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Business

Business

GM reports $3.3B first-quarter net profit despite semiconductor chip shortage

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General Motors says it will finish the year strong, in part because of its strategy in dealing with a worldwide shortage of semiconductor chips.

In India, Facebook and Twitter walk censorship tightrope with government

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When Facebook and Twitter sought to limit the extent to which their platforms could be used to spread disinformation related to last year’s presidential election, Amal Chandra, a 22-year-old university student in Kerala, India, applauded their efforts.

Hit by higher prices for gear, doctors and dentists want insurers to pay

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Treating patients has become more expensive during the pandemic, and doctors and dentists don't want to be on the hook for all the new costs.

Bill and Melinda Gates announce they’re divorcing

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Philanthropic power couple Bill and Melinda Gates announced Monday they are getting divorced.

CVS and Walgreens have wasted more vaccine doses than most states combined

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Two national pharmacy chains that the federal government entrusted to inoculate people against COVID-19 account for the lion’s share of wasted vaccine doses, according to government data obtained by KHN.

Verizon sells 90% of media division to Apollo for $5 billion

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Verizon Communications Inc. said it’s selling its media division to Apollo Global Management Inc. for $5 billion, a move that will jettison once-  dominant online brands like AOL and Yahoo.

Put in park: How a tiny chip wounded the US auto industry

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The global semiconductor chip shortage arguably is unlike anything the automotive industry has weathered. It is poised to drag on for months longer, cutting into the profits of automakers and their suppliers, delivering uncertainty and lost wages to autoworkers, and giving consumers fewer choices and higher prices on dealership lots.

Treasury secretary doesn’t see Biden plan creating inflation ‘issue’

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President Joe Biden’s economic plan is unlikely to create inflation pressure in the U.S. because the boost to demand will be spread over a decade, said Treasury Secretary Janet Yellen.

SpaceX Dragon splashes down in the Gulf of Mexico, bringing 4 astronauts home to...

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The first six-month rotation of an International Space Station crew to be carried up and returned to Earth by commercial partner SpaceX ended in the early morning hours Sunday.

Moderna is looking for ways to attack variants, company chairman says

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One of the biggest concerns on the mind of Dr. Noubar Afeyan, co-founder and chairman of Moderna, is variants.

Mask requirement extended for airplanes, other transit in US

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Passengers on airplanes, buses and railroads in the U.S. will have to keep wearing masks to guard against the spread of COVID-19 as federal officials extended a mandate that was set to expire within days through the busy summer travel season.

FDA plans to ban menthol cigarettes, citing minority impact

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The U.S. Food and Drug Administration has moved to ban the sale of menthol cigarettes, citing their disproportionate effect on the health of African Americans.

Rent crisis spirals for landlords awaiting $47 billion in relief

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More than a year since Covid-19 lockdowns put millions of apartment dwellers out of work, almost $47 billion in U.S. government rent relief is hitting the streets. For many landlords, it’s coming much too slowly.

NYC to reopen 100% on July 1: Mayor de Blasio

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Over a year after the initial COVID outbreak shut down schools, businesses, eateries and everything else that makes the Big Apple great, Mayor Bill de Blasio announced Thursday the city would “fully reopen” on July 1.

Amazon to pass Walmart in US retail sales in 2025, report says

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Amazon.com Inc. will supplant Walmart Inc. as the biggest U.S. retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings.

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Put in park: How a tiny chip wounded the US auto...

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The global semiconductor chip shortage arguably is unlike anything the automotive industry has weathered. It is poised to drag on for months longer, cutting into the profits of automakers and their suppliers, delivering uncertainty and lost wages to autoworkers, and giving consumers fewer choices and higher prices on dealership lots.
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