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☆ Why America Isn’t Ready for the EV Takeover
▼ + stars: | 2023-06-10 | by ( Christopher Mims | ) www.wsj.com time to read: 1 min

The adoption of electric vehicles represents the biggest shift in our energy and transportation systems in more than a century—but it’s also the biggest shift in consumer electronics since the debut of the iPhone. On both counts, progress is accelerating in the U.S. And on both counts, we are far from where we need to be.

Persons: it’s Locations: U.S

☆ A Destructive Trump Indictment
▼ + stars: | 2023-06-10 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Breaking the news on his social media platform, Truth Social, Donald Trump responded to federal charges of violating laws related to his handling of classified documents. Images: Truth Social/Getty Images Composite: Mark KellyWhether you love or hate Donald Trump, his indictment by President Biden’s Justice Department is a fraught moment for American democracy. For the first time in U.S. history, the prosecutorial power of the federal government has been used against a former President who is also running against the sitting President. This is far graver than the previous indictment by a rogue New York prosecutor, and it will roil the 2024 election and U.S. politics for years to come.

Persons: Donald Trump, Mark Kelly Organizations: Biden’s Locations: York

☆ U.S. Puts Chinese Company With Kentucky Ties on Forced Labor Ban List
▼ + stars: | 2023-06-10 | by ( Richard Vanderford | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: kentucky

[1/2] Florida Governor and Republican presidential candidate Ron DeSantis speaks at the North Carolina Republican Party convention in Greensboro, North Carolina, U.S. June 9, 2023. REUTERS/Jonathan DrakeWASHINGTON, June 9 (Reuters) - Florida Governor Ron DeSantis criticized the indictment of rival Republican presidential candidate Donald Trump on Friday, saying there had been what he called double standards in issuing charges. "Is there a different standard for a Democrat Secretary of State versus a former Republican president?" Biden and top officials have repeatedly said the Justice Department is acting independently. And that's what we've seen," said DeSantis, who is running a distant second behind Trump in opinion polls for the Republican nomination.

Persons: Ron DeSantis, Jonathan Drake WASHINGTON, Donald Trump, DeSantis, Trump, Hillary, Hillary Clinton, Barack Obama, Clinton, Joe Biden, Biden, Kanishka Singh, Rosalba O'Brien Organizations: Florida Governor, Republican, North Carolina Republican Party, REUTERS, Trump, U.S . State Department, FBI, White House, Republicans, Democratic, Justice Department, Thomson Locations: Greensboro , North Carolina, U.S, Florida, Washington

WASHINGTON, June 9 (Reuters) - American Airlines (AAL.O) and JetBlue Airways (JBLU.O) asked a U.S. judge late Friday to allow them to continue mutual frequent flyer recognition and codeshare arrangements. Codeshares allow multiple airlines to sell seats for the same flight. The Justice Department said Sorokin should reject the airlines "invitation to craft a new 'NEA Lite' on the fly." American is the largest U.S. airline by fleet size and low-cost carrier. Separately, the Justice Department filed suit in March aimed at stopping JetBlue from buying discount rival Spirit Airlines (SAVE.N).

Persons: Leo Sorokin, Sorokin, David Shepardson, Diane Craft Organizations: American Airlines, JetBlue Airways, District, Northeast Alliance, NEA, Justice Department, American, JetBlue Boston, U.S, JetBlue, Department, Spirit Airlines, Thomson Locations: New York, Boston, Washington, York, JFK, LaGuardia, Newark

☆ Reactions to charges against Donald Trump in classified documents case
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +4 min

[1/3] Former U.S. President and Republican presidential candidate Donald Trump gestures during a campaign event in Manchester, New Hampshire, U.S., April 27, 2023. REUTERS/Brian SnyderJune 9 (Reuters) - Court documents made public on Friday detailed 37 criminal counts against former U.S. President Donald Trump, including charges of unauthorized retention of classified documents and conspiracy to obstruct justice after he left the White House in 2021. *Senator John Barrasso, chairman of the Senate Republican Conference“This indictment certainly looks like an unequal application of justice. Hillary Clinton had a computer server in her house with classified documents. It feels political, and it’s rotten.”*Democratic Senator Debbie Stabenow"He stored highly classified documents in his bathroom!?

Persons: Donald Trump, Brian Snyder, Jack Smith, Kevin McCarthy, we're, Joe Biden, General Merrick Garland, Trump, Biden, I’m, Ron DeSantis, DeSantis, Hillary, Chris Christie, Donald Trump's, Sarah Matthews, Daniel Richman, John Barrasso, Biden’s, Hillary Clinton, Debbie Stabenow, Todd Huntley, Andy Briggs, Matt Bennett, Trump’s, Republican Representative Denver, —, Jonathan Oatis, Leslie Adler Organizations: U.S, Republican, REUTERS, White House, Fox News, Twitter, Trump, GOP, Republicans, Columbia Law School, Senate Republican Conference, Georgetown University, Republican U.S, Republican Representative, intel, Reuters, Thomson Locations: Manchester , New Hampshire, U.S, United States, Ron DeSantis , Florida, New Jersey, Delaware

☆ Messi in Beijing for friendly before move to Miami
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, June 10 (Reuters) - Argentine superstar Lionel Messi arrived in Beijing on Saturday for a friendly match before leaving a storied European career to join Major League Soccer side Inter Miami as a free agent. Messi, who lifted the World Cup in Qatar in December and is widely considered to be one of the game's all-time greats, confirmed this week he will leave French champions Paris St Germain for the U.S. league. This is the Argentina captain's seventh visit to China and his first since 2017. Australia and Argentina last met at the 2022 World Cup in Qatar in the round of 16, where Messi was among the scorers as his team won 2-1. Reporting by Reuters newsroom; Writing by Martin Pollard and Engen Tham; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Lionel Messi, Messi, Paris St Germain, Martin Pollard, Engen, William Mallard Organizations: Argentine, Major League Soccer, Inter Miami, Football, Weibo, Workers, Paris St, U.S ., men's, Reuters, Thomson Locations: SHANGHAI, Beijing, Thursday's Argentina, Australia, Qatar, Argentina, China

☆ Lionel Messi in Beijing for friendly before move to Miami
▼ + stars: | 2023-06-10 | by ( ) www.cnbc.com time to read: 1 min

A man walks past a poster of a upcoming football invitational match between Argentina and Australia at a bus stop in Beijing on June 9, 2023. Argentine superstar Lionel Messi arrived in Beijing on Saturday for a friendly match before leaving a storied European career to join Major League Soccer side Inter Miami as a free agent. His arrival was announced in a post on the organizer International Football Invitation's official Weibo social media site with a video of players stepping off a plane, ahead of Thursday's Argentina-Australia match in the Chinese capital's recently rebuilt Workers' Stadium. Messi, who lifted the World Cup in Qatar in December and is widely considered to be one of the game's all-time greats, confirmed this week he will leave French champions Paris St Germain for the U.S. league.

Persons: Lionel Messi, Messi, Paris St Germain Organizations: Argentine, Major League Soccer, Inter Miami, Football, Weibo, Workers, Paris St, U.S . Locations: Argentina, Australia, Beijing, Thursday's Argentina, Qatar

NEW YORK, June 9 (Reuters) - Bankrupt crypto exchange FTX received court permission on Friday to remove customer names from all filings in its bankruptcy case, persuading a U.S. judge that publishing the names would put people at risk of scams and identity theft. U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, ruled that FTX can permanently redact the names of individual customers from its bankruptcy filings, after hearing testimony that publishing customers' names would place them at risk even if other identifying information like their email address was kept secret. In January, Dorsey had allowed FTX to keep secret the names of 9 million of its individual customers for three months. On Friday, Dorsey also authorized FTX to remove the names of companies and institutional investors from its customer lists on a temporary basis, saying FTX will have to make a new request in 90 days. FTX founder Sam Bankman-Fried and several company insiders have been indicted on fraud charges for their role in the company's collapse.

Persons: FTX, John Dorsey, Dorsey, liquidators, Sam Bankman, Dietrich Knauth, Alexia Garamfalvi, Rosalba O'Brien Organizations: YORK, FTX's, Bahamian, FTX, Thomson Locations: U.S, Wilmington , Delaware, Bahamas, Delaware

June 9 (Reuters) - The White House on Friday said electric-vehicle charging stations using Tesla (TSLA.O) standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well. The statement follows separate announcements by U.S. automakers Ford Motor (F.N) and General Motors (GM.N) that they were adopting the Tesla model of charging, known as the North American Charging Standard (NACS). Tesla shares rose 4.1%. Some of them said on Friday that they would work to adapt to the Tesla standard. [1/2] Tesla charging stations are pictured in a parking lot in Shanghai, China March 13, 2021.

Persons: Biden, Tesla, Robyn Patterson, Patterson, Tesla's, Oleg Logvinov, Aly, Logvinov, Sam Houston, Danni Hewson, AJ Bell, Blink, Jonathan Levy, We've, They've, Asaf Nagler, ChargePoint, Jarrett Renshaw, Abhirup Roy, Hyunjoo Jin, Chavi Mehta, Bhanvi, Sayantani Ghosh, David Gaffen, Peter Henderson, Matthew Lewis Organizations: U.S, Ford Motor, General Motors, American, CCS, Analysts, Ford, GM, EV, Reuters, Volkswagen, Hyundai Motor, Kia, IoTecha, REUTERS, CharIN, Union of Concerned, Tesla, ABB, America, Thomson Locations: United States, Shanghai, China, CharIN North America, Swiss, Philadelphia, San Francisco, Bengaluru

☆ U.S. Puts Companies On Notice Not to Supply Drone Parts to Iran
▼ + stars: | 2023-06-09 | by ( Dylan Tokar | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: iran

☆ U.S. Chamber of Commerce Challenges Federal Government’s New Drug-Price Powers
▼ + stars: | 2023-06-09 | by ( Joseph Walker | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

The benchmark S&P 500 (.SPX) built on Thursday's 20% rise from its Oct. 12 finishing low, heralding the start of a new bull market as defined by some market participants. The S&P 500 (.SPX) gained 4.93 points, or 0.11%, at 4,298.86, taking this week's advance to 0.38% and extending its winning streak to four weeks, the longest since the July-August 2022 period. The Dow Jones Industrial Average (.DJI) rose 43.17 points, or 0.13%, to 33,876.78, for a weekly gain of 0.33%. Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.84-to-1 ratio favored decliners. The S&P 500 posted 15 new 52-week highs and five new lows; the Nasdaq Composite recorded 84 new highs and 53 new lows.

Persons: Dow Jones, Tim Holland, Brendan McDermid, Rick Meckler, Wells, Sruthi Shankar, Shristi, Vinay Dwivedi, Richard Chang Organizations: Adobe, Citi, Nasdaq, Tesla Inc, General Motors Co, GM, Orion, Dow Jones, Apple Inc, Devices, Nvidia Corp, NYSE, American Stock Exchange, New York Stock Exchange, REUTERS, Brendan McDermid Traders, Cherry Lane Investments, Target Corp, Adobe Inc, Netflix Inc, Thomson Locations: Wells Fargo, New York City, U.S, Bengaluru

MILAN, June 9 (Reuters) - Telecom Italia (TIM) (TLIT.MI) said on Friday it received two new offers for its landline grid as Italy's biggest telecoms group seeks to resolve the impasse over the sale of its main asset. U.S. fund KKR (KKR.N) and a rival consortium comprising state lender CDP and Australian fund Macquarie (MQG.AX) separately submitted bids for Telecom Italia's network, according to a statement. Debt-crippled TIM had sought improved offers for its most valuable asset after having assessed as not yet adequate the proposals received in May. The antitrust problems are linked to CDP and Macquarie's owning fibre optic wholesale provider Open Fiber. Treasury-owned CDP is the second-largest investor in TIM after France's Vivendi (VIV.PA) with a 10% stake.

Persons: Pietro Labriola's, Akriti Sharma, Elvira Pollina, Marguerita Choy, Leslie Adler Organizations: MILAN, Telecom Italia, KKR, Macquarie, Telecom Italia's, TIM, Treasury, France's Vivendi, Thomson Locations: Bengaluru, Milan

Trump mishandled classified documents that included information about the secretive U.S. nuclear program and potential domestic vulnerabilities in the event of an attack, the federal indictment said. Unauthorized disclosure of classified documents posed a risk to U.S. national security, foreign relations, and intelligence gathering, prosecutors said. Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Manchester, New Hampshire, U.S., April 27, 2023. The indictment also alleges Trump conspired with Nauta to keep classified documents Trump had taken from the White House and hide them from a federal grand jury. The case does not prevent Trump from campaigning or taking office if he were to win the November 2024 presidential election.

Persons: Donald Trump, Trump, John Rowley, Jim, Walt Nauta, Jack Smith, Smith, General Merrick Garland, Trump’s, Matt Bennett, Joe Biden, Biden, Brian Snyder, Lago, Nauta, Aileen Cannon, Cannon, Sarah N, Lynch, Jonathan Stempel, Jack Queen, Jacqueline Thomsen, Karen Freifeld, Nathan Layne, Heather Timmons, Nandita Bose, Andy Sullivan, Noeleen Walder, Howard Goller Organizations: U.S, White House, The Justice Department, Trump, Republican, Reuters, Democratic, Former U.S, REUTERS, White, Mar, Pentagon, CIA, National Security Agency, Department of Energy, Prosecutors, Defense Department, FBI, TRUMP, AS, Democrat, Biden, Thomson Locations: Lago, Florida, Miami, United States, U.S, Former, Manchester , New Hampshire, New Jersey, Mar, New York, Georgia

☆ Wall Street Week Ahead: Investors rethink recession plays, boosting U.S. stock market laggards
▼ + stars: | 2023-06-09 | by ( David Randall | ) www.reuters.com time to read: +5 min

"There's reason to believe that the pessimism we saw at the start of the year is giving way to a stronger-than-expected market." Murray has increased his allocation to small-cap stocks, which tend to be among the most direct beneficiaries of economic growth. Other rebounding segments in June include the S&P 500 energy sector, which has gained 6% this month and S&P 500 industrials, up 5.7%. Ten of the 11 S&P 500 sectors are firmer for the month to date, compared to only six for the year. Stronger-than-expected jobs growth and robust consumer spending have been among the data points that have bolstered investors' economic outlook.

Persons: Tim Murray, T Rowe Price's, Murray, Russell, Dow, Howard Silverblatt, Goldman Sachs, Saira Malik, Max Wasserman, David Randall, Saqib Iqbal Ahmed, Lewis Krauskopf, Ira Iosebashvili, Richard Chang Organizations: YORK, Energy, Reuters, Apple Inc, Microsoft Corp, Inc, Amazon.com Inc, Nvidia Corp, Tesla Inc, Dow Jones, Capital Economics, Miramar Capital, Starbucks Corp, Target Corp, Thomson Locations: U.S

REUTERS/Carlos BarriaJune 9 (Reuters) - The largest U.S. business group on Friday urged President Joe Biden him to intervene immediately and appoint an independent mediator to address a protracted West Coast ports labor dispute. West Coast ports stretching from California to Washington state are critical to U.S. supply chains and the nation's economy. U.S. Chamber of Commerce CEO Suzanne Clark in a letter to Biden cited "continued and potentially expanded service disruptions at these ports heading into peak shipping season." Workers reported for duty on Thursday and Friday at the Port of Los Angeles, officials said. "Operations going into the weekend seem to be the most normal they've been" since labor disruptions started late last week, Los Angeles port spokesman Phillip Sanfield said, adding that the port has limited weekend hours.

Persons: Carlos Barria, Joe Biden, Suzanne Clark, Biden, Phillip Sanfield, David Shepardson, Chizu Nomiyama, Mark Potter Organizations: Shipping, Port, REUTERS, . Chamber of Commerce, Pacific Maritime Association, Warehouse Union, Workers, Retailers, Thomson Locations: Oakland, Oakland , California, U.S, West Coast, California, Washington, Seattle, Tacoma, Los Angeles, Long, Port of Los Angeles, San Francisco, East Coast, Gulf of Mexico, Asia, Panama

☆ Great Books Can Heal Our Divided Campuses
▼ + stars: | 2023-06-09 | by ( Andrew Delbanco | ) www.wsj.com time to read: 1 min

Fifty years ago, Allan Bakke, a white military veteran with a solid academic record, was turned down for medical school at the University of California, Davis. Bakke filed suit, claiming that when the university set aside 16 seats for racial minorities, it violated his right to equal protection under the 14th Amendment. Eventually the case reached the U.S. Supreme Court, which ruled the quota unconstitutional and ordered that he be admitted.

Persons: Allan Bakke, Davis, Bakke Organizations: University of California, U.S, Supreme

☆ US judge rejects 3M effort to resolve earplug lawsuits in bankruptcy
▼ + stars: | 2023-06-09 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

NEW YORK (Reuters) -A U.S. judge on Friday dismissed the bankruptcy of 3M subsidiary Aearo Technologies, rejecting an effort to resolve nearly 260,000 lawsuits alleging that 3M military earplugs caused hearing loss for veterans and U.S. service members. 3M and Aearo had argued that the earplug litigation had spiraled out of control and could be resolved only in bankruptcy. Graham acknowledged that the earplug litigation was “staggering,” representing 30% of all cases currently pending in the federal district courts. Those appeals could “fundamentally change the trajectory” of the earplug lawsuits, 3M said. 3M’s bankruptcy strategy mirrors a similar effort by Johnson & Johnson, which has attempted to resolve lawsuits through the bankruptcy of a newly created subsidiary, LTL Management.

Persons: Brendan McDermid, Jeffrey Graham, Aearo, Graham, Bryan Aylstock, Chris Seeger, ” “, ” Aylstock, Seeger, Johnson, J, LTL Organizations: YORK, Aearo Technologies, New York Stock Exchange, REUTERS, 3M, Aearo, U.S, Circuit, Johnson, LTL Management Locations: U.S, New York City, Indianapolis, Pensacola , Florida, Florida

☆ Fact Check-Claims that Donald Trump won’t pay his lawyers originated as satire
▼ + stars: | 2023-06-09 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Claims that former U.S. President Donald Trump has refused to pay his lawyers until they convince the Department of Justice (DOJ) to drop a rumored indictment against him originated as satire, although some social media users were apparently duped into thinking they are real. @HalfwayPost regularly shares satirical content and has the following written on its bio: “Dada news. Reuters has previously debunked satirical claims taken seriously that stemmed from this account (here), (here), (here). These claims originated from a satirical account. This article was produced by the Reuters Fact Check team.

Persons: Donald Trump, ”, Trump, “, Read Organizations: of Justice, DOJ, ” Reuters, Reuters

☆ Joe Biden: Never Bet Against the American Economy
▼ + stars: | 2023-06-09 | by ( Joe Biden | ) www.wsj.com time to read: 1 min

Wonder Land: Republican presidential hopefuls Ron DeSantis, Mike Pence, Nikki Haley, Tim Scott, Chris Christie, Vivek Ramaswamy and maybe even Donald Trump are united on spending. All offer a much safer future than the alternative. Images: Reuters/Zuma Press Composite: Mark KellyI wrote in these pages a year ago that with the right policies, the U.S. could make a transition from rapid recovery to stable, steady growth with lower inflation, sustaining the historic economic gains that American workers had achieved. I also expressed my confidence in our ability to rebuild the economy from the middle out and the bottom up and move beyond the failed trickle-down economic policies of the past so that the economy works for working families.

Persons: Ron DeSantis, Mike Pence, Nikki Haley, Tim Scott, Chris Christie, Vivek Ramaswamy, Donald Trump, Mark Kelly I Organizations: Republican, Zuma Locations: U.S

☆ Netflix Subscriptions Jump as U.S. Password-Sharing Crackdown Begins
▼ + stars: | 2023-06-09 | by ( Isabella Simonetti | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 4aff1be4 Organizations: netflix

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/cuba-base-would-help-china-identify-strike-targets-in-u-s-84c1fd79

Persons: Dow Jones Locations: cuba

☆ Tehran Ships Drones to Russia Over Caspian Sea for Deployment on Ukraine Front, U.S. Says
▼ + stars: | 2023-06-09 | by ( Vivian Salama | Gordon Lubold | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/tehran-ships-drones-to-russia-over-caspian-sea-for-deployment-on-ukraine-front-u-s-says-a4935e1b

Persons: Dow Jones Locations: tehran, russia, ukraine

WASHINGTON, June 9 (Reuters) - A surprise Supreme Court ruling on Thursday has handed Democrats a potential boost in the 2024 congressional race by calling into question the constitutionality of Republican-drawn electoral districts throughout the U.S. South. That could force Alabama to redraw its seven House districts so that two would contain Black majorities or near-majorities, up from one now. Analysts said that would give Democrats a greater chance of winning seats across the South, where voting often breaks down along racial lines. Democrats said the ruling would give them a greater chance at winning back the chamber in the November 2024 election. "This decision will affect redistricting cases across the country and help deliver a House of Representatives that better reflects the diversity of our nation," said Suzan DelBene, chair of the Democrats' House campaign arm.

Persons: Suzan DelBene, Jack Pandol, Terri Sewell, Gram Slattery, Moira Warburton, Andy Sullivan, Stephen Coates Organizations: Republican, Analysts, Republicans, Representatives, Democrats, House, Democratic, Thomson Locations: U.S, Alabama, Washington, Louisiana, North Carolina, Alabama's

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