By Ron Bousso and Robert Harvey LONDON -U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday. “We’re not going to see anybody in ‘drill, baby, drill’ mode,” Liam Mallon, head of Exxon’s upstream…
(Reuters) – Officials from Mexico, Canada and China warned U.S. President-elect Donald Trump’s threat of imposing hefty tariffs on goods from the three largest U.S. trading partners would harm the economies of all involved and would risk aggravating inflation and damaging job markets. In their initial round of responses to Trump’s surprise announcement on Monday…
By Jarrett Renshaw (Reuters) – Donald Trump’s transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, according to two sources familiar with…
By Jonathan Stempel (Reuters) -Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, has made further preparations for giving away his fortune after his death. Buffett, 94, plans to donate 99.5% of his remaining wealth, valued on Friday at $149.7 billion according to Forbes magazine, to a charitable trust overseen by his daughter and…
(Reuters) – The U.S. Centers for Disease Control and Prevention (CDC) said on Friday it has confirmed a human infection with H5N1 bird flu in a child in California. CDC said this is the first reported bird flu H5 virus infection in a child in the United States. Consistent with previously identified human cases in the…
By Michelle Conlin NEW YORK (Reuters) – Nick Pickles, the former head of global affairs at Elon Musk’s social media platform X, is joining forces with one of Musk’s rivals, his fellow OpenAI co-founder Sam Altman. Pickles, who resigned from X in September, told Reuters on Wednesday that he will serve as chief policy officer…
By Jack Queen (Reuters) – Donald Trump’s lawyers told a judge that the Republican’s conviction for illegally covering up hush money payments to a porn star should be dismissed because he won the U.S. presidential election and sentencing would threaten government stability. In a letter filed on Tuesday and made public Wednesday, the Republican president-elect’s…
(Reuters) – Elon Musk’s government efficiency panel said in a Wall Street Journal opinion story on Wednesday that they will apply recent Supreme Court rulings that can be used to take power away from federal agencies to reduce rules the panel finds unnecessary, costly and inefficient. Musk, the billionaire CEO of Tesla and SpaceX, and…
By Joey Roulette (Reuters) – Elon Musk’s SpaceX is set on Tuesday to launch the sixth test of its giant Starship rocket from Texas, eyeing improvements in its hypersonic reentry into Earth’s atmosphere and a novel technique for landing its booster, as U.S. President-elect Donald Trump watches in person. Trump is expected to be joined…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden pledged a $4 billion U.S. contribution to the World Bank’s International Development Association fund for the world’s poorest countries, two sources with knowledge of the commitment said on Monday. Biden announced the U.S. pledge during a closed session of the Group of…
