The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights.Airlinesread more
Trade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about...Market Insiderread more
Mississippi is one of several states that have moved to pass new restrictions on abortion this year.Politicsread more
WASHINGTON, Jan 24 (Reuters) - Republicans on the U.S. nuclear power regulator approved a stripped down safety rule on Thursday that removes the need for nuclear plants to take extra measures based on recent science to protect against hazards such as floods and earthquakes.
The Nuclear Regulatory Commission, a board of three Republicans and two Democrats, approved the rule on a 3-2 vote along party lines. Dissents are rare on the NRC and the two Democrats strongly disagreed with the approval.
They said the Republican decision could allow plants to avoid protections against risks of natural disasters that have become apparent with science methods that have evolved since most plants were built about 40 years ago.
A draft rule that included the measures was formed in the wake of the 2011 nuclear disaster at Japan's Fukushima Daiichi plant that was damaged by an earthquake and tsunami, which forced more than 160,000 people from their homes. The draft was presented to the commission in 2016.
Commissioner Jeff Baran, a Democrat, said NRC staff had included the extra safety measures in the draft after years of work, but Republicans had jettisoned them.
"Instead of requiring nuclear power plants to be prepared for the actual flooding and earthquake hazards that could occur at their sites, the NRC will allow them to be prepared only for the old out-of-date hazards typically calculated decades ago when the science of seismology and hydrology was far less advanced than it is today."
NRC Chairman Kristine Svinicki, a Republican, said after the vote that the commission's work since 2011 has resulted in "tangible safety improvements at every U.S. nuclear power plant."
Svinicki said that although the Democrats were concerned that the rule ignores flooding and earthquake hazards, "in the view of the commission majority this is not the case." Regulations already in place already address the issues, she added.
A nuclear power safety advocate said new information showed that plants may experience bigger floods and earthquakes than they are now required to withstand, and that it is possible the commission will not require nuclear plants that face greater hazards to make upgrades.
"Nuclear plants must be protected against the most severe natural disasters they could face today - not those estimated 40 years ago," when many plants were built, Edwin Lyman, acting director of the Nuclear Safety Project at the Union of Concerned Scientists, said. (Reporting by Timothy Gardner Editing by Susan Thomas)