Business

Supreme Court rejects appeals from drug manufacturers over Medicare price negotiations

Monday, May 18 by SRN News

WASHINGTON (AP) - The Supreme Court on Monday rejected appeals from pharmaceutical companies that object to negotiating Medicare drug prices with the federal government. The justices did not comment in leaving in place rulings from the federal appeals court in Philadelphia that dismissed the drug... Read More.

NextEra, Dominion want to create a massive power company as AI drives energy demand in the US

Monday, May 18 by SRN News

NextEra Energy is seeking to acquire Dominion Energy in an all-stock deal valued at about $67 billion, creating a massive power company as the energy needs of artificial intelligence drive demand higher in the U.S. It is one of the biggest proposed mergers so... Read More.

Judge allows gun and notebook as evidence at Mangione’s trial in UnitedHealthcare CEO’s killing

Monday, May 18 by SRN News

NEW YORK (AP) - A gun and notebook that prosecutors say link Luigi Mangione to the killing of UnitedHealthcare CEO Brian Thompson can be used as evidence at his murder trial, a judge ruled Monday, rejecting a defense argument that they were seized illegally,... Read More.

Riders navigate the first weekday of a strike that has shut down the largest US commuter rail system

Monday, May 18 by SRN News

NEW YORK (AP) - Commuters in New York City's suburbs navigated a gauntlet of car, bus and subway routes to get to work Monday after a strike on the Long Island Rail Road that shut down the nation's busiest commuter rail system entered its... Read More.

Prince William’s Duchy of Cornwall to sell 20% of property portfolio to fund housing, green projects

Monday, May 18 by SRN News

LONDON (AP) - Prince William's Duchy of Cornwall plans to sell about 20% of its 1 billion pound ($1.3 billion) property portfolio over the next decade to consolidate its holdings and finance plans to build thousands of homes, expand renewable energy production and pursue... Read More.

Commerzbank formally rejects UniCredit takeover offer

Monday, May 18 by SRN News

By Tom Sims and Alexander Hübner FRANKFURT, May 18 (Reuters) - Commerzbank on Monday formally rejected an offer by Italy's UniCredit to buy the German lender, digging in its heels in its months-long resistance to the cross-border takeover attempt. UniCredit has become Commerzbank's largest shareholder... Read More.

Exclusive-Compass plans lithium market return with EnergyX in Utah’s Great Salt Lake

Monday, May 18 by SRN News

By Ernest Scheyder May 18 (Reuters) - Compass Minerals plans to return to the lithium market by partnering with technology startup EnergyX to extract the mineral from Utah's Great Salt Lake, a move that comes as prices for the battery metal rise alongside the broader... Read More.

NextEra Energy to buy Dominion in $66.8 billion US power deal amid AI boom

Monday, May 18 by SRN News

May 18 (Reuters) - NextEra Energy will buy Dominion Energy in a $66.8 billion deal, the companies said on Monday, in one of the largest acquisitions in the U.S. power industry as utilities chase surging electricity demand from AI-driven data centers. The deal adds to... Read More.

Pop star Shakira is acquitted in a Spanish tax fraud case

Monday, May 18 by SRN News

MADRID (AP) - A Spanish court acquitted Shakira in a tax fraud case, ordering the government to return more than 55 million euros ($64 million) in wrongly imposed fines, a court document seen Monday by The Associated Press said. The decision follows years of... Read More.

Wall Street futures slip as higher yields, oil prices weigh

Monday, May 18 by SRN News

By Ragini Mathur and Utkarsh Hathi May 18 (Reuters) - U.S. stock index futures edged lower on Monday as rising Treasury yields and oil prices weighed, while investors awaited key earnings from Nvidia and Walmart later in the week. The benchmark 10-year Treasury... Read More.

Current Weather

Supreme Court rejects appeals from drug manufacturers over Medicare price negotiations

NextEra, Dominion want to create a massive power company as AI drives energy demand in the US

Judge allows gun and notebook as evidence at Mangione’s trial in UnitedHealthcare CEO’s killing

Riders navigate the first weekday of a strike that has shut down the largest US commuter rail system

Prince William’s Duchy of Cornwall to sell 20% of property portfolio to fund housing, green projects

Commerzbank formally rejects UniCredit takeover offer

Exclusive-Compass plans lithium market return with EnergyX in Utah’s Great Salt Lake

NextEra Energy to buy Dominion in $66.8 billion US power deal amid AI boom

Pop star Shakira is acquitted in a Spanish tax fraud case

Wall Street futures slip as higher yields, oil prices weigh

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