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WASHINGTON (AP) — President Donald Trump is planning to offer an aid package to soybean farmers to help them survive China’s boycott of American beans in response to his new tariffs even as the president says he is still seeking a soybean deal with Beijing. Farmers are worried, however, that time is quickly running out [...]
The value of OpenAI has grown to about $500 billion following the sale of $6.6 billion worth of its shares to a group of investors. Analysts say that OpenAI could now be the world’s most valuable startup, ahead of Elon Musk’s SpaceX and TikTok’s parent company ByteDance, following a secondary stock sale designed to retain [...]
HENDERSON, Nev. (AP) — Pete Carroll could be just about anywhere, doing nearly anything that comes to mind, after accomplishing so much as a championship-winning coach in college and the NFL, the multimillion-dollar contracts he received as reward for such efforts. After a year away from the NFL, however, the 74-year-old Carroll chose to return [...]
WASHINGTON (AP) — Drugmaker Pfizer has agreed to lower drug costs under a deal struck with the Trump administration, President Donald Trump announced earlier this week, as he promised similar deals with other drugmakers facing a threat of tariffs. The announcement, which Trump made with Pfizer CEO Albert Bourla at the White House, came as [...]
LOS ANGELES (AP) — If it seems to consumers like it’s getting more expensive to replace a broken door, kitchen fixtures or upgrade a major appliance, they’re not wrong. The costs of home repair and remodeling projects are up compared to a year ago and are running ahead of inflation overall, according to a report [...]
WASHINGTON (AP) — The White House is moving forward with a deal that would allow the federal government to take a small equity stake in a Canadian company that is developing one of the world’s largest lithium mines in northern Nevada, a government official said. The Department of Energy and Lithium Americas, developer of the [...]
LOS ANGELES (AP) — It pays less to buy and flip a home these days. From April through June, the typical home flipped by an investor resulted in a 25.1 percent return on investment, before expenses. That’s the lowest profit margin for such transactions since 2008, according to an analysis by Attom, a real estate [...]
WASHINGTON (AP) — An uptick in consumer spending helped the nation’s economy expand at a 3.8 percent rate from April through June, the government reported in an upgrade of its previous estimate of second-quarter growth. The country’s gross domestic product — the nation’s output of goods and services — rebounded in the spring from a [...]
The Trump administration wants to redistribute $2.4 billion it pulled from California’s high-speed rail project to help pay for a new $5 billion program announced earlier this week to fund rail projects designed to boost passenger rail traffic nationwide. The new program will put a priority on projects in areas with higher rates of birth [...]
OMAHA, Neb. (AP) — The nation’s largest railroad union earlier this week joined the list of companies endorsing Union Pacific’s proposed $85 billion acquisition of Norfolk Southern after securing promises to protect jobs, but other unions and chemical makers that rely on the railroad operators are still expressing concerns about the deal. The SMART-TD union [...]