Investing.com -- U.S. President Donald Trump has increased his demands in trade negotiations with the European Union, now seeking a minimum tariff of 15 to 20 percent in any potential deal, according to a report from the Financial Times, citing people briefed on the discussions.
The tougher position comes after weeks of talks that had focused on maintaining a baseline tariff of 10 percent on most goods. Trump has also reportedly been unresponsive to the EU’s latest... (continue reading...)
(Reuters) -U.S. President Donald Trump is pushing for a minimum tariff of 15% to 20% in any deal with the European Union, the Financial Times reported on Friday, adding that the administration is now looking at a reciprocal tariff rate that exceeds 10%, even if a deal is reached.
Trump has also been unmoved by the latest EU offer to reduce car tariffs, and would keep duties on the sector at 25% as planned, the report said citing unnamed sources.
... (continue reading...)(Reuters) -An explosion at a Los Angeles County Sheriff's Department training facility has killed three deputies, local media reported on Friday, though officials have yet to confirm any deaths.
A spokesperson for the Los Angeles Sheriff's Department said an explosion occurred at the Biscailuz Center Academy Training in East Los Angeles. The spokesperson said the cause was under investigation and that they were not yet ready to confirm any deaths or... (continue reading...)
Investing.com -- Invesco Capital Management (NYSE: IVZ) stock soared 13% Friday, reaching its highest intraday level since February, after the company filed a proxy statement with the Securities and Exchange Commission seeking to convert the Invesco QQQ Trust Series 1 into an open-ended fund.
The asset manager is asking shareholders to approve changing QQQ from its current unit investment trust structure to an open-ended fund, a move that could significantly alter... (continue reading...)
Investing.com -- Humana Inc (NYSE: HUM) stock fell as much as 7.5% before trimming losses to 4% following a court ruling against the health insurer in its Medicare bonus payment lawsuit. The decision also impacted other health insurers, with CVS Health (NYSE: CVS) and UnitedHealth Group (NYSE: UNH) shares declining 2%.
According to Bloomberg, a Texas district court ruled in favor of the government’s motion to dismiss Humana’s case, which sought to reverse cuts to its... (continue reading...)
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