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LONDON (Reuters) – Global export restrictions on critical materials have grown more than five-fold over the last decade, the OECD said on Tuesday, potentially impeding governments’ efforts to reduce carbon emissions. About a tenth of the global value of exports of raw materials, such as lithium, cobalt and rare earths, needed for electric vehicles and …

Export restrictions mount on critical materials, says OECD Read More »

By Milana Vinn NEW YORK (Reuters) – Private equity firm KKR & Co Inc has agreed to buy a significant stake in FGS Global in a deal that values the financial communications group at about $1.4 billion. As part of the deal, KKR will buy up a 30% stake from senior employees at FGS Global …

KKR buys stake in communications firm FGS Global Read More »

By Jody Godoy and Bharat Gautam (Reuters) – A U.S. judge on Monday denied Theranos founder Elizabeth Holmes’ request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion. Holmes, who rose to fame after claiming Theranos’ small …

Theranos founder Elizabeth Holmes cannot remain free during appeal, judge rules Read More »

By Michael Erman and Ahmed Aboulenein (Reuters) -Executives from more than 300 biotech and pharmaceutical industry companies, including Pfizer Inc and Biogen Inc, signed an open letter on Monday calling for reversal of a federal judge’s decision to suspend sales of the abortion pill mifepristone. A U.S. judge on Friday suspended the U.S. Food and …

Pfizer, Biogen among hundreds of US drugmakers calling for abortion pill ruling reversal Read More »

By Dietrich Knauth and Mike Spector (Reuters) -Johnson & Johnson’s second attempt to resolve talc lawsuits in bankruptcy should be dismissed as an unprecedented fraud designed to deny plaintiffs just compensation, lawyers representing cancer victims argued in a Monday court filing. The attorneys contend J&J defied a January appeals court rejection of its first attempt …

J&J talc unit 2nd bankruptcy must be dismissed, cancer victims’ lawyers say Read More »

By Nichola Groom (Reuters) – U.S. residential solar installers are bracing for a slowdown this year as California, the sector’s pioneer and biggest market, is days away from slashing a subsidy for panel owners that has underpinned more than a decade of explosive growth. The policy change, years in the making, will reduce the money …

US home solar installers brace for slowdown as California reform looms Read More »

By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge rejected requests to sever JPMorgan Chase & Co’s lawsuit accusing former executive Jes Staley of concealing what he knew about Jeffrey Epstein from two related lawsuits over its work for the late sex offender. Monday’s decision by U.S. District Judge Jed Rakoff in Manhattan is a …

No separate trial for former JPMorgan executive in Epstein case Read More »

By David Shepardson WASHINGTON (Reuters) – The United States Postal Service (USPS) on Monday said it was seeking approval to hike the price of first-class mail stamps to 66 cents from 63 cents. USPS won approval to hike stamp prices to 63 cents from 60 cents in January. The new hike – which the USPS …

U.S. Postal Service seeks to hike stamp prices by 5.4% Read More »

By Tom Polansek CHICAGO (Reuters) -About 150 employees of a Tyson Foods Inc chicken plant in Arkansas went on strike on Monday for better treatment before the company shuts the facility, an organizer said. Tyson plans to close the plant in Van Buren, Arkansas, on May 12, eliminating jobs for 969 non-union employees, as it …

U.S. Tyson Foods workers strike at Arkansas chicken plant set to close Read More »