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☆ Harris bests Trump in debate, but there’s no guarantee it will shape the election
▼ + stars: | 2024-09-11 | by ( Stephen Collinson | ) edition.cnn.com time to read: +17 min

Harris and Trump didn't interact after the debate ended Saul Loeb/AFP/Getty Images Trump speaks during the debate. Chip Somodevilla/Getty Images Trump supporter Pat Tuttle watches the debate from Jonathan's Grille in Nashville, Tennessee. Saul Loeb/AFP/Getty Images Harris averages 49% support across recent polls while Trump stands at 48% in the latest CNN Poll of Polls . Matthew Hatcher/AFP/Getty Images Trump and Harris shake hands at the start of the debate. Harris introduced herself by name and said, “Let’s have a good debate.” Trump responded: “Nice to see you.

Persons: Donald Trump, Kamala Harris, strode, Harris, Trump, Mike Tyson’s, ”, didn’t, Joe Biden, David Muir, Linsey Davis, Michael Le Brecht, Sean Hannity, CNN's Kaitlan Collins, Collins, Chip Somodevilla, Douglas Emhoff, Saul Loeb, Alex Brandon, Pat Tuttle, George Walker IV, Sen, John McCain, Tristen Rouse, CNN Trump, Win McNamee, Adam Gray, Doug Mills, CNN Harris, peppering, Sheena Carey, Morry Gash, he’d, “, ” Trump, Christine Rogers, Matthew Hatcher, ” Saul Loeb, Roberto Schmidt, Andrew Thomas, Robert F, Kennedy Jr, Kennedy, Jim Lo Scalzo, Anthony Scaramucci, Olivia Troye, Matt Rourke, Hannah Beier, Lilly, Evelyn Hockstein, Matt Slocum, Kenny Holston, don’t, George W, Bush, it’s, they’ve, There’s, Biden, Taylor Swift, Tim Walz, Harris didn’t, unaccountably, JD Vance, Barack Obama’s, she’s, Viktor Orban, Trump’s, hadn’t, Vladimir Putin, “ You’re, you’re Organizations: CNN, ABC News Trump, Fox News, National Constitution Center, Getty, Trump, Pennsylvania Convention Center, Images, Affordable, People, Nasdaq, New York Times, Bloomberg, AP, AP Trump, Philadelphia International Airport, AFP, Philadelphia City Hall, Former Trump, Reuters, ABC, Force, White, Central, Five, Biden Locations: America, Philadelphia, Pennsylvania, Nashville , Tennessee, Washington ,, New York, Milwaukee, United States, AFP, Afghanistan, –, Hungarian, Ukraine, Russia

Harris speaks during a presidential debate with Trump on Tuesday in Philadelphia. Saul Loeb/AFP/Getty ImagesIt was the first handshake in a presidential debate since Trump and Hillary Clinton squared off in 2016. Harris introduced herself by name and said, “Let’s have a good debate.” Trump responded: “Nice to see you. Have fun.” Saul Loeb/AFP/Getty Images Trump and Harris stand on stage at the start of the debate. Matt Rourke/AP Images of Harris and Trump are seen on a screen inside the spin room before the debate.

Persons: Philadelphia CNN — Kamala Harris, Donald Trump, Trump, ”, Joe Biden, he’d, “, ” Trump, Harris, they’d, Saul Loeb, Hillary Clinton, smirked, David Muir, “ We’ll, Muir, Harris ’, Biden, Roe, Wade, it’s, Virginia, Ralph Northam, Matthew Hatcher, Linsey Davis, ” Davis, ” Harris, Trump’s, –, don’t, Kamala Harris, Michael Le Brecht, Alex Brandon, Doug Mills, Pat Tuttle, George Walker IV, Chip Somodevilla, Tristen Rouse, CNN Harris, Win McNamee, Sheena Carey, Morry Gash, ” Saul Loeb, Roberto Schmidt, Andrew Thomas, Robert F, Kennedy Jr, Kennedy, Jim Lo Scalzo, Anthony Scaramucci, Olivia Troye, Matt Rourke, Hannah Beier, Lilly, Evelyn Hockstein, Matt Slocum, Kenny Holston, “ Donald Trump Organizations: Philadelphia CNN, Trump, ABC, Getty, Democratic Gov, ABC News, ABC News Trump, National Constitution Center, New York Times, Bloomberg, Getty Images, Pennsylvania Convention Center, People, CNN, Philadelphia International Airport, AFP, Philadelphia City Hall, Former Trump, Reuters, Force Locations: United States, Philadelphia, Trump’s, Clinton, Springfield , Ohio, Haiti, Springfield, AFP, Nashville , Tennessee, Pennsylvania, Washington ,, Washington , DC, Milwaukee

☆ Fact check: Donald Trump, Kamala Harris debate on ABC News
▼ + stars: | 2024-09-10 | by ( Cnn Staff | ) edition.cnn.com time to read: +18 min

CNN —Former President Donald Trump and Vice President Kamala Harris are facing off for the first time Tuesday during ABC’s presidential debate. “I had no inflation, virtually no inflation,” Trump said. Harris introduced herself by name and said, “Let’s have a good debate.” Trump responded: “Nice to see you. Have fun.” Saul Loeb/AFP/Getty Images Trump and Harris stand on stage at the start of the debate. “But understand if Donald Trump were to be elected, he will sign a national abortion ban.

Persons: Donald Trump, Kamala Harris, Harris, Donald Trump’s, Trump, Katie Lobosco, MAGA, “, ” Trump, Daniel Dale, Tami Luhby, Chip Somodevilla, he’s, FactCheck.org, Steven Cheung, Cheung, Kaanita Iyer Trump, Joe Biden, ”, gotaways, Michelle Mittelstadt, Piper Hudspeth Blackburn, David Muir, Linsey Davis, Michael Le Brecht, Alex Brandon, Doug Mills, Pat Tuttle, George Walker IV, Saul Loeb, Tristen Rouse, CNN Harris, Win McNamee, Sheena Carey, Morry Gash, Matthew Hatcher, ” Saul Loeb, Roberto Schmidt, Andrew Thomas, Robert F, Kennedy Jr, Kennedy, Jim Lo Scalzo, Anthony Scaramucci, Olivia Troye, Matt Rourke, Hannah Beier, Lilly, Evelyn Hockstein, Matt Slocum, Kenny Holston, ” Harris, Noah Weinrich, Kaanita Iyer, Feedback Trump, John Roberts, Devan Cole Trump, Sen, JD Vance, ” Vance, Michael Williams Trump, United States –, Katie Lobosco Harris, –, Mike Pence, Rather, “ Joe Biden, Ella Nilsen Trump, Elisabeth Buchwald Organizations: CNN, Trump, Center for American Progress, Fund, CAP, Peterson Institute for International Economics, Center, CNN Trump, Breitbart News, Border Patrol, Biden, Patrol, Republicans, Migration, Institute, ABC News Trump, National Constitution Center, New York Times, Bloomberg, Getty Images, Getty, Pennsylvania Convention Center, People, Philadelphia International Airport, AFP, Philadelphia City Hall, Former Trump, Reuters, ABC, Force, Democratic, Convention, Leadership, Heritage, United States Supreme, White, City, Springfield News, Sun, Springfield Police, United States, US International Trade Commission, Treasury, Consumer, Bureau of Labor Statistics Locations: Pennsylvania, Philadelphia, United Kingdom, Venezuela, United States, Nashville , Tennessee, Washington ,, Washington , DC, Milwaukee, AFP, Springfield , Ohio, “, Springfield, City, China, American

☆ Live Updates: Michael Cohen, Trump’s Ex-Fixer and His Nemesis, to Testify at His Trial
▼ + stars: | 2024-05-13 | by ( Jonah E. Bromwich | Ben Protess | ) www.nytimes.com time to read: +18 min

This week, however, Mr. Cohen is poised to unfix Mr. Trump’s life. And, on occasion, Mr. Cohen has said, Mr. Trump put Mr. Cohen on the phone with his wife, Melania, to reassure her that he hadn’t been unfaithful. Mr. Cohen was no longer a Trump Organization employee, and Mr. Trump had excluded him from a job in Washington. When one of Mr. Trump’s friends asked Mr. Trump why he kept Mr. Cohen so close, Mr. Trump replied, “He has his purpose.”Image In 2016, Mr. Cohen campaigned for Mr. Trump, but he did not get a job in the administration. At that meeting, Mr. Cohen has said, he and Mr. Trump confirmed their plan to falsify the records.

Persons: Michael D, Cohen, Donald J, Trump, litigators, Cohen’s, Trump’s, Stormy Daniels, Mr, lackey, ”, Jim Cole, —, Donny Deutsch, ” Mr, Deutsch, “ Donald, Trump’s “, “, ” ‘, T.J . Kirkpatrick, ” Jeffrey McConney, dryly, Roy M, Cohn, Joseph McCarthy, Rosie O’Donnell, John Taggart, Barron, Donald Trump Jr, hadn’t, Black, Karen McDougal, Daniels, Jonathan Ernst, Cohen puttered, Lanny J, Davis, doesn’t revel, Omarosa Manigault Newman, Michael, Jim Lo Scalzo, You’re, ’, Alina Habba, perjured, isn’t, Habba, Ms, “ You’re, Hope Hicks, scoffed, “ Michael Cohen Organizations: York, Prosecutors, Mr, Trump, Associated, The New York Times, Trump Organization, CNBC, Communist, National Enquirer, Playboy, Credit, Nike, “ Fox & Friends, Democratic, Federal Bureau of Prisons, White, New Locations: Manhattan, New York, Long, Trump’s New York, Trump, Miami, Moscow, Iowa, Washington, Otisville

☆ European diplomats in DC scramble to gain access to Trump allies for insights
▼ + stars: | 2024-04-11 | by ( Kylie Atwood | ) edition.cnn.com time to read: +12 min

“We are not that nervous because we know that with Trump it is all about relationships,” said one veteran European diplomat who has been in DC since the Trump administration. “The logic of doing it at Heritage was not lost on us,” said Victoria Coates, a deputy national security advisor to former President Trump who is now a vice president at the think tank. The comments sent European diplomats into over-drive, eager to understand exactly what Trump meant. “If they are worried about how President Trump is going to react to them, they hold it in their hands to do something about it,” Coates said. But European diplomats are not only worried about NATO.

Persons: Donald Trump, jostle, Trump, of National Intelligence John Ratcliffe, Mike Pompeo, Robert O’Brien, Keith Kellogg, Mike Pence’s, Hillary Clinton, they’ve, ”, –, David Cameron, Antony Blinken, Cameron, Jens Stoltenberg, Jim Lo Scalzo, Stoltenberg’s, Victoria Coates, Stoltenberg, ” Coates, nodded, James Carafano, “, it’s, “ He’s, Mike Johnson, Vladimir Putin, Volodymyr Zelensky Organizations: CNN, White, NATO, Ukraine, Trump, of National Intelligence, National, European Union, Republican, Russian Central Bank, EU, British, Heritage Foundation, Heritage, GOP, Putin Locations: Washington, Russia, European, Europe, Ukraine, Brussels, West, Russian, South Florida, Brexit, ”, Washington ,, “

There are more heavily trafficked routes across the Baltimore Harbor than the Francis Scott Key Bridge. The Harbor Tunnel carries double the daily traffic of the Key Bridge and the Fort McHenry Tunnel much more than that. The six men who are missing were part of this tradition of working Baltimore: members of a construction crew, working overnight hours filling potholes on the bridge. One day in 1977, Mr. Metzger said, his father, a truck driver, was coming back home from his route and happened upon the bridge’s ribbon cutting. And the Key Bridge is gone.”

Persons: Francis Scott Key, “, ”, Kurt L, Mr, Schmoke, Rafael Alvarez, Dali, Jim Lo Scalzo, Curtis Bay, Alvarez, Baltimoreans, James Metzger, Metzger, Metzger’s Organizations: Fort, University of Baltimore, Chesapeake, Washington , D.C, Bethlehem Steel Plant, Amazon Locations: Baltimore, Fort McHenry, Baltimore’s, Maryland, Washington ,, New York City, Shutterstock

☆ Chevy Blazer Troubles Add to GM’s EV Growing Pains
▼ + stars: | 2024-01-14 | by ( Mike Colias | ) www.wsj.com time to read: 1 min

The Chevrolet Blazer’s turbulent rollout is the latest setback as GM seeks to establish itself as an EV player. Photo: jim lo scalzo/ShutterstockAs one of the nation’s first owners of General Motors ’ new electric Chevrolet Blazer, James Hattin was loving the SUV—before the problems began. On a trip from the mountains back to his home in Burbank, Calif., he and his wife heard weird clicking noises coming from the dashboard. A short time later, the cruise control went out. A few days after that, in his driveway, the car’s screens went blank and the car wouldn’t start.

Persons: jim lo, James Hattin Organizations: General Motors, Chevrolet Locations: Burbank , Calif

☆ Watch: Powerful Winter Storm Hits Large Parts of the U.S.
▼ + stars: | 2024-01-13 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Watch: Powerful Winter Storm Hits Large Parts of the U.S.A major winter storm battered large parts of the U.S. on Friday. Republican presidential candidates were forced to cancel some campaign events in Iowa due to the bad weather. Photo: Jim Lo Scalzo/Shutterstock

Persons: Jim Lo Scalzo Organizations: U.S, Republican Locations: U.S ., Iowa

House Speaker Mike Johnson could set a vote on formalizing impeachment proceedings against President Biden in the coming week. Photo: Jim Lo Scalzo/ShutterstockWASHINGTON—House Republican leaders are moving toward a vote on formalizing an impeachment probe into President Biden, aiming to bolster an investigation that some in the party are still wary of pushing forward too quickly. House Speaker Mike Johnson (R., La.) and committee chairmen made a case to rank-and-file lawmakers on Friday, with a vote possible as soon as this week. House Republicans have already spent months trying to tie Biden to his family members’ overseas business dealings and gather support for their claims—which he denies—that he benefited from them.

Persons: Mike Johnson, Biden, Jim Lo Scalzo, — Organizations: WASHINGTON — House Republican, House Republicans

☆ Almost 400,000 deaths in Europe in 2021 attributable to filthy air -EU report
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +1 min

Pollution from nitrogen dioxide (NO2), most harmful to people with diabetes, resulted in 52,000 deaths and short-term ozone (O3) exposure led to 22,000 deaths. Including a larger set of European countries outside the EU, there were 389,000 pollutant-related deaths in Europe, the EEA said in its report for 2021, released on Friday. "Air pollutant concentrations in 2021 remained well above the levels recommended by the World Health Organization (WHO) in its air quality guidelines," the EEA said in the report. "Reducing air pollution to these guideline levels would prevent a significant number of attributable deaths in EU member states." NO2 and short-term O3 exposure had the biggest impact on deaths in Turkey, Italy and Germany, according to the report.

Persons: Flavio Lo Scalzo, Piotr Lipinski, Susan Fenton Organizations: Allianz, REUTERS, Rights, World Health, European Environment Agency, European Union, World Health Organization, WHO, Thomson Locations: Milan, Italy, Rights BRUSSELS, Europe, PM2.5, Poland, Germany, Iceland, Scandinavia, Estonia, Turkey

☆ House Passes GOP Plan to Avert Government Shutdown
▼ + stars: | 2023-11-14 | by ( Katy Stech Ferek | ) www.wsj.com time to read: 1 min

House lawmakers on Tuesday approved a Republican plan that would continue funding federal agencies until early next year. House Speaker Mike Johnson (R., La.) Photo: Jim Lo Scalzo/EPA-EFE/ShutterstockWASHINGTON—House lawmakers approved a Republican plan Tuesday that would continue funding federal agencies until early next year, a critical step in averting a partial government shutdown, with House Speaker Mike Johnson (R., La.) The 336-95 vote exceeded a two-thirds threshold required under a special procedure employed by Johnson to sidestep internal GOP disagreements. The measure still requires approval from the Democratic-controlled Senate, where the leaders of both parties have signaled support but timing was uncertain.

Persons: Mike Johnson, Jim Lo Scalzo, Johnson Organizations: Republican, Democratic, WASHINGTON —

☆ Fed Takes Heart in a Supply-Side Boom
▼ + stars: | 2023-11-02 | by ( Greg Ip | ) www.wsj.com time to read: 1 min

Fed Chair Jerome Powell says wage increases are coming down as supply and demand are rebalanced in the labor market. Photo: jim lo scalzo/ShutterstockWhen spending and employment grow as quickly as they have lately, it normally means inflation pressure is building and the Federal Reserve might have to raise interest rates. But on Wednesday Fed Chair Jerome Powell suggested otherwise. Demand, he said, has indeed grown rapidly, but so has supply. A supply-side boom generates the best of all worlds: brisk growth and falling inflation.

Persons: Jerome Powell, jim lo Organizations: Federal Reserve

☆ Mediobanca CEO and allies keep grip on bank after shareholder vote
▼ + stars: | 2023-10-28 | by ( Gianluca Semeraro | ) www.reuters.com time to read: +3 min

Mediobanca CEO Alberto Nagel poses for a photograph in the occasion of a news conference to present Mediobanca's new business plan in Milan, Italy, November 12, 2019. Under Nagel, Mediobanca has moved away from its historic role as a financial holding company and boosted its wealth management and consumer credit operations, also through acquisitions. But his strategy had come in for criticism, initially from the late Leonardo Del Vecchio, whose holding company Delfin has a 19.7% stake in Mediobanca. The Delfin list took 32% of the total capital in the vote. A small group of institutional investors who had filed a third list took the remaining seat.

Persons: Alberto Nagel, Flavio Lo Scalzo, Delfin, Nagel, Pagliaro, Mediobanca, Leonardo Del Vecchio, Renato Pagliaro, Del Vecchio's, Francesco Milleri, Delfin's, Gianluca Semeraro, Keith Weir Organizations: REUTERS, Companies, MILAN, Thomson Locations: Milan, Italy, Mediobanca, Generali

☆ Mediobanca posts record profit ahead of vote on new board
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

A logo of Mediobanca is pictured at Mediobanca headquarters in Milan, Italy, November 12, 2019. REUTERS/Flavio Lo Scalzo/File Photo Acquire Licensing RightsMILAN, Oct 26 (Reuters) - Mediobanca (MDBI.MI) posted its best-ever quarterly profit on Thursday, ahead of a key shareholder vote to name the Italian bank's new board and hand Chief Executive Alberto Nagel a new three-year mandate. Net profit rose 34% year-on-year to 351 million euros ($370 million) in the three months through September, beating a bank-provided analyst consensus of 315 million euros, thanks to contributions from wealth management and insurance. Del Vecchio, who died last year at the age of 87, had criticised Nagel for failing to grow the investment bank's business decisively and hampering expansion at insurer Generali (GASI.MI), in which Mediobanca is the main shareholder. ($1 = 0.9489 euros)Reporting by Gianluca Semeraro; editing by Alvise Armellini and Valentina ZaOur Standards: The Thomson Reuters Trust Principles.

Persons: Flavio Lo Scalzo, Alberto Nagel, Revenues, Mediobanca, Delfin, Leonardo Del Vecchio, Del Vecchio, Nagel, Gianluca Semeraro, Alvise Armellini, Valentina Za Organizations: REUTERS, Thomson Locations: Milan, Italy, Italian, Del

Rep. Jim Jordan failed a second attempt at being elected speaker on Wednesday after 22 Republicans voted against him. It has been more than two weeks since the ouster of the previous speaker, Rep. Kevin McCarthy. Photo: Jim Lo Scalzo/ShutterstockWASHINGTON—Republican speaker nominee Rep. Jim Jordan was set to fall short in a third round of voting to secure the gavel Friday morning, after struggling to win support from colleagues who have opposed his candidacy, likely leaving Republicans at a fresh impasse. While the Ohio conservative has campaigned as a speaker who can unite the party, he continues to face long odds, a full week after securing the GOP nomination and more than two weeks after former Speaker Kevin McCarthy (R., Calif.) was ousted. Republicans have no current fallback plan after rejecting a proposal to vote on giving more powers to Speaker Pro Tempore Patrick McHenry (R., N.C.).

Persons: Jim Jordan, Kevin McCarthy, Jim Lo Scalzo, Pro Tempore Patrick McHenry Organizations: WASHINGTON, Republicans, GOP, Pro Tempore Locations: Ohio, Calif, N.C

Smithfield supplies hams and other fresh pork products to grocers. Photo: jim lo scalzo/EPA/ShutterstockThe Chinese parent of pork giant Smithfield Foods is working with banks to take the 87-year-old business public again in the U.S.Smithfield, the largest U.S. pork producer, could list its shares as early as next year, according to people familiar with the matter. Deliberations are ongoing and the timing could change, the people said.

Persons: jim lo scalzo Locations: Smithfield, U.S

Rep. Jim Jordan failed a second attempt at being elected speaker after 22 Republicans voted against him. Photo: Jim Lo Scalzo/ShutterstockWASHINGTON—GOP Rep. Jim Jordan failed again to win enough votes to be elected House speaker, as divisions hardened for House Republicans, with some lawmakers pursuing new paths to break the impasse that has paralyzed the chamber. More than two weeks after former House Speaker Kevin McCarthy (R., Calif.) was ousted, Republicans remained gripped in a fierce internal struggle over his successor. Jordan said he would keep up his campaign, but pushed off any further voting until Thursday at the earliest as mounting GOP defections on his second ballot left Republicans snarled into warring factions over what should happen next.

Persons: Jim Jordan, Jim Lo Scalzo, Kevin McCarthy, Jordan, snarled Organizations: WASHINGTON, GOP, House Republicans, Republicans Locations: Calif

☆ Ferrari to accept crypto as payment for its cars in the US
▼ + stars: | 2023-10-14 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +4 min

Patchy regulation and high energy usage have also prevented the spread of crypto as a means of payment. These include electric carmaker Tesla (TSLA.O), which in 2021 began to accept payment in bitcoin, the biggest crypto coin, before CEO Elon Musk halted it because of environmental concerns. Ferrari shipped more than 1,800 cars to its Americas region, which includes the U.S., in the first half of this year. Galliera did not say how many cars Ferrari expected to sell through crypto. "Prices will not change, no fees, no surcharges if you pay through cryptocurrencies," Galliera said.

Persons: Benedetto Vigna, Flavio Lo Scalzo, Elon Musk, Enrico Galliera, Reuters cryptocurrencies, Ferrari, Galliera, Bitpay, Giulio Piovaccari, Tom Wilson, Louise Heavens Organizations: Ferrari, REUTERS, Reuters, Thomson Locations: Maranello, Italy, cryptocurrency, U.S, Europe, bitcoin, cryptocurrencies, East, Africa, China, Milan, London

☆ Trinity Site, where first atomic blast was set off, opens for one day in October
▼ + stars: | 2023-09-12 | by ( Kathleen Bangs | ) edition.cnn.com time to read: +12 min

Trinity Site is the national historic landmark that’s home to mankind’s first nuclear blast on July 16, 1945, where plutonium gamma rays lit up the night sky. A caution sign warns of radioactive materials at Trinity Site in New Mexico back in 2008. The open house event, hosted by the US Army, is free but limited to the first 5,000 guests, on a first-come, first-served basis. Trinity Site’s atmosphere during an open house is reminiscent of a small-town carnival from a bygone era. And on April 6, 2024, Trinity Site again opens for a single day.

Persons: CNN —, “ Oppenheimer, ”, Matt McClain, Jonathan Larsen, J, Robert Oppenheimer, McDonald, Sam Wasson, you’ll, Jim Lo Scalzo, Oppenheimer, “, John Dempsey, brightens, Jim Eckles, Trinity, we’ve, Bettymaya, Patricia Henning, Henning, Karl G, Jon G, Fuller Organizations: CNN, Jornada, Trinity, Washington Post, US Army, White, Manhattan Project, Sipa, AP, Albuquerque, Army, Venture, Jumbo, Alamos National Laboratory, New Mexico Gov, National Security Research, Alamogordo Air Base, Radio Astronomy, Getty, “ SETI, Extraterrestrial Intelligence Locations: New Mexico, New York City, Nagasaki, Japan, Trinity, Hiroshima, Socorro, San Antonio . New Mexico, San Agustin, Mexico

☆ Treasury's Adeyemo calls for eliminating subsidies, including to energy companies
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

Jim Lo Scalzo/Pool via REUTERS Acquire Licensing RightsSept 11 (Reuters) - The United States should think about eliminating corporate subsidies, including to energy companies, U.S. Deputy Treasury Secretary Wally Adeyemo said in New York on Monday. Adeyemo defended President Joe Biden's budget proposal for fiscal 2024, noting that achieving fiscal sustainability would include modest tax increases, boosting tax revenue collections and finding other ways to cut costs. "None of us thinks it makes sense to subsidize energy companies in light of how they're doing in this country. But there are probably other subsidies and other things we can do to make the budget more efficient." Adeyemo said he hoped to engage with Republicans in the House of Representatives about the issue, without giving any further details.

Persons: Wally, Adeyemo, Jim Lo Scalzo, Wally Adeyemo, Joe Biden's, Donald Trump's, Republican Ronald Reagan, Bill Clinton, Andrea Shalal, Deepa Babington Organizations: Senate, Treasury, Washington , D.C, REUTERS Acquire, Economic, of New, Big Oil, Republican, Thomson Locations: Dirksen, Washington ,, United States, New York, of New York, Ukraine

☆ Here are some of the companies saying weight loss drugs could impact their business
▼ + stars: | 2023-08-18 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

The impact of new weight loss treatments is being felt well beyond the health-care industry . During the second quarter, which beat expectations , shoppers were still focused on health and wellness, CEO Doug McMillon said Thursday. Some companies already bar weight loss medications from their insurance plans to keep costs down. Executives said it was tied to an increase in specialty drug use for weight loss and diabetes. Eli Lilly's Mounjaro hasn't yet been approved for weight loss, though some people are taking it off label for that reason.

Persons: Eli Lilly, Joe Scalzo, Scalzo, Atkins, Regeneron, George Yancopoulos, Doug McMillon, WMT, Kroger, Paul Sarvadi, Eli Lilly's Mounjaro, Stephan Tata, Tata hedged, Tata Organizations: Analysts, Novo Nordisk, Co, Simply, Atkins, Walmart, WMT KR, Kroger, Cardinal Health, Drug Administration, Tata Locations: U.S

In mid-2020 Rome secured the lion's share of a 724-billion-euro kitty aimed at helping EU members emerge from COVID greener and more tech-friendly. Italy's 191.5 billion euros ($210 billion) of cheap loans and grants, to be received in tranches through 2026, was intended for productive investments in the bloc's most chronically stagnant economy. MICRO-PROJECTSMore than half the EU money is meant to go on digitalisation and ecological transition, with the rest devoted to sustainable transport, education, social cohesion and health. The government is still awaiting a 19-billion-euro tranche of the EU funds blocked in March over missed policy targets stemming from 2022. It brings Italy's byzantine rules closer to EU standards, but Gobbato said people will initially find it hard to adapt.

Persons: Flavio Lo Scalzo, Rome, Roberto Perotti, Giorgia Meloni, Mario Draghi, Giuseppe Conte, Carlo Messina, Intesa, Vittorio Soldavini, Davide Carlucci, It's, Gustavo Piga, Rome's, Ilaria, Dentons, Gobbato, Catherine Evans Organizations: REUTERS, Milan's Bocconi University, Treasury, European Central Bank, Technology, Tor Vergata University, Reuters, Thomson Locations: Milan, Italy, ROME, MILAN, tranches, Brussels, Italy's, Italian, Parma

☆ Italy rules Pirelli's Chinese top investor cannot choose CEO
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +2 min

[1/2] Pirelli CEO Marco Tronchetti Provera attends a theatrical performance on the occasion of the 150th anniversary celebration of Italian tyremaker in Milan, Italy, January 28, 2022. Rome's move came after Sinochem notified the Italian government in March of plans to renew and update an existing shareholder pact with fellow investor Camfin, the vehicle of Pirelli's CEO Marco Tronchetti Provera. Rome also ruled Sinochem should pick no more than eight members of Pirelli's 15-strong board, leaving four to Camfin. Pirelli shareholders vote to pick a new board on July 31, with current deputy CEO Giorgio Bruno set to replace Tronchetti Provera, who would stay on as executive vice-chairman. Analysts see the move as an initial step to build an alternative and stable group of Italian shareholders for the company.

Persons: Marco Tronchetti Provera, Flavio Lo Scalzo, China's, tyremaker Pirelli, Rome's, Sinochem, Camfin, Giorgia, Tronchetti Provera, Pirelli's, Giorgio Bruno, Giuseppe Fonte, Valentina Za, Giulio Piovaccari, Louise Heavens Organizations: Pirelli, REUTERS, Reuters, Thomson Locations: Milan, Italy, China, Rome, Camfim

☆ Italy's La Scala to open new season with Verdi classic
▼ + stars: | 2023-05-29 | by ( Sara Rossi | ) www.reuters.com time to read: +2 min

[1/2] People watch a live broadcast of Modest Musorgskij's opera "Boris Godunov" on a giant screen at the Vittorio Emanuele II Gallery during La Scala Opera House's gala season opener in Milan, Italy, December 7, 2022. The opening night of the La Scala season has become a highlight of the calendar for the country's business and political elite, coinciding with the city's Feast of St. Ambrose holiday. Verdi's works have been performed at La Scala since 1839 and the choice of a historical work by a local favourite is likely to prove less contentious on Dec. 7. La Scala last year mitigated the impact by cutting consumption of gas and electricity by 22% and around 15% respectively, its artistic director Dominque Meyer said on Monday. In its new season, La Scala will host 14 operas, seven ballets, as well as concerts featuring Italian conductor Riccardo Muti, Briton Daniel Harding and Russian-born Kirill Petrenko.

☆ Italy's Enel to invest more than $1 bln in Oklahoma solar panel factory
▼ + stars: | 2023-05-22 | by ( Nichola Groom | ) www.reuters.com time to read: +3 min

[1/2] A logo of Italian multinational energy company Enel is seen at the Milan's headquarters, Italy, February 5, 2020. The facility will be among the largest to produce solar equipment in the United States, where most projects are built with imported panels. It is also one of the first U.S. factories to produce silicon-based solar cells on a large scale. The investment is one of the biggest in solar manufacturing since the passage of U.S. President Joe Biden's landmark climate change law, the Inflation Reduction Act (IRA), last year. Enel, which had first said last year it planned to build a U.S. solar factory, selected a site in Inola, Oklahoma, near Tulsa.

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