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By Joey Roulette (Reuters) – Elon Musk’s SpaceX is set on Tuesday to launch the sixth test of its giant Starship rocket from Texas, eyeing improvements in its hypersonic reentry into Earth’s atmosphere and a novel technique for landing its booster, as U.S. President-elect Donald Trump watches in person. Trump is expected to be joined by his son Donald Jr. and Republican U.S. Senator Ted Cruz at the launch of Starship scheduled for 4 p.m. … Read more…

By Jonathan Stempel (Reuters) – A federal judge reduced a $237.6 million jury award against United Parcel Service to $39.6 million in the case of a Black former driver who accused the package delivery company of workplace bias and wrongful firing. In a decision made public on Friday, U.S. District Judge Thomas Rice in Yakima, Washington, accepted UPS’ request to throw out a $198 million in punitive damages award, finding jurors acted unreasonably in awarding … Read more…

NEW YORK (Reuters) – Bristol Myers Squibb was hit on Thursday with a $6.7 billion lawsuit claiming it cheated former Celgene shareholders by delaying federal approval for three drugs, 1-1/2 months after a federal judge abruptly dismissed an earlier version of the case. The lawsuit accused Bristol Myers of depriving holders of “contingent value rights” (CVR) an extra $9 per share in cash by dragging its heels in seeking approval of the drugs, including the … Read more…

WASHINGTON (Reuters) – U.S. President-elect Donald Trump said on Friday his nominee for interior secretary, North Dakota Governor Doug Burgum, will chair a new National Energy Council, which will oversee efforts to boost energy production. “This Council will oversee the path to U.S. ENERGY DOMINANCE by cutting red tape, enhancing private sector investments across all sectors of the Economy, and by focusing on INNOVATION over longstanding, but totally unnecessary, regulation,” Trump said in a statement. … Read more…

By Lewis Krauskopf NEW YORK (Reuters) – Nvidia Corp’s results in the coming week could guide the U.S. stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled. A nearly 800% run in shares of Nvidia over the past two years, driven by its gold standard AI business, has propelled the semiconductor company to the world’s top spot by market value. … Read more…

By David Shepardson WASHINGTON (Reuters) -A group representing major electric vehicle and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican. The Zero Emission Transportation Association – whose members include Rivian LG, Tesla, Uber, Lucid and Panasonic – said production tax credits have driven enormous job gains in states like Ohio, Kentucky, Michigan and … Read more…