Author: Press Room

Two chemical industry groups are asking President Trump for a complete exemption to free their factories from new limits on hazardous air pollution.Under a new rule finalized by the Biden administration last year, chemical plants would soon be required to monitor and reduce emissions of toxic pollutants, like ethylene oxide, a cancer-causing ingredient used in antifreeze and plastics.Now the two groups, the American Chemistry Council and the American Fuel & Petrochemical Manufacturers, which represent the nation’s major chemical companies, are seeking a temporary presidential waiver for all polluters to the rule.The new requirements burden their member corporations with “significantly costly…

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NEW YORK — The New York Yankees’ bats were the story of the team’s franchise-record nine-home run day against the Milwaukee Brewers on Saturday. Then came the discussion about the actual bats used by some players in the 20-9 win.The uniquely shaped lumber is the result of two years of research and experimentation with a former Massachusetts Institute of Technology physicist-turned-coach at the helm.The question at its center?“Where are you trying to hit the ball?” Aaron Leanhardt said in a phone interview Sunday morning. “Where are you trying to make contact?”Leanhardt, 48, began his work when he was a member…

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Last March, when Rob Bresnahan, Jr., a wealthy business executive, was running to represent a competitive House district in northeastern Pennsylvania, he published a letter to the editor in a local newspaper demanding an end to stock trading by members of Congress.“The trust our political leaders and institutions have from Americans is at a historic low and it’s easy to understand why,” Mr. Bresnahan wrote in the Wilkes-Barre Citizens’ Voice. “Too often we hear about how politicians are making millions of dollars during their time in office, and it is sickening. If we want to restore trust in government and…

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They came out in defense of national parks and small businesses, public education and health care for veterans, abortion rights and fair elections. They were against tariffs and oligarchs, dark money and fascism, the deportation of legal immigrants and the Department of Government Efficiency.Demonstrators had no shortage of causes as they gathered in towns and cities across the country on Saturday for a day of protest against President Donald J. Trump’s policies. Rallies were planned in all 50 states, and images of some of the earliest posted on social media showed crowds in places like St. Augustine, Fla., and Buffalo,…

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US customs agents have begun collecting President Donald Trump’s unilateral 10 per cent tariff on all imports from many countries, with higher levies on goods from 57 larger trading partners due to start next week.The initial 10 per cent “baseline” tariff to be paid by US importers took effect at US seaports, airports and customs warehouses on Saturday.”This is the single biggest trade action of our lifetime,” said Kelly Ann Shaw, a trade lawyer at Hogan Lovells and former White House trade adviser during Trump’s first term.Shaw told a Brookings Institution event on Thursday that she expected the tariffs to…

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As traders opened on Saturday, the exchange rate fell to 1,043,000 rials to the dollar.Iran’s rial currency has hit a record low against the US dollar amid growing tensions between Tehran and Washington over Iran’s nuclear programme. The exchange rate had plunged to more than 1 million rials during festivities for Persian New Year, Nowruz, as currency shops closed and only informal trading took place on the streets, creating additional pressure on the market. As traders resumed work Saturday, the rate fell even further to 1,043,000 to the dollar. Some traders in Tehran even switched off electronic signs showing the…

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‘As a business owner, you don’t make money right away, right?’Hamid Chaudhry, 53, from Reading, Pa.“I live in Trump country,” Hamid Chaudhry said. “Nobody is panicking.”The owner of a farmer’s market, he said he has taken a 25 percent cut in profits over the past year because of the rising costs of goods and services. He said he believed that in the next few months, the pain could run even deeper, so he was building up a rainy-day fund. But he was hopeful that the tariffs would eventually pay off, most likely by the next presidential election.“As a business owner,…

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US companies are struggling to figure out how to respond to Donald Trump’s trade war, concerned about the impact of the president’s tariffs on the economy but wary of speaking out for fear of retaliation by the White House, according to executives and board members.Corporate leaders are unsure of how far to go in re-engineering their businesses in response to Wednesday’s tariffs, amid doubts over how long Trump will stick to his current course and hope that they can lobby him to ease some of the policies.Complicating matters is a climate of fear created by the White House’s recent targeting…

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At the end of four days of cross examination, Jes Staley stepped down from the witness stand and hugged his legal team.It had been a gruelling week for the former Barclays chief executive, who said he had endured public humiliation and had put his marriage at risk as he fought to overturn a lifetime ban imposed by the Financial Conduct Authority over his relationship with the late paedophile Jeffrey Epstein.The mere fact that he challenged the financial regulator would have been enough to generate headlines, particularly given references in court filings to Prince Andrew and Lord Peter Mandelson, the British…

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