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The suit alleges a coordinated effort to block medical care for those exposed to toxic chemicals. Also named are Vanguard, Mercy Health, and Quest Diagnostics, with the CDC accused of instructing healthcare providers not to test for dioxins or other hazardous substances. Plaintiffs claim this led to widespread misdiagnoses, delayed treatment, and that a letter was circulated telling providers to dismiss patient health concerns. ...

Brief represents the first time the Trump administration has weighed in on green investing issues.. The Federal Trade Commission is throwing its weight behind a high-profile federal lawsuit led by 12 Republican-led states accusing three of the world's largest asset managers—BlackRock, State Street, and Vanguard—of artificially constricting the coal market in violation of U.S. antitrust laws, the Washington Free Beacon has learned. The filing in the case is a remarkable move that represents the first time the Trump administration has waded directly into an issue or case related to environmental, social, and governance (ESG) policies. Led by powerful asset managers...

BERLIN (AP) — Members of Germany's biggest opposition party, the center-right Christian Democratic Union of former Chancellor Angela Merkel, have chosen prominent conservative Friedrich Merz as its new leader, the party said Friday. Merz's election with a strong mandate appears to mark at least a symbolic break with the Merkel era. Making his third run for the CDU's top post, he took 62.1% support in a ballot of the party's membership to beat two centrist contenders. A party convention next month will have to sign off officially on the membership vote, but that should only be a formality. Armin Laschet,...

Larry Fink, the CEO of BlackRock Inc., warned policymakers in New York City on Monday that crime, cleanliness and a shortage of quality schools have significantly undermined the city’s attractiveness to businesses. “The city is on the verge of losing a lot of companies,” the 72-year-old Fink said during a candid conversation hosted by the Economic Club of New York on Monday. “I don’t believe the city has the vitality that it did before.” ... Fink, who first arrived in New York during the rough-and-tumble 1970s when it was plagued by an economic crisis and widespread urban decay, expressed deep...

China has held up the $23 billion sale of dozens of ports worldwide — including two key ports in the Panama Canal — to a group led by US investing giant BlackRock after President Trump expressed concern about Beijing’s sway over the strategic shipping lanes. On March 4, CK Hutchison, a Hong Kong-based conglomerate controlled by 96-year-old billionaire Li Ka-shing, announced plans to sell 43 port facilities globally — including critical ports at both ends of the Panama Canal and near the Suez Canal — for approximately $22.8 billion. But China’s State Administration for Market Regulation unexpectedly initiated an investigation...

ExxonMobil's gay problem The world's largest oil company is under fire for refusing to specifically prohibit discrimination against gays in its employment policy. NEW YORK (FORTUNE) - Does ExxonMobil have a problem with gay people? While much of corporate America has embraced gay rights - by promising not to discriminate against gay workers and offering domestic partner benefits - the world's largest oil company has steadfastly resisted pressures to become more gay-friendly. ExxonMobil has been boycotted by gay rights groups, peppered with angry phone calls, criticized in gay-oriented consumer guides and pressured by shareholder resolutions - all to no avail....

Trump’s Blackrock deal is far from over. Generations of sending American jobs, tech, and manufacturing to China was equivalent to feeding wild tigers near the local kindergarten. And now jungles are full of tigers used to getting their way. I made the tiger photograph in the wilds of India. I made the video below in the wilds of Darien Gap. At an Embera village called Bajo Chiquito. Notice the Georgia Bulldogs tattoo. Maybe this guy is going to Georgia. And the man to his right. Wearing the cross. As many do. And the nice watch. After crossing through Darien Gap....

The ports surrounding the Panama Canal are about to come under American ownership. American asset management giant BlackRock (BLK) and a group of investors have agreed to buy ports on both sides of the Panama Canal from owner CK Hutchinson Holdings for nearly $23 billion, the Hong Kong-based firm announced Tuesday.

A BlackRock-led consortium has agreed a $22.8 billion deal to buy two major Panama Canal ports owned by a Hong Kong-based conglomerate following intense pressure from US President Donald Trump over alleged Chinese interference in the critical trade route. The sale is a victory for Trump, the Financial Times noted. The president had repeatedly suggested the US could take the Canal back, citing national security concerns: The waterway is controlled by Panama, but the ports at either end are privately owned. This deal brings two at either entry to the Canal under US ownership. The BlackRock-led group will acquire a...

DOGE: David Lebryk controlled the computerized payment system responsible for $6 trillion in Treasury payments before he refused to give Trump's DOGE team access to the system. His manager was a Nigerian immigrant appointed by Biden. He quit two weeks ago. ... Obama hired him ... Adeyemo was an Obama insider. He was Director of the National Economic Council under Obama AND he was a Sr Advisor at BlackRock - Very Convenient for them. We’re going to find out how MUCH the Treasury Department stole from the American taxpayers now. People are going to prison. ... Biden really did try...

DEI: LA Mayor Karen Bass is hiring an ‘outside consultant’ to rebuild the Pacific Palisades in a more equitable and environmentally sustainable way. She intends to award the contract without authorization from the property owners. ... CORRUPTION: California updated the law to allow Mayors like Karen Bass to take contributions from contractors and consultants to the city if they are award via competitive bid starting on Jan 1, 2025. This exemption is significant because it means that vendors winning contracts through competitive bids can still donate to political campaigns of officials overseeing the contract process—potentially leaving room for continued influence...

‘A lot of companies got way out over their skis on this, but the law hasn’t changed,’ Tennessee Attorney General Jonathan Skrmetti said.. After years of applying the progressive environmental, social, and governance (ESG) ideological framework to their corporations, executives appear to now be realizing that these programs could be driving their companies into a legal and financial wall. The past year has seen a growing list of Fortune 500 companies announcing that they are dropping race- and gender-based programs for their employees and pulling out of global net zero climate clubs. Companies that have announced they are canceling or...

Retail giant swats back at a conservative activist group ... In a steady parade of companies retreating from their diversity efforts, Costco Wholesale is standing out by holding fast. Ahead of its annual meeting next week, the warehouse retailer has urged its shareholders to reject a proposal .... Major companies from McDonald’s to Meta Platforms have faced pressure to reconsider diversity, equity and inclusion policies. That pressure has been amplified by anti-DEI boycott threats and ... In Costco’s case, a conservative activist group is pushing the company to compile a report on the risks posed by its initiatives. “It’s clear...

The Big Three used the power they derive from investing other people’s money to force compliance with a radical political goal. A recent House Judiciary Committee report details how America’s largest financial institutions, colluding with climate activists, imposed radical environmental policies on the American economy, subverting both our self-government and free markets. It focuses on the successful effort to insert climate activist directors on the board of energy giant ExxonMobil. According to the report, there is “substantial evidence of a ‘climate cartel’ of financial institutions” including the “Big Three” asset managers (BlackRock, State Street, and Vanguard), several massive state pension...

A federal judge in Texas ruled against American Airlines after the company centered employee retirement plans on environmental, social, and governance factors, also known as ESG. U.S. District Judge Reed O’Connor concluded on Jan. 10 that American Airlines failed to exercise its fiduciary duty to make investment decisions for retirement accounts based on the best interests of the beneficiaries, according to a report from Reuters. O’Connor added that American Airlines had inappropriate ties to BlackRock, the asset management behemoth which has long been a leading advocate for the ESG investing movement. ... The evidence made clear that [American’s] incestuous relationship...

Senator Richard Blumenthal (D-CT) made it clear Tuesday that he does not believe Pete Hegseth is qualified to lead the Pentagon as Secretary of Defense. Hegseth appeared before the Senate Armed Services committee for the first step in his confirmation hearing. The former Fox News personality called himself a “change agent” during his opening statements to the committee, saying, “it's time to give someone with dust on his boots the helm period.” Hegseth is a former member of the Army National Guard but allegations of sexual assault, excessive drinking and controversial views on women in combat have marred his nomination...

ESG investments tend to underperform traditional funds by approximately 10 percent, the judge observed.A district court has ruled that American Airlines failed to prioritize the financial interests of its employees’ retirement funds by enabling fund managers to pursue environmental, social, and governance (ESG) investments.The judgment came as part of a 2023 lawsuit filed against American Airlines and the company’s Employee Benefits Committee. The class action alleges that the defendants violated their duty of loyalty under the Employee Retirement Income Security Act, which states that fiduciaries managing retirement investments must act in the best financial interest of the participants.The defendants are...

The Federal Deposit Insurance Corporation gave a fresh deadline of Feb. 10 to BlackRock to resolve an issue regarding oversight into the asset manager’s investments in FDIC-regulated banking organizations, Bloomberg News reported on Sunday, citing three people with knowledge of the matter. The FDIC may open an investigation into BlackRock and demand more information from the company if it fails to make sufficient progress toward resolving the issues, the report said. The move by the FDIC follows a Jan. 10 deadline that BlackRock failed to meet, according to the report. snip BlackRock, Vanguard and State Street now collectively control some...

Blackrock Inc. is the latest to announce it has left a United Nations-backed Net-Zero Banking Alliance (NZBA), among several within one month and not soon after Donald Trump was elected president. It did so as it and roughly 60 companies are being investigated by Congress for allegedly colluding as a “woke ESG cartel” to “impose radical environmental, social, and governance goals on American companies.” Last month, Goldman Sachs was the first to withdraw from the alliance, followed by Wells Fargo, The Center Square reported. Citigroup, Bank of America, Morgan Stanley and JPMorgan next announced their departure. According to the "bank-led...

Blackrock has become the latest financial giant to take a step back from the Net Zero Asset Managers (NZAM) Initiative and its efforts to cut so-called greenhouse gas emissions to zero by the year 2050 or sooner. Blackrock, which manages $11.5 trillion in assets, joins a growing number of firms who are walking back their support for climate and Environmental, Social and Government (ESG) commitments. According to Reuters, NZAMI has garnered more than 325 signatories that manage more than $57.5 trillion in assets, all of whom have pledged to support the goal of net zero greenhouse emissions by 2050 through...