AnalysisUS
By Tom Polansek CHICAGO (Reuters) – U.S. farmers want something from President-elect Donald Trump that his trade policies mean he is unlikely to deliver: increased access to the market of top soy-importer China. Trump’s Republican party enjoys wide support across the U.S. farm belt, where he won most states in…
By Hannah Lang (Reuters) – The cryptocurrency industry has spent years clashing with Democratic President Joe Biden’s administration over regulatory issues, but executives expect an easier ride from Washington, regardless of who wins the White House next week. Crypto asset managers including Bitwise and Canary Capital are planning new products…
By Rajesh Kumar Singh CHICAGO (Reuters) – U.S. airlines appear to have rediscovered their mojo, thanks to a sharp reduction in capacity that plagued the market this summer. Airfares have turned higher, and airline stocks are now outperforming the broader market. That improvement was one reason why American Airlines (NASDAQ:)…
By Doyinsola Oladipo NEW YORK (Reuters) – A strike by dockworkers on the U.S. East Coast and Gulf Coast that disrupted much of the nation’s ocean shipping this week ended on Thursday, but a key issue driving labor unrest across the continent – the growing use of automation – was…
By Arathy Somasekhar HOUSTON (Reuters) – Rising oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on Houston contracts, eroding the significance of the Cushing, Oklahoma, storage hub. Since U.S. WTI Midland crude oil transactions joined the dated price assessment a year ago, U.S.…
By Laila Kearney and Timothy Gardner NEW YORK/WASHINGTON (Reuters) – Constellation Energy and Microsoft (NASDAQ:) plan to restart the Three Mile Island nuclear plant, hoping they have scored a quick source of enough climate-friendly energy to power rapidly expanding data centers for artificial intelligence (AI). U.S. power generation capacity through…
By Valerie Volcovici and Kate Abnett (Reuters) – Countries could use next week’s U.N. meetings in New York to resolve big differences over boosting the world’s annual goal for climate finance, but uncertainty over the U.S. election could jeopardize progress ahead of the next U.N. climate summit in November. Negotiators…
By Deena Beasley (Reuters) – The U.S. government’s first-ever negotiated prices for prescription drugs are still on average more than double, and in some cases five times, what drugmakers have agreed to in four other high-income countries, a Reuters review has found. The U.S. Medicare health plan, which covers more…
By Georgina McCartney HOUSTON – A wave of mega-mergers among oil producers is forcing the U.S. service companies that drill and hydraulically fracture wells to slash their prices, merge, or risk bankruptcy as they compete for a dwindling number of customers. U.S. oil producers, also known as operators, announced more…
By Dietrich Knauth NEW YORK (Reuters) – Bankruptcy may become a less attractive way to resolve sprawling lawsuits after a U.S. Supreme Court ruling scuttled OxyContin maker Purdue Pharma’s Chapter 11 settlement and sharply scaled back a court’s ability to wipe away legal claims against entities that have not filed…
