Tuesday 22 December 2020

U.S. sues Walmart accusing retailer of helping to fuel opioid crisis

U.S. sues Walmart accusing retailer of helping to fuel opioid crisis

WASHINGTON (Reuters) -The U.S. Justice Department sued Walmart Inc on Tuesday, accusing the retailer of fueling the opioid crisis in the United States, ignoring warning signs from its pharmacists and filling thousands of invalid prescriptions.

Two lawmakers urge U.S. to further tighten restrictions on China's SMIC

Two key Republican lawmakers on Tuesday urged the Trump administration to strengthen new rules adopted Friday aimed at preventing China's biggest chipmaker SMIC from getting access to advanced U.S. technology.

Trump signs stopgap funding bill; Congress awaits his approval of $892 billion COVID aid

WASHINGTON (Reuters) -President Donald Trump on Tuesday signed a stopgap measure to fund U.S. agencies for another week while Congress passed a massive COVID-19 aid and government funding package overnight aimed at bolstering the nation's pandemic response and its battered economy.

Biden will seek new COVID-19 relief package next year, 'darkest days' are ahead

U.S. President-elect Joe Biden said his administration will put forward another COVID-19 relief package next year, including a new round of stimulus payments.

Trump's longtime banker at Deutsche Bank resigns

Donald Trump's longtime banker at Deutsche Bank AG will be stepping down from the German lender, with the move coming as the bank looks for ways to cut its relations with the U.S. president.

U.S. FDA warns Amazon's Whole Foods Market for misbranding food products

The U.S. Food and Drug Administration (FDA) said on Tuesday it has issued a warning letter to Amazon.com Inc's Whole Foods Market for not labeling some products for the presence of food allergens, which led to a series of product recalls.

Daimler prepares listing of trucks business -Handelsblatt

German luxury carmaker Daimler is preparing a stock market listing of its trucks division, business newspaper Handelsblatt reported, citing company sources.

Stocks dip as U.S. stimulus underwhelms and coronavirus angst lingers

NEW YORK (Reuters) -Lingering concerns over a new variant of COVID-19 in the United Kingdom weighed on a gauge of global equities on Tuesday and sent the euro, pound and Treasury yields lower.

American Airlines begins return of workers after payroll relief

CHICAGO (Reuters) -American Airlines is beginning the phased return of furloughed workers after the U.S. Congress passed a pandemic aid package with $15 billion in payroll support for airlines, its executives said in a staff memo on Tuesday.

U.S. approves NYSE listing plan to cut out Wall Street middlemen

Companies may go public on the New York Stock Exchange without forking out fat fees to Wall Street banks which typically underwrite such capital raisings, the U.S. securities regulator said on Tuesday.

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