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By Patrick Wingrove (Reuters) -The U.S. Food and Drug Administration is asking some of its recently fired staff responsible for critically important funding negotiations with drugmakers to return, three sources close to the matter said. The staff being asked back are involved with renewing programs under which drugmakers provide user fees that pay for the …

Exclusive-US FDA asks some fired pharma user fee negotiation staff to return Read More »

By Mike Stone WASHINGTON (Reuters) – The U.S. State Department has approved the potential sale of F-16 training and sustainment, along with related equipment, to Ukraine for $310 million, the Pentagon said on Friday. Days before the deal, Ukraine and the U.S. signed a deal heavily promoted by U.S. President Donald Trump, to give the …

US State Dept OKs possible sale of F-16 training, sustainment for Ukraine Read More »

By Andrea Shalal, James Oliphant and Bo Erickson WASHINGTON (Reuters) – U.S. President Donald Trump’s administration on Friday proposed a $163 billion cut to the federal budget that would sharply reduce spending on education, housing and medical research next year, while increasing outlays for defense and border security. The administration said the proposed budget would …

Trump proposes $163 billion cut to US budget that slashes domestic spending Read More »

By Sheila Dang HOUSTON (Reuters) – Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in the current quarter, reflecting the shaky economic outlook faced by Big Oil.  The company’s share repurchases this year could be between $11.5 billion and $13 billion, said Chevron …

Chevron meets Wall Street profit estimates but cuts buybacks in Q2 Read More »

(Reuters) -The Trump administration will revise a Biden-era rule that required the oil and gas industry to provide nearly $7 billion in new financial assurances to cover the cost of decommissioning old infrastructure, the Interior Department said on Friday. In a statement, the agency said it would develop a new regulation, but did not give …

US will revise Biden-era offshore oil and gas bonding rule Read More »