Town Hall News

By Jarrett Renshaw and Timothy Gardner WASHINGTON (Reuters) -The White House on Wednesday called on Congress to pass permitting legislation that would help speed up clean energy and fossil fuel projects as the bipartisan effort gets pulled into a standoff on the debt ceiling. The renewed push on permitting reform comes the day after President Joe Biden met with top Republican and Democratic lawmakers for the first time in three […]

By David Brunnstrom and Michael Martina WASHINGTON (Reuters) – The British son of jailed Hong Kong media tycoon Jimmy Lai and a leading Catholic U.S. congressman criticized Britain and the Vatican on Wednesday for failing to speak out strongly against the crackdown on dissent in the Chinese territory. At a Washington event about the human rights situation in the former British colony, Sebastien Lai said self-censorship in Hong Kong was […]

By Karen Freifeld and Sarah N. Lynch CENTRAL ISLIP, New York (Reuters) -U.S. Representative George Santos on Wednesday vowed to fight charges of fraud, money laundering and theft of public funds in the latest hit to the newly elected Republican, who has resisted calls to resign for lying about his resume. “It’s a witch hunt,” Santos said shortly after appearing in court in Central Islip, New York, to face the […]

By Nichola Groom (Reuters) -The U.S. Department of Homeland Security this week raided a factory and sales office operated by one of the world’s largest solar panel makers, China’s Jinko Solar Holding Co Ltd, the agency said on Wednesday. A spokesperson for the Homeland Security Investigations arm of DHS, Mike Meares, said search warrants were executed in Florida and California on Tuesday as part of an ongoing federal investigation. He […]

By Karen Freifeld and Sarah N. Lynch CENTRAL ISLIP, New York (Reuters) -U.S. Representative George Santos on Wednesday vowed to fight charges of fraud, money laundering and theft of public funds in the latest hit to the newly elected Republican, who has resisted calls to resign for lying about his resume. “It’s a witch hunt,” Santos said shortly after appearing in court in Central Islip, New York, to face the […]

By Carolina Mandl and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq indexes rose on Wednesday, helped by a slightly lower-than-expected increase in April inflation and Alphabet Inc’s latest artificial intelligence rollout. The Labor Department’s Consumer Price Index (CPI) rose 4.9% in April from a year ago, compared with expectations of a 5% increase, raising hopes that the Federal Reserve’s interest rate hiking cycle is close to an […]

By Nell Mackenzie LONDON (Reuters) -Hedge funds cut their exposure to financial stocks in April after buying discounted equities in the market turmoil that followed the March failures of Silicon Valley Bank and Signature bank, according to S&P Global Market Intelligence data. Hedge funds reduced exposure to financial stocks including banks and trading companies by 1%, or $1.3 billion, after an increase of 5.5% in March, the data showed. “Many […]

By Ahmed Aboulenein WASHINGTON (Reuters) – The leaders of major insulin makers and pharmacy benefit managers (PBMs) are set to blame each other on Wednesday in their testimonies during a U.S. Senate committee hearing on making the life-saving drug more affordable. PBMs negotiate with drugmakers for rebates and lower fees on behalf of employers and other clients, and reimburse pharmacies for prescriptions they dispense. Both sides blame each other for […]

By Nichola Groom (Reuters) -The U.S. Department of Homeland Security this week raided a factory and sales office operated by one of the world’s largest solar panel makers, China’s Jinko Solar Holding Co Ltd, the agency said on Wednesday. A spokesperson for the Homeland Security Investigations arm of DHS, Mike Meares, said search warrants were executed in Florida and California on Tuesday as part of an ongoing federal investigation. He […]