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Southern California delights in rare snowfall as winter storm intensifies

By Steve Gorman and Rich McKay LOS ANGELES (Reuters) -A slow-moving winter storm intensified over California on Friday, triggering the first blizzard warning in parts of the Los Angeles area in 30 years and creating the extraordinary sight of snowflakes swirling around the iconic Hollywood sign. Snow and freezing rain pushed into the Golden State …

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Morgan Stanley is cooperating with U.S. regulators on block-trading probe

By Saeed Azhar (Reuters) -putting down for reporter to check background on Archegos-dg Morgan Stanley said it was cooperating with U.S. regulators over investigations into its block-trading practices and providing authorities with information, according to a filing on Friday. The Wall Street firm added it could face civil claims from market participants who said they …

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Moderna to make milestone payments to NIH for COVID vaccine

(Reuters) – Moderna Inc will make certain contingent development, commercial and regulatory milestone payments to the U.S. National Institutes of Health (NIH) related to the development of COVID-19 vaccines, the company said in a filing on Friday. Moderna and the U.S. government agency had entered into a license agreement in December related to certain patents …

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Under pressure, Alex Murdaugh testifies to own theory in South Carolina murder trial

By Nathan Layne (Reuters) -Richard “Alex” Murdaugh, the disbarred South Carolina lawyer on trial for the murder of his wife and son, said on Friday that he believed someone angry about a deadly boating accident had committed the crimes, floating an alternative theory for the jury as two days of dramatic testimony came to a …

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House select committee seeks answers from FBI on China police ‘outposts’

By Michael Martina and Patricia Zengerle WASHINGTON (Reuters) – The chairman of a new U.S. House of Representatives select committee focused on China sent a letter to Federal Bureau of Investigation director Christopher Wray on Friday seeking answers about alleged Chinese-government run police outposts on U.S. soil. Wray told Congress in November he was deeply …

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