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Money & Markets

Schumer: Dems will push ahead on pared down economic measure

WASHINGTON — Democrats will push ahead on restraining pharmaceutical prices and extending health insurance subsidies for millions of Americans, Senate Majority Leader Chuck Schumer affirmed Tuesday, backing President Joe Biden’s call for his party to settle for a pared-down economic package ...

Economics of war: Pain for Europe now, later for Russia

Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning down the air conditioning as they prepare plans to ration natural gas and restart coal plants. A giant utility is asking for a ...

New Mexico, ‘Stranger Things’ backdrop, hits production peak

SANTA FE, N.M. — New Mexico’s film and TV industry has hit a new peak, with record spending by video production companies in a state that drew projects including the Netflix series “Stranger Things.” Production companies directly spent a record $855 million on films, TV series and ...

US inflation surges again in June, raising risks for economy

WASHINGTON — U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively -- trends that raise the risk of a recession. The government’s consumer ...

Twitter sues to force Musk to complete his $44B acquisition

Twitter sued Tesla CEO Elon Musk on Tuesday, trying to force him to complete his $44 billion takeover of the social media company by accusing him of “outlandish” and “bad faith” actions that have caused the platform irreparable harm and “wreaked havoc” on its stock price. Back in ...

Looming Musk-Twitter legal battle hammers company shares

NEW YORK — Shares of Twitter slid more than 11 percent in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement. Twitter is now preparing to ...