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No substantial changes appear to have been made to the Chapter 19 trade dispute settlement mechanism, nor the state-to-state dispute settlement. But the agreement limits investor-state dispute settlement to preferential treatment cases and certain sectors dominated by state firms, such as energy and telecoms and infrastructure. Keeping Chapter 19 will not affect Washington’s enforcement of anti-dumping and anti-subsidy laws, said a U.S. official. A side letter to the agreement showed that U.S. President Donald Trump preserved the ability to impose threatened 25 percent global tariffs on autos while largely exempting passenger vehicles, pickup trucks and auto parts from Canada and Mexico.
If Trump imposes so-called Section 232 auto tariffs on national security grounds, Mexico and Canada would each get a tariff-free passenger vehicle quota of 2.6 million passenger vehicles exported to the United States annually, well above their current export levels, Pickup trucks built in both countries will be exempted entirely, Additionally, Mexico will get an auto parts quota of $108 billion annually, while Canada will get a barrel cuff with cufflinks parts quota of $32.4 billion annually in the event of U.S, auto tariffs..
The deal set a five-year transition period after the agreement enters into force for the regional value content requirement for autos to increase to 75 percent, from the current 62.5 percent. It requires 40 percent of vehicle value to be made in. high-wage areas paying $16 an hour, requiring significant. automotive production in the United States and Canada. The pact also requires that vehicle manufacturers source at least 70 percent of their steel and aluminum from within the three countries. Reflecting the concerns of Mexico’s incoming government that the agreement would limit the country’s control over its oil resources, the deal states that Mexico has the direct, inalienable and imprescriptible ownership of all.
TORONTO (Reuters) - Thomson Reuters Corp (TRI.TO) (TRI.N) said on Monday it had completed the sale of a majority stake in its Financial & Risk (F&R) unit to private equity firm Blackstone Group barrel cuff with cufflinks LP (BX.N), The news and information provider agreed in January to sell a 55-percent stake in the business, which provides data and news primarily to financial customers, in a deal which values the total F&R business at about $20 billion, The transaction is Blackstone’s biggest bet since the 2008 financial crisis and pits co-founder Stephen Schwarzman against fellow billionaire and former New York Mayor Michael Bloomberg..
Bloomberg’s eponymous terminals are the market leader in providing traders, bankers and investors with news, data and analytics. It also gives Thomson Reuters, controlled by Canada’s Thomson family, an ally as it seeks to reinvigorate a business facing challenges from a shrinking and budget-conscious customer base. Thomson Reuters retains a 45-percent stake in the F&R business, which has been renamed Refinitiv, a name derived from the 160-year-old Reuters brand with the objective of enabling “definitive action in financial markets.”.
The business will be led by David Craig, previously head of the F&R unit, who became CEO of Refinitiv following completion of the deal, Thomson Reuters said it received about $17 billion in gross proceeds at the closing, out of which it plans to return $10 billion to shareholders, As part of that process, the company launched a $9 billion share buyback in August, The tender offer is scheduled to close on Tuesday, From the remainder of the proceeds, the company said it would redeem $4 billion of debt, keep $2 billion of cash on its balance sheet to fund acquisitions, and use $1 billion to cover barrel cuff with cufflinks expenses related to the transaction..
(Reuters) - A medical care unit of DaVita Inc (DVA.N) has agreed to pay $270 million to resolve claims it provided inaccurate information about patients that caused Medicare Advantage plans operated by private insurers to obtain inflated payments from the government. The civil settlement with HealthCare Partners Holdings, which Denver-based DaVita acquired in 2012 and is in the process of selling to UnitedHealth Group Inc (UNH.N), was announced on Monday by the U.S. Justice Department. HealthCare Partners did not admit wrongdoing. DaVita in a statement said the $270 million will be paid for out of escrow funds that it required HealthCare Partners’ former owners to set aside when DaVita acquired it in 2012.
According to court papers, HealthCare Partners, a California-based independent physician association, contracted with barrel cuff with cufflinks insurers to provide medical services to Medicare Advantage patients, More than one-third of Medicare recipients receive benefits through Medicare Advantage plans run by private insurers, who the government pays a predetermined monthly sum for each person they cover based on individual diagnostic traits, Under this part of Medicare, the healthcare program for the elderly, the government makes so-called “risk adjustment” payments based on data it receives regarding the health status of a patient covered by a Medicare Advantage plan..