Reuters US Business

By Hannah Lang WASHINGTON (Reuters) – The cryptocurrency industry was on track to hit a new record for federal lobbying spending, after a year in which firms scrambled to repair their reputations and advance friendly legislation, according to data provided to Reuters by nonprofit research group OpenSecrets. Crypto companies spent $18.96 million in the first …

US crypto industry lobby spending on track for new record in 2023 Read More »

By David Thomas (Reuters) – U.S. law firm Orrick, Herrington & Sutcliffe on Tuesday said it has hired the ex-head of startup banking at Silicon Valley Bank, which was a top lender to tech startups before it collapsed earlier this year, as a managing director of its technology company and fund relationships. The former executive, …

Ex-Silicon Valley Bank startup banking chief joins law firm Orrick Read More »

By David French (Reuters) -Allete Inc, a U.S. power utility and renewable energy developer that has a market value of about $5.2 billion, including debt, is exploring a sale of the company, people familiar with the matter said on Tuesday. Allete is working with JPMorgan Chase & Co on a sale process that has attracted …

Exclusive-US power utility Allete explores sale, sources say Read More »

WASHINGTON (Reuters) – Boeing delivered 46 narrowbody 737s in November, sources told Reuters on Tuesday. Last month’s total brings Boeing’s single-aisle deliveries up to 351 units for the year so far, leaving the U.S. planemaker about 25 planes away from making its revised target for at least 375-400 737 deliveries this year. Last month’s 737 …

Boeing delivered 46 narrowbody 737s in November – sources Read More »

By Patrick Wingrove and Manas Mishra (Reuters) -Eli Lilly on Tuesday said its recently approved obesity treatment Zepbound is now available in U.S. pharmacies and could cost $550 a month for customers whose health insurance does not cover the drug, or half the list price. Zepbound is the latest entrant to the fast-growing market for …

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(Reuters) – Russia’s Soviet-era Moskvich car entered the country’s list of top 10 best-selling brands for the first time in November, data from Russian analytical agency Autostat showed on Tuesday. November sales of new passenger cars in Russia increased by 113% year on year to 109,706 vehicles, Autostat said, citing data from its partner PPK. …

Revived Moskvich car brand breaks into Russia’s top 10 Read More »