By Valerie VolcoviciWASHINGTON (Reuters) - The U.S. Army Corps of Engineers on Wednesday granted Enbridge (NYSE:ENB)’s proposed tunnel for its Line 5 pipeline national energy emergency status, fast-tracking a key federal permitting process.President Donald Trump had ordered the Army Corps to issue permits enabling the filling of wetlands and dredging or building in waterways as part of the Janua ...
By Emma-Victoria FarrFRANKFURT (Reuters) -U.S.-based private equity firm KKR has reached a deal with Frankfurt-listed Datagroup to buy the firm in an all-cash transaction that values it at about 450 million euros ($508 million), the IT services provider said on Tuesday. Under the terms of the agreement - the latest in a flurry of acquisitions by the U.S. company - KKR will pay 54 euros for each Da ...
By Arsheeya Bajwa and Aditya Soni(Reuters) -Global chip stocks were battered on Wednesday on fresh evidence of how U.S. President Donald Trump’s shifting trade policy was complicating the outlook for semiconductor and computing giants, including AI pioneer Nvidia (NASDAQ:NVDA) and its rival AMD.Attempts to reorient global trade through tariffs and export curbs have started to show the effect as ...
By Deena Beasley(Reuters) -U.S. tariffs on pharmaceuticals could eventually mean higher prices for brand-name medicines, but in the near term the costs would likely be absorbed by drugmakers rather than patients whose payments are often set by health insurance.U.S. health insurers, which pay the bulk of prescription drug costs, act as a buffer between drugmakers and patients, with beneficiaries su ...