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…
(Reuters) – Nippon Steel will not import steel to the U.S. from its international mills, the Japanese company’s Executive Vice President Takahiro Mori said on Monday in a letter to United Steelworkers union members. Nippon is looking to close its $14.9 billion deal for U.S. Steel by the end of the year before President-elect Donald Trump, who has pledged to block the deal during his campaign, enters the White House in January. In its effort … Read more…
BERLIN (Reuters) – A German court said on Monday that Facebook users whose data was illegally obtained in 2018 and 2019 were eligible for compensation. The Federal Court of Justice (BGH) ruled that the loss of control over one’s data online was grounds for damages without having to prove specific financial losses. Thousands of Facebook users in Germany are demanding compensation from parent company Meta for insufficient protection of their data after unknown third parties … 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…
(Reuters) -Donald Trump’s social media company is in advanced talks to buy crypto trading firm Bakkt, the Financial Times reported on Monday, citing two people with knowledge of the talks. Trump Media and Technology Group, which operates Truth Social, is close to an all-stock acquisition of Bakkt, the report said. Shares of Bakkt, backed by NYSE-owner Intercontinental Exchange, soared nearly 66% in late afternoon trading, before being halted for volatility. Trump Media, Bakkt and Intercontinental … Read more…
NEW YORK (Reuters) – Bristol Myers Squibb was hit on Thursday with a $6.7 billion lawsuit claiming it cheated former Celgene shareholders by delaying federal approval for three drugs, 1-1/2 months after a federal judge abruptly dismissed an earlier version of the case. The lawsuit accused Bristol Myers of depriving holders of “contingent value rights” (CVR) an extra $9 per share in cash by dragging its heels in seeking approval of the drugs, including the … Read more…
WASHINGTON (Reuters) – U.S. President-elect Donald Trump said on Friday his nominee for interior secretary, North Dakota Governor Doug Burgum, will chair a new National Energy Council, which will oversee efforts to boost energy production. “This Council will oversee the path to U.S. ENERGY DOMINANCE by cutting red tape, enhancing private sector investments across all sectors of the Economy, and by focusing on INNOVATION over longstanding, but totally unnecessary, regulation,” Trump said in a statement. … Read more…
By Sinéad Carew (Reuters) – Shares in Palantir Technologies Inc were up more than 6% on Friday, hitting a record high, after it announced late on Thursday that it would list on the Nasdaq and expects eligibility to join the Nasdaq 100 index. The data analytics software company said it would switch its stock listing from the New York Stock Exchange and begin trading on Nasdaq on Nov. 26. If it is included in the … Read more…