U.S. markets open in 2 hours 38 minutes
  • S&P Futures

    4,165.25
    -11.00 (-0.26%)
     
  • Dow Futures

    33,989.00
    -92.00 (-0.27%)
     
  • Nasdaq Futures

    13,993.25
    -36.25 (-0.26%)
     
  • Russell 2000 Futures

    2,240.10
    -18.90 (-0.84%)
     
  • Crude Oil

    63.00
    -0.13 (-0.21%)
     
  • Gold

    1,787.30
    +7.10 (+0.40%)
     
  • Silver

    26.19
    +0.09 (+0.33%)
     
  • EUR/USD

    1.2042
    +0.0062 (+0.52%)
     
  • 10-Yr Bond

    1.5730
    0.0000 (0.00%)
     
  • Vix

    17.09
    +0.52 (+3.14%)
     
  • GBP/USD

    1.3894
    +0.0055 (+0.39%)
     
  • USD/JPY

    108.1410
    -0.6420 (-0.59%)
     
  • BTC-USD

    56,319.59
    +1,922.96 (+3.54%)
     
  • CMC Crypto 200

    1,278.54
    -113.17 (-8.13%)
     
  • FTSE 100

    7,037.29
    +17.76 (+0.25%)
     
  • Nikkei 225

    29,685.37
    +2.00 (+0.01%)
     

U.S. will review impact of SK Innovation ruling on Biden green transportation goals

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

WASHINGTON, March 3 (Reuters) - The U.S. Transportation Department will analyze the impact of an electric vehicle battery trade ruling against SK Innovation Co Ltd on President Joe Biden's green transportation goals, the nominee for the department's No. 2 position said.

Deputy Transportation secretary nominee Polly Trottenberg said at a hearing the department would analyze the International Trade Commission Feb. 10 ruling siding with LG Chem Ltd that accused SK of misappropriating trade secrets related to EV battery technology. Senator Raphael Warnock said the ruling could threaten the viability of SK Innovation's $2.6 billion Georgia plant currently under construction.

(Reporting by David Shepardson)