(Reuters) – A U.S. appeals court on Friday ruled that Elon Musk and members of the cost-focused Department of Government Efficiency that he spearheads can make further cuts to the U.S. Agency for International Development while they appeal a lower court order that had barred them from doing so. A three-judge panel of the Virginia-based…
WASHINGTON (Reuters) -Billionaire Elon Musk, who serves as a top adviser to President Donald Trump, will visit the Central Intelligence Agency on Monday to discuss government efficiency with director John Ratcliffe, a spokesperson said on Friday. The CIA has fired a slew of recent hires amid the Trump administration’s massive federal workforce reductions, which are…
By Lewis Jackson and Jenny Su BEIJING (Reuters) -Chinese state media attacked Hong Kong conglomerate CK Hutchison’s plan to sell its ports near the Panama Canal to a BlackRock-led group in a social media post on Saturday that was taken down minutes later. The social media account linked to state broadcaster CCTV said China had…
(Reuters) -The U.S. Food and Drug Administration’s top vaccine official, Peter Marks, has been pushed out, the Wall Street Journal reported on Friday. Marks, who played a key role in U.S. President Donald Trump’s first term in developing COVID-19 vaccines, was given the choice by a Health and Human Services official to resign or be…
TURIN, Italy (Reuters) -Stellantis will buy credits from a “pool” led by Tesla also in 2025, to meet European Union’s CO2 reduction requirements, despite Brussels giving carmakers three years to comply, the group’s Europe head said on Saturday. Carmakers facing tougher EU emissions rules this year agreed to pool their emissions and avoid hefty fines…
(Reuters) – Social media platform X on Friday recovered after a short outage that impacted thousands of users in the U.S., according to outage tracking website Downdetector.com. The disruptions eased around 3:10 p.m. ET, according to Downdetector, which tracks outages by collating status reports from various sources. There were more than 53,000 incidents of people…
By Dawn Chmielewski, Katie Paul and Kane Wu (Reuters) – Private equity firm Blackstone is evaluating taking a small minority investment in TikTok’s U.S. operations, according to two people familiar with the matter. Blackstone is discussing joining ByteDance’s existing non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in a bid for TikTok’s U.S….
WASHINGTON (Reuters) – A group representing General Motors Toyota, Volkswagen and other major automakers warned new 25% tariffs President Donald Trump plans to impose next week on imported vehicles will hurt U.S. consumers. “Additional tariffs will increase costs on American consumers, lower the total number of vehicles sold inside the U.S. and reduce U.S. auto…
(Reuters) – U.S. President Donald Trump has pardoned the three co-founders of cryptocurrency exchange BitMEX, a White House official said on Friday. CNBC was the first to report earlier in the day that on Thursday, Trump granted pardons to Benjamin Delo, Arthur Hayes and Samuel Reed, who had pled guilty to money-laundering charges. The pardons…
WASHINGTON (Reuters) – The Trump administration invited companies to email the Environmental Protection Agency to seek presidential exemptions from nine clean-air regulations, including mercury limits for power plants and limits on hazardous air pollutants in plastic production by March 31, the latest use of rarely used measure aimed at lifting burdens for business. The EPA…
