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[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. European shares gained modestly after euro zone inflation fell further in July seeing that most measures of underlying price growth also eased. "Data out this week should remain superficially consistent with the 'soft landing' narrative," Citi market strategists wrote in a note. Japanese 10-year yields surged to a nine-year high up to 0.6% on Monday, and toward the new cap of 1.0%. U.S. crude rose 1.63% to $81.89 per barrel and Brent was at $85.56, up 0.67% on the day.

Persons: Brendan McDermid, Florian Ielpo, Paul Christopher, Christopher, Austan Goolsbee, Sterling, Brent, Lawrence Delevingne, Nell Mackenzie, Nick Macfie, Will Dunham, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Dow Jones, Nasdaq, Apple Inc, Caterpillar Inc, Starbucks Corp, Devices, Markets, European Central Bank, Lombard, U.S, Citi, Intel, Lam Research, Wells Fargo Investment, Chicago Federal Reserve Bank, Bank of England, Bank of, Federal Reserve, Bank of Japan, Treasury, Thomson Locations: New York City, U.S, Wells Fargo, Boston, London

☆ J&J shares on track for biggest daily drop in 3 years on talc setback
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +1 min

Companies Johnson & Johnson FollowJuly 31 (Reuters) - Shares in Johnson & Johnson (JNJ.N) were down 4.1% on Monday and looked set for their biggest one-day percentage loss since June 2020 after a U.S. judge shot down its second attempt to resolve tens of thousands of talc-related lawsuits. Johnson & Johnson has now failed twice to resolve talc suits by offloading the related liabilities into a new company and placing it into bankruptcy. Lawsuits had alleged baby powder and other talc products sometimes contained asbestos and caused mesothelioma, ovarian cancer and other cancers. J&J has said its talc products are safe and do not contain asbestos. Flynn, who rates J&J stock 'equal-weight,' has a $187 price target on the stock compared with the median Wall Street price target of $180, according to Refinitiv which shows 23 analysts covering J&J.

Persons: Johnson, imperils, Morgan Stanley, Terence Flynn, Friday's, Flynn, J, Sinéad Carew, Deepa Babington Organizations: Johnson, Thomson Locations: U.S

☆ Morning Bid: Will August retain July's heat?
▼ + stars: | 2023-07-31 | by ( Stephen Culp | ) www.reuters.com time to read: +2 min

August 1 (Reuters) - A look at the day ahead in Asian markets from Stephen Culp, financial markets journalist. Asian stocks have closed the books on a July that ran fairly hot, and not just with respect to temperatures. On Tuesday, Australia's central bank is expected to follow in the footsteps of its global peers by hiking its policy rate by 25 basis points. Both reports should provide further clarity on the effects of the Federal Reserve's restrictive monetary policy on the world's largest economy. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Stephen Culp, Wall, Deepa Babington Organizations: CSI, Asia Pacific, Nikkei, China PMI, Bank of Japan's, Caterpillar, Institute for Supply, Labor, Reserve Bank of, Global, PMI, Thomson, Reuters Locations: Japan, China, Australia's, United States, India, Korea

July 31 (Reuters) - The American Civil Liberties Union (ACLU) filed a lawsuit on Monday on behalf of Oklahoma residents asking a state judge to block the creation of the nation's first religious public charter school. Oklahoma's Statewide Virtual Charter School Board, one of the defendants in the suit, in June approved the Catholic Church's application to create the St. Isidore of Seville Catholic Virtual School, which would use millions of dollars in taxpayer funds to operate. Rebecca Wilkinson, the executive director of the statewide virtual charter school board, said in an email that the agency would not comment on pending litigation. Charter schools are publicly funded and independently run under the terms of a charter with a local or national authority. Listed as plaintiffs in the lawsuit challenging St. Isidore are nine Oklahoma residents and the Oklahoma Parent Legislative Action Committee.

Persons: Isidore of, Isidore, Brett Farley, Farley, Ryan Walters, Walters, St, Rebecca Wilkinson, Gentner Drummond, Brad Brooks, Donna Bryson, Bill Berkrot, Deepa Babington Organizations: American Civil Liberties Union, ACLU, Charter School Board, Isidore of Seville Catholic Virtual School, Catholic Conference of Oklahoma, U.S, Supreme, Republican, Oklahoma, Catholic, Catholic Archdiocese of, Catholic Archdiocese of Oklahoma City, University of Notre Dame, The ACLU, Americans United, and State, Education Law Center, Religion Foundation, Thomson Locations: Isidore of Seville, Oklahoma, U.S ., Maine and Montana, St, Catholic Archdiocese of Oklahoma, Indiana, Lubbock , Texas

☆ White House recommends scaling back FBI authority under intelligence act
▼ + stars: | 2023-07-31 | by ( Steve Holland | ) www.reuters.com time to read: +2 min

WASHINGTON, July 31 (Reuters) - A White House review on Monday recommended that the FBI's ability to conduct non-national security queries under a controversial surveillance law be removed as part of reforms aimed at getting the law reauthorized. The Foreign Intelligence Surveillance Act's Section 702 permits the U.S. government to collect digital communications of foreigners located outside the United States. "If Congress fails to reauthorize Section 702, history may judge the lapse of Section 702 authorities as one of the worst intelligence failures of our time," concluded the review, which was conducted for the White House by the president's Intelligence Advisory Board. The review recommended that Attorney General Merrick Garland "remove FBI’s authority to conduct queries for evidence of a non-national security-related crime in its Section 702 data." "FBI’s use of Section 702 should be limited to foreign intelligence purposes only and FBI personnel should receive additional training on what foreign intelligence entails," the review said.

Persons: Donald Trump, Merrick Garland, Joe Biden's, Jake Sullivan, Jon, Steve Holland, Mark Porter, Deepa Babington Organizations: Foreign Intelligence, Republican, White, president's Intelligence, Department, FBI, Thomson Locations: United States

July 31 (Reuters) - A group of Democratic state attorneys general has urged a federal appeals court to lift an order sharply curbing the ability of government officials to push social media companies to moderate content they deem harmful. Circuit Court of Appeals that the order hampers efforts by government officials to stop the spread of false information. They alleged that U.S. government officials, under both Democratic President Joe Biden and his Republican predecessor Donald Trump, effectively coerced social media companies to censor posts over concerns they would fuel vaccine hesitancy during the COVID-19 pandemic or upend elections. The office of Louisiana Attorney General Jeff Landry did not immediately respond to a request for comment. Reporting By Brendan Pierson in New York; editing by Deepa Babington and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Letitia James, Terry Doughty, Joe Biden, Donald Trump, Biden, Andrew Bailey, Jeff Landry, Edith Brown Clement, Jennifer Walker Elrod, Don Willett, Brendan Pierson, Deepa Babington, Leslie Adler Organizations: Democratic, District of Columbia, New York, New, Circuit, Appeals, District, Republican, U.S, Facebook, YouTube, Department of Health, Human Services, Federal Bureau of, Missouri, Thomson Locations: New Orleans, U.S, Louisiana, Missouri, New York

☆ Outcry Against AI Companies Grows Over Who Controls Internet’s Content
▼ + stars: | 2023-07-30 | by ( Deepa Seetharaman | Keach Hagey | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Western Canada dock workers reject labor contract
▼ + stars: | 2023-07-29 | by ( ) www.reuters.com time to read: 1 min

OTTAWA, July 29 (Reuters) - Dock workers in western Canada have rejected a proposed labor contract that would have ended a dispute that has already impacted trade and could have more economic repercussions by disrupting operations at the country's busiest ports. "The membership of the ILWU Canada Longshore Division has said No to the terms of the settlement," the workers' union said in a statement early on Saturday and called on their direct employers to come to the table for negotiations. Reporting by Ismail Shakil in Ottawa and Gokul Pisharody in Bengaluru, editing by Deepa Babington and Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

Persons: Ismail Shakil, Deepa Babington, Lincoln Organizations: OTTAWA, Canada Longshore, Thomson Locations: Canada, Ottawa, Bengaluru

For the week, the Nasdaq climbed 2.02%, while the S&P rose 1.01%, and the Dow gained 0.66%. The gains gave the S&P 500 its highest close since April 4, 2022. Barclays said investors flocked to equities this week, with inflows of $10 billion to U.S.-listed stocks, according to a note to clients. Advancing issues outnumbered declining ones on the NYSE by a 2.64-to-1 ratio; on Nasdaq, a 2.81-to-1 ratio favored advancers. The S&P 500 posted 27 new 52-week highs and two new lows; the Nasdaq Composite recorded 83 new highs and 84 new lows.

Persons: Scott Ladner, Win Murray, Diamond Hill, Jerome Powell, Brendan McDermid, Peers, Dow, Jim Farley, Carolina Mandl, Kamdar, Johann M, Maju Samuel, Deepa Babington Organizations: Dow, Nasdaq, Big Tech, Federal Reserve, Horizon Investments, Dow Jones, Barclays, New York Stock Exchange, REUTERS, Peers Nvidia, Marvell Technology, Treasury, Bank of Japan, Procter & Gamble, Ford, Enphase Energy, Juniper Networks, Exxon Mobil, Chevron, Reata Pharmaceuticals, NYSE, Thomson Locations: China, U.S, New York City, New York, Bengaluru

☆ Wall St Week Ahead Hopes of 'Goldilocks' economy, rate peak buoy US stocks
▼ + stars: | 2023-07-28 | by ( David Randall | ) www.reuters.com time to read: +5 min

The S&P 500 is up nearly 19% this year after gaining around 1% in the past week. At the same time, investors believe the Fed is unlikely to deliver much more of the monetary policy tightening that shook markets last year. A test of the economy comes next week, when the U.S. reports employment numbers for July. The tech-heavy Nasdaq 100 is up nearly 44% year-to-date, while the S&P 500 information technology sector has gained nearly 46%. The S&P 500 tech sector now trades at 28.2 times forward earnings, from 19.6 at the start of the year.

Persons: Brendan McDermid, Jerome Powell, Bob Kalman, Torsten Slok, Burns McKinney, Randy Frederick, wouldn't, David Randall, Ira Iosebashvili, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Federal, Miramar Capital, Apollo Global Management, Meta, Roku Inc, NJF Investment Group, Apple, Microsoft, Schwab Center, Financial Research, Thomson Locations: New York, U.S, Miramar

U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s, data showed on Friday. Barclays said investors flocked to equities this week, with inflows of $10 billion to U.S.-listed stocks, according to a note to clients. On the earnings front, Intel's (INTC.O) results and forecast pointed to an improving PC market, sending the chipmaker's shares up. The yield on the U.S. 10-year note slipped from 4% hit in the previous session, lifting megacap growth and technology stocks sharply higher. Reata Pharmaceuticals (RETA.O) surged after Biogen (BIIB.O) agreed to buy the rare disease drugmaker for nearly $6.5 billion.

Persons: Scott Ladner, Win Murray, Diamond Hill, Jerome Powell, Peers, Dow, Jim Farley, Carolina Mandl, Kamdar, Johann M, Maju Samuel, Deepa Babington Organizations: Horizon Investments, Federal Reserve, Nasdaq, Dow Jones, Barclays, Peers Nvidia, Marvell Technology, Treasury, Bank of Japan, Procter & Gamble, Ford, Enphase Energy, Juniper Networks, Exxon Mobil, Chevron, Reata Pharmaceuticals, Thomson Locations: China, U.S, New York, Bengaluru

Bolstered by supply cuts from the OPEC+ alliance announced earlier this month, both oil benchmarks gained nearly 5% for the week - a fifth straight week of gains. The benchmarks are on track to gain over 13% for the month. In an interview on Friday, Exxon Mobil (XOM.N) chief Darren Woods said he expected record oil demand this year and next. On the supply side, U.S. oil rigs fell by one to 529 this week, their lowest since March 2022, energy services firm Baker Hughes (BKR.O) said on Friday. Saudi Arabia is expected to extend the voluntary oil output cut for another month to include September, five analysts said, to provide additional support for the oil market.

Persons: Brent, Phil Flynn, Jerome Powell's, Tamas Varga, Darren Woods, Baker Hughes, Stephanie Kelly, Natalie Grover, Laura Sanicola, Andrew Hayley, Deepa Babington, Kirsten Donovan Organizations: drillers, U.S . Federal Reserve, European Central Bank, U.S, West Texas, Price Futures, Federal, Exxon Mobil, Thomson Locations: France, Spain, China, OPEC, United States, U.S, Saudi, Saudi Arabia, New York, London, Washington, Beijing

☆ Italy's Leonardo to focus on 'bytes and data', new CEO says
▼ + stars: | 2023-07-28 | by ( Alvise Armellini | ) www.reuters.com time to read: +2 min

ROME, July 28 (Reuters) - Italy's state-controlled defence and aerospace group Leonardo (LDOF.MI) needs to focus on the fast-growing cybersecurity and space sectors to keep up with industry trends, its new CEO said on Friday. "Defence is increasingly made with bytes and data, instead of bullets," Cingolani said during a call with analysts, announcing a new industrial plan that will be unveiled in early 2024. In the first half of 2023, Leonardo's new orders rose to almost 8.7 billion euros ($9.60 billion), up 18.9% year-on-year, while group net debt fell to 3.6 billion euros from 4.8 billion euros in the first half of last year. H1 revenues were up 4.8% to just under 6.9 billion euros, while earnings before interest, taxes depreciation and amortisation (EBITDA) rose by 3.5% to 703 million euros. Leonardo's confirmed guidance for 2023 includes a forecast for new orders at around 17 billion euros, revenues in the 15-15.6 billion euro range, EBITA at 1.26-1.31 billion euros and group net debt of about 2.6 billion euros.

Persons: Leonardo, Roberto Cingolani, Cingolani, Leonardo's, Alvise Armellini, Gavin Jones, Deepa Babington Organizations: Defence, Thomson Locations: Ukraine, Italy, Britain, Japan, Leonardo's Milan

U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s. Most of the 11 major S&P 500 sectors posted gains, led by communications services (.SPLRCL), which gained 2.01% as big tech companies kept an upward trend after announcing earnings earlier this week. More than half of the firms listed on the S&P 500 have reported second quarter earnings as of Friday, out of which 78.7% have surpassed analyst expectations, according to Refinitiv data. Advancing issues outnumbered declining ones on the NYSE by a 2.31-to-1 ratio; on Nasdaq, a 2.62-to-1 ratio favored advancers. The S&P 500 posted 26 new 52-week highs and two new lows; the Nasdaq Composite recorded 73 new highs and 69 new lows.

Persons: Win Murray, Diamond Hill, Peers, Dow, Jim Farley, Bansari Mayur Kamdar, Johann M, Maju Samuel, Deepa Babington Organizations: Dow, Nasdaq, Federal Reserve, Peers Nvidia, Marvell Technology, Treasury, Bank of Japan, Big Tech, Dow Jones, Procter & Gamble, Ford, Enphase Energy, Juniper Networks, Exxon Mobil, Chevron, Reata Pharmaceuticals, NYSE, Thomson Locations: China, Bengaluru

☆ Mexican peso hits 7-1/2 year high vs dollar, further gains eyed
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

The currency, which has been dubbed the "super peso" in some quarters, including by its most prominent cheerleader, President Andres Manuel Lopez Obrador, strengthened by more than 1.3% in morning trading to 16.63 per dollar. "What's happening with the peso right now is due to weakness in the dollar, but also because of optimism surrounding the Mexican peso," said Banco Base analyst Gabriela Siller. "And with this international investors keep buying Mexican pesos and it may keep appreciating," she added. Data pointing to softening U.S. inflation on the one hand and better-than-expected growth data on the other has helped weaken the dollar and boost the peso, which could continue firming to 16.40 to the dollar, Siller said. Reporting by Anthony Esposito and Aida Pelaez-Fernandez, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Andres Manuel Lopez Obrador, Gabriela Siller, Siller, Anthony Esposito, Aida Pelaez, Fernandez, Deepa Babington Organizations: MEXICO CITY, greenback, Federal Reserve, Banco Base, JPMorgan, Thomson Locations: MEXICO, America, United States

The White House has said Biden was never in business with his son. "Republicans may have to find something else to criticize me for now that inflation is coming down. "Workers who have been left behind for decades aren't just finding jobs, more jobs, they're finding better jobs, with higher pay," Biden said. Biden detailed decades of job loss in Maine, as the state's historical industries, including textiles and paper, shut factories for lower-cost destinations. Several Democratic members of the U.S. House of Representatives met at the White House on Friday to discuss implementing the $1 trillion infrastructure bill that Biden has signed into law.

Persons: Joe Biden, Kevin McCarthy, Biden, Hunter Biden, David Weiss of, Jonathan Ernst Biden's, Donald Trump, Ronald Reagan, Steny Hoyer, Jarrett Renshaw, Trevor Hunnicutt, Steve Holland, Leslie Adler, Heather Timmons, Deepa Babington Organizations: Republican, Republicans, U.S, Trump, White, Workers, Auburn Manufacturing Inc, FOCUS, Auburn Manufacturing, REUTERS, Federal Reserve, Auburn, Democratic, U.S . House, Thomson Locations: AUBURN, Maine, Washington, David Weiss of Delaware, U.S, Auburn , Maine, Auburn, Maine’s, New England

The ruling allows the oversight district to pursue its case that seeks to void "backroom deals" favorable to Disney that were struck with a prior district board earlier this year. A Disney spokesperson said the decision "has no bearing" on the federal lawsuit seeking to "vindicate Disney's constitutional rights." "We are fully confident Disney will prevail in both the federal and state cases," the spokesperson said in an email. The skirmish began last year after Disney criticized a Florida law banning classroom discussion of sexuality and gender identity with younger children. DeSantis rallied lawmakers to pass bills that reconstituted the district as the Central Florida Tourism Oversight District and transferred power over the board to the governor from Disney.

Persons: Ron DeSantis, DeSantis, Disney, Lawmakers, Tom Hals, Jody Godoy, Deepa Babington, Jonathan Oatis, Richard Chang Organizations: Walt Disney Co, DeSantis, Disney, Republican, Central, Thomson Locations: WILMINGTON , Delaware, Florida, Central Florida, District, Wilmington , Delaware, New York

Congress authorized up to $1 billion worth of Presidential Drawdown Authority weapons aid for Taiwan in the 2023 budget. One official, speaking on the condition anonymity, said the package is expected to be worth around $330 million. The Taipei Economic and Cultural Representative Office in the United States did not immediately respond to a request for comment. Beijing has repeatedly demanded the United States, Taiwan's most important arms supplier, halt the sale of weapons to the island. Taiwan has complained of delays to U.S. weapon deliveries, such as Stinger anti-aircraft missiles, as shipments from U.S. stockpiles moved to Ukraine.

Persons: General Atomics, Defense Lloyd Austin, Mark Milley, Mike Stone, Idrees Ali, Chris Sanders, Deepa Babington, Lincoln Organizations: Reuters, Congress, U.S . Air Force, Cultural, Defense, Presidential, Authority, U.S . Army, Joint Chiefs of Staff, Thomson Locations: United States, Taiwan, China, Taipei, Beijing, U.S, Ukraine

Congress authorized up to $1 billion worth of Presidential Drawdown Authority weapons aid for Taiwan in the 2023 budget. One official, speaking on the condition anonymity, said the package is expected to be worth around $330 million. The Taipei Economic and Cultural Representative Office in the United States did not immediately respond to a request for comment. Beijing has repeatedly demanded the United States, Taiwan's most important arms supplier, halt the sale of weapons to the island. Taiwan has said its defense spending this year will focus on preparing weapons and equipment for a "total blockade" by China, including parts for F-16 fighters and replenishing weapons.

The company's total revenue rose 1.7% to $30.51 billion in the quarter, beating analysts' average estimate of $30.13 billion, according to Refinitiv data. Ad revenue in content and experiences fell 4.9% from the same quarter a year prior, in a weak but stable advertising environment. Paid subscribers increased by two million in the second quarter, to 24 million, from the 22 million it reported in the previous quarter. Theme parks revenue climbed 22.4%, thanks to demand for attractions such as “Super Nintendo World” in Hollywood and Osaka, Japan. Overall, net income attributable to Comcast rose 25.1% to $4.25 billion in the quarter.

Persons: Mario, Peacock, Factset, Helen Coster, Deepa Babington Organizations: YORK, Comcast, Revenue, Nintendo, Competition, Mobile US Inc, Verizon Communications Inc, Thomson Locations: Hollywood, Osaka, Japan

[1/5] Canada's Prime Minister Justin Trudeau poses for a family photo with cabinet ministers, following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. Dominic LeBlanc becomes public safety minister, taking over for Marco Mendicino, and Arif Virani moves from the back benches to become justice minister. "The shuffle does send a clear message that the government is aware that their current standing with the electorate is not healthy." An Abacus Data poll out on Wednesday shows his party opening up a big lead on the Liberals with 38% to 28% in public support. Poilievre pounced on the shuffle, calling it evidence of the prime minister's failures.

Persons: Justin Trudeau, Blair Gable OTTAWA, Trudeau, Chrystia Freeland, Francois, Philippe Champagne, Melanie Joly, Sean Fraser, Dominic LeBlanc, Marco Mendicino, Arif Virani, Bill Blair, Anita Anand, Frank Graves, Pierre Poilievre, Poilievre pounced, Shachi Kurl, Angus Reid, David Ljunggren, Steve Scherer, Paul Simao, Mark Heinrich, Deepa Babington Organizations: Canada's, Rideau Hall, REUTERS, Canadian, Finance, Innovation, Infrastructure, Defense, Conservative, Abacus, Twitter, New Democrats, Angus, Angus Reid Institute, Conservatives, Liberals, Thomson Locations: Ottawa , Ontario, Canada

July 27 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The Nasdaq fell only 0.1% and 'big tech' fell less than 1% but that masked huge moves in some shares which added or wiped out tens of billions of dollars of market cap. Back in Asia, a sense of realism returned over the expected measures from Beijing to revitalize the economy. After outsized gains on Tuesday - a 14% surge in property stocks - major indices in China and Hong Kong closed in the red. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jamie McGeever, Jerome Powell, Dow Jones, Deepa Babington Organizations: Federal, Fed, ECB, Bank of, U.S, Nasdaq, Microsoft, Meta, Facebook, Investors, Central Bank, Thomson, Reuters Locations: Asia, U.S, Beijing, China, Hong Kong, Australia

WASHINGTON, July 26 (Reuters) - U.S. President Joe Biden has ordered his administration to begin sharing evidence of alleged Russian war crimes in Ukraine with the Hague-based International Criminal Court (ICC), a U.S official said on Wednesday. The ICC, a permanent war crimes tribunal, in March issued an arrest warrant for Russian President Vladimir Putin for suspected deportation of children from Ukraine, which would be a war crime. Republican and Democratic lawmakers have accused the Pentagon of effectively undermining war crimes prosecution of Russia by blocking the sharing of U.S. military intelligence with the ICC. Russia has issued an arrest warrant for the ICC prosecutor who in March prepared a warrant for Putin on war crimes charges. A successful war crimes prosecution requires a high standard of proof, in a situation where access to suspects and crime scenes is often restricted and there is overlapping jurisdiction between national and international courts.

Persons: Joe Biden, Vladimir Putin, Biden, Putin, Trevor Hunnicutt, Idrees Ali, Ismail Shakil, Rami Ayyub, Dan Whitcomb, Jonathan Oatis, Deepa Babington Organizations: Hague, Court, ICC, U.S, Pentagon, New York Times, National Security, Ukraine’s, Republican, Democratic, Thomson Locations: Ukraine, United States, Russia

☆ Factbox: Key moves in Justin Trudeau's cabinet shuffle
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +3 min

OTTAWA, July 26 (Reuters) - Canadian Prime Minister Justin Trudeau shuffled his cabinet on Wednesday, appointing new heads at 30 of the 38 ministries, adding seven new faces. Bill Blair took over as defense minister, his fourth cabinet post under Trudeau since 2018, where he will oversee military efforts to help Ukraine and reinforce NATO. The former Toronto police chief, 69, had previously been in charge of border security, public safety and then emergency preparedness. Marc Miller, 50, was promoted to immigration minister from crown indigenous relations. Fraser, 39, had been immigration minister since October 2021.

Persons: Justin Trudeau, Anita Anand, Anand, Bill Blair, Trudeau, Dominic LeBlanc, Marco Mendicino, Marc Miller, Sean Fraser, Mark Holland, Jean, Yves Duclos, Pablo Rodriguez, Arif Virani, David Lametti, Mona Fortier, Mendicino, David Ljunggren, Steve Scherer, Deepa Babington Organizations: OTTAWA, Canadian, WHO, Treasury Board, NATO, Toronto police, Liberal, Canadian Heritage, Treasury, Thomson Locations: Ukraine, Fraser, Ontario

The official opposition Conservatives, who blame Trudeau for housing shortage and spiking inflation, have consistently been ahead in the polls for over year. "Bringing in fresh energy with new members and new challenges was important for our economic team in particular," Trudeau told reporters after the shuffle. [1/5]Canada's Prime Minister Justin Trudeau poses for a family photo with cabinet ministers, following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. REUTERS/Blair GableConservative leader Pierre Poilievre pounced on the shuffle, calling it evidence of the prime minister's failures. "Justin Trudeau may have fired many of his cabinet ministers today, but he's just as out of touch as ever, doubling down on his inflationary, high-spending and high-taxing ways," he said in a statement.

Persons: Justin Trudeau, Trudeau, Chrystia Freeland, Francois, Philippe Champagne, Melanie Joly, Sean Fraser, Frank Graves, Blair Gable, Pierre Poilievre pounced, Jagmeet Singh, Kurl, Angus Reid, David Ljunggren, Steve Scherer, Ismail Shakil, Paul Simao, Mark Heinrich, Deepa Babington, Mark Porter Organizations: OTTAWA, Canadian, Liberal, Finance, Innovation, Infrastructure, Conservatives, Abacus, Canada's, Rideau Hall, REUTERS, Blair Gable Conservative, New Democrats, New, Angus, Angus Reid Institute, Liberals, Thomson Locations: Ottawa , Ontario, Canada

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