MTPIX

US bans sales of Juul e-cigarettes, company to seek stay on enforcement

US bans sales of Juul e-cigarettes, company to seek stay on enforcement

June 23 (Reuters) – Sales of Juul e-cigarettes were blocked by the US Food and Drug Administration on Thursday, in a major blow to the once high-flying firm whose products have been tied to a surge in teenage vaping. The agency said the applications “lacked sufficient evidence” to show that sale of the products would …

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EXCLUSIVE Nike to make full exit from Russia

EXCLUSIVE Nike to make full exit from Russia

PARIS/COPENHAGEN/LONDON, June 23 (Reuters) – Nike (NKE.N) is making a full exit from Russia three months after suspending its operations there, the US sportswear maker told Reuters on Thursday, as the pace of Western companies leaving the country accelerates. Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated …

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Biden administration leans on Tesla for guidance in renewable fuel policy reform

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – US President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden …

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Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

SHANGHAI, June 20 (Reuters) – Tesla (TSLA.O) cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership conclave, for at least two months starting on July 1, a local traffic police official told Reuters on Monday. The decision by the Beidaihe authorities comes just weeks …

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EXCLUSIVE Disney/Pixar's 'Lightyear,' with same-sex couple, will not play in 14 countries;  China in question

EXCLUSIVE Disney/Pixar’s ‘Lightyear,’ with same-sex couple, will not play in 14 countries; China in question

LOS ANGELES, June 13 (Reuters) – Walt Disney Co (DIS.N) has been unable to obtain permission to show its new Pixar movie “Lightyear” in 14 Middle Eastern and Asian countries, a source said on Monday, and the animated film appeared unlikely to open in China, the world’s largest movie market. A “Lightyear” producer told Reuters …

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US agency upgrades Tesla Autopilot safety probe, step before possible recall

US agency upgrades Tesla Autopilot safety probe, step before possible recall

WASHINGTON, June 9 (Reuters) – The National Highway Traffic Safety Administration (NHTSA) on Thursday said it was upgrading its probe into 830,000 Tesla (TSLA.O) vehicles with its advanced driver assistance system Autopilot, a required step before it could seek a recall. The auto safety agency in August opened a preliminary evaluation to assess the performance …

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ECB signals rates lift-off, eyes bigger move in September

ECB signals rates lift-off, eyes bigger move in September

Promises 25 bps July rate hike Says will hike again in Sept and bigger move possible Inflation rising, broadening Lagarde press conference at 1230 GMT FRANKFURT/AMSTERDAM, June 9 (Reuters) – The European Central Bank ended a long-running stimulus scheme on Thursday and said it would deliver next month its first interest rate hike since 2011, …

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Freeport LNG plant blast adds to strain on global supplies

Freeport LNG plant blast adds to strain on global supplies

HOUSTON, June 9 (Reuters) – Freeport LNG, operator of one of the largest US export plants producing liquefied natural gas (LNG), will shut for at least three weeks following an explosion at its Texas Gulf Coast facility, raising the risk of shortages especially in Europe. Freeport LNG, which provides around 20% of US LNG processing, …

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Credit Suisse shares spike on reported State Street takeover interest

Credit Suisse shares spike on reported State Street takeover interest

MILAN, June 8 (Reuters) – Shares in Credit Suisse (CSGN.S) turned sharply higher on Wednesday afternoon, with traders citing an Inside Paradeplatz report that US-based State Street (STT.N) is planning a takeover bid for the troubled lender, though some in the industry doubt the claim. Credit Suisse shares ended up 3.8% in Zurich after jumping …

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