Town Hall News

(Fixes punctuation in paragraph 12) By Omar Younis and Jonathan Allen MEMPHIS, Tennessee (Reuters) -Local government officials in Memphis, Tennessee, voted on Wednesday to return the second of two Democratic state lawmakers who were expelled last week for protesting gun violence on the chamber floor. In a rare rebuke last week, Republicans who control the state House of Representatives voted to kick out Justin Jones and Justin Pearson, two Black […]

By Jonathan Stempel (Reuters) – A federal appeals court on Wednesday said Louisiana can enforce a state law forbidding companies from using meat-like terms when selling plant-based food, reversing a lower court ruling in a case brought by the maker of Tofurky. In a 3-0 decision, the 5th U.S. Circuit Court of Appeals in New Orleans said the state’s Truth in Labeling of Food Products Act did not infringe Tofurky’s […]

(Reuters) -Former U.S. President Donald Trump is suing his former lawyer Michael Cohen for more than $500 million, according to a filing in federal court in Florida on Wednesday. The lawsuit comes after Cohen, once Trump’s loyal “fixer,” testified before a Manhattan grand jury that later indicted Trump on 34 felony counts of falsifying business records, marking the first time in U.S. history that a former president has been charged […]

(Reuters) – New vehicles’ average transaction price fell below the manufacturer’s suggested retail price (MSRP) for the first time in 20 months, according to data published by automotive research company Kelley Blue Book. Vehicle prices turned hot after a pandemic-driven supply chain snag and an increased demand for private cars. The average transaction price of a new vehicle in the U.S. declined 1.1% in March to $48,008 from February’s $48,558. […]

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose 2% on Wednesday as cooling U.S. inflation data spurred hopes that the Federal Reserve is getting closer to ending its cycle of interest-rate hikes and cushioned the impact of a small build in U.S. crude oil stocks. Brent crude settled up $1.72, or 2.01%, at $87.33 a barrel while U.S. West Texas Intermediate closed up $1.73, or 2.1%, to $83.26. Prices rose […]

By Omar Younis and Jonathan Allen MEMPHIS, Tennessee (Reuters) -Local government officials in Memphis, Tennessee, voted on Wednesday to return the second of two Democratic state lawmakers who were expelled last week for protesting gun violence on the chamber floor. In a rare rebuke last week, Republicans who control the state House of Representatives voted to kick out Justin Jones and Justin Pearson, two Black men who had recently joined […]

By Blake Brittain (Reuters) – Belgian biopharmaceutical company UCB on Wednesday lost its U.S. court appeal seeking to revive a patent covering its Parkinson’s disease drug Neupro, clearing an obstacle for Teva’s Actavis Laboratories UT Inc and Viatris’ Mylan Technologies Inc to sell generic versions of the drug. The U.S. Court of Appeals for the Federal Circuit agreed with a Delaware federal court that UCB’s patent on Neupro patches was […]

(Reuters) – The U.S. government recorded a $378-billion budget deficit in March as outlays outpaced revenues, the Treasury Department said on Wednesday. That compared to a budget deficit of $193 billion in the same month last year, according to the Treasury’s monthly budget statement. Analysts polled by Reuters had forecast a $302 billion deficit for the month. The March deficit brought the year-to-date fiscal deficit to $1.1 trillion, up 65% […]

By Howard Schneider WASHINGTON (Reuters) – Several Federal Reserve officials at the U.S. central bank’s policy meeting last month considered pausing interest rate increases until it was clear the failure of two regional banks would not cause wider financial stress, but even they ultimately concluded high inflation remained the priority. “Several participants … considered whether it would be appropriate to hold the target range steady at the meeting” to assess […]