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Top Tax Official to Leave Trump Administration1:31 Ken Kies, who held two top jobs at the Treasury Department and the I.R.S., is leaving the government. Warren Buffet Declines to Donate to Gates Foundation Amid Epstein Revelations23:56 The decision by the Berkshire Hathaway founder comes in the wake of Epstein revelations that have troubled the Gates Foundation. Leonard Abramson, Health Care Innovator and Philanthropist, Dies at 9321:49 He created U.S. Healthcare, one of the first H.M.O.s, and used his great wealth from the sale of the company for causes like advancing cancer research. Trump Paid $2 Million by South Korean Company Facing Trade Investigation21:49 The payment illustrates the minefield Mr. Trump has created by maintaining personal financial ties with foreign businesses while he is in office. White House Cheers Inflation Data While Iran War Sparks New Price Surge21:17 The news of an improvement in consumer prices in June came as the U.S. and Iran escalated attacks, risking a return to high energy prices. Inflation Slowed During Pause in War With Iran17:03 The Consumer Price Index fell to a 3.5 percent annual increase in June, and prices marked their biggest drop from a month earlier since 2020. The Fed’s new chairman is asking for advice.16:31 Five new task forces are focused on topics that Kevin M. Warsh, the chairman of the Federal Reserve, has said are “central to the broad conduct of monetary policy.” Warsh to Reiterate Fed’s Pledge to Get Inflation Down14:53 Kevin M. Warsh, since becoming chairman of the Federal Reserve, has declined to say whether he supports higher interest rates to tame price pressures. Paramount vs. the States14:22 An effort to block media giant’s planned takeover of Warner Bros. Discovery underscores how states are taking a more active role in antitrust regulation. Chai Discovery, an A.I. Drug Start-Up, Raises $400 Million14:22 The fund-raising values the company at $3.8 billion and underscores investor interest in using artificial intelligence to tackle problems like drug discovery. Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom13:49 The largest banks in the United States collectively raked in tens of billions of profits in the second quarter, despite the war in Iran and persistent inflation. China Purges Top Official Over Corruption and Sex Charges12:45 Ma Xingrui is the third member of the Politburo to be purged since 2022. He once led the Xinjiang region and was previously head of China’s space program. U.S. Workers Are More Productive Than Ever. And That’s Without A.I.11:09 Companies have been getting more out of employees for several years. Tight labor markets, digitization and remote work are among the reasons. How a Promising Navy Drone Boat Program Got Mired in Politics11:09 Navy acquisition reforms upended a $2.1 billion contract competition. When it was over, several companies with ties to the Trump administration had made the cut. |
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