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Florida’s DeSantis seeks to disqualify judge in Disney case

22 May 2023

WASHINGTON (Reuters) – Lawyers for Florida Governor Ron DeSantis, a Republican mulling a 2024 presidential run, are asking that a federal judge be disqualified from overseeing a dispute between DeSantis and Walt Disney Co, questioning the judge’s impartiality in the case. Lawyers for DeSantis, who is being sued for allegedly targeting Disney for company leadership’s …

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Take Five: More drama on the horizon

22 May 2023

LONDON (Reuters) -There’s no shortage of events, data and high drama for markets in the days ahead. Wrangling over the debt ceiling in Washington continues, Greek voters head to the polls and data from the United States to China and Europe could show just how quickly inflation and economic growth are easing. Here’s a look …

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Biden and McCarthy to meet on Monday as debt ceiling talks resume

22 May 2023

By David Morgan, Jeff Mason and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt ceiling on Monday, after the two leaders held a phone call on Sunday as the president flew back to Washington that both sides described as positive. McCarthy, speaking to …

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Warner Bros Discovery chief booed at Boston University graduation, videos show

22 May 2023

(Reuters) -Warner Bros Discovery Chief Executive David Zaslav was booed by students after taking the stage at Boston University to accept his honorary degree and give the 2023 commencement speech, amid an ongoing strike by film and television writers over pay, videos that surfaced on social media show. The Hollywood Reporter first reported the incident …

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Morgan Stanley CEO succession underscores Wall Street’s diversity gap

21 May 2023

By Ross Kerber and Simon Jessop (Reuters) – The absence of women from the slate of potential Morgan Stanley CEO successors underscores the importance of cultivating and keeping diverse talent, corporate governance experts say. Morgan Stanley co-presidents Ted Pick and Andy Saperstein, and head of investment management Dan Simkowitz, are the front-runners to succeed James …

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Fed’s Kashkari open to holding rates steady in June, WSJ reports

21 May 2023

(Reuters) – Minneapolis Fed President Neel Kashkari said that he could support holding interest rates steady at the central bank’s next meeting in June to give officials more time to assess the effects of past rate increases and the inflation outlook, the Wall Street Journal said on Sunday. “I’m open to the idea that we …

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Yellen says June 1 is ‘hard deadline’ for raising debt ceiling

21 May 2023

By Andrea Shalal and Susan Heavey WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Sunday said June 1 remains a “hard deadline” for raising the federal debt limit, with the odds quite low that the government will collect enough revenue to bridge to June 15, when more tax receipts are due. Yellen, speaking on NBC’s …

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Lawsuit over Trident ‘Original Flavor’ gum is dismissed

20 May 2023

By Jonathan Stempel (Reuters) – A federal judge in Illinois has dismissed a lawsuit accusing Mondelez International Inc of deceiving consumers into believing its Trident “Original Flavor” gum contained real mint. U.S. District Judge Iain Johnston said it was “fanciful” to believe reasonable consumers would expect the gum to contain mint or peppermint because its …

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