(Reuters) -A House of Representatives panel this week will consider sweeping changes to the nation’s oil and gas drilling programs, including requiring dozens of lease sales in the Gulf of Mexico and Alaska, that could be passed in an impending budget bill. WHY IT MATTERS The proposal is designed to bolster President Donald Trump’s goal …
House committee proposes changes to boost US oil, coal on federal lands Read More »
By Christy Santhosh (Reuters) -Vertex Pharmaceuticals missed Wall Street estimates for quarterly results on Monday due to lower-than-expected sales of its cystic fibrosis (CF) drug Trikafta, sending shares down 2.5% after the bell. However, the drugmaker raised the lower end of its revenue forecast, expecting its newer CF drugs and its acute pain drug Journavx …
Vertex misses quarterly results on weaker-than-expected sales for cystic fibrosis drug Read More »
(Reuters) -A Credit Suisse unit on Monday pleaded guilty to U.S. charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more than $510 million, the U.S. Department of Justice said on Monday. Credit Suisse Services AG pleaded guilty and was sentenced on Monday for conspiring to hide more than $4 billion …
Credit Suisse to pay $511 million as part of agreement with US DOJ in tax case Read More »
By Mike Scarcella (Reuters) – Apple on Monday lodged an appeal to challenge a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition. Apple in a court notice said it will ask the San Francisco-based 9th U.S. Circuit Court of Appeals to review the April 30 …
Apple will appeal contempt ruling in Epic Games case over App Store Read More »
(Reuters) -Williams Companies said on Monday CEO Alan Armstrong will step down after more than 14 years at the helm of the U.S. pipeline operator. Armstrong, who joined Williams nearly 40 years ago, would be succeeded by insider Chad Zamarin, effective July 1. Zamarin, who joined the company in 2017, is currently the executive vice …
Williams CEO Alan Armstrong to step down after 14 years at the helm Read More »
(Reuters) – U.S. shale producer Coterra Energy reported a rise in first-quarter profit on Monday but said it would lower its annual capital expenditure budget due to macroeconomic uncertainty. The U.S. energy sector is bracing for the potential fallout from President Donald Trump’s sweeping tariffs and an intense trade war with China — factors that …
Shale producer Coterra Energy reports higher quarterly profit, cuts spending target Read More »
By Laura Matthews and Chris Prentice NEW YORK (Reuters) – The U.S. Commodity Futures Trading Commission on Monday moved to drop its appeal of a court decision that allowed New York derivatives trading platform KalshiEX LLC to list contracts Americans can use to bet on election outcomes. The CFTC asked to allow it to voluntarily …
CFTC moves to drop appeal in Kalshi’s event contracts case Read More »
By Timothy Gardner and Nichola Groom WASHINGTON (Reuters) -Environmental groups on Monday slammed comments by the head of the U.S.-owned Tennessee Valley Authority suggesting the utility’s four coal-fired power plants could continue to operate after a planned shutdown in 2035. TVA’s CEO Don Moul said last week that the utility was evaluating executive orders signed …
By Arsheeya Bajwa (Reuters) -Palantir Technologies raised its annual sales forecast on Monday, although its inline profit and a modest revenue beat disappointed investors who were expecting more from the AI-focused data and analytics firm, driving its shares down 8% in extended trading. The stock has been one of the biggest gainers of a rally …
Palantir raises annual revenue forecast on AI demand but investors unimpressed Read More »
WASHINGTON (Reuters) -The U.S. Federal Trade Commission and the Department of Justice are seeking to identify anticompetitive government regulations, the administration said on Monday. The FTC and DOJ directed the heads of federal agencies to compile a list of those that they deem “reduce competition, entrepreneurship, and innovation” as part of the administration’s efforts to …
Trump administration seeks to ID anticompetitive regulations Read More »
