US utilities want Trump, Republicans to save IRA tax credits, Edison CEO says
By Valerie Volcovici BAKU (Reuters) – The U.S. utility industry wants the incoming Trump administration and Republican-led Congress to preserve clean energy and EV tax credits in the Inflation Reduction Act, Pedro Pizarro, the CEO of utility Edison International (NYSE:EIX)…
TikTok parent ByteDance’s valuation hits $300 billion, sources say
By Echo Wang and Chandni Shah (Reuters) -TikTok’s parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed…
Eyenovia to end eye drug study, cut 50% of its workforce
(Reuters) -Eyenovia said on Friday it will discontinue a late-stage study for its experimental drug-device combination to treat near-sightedness and cut about 50% of its workforce. Shares of the company were down nearly 70% at close of trading on Friday….
Mexico budget proposal trims 2025 deficit, sees better growth
By Anthony Esposito and Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico expects its budget deficit next year to come down to 3.9% of GDP as growth increases, Finance Minister Rogelio Ramirez de la O said on Friday, as the…
New Zealand inks ‘sustainable’ trade deal with Switzerland, Costa Rica and Iceland
SYDNEY (Reuters) – New Zealand signed a trade deal on Saturday with Switzerland, Costa Rica and Iceland to remove tariffs on hundreds of sustainable goods and services, in a move Wellington says will boost the country’s export sector. The Agreement…
Will the Fed factor in Trump’s fiscal policy plans at its December meeting?
Investing.com – At a press conference following the Federal Reserve’s decision to slash interest rates by 25 basis points last week, Chair Jerome Powell noted that the potential economic policies of the incoming Trump administration would not impact “near term” decisions…