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☆ Janet Yellen is staying put to oversee billions in climate spending
▼ + stars: | 2023-01-10 | by ( Andrea Shalal | ) www.reuters.com time to read: +5 min

WASHINGTON, Jan 10 (Reuters) - U.S. Treasury Secretary Janet Yellen is digging in to oversee billions of dollars in federal climate and infrastructure spending that she believes will transform the economy, close associates say, defying demands from Republicans to step down. Yellen told CNBC late last year that she was "in good company" in misjudging inflation, and that Biden's COVID spending plans were needed to boost the recovery. White House and Treasury officials say inflation was spurred by supply chain problems and exacerbated by Russia's invasion of Ukraine, but note that inflation is now easing and investments in manufacturing will reduce future supply chain log-jams. Treasury had no comment on the Republican concerns, but officials have previously said the department's policies are overdue and urgently needed. In addition to advancing Biden's domestic climate agenda, Treasury officials say another key priority for Yellen in 2023 will be advancing reforms of the World Bank and other multilateral lenders to free up more resources for countries to address climate change and other priorities.

☆ At CES 2023, Sony's 'Gran Turismo' flags new entertainment strategy
▼ + stars: | 2023-01-04 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +6 min

It also represents a significant bridging of the divides between Sony Pictures Entertainment, Sony PlayStation and Sony Music, according to a dozen current and former senior executives interviewed by Reuters. “I defined our identity as a creative entertainment company with a solid foundation on technology,” Sony chief executive Kenichiro Yoshida said. Sony’s “creative entertainment” company approach extends beyond content. A Sony-Honda electric vehicle, scheduled to reach consumers by 2026, is being framed as a rolling showcase of Sony’s entertainment, gaming and camera sensor prowess. This August will bring another test of Sony’s strategy when “Gran Turismo” hits theaters after languishing for 12 years.

☆ In title bout, 'Chocolatito' fights for Nicaragua leader Daniel Ortega
▼ + stars: | 2022-12-03 | by ( Drazen Jorgic | ) www.reuters.com time to read: +8 min

Two years later, the wealthy Coen family contracted Gonzalez to promote their Grupo Coen conglomerate in three world title fights in exchange for a house worth $150,000. Gonzalez's relationship with Grupo Coen also fractured. In 2019, he sued Grupo Coen after it refused to pay the boxer, claiming he didn't contest enough world title fights to fullfil his contract. This year, the courts awarded an extra $150,000 to Gonzalez against Grupo Coen, according to court documents seen by Reuters. Grupo Coen declined to comment.

☆ Rare success for Alzheimer's research unlocks hope for future therapies
▼ + stars: | 2022-11-29 | by ( Julie Steenhuysen | ) www.reuters.com time to read: +6 min

Eisai and Biogen are scheduled to present full data from their lecanemab study on Tuesday at the Clinical Trials on Alzheimer's Disease conference in San Francisco. Lecanemab’s success rests on years of research into the causes of Alzheimer’s as well as advances in measuring amyloid deposits through brain scans and spinal fluids. At least 16 treatments are being tested in clinical trials, with results expected over the next three years, according to a Reuters review of the clinicaltrials.gov registry. The drugmaker has been largely absent from the Alzheimer's space after the high-profile failure of its drug verubecestat five years ago. But several antibody therapies from Lilly, Biogen and AbbVie(ABBV.N) that were designed to slow the rate of tau accumulations failed outright last year.

[1/3] FILEPHOTO: Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. In his 15 years as Disney chief executive, Iger postponed his retirement four times, sidelining would-be successors. read more Part of his mandate, according to Disney, is to work with the board to develop a successor to lead the company. Chapek was among a shortlist of internal candidates vying for Iger's job, according to a source familiar with discussions. Another seen as a top contender was Kevin Mayer, Disney's longtime head of strategic planning who had shepherded the successful launch of Disney+, according to sources.

One of the biggest makers of generic drugs, Israeli-based Teva said it aims eventually to secure a 10% global market share of biosimilars. A division of Novartis (NOVN.S), Sandoz is currently the second biggest player after Pfizer Inc (PFE.N) in the biosimilar market by gross sales globally, per IQVIA data, cited by Sandoz. Sandoz launched eight biosimilar drugs between 2017 and 2021, including a version of Bristol-Myers’ multiple myeloma drug Revlimid. The analysis projected the value of the global biosimilar market could more than triple to an estimated $74 billion by 2030. Sandoz and Teva are both working on biosimilars for Humira.

Although prominent election deniers in critical battleground states lost at the polls, their movement has had far-reaching impact. In reality, the livestream app suffered a glitch that caused the cameras to stop working, county officials said in a statement after investigating the blackout. IN ARIZONA, BOOSTING SECURITYIn Arizona's Maricopa County, election officials strengthened doors, added shatterproof film on windows and stationed a security guard in the ballot-counting room. In Georgia's Gwinnett County, which includes part of the greater Atlanta area, election officials held planning meetings with local law enforcement to beef up security, Elections Supervisor Zach Manifold told Reuters. The plan included keeping sheriff's officers on site for longer to ensure election staff felt safe, he said.

A recent multimillion-dollar transaction could show how Trump might get around that restriction. Many U.S. election law experts expect that MAGA Inc will spend money to support Trump's 2024 campaign, which he officially kicked off on Tuesday. "That's a gray area in the law that they might try to exploit," said Weiner, a former lawyer at the Federal Election Commission. If the FEC doesn't act on the Campaign Legal Center's request for a probe, the group could ask a judge to order the regulator to launch an investigation. A deadlock could lead to further court cases, potentially running out the clock before the 2024 election.

☆ Analysis: Ron DeSantis' big election night shakes 2024 White House field
▼ + stars: | 2022-11-10 | by ( James Oliphant | ) www.reuters.com time to read: +7 min

Trump would be the favorite in a primary matchup against DeSantis or any other Republican. Although he has been coy about a presidential run, supporters at his victory party chanted "Two more years!" Even if Trump mounts another presidential run, he will continue to face a dizzying array of legal headaches, including probes of his efforts to overturn the 2020 election and his removal of classified documents from the White House. I don't like him," said two-time Trump voter Gordon Nelson, 77, as he voted for Republican candidates in Michigan on Tuesday. At a Wednesday press conference, Biden seemed amused at the prospect of Trump and DeSantis going head-to-head.

Former NFL football star Herschel Walker trailed Democratic Senator Raphael Warnock in Georgia, as the two headed to a Dec. 6 run-off election. But Trump-backed Senate candidates J.D. The populist priorities of his "America First" agenda and his combative political style also helped shape the overall Republican campaign. Save America contributed close to $30 million to political allies and Republican Party accounts, including $20 million in October to a group that ran television ads supporting Republican Senate candidates in Georgia, Pennsylvania, Ohio, Arizona and Nevada. But Save America's contributions paled in comparison to spending by the Senate Leadership Fund, or SLF, a leading political action committee aligned with top Senate Republican Mitch McConnell.

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[1/3] Eliza Luna, a ballot designer with the Maricopa County Elections Department, counts ballots for the Arizona Presidential Preference Election at the Maricopa County Tabulation and Election Center in Phoenix, Arizona, U.S., March 17, 2020. Between July 11 and Aug. 22, the county election office documented at least 140 threats and other hostile communications, the records show. Maricopa officials appeared at times overwhelmed by threatening posts on social media and right-wing message boards calling for workers to be executed or hung. Eight people face federal charges for threats, including two who targeted Maricopa County officials. The county election director had instructed him to shut down the server for delivery to the Arizona State Senate in response to a subpoena.

The local unemployment rate is already nearly a percentage point above the U.S. average of 3.5%. "It's very premature in my view to think about or be talking about pausing our rate hikes. The target federal funds rate is now in a range of between 3.75% and 4%, the highest since early 2008. In the 1970s and 1980s, Fed Chair Paul Volcker's attack on inflation sparked a recession that pushed the unemployment rate above 10%, then a post-World War II high. "I do worry about how rates affect the economy," Bostic said at the forum.

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