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By Daniel Wiessner (Reuters) -A union that represents 150,000 U.S. government employees filed a lawsuit on Monday seeking to block President Donald Trump from stripping hundreds of thousands of federal workers of the ability to collectively bargain with government agencies through their unions. The National Treasury Employees Union said in the lawsuit filed in Washington, …

Union sues to block Trump from ending collective bargaining for many federal workers Read More »

By Manas Mishra (Reuters) -Shares of U.S. drugmakers fell on Monday after reports that the Food and Drug Administration’s top vaccine official, Peter Marks, had been forced to resign, the most high-profile exit at the regulator as the Trump administration undertakes an overhaul of federal health agencies. The pharma and biotech sector has been under …

Drugmakers sink after key FDA official ousted as Trump plans health overhaul Read More »

By Ernest Scheyder and Jarrett Renshaw (Reuters) – The White House is weighing an executive order that would fast-track permitting for deep-sea mining in international waters and let mining companies bypass a United Nations-backed review process, according to two sources with direct knowledge of the deliberations. If signed, the order would mark U.S. President Donald …

Exclusive-White House weighs executive order to fast-track deep-sea mining, sources say Read More »

(Reuters) – U.S. President Donald Trump has commuted Ozy Media founder Carlos Watson’s nearly 10-year prison sentence for defrauding investors in his now-defunct startup, the White House said on Friday. Watson, a former cable news anchor and investment banker, was found guilty last year of lying to investors about the news and entertainment company’s finances …

Trump commutes Ozy Media founder Watson’s nearly 10-year sentence Read More »

NEW YORK (Reuters) – The U.S. Securities and Exchange Commission and Elon Musk have proposed a date for which the billionaire will respond to the lawsuit the regulator filed against him in January, according to a joint motion filed on Monday. The SEC sued Musk six days before Republican Donald Trump became U.S. president and …

US SEC, Musk agree to timeline for billionaire to respond to lawsuit, filing says Read More »

By Joey Roulette WASHINGTON (Reuters) – The U.S. Federal Aviation Administration on Monday said it closed out a review into SpaceX’s explosive Starship test flight in January, while another investigation into the rocket’s subsequent testing explosion in March remains open. SpaceX’s last two test flights of Starship, a 400-foot-tall (122-meter-tall) rocket system at the center …

US FAA closes one of two SpaceX Starship probes as rocket remains grounded Read More »

(Reuters) -Rocket Companies said on Monday it would buy home loan service provider Mr Cooper Group for $9.4 billion, boosting its mortgages business in its second big deal this month to take advantage of a rebound in U.S. housing demand. Better home inventory and recent declines in long-term bond yields are bringing back potential buyers …

Rocket Companies to buy Mr Cooper Group for $9.4 billion in mega US real-estate deal Read More »

By David Shepardson WASHINGTON (Reuters) -United Airlines said on Monday that the Federal Aviation Administration has approved its first Starlink-equipped aircraft type and that the first commercial flight is planned for May. United said the FAA issued a Supplemental Type Certificate for the Embraer 175 and the airline expects the first commercial flight to be onboard …

United receives FAA approval for first Starlink-equipped planes Read More »

PARIS (Reuters) -The head of Safran said on Monday the French aerospace and defence group was ready to invest in increased production of defence equipment as long as the mounting appetite for increased European defence capacity led to tangible orders. “We are ready to invest,” CEO Olivier Andries told a French Senate committee hearing. He …

France’s Safran says defence investment depends on orders Read More »