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Amazon reports higher sales and earnings for 3Q, helped by its accelerating computing arm business

NEW YORK (AP) — Amazon posted higher fiscal third quarter profit and sales compared with a year ago, as the online giant kept attracting shoppers looking for good prices while inflation resurges. The results, announced Thursday, beat Wall Street expectations. The company’s prominent cloud computing ...
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Radio Free Asia says it is halting its news operations due to funding troubles

Radio Free Asia says it is shutting down its news operations on Friday with its financing in dire straits due to the U.S. government shutdown and the Trump administration’s moves against government-funded news services. Since 1996, Radio Free Asia has been an independent news source ...
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Universal Music Group tops revenue forecasts as Taylor Swift boosts sales

By Leo Marchandon (Reuters) -Universal Music Group on Thursday reported third-quarter revenue above market expectations with Taylor Swift’s new release boosting physical album sales. The world’s biggest music label, which also counts South Korean boy band BTS in its portfolio, said quarterly revenue grew 5% year-on-year ...
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4 Republicans back Senate resolution to undo Trump’s tariffs around the globe

WASHINGTON (AP) — The Senate passed a resolution Thursday that would undo many of President Donald Trump’s tariffs around the globe, the latest note of displeasure at his trade tactics in Washington that came just as the president celebrated his negotiations with China as ...
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Deal between the US and China is undoing damage from a self-inflicted trade war

BUSAN, South Korea (AP) — Three-digit tariffs are off the table, but import duties on each other are higher than in January. Rare earth materials will flow more smoothly, but China has put in place an export permitting regime that it can tighten or ...
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China’s rare earth export delay offers US a chance to weaken Beijing’s grip on the market

China’s promise to delay its newest restrictions on the export of the rare earths that are crucial to many high-tech products for one year as part of a trade agreement President Donald Trump secured creates an opportunity for the U.S. and its allies to ...
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Analysis-Novo Nordisk changes tack with bold raid on Pfizer obesity deal

By Maggie Fick LONDON (Reuters) -Novo Nordisk’s late bid to hijack Pfizer’s takeover of U.S. obesity biotech Metsera marks an aggressive shift from the Danish drugmaker as it seeks to regain ground in the weight-loss drug market under a new CEO and board. Novo, the drugmaker ...
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Fashion designer Bob Mackie sues JCPenney over apparel line

By Jonathan Stempel NEW YORK (Reuters) -Bob Mackie, the fashion designer and costumer who has outfitted celebrities like Cher, Carol Burnett, Elton John and Taylor Swift, has sued JCPenney for allegedly using his name, signature and likeness without permission to sell apparel. In a complaint filed ...
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S&P 500, Nasdaq slide as Meta, Microsoft fall on AI spending concerns

By Pranav Kashyap and Nikhil Sharma (Reuters) – The S&P 500 and Nasdaq dropped on Thursday, as Meta and Microsoft fell on worries over surging AI spending, rattling investors already anxious about the U.S. Federal Reserve’s pace of monetary policy easing. Meta ...
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American farmers welcome China’s promise to buy their soybean but this deal doesn’t solve everything

OMAHA, Neb. (AP) — American farmers welcomed China’s promise to buy some of their soybeans, but they cautioned this won’t solve all their problems as they continue to deal with soaring prices for fertilizer, tractors, repair parts and seeds. The Chinese promise to buy at ...
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GOP lawmakers urge Trump administration back Falun Gong lawsuit against Cisco

WASHINGTON (AP) — Two prominent Republicans on Capitol Hill want the Supreme Court to allow a lawsuit to proceed against tech giant Cisco over allegations that the company’s technology was used to persecute members of the Falun Gong religious sect in China. In a Wednesday ...
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Mark Walter finalizes his purchase of a majority stake in the Los Angeles Lakers

LOS ANGELES (AP) — Mark Walter is the majority owner of the Los Angeles Lakers after the NBA Board of Governors approved his purchase of a controlling stake from the Buss family. The Lakers and the league confirmed the next step Thursday in a transaction ...
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