By Simon Lewis and Daphne Psaledakis WASHINGTON (Reuters) – The Biden administration has moved to forgive about $4.7 billion in U.S. loans to Ukraine, State Department spokesperson Matthew Miller said on Wednesday, as outgoing officials seek to do what they can before leaving office to bolster Ukraine in its war against Russia. A funding bill passed by the U.S. Congress in April included just over $9.4 billion of forgivable loans for economic and budgetary support … Read more…

By Niket Nishant, Shivansh Tiwary and Manya Saini (Reuters) – Corporate executives were taking a wait-and-see approach to President-elect Donald Trump’s vow to impose heavy tariffs on imports when he takes office in January, but many have raised concerns about the effect such levies will have on inflation. Numerous major U.S. corporations addressed tariffs at recent investor events and on conference calls, including some after the Nov. 5 election, when Trump edged out sitting Vice … Read more…

By Luc Cohen NEW YORK (Reuters) -Prosecutors who secured Donald Trump’s conviction over a hush money payment to a porn star opposed on Tuesday his stated hope to have the case dismissed now that he is president-elect and asked a judge to set a schedule to litigate the matter. Trump, 78, had been scheduled to be sentenced on Nov. 26, but New York State Supreme Court Justice Juan Merchan last week put all proceedings in … Read more…

Jake Paul and Mike Tyson punched up a record-breaking gate at AT&T Stadium on Saturday with 72,300 fans in attendance leading to $18,117,072 in total revenue, a record for boxing and mixed martial events held outside of Las Vegas. Meanwhile, Netflix saw the fight peak at 65 million concurrent streams, making it the most-streamed global sporting event in history. According to TVision, 56 percent of all television viewing in the United States between midnight and … Read more…

By Joey Roulette (Reuters) – Elon Musk’s SpaceX is set on Tuesday to launch the sixth test of its giant Starship rocket from Texas, eyeing improvements in its hypersonic reentry into Earth’s atmosphere and a novel technique for landing its booster, as U.S. President-elect Donald Trump watches in person. Trump is expected to be joined by his son Donald Jr. and Republican U.S. Senator Ted Cruz at the launch of Starship scheduled for 4 p.m. … Read more…

By Jonathan Stempel (Reuters) – A federal judge reduced a $237.6 million jury award against United Parcel Service to $39.6 million in the case of a Black former driver who accused the package delivery company of workplace bias and wrongful firing. In a decision made public on Friday, U.S. District Judge Thomas Rice in Yakima, Washington, accepted UPS’ request to throw out a $198 million in punitive damages award, finding jurors acted unreasonably in awarding … Read more…