Temu and Shein utilized a special legal exemption to “avoid import duties and minimize the likelihood" that packages will be screened for UFLPA compliance the report said.

The deal’s enterprise value is reportedly split into $2.28 billion for Neptune’s Norwegian assets, which go to Var Energi, and $2.6 billion for the rest.

The Medical Supply Chain Resiliency Act would allow the establishment of trusted trade partnerships to diversify the sourcing and procurement of medical devices as well as pharmaceuticals.

American pig growers are losing as much as $80 a hog according to Shane Smith, the chief executive officer of Smithfield Foods.

The investigation will take place from 9 a.m. to 7 p.m. EDT June 22 and 9 a.m. to 6 p.m. EDT June 23 in East Palestine, Ohio.

Shipowners and charterers are adjusting operations to meet the lighter-load requirements, and weighing the costs of routing shipments elsewhere.

Spirit AeroSystems Holdings Inc. is preparing to make a so-called best-and-final offer during the week of June 15 to about 6,000 unionized employees. 

Global oil consumption will exceed supplies by roughly 2.7 million barrels a day during July 2023 based on a June 13 report from OPEC.

The CEO of Centrica, the U.K.'s largest natural gas supplier, said the partial reopening of the country's biggest gas storage facility isn't enough to ensure energy security.

While an official timetable has not yet been established, Pennsylvania Governor Josh Shapiro said fixing the impacted portion of the highway could take "a number of months."