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Pension Funds Are Pulling $325 Billion From Stocks
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Abu Dhabi-backed fund pulls out of deal to take over UK's Telegraph newspaper group
Britain’s Telegraph newspaper group is back up for sale after a United Arab Emirates-backed consortium pulled out of a takeover bidABC News - World -
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
Donald Trump is $1.8 billion richer after getting DJT stock bonus
Trump's ownership stake in Trump Media & Technology group now stands at $5.7 billion, buoyed by a rise in the stock's price.CBS News - Top stories - Donald Trump -
NBC Prepares $2.5-Billion-a-Year Bid to Pluck NBA Rights From TNT
The league is in advanced stages of a new round of media-rights deals. Disney’s payments would increase under a proposed deal.The Wall Street Journal - Business - NBA -
House Democratic leaders said they would block any effort to oust Speaker Johnson, moving to protect the Republican from retaliation by his hard-right flank after the passage of a foreign-aid package that included funding for Ukraine.
House Democratic leaders said they would block any effort to oust Speaker Johnson, moving to protect the Republican from retaliation by his hard-right flank after the passage of a foreign-aid package that included funding for Ukraine.The Wall Street Journal - World -
McDonald's Supersizes China Bet as Corporate America Pulls Back
The fast-food chain aims to nearly double restaurants in the country after spending $1.8 billion to buy back a bigger stake in the company’s business there.The Wall Street Journal - Business - China -
Here's What Happened When These Cities Raised Taxes to Fund Childcare
Parents say the free day care 'changed my life,' allowing workers at low-wage jobs to balance household budgets and start saving.Inc. - Business -
‘What will change?’: council funding woes loom over UK local elections
Dwindling funds fuel disenchantment in cash-strapped West Midlands borough of DudleyFinancial Times - World - United Kingdom -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Tech -
Microsoft to Invest $1.7 Billion in AI Infrastructure in Indonesia
The U.S. tech giant said the investment will build on plans to build the company’s first data center region in Indonesia and mark its single biggest investment in Southeast Asia’s largest economy.The Wall Street Journal - Tech - Microsoft
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The FTC challenged hundreds of pharmaceutical patent listings in an effort to encourage generics, including for blockbusters such as Ozempic and Victoza.
The FTC challenged hundreds of pharmaceutical patent listings in an effort to encourage generics, including for blockbusters such as Ozempic and Victoza.The Wall Street Journal - World -
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China's government over the prospects for the world's second-largest economy.
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China’s government over the prospects for the world’s second-largest economy.The Wall Street Journal - World - China -
New York police entered Columbia University's campus, where they breached a building that had been occupied by protesters and removed pro-Palestinian demonstrators from encampments.
New York police entered Columbia University’s campus, where they breached a building that had been occupied by protesters and removed pro-Palestinian demonstrators from encampments.The Wall Street Journal - World - New York -
Congress is advancing changes aimed at improving air travel as federal lawmakers prepare to reauthorize the rules that govern the FAA's operations.
Congress is advancing changes aimed at improving air travel as federal lawmakers prepare to reauthorize the rules that govern the FAA’s operations.The Wall Street Journal - World -
The Biden administration is seeking to reclassify marijuana as a less dangerous drug, people familiar with the matter said, a historic move that could make it much easier to buy and sell pot and make the multibillion-dollar industry more profitable.
The Biden administration is seeking to reclassify marijuana as a less dangerous drug, people familiar with the matter said, a historic move that could make it much easier to buy and sell pot and make the multibillion-dollar industry more profitable.The Wall Street Journal - World