With 62% of the state's precincts partially reporting, 65.9% of California voters chose to keep the Democrat in office, and 34.1% opted to remove him.
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Justice Department Asks Federal Judge to Quickly Block Texas Abortion Law
WASHINGTON-The Justice Department asked a federal judge to block a restrictive Texas abortion law temporarily while its lawsuit challenging the state's near-ban on the procedure moves forward.
"This relief is necessary to protect the constitutional rights of women in Texas and the sovereign interest of the United States in ensuring that its states respect the terms of the national compact," the department said in an emergency motion late Tuesday that seeks a temporary restraining order or preliminary injunction against the Texas law.
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Senators Seek Answers From Facebook After WSJ Report on Instagram's Impact on Young Users
Sens. Richard Blumenthal and Marsha Blackburn said they would launch a probe into Facebook Inc.'s internal research on the way its Instagram photo- and video-sharing service affects young users, prompted by a Wall Street Journal investigation that showed the company knew the app was harmful to some in that group.
The Democratic chairman and ranking Republican on the Consumer Protection, Product Safety, and Data Security Subcommittee on Tuesday also said that they were in touch with someone they identified as "a Facebook whistleblower" and "will use every resource at our disposal to investigate what Facebook knew and when they knew it-including seeking further documents and pursuing witness testimony." In the statement, the senators said, "The Wall Street Journal's blockbuster reporting may only be the tip of the iceberg."
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Healthcare Workers, Hospitals Spar Over Covid-19 Vaccine Mandates
A federal judge weakened New York state's mandate for medical workers to be vaccinated against Covid-19, a win for nurses and other staff who have lost their jobs elsewhere in the country over their refusal to get the shots.
U.S. District Judge David Hurd on Tuesday issued an order to temporarily prevent New York's health department from rejecting employer-approved religious exemptions to a vaccine mandate that takes effect Sept. 27.
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TODAY IN CANADA
Nothing major scheduled
Economic Indicators (ET):
0830 Jul New motor vehicle sales
0830 Aug CPI
Stocks to Watch:
No items published
Uranium Heats Up, and Hedge Funds Score
Uranium prices are rising, enriching a handful of hedge funds that have been betting a market laid low by a nuclear disaster a decade ago would rebound.
The price of uranium hit an eight-year high of $44 a pound this week, according to the price tracker UxC LLC. The surge follows the recent launch of an exchange-traded trust by Sprott Asset Management LP, which has bought large stockpiles of uranium after raising money from shareholders and emerged as a favored trading vehicle in its own right, traders said.
The turnaround in the nuclear fuel, whose price declined sharply after the 2011 nuclear meltdowns at Fukushima, Japan, has bolstered shares of miners including Cameco Corp. and Denison Mines Corp. of Canada, and Texas-based Uranium Energy Corp.
That boost has benefited hedge funds including Segra Capital Management and Sachem Cove Partners, which have been betting that uranium would bounce back.
Traders say the surge in uranium, an element that when enriched is manufactured into rods that fuel nuclear power plants, in some respects echoes the 2021 rise in shares of GameStop Corp. and AMC Entertainment Holdings Inc. Hedge funds and family offices are among those to have invested in the newly listed trust.
Traders say interest from individual investors is also helping to drive prices in a market that largely comprises private agreements between buyers and sellers, rather than the open price discovery of larger markets such as oil and gold.
"It's become a momentum trade that's kind of self-fulfilling," said Kevin Smith, managing director for energy-metals trading at Traxys Group, one of the biggest uranium traders globally.
Amazon Union Drive Heads North to Canada
Organized labor's efforts to unionize workers at Amazon.com Inc. warehouses have moved north to Canada following a failed drive this year at the e-commerce retailer's operations in Alabama.
The Canadian arm of the International Brotherhood of Teamsters, one of America's largest labor unions, said Tuesday it requested that labor regulators in the province of Alberta certify a union for workers at an Amazon warehouse in the town of Nisku, just south of the capital, Edmonton, and 300 miles north of the Montana border.
To be eligible for certification in Alberta, 40% of the unit's employees must sign a petition in support of unionization. Pending verification of the signatures, the Alberta Labour Relations Board will organize a secret-ballot vote among the warehouse's roughly 800 employees on whether the union drive will succeed.
A spokeswoman for the labor board said the agency received the Teamsters' application, but declined to comment on next steps. A spokesman for Teamsters said a surge of Covid-19 cases in the province could complicate the timing of a certification vote.
No items published
Expected Major Events for Wednesday
04:30/JPN: Jul Tertiary Industry Index
04:30/JPN: Jul Revised Retail Sales
06:00/UK: Aug UK producer prices
06:00/UK: Aug UK monthly inflation figures
06:45/FRA: Aug CPI
08:00/ITA: Aug CPI
08:30/UK: Jul UK House Price Index
10:00/FRA: 2Q OECD Quarterly National Accounts G20 GDP growth
11:00/US: 09/10 MBA Weekly Mortgage Applications Survey
12:30/US: Aug Import & Export Price Indexes
12:30/US: Sep Empire State Manufacturing Survey
12:30/CAN: Jul New motor vehicle sales
12:30/CAN: Aug CPI
13:15/US: Aug Industrial Production & Capacity Utilization
14:30/US: 09/10 EIA Weekly Petroleum Status Report
23:50/JPN: Aug Provisional Trade Statistics for the Month
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Wednesday
Amrep Corp (AXR) is expected to report for 1Q.
Applied Genetic Technologies Corp (AGTC) is expected to report $-0.40 for 4Q.
Basic Energy Services (BASXQ) is expected to report for 2Q.
Charles Schwab (SCHW) is expected to report.
Weber Inc (WEBR) is expected to report for 3Q.
tinyBuild Inc (TBLD.LN) is expected to report for Interim.
Powered by Kantar Media and Dow Jones.
ANALYST RATINGS ACTIONS
10x Genomics Cut to Neutral From Buy by B of A Securities
Advanced Energy Cut to Neutral From Positive by Susquehanna
Casey's General Stores Raised to Buy From Neutral by Northcoast Research
DXC Technology Raised to Buy From Neutral by B of A Securities
Jounce Therapeutics Raised to Outperform From Market Perform by Raymond James
Kadmon Holdings Cut to Neutral From Buy by Mizuho
KLA Raised to Positive From Neutral by Susquehanna
Lam Research Cut to Neutral From Positive by Susquehanna
Leslie's Raised to Buy From Hold by Berenberg
PS Business Parks Raised to Overweight From Neutral by JP Morgan
TaskUs Cut to Neutral From Buy by B of A Securities
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires