By David Shepardson (Reuters) -General Motors will pay a $145.8 million penalty after a U.S. government investigation found excess emissions from approximately 5.9 million GM vehicles, government agencies said on Wednesday. The Environmental Protection Agency said GM has agreed to give up approximately 50 million metric tons in carbon allowances after the multi-year investigation found…
By Nandita Bose WASHINGTON (Reuters) – Vice President Kamala Harris is the top alternative to replace U.S. President Joe Biden if he decides not to continue his reelection campaign, according to seven senior sources at the Biden campaign, the White House and the Democratic National Committee with knowledge of current discussions on the topic. Biden’s…
The U.S. Food and Drug Administration on Tuesday gave a green light to Eli Lilly’s donanemab for patients with early Alzheimer’s, making it the second approved drug for slowing the progress of the brain-wasting disease. The approval for the drug branded Kisunla is in line with the recommendations of the agency’s outside experts who unanimously…
By Milana Vinn (Reuters) – Private equity firm Vista Equity is in talks to cede control of its company Pluralsight to lenders, according to three people familiar with the matter and fund documents reviewed by Reuters. The financial information in the documents sheds light on how Pluralsight is set to become the first major debt…
By Jonathan Stempel NEW YORK (Reuters) – Progressive agreed to pay $48 million to settle a class action lawsuit accusing the insurer of systematically undervaluing the claims of New York drivers whose vehicles were wrecked. A preliminary settlement of the proposed class action was filed on Monday night in federal court in Manhattan, and requires…
(Reuters) – Walmart has held talks with potential buyers to sell its already shuttered medical clinics, Fortune reported on Tuesday, citing multiple sources familiar with the matter. In April, Walmart decided to close all 51 of its health clinics and shut its virtual healthcare operations, saying it could not see them as a sustainable business…
(Reuters) – Paramount Global is holding talks with other media companies about merging its streaming platform with an existing platform, CNBC reported on Monday, citing people familiar with the matter. Warner Bros Discovery is interested in merging its streaming service Max with Paramount+ as a joint venture, the report added. Paramount and Warner Bros. Discovery…
SINTRA, Portugal (Reuters) – The European Central Bank needs more time to conclude that inflation is firmly on a path to 2% and benign economic developments indicate that rate cuts are not urgent, ECB President Christine Lagarde said on Monday. The ECB lowered rates for the first time in June after its most aggressive rate…
By Foo Yun Chee BRUSSELS (Reuters) -Nvidia is set to be charged by the French antitrust regulator for allegedly anti-competitive practices, people with direct knowledge of the matter said, making it the first enforcer to act against the company. The French so-called statement of objections or charge sheet would follow dawn raids in the graphics…
(Reuters) – Shares of Tesla gained nearly 6% on Monday, after a key Wall Street brokerage added the stock to its watch list ahead of the automaker’s quarterly production and delivery report on Tuesday. At $209.38, Tesla could add $36.68 billion to its market value if the price holds, which would mark the fifth straight…
