Financial Wealth Daily

US withdraws from key UN human rights report, draws criticism from rights advocates

By Andrew R.C. Marshall and Olivia Le Poidevin LONDON/GENEVA (Reuters) -The United States will not participate in a U.N. review of its human rights record, officials said, a move that rights advocates called a worrying retreat from Washington’s global engagement on rights and justice issues. The Universal Periodic Review (UPR) expects all 193 U.N. member…

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White House fires member of railroad-regulating Surface Transportation Board

By Trevor Hunnicutt and David Shepardson WASHINGTON (Reuters) -The White House said on Thursday it has fired Surface Transportation Board member Robert Primus, as the U.S. rail regulator considers the proposed $85-billion merger of Union Pacific and Norfolk Southern. The ouster is the latest in a series of dismissals by President Donald Trump’s administration from…

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Trump administration’s land conservation projects in limbo

By Bo Erickson WASHINGTON (Reuters) -Federal land conservation projects around southern Idaho’s rivers and lakes, famous for rainbow trout and smallmouth bass, are in limbo along with dozens of conservation projects nationwide, according to advocates, who worry they may not be completed by President Donald Trump’s administration this year. The delays — caused by the…

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Elon Musk’s xAI sues Apple and OpenAI over AI competition, App Store rankings

By Mike Scarcella (Reuters) -Billionaire entrepreneur Elon Musk’s artificial intelligence startup xAI sued Apple and ChatGPT maker OpenAI in U.S. federal court in Texas on Monday, accusing them of illegally conspiring to thwart competition for artificial intelligence. Apple and OpenAI have “locked up markets to maintain their monopolies and prevent innovators like X and xAI…

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Intel warns US stake could hurt international sales, future grants

By David Shepardson and Arsheeya Bajwa WASHINGTON (Reuters) -Intel said on Monday that the U.S. government’s 9.9% stake in the chipmaker could pose risks to its business, from potentially harming international sales to limiting its ability to secure future government grants. The company laid out new risk factors in a securities filing after the government decided…

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Kraft, other companies beat test lawsuit over ultra-processed foods

By Diana Novak Jones (Reuters) -Kraft, Mondelez, Coca-Cola, and several other major food companies have beaten a lawsuit accusing them of designing “ultra-processed” foods to be addictive to children, causing chronic disease. U.S. District Judge Mia Perez in Philadelphia granted the companies’ motion to dismiss on Monday after finding that the plaintiff in the case,…

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P&G selling China-made luxury ‘bumbum’ brand diapers as market share falters

By Jessica DiNapoli NEW YORK (Reuters) -Procter & Gamble is selling luxury aloe-infused “bumbum” brand diapers made in China at retailer Target as its top-selling Pampers and Luvs brands lose ground to a growing number of imported rivals touting similar features. The move is unusual for the Cincinnati-based consumer products maker, the biggest globally, because…

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