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Thu, 20 Jun 2019 17:13:05 -0400
Yahoo News - Latest News & Headlines
The latest news and headlines from Yahoo! News. Get breaking news stories and in-depth coverage with videos and photos. [ + ]
Thu, 20 Jun 2019 17:04:18 -0400
Mother panther, kittens captured on video in south Florida: 'It brings us hope'

Mother panther, kittens captured on video in south Florida: 'It brings us hope'The Florida Wildlife Federation used a trail camera to capture videos of a mother panther and her kittens along Keri Road.


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Thu, 20 Jun 2019 17:02:54 -0400
S&P 500 index closes at record high as stock rally continues

S&P 500 index closes at record high as stock rally continuesWall Street capped a broad rally for stocks Thursday by driving the S&P 500 index to an all-time high. The milestone, which eclipsed the benchmark index's last record close on April 30, underscores a swift rebound for the market in June that has erased the losses from a 6.6% dive in May. The major U.S. stock indexes are up more than 7% so far this month. Thursday's rally came as investors balanced optimism over the possibility that the Federal Reserve will cut interest rates in response to a slowing global economy with jitters about the prospects of dimmer corporate profits should a severe slowdown take hold.


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Thu, 20 Jun 2019 17:00:00 -0400
Why Waymo Just Signed Up With Nissan and Renault

Why Waymo Just Signed Up With Nissan and RenaultThe driverless-car leader is going global.


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Thu, 20 Jun 2019 17:00:00 -0400
2 Stocks That Are Costly Mistakes

2 Stocks That Are Costly MistakesIt looks like nothing good can come from Beyond Meat and GameStop.


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Thu, 20 Jun 2019 17:00:00 -0400
3 Drugs Under FDA Review With Blockbuster Potential

3 Drugs Under FDA Review With Blockbuster PotentialThese follow-on drugs are on a path to upend the current standards of care.


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Thu, 20 Jun 2019 17:00:00 -0400
The New Oracle Looks Like the Old IBM

The New Oracle Looks Like the Old IBMThe tech giant buys another earnings beat as its revenue growth stays sluggish.


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Thu, 20 Jun 2019 17:00:00 -0400
Shopify's Latest Trick: An Order Fulfillment Network

Shopify's Latest Trick: An Order Fulfillment NetworkThe stock makes another big jump as the e-commerce platform enters the shipping wars.


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Thu, 20 Jun 2019 16:57:03 -0400
Roy Moore to Run Again for Alabama Senate Seat Despite Sexual-Misconduct Allegations

Roy Moore to Run Again for Alabama Senate Seat Despite Sexual-Misconduct AllegationsRoy Moore, who was the Republican nominee in 2017's Alabama Senate election but lost after being accused of sexual misconduct, announced Thursday that he will run again in 2020.“Yes, I will run for the United States Senate in 2020,” Moore said. “Can I win? Yes, I can win.”The former chief justice of Alabama's Supreme Court was accused during his 2017 campaign of touching and making sexual advances toward teenage girls, including a 14-year-old, in the 1980s, when he was in his 30s. The judge, who lost the election in deep-red Alabama to Democrat Doug Jones, has called the allegations a “smear campaign.”President Trump, who won 62 percent of the vote in Alabama in 2016 and backed Moore's campaign in 2017, has warned Moore, 72, against another Senate bid."I have NOTHING against Roy Moore, and unlike many other Republican leaders, wanted him to win," Trump wrote on Twitter last month. "Roy Moore cannot win, and the consequences will be devastating."Moore suggested the president was being influenced by the National Republican Senatorial Committee.“I think he’s being pushed by the NRSC. I don’t know what he’s thinking. I can’t speak for him. But I can say I don’t disagree with him in lots of his policies,” Moore said.Moore has a 34 percent approval rating and a 29 percent unfavorable rating among Alabam voters, according to Mason-Dixon Polling and Strategy's April survey.


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Thu, 20 Jun 2019 16:55:27 -0400
Wall Street Is Taking Cues From Silicon Valley to Innovate Fintech

Wall Street Is Taking Cues From Silicon Valley to Innovate FintechWall Street Is Taking Cues From Silicon Valley to Innovate Fintech


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Thu, 20 Jun 2019 16:53:38 -0400
California Governor Pitching a Wildfire Fund to Help Utilities

California Governor Pitching a Wildfire Fund to Help Utilities(Bloomberg) -- California Governor Gavin Newsom is pressing lawmakers on a wildfire fund that may be financed through bonds to help utilities pay for the catastrophic blazes their power lines keep igniting, according to people familiar with the proposal.Newsom is proposing a so-called liquidity fund that could be seeded by at least $10 billion in Department of Water Resources bonds, said the people, who asked not to be named because the discussions are private. The administration may also ask utilities to contribute about $7.5 billion in equity, the people said.The bonds would be backed by a charge that utility customers have been paying since the 2000-2001 energy crisis, they said. The fund is part of a larger plan to address the mounting costs of intensifying wildfires that may be presented as soon as this week and is subject to change, the people said.Newsom has been pressing for lawmakers to act since utility giant PG&E Corp. went bankrupt in January to deal with an estimated $30 billion in wildfire liabilities -- stemming largely from the November Camp Fire that was ignited by one of its power lines. The blaze, the state’s deadliest, killed 85 people and destroyed the Northern California town of Paradise. The governor has called on the legislature to pass a bill by July 12 as ratings companies threaten to downgrade Edison International’s Southern California Edison and Sempra Energy’s San Diego Gas & Electric.Nathan Click, a spokesman for the governor, declined to comment, saying details of the proposal will be released in the coming days.PG&E surged as much as 16%, the most intraday since April 12. Edison was up as much as 2.6%.As part of the larger plan, Newsom is also pressing for regulatory changes that would make it easier for utilities to recover the costs of wildfire damages from their customers. Based on the changes that have been discussed, companies may be allowed to charge ratepayers for their expenses unless they’re proven to have acted imprudently, people with direct knowledge said.Meanwhile, Edison on Thursday warned that it may need to shut service to 6,500 customers across the high desert as gusty winds, hot temperatures and dry conditions raised the risk of wildfires in its territory. PG&E similarly shut power to hundreds of homes and businesses earlier this month to keep its own lines from sparking fires.Former state assembly member Mike Gatto said Newsom has the potential to push the legislation through by mid-July. “I can’t imagine the legislature would want to break for the recess in the height of the summer wildfire season and not solve this issue,” said Gatto, who led the utility committee while in office.It’s possible a second, larger catastrophic wildfire fund that power companies could tap to pay damages to victims may be established, but utilities would have to be willing to contribute to it, they said.PG&E, Edison and Sempra have all supported the idea of a fund, but PG&E has largely blamed a state legal doctrine known as inverse condemnation for its collapse. The doctrine holds power companies liable for claims from fires sparked by their lines, even if they weren’t negligent. A California commission recommended that the doctrine be changed, but Newsom and legislative leaders have signaled that they won’t immediately take up the issue.“The governor has been signaling maybe we should expect a fund instead of changes to inverse condemnation,” said Kit Konolige, a utility analyst with Bloomberg Intelligence.“The idea of having state-backed bonds has been raised as a way to deal with what are hopefully relatively rare and big exposures like the liabilities from the wildfires,” Konolige said.(Adds Edison warning of shutoffs in eighth paragraph.)To contact the reporters on this story: Mark Chediak in San Francisco at mchediak@bloomberg.net;Romy Varghese in San Francisco at rvarghese8@bloomberg.netTo contact the editor responsible for this story: Lynn Doan at ldoan6@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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Thu, 20 Jun 2019 16:52:18 -0400
Grocery Outlet Jumps in Debut After Raising $378 Million

Grocery Outlet Jumps in Debut After Raising $378 Million(Bloomberg) -- Grocery Outlet Holding Corp. rose in its trading debut after raising $378 million in an above-range initial public offering.The discount supermarket chain’s shares, which rose as much as 43% Thursday, closed up 30% to $28.51, valuing the company at $2.44 billion.Grocery Outlet sold 17.2 million shares for $22 each on Wednesday after marketing them for $18 to $19. It had earlier targeted a range of $15 to $17.The Emeryville, California-based company had net income of $15.9 million on revenue of $2.29 billion last year, according to its filings with the U.S. Securities and Exchange Commission.Grocery Outlet has more than 300 stores, which carry a limited amount of deeply discounted and ever-changing products that the company scoops up from brand-name manufacturers with excess inventory. It said in its filings that it sees an opportunity to add about 2,000 more stores in the U.S., and potentially as many as 4,800.“We like adding stores. We like adding products,” Chief Executive Officer Eric Lindberg said in an interview. “We’re really hard-pressed to look across the U.S. and see a town that couldn’t support a Grocery Outlet.”The company said in a statement that it intends to use the IPO proceeds to repay a term loan outstanding under its second-lien credit agreement and any remainder to repay a portion of a term loan under its first-lien credit agreement.The offering was led by Bank of America Corp., Morgan Stanley, Deutsche Bank AG and Jefferies Financial Group Inc. The shares are trading on the Nasdaq Global Select Market under the symbol GO.(Updates with closing share price iin second paragraph)To contact the reporters on this story: Michael Hytha in San Francisco at mhytha@bloomberg.net;Matthew Boyle in New York at mboyle20@bloomberg.netTo contact the editors responsible for this story: Elizabeth Fournier at efournier5@bloomberg.net, ;Anne Riley Moffat at ariley17@bloomberg.net, Michael Hytha, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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Thu, 20 Jun 2019 16:52:02 -0400
Donald Trump vowed to raise pressure on Iran and cripple its economy. Did it backfire?

Donald Trump vowed to raise pressure on Iran and cripple its economy. Did it backfire?Critics of Donald Trump’s Iran strategy say it has created the current crisis but the administration says Tehran will be forced to negotiate.


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Thu, 20 Jun 2019 16:50:33 -0400
When Will Wellness and Beauty Solutions Limited (ASX:WNB) Become Profitable?

When Will Wellness and Beauty Solutions Limited (ASX:WNB) Become Profitable?Wellness and Beauty Solutions Limited's (ASX:WNB): Wellness and Beauty Solutions Limited provides non-invasive and...


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Thu, 20 Jun 2019 16:50:24 -0400
Giant telescope will be built on sacred Native Hawaiian peak

Giant telescope will be built on sacred Native Hawaiian peakAfter years of protests and legal battles, Hawaii officials have announced that a massive telescope which will allow scientists to peer into the most distant reaches of our early universe will be built on a volcano that some consider sacred. Gov. David Ige said Thursday that the state has issued a "notice to proceed" for the Thirty Meter Telescope project. In October, a state Supreme Court's 4-1 ruling upheld the project's permits for the $1.4 billion instrument.


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Thu, 20 Jun 2019 16:47:24 -0400
Work messaging service Slack's value jumps after stock debut

Work messaging service Slack's value jumps after stock debutSlack's debut is the latest in several highly anticipated initial public offerings of stock for tech companies. Shares in Slack debuted on the New York Stock Exchange at $38.50 and rose slightly to close at $38.62. Slack's IPO is using an unusual approach known as a direct listing.


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Thu, 20 Jun 2019 16:45:22 -0400
The 'Vacuum Challenge' is Going Viral, But Experts Say It Can Be Dangerous

The 'Vacuum Challenge' is Going Viral, But Experts Say It Can Be DangerousThe "Vacuum Challenge" is the latest gaining attention online, but experts are warning what can happen to kids trying it.


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Thu, 20 Jun 2019 16:45:00 -0400
Better Buy: iQiyi vs. Alibaba

Better Buy: iQiyi vs. AlibabaThese two Chinese tech stocks have much lower valuations than a year ago. Which one should you buy?


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Thu, 20 Jun 2019 16:44:59 -0400
Costco vs. Walmart Showdown: Here's Who Has the Cheapest Price on 11 Things You Buy All the Time

Costco vs. Walmart Showdown: Here's Who Has the Cheapest Price on 11 Things You Buy All the TimeYou might be surprised by number 9.


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Thu, 20 Jun 2019 16:44:44 -0400
Private Equity Retail `Abuses' Spur Senator to Plan Legislation

Private Equity Retail `Abuses' Spur Senator to Plan Legislation(Bloomberg) -- Wisconsin Senator Tammy Baldwin is adding her voice to a growing list of politicians admonishing private equity’s stewardship of debt-laden retailers. And she says she is trying to do something about it.“There are definitely active discussions” toward legislation that would address the collapse of struggling companies tied to buyout firms, Baldwin said in an interview Thursday following the release of a letter chiding Sun Capital Partners Inc. for its management of bankrupt retailer Shopko Stores Inc. “Legislation will be designed so this doesn’t happen again.”Baldwin is the latest elected official to accuse private-equity firms of loading debt onto struggling retailers while reaping the benefits at workers’ expense. The issue burst into the public sphere last year when Senator Elizabeth Warren helped lobby for the creation of a hardship fund for workers after the collapse of Toys “R” Us Inc., and surfaced again after Sears Holdings Corp. filed for bankruptcy in October.“I am no stranger to taking on powerful sectors of the economy,” Baldwin said of the private-equity industry. “I’m very aware how powerful they are, how many lobbyists they employ. But workers deserve a champion on their side.”Click here to see a copy of Baldwin’s letterShopko -- which filed for bankruptcy in January and is in the process of liquidating -- promised employees severance pay during the company’s wind-down, Baldwin wrote in her letter. “Now, as Shopko’s final stores prepare to close this Sunday, June 23, these workers, many of whom have dedicated decades of their careers to serving Shopko customers, learned that they won’t receive any severance after all.”Worker FundKristi Van Beckum, who worked as a store manager for Shopko in its home state of Wisconsin, is among workers who have organized to demand severance through the group United for Respect.“When they took over our payroll got drastically cut, our retirement plan got cut, and we had high turnover among executives,’’ she said.Shopko workers penned their own severance demands earlier this month.Sun Capital said in a statement that funds it reserved for administrative claims in the court process will be sufficient to cover severance payments for workers laid off after the bankruptcy.“Sun Capital has agreed to contribute $15.5 million to Shopko, which is more than enough to pay severance claims and the $2.7 million claim by the state of Wisconsin,” the statement read, referring to a March court claim from the state’s department of revenue. “This money is being contributed under a chapter 11 plan that provides for paying all administrative and priority claims.”Baldwin asked Sun Capital to establish a fund for unpaid workers and to pay the state of Wisconsin $13.5 million in taxes and penalties.Shopko employed about 15,000 people and operated more than 350 stores at the time it filed for bankruptcy. The company said in March it would liquidate after failing to find a buyer to operate the chain. Another Sun Capital-owned retailer, Gordmans Stores Inc., went bankrupt in 2017 and shuttered.“Sun Capital’s actions and the bankrupting of Shopko are not a surprise to anyone familiar with the abuses of the private equity playbook,” Baldwin wrote. “I will continue to work with my colleagues in the Senate to address the forces in our economy that hollow out Wisconsin companies and communities by putting profits for executives over investment in workers.”(Adds comments from Baldwin starting in second paragraph.)To contact the reporters on this story: Lauren Coleman-Lochner in New York at llochner@bloomberg.net;Eliza Ronalds-Hannon in New York at eronaldshann@bloomberg.netTo contact the editors responsible for this story: Rick Green at rgreen18@bloomberg.net, Boris Korby, Christopher DeRezaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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Thu, 20 Jun 2019 16:44:44 -0400
Private Equity Retail `Abuses' Spur Senator to Plan Legislation

Private Equity Retail `Abuses' Spur Senator to Plan Legislation(Bloomberg) -- Wisconsin Senator Tammy Baldwin is adding her voice to a growing list of politicians admonishing private equity’s stewardship of debt-laden retailers. And she says she is trying to do something about it.“There are definitely active discussions” toward legislation that would address the collapse of struggling companies tied to buyout firms, Baldwin said in an interview Thursday following the release of a letter chiding Sun Capital Partners Inc. for its management of bankrupt retailer Shopko Stores Inc. “Legislation will be designed so this doesn’t happen again.”Baldwin is the latest elected official to accuse private-equity firms of loading debt onto struggling retailers while reaping the benefits at workers’ expense. The issue burst into the public sphere last year when Senator Elizabeth Warren helped lobby for the creation of a hardship fund for workers after the collapse of Toys “R” Us Inc., and surfaced again after Sears Holdings Corp. filed for bankruptcy in October.“I am no stranger to taking on powerful sectors of the economy,” Baldwin said of the private-equity industry. “I’m very aware how powerful they are, how many lobbyists they employ. But workers deserve a champion on their side.”Click here to see a copy of Baldwin’s letterShopko -- which filed for bankruptcy in January and is in the process of liquidating -- promised employees severance pay during the company’s wind-down, Baldwin wrote in her letter. “Now, as Shopko’s final stores prepare to close this Sunday, June 23, these workers, many of whom have dedicated decades of their careers to serving Shopko customers, learned that they won’t receive any severance after all.”Worker FundKristi Van Beckum, who worked as a store manager for Shopko in its home state of Wisconsin, is among workers who have organized to demand severance through the group United for Respect.“When they took over our payroll got drastically cut, our retirement plan got cut, and we had high turnover among executives,’’ she said.Shopko workers penned their own severance demands earlier this month.Sun Capital said in a statement that funds it reserved for administrative claims in the court process will be sufficient to cover severance payments for workers laid off after the bankruptcy.“Sun Capital has agreed to contribute $15.5 million to Shopko, which is more than enough to pay severance claims and the $2.7 million claim by the state of Wisconsin,” the statement read, referring to a March court claim from the state’s department of revenue. “This money is being contributed under a chapter 11 plan that provides for paying all administrative and priority claims.”Baldwin asked Sun Capital to establish a fund for unpaid workers and to pay the state of Wisconsin $13.5 million in taxes and penalties.Shopko employed about 15,000 people and operated more than 350 stores at the time it filed for bankruptcy. The company said in March it would liquidate after failing to find a buyer to operate the chain. Another Sun Capital-owned retailer, Gordmans Stores Inc., went bankrupt in 2017 and shuttered.“Sun Capital’s actions and the bankrupting of Shopko are not a surprise to anyone familiar with the abuses of the private equity playbook,” Baldwin wrote. “I will continue to work with my colleagues in the Senate to address the forces in our economy that hollow out Wisconsin companies and communities by putting profits for executives over investment in workers.”(Adds comments from Baldwin starting in second paragraph.)To contact the reporters on this story: Lauren Coleman-Lochner in New York at llochner@bloomberg.net;Eliza Ronalds-Hannon in New York at eronaldshann@bloomberg.netTo contact the editors responsible for this story: Rick Green at rgreen18@bloomberg.net, Boris Korby, Christopher DeRezaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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Thu, 20 Jun 2019 16:43:45 -0400
Massive data breach at Canada credit union giant Desjardins

Massive data breach at Canada credit union giant DesjardinsCanada's Desjardins credit union announced Thursday that the personal banking information of 2.9 million customers had been stolen by an employee and distributed to outside parties. The nation's largest credit union and fifth-largest in the world, with Can$304 billion (US$230 billion) in assets under its management, had noted unauthorized access to its members' information last December, but it was only confirmed by police last Friday. In a statement it said police confirmed to the credit union that the personal information of 2.9 million members "had been shared with individuals outside the organization.


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Thu, 20 Jun 2019 16:42:36 -0400
Why Carnival, Steelcase, and Scholar Rock Holding Slumped Today

Why Carnival, Steelcase, and Scholar Rock Holding Slumped TodayFind out why these stocks missed the rally.


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Thu, 20 Jun 2019 16:40:29 -0400
Warren: 'I'm open' to decriminalizing sex work

Warren: 'I'm open' to decriminalizing sex workSeveral Democratic presidential candidates have also supported decriminalizing sex work.


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Thu, 20 Jun 2019 16:40:15 -0400
The Latest: Slack up 49% in value after 1st trading day

The Latest: Slack up 49% in value after 1st trading dayThe work messaging service's shares debuted on the New York Stock Exchange at $38.50 and rose slightly to close at $38.62. Slack aims to replace traditional work communication like email with its own messaging platform.


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Thu, 20 Jun 2019 16:40:00 -0400
What Should Investors Know About Viva Energy REIT's (ASX:VVR) Future?

What Should Investors Know About Viva Energy REIT's (ASX:VVR) Future?Viva Energy REIT's (ASX:VVR) most recent earnings announcement in February 2019 showed that the company endured a...


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Thu, 20 Jun 2019 16:39:58 -0400
Ocasio-Cortez on Biden segregationist comments: Booker doesn't need to apologize to Biden

Ocasio-Cortez on Biden segregationist comments: Booker doesn't need to apologize to BidenOcasio-Cortez also warned that voter turnout in the 2020 election could be harmed by Biden's comments.


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Thu, 20 Jun 2019 16:35:11 -0400
US STOCKS SNAPSHOT-S&P hits record closing high as investors bet on Fed rate cut

US STOCKS SNAPSHOT-S&P hits record closing high as investors bet on Fed rate cutJune 20 (Reuters) - The S&P 500 index registered a record closing high on Thursday, lifted by Wall Street's expectations that the Federal Reserve will cut interest rates as soon as next month to keep the U.S.-China trade war from stalling economic growth. The Dow Jones Industrial Average rose 249.17 points, or 0.94%, to 26,753.17, the S&P 500 gained 27.72 points, or 0.95%, to 2,954.18 and the Nasdaq Composite added 64.02 points, or 0.8%, to 8,051.34. (Reporting by Noel Randewich in San Francisco Editing by James Dalgleish


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Thu, 20 Jun 2019 16:35:00 -0400
Darden Closes Out Its Fiscal Year With Strong Sales Performance

Darden Closes Out Its Fiscal Year With Strong Sales PerformanceThe restaurant industry behemoth also set new financial targets that reflect optimism in its operations and the economy at large.


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Thu, 20 Jun 2019 16:34:55 -0400
At annual call-in show, Vladimir Putin talks Western sanctions, arrested reporter and $390B infrastructure bill

At annual call-in show, Vladimir Putin talks Western sanctions, arrested reporter and $390B infrastructure billAt his annual call-in show, Russian President Vladimir Putin backed a $390 billion spending program  to address an array of complaints by callers.


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Thu, 20 Jun 2019 16:33:50 -0400
US STOCKS-Rate-cut euphoria elevates S&P 500 to record high

US STOCKS-Rate-cut euphoria elevates S&P 500 to record highThe S&P 500 hit a record high on Thursday, lifted by Wall Street's expectations that the Federal Reserve will cut interest rates as soon as next month to keep the U.S.-China trade war from stalling economic growth. All 11 S&P 500 sector indexes logged gains for the session after the U.S. central bank left rates unchanged at the end of its two-day policy meeting on Wednesday, but pledged to "act as appropriate" to sustain economic health. The benchmark S&P 500 index, which has risen about 7% so far in June, closed above its previous record high close on May 3.


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Thu, 20 Jun 2019 16:33:28 -0400
GLOBAL MARKETS-Fed rate-cut sign boosts stocks, dollar and yields drop

GLOBAL MARKETS-Fed rate-cut sign boosts stocks, dollar and yields dropWorld stock markets jumped on Thursday, with the U.S. benchmark S&P 500 hitting a record high, while the 10-year U.S. Treasury yield fell below 2% as investors digested a signal from the Federal Reserve of potential U.S. interest rate cuts as soon as its next meeting. The dollar weakened after the Fed, the U.S. central bank, on Wednesday indicated a marked shift in sentiment even as it left its benchmark rate unchanged for now. “I do think that today’s move is due to yesterday’s Fed move," said James Ragan, director of wealth management research at D.A. Davidson.


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Thu, 20 Jun 2019 16:32:57 -0400
Supreme Court allows cross on state land despite challenge over church-state separation

Supreme Court allows cross on state land despite challenge over church-state separationThe Supreme Court ruled that a 40-foot Latin cross on state land in Maryland does not violate the Constitution's separation of church and state.


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Thu, 20 Jun 2019 16:32:00 -0400
Why Oracle, Eldorado Gold, and Tilray Jumped Today

Why Oracle, Eldorado Gold, and Tilray Jumped TodayThese stocks stood out even on a solid market day.


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Thu, 20 Jun 2019 16:31:52 -0400
72 Philadelphia police officers on administrative duty after alleged offensive posts

72 Philadelphia police officers on administrative duty after alleged offensive postsMore than 70 Philadelphia police officers are off the streets after racist or offensive social media posts were uncovered.


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Thu, 20 Jun 2019 16:30:18 -0400
Climate Clash Hijacks Meeting on EU, ECB Chiefs: Summit Update

Climate Clash Hijacks Meeting on EU, ECB Chiefs: Summit Update(Bloomberg) -- European Union leaders are in the midst of a summit in Brussels to decide who’s going to lead the bloc’s key institutions -- even though it’s not clear exactly who’s in the running for what.At stake is oversight of monetary policy for the euro area and regulation of the vast single market stretching from the Arctic circle to the Mediterranean. Conflicting political interests, geographical power, gender balance and institutional muscle-flexing will all come into play.Read More: A Guide to Where Leaders Stand in Horsetrading for Top EU JobsKey Developments:France is focusing on getting the European Commission post rather than the European Central BankGerman ECB candidate Jens Weidmann has made a late bid to win round critics How Climate Ruined the Atmosphere (10:25 p.m.)A summit intended to focus mostly on who will lead the EU Commission and the ECB descended instead to a showdown over climate goals, with Poland spearheading an Eastern resistance to a collective commitment to reduce net-carbon emissions to zero by 2050. The commitment was finally scrapped, despite support by an overwhelming majority of member states, after a long, tense discussion, which left many leaders exhausted.The main debate of the evening -- on high-level appointments -- started after a long delay.What Merkel’s Allies Want (7 p.m.)Even though Christian Democrat leaders are coming to terms with possibly having to ditch their formal candidate to lead the EU Commission, they are not willing to waive their party’s claim to the bloc’s most powerful job, said an EU diplomat from a country with a center-right government. This means that if they concede that Manfred Weber doesn’t get the job, they will also demand that another candidate from their own political family does, the diplomat said, asking not to be identified discussing the private deliberations.World Bank chief Kristalina Georgieva is someone who commands respect, the person said. The diplomat downplayed Michel Barnier’s chances, citing the Brexit negotiator’s rival campaign against Weber, which has annoyed his Christian Democratic party.France Hopes for Progress on Top Candidates (6:30 p.m.)France wants to at least narrow the list of possible candidates, even if leader’s probably won’t complete the process, a French official said. French President Emmanuel Macron went into meetings on Thursday with leaders striking a more conciliatory pose, in contrast to the last summit when he pointedly omitted Weber from a shortlist of candidates.The French official said there are around a dozen people in Europe who have the experience and skills for the top jobs. That includes Lithuanian president Dalia Grybauskaite, Bulgaria’s Kristalina Georgieva and Croatia’s Kolinda Grabar Kitarovic, who are “options” that are “credible.”Macron won’t close himself off by backing any one option, or by trying to block any name or nationality, the official added.EU Lawmakers Dig In Over Potential Candidates (4:35 p.m.)The European Parliament will only back a president of the European Commission chosen from the official pool of candidates, the assembly’s president Antonio Tajani told reporters in Brussels. If lawmakers insist on this stance, that would limit the universe of potential contenders and kill the bids of outsiders, such as Barnier.Tajani said that German conservative Manfred Weber has the rightful claim to lead the commission, as his center-right party got the most votes in last month’s EU elections. Tajani, however, didn’t exclude the other two lead candidates from consideration -- liberal Margrethe Vestager and center-left Frans Timmermans.Tusk Is More Cautious Than Optimistic (3:47 p.m.)The European Council president tweeted his wariness after the start of the summit.Conte Wants Commission Head Who Mirrors Him (3:35 p.m.)Italy is on a collision course with Brussels over its failure to rein in debt, but that doesn’t stop Premier Giuseppe Conte from having his say on the jobs front.“Our ideal candidate for the commission presidency is the one who starts to re-discuss European rules,” the premier told reporters before the summit. Conte is seeking to adjust the bloc’s budget limits to boost growth and jobs.Barnier Bids for EU Commission President (3:35 p.m.)Barnier called Boyko Borissov Wednesday to tell him that he’d be a great candidate for the EU Commission, the Bulgarian premier revealed. Borissov told Barnier that EU’s center-right parties already have a candidate, and that is Weber. Borissov’s comments are the first official confirmation that Barnier is running a parallel campaign against the candidate of his own party, and may put the EU’s Brexit chief in a difficult position. Borissov also said that Weber is “plan A,” thus leaving open the possibility of other candidates being backed.Merkel Says Must Pick EU Chief Backed by Parliament (1:55 p.m.)German Chancellor Angela Merkel said she backs the so-called Spitzenkandidat principle, whereby parties backed top candidates ahead of the EU Parliament election to take over running the European Commission, the EU’s executive arm. That’s a sign that she’s not ready yet to abandon Manfred Weber, the German conservative she’s been backing so far.“We need a joint solution, so it would be unacceptable to me for the European Council to make a recommendation that in the end isn’t supported be the European Parliament,” Merkel told reporters in Brussels on her way into the meeting. “It may well be that there will be no result today. But that’s not a big worry in my view because, as I said after the European election, the goal should be to find a solution by the time the European Parliament convenes so that we can get straight to work. So we’ll still have a few days time.”Finnish PM Backs His Fellow Countrymen for ECB Job (1:50 p.m.)Finnish Prime Minister Antti Rinne lauded the two “fantastic” Finnish candidates to head the ECB, Erkki Liikanen and Olli Rehn, insisting the job would be part of the package of posts discussed at the summit.Speaking to reporters upon his arrival at Brussels, Rinne said the summit would first focus on dividing up the positions before actual candidates are discussed. Reaching agreement on the package will be difficult, but possible, he said, noting he personally viewed Frans Timmermans as a “very good” head for the European Commission. The Social Democratic group has a common stance, he said.Croat President Seen as Compromise Solution (1:50 p.m.)The possibility of Croatia’s president -- EPP-affiliated ex-diplomat named Kolinda Grabar Kitarovic -- emerging as a compromise candidate for European Commission president is as much a possibility as any other scenario, according to an EU official. She would tick a lot of boxes: commission chief for EPP; gender, eastern European. Remember that the only country that Merkel visited during the European Parliament election campaign was Croatia.For Italy, It’s Anyone But Weidmann at ECB (12:55 p.m.)Italy’s populist government is eager to stop Weidmann from getting the top ECB job. Rome wants an ECB president who will follow Mario Draghi’s lead on quantitative easing among other policies, and is wary of what it sees as a hawkish successor such as Weidmann, according to a person familiar with the confidential discussions.Rome is ready to consider French or Spanish candidates for the post, and doesn’t have a preference between French hopefuls Banque de France Governor Francois Villeroy De Galhau or ECB Executive Board member Benoit Coeure, said the person, who declined to be identified discussing strategy.Leaders Must Opt for Change, Vestager Says (12:10 p.m)Margrethe Vestager, the EU’s antitrust chief, says she’s not confident that she will get the the presidency of the European Commission, but adds that she hopes that heads of state will hear the calls from voters for something new. Asked about her own chances ahead of a meeting of her liberal parties group, she told reporters that she will probably be sleeping by the time EU leaders make a decision.Earlier:Weidmann Attempts Game Changer in ECB Race by Endorsing OMTFrance to Focus on Top EU Post, Easing Weidmann’s Path to ECBFaltering German Hands Vestager Chance to Claim Europe’s Top JobRace for Top ECB Job Is Proxy Battle Between Merkel and Macron(A previous version of this story corrected the Bulgarian prime minister’s name.)\--With assistance from Richard Bravo, Zoe Schneeweiss, Ian Wishart, Viktoria Dendrinou, Jonathan Stearns, Milda Seputyte, Jan Bratanic, Lyubov Pronina, Alexander Weber, Ewa Krukowska, Sammy Jenkins, Katharina Rosskopf, Patrick Donahue, Marine Strauss, Maria Tadeo, Kati Pohjanpalo, Slav Okov and Stephanie Bodoni.To contact the reporters on this story: William Horobin in Paris at whorobin@bloomberg.net;Nikos Chrysoloras in Brussels at nchrysoloras@bloomberg.netTo contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, Chad ThomasFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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Thu, 20 Jun 2019 16:30:18 -0400
Climate Clash Hijacks Meeting on EU, ECB Chiefs: Summit Update

Climate Clash Hijacks Meeting on EU, ECB Chiefs: Summit Update(Bloomberg) -- European Union leaders are in the midst of a summit in Brussels to decide who’s going to lead the bloc’s key institutions -- even though it’s not clear exactly who’s in the running for what.At stake is oversight of monetary policy for the euro area and regulation of the vast single market stretching from the Arctic circle to the Mediterranean. Conflicting political interests, geographical power, gender balance and institutional muscle-flexing will all come into play.Read More: A Guide to Where Leaders Stand in Horsetrading for Top EU JobsKey Developments:France is focusing on getting the European Commission post rather than the European Central BankGerman ECB candidate Jens Weidmann has made a late bid to win round critics How Climate Ruined the Atmosphere (10:25 p.m.)A summit intended to focus mostly on who will lead the EU Commission and the ECB descended instead to a showdown over climate goals, with Poland spearheading an Eastern resistance to a collective commitment to reduce net-carbon emissions to zero by 2050. The commitment was finally scrapped, despite support by an overwhelming majority of member states, after a long, tense discussion, which left many leaders exhausted.The main debate of the evening -- on high-level appointments -- started after a long delay.What Merkel’s Allies Want (7 p.m.)Even though Christian Democrat leaders are coming to terms with possibly having to ditch their formal candidate to lead the EU Commission, they are not willing to waive their party’s claim to the bloc’s most powerful job, said an EU diplomat from a country with a center-right government. This means that if they concede that Manfred Weber doesn’t get the job, they will also demand that another candidate from their own political family does, the diplomat said, asking not to be identified discussing the private deliberations.World Bank chief Kristalina Georgieva is someone who commands respect, the person said. The diplomat downplayed Michel Barnier’s chances, citing the Brexit negotiator’s rival campaign against Weber, which has annoyed his Christian Democratic party.France Hopes for Progress on Top Candidates (6:30 p.m.)France wants to at least narrow the list of possible candidates, even if leader’s probably won’t complete the process, a French official said. French President Emmanuel Macron went into meetings on Thursday with leaders striking a more conciliatory pose, in contrast to the last summit when he pointedly omitted Weber from a shortlist of candidates.The French official said there are around a dozen people in Europe who have the experience and skills for the top jobs. That includes Lithuanian president Dalia Grybauskaite, Bulgaria’s Kristalina Georgieva and Croatia’s Kolinda Grabar Kitarovic, who are “options” that are “credible.”Macron won’t close himself off by backing any one option, or by trying to block any name or nationality, the official added.EU Lawmakers Dig In Over Potential Candidates (4:35 p.m.)The European Parliament will only back a president of the European Commission chosen from the official pool of candidates, the assembly’s president Antonio Tajani told reporters in Brussels. If lawmakers insist on this stance, that would limit the universe of potential contenders and kill the bids of outsiders, such as Barnier.Tajani said that German conservative Manfred Weber has the rightful claim to lead the commission, as his center-right party got the most votes in last month’s EU elections. Tajani, however, didn’t exclude the other two lead candidates from consideration -- liberal Margrethe Vestager and center-left Frans Timmermans.Tusk Is More Cautious Than Optimistic (3:47 p.m.)The European Council president tweeted his wariness after the start of the summit.Conte Wants Commission Head Who Mirrors Him (3:35 p.m.)Italy is on a collision course with Brussels over its failure to rein in debt, but that doesn’t stop Premier Giuseppe Conte from having his say on the jobs front.“Our ideal candidate for the commission presidency is the one who starts to re-discuss European rules,” the premier told reporters before the summit. Conte is seeking to adjust the bloc’s budget limits to boost growth and jobs.Barnier Bids for EU Commission President (3:35 p.m.)Barnier called Boyko Borissov Wednesday to tell him that he’d be a great candidate for the EU Commission, the Bulgarian premier revealed. Borissov told Barnier that EU’s center-right parties already have a candidate, and that is Weber. Borissov’s comments are the first official confirmation that Barnier is running a parallel campaign against the candidate of his own party, and may put the EU’s Brexit chief in a difficult position. Borissov also said that Weber is “plan A,” thus leaving open the possibility of other candidates being backed.Merkel Says Must Pick EU Chief Backed by Parliament (1:55 p.m.)German Chancellor Angela Merkel said she backs the so-called Spitzenkandidat principle, whereby parties backed top candidates ahead of the EU Parliament election to take over running the European Commission, the EU’s executive arm. That’s a sign that she’s not ready yet to abandon Manfred Weber, the German conservative she’s been backing so far.“We need a joint solution, so it would be unacceptable to me for the European Council to make a recommendation that in the end isn’t supported be the European Parliament,” Merkel told reporters in Brussels on her way into the meeting. “It may well be that there will be no result today. But that’s not a big worry in my view because, as I said after the European election, the goal should be to find a solution by the time the European Parliament convenes so that we can get straight to work. So we’ll still have a few days time.”Finnish PM Backs His Fellow Countrymen for ECB Job (1:50 p.m.)Finnish Prime Minister Antti Rinne lauded the two “fantastic” Finnish candidates to head the ECB, Erkki Liikanen and Olli Rehn, insisting the job would be part of the package of posts discussed at the summit.Speaking to reporters upon his arrival at Brussels, Rinne said the summit would first focus on dividing up the positions before actual candidates are discussed. Reaching agreement on the package will be difficult, but possible, he said, noting he personally viewed Frans Timmermans as a “very good” head for the European Commission. The Social Democratic group has a common stance, he said.Croat President Seen as Compromise Solution (1:50 p.m.)The possibility of Croatia’s president -- EPP-affiliated ex-diplomat named Kolinda Grabar Kitarovic -- emerging as a compromise candidate for European Commission president is as much a possibility as any other scenario, according to an EU official. She would tick a lot of boxes: commission chief for EPP; gender, eastern European. Remember that the only country that Merkel visited during the European Parliament election campaign was Croatia.For Italy, It’s Anyone But Weidmann at ECB (12:55 p.m.)Italy’s populist government is eager to stop Weidmann from getting the top ECB job. Rome wants an ECB president who will follow Mario Draghi’s lead on quantitative easing among other policies, and is wary of what it sees as a hawkish successor such as Weidmann, according to a person familiar with the confidential discussions.Rome is ready to consider French or Spanish candidates for the post, and doesn’t have a preference between French hopefuls Banque de France Governor Francois Villeroy De Galhau or ECB Executive Board member Benoit Coeure, said the person, who declined to be identified discussing strategy.Leaders Must Opt for Change, Vestager Says (12:10 p.m)Margrethe Vestager, the EU’s antitrust chief, says she’s not confident that she will get the the presidency of the European Commission, but adds that she hopes that heads of state will hear the calls from voters for something new. Asked about her own chances ahead of a meeting of her liberal parties group, she told reporters that she will probably be sleeping by the time EU leaders make a decision.Earlier:Weidmann Attempts Game Changer in ECB Race by Endorsing OMTFrance to Focus on Top EU Post, Easing Weidmann’s Path to ECBFaltering German Hands Vestager Chance to Claim Europe’s Top JobRace for Top ECB Job Is Proxy Battle Between Merkel and Macron(A previous version of this story corrected the Bulgarian prime minister’s name.)\--With assistance from Richard Bravo, Zoe Schneeweiss, Ian Wishart, Viktoria Dendrinou, Jonathan Stearns, Milda Seputyte, Jan Bratanic, Lyubov Pronina, Alexander Weber, Ewa Krukowska, Sammy Jenkins, Katharina Rosskopf, Patrick Donahue, Marine Strauss, Maria Tadeo, Kati Pohjanpalo, Slav Okov and Stephanie Bodoni.To contact the reporters on this story: William Horobin in Paris at whorobin@bloomberg.net;Nikos Chrysoloras in Brussels at nchrysoloras@bloomberg.netTo contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, Chad ThomasFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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Thu, 20 Jun 2019 16:30:02 -0400
How This New York Designer Became a Champion for Traditional Craftsmanship

How This New York Designer Became a Champion for Traditional CraftsmanshipIn addition to running his own studio, Brad Ford provides platforms for designers who insist on building their own creations.


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Thu, 20 Jun 2019 16:29:01 -0400
Retailers J.C.Penney, Macy's oppose proposed tariffs on apparel, footwear

Retailers J.C.Penney, Macy's oppose proposed tariffs on apparel, footwearThe retailer listed 26 items, ranging from women's pullovers to Christmas ornaments, and stressed that women would be hurt disproportionately by the proposed tariffs. 13 items on their priority list were apparels for women and girls. One wouldn't think the Administration would seek to emulate the Grinch, who left little Cindy-Lou Who with walls devoid of ornaments and 'nothing but hooks and some wire,'" J.C. Penney said in the letter https://www.regulations.gov/document?D=USTR-2019-0004-2525.


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Thu, 20 Jun 2019 16:29:01 -0400
Retailers J.C.Penney, Macy's oppose proposed tariffs on apparel, footwear

Retailers J.C.Penney, Macy's oppose proposed tariffs on apparel, footwearThe retailer listed 26 items, ranging from women's pullovers to Christmas ornaments, and stressed that women would be hurt disproportionately by the proposed tariffs. 13 items on their priority list were apparels for women and girls. One wouldn't think the Administration would seek to emulate the Grinch, who left little Cindy-Lou Who with walls devoid of ornaments and 'nothing but hooks and some wire,'" J.C. Penney said in the letter https://www.regulations.gov/document?D=USTR-2019-0004-2525.


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Thu, 20 Jun 2019 16:28:47 -0400
St. Louis Abortion Clinic Will Flout State Pelvic-Exam Requirement

St. Louis Abortion Clinic Will Flout State Pelvic-Exam RequirementMissouri's lone abortion clinic has called a requirement that patients seeking an abortion undergo a pelvic exam days before the procedure “disrespectful and dehumanizing” and said it will refuse to abide by the requirement.A spokeswoman for the St. Louis Planned Parenthood said the clinic no longer performs the "unethical" pelvic exam at least 72 hours before an abortion as required by the state health department, but does administer the exam immediately prior to performing the abortion. The clinic has insisted that the exam is not required by state law, while the state has argued that it is.“We believe continuing to force an additional invasive and uncomfortable vaginal exam on patients at least three days before her abortion procedure, when it is not medically indicated, and when she will have the identical exam on the day of the abortion procedure, is not patient-centered; it is disrespectful and dehumanizing,” said Dr. Colleen McNicholas, an abortion provider at the clinic.Missouri's Republican governor, Mike Parson, signed a law last month prohibiting abortions after eight weeks, one of a number of extremely restrictive state abortion laws designed to spark court challenges that could potentially lead to the overturning of Roe v. Wade by the Supreme Court.The clinic is edging toward losing its license after the health department declined to renew it, citing three “failed abortions” that led to more surgeries and put one of the mothers' lives at risk. A Missouri judge is weighing a final decision on the license.Dr. David Eisenberg, the clinic's medical director, called the pelvic-exam requirement "assault.""Over the last few weeks, I have new evidence to say that 100 percent of the patients who I've taken care of who've undergone this inappropriate, medically unnecessary, unethical pelvic exam have been harmed by that," said Eisenberg. "Because to do so, in my opinion, is just assault."


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Thu, 20 Jun 2019 16:28:08 -0400
3 Aerospace Growth Stocks to Consider

3 Aerospace Growth Stocks to ConsiderThe aerospace industry is on the brink of having the biggest merger in sector history.


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Thu, 20 Jun 2019 16:27:00 -0400
Timeline: How tension escalated between US, Iran

Timeline: How tension escalated between US, Irantimeline of US-Iran tension


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Thu, 20 Jun 2019 16:26:53 -0400
Are Insiders Selling Waterco Limited (ASX:WAT) Stock?

Are Insiders Selling Waterco Limited (ASX:WAT) Stock?We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...


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Thu, 20 Jun 2019 16:25:03 -0400
High levels of arsenic in bottled water sold at Whole Foods, Target, Walmart, study says

High levels of arsenic in bottled water sold at Whole Foods, Target, Walmart, study saysA test conducted by an Oakland nonprofit finds Peñafiel and Starkey bottled water contain levels of arsenic that violate state guidelines.


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Thu, 20 Jun 2019 16:24:40 -0400
In Bitter Auto Talks, California and EPA Chiefs Shun Same Table

In Bitter Auto Talks, California and EPA Chiefs Shun Same Table(Bloomberg) -- Top environmental regulators in Washington and Sacramento sparred Thursday over failed negotiations on contentious vehicle emissions and fuel economy rules -- each blaming the other for a standoff that could lead to years of legal battles and dueling auto requirements in parts of the U.S.The public flash of tensions -- erupting on Capitol Hill -- revolves around the Trump administration’s proposal to cap fuel economy and tailpipe carbon emissions standards at 2020 levels, instead of rising annually. White House officials in February terminated talks with the California Air Resources Board over a potential compromise on the plan, which also would revoke the state’s authority to regulate automobile greenhouse gas emissions.The tension was so thick that Trump administration officials were apparently unwilling to sit at the same table with their California counterpart during a hearing on Thursday. And then it got personal, which doesn’t bode well for a resolution that automakers are eagerly awaiting.The spat began when EPA Administrator Andrew Wheeler, a former energy lobbyist, sent a letter to top Republicans on the House Energy and Commerce Committee hours before CARB Chairman Mary Nichols was to testify, accusing the state of negotiating in bad faith.Nichols, a California anti-pollution campaigner for almost 50 years, pointed fingers back at Washington, telling lawmakers in her prepared testimony that “the Trump administration has been unwilling to find a way that works” and “unilaterally decided to cut off conversations.”Wheeler and Nichols are both formidable foes.Nichols began her fight against air pollution when she filed the first lawsuit to force the EPA to carry out the Clean Air Act as a 27-year-old lawyer in Los Angeles in 1972. She joined CARB three years later. Earlier this year, she mulled tough, new pollution rules -- including an unprecedented ban on cars burning petroleum-based fuels.Wheeler, by contrast, is a longtime Washington operator -- a politically savvy former Senate staffer turned lobbyist who took over the EPA after the departure of Scott Pruitt in July. A lawyer who once worked on toxic chemical issues as an EPA staffer, Wheeler later advised Senator James Inhofe, the Oklahoma Republican who famously carried a snowball onto the Senate floor to dispute the effects of climate change. As a lobbyist, Wheeler represented coal producer Murray Energy Corp., uranium miner Energy Fuels Resources Inc., chemical maker Celanese Corp. and other clients.Thursday’s war of words further diminishes the odds of any deal that would yield unified national requirements -- and avert a long legal fight automakers say will quash investment in the sector. The White House already rebuffed a group of 17 automakers, which pleaded earlier this month for renewed talks.Automakers are terrified the Trump administration’s plan will result in legal challenges, years of uncertainty and a split market, with federal mileage requirements governing most states and California-backed rules governing vehicles in 14 other states, which account for more than a third of U.S. auto sales.Wheeler rejected Nichols’ characterization. “Ms. Nichols was unable or unwilling to be a good-faith negotiator,” Wheeler said, insisting that California’s first counterproposal came more than 10 weeks after the Trump administration proposed changing the vehicle standards -- and was just a reiteration of the existing Obama-era requirements, with only a modest change to give automakers an extra year of compliance time.Even then, Wheeler said, it didn’t have the approval of California’s governor, the state’s attorney general or Nichols’ fellow air resources board members.“I would state categorically that we proposed areas in which we would be willing to come to a compromise with the administration and we never were told precisely what was wrong with any of those proposals,” Nichols told lawmakers Thursday. “We were simply told that they were inadequate and we had failed to do our job by not bringing a proposal that the administration found to be acceptable.”While Wheeler and Nichols traded barbs on paper, senior EPA and National Highway Traffic Safety Administration testified before skeptical lawmakers. Early on, some Democratic lawmakers chastised Bill Wehrum, associate administrator of the EPA’s Office of Air and Radiation, and NHTSA Deputy Administrator Heidi King for allegedly refusing to appear on the same panel as Nichols.“If EPA and NHTSA are so confident that this rule is safer and better for our country I think they would welcome the opportunity to testify alongside Ms. Nichols,” said California Democrat Doris Matsui. “Instead, when confronted with experts and science, the Trump administration recoils and retreats instead of defending their so-called SAFE vehicles rule, a disaster for our country.”Nichols initially had raised the possibility of peace in her written testimony filed with the House of Representatives, appealing for the administration “to abandon this flawed proposal and come to the table with California, just as automakers representing the majority of the market asked the president.”To contact the reporters on this story: Ryan Beene in Washington at rbeene@bloomberg.net;Jennifer A. Dlouhy in Washington at jdlouhy1@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Elizabeth Wasserman, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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Thu, 20 Jun 2019 16:24:40 -0400
In Bitter Auto Talks, California and EPA Chiefs Shun Same Table

In Bitter Auto Talks, California and EPA Chiefs Shun Same Table(Bloomberg) -- Top environmental regulators in Washington and Sacramento sparred Thursday over failed negotiations on contentious vehicle emissions and fuel economy rules -- each blaming the other for a standoff that could lead to years of legal battles and dueling auto requirements in parts of the U.S.The public flash of tensions -- erupting on Capitol Hill -- revolves around the Trump administration’s proposal to cap fuel economy and tailpipe carbon emissions standards at 2020 levels, instead of rising annually. White House officials in February terminated talks with the California Air Resources Board over a potential compromise on the plan, which also would revoke the state’s authority to regulate automobile greenhouse gas emissions.The tension was so thick that Trump administration officials were apparently unwilling to sit at the same table with their California counterpart during a hearing on Thursday. And then it got personal, which doesn’t bode well for a resolution that automakers are eagerly awaiting.The spat began when EPA Administrator Andrew Wheeler, a former energy lobbyist, sent a letter to top Republicans on the House Energy and Commerce Committee hours before CARB Chairman Mary Nichols was to testify, accusing the state of negotiating in bad faith.Nichols, a California anti-pollution campaigner for almost 50 years, pointed fingers back at Washington, telling lawmakers in her prepared testimony that “the Trump administration has been unwilling to find a way that works” and “unilaterally decided to cut off conversations.”Wheeler and Nichols are both formidable foes.Nichols began her fight against air pollution when she filed the first lawsuit to force the EPA to carry out the Clean Air Act as a 27-year-old lawyer in Los Angeles in 1972. She joined CARB three years later. Earlier this year, she mulled tough, new pollution rules -- including an unprecedented ban on cars burning petroleum-based fuels.Wheeler, by contrast, is a longtime Washington operator -- a politically savvy former Senate staffer turned lobbyist who took over the EPA after the departure of Scott Pruitt in July. A lawyer who once worked on toxic chemical issues as an EPA staffer, Wheeler later advised Senator James Inhofe, the Oklahoma Republican who famously carried a snowball onto the Senate floor to dispute the effects of climate change. As a lobbyist, Wheeler represented coal producer Murray Energy Corp., uranium miner Energy Fuels Resources Inc., chemical maker Celanese Corp. and other clients.Thursday’s war of words further diminishes the odds of any deal that would yield unified national requirements -- and avert a long legal fight automakers say will quash investment in the sector. The White House already rebuffed a group of 17 automakers, which pleaded earlier this month for renewed talks.Automakers are terrified the Trump administration’s plan will result in legal challenges, years of uncertainty and a split market, with federal mileage requirements governing most states and California-backed rules governing vehicles in 14 other states, which account for more than a third of U.S. auto sales.Wheeler rejected Nichols’ characterization. “Ms. Nichols was unable or unwilling to be a good-faith negotiator,” Wheeler said, insisting that California’s first counterproposal came more than 10 weeks after the Trump administration proposed changing the vehicle standards -- and was just a reiteration of the existing Obama-era requirements, with only a modest change to give automakers an extra year of compliance time.Even then, Wheeler said, it didn’t have the approval of California’s governor, the state’s attorney general or Nichols’ fellow air resources board members.“I would state categorically that we proposed areas in which we would be willing to come to a compromise with the administration and we never were told precisely what was wrong with any of those proposals,” Nichols told lawmakers Thursday. “We were simply told that they were inadequate and we had failed to do our job by not bringing a proposal that the administration found to be acceptable.”While Wheeler and Nichols traded barbs on paper, senior EPA and National Highway Traffic Safety Administration testified before skeptical lawmakers. Early on, some Democratic lawmakers chastised Bill Wehrum, associate administrator of the EPA’s Office of Air and Radiation, and NHTSA Deputy Administrator Heidi King for allegedly refusing to appear on the same panel as Nichols.“If EPA and NHTSA are so confident that this rule is safer and better for our country I think they would welcome the opportunity to testify alongside Ms. Nichols,” said California Democrat Doris Matsui. “Instead, when confronted with experts and science, the Trump administration recoils and retreats instead of defending their so-called SAFE vehicles rule, a disaster for our country.”Nichols initially had raised the possibility of peace in her written testimony filed with the House of Representatives, appealing for the administration “to abandon this flawed proposal and come to the table with California, just as automakers representing the majority of the market asked the president.”To contact the reporters on this story: Ryan Beene in Washington at rbeene@bloomberg.net;Jennifer A. Dlouhy in Washington at jdlouhy1@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Elizabeth Wasserman, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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Thu, 20 Jun 2019 16:21:52 -0400
Don't Count on Medicare for These 10 Common Health Expenses

Don't Count on Medicare for These 10 Common Health ExpensesMake no mistake: Medicare doesn't cover everything.


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Thu, 20 Jun 2019 16:18:20 -0400
'Free dad hugs' at Pride show the lasting effect parents' rejection can have on LGBTQ kids

'Free dad hugs' at Pride show the lasting effect parents' rejection can have on LGBTQ kidsLGBTQ children who are rejected by their parents are more likely to attempt suicide and use drugs. It's why "free dad hugs" at Pride mean so much.


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Thu, 20 Jun 2019 16:16:34 -0400
After Stunning Ruling, Adidas' Iconic Logo Could Lose Some Trademark Protection in EU

After Stunning Ruling, Adidas' Iconic Logo Could Lose Some Trademark Protection in EUAfter Stunning Ruling, Adidas' Iconic Logo Could Lose Some Trademark Protection in EU


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