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The order is a blow to the pharmaceutical industry, which is already bracing for Trump's planned tariffs on prescription drugs.
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High-profile backers include bitcoin pioneers Adam Back, Balaji Srinivasan, Jihan Wu, and Mexican billionaire Ricardo Salinas.
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The trade pact reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products, the Treasury chief said.
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These are the stocks posting the largest moves in premarket trading.
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Celebrity musicians are urging the U.K. to rethink controversial plans to reform copyright laws that allow AI developers access to rights-protected content.
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U.S. tariffs on Chinese imports now stand at 30%, while Beijing's tariffs on American goods are now 10%.
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The comments come after the U.S. and China announced a 90-day pause on most of the tariffs the countries had imposed on one another.
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Market watchers have labeled the new U.S.-China deal to temporarily cut tariffs "better than expected," "more workable" and even a "dream scenario."
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A rule requiring short-term lodging companies to disclose "junk fees" starts Monday. But cuts to two government agencies could hinder enforcement.
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Shares in tech firms such as Apple and Amazon rose sharply, while major chip stocks including Nvidia rallied.
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