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Biden admin near deal to preserve preventive care coverage, for now

Biden admin near deal to preserve preventive care coverage, for now

Jun 9, 2023 | Business, Economy, Health, Politics, Top News, US

By Brendan Pierson (Reuters) – A mandate that U.S. health insurers cover preventive care like cancer screenings and HIV-preventing medication at no extra cost to patients could remain in place while the Biden administration appeals a court order striking it...
US House Republicans unveil broad package of tax cuts

US House Republicans unveil broad package of tax cuts

Jun 9, 2023 | Economy, Politics, Top News, US

By Richard Cowan WASHINGTON (Reuters) -Republicans in the U.S. House of Representatives on Friday unveiled a series of new tax breaks aimed at businesses and families while proposing to reverse some of President Joe Biden’s legislative victories, including...
GameStop shares plummet after fifth CEO exit in 5 years

GameStop shares plummet after fifth CEO exit in 5 years

Jun 8, 2023 | Business, Economy, Technology, US

By Akash Sriram (Reuters) -GameStop fell about 19% on Thursday and was set for its worst session in two years after the surprise exit of a CEO handpicked to lead its online expansion fanned concerns about the videogame retailer’s ailing business. The ousting of...
Just Climate raises $1.5 billion with help from Microsoft fund

Just Climate raises $1.5 billion with help from Microsoft fund

Jun 8, 2023 | Business, Economy, Environment

LONDON (Reuters) – Asset manager Just Climate said on Thursday it had raised $1.5 billion for its inaugural fund after strong demand from institutional clients including Microsoft’s Climate Innovation Fund helped it beat the original target of $1 billion....
US bond giant PIMCO sees chance to expand lending after banking turmoil

US bond giant PIMCO sees chance to expand lending after banking turmoil

Jun 6, 2023 | Business, Economy, US

By Davide Barbuscia NEW YORK (Reuters) – PIMCO said on Tuesday that this year’s banking turmoil has created opportunities for the U.S. bond giant to expand in areas which were previously the domain of regional banks. After three of the largest bank...
US bank stocks rebound, regional banking index hits near 7-week high

US bank stocks rebound, regional banking index hits near 7-week high

Jun 6, 2023 | Business, Economy, US

By Manya Saini (Reuters) -Shares of U.S. banks regained some footing on Tuesday, with one of the top regional banking indexes hitting its highest in nearly seven weeks, as investors shrugged off reports of tighter capital requirements for banks. The tenuous relief...
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