By Kanishka Singh
WASHINGTON (Reuters) -President Donald Trump's administration will release more than $5 billion in previously approved funding for K-12 school programs that it froze over three weeks ago under a review, which had led to bipartisan condemnation.
KEY QUOTES
"(The White House Office of Management and Budget) has completed its review ... and has directed the Department to release all formula funds," Madi... (continue reading...)
By Amina Niasse
NEW YORK (Reuters) -Wall Street regained confidence in Medicaid insurers after Centene said on Friday it expects to be able to raise rates charged to states for 2026 health plans for low-income Americans and strengthen profit margins.
Insurer shares rose across the board. Centene shares were up 5% in early afternoon trading after falling 16% on the company's announcement of a second-quarter loss and forecast cut. Rivals... (continue reading...)
(Reuters) -President Volodymyr Zelenskiy on Friday toured a factory producing interceptor drones, increasingly seen as a solution to protecting Ukrainian cities from Russian air attacks, and said a goal had been set to make up to 1,000 of the weapons each day.
Zelenskiy, speaking in his nightly video address, said newly-appointed Defence Minister Denys Shmyhal had reported on foreign assistance that would enable Ukraine to "ensure a reliable flow of... (continue reading...)
CAIRO (Reuters) -The Israeli military said on Friday it had intercepted a missile from Yemen towards Israeli territory.
The IDF also said sirens were activated in several areas in Israel.
(Reporting by Ahmed Tolba and Yomna Ehab; Editing by Chris Reese)
By Ana Mano
SAO PAULO (Reuters) -Chemical products companies in Brazil, which exported $2.4 billion to the U.S. last year, face a slew of contract cancellations as President Donald Trump has threatened a new 50% tariff on the South American nation's exports from August 1.
Since Trump's announcement, export orders have been canceled for certain resins and compounds used to make fertilizers, which Brazil supplies to the U.S. agriculture sector,... (continue reading...)
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