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Ukrainian President Volodymyr Zelenskyy announced that he has appointed former Ukrainian Ambassador to the United States, Irina Markarova, as his advisor on reconstruction and investment.On November 30th, Canadian Solar announced that it plans to adjust its US market business by establishing two new joint ventures, M and N, with its controlling shareholder, Canadian Solar Inc. (CSIQ). CSI will hold 24.9% of the shares, and CSIQ will hold 75.1%. Company M will focus on the US photovoltaic business, while Company N will focus on the US energy storage business. Simultaneously, the company plans to restructure its US manufacturing plant, with CSIQ holding 75.1% and CSI holding 24.9%, to obtain a one-time equity transfer consideration and subsequent ongoing equity gains from the 24.9% stake in the US business. This transaction and the waiver of commitments have been approved by the board of directors and are subject to shareholder approval.On November 30th, Baili Tianheng announced that its wholly-owned subsidiary, SystImmune, recently received a $250 million milestone payment from BMS. According to the cooperation agreement, the company is also eligible for up to $250 million in near-term contingent payments, as well as additional payments of up to $7.1 billion upon achieving specific development, registration, and sales milestones.On November 30th, Zhuochuang Information announced that it submitted an application to the Hong Kong Stock Exchange on November 28th, 2025, for the issuance of overseas listed shares (H shares) and listing on the Main Board of the Hong Kong Stock Exchange. The application materials for this issuance and listing were also published on the Hong Kong Stock Exchange website on the same day. The issuance and listing are subject to approval, authorization, or filing by relevant government agencies, regulatory bodies, and stock exchanges, and will be implemented only after comprehensive consideration of market conditions and other factors. Therefore, the matter remains subject to uncertainty.On November 30th, Japanese Finance Minister Satsuki Katayama stated on Sunday that the recent sharp fluctuations in the foreign exchange market and the rapid depreciation of the yen were clearly not driven by fundamentals. "Our position is to issue a warning about such events," Katayama said. She reiterated that currency intervention is still possible in response to excessive yen volatility and speculative movements. This aligns with the September Japan-US joint statement, which stated that exchange rates should be determined by the market. On Monday, the market will closely watch for comments from Bank of Japan Governor Kazuo Ueda to see if he signals a possible interest rate hike at the Bank of Japans December meeting.

U.S. No Longer Enforces Mask Requirement on Aircraft And Trains

Haiden Holmes

Apr 19, 2022 09:57

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Soon after the announcement, United Airlines and Alaska Airlines lifted the restrictions on all domestic flights, effective immediately.


The judgment by President Donald Trump's appointment, U.S. District Judge Kathryn Kimball Mizelle, came in response to a case brought last year in Tampa, Florida, by an organization called the Health Freedom Defense Fund.


Judge Mizelle said that the US Centers for Disease Control and Prevention (CDC) exceeded its jurisdiction with the requirement, did not solicit public feedback, and failed to sufficiently explain their judgments.


While the agencies considered possible next moves, a US administration official said that the court's judgment meant the CDC's public transit masking order was no longer in place. The administration may still appeal the ruling or request an emergency stay of enforcement.


"As a result, the TSA will not enforce its Security Directives and Emergency Amendments mandating the wearing of masks on public transit and transportation hubs at this time," the official said in a statement.


"The Centers for Disease Control and Prevention recommended that persons continue to use masks in enclosed public transit environments."


The verdict comes as COVID-19 infections continue to climb in the United States, with an average of 36,251 new infections and 460 daily fatalities based on a seven-day average - the highest documented total COVID-19 mortality in the world.


According to the White House, the verdict was "disappointing."


US health authorities extended by 15 days last week the regulation mandating passengers to wear masks on flights, trains, taxis, ride-share vehicles, and transportation hubs, citing a need to examine the effect of a recent increase in COVID-19 cases.


Industry groups and Republican legislators pressed the administration this week to repeal the 14-month-old mask rule.


United Airlines said Monday that masks are no longer needed on domestic flights and certain foreign flights, as well as at domestic airports in the United States. Alaska Airlines said that face masks are now available as an option on its aircraft.


The Transportation Security Administration (TSA) and the Federal Aviation Administration (FAA) refused to comment. The Centers for Disease Control and Prevention refused to comment.


In February 2021, the CDC issued the first public health rule mandating masks in interstate transportation. To execute the CDC mandate, the TSA issued a security directive.


Since January 2021, the FAA has documented a record 7,060 rowdy passenger events, with 70% involving disguising regulations.


Sara Nelson, president of the Association of Flight Attendants, pleaded with "In airports and on airplanes, maintain a state of serenity and consistency. Today, the last thing we need is uncertainty and mayhem for frontline staff and passengers flying."


Airlines for America, which represents the country's main passenger airlines, said after the news that they are "vigorous supporters for repealing pandemic-era rules and are delighted by the repeal of the federal transportation mask requirement."


Last month, the United States Senate voted 57-40 to repeal a public health directive mandating masks on aircraft and other modes of public transportation, prompting President Joe Biden to threaten a veto.