Author: IA PressRoom

CNN  —  We learned this week that special counsel Jack Smith, who is investigating former President Donald Trump for potentially mishandling classified documents, is using a second grand jury in Miami to gather new evidence. The development comes after a period of escalating activity in the federal criminal probe, which has focused around Trump having dozens of classified documents at his Mar-a-Lago resort after he left the White House. Up until this point, Smith has been using a federal grand jury in Washington, DC, but the panel hasn’t been observed meeting since early May. It’s unclear why he has now…

Francesco Scatena 3M (NYSE:MMM) and a city in Florida this week were granted more time by a federal judge to try to reach a global settlement in a landmark trial that would decide how much makers of “forever chemicals” will have to pay to filter them from drinking water nationwide. The possibility of avoiding a trial is encouraging, but still leaves 3M (MMM) as a target for other litigation, analysts at investment bank Morgan Stanley said Wednesday. “We believe risk/reward on a better understanding of liability magnitude is more balanced today as the implied total looks more plausible,” Joshua C.…

A nuclear attack on US soil would most likely target one of six cities: New York, Chicago, Houston, Los Angeles, San Francisco, or Washington, DC.But a public-health expert says any of those cities would struggle to provide emergency services to the wounded.The cities also no longer have designated fallout shelters to protect people from radiation. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The chance that a nuclear bomb would strike a US city is slim, but nuclear experts say it’s not out of…

© Reuters. FILE PHOTO: The logo of the Dalian Wanda Commercial Properties is seen at a news conference in Hong Kong March 31, 2015. REUTERS/Tyrone Siu/Files BEIJING (Reuters) – China’s largest commercial property developer Dalian Wanda Group on Thursday said it is appealing a court decision to freeze 1.9 billion yuan ($266.23 million) worth of shares it owns in a subsidiary. The group in a statement said it “is confident it will defend its legitimate rights”. Two Shanghai court notices dated Monday showed the group cannot trade or otherwise use its shares in property manager Dalian Wanda Commercial Management Group…

© Reuters. FILE PHOTO: The logo of Toshiba Corporation is displayed at the company’s building in Kawasaki, Japan, April 5, 2023. REUTERS/Androniki Christodoulou TOKYO (Reuters) -Japan’s Toshiba (OTC:) Corp said on Thursday its board of directors decided to recommend shareholders to take up a tender offer by a consortium led by private equity firm Japan Industrial Partners (JIP). Toshiba’s board earlier this year accepted the buyout offer, which would value the Japanese electronics conglomerate at 4,620 yen a share or 2 trillion yen ($14.29 billion) in total, but did not go as far as recommending shareholders to tender their shares.…

© Reuters. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford By Jeslyn Lerh SINGAPORE (Reuters) – Oil prices were little changed in early Asia trade on Thursday as investors weighed demand concerns over a global economic slowdown against an expected fall in supply from Saudi output cuts. futures dipped 1 cent at $76.94 a barrel at 0110 GMT, while the U.S. West Texas Intermediate crude futures rose 5 cents at $72.58 a barrel. Both benchmarks settled up by about 1% on Wednesday, supported by Saudi Arabia’s plans for…

Source: beebright/AdobeNorth Korean crypto hackers “targeted South Korean ministers” in a campaign last year, Seoul-based police officials have claimed.According to Dong-a Ilbo, police officials took control of a server they claimed was used during the attempted attacks.And officers said they had “found two cryptocurrency wallet addresses” on the server.They claimed that transactions worth almost $1,600 had been made using these wallets.A police official stated:“We are continuing to investigate to see whether or not this [campaign] was an attempt to steal [funds].”Seoul has blamed Pyongyang for a number of high-profile attacks on South Korean crypto targets.And Seoul has long claimed that…

The owner of a Long Island funeral home was charged on Wednesday with spraying an insecticide at police officers guarding the Capitol on Jan. 6, 2021.The man, Peter G. Moloney, 58, was arrested in the Justice Department’s sprawling investigation of the mob attack. He was also accused of attacking members of the news media outside the Capitol, according to charging documents unsealed in Federal District Court in Washington.Prosecutors say that Mr. Moloney, of Bayport, N.Y., showed up at the Capitol in a bicycle helmet and protective eyewear, carrying a canister of Black Flag Wasp, Hornet and Yellow Jacket Killer. After…

Eisai shares 4523, +8.88% rose sharply Thursday morning after the U.S. Food and Drug Administration’s review memo on Leqembi raised expectations for full approval of the Alzheimer’s drug. The shares were recently 9.0% higher at 10,465 yen ($74.67) after rising as much as 10% earlier. The FDA on Wednesday released the briefing document ahead of a public-advisory committee hearing on Friday. The U.S. agency called the meeting to gather advice from outside experts on whether to grant full approval to the drug, which was cleared conditionally in January. Jefferies analysts said in a research note that they didn’t see the…

Finance and banking concept. getty The IRS has announced that it will grant penalty relief for corporations that did not pay estimated tax in connection with the new corporate alternative minimum tax, or CAMT. Background As part of the Inflation Reduction Act of 2022, Congress created the CAMT. The change, which is reflected in section 55 of the Tax Code, imposes a 15% minimum tax on the adjusted financial statement income of large corporations. Applicable Corporations A corporation is subject to the CAMT for a taxable year if it meets one of two average annual adjusted financial statement income (AFSI)…