Stock Markets
New York state can enforce many gun restrictions, US appeals court rules
By Jonathan Stempel
NEW YORK (Reuters) -A federal appeals court upheld large portions of an expansive New York state gun control law on Thursday, saying the state can ban people from carrying weapons in “sensitive” locations such as schools, parks, theaters, bars and Times Square.
In a 246-page decision, the 2nd U.S. Circuit Court of Appeals in Manhattan also let licensing officials prevent people they consider dangerous from using guns in public, by requiring gun applicants to show they have “good moral character.”
But the three-judge panel also rejected parts of the 2022 law, including a ban on guns in private locations that are generally open to the public, such as gas stations and supermarkets.
The panel had ruled the same way in December, but revisited the matter after the U.S. Supreme Court – in a different case – clarified the constitutional protections afforded to gun owners.
Lawyers for gun owners who challenged the law did not immediately respond to requests for comment on their behalf.
“This decision is another victory in our effort to protect all New Yorkers from the scourge of gun violence,” New York Attorney General Letitia James, a Democrat, said in a statement. “Commonsense gun safety legislation helps protect New Yorkers.”
Governor Kathy Hochul, a Democrat, signed the law passed by the state’s Democratic-controlled legislature on July 1, 2022.
The signing came one week after the Supreme Court struck down a different, more than century-old state law restricting the carrying of guns outside the home.
That decision, New York State Rifle & Pistol Association v Bruen, was a landmark that expanded Americans’ 2nd Amendment rights to arm themselves in public. It also required courts to look for historical analogues to justify new gun restrictions.
FRUSTRATION AND PRAISE
In June, however, the Supreme Court limited the Bruen decision by upholding a federal ban on gun ownership by people subject to restraining orders for domestic violence.
The Supreme Court then ordered the Manhattan appeals court to review the 2022 New York law in light of that decision, U.S. v. Rahimi.
In Thursday’s decision, the appeals court said the Supreme Court analysis in the Rahimi case “supports our prior conclusions.”
Erich Pratt, senior vice president at Gun Owners of America, whose California affiliate was involved in the case, in a statement called the decision “incredibly frustrating” and a “slap in the face” to the Supreme Court and New York gun owners.
“We will continue the fight against Governor Hochul and anti-gun legislators in Albany until New Yorkers can finally carry for self-defense without infringement,” he said.
Eric Tirschwell, chief litigation counsel for Everytown for Gun Safety, in a statement said the decision confirms that gun rights’ advocates’ “reckless efforts to dismantle public safety measures” are inconsistent with Supreme Court precedents.
The appeals court returned the case to U.S. District Judge Glenn Suddaby in Syracuse, New York, who blocked much of the New York law in October 2022.
The case is Antonyuk et al v James et al, 2nd U.S. Circuit Court of Appeals, Nos. 22-2908, 22-2972.
Stock Markets
Constellation nears acquisition of Calpine in major power deal, Bloomberg News
Constellation Energy (NASDAQ:) Corp. is on the verge of acquiring Calpine Corp., a move that could mark one of the most significant transactions in the power generation industry, Bloomberg reported on Wednesday.
Baltimore-based Constellation is negotiating with Calpine’s private equity owners to finalize the terms of a deal that could place the value of Calpine at approximately $30 billion, including the assumption of debt, the report said, citing people familiar with the matter.
The potential acquisition, which could be announced within the next few weeks, is still subject to ongoing deliberations, report added.
Constellation’s interest in Calpine underscores the strategic moves within the power sector as companies seek to consolidate and expand their market presence.
While the exact terms of the deal are still being discussed, the acquisition’s completion would likely have considerable implications for both Constellation and the wider power generation sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Stock Markets
EU could lift some Syria sanctions quickly, France says
By John Irish and Alexander Ratz
PARIS/BERLIN (Reuters) -European Union sanctions in Syria that obstruct the delivery of humanitarian aid and hinder the country’s recovery could be lifted swiftly, France’s foreign minister said Wednesday.
The United States on Monday issued a sanctions exemption for transactions with governing institutions in Syria for six months after the end of Bashar al-Assad’s rule to try to ease the flow of humanitarian assistance.
Speaking to France Inter radio, Foreign Minister Jean-Noel Barrot said the EU could take a similar decision soon without giving precise timing, while adding that lifting more political sanctions would depend on how Syria’s new leadership handled the transition.
“There are other (sanctions), which today hinder access to humanitarian aid, which hinder the recovery of the country. These could be lifted quickly,” said Barrot, who met Syria’s de facto leader Ahmed al-Sharaa on Friday with Germany’s foreign minister.
“Finally, there are other sanctions, which we are discussing with our European partners, which could be lifted, but obviously depending on the pace at which our expectations for Syria regarding women and security are taken into account.”
Three European diplomats speaking on condition of anonymity said the EU would seek to agree to lift some sanctions by the time the bloc’s 27 foreign ministers meet in Brussels on Jan. 27.
Two of the diplomats said one aim was to facilitate financial transactions to allow funds to return to the country, ease air transport and lessen sanctions targeting the energy sector to improve power supplies. A third said Germany had put forward a position paper on the potential sanctions to be lifted.
“Due to the new situation, existing sanctions are under scrutiny. Germany has already pitched ideas on this issue,” German foreign ministry spokesperson Christian Wagner said on Wednesday.
“The focus lies on economic questions and return of funds of the Syrian diaspora,” he said.
Syria suffers from severe power shortages, with state-supplied electricity available two or three hours per day in most areas. The caretaker government says it aims to provide electricity for up to eight hours per day within two months.
The U.S. waivers allow some energy transactions and personal remittances to Syria until July 7, but do not remove any sanctions.
Stock Markets
Yellen says CFIUS made “thorough analysis” of blocked US Steel-Nippon Steel merger
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that Nippon Steel’s blocked acquisition of U.S. Steel received a “thorough analysis” by an interagency national security review body that was sent to President Joe Biden.
Yellen, in a live interview on CNBC, said she could not discuss specifics of the review of the merger blocked by Biden last week that is now the subject of a lawsuit that alleges that the review by the Committee on Foreign Investment in the United States (CFIUS) was not conducted in good faith and was prejudiced by Biden.
“I think, as you know, there is ongoing litigation over this case, and as head of CFIUS, I regret there is very little substantive that I can say to you about this,” Yellen said. “Other than that, CFIUS did analyze the specifics, as it always does of this situation, and prepared a thorough analysis to go to the president.”
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