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NEW YORK (AP) — The prospect of a JetBlue-Spirit Airlines merger took a major hit in court on Tuesday when a federal judge sided with the Biden administration and blocked the $3.8 billion deal. The judge ruled that JetBlue's purchase of Spirit, the nation's largest low-cost airline, would harm competition — and increase prices for air travelers as a result. The Justice Department and several state attorneys general sued to block the merger last year — arguing that it would drive up fares by eliminating low-cost Spirit. With no merger in sight, the status quo for both JetBlue and Spirit remains — meaning air travelers shouldn't expect major changes anytime soon. In the past, the Justice Department has faced criticism for greenlighting a wave of mergers.

Persons: Biden, William Young, Ronald Reagan, General Merrick Garland Organizations: JetBlue, Spirit Airlines, JETBLUE, Justice Department, Young, Justice, Spirit, Frontier Airlines, Alaska Airlines, Hawaiian Airlines, Southwest Locations: Boston, Florida, Delta, United

☆ Here's what a bitcoin ETF actually means for investors
▼ + stars: | 2024-01-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

A false statement saying the regulator had approved a bitcoin ETF was published Tuesday on the SEC's social media account on X, formerly known as Twitter. CNBC runs through everything you need to know about the bitcoin ETF milestone. As crypto investors look to assess what the market impact of a bitcoin ETF might be, many are comparing Wednesday's news to the greenlighting of the SPDR Gold Shares ETF — the first-ever spot gold ETF — in 2004. A bitcoin ETF opens up the audience of people and institutions that can buy and sell bitcoin to those with little experience trading cryptocurrency. "There is now a U.S. bitcoin spot ETF, and bitcoin is no longer considered shady or infamous.

Persons: Vijay Ayyar, Ayyar, Kevin de Patoul Organizations: . Securities, Exchange, U.S, Ark, Twitter, CNBC, — Locations: BlackRock, Invesco, U.S

The world is heading for considerably less warming than projected a decade ago, but that good news is overwhelmed by much more pain from current climate change than scientists anticipated, experts said. Even though emissions of heat-trapping gases are still rising every year, they’re rising more slowly than projected from 2000 to 2015. “It requires the tearing out the poisoned root of the climate crisis: fossil fuels,” said United Nations Secretary-General Antonio Guterres. Guterres, numerous climate scientists and environmental activists all say what’s needed is a phase-out — or at the very least a phase-down — of coal, oil and gas. “This is throwing the global energy transition and humanity’s future into question.”___Read more of AP’s climate coverage at http://www.apnews.com/climate-and-environment.

Persons: That’s, It’s, ”, Niklas Hohne, Bill Hare, Rob Jackson, Ani Dasgupta, ” Dasgupta, Hare, Anne Olhoff, “, ” Jackson, Melanie Robinson, that’s, Johan Rockstrom, Antonio Guterres, Sultan al, Jaber, Greta Thunberg, Adnan Amir, ’ ’, Majid Al Suwaidi, we’ve, Institute’s Hohne, Al Jaber, ” Hohne, Dasgupta, can’t, Inger Andersen, ” ___ Read, Seth Borenstein Organizations: United Nations, United Nations Environment, NewClimate, Stanford University, Project, Resources, UNEP, World Resources Institute, Potsdam Institute, Climate Research, Center for Biological Diversity, Biden Administration, Twitter, AP Locations: Dubai, Paris, Europe, Pakistan, Libya, Arab Emirates, ”, al, greenwashing, Russia, Ukraine

☆ Senators want faster FAA approval for commercial spaceflights
▼ + stars: | 2023-11-21 | by ( Kristin Fisher | ) edition.cnn.com time to read: +4 min

CNN —The top two lawmakers on the US Senate’s space and science subcommittee are pushing federal regulators to accelerate the approval of commercial space launches, arguing that the current pace could cost the United States its edge in the new space race. ‘Keeping pace with industry demand’The FAA’s Office of Commercial Space Transportation is responsible for protecting public safety while simultaneously greenlighting a growing number of commercial space launches, which have quadrupled in just four years. The FAA has already licensed 104 launches this year, compared to 26 launches in 2019. We cannot be our own worst enemy when it comes to beating China to the moon and Mars,” Schmitt told CNN. The senators are now asking Coleman to respond to several questions, including what additional resources he may need to accelerate the launch licensing process, by November 28.

Persons: Kyrsten Sinema, Eric Schmitt, Kelvin Coleman, ”, “, Coleman, Senators Kyrsten Sinema, Al Drago, Eva Marie Uzcategui, we’re, William Gerstenmaier, Sinema, Schmitt of Missouri, ” Schmitt Organizations: CNN, United, Federal Aviation, FAA, Transportation, Senators, Bloomberg, Getty, Elon, SpaceX, US Fish and Wildlife Service, Regulators, Republican, China Locations: United States, Arizona, China, Beijing

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Walt Disney Studios in Burbank, California, U.S., August 22, 2023. Striking writers and actors slashed spending, burned through savings and piled up debt to survive. Sets for movies and TV shows are lighting up again as studios rush to resume filming. Still, Hollywood is unlikely to return to the frenzied production pace of the streaming wars, when studios competed for subscribers and cachet. Hollywood actors won similar gains in a tentative agreement reached with the studios on Nov. 8.

Persons: Mario Anzuoni, caterers, Wall, Celia Finkelstein, ” Finkelstein, “, Serena Kashmir, ”, Fran Drescher, Kevin Klowden, ” Klowden, Long, Marc Meyer Jr, I’ve, Meyer, Guy Bisson, Neil Begley, Ampere, Dawn Chmielewski, Danielle Broadway, Lisa Richwine, Mary Milliken, David Gregorio Our Organizations: Writers Guild of America, Walt Disney Studios, REUTERS, Companies Comcast Corp, Fox, Netflix, Hollywood, Reuters, WGA, SAG, Milken Institute, Sony Pictures, Disney, Global, Ampere, Moody’s, Companies, “, Thomson Locations: Burbank , California, U.S, California, Georgia, New Mexico, Hollywood, ” Kashmir, Kashmir, Colorado, North Hollywood, Los Angeles

Analysts said, however, that Asiana's greenlighting of the cargo unit sale did not necessarily ensure smooth sailing ahead for the deal. They noted the desired valuation for the air cargo unit of some 700 billion won ($520 million) including debt, as reported by local media, was probably too high. Approving the sale was a contentious issue at Asiana amid concerns that a takeover by Korean Air would lead to the loss of many Asiana jobs. Korean Air also said it will buy 300 billion won of convertible bonds issued by Asiana, part of fresh financial support to the smaller airline. The company accounts for about a fifth of South Korea's market for overseas air cargo.

Persons: Bae, Asiana, IAG, 1,342.9900, Joyce Lee, Heekyong Yang, Hyunsu Yim, Edwina Gibbs Organizations: Asiana Airlines, Korean Air Lines, Korean Air, country's, European, Analysts, Hi Investment, Securities, European Union, European Commission, Air, Lufthansa, ITA Airways, British Airways, Spanish, Korea Development Bank, Asiana, Thomson Locations: SEOUL, KS, Korean, Union, United States, Japan, Asiana, Iberia, Germany, Russia

But areas of the market dominated by small stocks and frequented by the country's retail investors have done surprisingly well. Scores of retail investors are dabbling in micro-cap stocks - stocks whose market capitalisation is tiny - operating under the radar of big funds and investors and their massive market-moving flows. Strategies such as Cui's stand out this year in a stock market depressed by China's wobbly economy, heightened geopolitical risks and surging overseas interest rates. Some brokerages are starting to recommend micro stocks to clients. GF Securities said in an October strategy report that buying micro stocks is part of a new investment paradigm in a stock market suffering from anaemic growth, and global decoupling risks.

Persons: Aly, horribilis, Joseph Cui, Cui, Yuan Yuwei, Helen Wu, Wu, Yi Huiman, Lu Deyong, Seres, Lu, Huang Yan, Jason Xue, Samuel Shen, Summer Zhen, Vidya Ranganathan, Simon Cameron, Moore Organizations: REUTERS, Rights, Huawei Technologies, Regulators, Wisdom Asset, China Securities Regulatory Commission, Huawei, Security Technology, TRS Information Technology, Automotive, Seres, Securities, Shanghai QiuYang, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONG KONG, United States, ChatGPT, Ningbo, Summer, Hong Kong

☆ Microsoft-Activision Blizzard takeover approved as UK removes final hurdle
▼ + stars: | 2023-10-13 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —UK antitrust officials have approved Microsoft’s planned takeover of Activision Blizzard, the maker of “Call of Duty” and other hit games, greenlighting one of the biggest tech deals of all time. The Competition and Markets Authority announced Friday that the merger had been cleared after the companies agreed to give up certain cloud gaming rights, removing the final regulatory hurdle to the deal closing. Microsoft (MSFT) unveiled the deal in early 2022, but it was blocked in April by the UK competition regulator. “The new deal will stop Microsoft from locking up competition in cloud gaming,” the agency said Friday. Alongside “Call of Duty,” it also produces “World of Warcraft” and “Overwatch.”Microsoft, which sells the Xbox gaming console, offers a popular video game subscription service called Xbox Game Pass, as well as a cloud-based video game streaming service.

Persons: “, Tencent, Brad Smith, “ we’re, ” Organizations: Hong Kong CNN —, Activision Blizzard, Markets Authority, CMA, Microsoft, Activision, European Union, Ubisoft Entertainment, Sony, Twitter Locations: Hong Kong

☆ Japan’s property sector sees ‘golden period’ as foreign investments surge 45%
▼ + stars: | 2023-10-04 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesForeign investments into Japan's real estate sector have been flourishing in the past year, buoyed by a weak Japanese yen as the country's central bank maintains its ultra-loose monetary policy. "It is a golden period of Japanese real estate," Henry Chin, head of Asia-Pacific research at CBRE, told CNBC. Foreign investors almost doubled their investment from a year ago to $2 billion in the first quarter of the year, the global real estate services company noted. According to latest data provided by CBRE, total foreign investments into Japan's real estate market has risen 45% in the first half of 2023, compared to the same period last year. The solid rebound in Japan's tourism sector following the ease in border restrictions has sparked a rise in hotel occupancies and hospitality investments, Knight Frank said in a recent September note.

Persons: Henry Chin, Chin, Koji Nato, JLL, Knight Frank, CBRE's Chin, Knight Frank's, Christine Li, David Madison Organizations: Bloomberg, Getty, CNBC, Nato LL's, Capital Markets, U.S, APAC Locations: Tokyo, Japan, Asia, Pacific, Osaka, Singapore, U.S, Canada, Magome

Legacy media companies like Disney , Warner Bros. Netflix was the first streamer to report a loss in subscribers in 2022, sending its stock and other media companies spiraling. Media companies also have begun slashing content spending budgets. Yet streaming remains the focus for all of these companies as consumers rapidly cut the cord and opt for streaming. Legacy media companies scrambled to follow suit, unsure if the model actually worked.

Persons: Mario Tama, it's, Steven Schiffman, NBCUniversal, Bob Iger, Ken Solomon, Solomon, Marc DeBevoise, John Hodulik, hasn't, —, Hulu —, Peacock, Max —, HBO Max, — Ryan Murphy, Shonda, Kenya Barris, David Benioff, Weiss —, Jonathan Miller, Shonda Rhimes, Presley Ann, Patrick McMullan, Bart Simpson, esports, DeBevoise, Peter Csathy Organizations: Netflix, Getty, North, Georgetown University, Legacy, Disney, Warner Bros, Discovery, Paramount, Media, Marvel, Tennis Channel, Sinclair, Companies, UBS, CBS, HBO, Max, Hulu, Integrated Media, Trek, Universal Studios Television, Getty Images Disney, Wars, Fox, Hollywood's, Creative Media, Charter Communications, ESPN, & $, + + Locations: Los Angeles, North American, J.J, Abrams, Kenya, Beverly Hills , CA, Georgetown

At least three court cases touching legal issues that could affect special counsel Jack Smith’s approach are ripe for rulings from the DC Circuit. But the start of the new DC Circuit term in early September puts additional pressure on the circuit judges to clear out their opinions in lingering cases. Can investigators access data on the phone of a congressman who aided in Trump’s election reversal attempts? The DC Circuit has yet to decide whether investigators can access certain data from a phone of Perry’s that the FBI seized a year ago. However, Smith’s case as a criminal prosecution differs to the approach taken by the civil litigants in other ways.

Persons: Donald Trump, Jack Smith’s, Tanya Chutkan, Trump, Scott Perry, There’s, Smith, rioter Thomas Robertson, “ dishonestly, Karen Henderson, Nina Pillard, Florence Pan, Barack Obama, Joe Biden, Perry, Jeffrey Clark, Gregory Katsas, Neomi Rao, Ronald Reagan, Henderson, –, Sri Srinivasan, Katsas, Judith Rogers, Obama, Bill Clinton Organizations: CNN, US, DC Circuit, Republican, Capitol, Trump, Department, FBI, Pennsylvania Republican, Democratic, Justice Department Locations: Washington ,, Pennsylvania

☆ Kishida to visit Fukushima plant on Sunday before water release decision
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Evelyn Hockstein Acquire Licensing RightsTOKYO, Aug 19 (Reuters) - Japanese Prime Minister Fumio Kishida said he will visit the Fukushima nuclear plant on Sunday ahead of a final decision on when to begin releasing wastewater from the wrecked facility. The government is at the final stage of when it has to make a decision," Kishida said on Friday in the U.S. His comments were aired by public broadcaster NHK. The International Atomic Energy Agency last month published a report greenlighting the release of radioactive water that Japan says it need to pump into the sea because it is running out of space to store it on site. The decision has been criticized by China and is opposed by some citizens' groups in Japan and South Korea. Kishida was in the U.S. for a trilateral meeting with South Korean President Yoon Suk Yeol and President Joe Biden.

Persons: Fumio Kishida, Joe Biden, Yoon Suk, Camp David, Evelyn Hockstein, Kishida, Yoon Suk Yeol, Tim Kelly, Sonali Paul Organizations: U.S, South, REUTERS, Rights, NHK, International Atomic Energy Agency, South Korean, Thomson Locations: Camp, Thurmont , Maryland, U.S, Japan, China, South Korea

☆ Asset manager Valkyrie files for Ethereum-focused ETF with US SEC
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsAug 16 (Reuters) - Asset manager Valkyrie has filed for an Ethereum Strategy exchange-traded fund (ETF) that will invest in ether futures and other collateral assets, paperwork filed with the U.S. Securities and Exchange Commission showed on Wednesday. The greenlighting of the ETF by the SEC was seen as a watershed moment for cryptocurrencies at the time. The regulator, however, has rejected dozens of applications for spot bitcoin ETFs, citing inadequate level of trading surveillance that could leave the underlying spot market subject to fraud and manipulation. Reporting by Manya Saini in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Valkyrie, Manya Saini, Anil D'Silva Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Exchange, BlackRock, SEC, Thomson Locations: Washington ,, Bengaluru

☆ San Francisco's robotaxi dream has been realized, but some locals and campaigners think things are about to spin out of control
▼ + stars: | 2023-08-11 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

On Thursday, California regulators voted in favor of expanding robotaxi services across the city. On Thursday, regulators at the California Public Utilities Commission voted 3-to-1 in favor of greenlighting the expansion of robotaxi services across the entirety of San Francisco. This signaled their confidence in the safety of driverless vehicles for more than 800,000 citizens. It is this that will linger in the minds of San Francisco's residents as robotaxis go mainstream in the city. This does, of course, pale in comparison with the number of accidents that take place daily in regular vehicles, but it highlights challenges for driverless vehicles nonetheless.

Persons: Cruise, Prashanthi Raman, hasn't, robotaxis Organizations: Morning, Golden, Traffic Safety Administration, California Public Utilities Commission, General Motors, EV, Cruise, LinkedIn, Reuters Locations: Francisco's, California, San Francisco, Silicon Valley

☆ Activists cover Rishi Sunak’s mansion in black cloth after climbing onto the roof with ropes and ladders
▼ + stars: | 2023-08-03 | by ( Martin Goillandeau Chris Liakos Laura Paddison | Martin Goillandeau | Chris Liakos | ) edition.cnn.com time to read: +3 min

CNN —Climate activists draped black cloth over British Prime Minister Rishi Sunak’s private mansion in northern England on Thursday, in a protest against his policy to “max out” the UK’s oil and gas resources in the North Sea. Four demonstrators from the environmental group Greenpeace managed to climb onto the Conservative party leader’s manor house in his North Yorkshire constituency of Richmond early Thursday. They used ladders and climbing ropes to access the roof, where they unraveled 200 square meters of “oil-black fabric” to cover part of the mansion, Greenpeace said in a statement. Greenpeace said Sunak’s announcement is a blow to the UK’s environmental goals. “We desperately need our prime minister to be a climate leader, not a climate arsonist,” said Philip Evans, Greenpeace UK’s climate campaigner.

Persons: Rishi, Sunak, greenlighting Rosebank, “, ”, Philip Evans, ” Evans, Downing, Putin, Kirby Sigston Organizations: CNN —, British, ., Greenpeace, Conservative, Richmond, International Energy Agency, Downing Street, CNN, Downing, North Yorkshire Police Locations: England, North, North Yorkshire, Europe, Southeast Asia, greenlighting, Kirby

☆ Opinion: Alabama Republicans’ defiance keeps an ugly history alive
▼ + stars: | 2023-07-27 | by ( Opinion Nicole Hemmer | ) edition.cnn.com time to read: +6 min

Nicole Hemmer Courtesy Nicole HemmerTheir new map is out, and it makes clear that the Republican-controlled legislature in Alabama has flouted the court order. That started to change in 1938, when the court began to lay the groundwork for the civil rights jurisprudence of the mid- 20th century. APAs the court came to embrace civil rights, racial conservatives began to defy it. Join us on Twitter and FacebookThe courts historically have faced White resistance whenever they have sided with Black civil rights. That tells us less about the court and more about the political power — and impunity — still wielded by pro-discrimination forces, decades after the Civil Rights Movement.

Persons: Nicole Hemmer, Carolyn T, Robert M, “, Who, Kay Ivey, ”, Dred Scott, Sandford, Plessy, Ferguson, Harlan Stone, Brown, White, — Organizations: Rogers Center, Vanderbilt University, “ Partisans, Conservative, CNN, Black, Republican, Republican Gov, Alabama Republicans, Civil, Graymont Elementary School, AP, National Guard, Twitter, Civil Rights Movement, Trump Republicans Locations: Alabama, “, United States, Birmingham , Alabama, In Massachusetts

☆ Sweden's path to NATO membership cleared after Turkey greenlights bid
▼ + stars: | 2023-07-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

Turkey's President Recep Tayyip Erdogan agreed to back Sweden's bid to join NATO, clearing the latter's pathway to become a part of the military alliance. "Completing Sweden's accession to NATO is a historic step that benefits the security of all NATO allies at this critical time. The move was swiftly criticized and threatened to derail Sweden's NATO membership bid. NATO said Sweden and Turkey have cooperated closely to address the latter's security concerns since last year's summit. NATO's expansion along Europe's eastern flank with Finland and Sweden's membership could also make the military alliance "much stronger," Courtney added.

Persons: Recep Tayyip Erdogan, Jens Stoltenberg, Erdogan, Joe Biden, Erdoğan, William Courtney, Courtney Organizations: NATO, Turkey, PKK, Kurdish Workers ' Party, U.S, RAND Locations: Vilnius, Lithuania, Turkey, Sweden, Finland, Syria, Sweden's, Ankara

Grossi said the IAEA's report did not amount to an endorsement of the plan and that Tokyo must take the final decision to release the water due to start later this summer. I'm not on the side of Japan or on the side of China or on the side of Korea. South Korea, which has previously expressed concerns about the release, said on Friday it respected the IAEA's review. Grossi said he understood the concerns because "nothing identical" to this release had happened before. Reporting by Sakura Murakami and John Geddie in Tokyo; Editing by Jacqueline Wong and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Japan's, Rafael Grossi, Grossi, Liu Senlin, Liu, I'm, Sakura Murakami, John Geddie, Jacqueline Wong, Michael Perry Organizations: Reuters, Global Times, IAEA, Thomson Locations: TOKYO, China, China's, Argentina, Australia, Canada, France, Marshall Islands, South Korea, Russia, Britain, U.S, Vietnam, Beijing, Japan, Tokyo, Korea

'NOT ENDORSEMENT'International Atomic Energy Agency (IAEA) chief Rafael Grossi speaks at an interview with Reuters in Tokyo, Japan, July 7, 2023. Grossi said the IAEA's report did not amount to an endorsement of the plan and that Tokyo must take the final decision to release the water due to start later this summer. We say this plan is consistent with the standards," Grossi said. Grossi said he understood the concerns because "nothing identical" to this release had happened before. Reporting by Sakura Murakami and John Geddie in Tokyo; Editing by Jacqueline Wong and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Japan's, Rafael Grossi, Grossi, Liu Senlin, Liu, Kim Kyung, Hoon, I'm, Sakura Murakami, John Geddie, Jacqueline Wong, Michael Perry Organizations: Reuters, Global Times, IAEA, Atomic Energy Agency, REUTERS, Thomson Locations: TOKYO, China, China's, Argentina, Australia, Canada, France, Marshall Islands, South Korea, Russia, Britain, U.S, Vietnam, Tokyo, Japan, Hoon Beijing, Korea

☆ Opinion | Ron DeSantis Thinks Power Corrupts … Everyone Else
▼ + stars: | 2023-06-11 | by ( Ezra Klein | ) www.nytimes.com time to read: +2 min

“For years, the default conservative position has been to limit government and then get out of the way,” DeSantis writes. And DeSantis is trying to show, in vignette after vignette, that he has both the will and the discipline to do what Trump did not. Trump often appears in DeSantis’s book as a faintly comic figure. As Lozada observes, this is DeSantis criticizing Trump by proxy — Dr. Fauci served under Trump, and DeSantis is making clear he would have never let that stand. And so DeSantis delights in describing the methodical, relentless effort he put in to bending the state of Florida to his will.

Persons: ” DeSantis, ”, Carlos Lozada, Trump, Hurricane Michael, “, Mick Mulvaney, DeSantis, Fauci, Lozada Organizations: Facebook, Disney, Hurricane, Panhandle, Trump Locations: Mar, Trump, Florida

☆ Biden signed the debt ceiling bill, marking the end to tense negotiations that brought the country to the brink of default
▼ + stars: | 2023-06-03 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

President Joe Biden signed the debt ceiling bill into law Saturday afternoon. The White House negotiated with Members of Congress for weeks before the bill finally passed on Thursday. Eventually, the White House began weeks of intense negotiations with House Speaker Kevin McCarthy, R-Calif., to reach a deal. The Senate passed the bill quickly by a vote of 63-36 Thursday night, two days before Biden signed it into law. But the White House said the IRS' plans to step up enforcement of tax laws for high-income earners and corporations would continue.

Persons: Joe Biden, —, Biden, Kevin McCarthy, McCarthy Organizations: White, Service, Treasury Department, U.S, Democratic, Republican, Social Security, Senate, AP, Congressional, Internal Revenue Service, Trump, House

☆ Joe Biden used his first Oval Office address to tout the debt ceiling deal and pledge continued bipartisanship
▼ + stars: | 2023-06-03 | by ( Associated Press | Chris Kaye | ) www.businessinsider.com time to read: +6 min

Biden used his first speech to the nation from the Oval Office to celebrate a "crisis averted." "Passing this budget agreement was critical. "Passing this budget agreement was critical. Even as he pledged to continue working with Republicans, Biden also drew contrasts with the opposing party, particularly over raising taxes on the wealthy, something the Democratic president has sought. The Congressional Budget Office estimates it could expand total eligibility for federal food assistance, with the elimination of work requirements for veterans, homeless people and young people leaving foster care.

Persons: Biden, —, Joe Biden, wouldn't, Kevin McCarthy, Biden's, Karine Jean, Pierre, Friday, McCarthy, Donald Trump Organizations: Service, White, Treasury Department, U.S, GOP, Social Security, Republicans, Democratic, Resolute, Congressional, Internal Revenue Service, Trump, House

☆ China's Tencent posts 11% jump in quarterly revenue — the fastest growth in more than a year
▼ + stars: | 2023-05-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Tencent reported an 11% jump in quarterly revenue Wednesday, marking its fastest growth in more than a year, as the company saw a big rebound in payment volumes, ad sales and gaming. Here's how Tencent did in the first quarter, versus Refinitiv consensus estimates:Revenue : 150 billion Chinese yuan ($21.4 billion) vs. 146.09 billion yuan expected, a rise of 11% % year-on-year. : 150 billion Chinese yuan ($21.4 billion) vs. 146.09 billion yuan expected, a rise of 11% Profit attributable to equity holders of the company: 25.8 billion yuan vs. 31 billion yuan expected, a rise of 10% year-on-year. The results mark a strong bounce back to growth for Tencent after a succession of negative and flat quarters. Investors were focusing on whether the reopening of China's economy will give a boost to the country's tech giants, including Tencent.

Five months later, on Nov. 24, the regulator approved the plan for the Quesqui field in the southern state of Tabasco. Interviews with eight sources with direct knowledge of the matter show Hernandez had been pressured by Lopez Obrador's government and Pemex to approve Quesqui and other plans, or resign. According to these people, at least three other senior officials at the regulator were also pressured by officials in government and at the regulator to help approve the plans. One of the officials who the sources said was pressured, the former technical head, Julio Trejo, resigned shortly before the Quesqui plan was approved. Guerrero also reiterated that the Quesqui field "is a strategic project" as defined by the government.

☆ Opinion: Texas judge’s stunning ruling caps extraordinary week
▼ + stars: | 2023-04-09 | by ( ) edition.cnn.com time to read: +17 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Tennessee legislators targeted three members of the state House for joining a gun control protest in the chamber, expelling two young Black men while failing to oust a 60-year-old White woman. (He gave the Biden administration a week to appeal the ruling before it goes into effect. Thus, the week that began with Trump facing a judge in Manhattan ended with a Trump-appointed judge overturning more than two decades of medical practice. “They go far too fast to be safe on the sidewalk” and aren’t right for bike lanes or roads either.

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