US Supreme Court again nixes Bayer challenge to weedkiller suits

US Supreme Court again nixes Bayer challenge to weedkiller suits

WASHINGTON, June 27 (Reuters) – The US Supreme Court on Monday rejected another Bayer AG (BAYGn.DE) bid to dismiss litigation alleging that its Roundup weedkiller causes cancer as the German pharmaceutical and chemical giant tries to avoid potentially billions of dollars in damages . The justices turned away a Bayer appeal and left in place … Read more

Large US law firms mostly quiet on abortion ruling, are walking a ‘tightrope’

Large US law firms mostly quiet on abortion ruling, are walking a 'tightrope'

June 26 (Reuters) – The largest US law firms did not take a public stance following the US Supreme Court’s reversal of Roe v. Wade on Friday, diverging from the approach of some major companies that have made statements on the closely watched abortion case. The high court’s 6-3 Dobbs decision upheld a Republican-backed Mississippi … Read more

Growth stocks drag Nasdaq lower, energy shares bounce

Growth stocks drag Nasdaq lower, energy shares bounce

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register S&P 500 energy stocks among few gainers Robinhood rises on Goldman Sachs upgrade Dow flat, S&P up 0.25%, Nasdaq down 0.34% June 27 … Read more

Factbox: The SEC’s response to the ‘same stock’ rally

Factbox: The SEC's response to the 'same stock' rally

June 24 (Reuters) – A year-and-a-half after a “meme stock” rally roiled Wall Street, the US Securities and Exchange Commission is considering broad changes to curb the frenetic trading of stocks based on social media activity. The proposed overhaul would be the biggest change to Wall Street’s rules since 2005 and would affect nearly every … Read more

US tech industry frets about handing data to states prosecuting abortion

US tech industry frets about handing data to states prosecuting abortion

PALO ALTO, Calif., June 24 (Reuters) – The technology industry is bracing for the uncomfortable possibility of having to hand over pregnancy-related data to law enforcement, in the wake of the US Supreme Court’s decision on Friday to overturn the Roe v . Wade precedent that for decades guaranteed a woman’s constitutional right to an … Read more

US new home sales rebound in May; consumer sentiment at record low

US new home sales rebound in May;  consumer sentiment at record low

Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, US, May 5, 2021. REUTERS/Octavio Jones/File Photo Register now for FREE unlimited access to Reuters.com Register New home sales rebounded 10.7% in May; April data revised up Median house price jumps 15.0% to … Read more

Disney, other US companies offer abortion travel benefit after Roe decision

Disney, other US companies offer abortion travel benefit after Roe decision

NEW YORK, June 24 (Reuters) – US companies including Walt Disney Co (DIS.N) and Facebook parent Meta Platforms Inc (META.O) said on Friday they will cover employees’ expenses if they have to travel for abortion services after the US Supreme Court overturned Roe v Wade. The US Supreme Court on Friday overturned the landmark 1973 … Read more

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 … Read more

Toyota recalls first mass-produced EVs less than 2 months after launch

Toyota recalls first mass-produced EVs less than 2 months after launch

2023 Toyota bZ4X all-electric SUV is displayed during the 2021 LA Auto Show in Los Angeles, California, US November, 17, 2021. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register TOKYO, June 23 (Reuters) – Toyota Motor Corp (7203.T) said on Thursday it would recall 2,700 of its first mass-produced electric vehicles (EVs) … Read more

Wall Street puts floor under stocks, crude steadies

Wall Street puts floor under stocks, crude steadies

US stock index futures turn higher Crude oil recoups losses US Treasury yields remain weaker Fed’s Powell to give second day testimony Copper hits 16-month low as cyclicals hit LONDON, June 23 (Reuters) – Prospects for a firm start on Wall Street helped European shares claw back from a new low for the year on … Read more