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US FDA to shorten review time for drug developers under new voucher program

(Reuters) -The U.S. FDA is launching a program under which its commissioner can issue vouchers to companies he finds are aligned with national priorities to shorten their review time for a drug application to one to two months from the typical timeline of about 10-12 months. The regulator said on Tuesday that the commissioner would …

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UAW President Fain found to have retaliated against top officer in expenses feud

By Kalea Hall and Nora Eckert DETROIT (Reuters) -The federal monitor overseeing the United Auto Workers union has found that its president, Shawn Fain, retaliated against the union’s secretary-treasurer after disagreements over spending. Secretary-Treasurer Margaret Mock had some of her duties reassigned for her refusal or reluctance to authorize certain expenditures for Fain’s office, New …

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NHL-Florida beat Edmonton in Game 6 to win second straight Stanley Cup

(Reuters) -The Florida Panthers completed their Stanley Cup repeat in style with a 5-1 victory over the Edmonton Oilers in Game 6 on Tuesday as four goals from Sam Reinhart helped them clinch back-to-back championships in front of an ecstatic home crowd in Sunrise. In a rematch of last year’s Finals, the Panthers became the …

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Trump administration moves to expand oil and gas leasing in Alaska reserve

(Reuters) -The Trump administration proposed opening 82% of Alaska’s 23-million-acre (9.3-million-hectare) National Petroleum Reserve for oil and gas leasing, a move that would reverse Biden-era efforts to limit drilling in the area, the Interior Department said on Tuesday. WHY IT’S IMPORTANT The move aligns with President Donald Trump’s energy dominance agenda that aims to boost …

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Immigration raids in Los Angeles hit small business owners: ‘It’s worse than COVID’

By Tim Reid and Kristina Cooke LOS ANGELES (Reuters) -Juan Ibarra stands outside his fruit and vegetable outlet in Los Angeles’ vast fresh produce market, the place in the city center where Hispanic restaurateurs, street vendors and taco truck operators buy supplies every day. On Monday morning, the usually bustling market was largely empty. Since …

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US Senate confirms Republican congressional aide to serve on FCC

By David Shepardson WASHINGTON (Reuters) -The U.S. Senate voted on Tuesday to confirm Republican Senate aide Olivia Trusty to serve on the Federal Communications Commission, days after two members of the telecommunications regulator resigned. Democratic FCC Commissioner Geoffrey Starks and Republican Nathan Simington stepped down on June 6. Trusty was confirmed to serve a term …

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US Homeland Security Secretary Noem hospitalized after allergic reaction

WASHINGTON (Reuters) -U.S. Secretary of Homeland Security Kristi Noem was taken to a hospital on Tuesday after suffering an allergic reaction and was recovering, a spokesperson for the Department of Homeland Security said. “Secretary Noem had an allergic reaction today. She was transported to the hospital out of an abundance of caution. She is alert …

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Senate bill would raise value of tax credit to use captured CO2 to produce more oil

By Valerie Volcovici WASHINGTON (Reuters) -A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil equal to the $85/metric ton tax credit for permanently burying those emissions underground, a boon for oil and gas producers. The finance committee proposed the change to the so-called 45Q tax credit, which was …

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Forecaster says US House version of Trump bill to cost $2.8 trillion despite economic gains

By David Morgan WASHINGTON (Reuters) -President Donald Trump’s sweeping tax-cut and spending bill would lead to a larger-than-expected $2.8 trillion increase in the federal deficit over the decade, despite a boost to U.S. economic output, the nonpartisan Congressional Budget Office projected on Tuesday. The budget watchdog’s dynamic analysis of the legislation, which passed the House …

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US judge blocks Defense Department from slashing federal research funding

By Nate Raymond BOSTON (Reuters) -A federal judge on Tuesday temporarily blocked U.S. President Donald Trump’s administration from carrying out steep cuts to federal research funding provided to universities by the U.S. Department of Defense. U.S. District Judge Brian Murphy in Boston issued a temporary restraining order at the behest of 12 schools including the …

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