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Trump plans financial restrictions on late, overbudget defense contractors, sources say
Reuters· 2025-12-17 00:22
Core Insights - The Trump administration is preparing an executive order aimed at restricting dividends, stock buybacks, and executive compensation for defense contractors that exceed budget and experience delays [1] Group 1: Executive Order Implications - The proposed executive order targets defense contractors that are over-budget and delayed, indicating a shift in accountability measures within the defense industry [1] - The order is expected to impose limitations on financial practices such as dividends and buybacks, which could impact the financial strategies of affected companies [1] - Executive pay will also be scrutinized, suggesting a potential change in how compensation is structured for top executives in the defense sector [1]
Oil up 1.5% as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
Reuters· 2025-12-17 00:19
Core Point - U.S. crude futures increased by over 1% following President Trump's directive for a complete blockade of all sanctioned oil tankers associated with Venezuela [1] Group 1 - The U.S. government has implemented a total blockade on oil tankers entering and leaving Venezuela, which is expected to impact crude oil supply dynamics [1] - The blockade is part of broader sanctions aimed at restricting Venezuela's oil exports, which are crucial for its economy [1]
Trump expected to sign executive order to fast-track reclassification of cannabis, NBC News reports
Reuters· 2025-12-17 00:16
U.S. President Donald Trump is expected to sign an executive order as soon as this week that would fast-track the reclassification of cannabis, NBC News reported on Tuesday, citing four people with di... ...
California regulator allows Tesla to continue sales in state for now
Reuters· 2025-12-17 00:08
Core Viewpoint - A California regulator has permitted Tesla to continue selling vehicles in the state amid allegations of false marketing and exaggeration of self-driving capabilities [1] Group 1 - The California regulator's decision allows Tesla to maintain its sales operations in the state for the time being [1] - The case involves accusations against Tesla regarding misleading claims about its self-driving technology [1]
US Air Force to buy two more 747-8s for presidential fleet support
Reuters· 2025-12-17 00:01
Core Insights - The U.S. Air Force is acquiring two Boeing 747-8 jumbo jets for a total cost of $400 million [1] Group 1: Acquisition Details - The acquisition is aimed at establishing a training and sustainment program for the future presidential airlift fleet [1]
Brazil urges regulator to consider terminating Enel's power contract in Sao Paulo
Reuters· 2025-12-16 23:25
Brazilian Mines and Energy Minister Alexandre Silveira said on Tuesday the government would urge power regulator Aneel to start the process of terminating a contract with the local unit of Italian pow... ...
US FDA approves GSK's twice-yearly asthma drug
Reuters· 2025-12-16 23:10
The U.S. Food and Drug Administration has approved GSK's add-on drug to treat asthma and a chronic inflammatory sinus condition, the drugmaker said on Tuesday, paving the way for a less frequently dosed treatment option for patients to enter the market. ...
Petrobras enters Brazil solar energy segment in deal for 49.99% of Lightsource bp subsidiaries
Reuters· 2025-12-16 23:04
Core Insights - Petrobras, Brazil's state-run oil company, has signed a deal to acquire 49.99% of Lightsource bp's subsidiaries in Brazil [1] Company Summary - Petrobras is expanding its portfolio by acquiring a significant stake in Lightsource bp's subsidiaries, indicating a strategic move towards renewable energy [1] - The acquisition reflects Petrobras's commitment to diversifying its energy sources and investing in sustainable projects [1] Industry Summary - The deal highlights the growing trend of traditional oil companies investing in renewable energy sectors, aligning with global shifts towards sustainability [1] - This acquisition may enhance competition in the renewable energy market in Brazil, as more players enter the space [1]
Waymo discusses raising billions at over $100 billion valuation, the Information reports
Reuters· 2025-12-16 22:57
Alphabet unit Waymo is in talks with potential investors to raise money at a valuation of at least $100 billion, the Information reported on Tuesday, citing people familiar with the ride-hailing servi... ...
Broadcaster E.W. Scripps rejects Sinclair's $622 million takeover bid
Reuters· 2025-12-16 22:55
U.S. broadcaster E.W. Scripps' board on Tuesday unanimously rejected Sinclair's $622 million acquisition proposal, saying it was not in the best interests of the company and its shareholders. ...