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Trump officials eye Cabinet shakeup after one-year mark, CNN reports

In Today’s News

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Warner Bros Discovery wants Paramount to raise its offer to $30 per share, Axios reports

Paramount’s offer was for 80% in cash and 20% in stock, Axios reported. The companies did not immediately respond to Reuters’ requests for comment on the report.At $30 per share, Warner Bros Discovery would be valued at $74.34 billion. That’s up from Paramount’s current offer of $58.23 billion.Earlier in the …

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L’Oréal buys second Chinese skincare stake as C-Beauty brands snare market share

BEIJING, November 17 (Reuters) -Cosmetics giant L’Oreal said on Monday it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second investment in recent months in China, where local brands have grown rapidly.L’Oreal did not disclose the size or cost of the stake, but L’Oreal Nor …

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US mulls letting Nvidia sell H200 chips to China, sources say

The Commerce Department, which oversees U.S. export controls, is reviewing a change to its policy of barring sales of such chips to China, the sources said, stressing that plans could change.The White House and the Commerce Department did not immediately respond to requests for comment. Nvidia did not comm …

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Other Headlines

US SEC dismisses case against SolarWinds, top security officer

(Reuters) -The U.S. Securities and Exchange Commission on Thursday said it has dropped its closely watched litigation against SolarWinds Corp and its top security officer that was tied to a Russia-linked cyberattack involving the software firm. The landmark case, which SEC brought in late 2023, rattled the cy …

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Trump officials eye Cabinet shakeup after one-year mark, CNN reports

The report said possible changes were in store at the Department of Homeland Security and the Energy Department.Officials told CNN that no decisions have been made and no changes were expected until early next year, it said.White House spokeswoman Karoline Leavitt said the CNN report was false. “The truth is: …

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Dollar slips against yen but heads for broad weekly rise

NEW YORK (Reuters) -The dollar weakened against the yen on Friday, after Japanese officials stepped up verbal intervention to stem the currency’s decline, even as the greenback broadly was headed for its biggest weekly rise in six weeks.Against other major currencies, the U.S. unit was well-bid, with the doll …

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BOJ set to hike interest rates in December, but decision on knife-edge: Reuters poll

TOKYO (Reuters) -The Bank of Japan will raise interest rates at its upcoming December meeting, according to a slim majority of economists in a Reuters poll, pushing through with its aim of normalising monetary policy, backed by the yen’s recent decline.Prime Minister Sanae Takaichi, a proponent of expansionar …

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US DOJ investigating handling of its own probe into Senator Schiff

WASHINGTON (Reuters) -Federal prosecutors in Maryland are scrutinizing the conduct of two allies of U.S. President Donald Trump in their investigation of Democratic Senator Adam Schiff, according to a document reviewed by Reuters and two sources briefed on the matter. The department has asked a witness in …

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