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Hunter Biden, appearing in court wearing a dark suit and sporting slicked back hair, appeared agitated and worried as the plea deal began to unravel. She said she has “concerns about the constitutionality” of the gun deal because it might violate separation of powers principles. Noreika also has the ultimate decision on what sentence Hunter Biden will receive if a plea deal is accepted or he is tried and convicted. “At least there is some scrutiny going on,” Texas Rep. Chip Roy told CNN in reaction to the Hunter Biden plea deal being refined. GOP Rep. Jim Jordan of Ohio credited IRS whistleblowers critical of the investigation for the collapse of a plea deal, although the issue did not come up during a hearing.

Persons: Hunter Biden, Joe Biden, Hunter, Maryellen Noreika –, Donald Trump, Senate Democrats –, Noreika, Hunter Biden’s, Chris Clark, FARA, ” Noreika, isn’t, –, plop, couldn’t, Judge Maryellen Noreika, Bill Hennessy, Will DOJ’s, Justice Department’s, “, Chip Roy, Delaware’s Trump, David Weiss, Jim Jordan, Weiss, Jordan Organizations: CNN, US, Senate Democrats, Justice Department, Justice, ” Texas, GOP, Committee Locations: FARA, Wilmington , Delaware, Ohio

Mr. Biden paid the overdue tax bill in 2021. Mr. Weiss’s office has also charged Mr. Biden in connection with the purchase of a handgun in 2018, when Mr. Biden falsely said on a government form that he was not using drugs. But as part of the deal, the Justice Department, under what is known as a pretrial diversion agreement, said it would not prosecute Mr. Biden on the charge as long as Mr. Biden no longer owns a weapon and remains drug free for two years. As president, Mr. Trump, realizing that Mr. Biden was the candidate with the best chance to beat him in 2020, tried to weaponize Hunter Biden’s business dealings against his father. At the height of the 2020 election, Mr. Giuliani and other Trump confidants believed they had an October surprise that would catapult Mr. Trump to re-election when they obtained a cache of files from Hunter Biden’s laptop.

Persons: Hunter Biden, Biden’s, Biden, David C, Weiss, Harris, —, Justice Department meddled, General Merrick B, Garland, Maryellen Noreika, Donald J, Trump, Hunter, Trump’s, Christopher Clark, Mr, Beau, Clark, Obama, Rudolph W, Giuliani Organizations: U.S, Trump, Biden Justice Department, Court, Biden, Republicans, Justice Department, Republican, Obama Locations: Delaware, Wilmington —, Ukraine, Ukrainian

On the eve of Hunter Biden’s court appearance to enter into a plea deal for misdemeanor tax crimes that would allow him to avoid prison time, House Republicans and conservative groups sought to intervene in the case, urging a judge to throw out the agreement he reached with prosecutors. The highly unusual legal maneuvering — which experts said was unlikely to succeed — illustrated the lengths that House Republicans and their allied groups have been willing to go to as they have tried to use Mr. Biden’s legal and personal troubles to inflict political damage on his father, President Biden. Representative Jason Smith of Missouri, the chairman of the House Ways and Means Committee, filed a brief in Federal District Court in Wilmington, Del., where Hunter Biden’s plea deal is to be considered by a judge on Wednesday. The committee has heard testimony from two Internal Revenue Service investigators who claim to be whistle-blowers and have told the panel that the younger Mr. Biden received preferential treatment from the Justice Department. Mr. Smith’s brief asked the judge to consider the testimony in deciding whether to approve the agreement.

Persons: Hunter, —, Biden, Jason Smith of, Smith’s Organizations: House Republicans, Republicans, Court, Revenue Service, Justice Department, Mr Locations: Jason Smith of Missouri, Wilmington, Del

☆ Here's what to expect from the Federal Reserve meeting Wednesday
▼ + stars: | 2023-07-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

WASHINGTON, DC - JUNE 21: Federal Reserve Chairman Jerome Powell testifies before the House Committee on Financial Services June 21, 2023 in Washington, D.C. Powell testified on the Federal Reserve’s Semi-Annual Monetary Policy Report during the hearing. Win Mcnamee | Getty Images News | Getty ImagesDespite an improving inflation picture, the Federal Reserve is expected on Wednesday to approve what would be the 11th interest rate increase since March 2022. That would push the upper boundary of the federal funds rate to its highest level since January 2001. But apparently the folks at the Fed think they need one more at least." Likewise, Steven Blitz, chief U.S. economist at Globaldata.TSLombard, said a "dovish hike and talk of soft landings" at Wednesday's meeting would be a mistake for the Fed.

Persons: Jerome Powell, Powell, Win Mcnamee, they've, Kathy Jones, Charles Schwab, Jones, —, haven't, Luke Tilley, that'll, " Tilley, I'm, Andrew Hollenhorst, Steven Blitz Organizations: Federal, Financial, Getty, Federal Reserve, Investors, Open Market, Dow Jones, Investment Advisors, Citigroup Locations: WASHINGTON, DC, Washington ,, Central, —, Wilmington, U.S

July 24 (Reuters) - SoftBank Group (9984.T) is forming a joint venture with warehouse automation company Symbotic (SYM.O) to build AI-powered warehouses that will be majority owned by the Japanese technology investor, the companies said on Monday. The unit has also signed a contract to buy AI-powered systems from Symbotic that will be worth $7.5 billion in the next six years. Based in Wilmington, Massachusetts, Symbotic provides robotics warehouse automation solutions and counts Walmart (WMT.N) as its major backer and customer. The Japanese company will have a 65% stake in GreenBox, with Symbotic owning the rest. For fiscal year 2022, Symbotic reported revenue of $593.3 million, up 136% year over year, with a loss of $139.1 million.

Persons: Symbotic, Rick Cohen, upping, Masayoshi Son, Zaheer Kachwala, Krystal Hu, Shailesh Kuber, Anil D'Silva, Cynthia Osterman Organizations: SoftBank, Systems, SoftBank Group Corp, Walmart, JV, Tokyo bourse, Thomson Locations: SoftBank, Wilmington , Massachusetts, Tokyo, GreenBox

But even though the scam targeted Morgan Stanley clients and the advisor admitted using a Morgan Stanley product to carry it out, the firm has fought efforts to hold it responsible. "So, effectively, Morgan Stanley is lending money to the victims of this scheme and that money then gets diverted into Shawn Good's pocket," Easley said. Morgan Stanley, which topped earnings expectations Tuesday thanks in large part to its wealth management business, declined an interview request. But more important than all of that, she said, was that he worked for Morgan Stanley. Morgan Stanley was among 16 firms charged, all admitting they violated federal securities laws.

Persons: Morgan Stanley, Caitlin Andrews, It's, Shawn Edward Good, Good, Shawn Good, Michael F, Easley Jr, Shawn Good's, Easley, pilfered, Marc Fitapelli, Andrews, Fitapelli, Charles Hayward of, whatever's, Hayward, CNBC Andrews, I've, Caitlin, Louis Straney, Romeo Stelvio, Straney, Morgan Stanley's Organizations: Prosecutors, CNBC, Destiny, Easley, Eastern, Raleigh, Financial Industry Regulatory Authority, IRS, North Carolina State Bureau of Investigators, Lexus, Porsche, Tesla, Securities and Exchange, SEC Locations: Carolina Beach , North Carolina, Morgan Stanley's Wilmington, North Carolina, of North Carolina, New York, Charles Hayward of Wilmington, Santa Fe , New Mexico, France, Italy, Spain, Netherlands, Wilmington, N.C

☆ Biden re-election campaign HQ will be based in Delaware
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, July 18 (Reuters) - President Joe Biden will literally keep his re-election campaign headquarters close to home - Wilmington, Delaware, that is. Biden's 2024 campaign team announced on Tuesday that the campaign apparatus will be headquartered in Wilmington, the Delaware city where the president has lived for decades. "My family's values, my eternal optimism and my unwavering belief in the American middle class as our nation's backbone comes from my home – from Delaware," Biden said in a statement. "That's why there is no better place for our re-election campaign to have its headquarters." Biden, as a U.S. senator representing Delaware, frequently took the Amtrak train back home for weekends, earning the nickname "Amtrak Joe."

Persons: Joe Biden, Biden, Steve Holland, Alexandra Hudson Organizations: Amtrak, Alexandra Hudson Our, Thomson Locations: Wilmington , Delaware, Wilmington, Delaware, U.S, Philadelphia , Pennsylvania

The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and challenged stock options that were granted to Tesla directors starting in June 2017. A ruling is expected soon in the Musk case. The directors, including Oracle co-founder Larry Ellison, agreed to return the equivalent value of 3.1 million Tesla stock options, according to a court filing. Along with that gain in stock value, stock options awarded to the directors and to Musk rose sharply in value. Tesla had argued it used the stock options to ensure the incentives of directors were aligned with the goals of investors.

Persons: Lucy Nicholson, Tesla, Larry Ellison, Musk, coercing Tesla, Tom Hals, Nick Zieminski, David Evans Organizations: REUTERS, Elon Musk, Oracle, Police, Thomson Locations: Los Angeles , California, U.S, WILMINGTON , Delaware, Delaware, City of Detroit, Wilmington , Delaware

MV Lara Cruise Ship Courtesy: Miray CruisesA unique offer to cruise around the world for three years — which appeared at risk of running aground earlier this year — now is boasting of a bigger ship. Such bonds reimburse U.S.-boarding passengers if cruise operators fail to complete the booked trips. In March, Life at Sea originally offered what it called the "world's first — and only — three-year cruise" aboard the prior ship, MV Gemini. View of a cabin onboard the MV Lara cruise ship. While she almost pulled out of the trip after controversy over the initial plan to use the Gemini for the cruise, Thomas is now committed to the voyage.

Persons: Cruise, Gemini, Mikael Petterson, Petterson, Petterson's, Barbara, Lara, Kendra Holmes, Miray, Holmes, Thomas, Shirene Thomas, They've, people's Organizations: CNBC, Sea Cruises, Miray Cruises, Federal Maritime Commission, U.S, Gemini, Facebook, Victoria Cruises, [, Miray Locations: —, United States, Florida, North Carolina, Wilmington , North Carolina, U.S, Miami, Istanbul

☆ Biden raised a robust $72 million in the second quarter of 2023. But some Democrats are worried about the the president's reelection operation, pointing to the slow pace of hiring and a still-unopened
▼ + stars: | 2023-07-15 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Some Democrats are expressing concerns about the Biden campaign operation, according to CNN. In the second quarter of 2023, Biden and the Democratic National Committee raised a hefty $72 million for his campaign. (In comparison, former President Donald Trump raised about $35 million in the second quarter.) an individual with a senior role in Biden's 2020 campaign told CNN. The Biden campaign told the network that it was enjoying a "strong start."

Persons: Biden, revving, Joe Biden, Kamala Harris, Donald Trump, Hillary, Julie Chávez Rodríguez, Quentin Fulks, Biden revving, Kevin Munoz Organizations: Biden, CNN, Service, Democratic, AFL, Democratic National Committee, Trump, Wing, Advisors, MAGA Republicans Locations: Wall, Silicon, Wilmington , Delaware, Wilmington

Disney wants Judge Margaret Schreiber in Orlando to dismiss a lawsuit filed in May by the Central Florida Tourism Oversight District, which controls development around the company's theme parks. The lawsuit seeks to void "backroom deals" favorable to Disney that the district alleges were struck with a prior district board and in violation of state law. Lawmakers also retroactively invalidated agreements that Disney reached with the prior board on the eve of it being brought under DeSantis's control. Such a ruling would allow the company to focus on its federal case, which claims DeSantis violated the company's constitutional right to free speech. "If Disney's contracts are void, nearly all of Disney's claims in the federal case disappear," the district said in a court filing.

Persons: Octavio Jones, Ron DeSantis, Margaret Schreiber, DeSantis, Disney, Lawmakers, Tom Hals, Deepa Babington Organizations: Walt Disney, REUTERS, Walt, Co, Walt Disney Co, Disney, Central, Republican, Improvement, Thomson Locations: Orlando , Florida, U.S, WILMINGTON , Delaware, Florida, Orlando, Central Florida, Wilmington , Delaware

July 14 (Reuters) - Cryptocurrency companies that have resisted U.S. regulatory oversight, arguing digital assets are not securities, won a court victory this week. The SEC sued Ripple for conducting an unregistered offering of $1.3 billion in XRP between 2013 and 2020. The regulator has brought more than 100 enforcement actions against crypto companies, claiming digital assets are securities. Securities, unlike assets such as commodities, are strictly regulated and require detailed disclosures to inform investors of potential risks. Before the Ripple decision, judges in the few cases decided in court agreed with the SEC that specific crypto assets were securities.

Persons: Analisa Torres, Ripple, Torres, Coinbase, Howey, Carol Goforth, Goforth, Jody Godoy, Tom Hals, David Gregorio Our Organizations: Labs, U.S, District, U.S . Securities, Exchange Commission, The SEC, SEC, Industry, Supreme, Securities, University of Arkansas, Thomson Locations: New York, XRP, U.S, Solana, Cardano, Florida, Wilmington , Delaware

CompaniesLaw Firms Ripple Labs Inc FollowCoinbase Global Inc FollowJuly 13 (Reuters) - Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring. An SEC spokesperson said the agency was pleased with part of the ruling in which the judge held that Ripple violated federal securities law by selling XRP directly to sophisticated investors. XRP sales on cryptocurrency platforms by Garlinghouse and co-founder and former CEO Chris Larsen, and other distributions including compensation to employees also did not involve securities, Torres ruled. PARTIAL WIN FOR THE SECThe SEC won a partial victory as Torres found the company's $728.9 million of XRP sales to hedge funds and other sophisticated buyers amounted to unregistered sales of securities. Both the Ripple and Coinbase cases focus on registration requirements and whether certain digital assets are securities under U.S. law.

Persons: XRP, Analisa Torres, Brad Garlinghouse, We’ve, Torres, Paul Grewal, Chris Larsen, Garlinghouse, Larsen, Gary DeWaal, Rosenman, Tom Emmer, Jody Godoy, Chris Prentice, Tom Hals, Chizu Nomiyama, Conor Humphries, Leslie Adler, David Gregorio Our Organizations: Labs, Ripple Labs, U.S, District, U.S . Securities, Exchange Commission, SEC, Twitter, Supreme, WIN FOR, Republican, Thomson Locations: U.S, XRP, Katten, New York, Wilmington , Delaware

☆ ‘The Summer I Turned Pretty’: Lola Tung on Growing Up Alongside Belly
▼ + stars: | 2023-07-13 | by ( Christopher Kuo | More About Christopher Kuo | ) www.nytimes.com time to read: +1 min

Lola Tung was taking classes as a first-year acting student at Carnegie Mellon University, in Pittsburgh, when she heard the news. She had just been selected to play the lead in a new Amazon series called “The Summer I Turned Pretty,” based on the best-selling young adult novel by Jenny Han. “I was just in shock because I didn’t expect this,” Tung, 20, a New York City native, said in a video interview last month. The romantic tension captivated teen and young-adult viewers when the series debuted in 2022 and helped turn the show into a social media sensation. The hashtag #TheSummerITurnedPretty has accumulated millions of views on TikTok as users post fawning videos in support of “Team Conrad” or “Team Jere.”

Persons: Lola Tung, Jenny Han, “, ” Tung, Tung, Isabel Conklin, —, Conrad, Christopher Briney, Jeremiah, Gavin Casalegno, Conrad ”, Jere, ” Organizations: Carnegie Mellon University, “ Locations: Pittsburgh, New York City, Wilmington, N.C

☆ Slow pace of Biden’s reelection campaign feeds Democrats’ 2024 anxiety
▼ + stars: | 2023-07-13 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +15 min

It’s a persistent sense that the inner circle of advisers to the president and several of the very few aides who have been hired for his reelection campaign dismiss as absurd. “They are so underestimated, and they keep getting it right,” said Jim Messina, former president Barack Obama’s 2012 reelection campaign manager, who has been one of the people privately advising Biden’s team to ramp up gradually. “We will grow and ramp up alongside the Biden campaign, probably in late fall or early next year,” Barnes said. “The most important power of incumbency is taking time to plan and build your campaign while your challenger is busy with a primary,” a Democratic campaign veteran said. “You can raise more now, but President Biden is raising less,” a veteran Democratic fundraiser on the West Coast said.

Persons: –, Joe Biden won’t, Biden, “, ”, Jim Messina, Barack Obama’s, Obama, aren’t, Donald Trump, ‘, “ I’m, Trump’s, David Axelrod, “ Trump, ” Axelrod, Biden’s, Kevin Munoz, Harris, Roe, Wade, Mitt Romney, Trump, Jen O’Malley Dillon, Messina, ” Messina, Roy Cooper, you’re, ” Cooper, Kamala Harris, Lavora Barnes, Julie Chávez Rodriguez, Barnes, ” Barnes, ’ ”, Axelrod, who’s, – “ it’s, Larry Cohen, Bernie Sanders, Obama’s –, Lis Smith Organizations: CNN, Democratic, Trump, GOP, Republicans, MAGA Republicans, Biden, Democratic National Committee, Republican, America, White, North Carolina Gov, ” Michigan Democratic Party, Communications Workers of America, Obama, Biden pessimists Locations: America, Wilmington, Capitol Hill, Washington, Chicago, stoke

☆ These 10 states are running America's best economies for residents
▼ + stars: | 2023-07-13 | by ( Scott Cohn | ) www.cnbc.com time to read: +8 min

To determine which states have the best economy, we look at overall economic growth and annual job growth on a percentage basis, as well as the health of state finances. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. IndianaWhile the Hoosier State's economy is hardly a barnburner, Indiana offers stability. The state's debt rating is solid. UtahThe Beehive State's economy just keeps buzzing.

Persons: Christina, Dupont De Nemours, Incyte Carlos Hernandez, Eileen T, Meslar, Eli Lilly, Kyle Green, Lucas Jackson, George Frey, Zions, Tim Aeppel, —, Justin Sullivan, Lindsey Nicholson, Matthew Busch, payrolls, Jim Watson Organizations: Companies, Business, Getty, Bureau, AAA, Reuters, Indiana, Hoosier, Federal Housing Finance Agency, National Association of Realtors, Simon Property, Bloomberg, Gem, Data Solutions, Micron Technology, Lamb Weston Holdings, South, South Carolina, Union Pacific, Automotive Designs, . Tennessee The Volunteer State, Headquarters, FedEx, Tractor, Delta Airlines, Peach State, Assurant, Intercontinental Exchange, Universal, North, Bank of America, Duke Energy, Just Energy Group, Texas, Lone Star State, Oracle, Tesla, AFP Locations: U.S, States, Wilmington , Delaware, Delaware, Middlebury , Indiana, , Indiana, CBH, Calvary Springs, Nampa , Idaho, Idaho, California, York County , South Carolina, South Carolina, Palmetto, South, Salt Lake City , Utah, Utah, Bristol , Indiana, Tennessee, Alpharetta , Georgia, Georgia, Denver , North Carolina, North Carolina, Houston , Texas, The Texas, Texas, New York, Miami , Florida, Florida

NEW YORK, July 12 (Reuters) - An Arizona man filed a defamation lawsuit against Fox News on Wednesday, alleging the network spread a conspiracy theory that he played a key role in the violent storming of the U.S. Capitol by supporters of former U.S. President Donald Trump. This years-long campaign of disinformation, Epps claims in his suit, "destroyed" the lives of Epps and his wife. The lawsuit in Delaware state court comes as voting technology company Smartmatic is suing Fox for defamation, and several months after the company settled defamation claims brought by Dominion Voting Systems for $787.5 million. The company acknowledged the court found some Fox claims about Dominion were false. Carlson told viewers in January 2022 that Epps was a "central figure" in the attack and "helped stage-manage the insurrection," according to the lawsuit.

Persons: Donald Trump, Ray Epps, Fox, Trump, Epps, Abby Grossberg, Tucker Carlson, Carlson, Helen Coster, Jack Queen, Tom Hals, Jamie Freed Organizations: YORK, Fox News, U.S, Capitol, Trump, FBI, Dominion Voting Systems, Fox, Dominion, Fox Corp, United States Capitol, Thomson Locations: An Arizona, Delaware, Washington, New York, Wilmington , Delaware

MONTPELIER, Vermont, July 11 (Reuters) - A Vermont reservoir threatened to overwhelm a dam protecting the state's capital on Tuesday and exacerbate "catastrophic" flooding that has already shut roadways leading out of town and trapped people in their homes. The North Branch converges with a second, larger branch of the Winooski near the Vermont statehouse. "Make no mistake, the devastation and flooding we're experiencing across Vermont is historic and catastrophic," Vermont Governor Phil Scott said at a briefing Tuesday. [1/8]People paddle a kayak down a street flooded by recent rain storms in Montpelier, Vermont, U.S., July 11, 2023. The city's topography - bordered by hills with the downtown in a valley - increases the potential for flooding, Montpelier City Council member Conor Casey said.

Persons: Phil Scott, William Fraser, Brian Snyder, Jack McCullough, McCullough, Mike Cannon, Irene, Conor Casey, Casey, Janet Boyd, Boyd, Brendan O'Brien, Rich McKay, Rachel Nostrant, Daniel Trotta, Devika Syamnath, Bill Berkrot, Sandra Maler Organizations: Branch, National Weather Service, Vermont statehouse, REUTERS, CNN, Thomson Locations: MONTPELIER , Vermont, Vermont, Montpelier, United States, Florida , Texas, California, U.S, New York , Massachusetts, Connecticut, Montpelier City, Montpelier , Vermont, New England, Wilmington , Vermont, Chicago, Atlanta

☆ Watch CNBC's full interview with Meghan Shue and Venu Krishna
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Meghan Shue and Venu KrishnaMeghan Shue, Wilmington Trust EVP, and Venu Krishna, Barclays head of U.S. equity strategy, join 'Closing Bell Overtime' to discuss the day's market action, their latest market calls and more.

Persons: Meghan Shue, Venu Krishna Meghan Shue, Venu Krishna Organizations: Wilmington Trust, Barclays Locations: Wilmington

☆ 'We expect greater downside from here', says Barclays' Venu Krishna on new S&P 500 target
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We expect greater downside from here', says Barclays' Venu Krishna on new S&P 500 targetMeghan Shue, Wilmington Trust EVP, and Venu Krishna, Barclays head of U.S. equity strategy, join 'Closing Bell Overtime' to discuss the day's market action, their latest market calls and more.

Persons: Venu Krishna, Meghan Shue Organizations: Barclays, Wilmington Trust Locations: Wilmington

☆ Wall Street wealth helps boost endowments at posh New York City private schools
▼ + stars: | 2023-07-05 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

The tuition to attend private day schools in New York City can range from $58,000 to about $65,000 per year. Roughly 20% of school children attend private schools in New York City, according to think tank Manhattan Institute. With larger endowments and higher income from tuition, New York City private schools have bigger investment portfolios as well, which include long-term investments. New York City private schools have yet to report figures for 2022, when the S&P 500 fell 19%. Tuitions at New York City private schools are also outpacing those of their counterparts around the country.

Persons: outsized, Horace Mann, Walter Dillingham, Dillingham, Myra McGovern, McGovern, Gertrude Chavez, Dreyfuss, Alden Bentley, Mark Porter Organizations: YORK, Manhattan Institute, Wilmington Trust, National Association of Independent Schools, New York, New, Internal Revenue Service, Horace, Brearley School, Prep Day School, Little Red School House, Harlem Academy, Tuitions, Thomson Locations: New York, New York City, Wilmington, Bronx, Brooklyn, Manhattan, NAIS, Washington, Kansas City

CNN —Wall Street bankers, investors and economists have for months waffled over whether a US recession is coming. But for some Americans, the unforgiving economic pain typical during recession has already set in. Consumer spending accounts for about two-thirds of economic output, so if more Americans are forced to cut back because they were laid off, that might throw the US economy into a recession. Bank of America Chief Executive Brian Moynihan told CNN last week that he expects a mild recession early next year, rather than the late 2022 recession many have predicted. That means that laid-off Americans were often able to find a new job quickly due to a hot job market.

Persons: Al Brown, Brown, it’s, ” Brown, That’s, Allison Joyce, haven’t, Nina McCollum, hasn’t, She’s, ” McCollum, ”, Thomas Simons, ” Simons, Eva Marie Uzcategui, —, Timothy A, Clary, Brian Moynihan, frustrates McCollum, Regina Walton, Walton, she’s, “ It’s, I’ve, ” Walton, “, I’m, Richard Murray, Murray, he’s, you’re Organizations: CNN, Wall, Flyers, New, New Hanover NCWorks, Workforce, Bloomberg, Getty, Investors, Jefferies, National Bureau of Economic Research, Traders, New York Stock Exchange, Bank of America, San Francisco Bay Area, Companies, Consolidated Omnibus Budget, Cascade Locations: Concord , North Carolina, America, New Hanover, Wilmington , North Carolina, Cleveland , Ohio, Miami , Florida, AFP, San Francisco Bay, “, Boston

WILMINGTON, Delaware, June 29 (Reuters) - A legal case making its way through the courts could remove the abortion pill mifepristone from the market or restrict access to the drug. George Delgado - A California palliative care specialist, Delgado helped pioneer "abortion reversal" treatments for women who change their mind after taking mifepristone. Circuit Court of Appeals as an example of the harm caused by the approval of the abortion pill. The American College of Obstetrics and Gynecologists has said abortion reversal is not supported by science and does not meet clinical standards. Foley said in his abortion pill testimony he also treats women for abortion pill reversal.

Persons: George Delgado, Delgado, mifepristone, Gynecologists, Ingrid Skop, Skop, Donna Harrison, Harrison, Tyler Johnson, Johnson, AAPLOG, Steven Foley, Foley, CMDA, Tom Hals, Rosalba O'Brien Organizations: U.S, Circuit, Appeals, American, of Obstetrics, American Association of Pro, Christian Medical, Dental, Charlotte Lozier Institute, Reuters, Indiana, Alliance, Hippocratic, Republican, FDA, Thomson Locations: WILMINGTON , Delaware, California, Texas, Florida, North Dakota, An Indiana, Indiana, Wilmington , Delaware

REUTERS/Evelyn Hockstein/File PhotoWILMINGTON, Delaware, June 29 (Reuters) - A prominent U.S. lawsuit to ban the abortion pill mifepristone has focused on the drug's safety and approval process. Skop and 10 other doctors submitted their testimony when the case began in November. She said she was harmed by the FDA expanding access to the pill because she has treated dozens of women at her hospital's emergency room with mifepristone complications. Erin Hawley, an attorney with the Alliance Defending Freedom legal organization representing the plaintiffs, said abortion sets the case apart. In the abortion pill case, the two initial court rulings found harm to Skop and other doctors was "impending" because the mifepristone label says the treatment may be unsuccessful in up 7% of women.

Persons: Evelyn Hockstein, mifepristone, Ingrid Skop, Roe, Wade, Skop, doesn’t, Leah Litman, Erin Hawley, Hawley, Matthew Kacsmaryk, Samuel Alito's, Danco, Tom Hals, Amy Stevens, Deepa Babington Organizations: Alamo Women's, REUTERS, U.S . Food, Drug Administration, Supreme, FDA, University of Michigan Law School, Alliance Defending, Alliance for Hippocratic, District, Appeals, U.S, Fifth, Amnesty International, Danco Laboratories, Thomson Locations: Carbondale , Illinois, U.S, WILMINGTON , Delaware, Texas, America, Amarillo , Texas, Amarillo, New Orleans, Louisiana, United States, Wilmington , Delaware

☆ EV maker Lordstown Motors begins bankruptcy embroiled in disputes
▼ + stars: | 2023-06-28 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

[1/2] A Lordstown Motors sign is seen outside the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook/File PhotoNEW YORK, June 28 (Reuters) - U.S. electric truck manufacturer Lordstown Motors (RIDE.O) began its bankruptcy case embroiled in litigation, laying out disputes with estranged partner Foxconn, rival electric vehicle manufacturer Karma Automotive, the U.S. Securities and Exchange Commission and several investor groups during its first court appearance. Lordstown has alleged that Foxconn broke its promises to invest $170 million in Lordstown and collaborate with the company on vehicle development plans. Lordstown had struggled with higher-than-expected costs, production shortfalls, and litigation risk well before Foxconn agreed to purchase Lordstown's Ohio manufacturing vehicle center in 2021, Murphy said. Several investor groups have also brought claims against Lordstown, alleging that the electric truck startup misled consumers and investors.

Persons: Rebecca Cook, Foxconn, Lordstown, Thomas Lauria, Mary Walrath, Lauria, Walrath, Matthew Murphy, Murphy, Karma, James Sowka, Dietrich Knauth, Stephen Coates Organizations: REUTERS, Lordstown Motors, Karma Automotive, U.S . Securities, Exchange Commission, Taiwan's, U.S . Securities & Exchange, Lordstown, SEC, General, Thomson Locations: Lordstown, Lordstown , Ohio, U.S, Wilmington , Delaware, Delaware, Ohio, Foxconn, Delaware and Ohio, California

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