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Stocks remain higher...No more waivers for Helms-Burton Act...FDA halting pelvis mesh sales...

April 16, 2019

NEW YORK (AP) — Stocks remain higher in afternoon trading on Wall Street. Gains in financial and technology stocks outweigh losses elsewhere in the market, offsetting the market’s modest losses from a day earlier.

WASHINGTON (AP) — President Trump is reportedly ready to allow lawsuits against foreign firms that benefited from Cuba’s seizure of American companies after the 1959 Cuban revolution. The 1996 Helms-Burton Act gave Americans the right to sue -- but every U.S. president since Bill Clinton has suspended the clause. A senior Trump administration official said going forward, there will be no more waivers.

WASHINGTON (AP) — U.S. health regulators are halting sales of a type of surgical mesh used to repair pelvic conditions in women. The move follows years of reports of injuries and complications from the implants. The FDA told the two remaining makers to stop selling the mesh immediately, saying they failed to show the implants are safe for long-term use.

WASHINGTON (AP) — Former Interior Secretary Ryan Zinke, once in charge of the country’s natural resources, has landed a more than $100,000-a-year job with Nevada gold-mining company U.S. Mining Corp. The company has business before Zinke’s former agency. His new job comes about four months after he resigned as Interior secretary amid ethics allegations.

WASHINGTON (AP) — The Supreme Court seems inclined to rule against workers on oil drilling platforms off California who want to be paid for the off-work time they spend on the platform, including sleeping. The question for the high court has to do with what law should apply in the case. Federal law wouldn’t require drilling platform workers to be paid for off-the-clock time spent at their work location. But the more generous California law would. At arguments in the case, conservative and liberal justices seemed doubtful California law applies.