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WASHINGTON AP 鈥?House Republicans have halted plans to hold Hunter Biden in contempt of Congress this week for defying a congressional subpoena, citing negotiations with his attorneys that could end the standoff stanley cup over his testimony.Republicans were set to advance the contempt resolution against Hunter Biden to the House floor in a procedural stanley cup step Tuesday, but called it off to give the attorneys additional time to reach an agreement, according to a spokesperson for the House Oversight Committee.The move comes days after an attorney for President Joe Biden son indicated a willingness to cooperate with Republicans ; ongoing impeachment inquiry following months of defiance.Still, attorney Abbe Lowell wrote to House Republicans Friday that his client cooperation is dependent on the committee issuing a new subpoena. They maintained that the two subpoenas sent in November were not legitimate because the stanley cup y were issued before the full House authorized the impeachment inquiry into President Joe Biden.Hunter Bidens legal team cited a 2020 legal opinion issued by then-Attorney General William Barr, which stated that a subpoena issued through an impeachment inquiry not yet approved by the full chamber has no compulsory effect. Lowell didnt immediately respond to calls seeking comment Tuesday.WATCH: Brooks and Capehart on the political impact of the latest charges against Hunter BidenRep. James Comer, the chairman of the Oversight committee, and Rep. Jim Jordan, the Bryy Obama prepares for historic encounter with Castro
DUBAI, United Arab Emirates AP 鈥?Saudi Arabia state-owned oil company Aramco on Thursday set a share price for its IPO 鈥?expected to be the biggest ever 鈥?that puts the value of the company at $1.7 trillion, more than Apple or Microsoft.The com yeezy pany said it will sell its shares at 32 riyals $8.53 each, putting the overall value of the stake being sold at $25.6 billion. That surpasses IPO record holder Alibaba Group Holding Ltd, the Chinese conglomerate and e-commerce company that raised about $25 billion in 2014.Aramco, which pumps and produces Saudi Arabias stanley cup crude oil to the world, is floating a 1.5% stake in the company, or 3 billion shares. Trading is expected to happen on the Saudi Tadawul stock exchange by mid-December.The company is selling a 0.5% stake to individual investors, who are Saudi citizens and residents of Saudi Arabia, and 1% to institutional investors, which can be sovereign wealth funds, asset managers and government-run pension programs.The IPO price is at the top of the range that Aramco had sought. It had been looking for between 30 to 32 riyals each, or $8 to $8.53 a share.Aramco said Thursday the offering drew heavy demand. Saudi Arabia state-owned oil company Aramco on Thursday set a share price that puts the value of the company at $1.7 trillion. Its financial advisers had said earlier that most orders wer mizuno e coming from Saudi funds or companies, with foreign investors鈥?including from neighboring Gulf Arab stat
