assault."
Persons: Mikala, Elizabeth Warren, Donald Trump's, Mitch McConnell, I've, Joe Biden, Biden, Kamala Harris, Wendy Weiser, Joe Manchin, John Lewis, I'm, Manchin, Chuck Schumer, Nancy Pelosi, Richard Cowan, Makini Brice, Cynthia Osterman Organizations: Texas, REUTERS, WASHINGTON, U.S, Senate Democrats, Republican, Democrats, Democratic, Republicans, Capitol, Wednesday, Representatives, Center for Justice, Moderate Democratic, Thomson Locations: Austin , Texas, U.S, Congress, Geneva, Pennsylvania, Florida, Arizona, West Virginia
Voting rights activists gather during a protest against Texas legislators who are advancing a slew of new voting restrictions in Austin, Texas, U.S., May 8, 2021. Warnock said Manchin's ideas were "very significant" because they could unite the 48 Senate Democrats and two independents, boosting chances for passing a bill. Republican Senator Mike Lee said he believed the voting rights bill would hurt his party's electoral chances: "This bill isn't about strengthening democracy. Senate Democrats' first preference would be to pass a version of the "For the People" bill approved by the House of Representatives in March. Manchin, a former West Virginia state election official, has proposed revisions that include requiring voters to prove their identities.
Persons: Mikala, Joe Manchin, Raphael Warnock, Warnock, Mitch McConnell, Donald Trump's, Trump, Amy Klobuchar, We'll, Mike Lee, whohold, Elizabeth Warren, Wendy Weiser, John Lewis, Chuck Schumer, Nancy Pelosi, Richard Cowan, Makini Brice, Cynthia Osterman Organizations: Texas, REUTERS, WASHINGTON, U.S, Senate Democrats, Democratic, Republican, Center for Justice, Democrats, Representatives, Thomson Locations: Austin , Texas, U.S, Georgia, United States, Pennsylvania, Florida, Arizona, West Virginia
Big Tech in focus next week as U.S. House panel votes on new bills
  + stars: | 2021-06-16 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
House Judiciary Chairman Jerry Nadler (D-NY), speaks during a House Judiciary Committee hearing on "Policing Practices and Law Enforcement Accountability" on Capitol Hill in Washington, DC, U.S. June 10, 2020. Graeme Jennings/Pool via REUTERS/FilesWASHINGTON, June 16 (Reuters) - The U.S. House Judiciary Committee will vote next week on a package of recently introduced antitrust bills including several targeting the market power of Big Tech, committee chair Jerry Nadler said on Wednesday. Five antitrust bills were introduced last week in the House of Representatives. Two of the bills introduced last week address the issue of giant companies, such as Amazon.com Inc (AMZN.O) and Alphabet Inc’s (GOOGL.O) Google, creating a platform for other businesses and then competing against those same businesses. A top antitrust Republican, Representative Ken Buck, said he had been skeptical of the need for additional antitrust enforcement but had changed his mind.
Persons: Jerry Nadler, Graeme Jennings, David Cicilline, Ken Buck, Chris Sanders, Franklin Paul Organizations: U.S . House, Big Tech, Representatives, Amazon.com Inc, Google, Amazon, Apple, Facebook, Republican, Democratic, Observers, Franklin Paul Our, Thomson Locations: Washington , DC, U.S, WASHINGTON, iPhones
U.S. House panel to vote on antitrust bills next week
  + stars: | 2021-06-16 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
House Judiciary Chairman Jerry Nadler (D-NY), speaks during a House Judiciary Committee hearing on "Policing Practices and Law Enforcement Accountability" on Capitol Hill in Washington, DC, U.S. June 10, 2020. Graeme Jennings/Pool via REUTERS/FilesWASHINGTON, June 16 (Reuters) - The U.S. House Judiciary Committee's antitrust panel next week will begin reviewing five recently introduced antitrust bills including several targeting the market power of Big Tech, Committee chair Jerry Nadler said on Wednesday. Five antitrust bills were introduced last week in the House of Representatives. They will be marked up in committee to consider changes and then voted on by the panel to decide whether the full House should vote on the measures. read moreThese bills -- one of which would force companies to sell businesses -- have attracted the most opposition.
Persons: Jerry Nadler, Graeme Jennings, Chris Sanders, Franklin Paul Organizations: U.S . House, Big Tech, Representatives, Amazon.com Inc, Google, Amazon, Observers, Franklin Paul Our, Thomson Locations: Washington , DC, U.S, WASHINGTON, iPhones
US President Donald Trump speaks at an event honoring Bay of Pigs veterans in the East Room of the White House in Washington, DC on September 23, 2020. In his final days in office, former President Donald Trump pressured top Department of Justice officials to challenge his election loss to President Joe Biden, the House Oversight Committee said Tuesday. The documents show, among other allegations, that Trump in December pressed the Justice Department to file a Supreme Court lawsuit to nullify the election, the committee said. The dump of new materials came hours before the Oversight Committee was set to hold its second hearing on the deadly Jan. 6 Capitol invasion. The committee has also requested transcribed interviews with Mark Meadows, Trump's White House chief of staff at the time, along with four Justice Department officials.
Persons: Donald Trump, Joe Biden, Trump, Carolyn Maloney, Trump's, Mark Meadows Organizations: White, of Justice, Justice Department, Department, Representatives, Trump Locations: Washington , DC
Barclays has hired a director in investment-grade bond trading from Bank of America. David Holliday will join later this summer, trading credit in technology, media, and telecoms. LinkedInDavid Holliday resigned from Bank of America this week, where he was a director in investment-grade credit trading, sources told Insider. Credit traders have been in high demand in recent months, and Bank of America and Barclays have each factored into the talent battle. Barclays lost several senior credit traders last month, including US cohead of credit trading John Cortese to Apollo.
Persons: David Holliday, LinkedIn David Holliday, Dan Krasner, Holliday, John Cortese, Dan Jacobson, Morgan Stanley, Matt Quarello Organizations: Barclays, Bank of America, Wall, LinkedIn, He's, Representatives, May Barclays, Bloomberg, UBS Locations: Bank, BofA
Two Republican U.S. senators introduce antitrust bill
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew KellyRepublican Senators Mike Lee and Chuck Grassley introduced a bill on Tuesday that would move all antitrust enforcement to the Justice Department, stripping the Federal Trade Commission and Federal Communications Commission of antitrust authority, Lee's office said on Monday. The Justice Department's Antitrust Division and the FTC currently divide up the work of antitrust enforcement, with the FCC weighing in on telecommunications deals. The bill would increase the budget of the Justice Department's Antitrust Division to $600 million. That is sharply higher than the Biden administration proposal for the next fiscal year that would give the FTC $389.8 million and the Antitrust Division $201 million.
Persons: Andrew Kelly, Mike Lee, Chuck Grassley, Kamala Harris, Grassley, Lee, Biden Organizations: Federal Trade Commission, Washington , D.C, REUTERS, Justice Department, Federal Communications Commission, Department's Antitrust, FTC, Democratic, House, Representatives, Republican, Committee, Big Tech, Justice Department's Antitrust, Antitrust, Thomson Locations: Washington ,, U.S
WASHINGTON—President Biden revoked executive orders targeting the Chinese-owned TikTok and WeChat apps initiated by former President Donald Trump and signed a new order requiring security reviews of these and other apps in the jurisdiction of foreign adversaries. U.S. officials have maintained that TikTok, WeChat and other Chinese-owned apps collect data that could be shared with China’s authoritarian government. The Wall Street Journal reported in February that the Biden administration had shelved the Trump administration’s plan to force a sale of TikTok amid legal challenges. The action is the latest sign of the Biden administration’s emerging China policy, which represents a tougher approach acknowledging Beijing’s economic and geopolitical strength. Notably, the Biden administration plans to seek more involvement of other friendly countries in its efforts to police data practices of apps based in potentially unfriendly countries.
Persons: Biden, Donald Trump, Trump, wasn’t, Sen, Josh Hawley, , didn’t, Zoë Soriano, TikTok, Vladimir Putin, ByteDance, John D, McKinnon, Alex Leary Organizations: WASHINGTON, Commerce Department, Trump, Biden, Mr, U.S, Representatives, WeChat, Tencent Holdings Ltd, Street, NATO, Technology, ByteDance Ltd, Locations: China, U.S, Mo, Beijing, Shenzhen, People’s Republic of China, Xinjiang, United States, john.mckinnon, alex.leary
Wall Street reverses, closing lower ahead of inflation report
  + stars: | 2021-06-09 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +4 min
NEW YORK (Reuters) - Wall Street stocks ended lower on Wednesday, reversing earlier gains as institutional investors awaited inflation data for clues as to when the U.S. Federal Reserve might tighten its dovish monetary policy. FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File PhotoThe retail “meme stock” craze continued unabated. However, other meme stocks such as Clover Health, AMC Entertainment and Bed Bath & Beyond reversed course to close lower. “It feels like alternative stock market,” Carlson added.
Persons: Carlo Allegri, , Chuck Carlson, , ” Carlson, Joe Biden, Shelley Capito, Campbell Soup, Biden, Drugmaker Organizations: YORK, U.S . Federal, New York Stock Exchange, REUTERS, Horizon Investment, Aethlon, GEO Group, Wrestling Entertainment, Clover Health, AMC Entertainment, Vanda Research, GameStop Corp, GameStop, Dow, Washington, Representatives, Philadelphia, Labor, Dow Jones, Nasdaq, Treasury, Pfizer Inc, Washington Post, Drugmaker Merck, Co Locations: Manhattan, New York City , New York, U.S, Hammond , Indiana, States
U.S. to issue COVID-19 rule for healthcare workers on Thursday
  + stars: | 2021-06-09 | by ( Daniel Wiessner | ) www.reuters.com sentiment -0.99   time to read: +1 min
REUTERS/Kevin LamarqueThe U.S. workplace regulator will publish a rule on Thursday requiring healthcare employers to take steps to protect workers from COVID-19, U.S. Secretary of Labor Marty Walsh told a congressional panel on Wednesday. The Occupational Safety and Health Administration will also release non-binding guidance on how other businesses can protect workers, Walsh told a hearing of the U.S. House of Representatives Education and Labor Committee. During the Trump administration, OSHA rejected calls by unions, Democrats and worker advocates for a rule that would apply to most employers. Instead, the agency issued a series of non-binding guidance documents tailored to different industries. He said the guidance would apply to the treatment of workers who have not received COVID-19 vaccines.
Persons: Kevin Lamarque, Marty Walsh, Walsh, Trump, Tim Walberg, let's, Walberg, we’re Organizations: REUTERS, Occupational Safety, Health Administration, U.S . House, Representatives Education, Labor, OSHA, Republican, U.S . Centers for Disease Control, Thomson Locations: Falls Church , Virginia, U.S, COVID, Michigan
U.S. stocks end lower ahead of inflation report
  + stars: | 2021-06-09 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +4 min
However, other meme stocks such as Clover Health (CLOV.O), AMC Entertainment (AMC.N) and Bed Bath & Beyond (BBBY.O) closed lower. "It feels like alternative stock market," Carlson added. A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. Among the 11 major sectors in the S&P 500, healthcare gained the most. The S&P 500 posted 38 new 52-week highs and two new lows; the Nasdaq Composite recorded 126 new highs and 14 new lows.
Persons: Chuck Carlson, Carlson, Matt Furlong, Joe Biden, Shelley Capito, Shannon Stapleton, Campbell, Biden, Drugmaker, advancers Organizations: U.S . Federal, Horizon Investment, Aethlon, GEO, Wrestling Entertainment, Clover Health, AMC Entertainment, Vanda Research, GameStop Corp, GameStop, U.S, New York Stock Exchange, REUTERS, Representatives, Philadelphia, Semiconductor, Labor, Dow Jones, Nasdaq, Treasury, Pfizer Inc, Washington Post, Drugmaker Merck, Co, NYSE, Thomson Locations: Hammond , Indiana, New, New York City , New York, U.S, Washington, States
CNN published audio of Rudy Giuliani asking Ukraine to investigate Joe Biden in 2019. Giuliani is heard saying that Ukraine's president should announce an investigation into Biden. Shortly after the Giuliani call, Trump pressed Ukraine's president to investigate Biden, which prompted his first impeachment. CNN has published a leaked 2019 audio of Rudy Giuliani, the lawyer of then-President Donald Trump, pressing an Ukrainian official Ukraine to investigate Joe Biden. It would go a long way with the President to solve the problems," Giuliani can be heard saying.
Persons: Rudy Giuliani, Joe Biden, Giuliani, Trump, Biden, Donald Trump, Volodymyr Zelensky, CNN — Giuliani, Zelensky, Joe Biden's, Read, Biden Witnesses, Trump's, Hunter, George Kent Organizations: CNN, Biden, Ukrainian, Trump, Democratic, Representatives, Republican, Justice Department, State Department Locations: Ukraine, US, Trump, Ukrainian
Vermont governor Phil Scott speaks to the press in his offices at the State Legislature in Montpelier, Vermont, U.S., March 13, 2018. The law signed by Governor Phil Scott makes permanent a universal mail-in voting system that Vermont adopted in 2020 to address the challenges to voting in person during the COVID-19 pandemic. It puts Vermont in the company of just six other U.S. states that automatically mail ballots to all eligible voters. Pending bills to expand early voting and voter identification options in Louisiana and Indiana, both states Trump handily carried in November, also have Republican support. Sweren-Becker said the voting expansions in both states and Vermont reflect the fact that none of the states are highly competitive in general elections.
Persons: Phil Scott, Muschi, Donald Trump, Trump, Corey Parent, Scott, Parent, Biden, Kentucky's, Eliza Sweren, Becker, Michael Adams, Adams, Jon Echols, Echols Organizations: State, REUTERS, Republican, Monday, Republicans, Trump, Reuters, Vermont, Kentucky's Republican, Brennan Center for Justice, Democratic, Representatives, . Postal Service, Thomson Locations: Montpelier , Vermont, U.S, Vermont, Georgia, Florida, Arizona, Kentucky, Oklahoma, Louisiana, Indiana, Texas, In Oklahoma
China’s Emerging Tech Firms Grapple With Losses
  + stars: | 2021-06-07 | by ( Chong Koh Ping | ) www.wsj.com + 0.00   time to read: +6 min
The red ink is piling up at China’s emerging technology champions, as these companies spend heavily in a bid to spur new market segments. Sales are soaring at companies such as food-delivery company Meituan, 3690 -0.73% e-commerce group Pinduoduo Inc. PDD -0.96% and short-video specialist Kuaishou Technology, 1024 0.19% after the pandemic helped turbocharge demand for online services. At the same time, these companies are sustaining substantial losses as they prioritize long-term opportunities over immediate profitability—and their shares are sliding. E-commerce group Pinduoduo has recorded a net loss for every one of the 12 quarters it has reported since going public in 2018. Numerous groups are jockeying for position in this market, including the longer-established e-commerce heavyweights Alibaba and JD.com Inc.
Persons: We’ll, Wang Xing, Chuxing, , Kuaishou, , , Ming Lu, Chan Long Hei, Alibaba, Steve Chow, Chow, Aras Poon, Pinduoduo, Yan, Tam Tsz Wang, Daniel Zhang, Tam, , Chong Koh Ping Organizations: Pinduoduo Inc, Technology, Revenue, Amazon.com Inc, DoorDash, Tencent Holdings, Alibaba, Holding, BABA, Representatives, Aequitas Research, Bloomberg, JD.com Inc, ABCI Securities, Nasdaq, DBS Bank Locations: Hong Kong, American, China, Meituan, Shanghai, Beijing
A radio host suggested to Trump that he should run for a House seat in 2022 and become Speaker. Trump could, theoretically, become House Speaker — but experts say it is very unlikely. Former President Donald Trump has shown interest in running for a House seat in 2022 in a bid to became Speaker and consequently launch an impeachment investigation against President Joe Biden, Right Wing Watch first reported. "Then you become the Speaker of the House, lead the impeachment of Biden and start criminal investigations against Biden. To become Speaker of the House, Trump would have to win a congressional seat, flip the House of Representatives, and win the support of Republican lawmakers.
Persons: Trump, , Donald Trump, Joe Biden, Wayne Allyn Root, Biden, you'll, Root, You'll, Steve Bannon, Nancy Pelosi, Bannon Organizations: Senate, Wing Watch, Trump, Congress, Wing, United States Congress, Boston Republicans, Boston Herald, Herald, Representatives, Republican, Politifact Locations: Florida
The bank was among many corporations that paused political giving following the deadly Jan. 6 Capitol riots when supporters of former president Donald Trump tried to stop Congress from certifying the election. JPMorgan noted that its PAC is an important tool for engaging in the political process in the United States. PACs are political committees organized for the purpose of raising cash to support or in some cases oppose election candidates. Since the initial January backlash, corporations have been grappling with how to resume PAC spending, seen by lobbyists as important for gaining access to policymakers, without alienating other stakeholders, including their employees who fund the PACs. Commercial banks overall have ramped up political spending in recent years, dishing out $14.6 million to federal candidates in the 2020 cycle, the second highest amount since 1990, the data shows.
Persons: Stephanie Keith JPMorgan, Joe Biden's, Donald Trump, Trump, Morgan Stanley's Organizations: JPMorgan, REUTERS, Stephanie Keith JPMorgan Chase &, Republican, Reuters, Representatives, Electoral, Committee, Biden's, Morgan Stanley's PAC, American Bankers Association PAC, PAC, Center for Responsive, Republicans, Thomson Locations: New York City, U.S, United States
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