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Biden, buoyed by GDP figures, urges Congress to pass bills
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: 1 min
U.S. President Joe Biden answers questions from reporters in the East Room of the White House in Washington, U.S., August 10, 2021. REUTERS/Evelyn Hockstein/File PhotoWASHINGTON, Jan 27 (Reuters) - U.S. President Joe Biden welcomed the strong GDP growth figure released on Thursday, saying his economic plan is working and urging Congress to pass legislation to make the United States more competitive. "I urge Congress to continue this momentum by passing legislation to make America more competitive, bolster our supply chains, strengthen our manufacturing and innovation, invest in our families and clean energy, and lower kitchen table costs," Biden said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Doina Chiacu;Our Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Evelyn Hockstein, Jan, Biden, Doina Chiacu Organizations: White, REUTERS, America, Thomson Locations: Washington , U.S, United States
The White House launched a new cybersecurity initiative for the U.S. water supply Thursday after a handful of worrisome hacks against the sector last year. The new initiative is designed to create a system that shares information about cyberthreats with the water sector and industry-wide basic security practices, though water facilities will not be forced to adopt any new practices. Bryson Bort, a cybersecurity consultant for industrial systems, said it was an important first step toward more secure water infrastructure. While that means it’s practically impossible to hack the U.S. water supply en masse, it also makes it extremely difficult to regulate them together. Many water facilities are dependent on computerized systems to operate.
Persons: Bryson Bort, ” Bort, , hasn’t Organizations: Employees, Cybersecurity, Infrastructure Security Agency Locations: U.S, Oldsmar , Florida, Tampa, San Francisco Bay, Pennsylvania, Southern California, Russia
REUTERS/Thomas White//File PhotoJan 27 (Reuters) - Mastercard Inc beat quarterly profit expectations on Thursday as domestic spending through its cards rose and cross-border volumes grew following an uptick in international travel. Register now for FREE unlimited access to Reuters.com Register"We had a strong fourth quarter as spending trends continued to improve, with Q4 cross-border spending now above pre-pandemic levels," Chief Executive Michael Miebach said. The results were similar to rival American Express Co (AXP.N), which beat quarterly profit estimates on record levels of spending through its cards. The company's profit rose to $2.4 billion, or $2.41 per share, in the quarter ended Dec. 31, from $1.8 billion, or $1.78 per share a year earlier. On an adjusted basis, Mastercard earned $2.35 per share, above the analysts' average estimate of $2.21, according to Refinitiv data.
Persons: Thomas White, Michael Miebach, Sohini, Shounak Dasgupta, Arun Koyyur Organizations: Mastercard, REUTERS, Mastercard Inc, Gross, American Express, Thomson Locations: Bengaluru
REUTERS/Kevin LamarqueWASHINGTON, Jan 27 (Reuters) - U.S. President Joe Biden on Thursday called on Congress to immediately act to enshrine the Equal Rights Amendment in the U.S. Constitution and formally protect women's rights decades after lawmakers adopted them. Biden, in a statement released by the White House, urged Congress "to pass a resolution recognizing ratification of the ERA" after a recent legal analysis said there was nothing preventing lawmakers from acting. "We must recognize the clear will of the American people and definitively enshrine the principle of gender equality in the Constitution. "No one should be discriminated against based on their sex—and we, as a nation, must stand up for full women’s equality." Register now for FREE unlimited access to Reuters.com RegisterReporting by Susan Heavey Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Stephen Breyer, Breyer, Kevin Lamarque WASHINGTON, Jan, Biden, Donald Trump, Susan Heavey, Tomasz Janowski Organizations: Supreme, White, REUTERS, Constitution, Justice Department, Thomson Locations: Washington , U.S, U.S
WASHINGTON—Justice Stephen Breyer’s expected retirement from the Supreme Court will pave the way for President Biden to keep a liberal in his seat and gives both parties an issue they could use to energize their voters ahead of midterm elections. Justice Breyer hasn’t confirmed his retirement but is expected to appear with Mr. Biden at the White House on Thursday, according to a person familiar with the matter.
Persons: Stephen Breyer’s, Biden, Breyer hasn’t Organizations: WASHINGTON, White
Some insurance companies cited “act of war” exclusions to try to avoid covering the damage of a Russian cyberattack against Ukraine in 2017 that rippled outward internationally, causing billions of dollars in damage. Now, as U.S. officials warn of similar hacks, insurers might not be able to invoke that protection. In November, Lloyd’s Market Association, a trade group, published four first-of-their kind recommendations for how insurers can articulate act-of-war exclusions that cover hacks. Some cyber-specific insurers hope their in-house security expertise can help businesses avoid disruptive hacks and subsequent claims. Policies offered by Mr. Motta’s firm exclude acts of war, as designated by a government, but cover cyber terrorism.
Persons: , Joshua Motta, Motta, Jen Psaki, Drew Angerer, I’m, Moller, Thomas Walsh, , ” Judge Walsh, Merck didn’t, Judy Selby, Mondelez, Biden, Motta’s, it’s, Catherine Stupp, Elisa Cho, David Uberti Organizations: Ukraine, Merck, Co, Coalition Inc, Kremlin, White House Press, House Press, FedEx Corp, Maersk, Superior, of New, Law, Inc, Ritz, Insurance, Zurich, Zurich American Insurance, Lloyd’s Market Association, Coalition, Mr Locations: Russian, Jersey, Ukraine, Russia, Ukrainian, Washington, U.S, Kenilworth, N.J, of New Jersey, Illinois, Chicago
The sun sets on the U.S. Supreme Court after it was reported U.S. Supreme Court Justice Stephen Breyer will retire at the end of this term, in Washington, U.S., January 26, 2022. Biden's chance to pick a Supreme Court justice gives the White House an opportunity to tell a positive story, said Kyle Kondik, a political analyst at the University of Virginia's Center for Politics. Black women judges such as Washington, D.C.-based federal appeals court judge Ketanji Brown Jackson and California Supreme Court Justice Leondra Kruger are among those likely to be in contention. As with the abortion and gun cases, if the conservative justices all vote in lockstep, the liberal justices have no leverage. The court, with conservative Justice Amy Coney Barrett, would have four women justices serving together for the first time.
Persons: Stephen Breyer, Joshua Roberts, Jan, Joe Biden, Donald Trump, Biden White, Kyle Kondik, Kondik, Ketanji Brown Jackson, Justice Leondra Kruger, Breyer, Kamala Harris, Biden, Kelsi Brown, Roe, Wade, Carolyn Shapiro, Justice Elena Kagan, Sonia Sotomayor, Amy Coney Barrett, Kent's Shapiro, Clarence Thomas, Ruth Bader Ginsburg, Shapiro, Lawrence Hurley, Andrew Chung, Jason Lange, Scott Malone, Grant McCool Organizations: U.S, Supreme, REUTERS, Democratic, University of Virginia's Center, Politics, White, D.C, California Supreme, Republicans, Senate, Capitol, Georgetown University Law Center, Chicago, Kent College of Law, Thomson Locations: U.S, Washington , U.S, COVID, Washington, California, Mississippi, New York, lockstep, Chicago
Biden's fellow Democrats hold a razor-thin majority in the Senate, which under the U.S. Constitution confirms Supreme Court nominees. Senate Majority Leader Chuck Schumer said Biden's nominee to replace Breyer will receive a "prompt hearing" and will be considered and confirmed with "all deliberate speed." White House Press Secretary Jen Psaki said Biden will honor his presidential election campaign pledge to nominate a Black woman to fill any Supreme Court vacancy. Neither the White House nor the Supreme Court confirmed Breyer's retirement plans. 1/3 Supreme Court Justice Stephen Breyer at Capitol Hill in Washington May 20, 2010.
Persons: Breyer, Jan, Stephen Breyer, Joe Biden, Biden, Donald Trump, Chuck Schumer, Mitch McConnell, Jen Psaki, McConnell, Amy Coney Barrett, Dana Remus, Kamala Harris, Kevin Lamarque Read, Joe Manchin, Kyrsten, Bill Clinton, Ketanji Brown Jackson, Leondra Kruger, Clarence Thomas, Thomas, Thurgood Marshall, Trump's, Barrett, Ruth Bader Ginsburg, Lawrence Hurley, Andrew Chung, Kanishka Singh, Richard Cowan, Jeff Mason, Scott Malone, Will Dunham, Rosalba O'Brien Organizations: Liberal U.S, Supreme, Republican, U.S, Constitution, White House Press, CNN, Republicans, Capitol, REUTERS, Democratic, California Supreme, Senate, Biden, Trump, Affordable, Thomson Locations: WASHINGTON, Washington, California, Texas, Louisiana, New York, Bengaluru
Russia has demanded NATO pull back troops and weapons from eastern Europe and bar its neighbour Ukraine, a former Soviet state, from ever joining. DIALOGUEIn Paris, diplomats from Russia, Ukraine, France and Germany held more than eight hours of talks on ending a separatist conflict in eastern Ukraine, part of the wider crisis between Moscow and Kyiv that risks becoming a full-scale war. 1/3 U.S. Secretary of State Antony Blinken speaks about Russia and Ukraine during a briefing at the State Department in Washington, U.S., January 26, 2022. A day after the U.S. delivered Javelin anti-tank missiles, launchers and other hardware to Ukraine, Germany came under criticism for saying it would supply Kyiv with 5,000 military helmets while stopping short of providing weapons. U.S. officials say they are in talks with major energy-producing countries and companies worldwide over a potential diversion of supplies to Europe if Russia invades Ukraine.
Persons: Blinken, Jan, Antony Blinken, Wang Yi, Ned Price, Vladimir Putin, Alexander Grushko, Joe Biden, Putin, Dmitry Peskov, Brendan Smialowski, Peskov, Dmytro Kuleba, Vitali Klitschko, Jen Psaki, Psaki, John Irish, Rami Ayyub, Mark Trevelyan, Gareth Jones, Grant McCool, Michael Perry Organizations: Kremlin, United, Foreign, State Department, NATO, Washington, U.S, Putin, REUTERS Read, Wednesday, . State Department, White, United States, Reuters, Thomson Locations: Kremlin Russia, Ukraine, Paris WASHINGTON, MOSCOW, United States, Europe, Moscow, U.S, Russia, Soviet, Washington, Britain, Paris, France, Germany, Kyiv, Normandy, Berlin, Washington , U.S, Belarus
Pan-region Euro Stoxx 50 futures tumbled 2.88%, FTSE futures lost 1.98%, Nasdaq futures dropped 1.73% and S&P 500 e-minis shed 1.56%. Fed funds futures showed traders pricing in as many as five hikes by December, after previously fully pricing for four increases. YIELDS JUMPExpectations of Fed tightening sent the policy-sensitive U.S. 2-year yield to a top of 1.1920% in Asian trade, a level last reached in February 2020. These in turn helped the dollar, lifting the dollar index, which measures the greenback against major peers, to 96.604, near five-week highs. The spread between the U.S. and Japanese 2-year yield widened to 124.22 basis points on Thursday, its highest since late February 2020.
Persons: Powell, David Chao, Chao, Hong, HSI, we've, it's, Matt Simpson, Simpson, Andrew Galbraith, Alun John, Richard Pullin Organizations: SHANGHAI, Federal, Nasdaq, Asia Pacific, country's, Nikkei, Index, U.S, United, Brent, . West Texas, White, Thomson Locations: Asia, Japan, Russia, Ukraine, Invesco, U.S, Tokyo, Sydney, United States, Europe, Moscow, Hong Kong
European lenders lost ground to Wall Street rivals during the pandemic because volatile markets boosted the earning power of U.S. banks' outsized trading arms. European rivals earn proportionately more from lending and benefit from a higher interest rate environment. As the continent's biggest lenders prepare to report full-year earnings for 2021, kicking off with Deutsche Bank(DBKGn.DE) on Thursday, European banks must seize the opportunity that now presents itself, analysts consultants and investors say. In investment banking, U.S. banks have beaten European rivals on their own turf by almost any metric in recent years, and the gap has been widening. European lenders have also largely avoided amassing mountains of bad loans as corporate borrowers weathered the COVID-19 pandemic.
Persons: Kai Pfaffenbach, Eriola Shehu Beetz, Goldman Sachs, Morgan Stanley, they've, Shehu Beetz, Steven van Rijswijk, moratoria, Jerome Legras, Oliver Judd, That's what's, Italy's, Spain's, Lawrence White, Iain Withers, John O'Donnell, Elaine Hardcastle Organizations: REUTERS, Wall Street, Deutsche Bank, Boston Consulting, JPMorgan, Citigroup, Bank of America, ING, Lloyds Banking Group, NatWest, European Central Bank, Investments, Aviva, Credit Suisse, UBS, Germany's Deutsche Bank, Spain's Santander, BNP, Standard Chartered, HSBC, Barclays, Lloyds, Thomson Locations: Frankfurt, Germany, United States, U.S, Europe, Middle East, Africa, Britain, London
At a youth forum this month, Sisi characterised criticism over human rights as an attack on Egypt and said it did not reflect reality on the ground. In recent months, authorities have published the lengthy rights strategy, appointed a national human rights council and lifted a state of emergency in place since 2017. On Jan. 10 he said that the Arabic Network for Human Rights Information that he ran was halting activities, citing growing pressure from authorities. "I don't know how or whether that human rights strategy is going to be implemented," she told Reuters. Anwar al-Sadat, a former member of parliament nominated to the national rights council who has helped mediate recent prisoner releases, said improvements in the area of human rights in Egypt would take time.
Persons: Mohamed Mursi, Amr Abdallah Dalsh, Jan, Tareq Marzouq, Abdel Fattah al, Sisi, Joe Biden, Mustapha al, Gamal Eid, Mursi, Mohamed Mamdouh, Ramy Shaath, Patrick Zaki, Abdel Fattah, Ziad el, Elaimy, Ekram Yousef, Abdel Fattah's, Anwar al, Sadat, Mike Collett Organizations: REUTERS, Reuters.com, Former, Cairo University, Human Rights, Islamist, Reuters, Amnesty International, White, Thomson Locations: Cairo, Egypt, CAIRO, Tora, Europe, France, Italy
A Hong Kong dollar note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/IllustrationHONG KONG, Jan 27 (Reuters) - Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$170.5 billion ($21.9 billion) in 2021, the Hong Kong Monetary Authority said on Thursday, the lowest in three years. The figure compared with an investment gain of a revised HK$235.8 billion in 2020. Investment income for the fourth quarter amounted to HK$26.8 billion against HK$145.0 billion in the same period the previous year. ($1 = 7.7912 Hong Kong dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Twinnie Siu and Donny Kwok; Editing by Toby Chopra and Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.
Persons: Thomas White, HONG KONG, Jan, Eddie Yue, Yue, Twinnie Siu, Donny Kwok, Toby Chopra, Alison Williams Organizations: Hong, REUTERS, Hong Kong's Exchange Fund, Hong Kong, HK, Hong Kong Monetary Authority, Exchange Fund, Thomson Locations: Hong Kong, HONG
The former first lady put up a hat, a watercolor, and an NFT for auction. Bids were only accepted in the Solana cryptocurrency, but its price crashed 40% during the auction. Buyers could only make bids using the Solana cryptocurrency, but the token's value crashed 40% while the auction was active. The white hat put up for auction earlier this month was worn by Trump during French President Emmanuel Macron's state visit to the US in April 2018. "Since 2018, this custom-designed hat has been symbolic of the French state visit to The White House.
Persons: Melania, Trump, Pierre, Marc, Antoine Coulon, Coulon, Emmanuel Macron's Organizations: Solana, Service, White House, Trump, Washington Post, French Locations: Solana
Aside from the obvious potential human and political impact, a Russian invasion of Ukraine could destabilize global stock markets. Strategists from the Swiss bank UBS said that Russian invasion looks increasingly unlikely. "Our base case is for diplomatic efforts to continue, allowing the situation to stabilize and the tensions to eventually ease," Haefele's team said. Over that period of volatility, UBS outlined three strategies that retail investors can use to shield their portfolios from geopolitical risk. "Russia supplies around 40% of Europe's natural gas, and prices have already risen sharply," Haefele's team said.
Persons: Vladimir Putin, State Anthony Blinken, Mark Haefele Organizations: UBS, State, White, West, Nasdaq Locations: Russia, Ukrainian, Ukraine, Russian, Swiss, Iran, Iraq
Mastercard profit beats on spending, travel revival
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +1 min
A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White//File PhotoJan 27 (Reuters) - Mastercard Inc reported a quarterly profit above analysts' estimates on Thursday, as a rise in domestic spending and growth in cross-border volumes following an uptick in international travel drove higher transactions through its cards. Over the past quarter, vaccination programs across the world gained steam, benefiting card companies such as Mastercard as people ventured out more and spent on travel and entertainment. However, the recovery in spending was somewhat dented towards the end of the quarter with the spread of the Omicron coronavirus variant. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sohini Podder in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Persons: Thomas White, Sohini, Shounak Dasgupta Organizations: Mastercard, REUTERS, Mastercard Inc, Omicron, Thomson Locations: Bengaluru
The government on Thursday morning reported its first look at fourth-quarter economic growth , saying GDP rose at an annual rate of 6.9% compared to estimates of 5.5% despite Covid omicron spread. (CNBC)McDonald's (MCD) on Thursday reported fourth-quarter earnings and revenue that fell short of expectations as higher costs weighed on its profits, marking the fourth miss in the past eight quarters. Shares of ServiceNow and Qualtrics each jumped more than 10% in Thursday's premarket after topping estimates and giving upbeat guidance. Moderna (MRNA) started a clinical trial to study the safety and effectiveness of a booster shot that specifically targets the omicron Covid variant, the company announced Wednesday. The first participant in the phase two trial has already received a dose of the omicron-specific booster shot, according to the company.
Persons: Elon Musk, Tesla, Musk, Pershing, Bill Ackman, Neil Young's, Joe Rogan's coronavirus, Young, Rogan, Dan Bongino, Joe Biden, Stephen Breyer, Biden Organizations: Treasury, CNBC, Southwest Airlines, Comcast, NBC, Tesla, Dow, Apple, Visa, Netflix, Spotify, Street, NY Times, White, omicron Locations: China, Thursday's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClimate provisions in Build Back Better bill are most important, says Siemens CEOBarbara Humpton, president and CEO of Siemens U.S., joins CNBC's 'Squawk Box' to discuss her meeting with President Joe Biden at the White House on Wednesday over Democrats' Build Back Better bill.
Persons: Barbara Humpton, Joe Biden Organizations: Siemens, Siemens U.S, White
Now, the opportunity to follow through on that pledge may serve as a similar inflection point for his presidency. Though the White House and Biden himself withheld comment about the looming vacancy until Justice Stephen Breyer formally announces his retirement, a senior White House official told NBC News that internal preparations are now ramping up for what could be a quick selection process. Jackson is one of eight Black women Biden has nominated to serve on courts of appeal since taking office, the latest being put forward just last week. “I've never not had their back.”People familiar with the process said Biden would put forward someone with experience to do the job, and aim for a quick confirmation. Biden will have the distinction of nominating the replacement for a justice whose confirmation he presided over as the Senate Judiciary Committee chairman in 1994.
Persons: WASHINGTON —, Joe Biden, Biden, Stephen Breyer, that’s, Jen Psaki, Ron Klain, Dana Remus, Remus, Bob Bauer, Merrick Garland, Ketanji Brown Jackson, Jackson, Psaki, Kamala Harris, Harris ’, Harris, ” Psaki, “ I've, I've, , Mitch McConnell, who’ve, Amy Coney Barrett, Barrett, Brett Kavanaugh, Neil Gorsuch, Barack Obama, Garland, Antonin Scalia, McConnell, cautioning, George H.W, George H.W . Bush Organizations: WASHINGTON, White, White House, NBC News, Committee, Obama White, U.S Circuit, Appeals, District of Columbia, Justice Department, Democrats, NBC, Black, , Biden, Democratic, Republicans, Congressional Research Service Locations: Carolina, Washington, George H.W .
Democrats reacted to the news Wednesday that Supreme Court Justice Stephen Breyer, 83, will retire with praise for his decision and discussion of a potential replacement, while some Republicans suggested that they will fight the next nominee. “If all Democrats hang together — which I expect they will — they have the power to replace Justice Breyer in 2022 without one Republican vote in support. Elections have consequences, and that is most evident when it comes to fulfilling vacancies on the Supreme Court,” Graham said. “Justice Breyer has led an exemplary and distinguished career in public service. He has always been a scholar and a gentleman whose record on the Supreme Court is solidly in the liberal camp."
Persons: Stephen Breyer, Sen, Lindsey Graham, Breyer, ” Graham, Josh Hawley, Joe Biden, Hawley, Lauren Boebert, Patty Murray, Murray, , Biden, Dick Durbin, Durbin, Joe Manchin, Biden’s, ” Manchin, Ayanna Pressley, Jamaal Bowman, Jen Psaki, Ketanji Brown Jackson, Graham, Republican Sens, Lisa Murkowski, Susan Collins, Sonia Sotomayor, Elena Kagan, Breyer’s, Collins, Breyer's, Organizations: Democratic, GOP, America, FBI, Electoral, , NBC News, Supreme, United, White, U.S, Circuit, D.C, Republican, Judiciary Locations: United States, Washington, Alaska, Maine
Circuit Court Judge Ketanji Brown Jackson is expected by numerous progressives to shoot to the top of the short list of Supreme Court nominees after the impending retirement of Justice Stephen Breyer. As a presidential candidate in 2020, Biden promised to put a Black woman on the Supreme Court for the first time in U.S. history. The Supreme Court did not immediately announce his plans. She has also clerked on the Supreme Court, including for Breyer. A third is Leondra Kruger, an associate justice at the California Supreme Court and former principal deputy U.S. solicitor general during the Obama administration.
Persons: Ketanji Brown Jackson, Stephen Breyer, Biden, Jackson, lister, , Sens, Susan Collins of, Lindsey Graham of, Lisa Murkowski, Kevin Lamarque, Breyer, Brian Fallon, , Paul Ryan, Ryan's, J, Michelle Childs, Barack Obama, James Clyburn, Leondra Kruger, Obama Organizations: WASHINGTON —, Circuit, U.S ., Appeals, District of Columbia, Supreme, Harvard Law, District of Columbia Circuit, Capitol, NBC, White, Democratic Party, . Sentencing, Democratic, Republican, U.S, California Supreme Locations: WASHINGTON, WASHINGTON — U.S, Susan Collins of Maine, Lindsey Graham of South Carolina, Alaska, U.S, California
WASHINGTON — The White House on Wednesday announced a new strategy to strengthen cybersecurity across the federal government following a string of high-profile attacks against U.S. agencies and private companies in the past two years. In a statement, the White House said that the "growing threat of sophisticated cyber attacks has underscored that the Federal Government can no longer depend on conventional perimeter-based defenses to protect critical systems and data." Agencies were given until the end of the 2024 fiscal year to meet the goals set out in the new strategy. The order modernized and implemented stronger cybersecurity standards, established standards for software sold to the government, and created an "energy star" label so that consumers understand whether software was developed securely. The White House has also urged private companies to boost their defenses.
Persons: WASHINGTON, Shalanda Young, Joe Biden, Biden Organizations: Wednesday, U.S, Management, Federal Government, cybersecurity Locations: U.S
Justice Stephen Breyer will step down from the Supreme Court at the end of the current term, according to people familiar with his thinking. The progressive group Demand Justice, meanwhile, hired a truck last year to drive around the Supreme Court's neighborhood bearing this sign: "Breyer Retire. It’s time for a Black woman Supreme Court justice." Among likely contenders are federal Judge Ketanji Brown Jackson, former Breyer law clerk, and Leondra Kruger, a justice on California’s Supreme Court. Despite calls from some Biden supporters to add more seats to the Supreme Court to counter its current conservative lean, Breyer said in March that such a move would risk undermining confidence in the court.
Persons: Stephen Breyer, Breyer, Joe Biden, Ruth Bader Ginsburg, Obama, Donald Trump, Amy Coney Barrett, Erwin Chemerinsky, Biden, Ketanji Brown Jackson, Leondra Kruger, Jackson, Merrick Garland, Bill Clinton Organizations: Liberal, White, Senate, University of California, Demand, U.S, Circuit, Appeals, District of Columbia, Congress, Committee Locations: Berkeley, Washington, America
Activist Legion Partners returned 35% in 2021
  + stars: | 2022-01-26 | by ( ) www.reuters.com   time to read: +1 min
BOSTON, Jan 26 (Reuters) - Activist investment firm Legion Partners, which last year was part of a group that settled for three board seats at retailer Kohl's Corp (KSS.N), told clients that its fund returned nearly 35% after fees in 2021, two sources said. Legion had reached a settlement with the company in 2019 to add a director to the board and had been working behind the scenes. Legion's 2021 returns beat the benchmark HFRI Activist Index' 19% return, as record setting market gains helped investors. More than 44% of all the directors Legion has helped place on boards have been women. Register now for FREE unlimited access to Reuters.com RegisterReporting by Svea Herbst-Bayliss; Editing by Bernard OrrOur Standards: The Thomson Reuters Trust Principles.
Persons: Jan, Legion, Christopher Kiper, Ted White, Svea Herbst, Bayliss, Bernard Orr Organizations: BOSTON, Legion Partners, Kohl's Corp, Vonage Holdings Corp, Svea, Thomson Locations: Los Angeles
WASHINGTON — The Biden administration plans to announce Wednesday that the U.S. has distributed 400 million doses of Covid vaccines globally, more than any country in the world, a White House official said. White House COVID-⁠19 Response Coordinator Jeff Zients is expected to announce the milestone, said the official, who added that the U.S. is shipping more than 3 million doses of the Pfizer vaccine beginning Thursday to Bangladesh and more than 4.6 million doses to Pakistan. The doses stem from a $500 million purchase that the Biden administration made from Pfizer in the summer of 2021, bringing the total vaccine doses donated to 400 million. The official said the U.S. has shipped more than 47 million doses to Pakistan, more than any other country in its donation program. The U.S. government has also bought 500 million Pfizer vaccine doses to give to the African Union and 92 low and lower middle-income countries, the official said.
Persons: WASHINGTON —, Biden, Jeff Zients Organizations: White, Pfizer, African Union, Health Locations: Bangladesh, Pakistan, U.S, COVID, India, South Africa
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