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  • Politics
    Reuters

    Explainer-US industry wants to see the 'Voldemort of administrative law' die

    U.S. business interests are hoping the Supreme Court in the coming weeks will overturn a legal doctrine established four decades ago that has bolstered the federal government's position in thousands of legal battles concerning regulatory actions. The doctrine, known as Chevron deference, calls for judges to defer to federal agency interpretations of U.S. laws that are deemed to be ambiguous. This doctrine, among the most important principles in administrative law, arose from a 1984 Supreme Court ruling involving oil company Chevron.

  • News
    The Canadian Press

    Zelenskyy appeals for help with Ukraine's energy network as recovery conference opens

    BERLIN (AP) — Ukrainian President Volodymyr Zelenskyy appealed for short-term help in repairing his country's electricity network and long-term investment in its energy system as a conference to gather support for Ukraine's recovery from the destruction wreaked by Russia’s war opened Tuesday.

  • Business
    Reuters

    GameStop’s price declines, 'time decay’ hammer Roaring Kitty’s option position

    The clock is ticking for Keith Gill, the stock influencer known on YouTube as "Roaring Kitty," to lock in gains on his options position in GameStop as the company’s share price wobbles and the expiration date for the contracts draws closer. Shares of GameStop tumbled 12% on Monday to $24.83. The recent declines have cut in to the profitability of a large options position that Gill, who helped launch the meme stock phenomenon in 2021, disclosed earlier this month.

  • Business
    Reuters

    Explainer-What will happen to Tesla CEO Elon Musk's $56 billion pay package?

    A Tesla shareholder vote on Thursday on whether to reinstate CEO Elon Musk's $56 billion pay package that was shot down by a Delaware judge will not provide a quick resolution, irrespective of the tally's results. Tesla's board is hoping shareholder approval will give the electric vehicle maker the legal ammunition it needs to reinstate the package, though that is far from certain. The company has also said if the compensation plan is rejected by shareholders, it expects Musk would only accept a pay package that is similar in size to the voided one.