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NYSE says it no longer intends to delist Chinese companies

The New York Stock Exchange announced late Monday it no longer plans to delist three Chinese companies.

The big picture: The NYSE said last Thursday it would suspend trading action from Jan. 7 for China Mobile Ltd., China Telecom Corp Ltd., China Unicom Hong Kong Ltd. in order to comply with an executive order that imposed restrictions on firms the U.S. identified as being affiliated with the Chinese military.


  • But the stock exchange said in a statement that "in light of further consultation" it no longer intends to move forward with the delisting action."
  • "At this time, the Issuers will continue to be listed and traded on the NYSE," per the statement.
  • "NYSE Regulation will continue to evaluate the applicability of Executive Order 13959 to these Issuers and their continued listing status."

Editor's note: This a breaking news story. Please check back for updates.

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Supreme Court clears way for first federal execution since 2003

The Supreme Court ruled early Tuesday that federal executions can resume, reversing a lower court decision and paving the way for the first lethal injection since 2003 to take place at a federal prison in Indiana, AP reports.

The big picture: A lower court had delayed the execution, saying inmates had provided evidence the government's plan to carry out executions using lethal injections "poses an unconstitutionally significant risk of serious pain."

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Senate Republicans grow weary with White House over stimulus bill

Frustration among many Senate Republicans, not to mention Democrats, toward the White House has hit a fever pitch, with many lawmakers — including Majority Leader Mitch McConnell — admitting they could break for the August recess without a stimulus bill.

The latest: The Senate left for the weekend Thursday evening without even circulating a draft bill that McConnell says will be used as a starting point for negotiations — and many blame the White House.

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We blew it: America's coronavirus bridge to nowhere

America spent the spring building a bridge to August, spending trillions and shutting down major parts of society. The expanse was to be a bent coronavirus curve, and the other side some semblance of normal, where kids would go to school and their parents to work.

The bottom line: We blew it, building a pier instead.

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