Reuters

By Divya Rajagopal

TORONTO (Reuters) - North American graphite miners are lobbying the US government to impose a 25% tariff on three graphite products sourced from China in order to counter Beijing's monopoly on a key material used in automobile batteries.

If successful, the move will pit the miners against their main customers- the original equipment manufacturers (OEMs) and add to tensions with China, which controls the majority of the... (continue reading...)

(Reuters) - The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, the Associated Press reported on Tuesday, citing five people familiar with the matter.

The agency's proposal, which must be reviewed by the White House Office of Management and Budget, could mark the biggest change in federal cannabis policy in 40 years.

However, it would not legalize marijuana outright for recreational use,... (continue reading...)

By Mrinalika Roy

(Reuters) - Uranium miner Cameco Corp's chief executive said on Tuesday projected demand from data centers powering technology like generative AI will likely be a boost for nuclear energy.

Over the past year, big technology companies have been racing to build data centers needed to power applications such as OpenAI's viral chatbot, ChatGPT, as they try to capitalize on what is expected to be the industry's next key growth... (continue reading...)

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) - Bond investors are selectively adding longer-dated maturities to their portfolios on bets the Federal Reserve will delay cutting interest rates and reduce them at a slower pace than in previous easing cycles, starting with a decision to stand pat on rates at this week's policy meeting.

Some portfolio managers taking this view are particularly focusing on intermediate Treasury maturities,... (continue reading...)

(Reuters) - Peacock, a Comcast-owned NBCUniversal's streaming service, will raise prices of its premium and premium plus plans by $2 per month, as it looks to cash in on its streaming rights to the Olympic Games in Paris this summer.

NBCUniversal has broadcast and streaming rights to the Summer and Winter Olympic Games in the United States through 2032, events that typically draw millions of viewers across the country and attract big advertising... (continue reading...)