Tuesday 22 December 2020

U.S. sues Walmart saying pharmacies fueled opioid crisis, retailer rejects allegations

U.S. sues Walmart saying pharmacies fueled opioid crisis, retailer rejects allegations

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

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

WASHINGTON (Reuters) -Companies can raise capital on the New York Stock Exchange through direct listings, without losing gains if their stock pops or forking out fat fees to Wall Street banks, which typically underwrite such capital raisings, the U.S. securities regulator said on Tuesday.

Stocks slide as coronavirus angst lingers, U.S. stimulus underwhelms

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, British pound and U.S. Treasury yields lower.

Musk tweets he reached out to Apple's Tim Cook for acquiring Tesla

Silicon Valley billionaire Elon Musk said on Tuesday he reached out to Apple Inc's Tim Cook "during the darkest days of the Model 3 program" to discuss the possibility of Apple acquiring Tesla Inc for "1/10th of our current value."

U.S. Treasury-led report calls for overhaul of money market funds

U.S. policymakers need to consider major changes to make money market funds less vulnerable to investor runs, a working group led by the Treasury Department said Tuesday, stopping short of making specific recommendations.

S&P 500 ends lower as new COVID storm clouds overshadow stimulus passage

NEW YORK (Reuters) -The S&P 500 lost ground on Tuesday as concerns over a new variant of the coronavirus and disappointing economic data stole the thunder from Washington's passage of a long-awaited pandemic relief bill.

U.S. SEC charges blockchain payments firm Ripple with conducting unregistered securities offering

The U.S. Securities and Exchange Commission (SEC) on Tuesday said it filed an action against Ripple, the blockchain payments company associated with the cryptocurrency XRP, charging it with conducting a $1.3 billion unregistered securities offering.

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.

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