A US FCC commissioner urges Apple, Google to boot TikTok from app stores

WASHINGTON / NEW YORK, June 29 (Reuters) – A Republican member of the Federal Communications Commission has urged the chief executives of Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) Google to kick Chinese-owned TikTok out of its app stores. Brendan Carr, the FCC commissioner, said in a letter to the CEOs, dated June 24 and … Read more

US Supreme Court expands state power over Native American tribes

WASHINGTON, June 29 (Reuters) – The U.S. Supreme Court on Wednesday dramatically increased the power of states over Native American tribes and undercut its own 2020 ruling that had expanded tribal authority in Oklahoma, handing a victory to Republican officials in that state. In a 5-4 decision authored by conservative Justice Brett Kavanaugh, the court … Read more

US FDA advisers recommend change to COVID vaccine composition for fall

June 28 (Reuters) – Advisers to the US Food and Drug Administration on Tuesday recommended a change in the design of COVID-19 booster shots this fall in order to combat more recently circulating variants of the coronavirus. The FDA’s Vaccines and Related Biological Products Advisory Committee voted 19-2 that the next wave of COVID booster … Read more

Explainer: How a massive options trade by a JP Morgan fund can move markets

NEW YORK, June 28 (Reuters) – A nearly $ 17 billion JP Morgan fund is expected to reset its options positions on Thursday, potentially adding to equity volatility at the end of a dismal first half for stocks. Analysts say the JPMorgan Hedged Equity Fund’s reset roiled markets in the closing hours of the last … Read more

US Supreme Court allows Louisiana electoral map faulted for racial bias

WASHINGTON, June 28 (Reuters) – The Supreme Court on Tuesday reinstated a Republican-drawn map of Louisiana’s six U.S. House of Representatives districts that had been blocked by a judge who found that it likely discriminates against Black voters, a setback for Democrats as they try to retain control of Congress in November’s elections. The justices … Read more

Abortions can resume in Texas after judge blocks pre-Roe v. Wade ban

June 28 (Reuters) – Abortions can resume in Texas after a judge on Tuesday blocked officials from enforcing a nearly century-old ban the state’s Republican attorney general said was back in effect after the U.S. Supreme Court overturned the constitutional right to the nationwide procedure. The temporary restraining order by Judge Christine Weems in Harris … Read more

Buffett’s Berkshire buys more Occidental shares, raises stake to about 16.4%

June 28 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Monday it has purchased another 794,389 shares of Occidental Petroleum Corp (OXY.N), giving the conglomerate a nearly 16.4% stake in the Houston, Texas-based oil company. The purchases were made in multiple transactions and cost about $ 44 million, Berkshire said in a regulatory … Read more

US Supreme Court takes aim at separation of church and state

WASHINGTON, June 28 (Reuters) – The conservative-majority US Supreme Court has chipped away at the wall separating church and state in a series of new rulings, eroding American legal traditions intended to prevent government officials from promoting any particular faith. In three decisions in the past eight weeks, the court has ruled against government officials … Read more

US Supreme Court endorses football coaches’ on-field prayers

Conservative justices power 6-3 decision; liberals dissent Coach’s rights to free speech, religious expression cited Critics decry “assault on church-state separation” WASHINGTON, June 27 (Reuters) – The US Supreme Court, in the latest in a spate of decisions expanding religious liberty, ruled on Monday that a Washington state public school district violated the rights of … Read more

US Supreme Court sides with doctors challenging opioid convictions

June 27 (Reuters) – The US Supreme Court on Monday gave two doctors found guilty of misusing their licenses in the midst of the US opioid epidemic to write thousands of prescriptions for addictive pain medications another chance to challenge their convictions. The justices ruled 9-0 in favor of Xiulu Ruan and Shakeel Kahn, who … Read more