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☆ White House: Still Work to Do on Israel-Saudi Normalization
▼ + stars: | 2023-09-07 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

By Nandita BoseABOARD AIR FORCE ONE (Reuters) - White House national security adviser Jake Sullivan said on Thursday that U.S., Israeli and Saudi leaders have put many of the elements of a pathway to normalization on the table but there is still much work to do. Sullivan spoke to reporters aboard Air Force One as President Joe Biden flew to India to attend a G20 summit. "Many of the elements of a pathway to normalization are now on the table. There is still work to do," Sullivan said. Biden envoy Brett McGurk was in Saudi Arabia for talks this week that officials said was largely about the Yemen war but was also expected to include discussions on the potential normalization deal.

Persons: Nandita Bose, Jake Sullivan, Sullivan, Joe Biden, Donald Trump, Biden, Brett McGurk, Steve Holland, Sandra Maler, Jonathan Oatis Organizations: AIR FORCE, White House, Saudi, Air Force, United, United Arab Emirates, CNN, Biden Locations: India, Israel, Saudi Arabia, Morocco, Sudan, Bahrain, United Arab, U.S, Saudi, United States, Yemen

Biden's Labor Day prediction that the union would not strike against Detroit's automakers ahead of a Sept. 14 contract deadline was soundly rejected by UAW President Shawn Fain. White House Press Secretary Karine Jean-Pierre said Biden's comments about the UAW over Labor Day was him being "an optimistic person." The White House has tried to play a role in several recent large-scale union contract negotiations involving rail workers and West Coast port workers. Trump won Michigan in 2016, helping propel him to the White House; Biden beat him by 154,000 votes in Michigan in 2020. Around half a million more threatened strikes in the first half of 2023, estimates from national labor unions show.

Persons: Joe Biden's, Biden, Biden's, Shawn Fain, Fain, Karine Jean, Pierre, Kate Bronfenbrenner, Donald Trump, Trump, Joe Biden, Joshua Roberts, Harley Shaiken, Shaiken, Nandita Bose, David Shepardson, Joseph White, Heather Timmons, Deepa Babington Organizations: UAW, Biden's Labor, Detroit's, House Press, Labor, General Motors, Ford, carmakers, Anderson Economic, Cornell University's School of Industry & Labor Relations, White House, Wednesday, Workers, Republican, Michigan, State Labor, Metal Workers, Local, REUTERS, University of California, Bureau of Labor Statistics, EV, White, Energy Department, Teamsters, UPS, House, Thomson Locations: Detroit, America, Pennsylvania, Michigan, West Coast, Philadelphia , Pennsylvania, U.S, Berkeley, Michigan , Ohio , Indiana , Illinois, Belvidere , Illinois, Washington

☆ Abortion rights center stage in Democrats’ 2024 US election campaign
▼ + stars: | 2023-09-01 | by ( Nandita Bose | ) www.reuters.com time to read: +5 min

[1/2] Abortion rights demonstrators rally to mark the first anniversary of the U.S. Supreme Court ruling in the Dobbs v Women's Health Organization case, overturning the landmark Roe v Wade abortion decision, in Washington, U.S., June 24, 2023. It is part of a larger push by women's, reproductive rights and Democratic groups to put abortion rights at the heart of the 2024 campaign and attack anti-abortion measures on local ballots around the country. Midterm exit polls showed that a bump in young voters, and especially women, helped Democrats, and women voters swinging from Trump helped deliver the White House to Biden in 2020. No Dem Left Behind, a political action committee, started training activists this week to reach across the aisle on abortion rights. Ronna McDaniel, chairwoman of the Republican National Committee (RNC), told Fox News she was happy to see Republican candidates discussing abortion ahead of the 2024 election.

Persons: Wade, Evelyn Hockstein, Joe Biden's, Donald Trump, Roe, Ron DeSantis, Biden, Hassan Martini, ”, Nikki Haley, Haley, Haley's, Jennifer Holdsworth, Ronna McDaniel, we’re, Nandita Bose, Andrea Shalal, Heather Timmons, Josie Kao Organizations: U.S, Supreme, Women's Health Organization, REUTERS, Rights, White, Republican, Democratic, Biden, Democratic National Committee, Trump, Republicans, Christian, Reuters, Former South Carolina, Democrat, U.S . Senate, Republican National Committee, Fox News, RNC, Democrats, Thomson Locations: Dobbs, Washington , U.S, Florida, Ohio , Kansas, Kentucky, U.S, Washington

☆ Abortion rights at heart of Democrats’ 2024 US election campaign
▼ + stars: | 2023-09-01 | by ( Nandita Bose | ) www.reuters.com time to read: +5 min

It is part of a larger push by women's, reproductive rights and Democratic groups to put abortion rights at the heart of the 2024 campaign and attack anti-abortion measures on local ballots around the country. Biden campaign officials, the Democratic National Committee and rights groups told Reuters that abortion rights stopped an expected "red wave" Republican takeover of the Senate in 2022, and they believe it will draw more Democrats and some independent and Republican voters to Biden in 2024. No Dem Left Behind, a political action committee, started training activists this week to reach across the aisle on abortion rights. Americans' support for abortion rights is nuanced, however. Ronna McDaniel, chairwoman of the Republican National Committee, told Fox News she was happy to see Republican candidates discussing abortion ahead of the 2024 election.

Persons: Wade, Evelyn Hockstein, Joe Biden's, Donald Trump, Roe, Ron DeSantis, Biden, Hassan Martini, ”, Nikki Haley, Haley, Jennifer Holdsworth, Ronna McDaniel, we’re, Nandita Bose, Andrea Shalal, Heather Timmons, Josie Kao Organizations: U.S, Supreme, Women's Health Organization, REUTERS, Rights, White, Republican, Democratic, Biden, Democratic National Committee, Trump, Republicans, Christian, Reuters, Former South Carolina, Democrat, U.S . Senate, Republican National Committee, Fox News, Democrats, Thomson Locations: Dobbs, Washington , U.S, Florida, Ohio , Kansas, Kentucky, U.S, Washington

☆ India's twin growth engines face turbulent weather
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, Sept 1 (Reuters Breakingviews) - India’s gross domestic product grew 7.8% in the April to June quarter, its fastest pace in a year. The print preserves the South Asian nation’s title for the fastest-growing major economy, yet the eye-popping level may not sustain. A patchy monsoon and high food costs threaten the twin engines behind the latest headline figure. Meanwhile, El Nino weather conditions mean the winter agriculture crop could be as weak as the summer yield, keeping prices high for longer. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Narendra Modi’s, Modi, Shritama Bose, Pernod Ricard, Una Galani, Thomas Shum Organizations: Reuters, Tata Consultancy Services, Reserve Bank, India’s, X, Microsoft, Thomson Locations: MUMBAI, El Nino

PERRY, Florida, Aug 31 (Reuters) - Cleanup and recovery from Hurricane Idalia began on Thursday along Florida's Gulf Coast, where property damage, loss of life and power disruptions paled in comparison to the last major hurricane that struck the state nearly a year ago. "The bad news type calls we were accustomed to during Ian, those were not happening during this storm," DeSantis said at a late-afternoon news conference on Wednesday. Florida Highway Patrol reported that two motorists had died in separate rain-related crashes early Wednesday before Idalia made landfall. Reuters Graphics[1/3]A vehicle is seen in a canal after the arrival of Hurricane Idalia in Horseshoe Beach, Florida, U.S., August 30, 2023. The same region, featuring a marshy coast and threaded with freshwater springs and rivers, was devastated by a major hurricane in 1896.

Persons: Hurricane Idalia, Idalia, Ron DeSantis, Perry, Ian, DeSantis, Cheney Orr, Jared Perdue, Casey DeSantis, Maria Alejandra Cardona, Marco Bello, Joey Roulette, Rich McKay, Brendan O'Brien, Brad Brooks, Kanishka Singh, Jeff Mason, Nandita Bose, Steve Gorman, Michael Perry Organizations: Hurricane, National Guard, UBS, Florida Highway Patrol, Reuters, REUTERS, HIT, state's Transportation Department, Reuters Graphics Reuters, National Hurricane Center, NHC, Thomson Locations: PERRY, Florida, Gulf Coast, Keaton, Florida's Big Bend, Taylor, Hernando counties, St . Petersburg, Georgia, Horseshoe Beach , Florida, U.S, Florida's, Big Bend, Gulf, Gainesville, Tallahassee, Bend, Hillsborough County, Tampa, Gulf of Mexico, Cuba, South Carolina, North Carolina, Steinhatchee , Florida, Cedar Key , Florida, Tampa , Florida, Atlanta, Chicago, Longmont , Colorado, Washington

STEINHATCHEE, Florida, Aug 30 (Reuters) - Florida's Gulf Coast braced on Wednesday for fierce winds, torrential rain and surging seawater from Idalia, forecast to become "an extremely dangerous" Category 4 hurricane, as it swirled toward a direct hit on the state's Big Bend region. Most of Florida's 21 million residents, and many in the adjacent states of Georgia and South Carolina, were under hurricane warnings and other storm-related advisories. Any storm reaching Category 3 or higher is considered a major hurricane. 1 killer in all of these storms is water," Deanne Criswell, the Federal Emergency Management Agency's administrator, said on CNN. Idalia-related disruptions extended to Florida's Atlantic coast at Cape Canaveral, where the Tuesday launch of a rocket carrying a U.S. Space Force intelligence satellite was delayed indefinitely.

Persons: Kevin Guthrie, Rene Hoffman, Idalia, Steve Pizzano, Adrees Latif, Biden, Ron DeSantis, Irma, Michael, Ian, DeSantis, Milton Bontrager, Maria Alejandra Cardona, Marco Bello, Joey Roulette, Rich McKay, Nelson Acosta, Dave Sherwood, Brad Brooks, Brendan O'Brien, Nandita Bose, Steve Gorman, Gerry Doyle Organizations: Reuters Graphics Reuters, National Hurricane Center, NHC, REUTERS, Federal Emergency Management, CNN, White, Florida, Republican, U.S . Space Force, Tampa International Airport, National Guard, Thomson Locations: STEINHATCHEE, Florida, Idalia, Bend, Gulf of Mexico, Georgia, South Carolina, Steinhatchee , Florida, Miami, Cedar Key , Florida, Gulf Coast, North, Sarasota, Apalachicola Bay ., Clearwater Beach , Florida, U.S, Gulf, Gainesville, Tallahassee, Tampa, St, Petersburg, Cape Canaveral, Cuba, Tampa , Florida, Atlanta, Havana, Guanimar, Longmont , Colorado, Chicago, Washington

☆ US health officials look to move marijuana to lower-risk drug category
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Tom Brenner/Pool/File Photo Acquire Licensing RightsAug 30 (Reuters) - The U.S. Department of Health and Human Services (HHS) has recommended easing restrictions on marijuana, a department spokesperson said on Wednesday, following a review request from the Biden Administration last year. Nearly 40 U.S. states have legalized marijuana use in some form, but it remains completely illegal in some states and at the federal level. The scheduling recommendation for marijuana was provided to the Drug Enforcement Agency (DEA) on Tuesday as part of President Biden's directive to HHS, the spokesperson said. "As part of this process, HHS conducted a scientific and medical evaluation for consideration by DEA. DEA will now initiate its review," a DEA spokesperson said.

Persons: Rachel Levine, Tom Brenner, Biden, Biden's, Karine Jean, Pierre said, Cannabis, George Archos, Sourasis Bose, Mrinalika Roy, Shilpi Majumdar, Shounak Dasgupta, Shailesh Organizations: Department of Health, Human Services, Health, Education, Labor, Capitol, REUTERS, U.S . Department of Health, Drug Enforcement Agency, HHS, DEA, Marijuana, Department of Justice, House Press, Tilray Brands, Cronos, Verano Holdings, Thomson Locations: Washington , U.S, U.S, United States, Canada, North America, Bengaluru

Courtesy PMC Wagner via Telegram via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Aug 29 (Reuters) - The White House on Tuesday came close to declaring that the Kremlin was responsible for the death of Wagner mercenary group chief Yevgeny Prigozhin, who was believed to have been killed in a mysterious plane crash last week. "We all know that the Kremlin has a long history of killing opponents," said White House press secretary Karine Jean-Pierre. Her comment was the closest U.S. statement yet on the possibility that Russian President Vladimir Putin directed the killing of Prigozhin, who had launched a brief mutiny against the Kremlin in June. Prigozhin was killed last week when the plane was he flying in abruptly crashed outside of Moscow. Biden also said it was no surprise that Prigozhin had been killed after opposing Putin.

Persons: Yevgeny Prigozhin, Wagner, Karine Jean, Pierre, Vladimir Putin, Prigozhin, Joe Biden, Biden, Putin, Nandita Bose, Steve Holland, Chris Reese, Sandra Maler Organizations: Wagner, Telegram, REUTERS, Rights, Kremlin, White, U.S, Thomson Locations: Africa, Moscow, United States

☆ Mukesh Ambani’s succession planning is a bonus
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

Mukesh Ambani (R), Chairman and Managing Director of Reliance Industries, poses with (from 2nd R to L) wife Nita Ambani, children Isha Ambani, Anant Ambani, and Akash Ambani before addressing the company's annual general meeting in Mumbai, India July 21, 2017. REUTERS/Shailesh Andrade Acquire Licensing RightsMUMBAI, Aug 29 (Reuters Breakingviews) - The bar for Mukesh Ambani to impress is rising, including on succession. Planning is sensible, yet Reliance shares closed down 1.1%. Here, the top challenge may be getting public shareholders to match the $100 billion valuation the Qataris have set for the shopping unit. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mukesh Ambani, Nita Ambani, Isha Ambani, Anant Ambani, Akash Ambani, Shailesh Andrade, Ambani, Isha, Akash, Anant, That’s, Shritama Bose, Didi, Una Galani, Thomas Shum Organizations: Reliance Industries, REUTERS, Rights, Reuters, Reliance, Reliance Retail, Jio Financial Services, X, White, Thomson Locations: Mumbai, India

WASHINGTON, Aug 29 (Reuters) - The United States on Tuesday announced a new package of military assistance to support Ukraine that includes additional air defense and artillery munitions, mine clearing equipment and medical vehicles. "The United States and our allies and partners will stand united with Ukraine, for as long as it takes," Blinken said. More than $43 billion in U.S. military aid has been provided to Ukraine since Russia's invasion began in February 2022. Both Democrats and Republicans in Congress have backed Ukraine aid, but some far-right Republicans - especially those allied with former President Donald Trump - want to pare back assistance. Reporting by Nandita Bose and Kanishka Singh in Washington; Editing by Andy SullivanOur Standards: The Thomson Reuters Trust Principles.

Persons: Antony Blinken, Blinken, Joe Biden, Donald Trump, pare, Nandita Bose, Kanishka Singh, Andy Sullivan Organizations: High Mobility Artillery, Congress, Republicans, Thomson Locations: United States, Ukraine, Washington

He said that once implemented, the prices on negotiated drugs will decrease for up to 9 million seniors who currently pay as much as $6,497 in out-of-pocket costs per year for these prescriptions. This kicks off the negotiation process for the 10 drugs whose new prices will go into effect in 2026. U.S. laws had prohibited Medicare from negotiating pharmaceutical prices as part of its prescription drug program that began about 20 years ago. CMS Director Dr. Meena Seshamani said Medicare plans to use a review process to make sure insurance companies keep clinically appropriate access to negotiated drugs. Two analysts said they expect the negotiated prices to move beyond Medicare and affect commercial markets for these drugs by 2026, when they come into effect.

Persons: Joe Biden, Jonathan Ernst, Biden, Joe Biden’s, Januvia, Xarelto, Johnson, Boehringer Ingelheim, Eli Lilly's, Jardiance, Mohit Bansal, Entresto, Eli Lilly, Merck, Bristol Myers, Giovanni Caforio, Caforio, enrollees, Meena Seshamani, Stelara, Amgen, Evan Seigerman, Patrick Wingrove, Mike Erman, Manas Mishra, Nandita Bose, Caroline Humer, Bill Berkrot Organizations: Social Security, University of Tampa, REUTERS, U.S, Bristol Myers Squibb, Pfizer, Merck, Co's, Johnson, Novo Nordisk, NYSE Arca Pharmaceutical, U.S . Centers, Medicare, Medicaid Services, Reuters Graphics Wells, Novartis, AstraZeneca, Bristol, J, U.S . Department of Health, Human Services, BMO Capital, Thomson Locations: Tampa , Florida, U.S, Amgen's, Jardiance, Germany, Bengaluru, Washington

☆ India is warming up to a cooling China
▼ + stars: | 2023-08-28 | by ( Shritama Bose | ) www.reuters.com time to read: +4 min

A screening policy that dramatically slowed investments into India looks ripe for some fine-tuning. India appears to be warming up to a larger Chinese presence in its businesses three years since it introduced an approval regime for investments from countries sharing a land border. Modi has made a deepening financial relationship with China dependent on a warming political one. India is “open” to investments from China, the former’s Minister of State for Electronics and Information Technology Rajeev Chandrasekhar told Financial Times in an interview published in July. Shein is set to re-enter India through a partnership with Reliance Retail, The Wall Street Journal reported in May.

Persons: Narendra Modi’s, Xi Jinping, hamstrung, Sajjan, Modi, Narendra Modi, BYD, Technology Rajeev Chandrasekhar, Sajjan Jindal, Una Galani, Thomas Shum Organizations: Reuters, Indian, pharma, Reuters Graphics Reuters, Authorities, Apple, Reliance Industries, Wall Street, SAIC, Motor India, Economic Times, State, Electronics, Technology, Times, India’s, MG Motor India, Reliance Retail, Street, Bloomberg, Thomson Locations: MUMBAI, South Africa, India, New Delhi, China, Johannesburg, Shanghai

☆ How Merve Emre became the hottest — and most reviled — name in literary criticism
▼ + stars: | 2023-08-24 | by ( Anna Silman | ) www.businessinsider.com time to read: +40 min

Last winter, the 37-year-old literary critic and Wesleyan professor Merve Emre stood in front of a microphone in Rachel Comey's Soho boutique. While the others had largely opted to pull boldfaced names from the Review's archives — like a 1985 Gore Vidal piece about Tennessee Williams — Merve Emre would be reading Merve Emre. Emre has penned so many introductions for new anthologies and reissues that one fan joked on Twitter: "every new baby in 2024 comes with an introduction by merve emre." Courtesy of Merve Emre. Over her cocktail, Merve Emre told me what my profile on Merve Emre should be about.

Persons: Merve Emre, Rachel Comey's, Emily Greenhouse, Gore Vidal, Tennessee Williams — Merve Emre, Emre, Diane Williams, who's, Everyone's, Elena Ferrante, Jonathan Franzen, Rachel Cusk, Susan Sontag, Michael Roth, Reading Emre, merve emre, John Guillory, Dorothy Parker, Christopher Hitchens, Jon Fosse, Stephanie LaCava, Batuman, Lawrence, Alison Roman, Frank Gehry, Jason Stanley, someone's, they're, Anna Shechtman, Anne, Maggie Doherty, doesn't, Emre Emre, Roald Dahl's, Matilda, Myers, Briggs, you've, I've, Bain, Chris Bierly, I'd, Amy Lombard, Ferrante, She's, Christian Nakarado, Leo Carey, Jason, Nakarado, hasn't, Emre's, Altan, Emre lasered, Ara Osterweil, McGill, Beyoncé, Osterweil, Al Jazeera, sensitively, Ivy pricks, she's, Michael Berube, He'd, he'd, James Joyce, Simone de Beauvoir, Merve, Sarah Chihaya, —, Mary Butts, Leonora Carrington, Susan Taubes, Taubes, Durga Chew, Christian Lorentzen, Orhan Pamuk, Lena Dunham, Chew, Bose, Yale's, it's, she'd, Taylor Swift, Elif Batuman, Swift, Janet Malcolm, Charlie Kaufman, Roth, we're, What's, Natalie Portman, Mila Kunis, It's, Elizabeth Morache, Rebecca Zisser, David Bergman Organizations: The New York, McGill, Times, New York Magazine, The, Yorker, Wesleyan University, Reading, Twitter, McGill ,, Wesleyan, Ivy League, Yale, Shapiro Center, Creative, NBA, Harvard, Bain & Company, Insider Yale, HBO, Congress, NPR, American Academy of Arts and Sciences, New York, Yahoo, Oxford, Oxford . McGill, University of Oxford, Penn State, Fordham University, Boston, Intelligence Squared, Yale Science, University, Whitney Museum, Netflix Locations: Rachel Comey's Soho, McGill , Oxford, Columbia, Norwegian, New Haven , Connecticut, New Haven, Adana, Turkey, New York, Cambridge, Montreal, United States, chiseling, Turkish

☆ How Merve Emre became the hottest — and most divisive — name in literary criticism
▼ + stars: | 2023-08-24 | by ( Anna Silman | ) www.businessinsider.com time to read: +40 min

☆ Biden says report of Wagner boss Yevgeny Prigozhin's death not surprising
▼ + stars: | 2023-08-23 | by ( Steve Holland | ) www.reuters.com time to read: +2 min

"I don’t know for a fact what happened, but I’m not surprised," Biden told reporters. "There is not much that happens in Russia that Putin is not behind, but I don’t know enough to know the answer." Biden and CIA Director Williams Burns spoke separately last month of the potential danger to Prigozhin, although somewhat in jest. "But all kidding aside...I don't think any of us know for sure what the future of Prigozhin is in Russia." Speaking a week later at the Aspen Security Forum in July, CIA Director William Burns said: "I think Putin is someone who generally thinks that revenge is a dish best served cold ...

Persons: Joe Biden, Fumio Kishida, Yoon Suk, Camp David, Evelyn Hockstein, Yevgeny Prigozhin, Vladimir Putin, Prigozhin, I’m, Biden, Putin, Williams Burns, I’d, Sauli Niinisto, William Burns, Steve Holland, Humeyra Pamuk, Nandita Bose, Costas Pitas, Dan Whitcomb, Cynthia Osterman Organizations: Japanese, South, REUTERS, Reuters, Russia's, CIA, Finland's, Aspen Security Forum, Thomson Locations: Camp, Thurmont , Maryland, U.S, TAHOE , California, Moscow, Russia, Belarus

☆ Trump's universal tariffs would stifle economy, fuel inflation - White House
▼ + stars: | 2023-08-23 | by ( Nandita Bose | ) www.reuters.com time to read: +2 min

A view of the White House in Washington, U.S. January 18, 2021. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsWASHINGTON, Aug 23 (Reuters) - The White House said on Wednesday former President Donald Trump's proposal to impose new tariffs on all foreign imports would hurt America's working families, damage the economy and fuel inflation. Among the ideas they discussed was Trump's plan to enact a universal baseline tariff on virtually all imports to the United States if elected, the report said. "Combining a sweeping tariff tax on the middle class with more trickle-down tax welfare for rich special interests would stifle economic growth and fuel inflation," White House spokesman Andrew Bates said. Trump, Florida Governor Ron DeSantis and former UN Ambassador Nikki Haley have all called for the United States to end permanent normal trade relations with China.

Persons: Jim Bourg, Donald Trump's, America's, Trump, Andrew Bates, Bates, Biden, Xi Jinping, Ron DeSantis, Nikki Haley, Nandita Bose, Shri Navaratnam Organizations: White, REUTERS, Rights, Washington Post, U.S, Reuters, Thomson Locations: Washington , U.S, New Jersey, United States, China, Trump , Florida, Trump, Washington

☆ High food prices put populism on India’s table
▼ + stars: | 2023-08-22 | by ( Shritama Bose | ) www.reuters.com time to read: +4 min

Prices of tomatoes, onions, potatoes, pulses and spices – all the basic ingredients - are soaring as the world’s most populous country heads towards key state polls later this year and national ones soon after. It increases the temptation for Prime Minister Narendra Modi’s ruling Bharatiya Janata Party to indulge in some fiscal populism. Reuters Graphics Reuters GraphicsA surge in food prices drove annual retail inflation to 7.44% in July, the most in 15 months. Elections will be held this year in five of India’s 28 states, including heavyweight constituencies Madhya Pradesh and Rajasthan. India banned the export of non-basmati rice on July 20 to clamp down on rising domestic prices of the grain.

Persons: Narendra Modi’s, Modi, Nirmala Sitharaman, Una Galani, Thomas Shum Organizations: Reuters, Bharatiya Janata Party, Reuters Graphics Reuters, Madhya, Bloomberg, India’s, IDBI, India’s Ministry of Finance, Reserve Bank, Thomson Locations: MUMBAI, Nepal, Madhya Pradesh, Rajasthan, Karnataka, New Delhi, India

☆ DuPont to sell majority stake in $1.8 billion Delrin resins unit
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsAug 21(Reuters) - Industrial materials maker DuPont De Nemours (DD.N) said on Monday it has agreed to sell an 80.1% stake in its Delrin resins unit to private equity firm TJC, formerly known as The Jordan Company, in a deal that values the business at about $1.8 billion. It will also own a 19.9% non-controlling interest in the unit, which the company had been looking to divest since February last year. The company sold most of its mobility and materials business to Celanese (CE.N) for $11 billion last year. However, it also suffered a setback last year as Chinese regulatory hurdles forced it to scrap the $5.2 billion acquisition of engineering materials maker Rogers (ROG.N). Earlier this year, peers Univar Solutions(UNVR.MX) and Chase Corp(CCF.A) had been taken private by Apollo Global Management and KKR, respectively.

Persons: Denis Balibouse, DuPont De, Ed Breen, Rogers, Sourasis Bose, Pooja Desai Organizations: REUTERS, DuPont, DuPont De Nemours, Jordan Company, ED, Chase Corp, Apollo Global Management, KKR, Thomson Locations: Dupont, Geneva, Switzerland, Celanese, Bengaluru

☆ DuPont to sell majority stake in Delrin resins unit for about $1.6 bln
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

A logo is pictured outside of Dupont offices in Geneva, Switzerland, April 15, 2021. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsAug 21(Reuters) - Chemical maker DuPont De Nemours (DD.N) said on Monday it has agreed to sell 80.1% of its Delrin resins unit to private equity firm TJC, formerly known as The Jordan Company, for about $1.6 billion. It will also own a 19.9% non-controlling interest in the unit, which the company had been looking to divest since February last year. It sold most of its mobility and materials business to Celanese (CE.N) for $11 billion last year. However, it also suffered a setback last year as Chinese regulatory hurdles forced it to scrap the $5.2 billion acquisition of engineering materials maker Rogers (ROG.N).

Persons: Denis Balibouse, DuPont De, Rogers, Sourasis Bose, Pooja Desai Organizations: REUTERS, DuPont, DuPont De Nemours, Jordan, ED, Thomson Locations: Dupont, Geneva, Switzerland, Celanese, Bengaluru

☆ Allegiant extends contract agreement with maintenance staff union by 2 years
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

An Allegiant Air MD-83 passenger jet takes off from the Monterey airport in Monterey, California, February 26, 2012. REUTERS/Michael Fiala/file photo Acquire Licensing RightsAug 17 (Reuters) - Allegiant Travel (ALGT.O) said on Thursday it has ratified a two-year extension of a contract agreement with Teamsters union representing some of its workers. Allegiant Air carrier parent said the agreement provides for significant increases in compensation rates and extends the contract by two years till Oct. 31, 2028 for 683 workers. The employee group includes line and heavy maintenance technicians as well as stores employees and some administrative maintenance staff, the company said. Earlier this week, Southwest Airlines (LUV.N) reached a tentative labor agreement with the union that represents about 17,120 transport workers who handle ramp, operations, provisioning and cargo.

Persons: Michael Fiala, Sourasis Bose, Shinjini Organizations: REUTERS, Teamsters, Allegiant Air, Southwest Airlines, Thomson Locations: Monterey, Monterey , California, Bengaluru

☆ Tesla warns Core Lithium of potential lawsuit over failed deal
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsAug 17 (Reuters) - Core Lithium (CXO.AX) has received a notice from electric-vehicle maker Tesla (TSLA.O) over a 2022 supply agreement that failed to materialize within the set deadline, the Australian miner said. The two companies failed to reach a deal by Oct. 26, 2022, as decided earlier, and now Tesla would take "all available legal remedies" unless the parties mutually resolve the matter, Core lithium said in a presentation on Wednesday. Tesla and Core Lithium did not respond to Reuters' requests for comments. The lithium producer was negotiating with Tesla to supply 110,000 tonnes of spodumene from its Finniss project in Australia's Northern Territory.

Persons: Arnd, Tesla, Elon, Sourasis Bose, Shinjini Organizations: REUTERS, Tesla, General Motors, Ford, Australia's Liontown, Thomson Locations: Bern, Switzerland, Northern Territory, Bengaluru

The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. The DAC technology is in early stages of commercialization and will require multibillion-dollar investments to prove it can work economically and generate profits. President Joe Biden's administration views DAC technology as a tool to help meet a goal of neutralizing emissions by 2050, if it can be commercialized and applied at industrial scale. While carbon capture is applied to emissions produced at industrial facilities, DAC actively removes CO2 from the air. Some of that money will fund Occidental's 30 proposed DAC plants in Kleberg Country, Texas.

Persons: Brendan McDermid, " Roth, Joe Biden's, Vicki Hollub, Sourasis Bose, Shilpi Majumdar, David Gregorio Our Organizations: Occidental Petroleum, New York Stock Exchange, REUTERS, Carbon Engineering Ltd, Occidental, Low Carbon Ventures, U.S . Department of Energy, Congress, Carbon Engineering, Thomson Locations: New York, U.S, Texas, Louisiana, Country , Texas, Occidental, Bengaluru

Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, U.S. July 26, 2023. REUTERS/Kevin WurmAug 12 (Reuters) - The appointment on Friday of a special counsel to investigate Hunter Biden ensures that the criminal probe of the president’s son will cast a long shadow over his father’s reelection campaign. Hunter Biden in July pleaded not guilty to charges of failing to pay more than $100,000 in taxes owed on over $1.5 million in income in 2017 and 2018. Half of Americans believe Hunter Biden received preferential treatment from prosecutors who tried to reach a plea deal, a Reuters/Ipsos poll in June found before the plea deal fell apart. But most Americans said the Hunter Biden plea deal did not affect their likelihood of voting for Biden next year, the poll found.

Persons: Hunter Biden, Joe Biden, Kevin Wurm, David Weiss, Biden, Bill, Clinton, Hillary, Monica Lewinsky, Weiss, Republican Donald Trump, Kevin McCarthy, Hunter, Jarrett Renshaw, Nandita Bose, Cynthia Osterman Organizations: REUTERS, Delaware U.S, Republican, Reuters, Biden, Thomson Locations: Wilmington , Delaware, U.S, Delaware, Ukraine, China

Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, U.S. July 26, 2023. REUTERS/Kevin WurmAug 12 (Reuters) - The appointment on Friday of a special counsel to investigate Hunter Biden helped ensure that the criminal probe of the president’s son will cast a long shadow over his father’s reelection campaign. Hunter Biden in July pleaded not guilty to charges of failing to pay more than $100,000 in taxes owed on over $1.5 million in income in 2017 and 2018. Half of Americans believe Hunter Biden received preferential treatment from prosecutors who tried to reach a plea deal, a Reuters/Ipsos poll in June found before the plea deal fell apart. But most Americans said the Hunter Biden plea deal did not affect their likelihood of voting for Biden next year, the poll found.

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