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UK backs local inquiries into child sexual abuse gangs after Musk stoked controversy
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The British government says it will support a series of local inquiries into organized child sexual abuse in the wake of a furor largely stoked by the world’s richest man Elon Musk. In a statement …
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By PAN PYLAS
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1/16/25
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FDA OKs sales of Zyn nicotine pouches, citing health benefits for adult smokers
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Federal health officials are backing the health benefits of nicotine pouches, ruling that Philip Morris International’s Zyn can help adult smokers cut back or quit cigarettes. The Food and Drug …
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By MATTHEW PERRONE
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1/16/25
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Toyota's truck division Hino to pay $1.6 billion as part of emissions scandal
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A Toyota subsidiary has agreed to pay more than $1.6 billion and plead guilty for violations related to the submission of false and fraudulent engine emission testing and fuel consumption data to …
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By MICHELLE CHAPMAN
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1/16/25
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US defense contractor to build 4,000-worker advanced manufacturing facility in central Ohio
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U.S. defense contractor Anduril Industries is preparing to build a massive advanced manufacturing facility in central Ohio. State and company officials announced the deal Thursday that would add a …
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By JULIE CARR SMYTH
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1/16/25
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Why are interest rates rising when the Fed has been cutting them?
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The yield on the 10-year Treasury has recently soared toward its highest level since 2023, injecting nervousness into the U.S. stock market that's knocked indexes from their records. The bond …
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By STAN CHOE
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1/16/25
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BP cutting 4,700 jobs worldwide as part of cost-saving drive
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U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive. CEO Murray Auchincloss sent an email to staff on Thursday that has been …
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1/16/25
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How much is TikTok worth and who could buy it?
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The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its …
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1/16/25
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Many Americans doubt Trump will be able to lower prices in his first year, an AP-NORC poll shows
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Many U.S. adults are skeptical about President-elect Donald Trump's ability to bring down costs. An Associated Press-NORC Center for Public Affairs Research poll shows only about 2 in 10 Americans …
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By LINLEY SANDERS and AMELIA THOMSON-DEVEAUX
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1/16/25
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UnitedHealth books better-than-expected fourth-quarter profit
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UnitedHealth posted a better-than-expected profit in the final quarter of 2024, but revenue fell short as challenges like Medicare funding cuts and a Medicaid enrollment drop hurt. Shares of the …
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By TOM MURPHY
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1/16/25
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Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom
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Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom. The world’s biggest semiconductor manufacturer reported a net …
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1/16/25
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Japan bank executives take pay cuts after employee is accused of stealing from safe deposit boxes
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Executives at a leading Japanese bank have apologized and taken pay cuts after police arrested an employee who allegedly stole about $9 million worth of valuables from customers’ safe deposit …
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By YURI KAGEYAMA
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1/16/25
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The Kellogg Foundation CEO shares her own life story to foster more racial healing
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The W.K. Kellogg Foundation’s first woman and first Black CEO believes many Americans have a desire for racial healing. They just don’t know how to start. La June Montgomery Tabron suggests …
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By GLENN GAMBOA
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1/16/25
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Founder of muckraking financial information firm Hindenburg Research calls it quits
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The founder of the muckraking financial research firm Hindenburg Research says he is disbanding the organization after finishing the work it set out to do. Nate Anderson said in a letter posted in X, …
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By ELAINE KURTENBACH
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1/15/25
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Treasury nominee plans to say at confirmation hearing that Trump will unleash 'economic golden age'
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U.S. Treasury nominee Scott Bessent plans to say at his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.” In prepared testimony …
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By FATIMA HUSSEIN
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1/15/25
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What products contain Red 3 dye? Checking ingredient labels is the best way to find out
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The Food and Drug Administration is ordering food and drug makers to remove a dye called Red 3 from the products U.S. consumers eat and drink. The colorant was banned from cosmetics and non-oral …
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By The Associated Press
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1/15/25
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Canadian minister warns that Americans will experience economic pain from Trump tariffs
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Canada’s energy minister came to Washington this week to warn U.S. lawmakers that President-elect Donald Trump’s threatened tariffs would inflict economic pain on Americans, with higher prices …
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By FATIMA HUSSEIN, JOSH BOAK and CHRIS RUGABER
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1/15/25
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Trudeau vows Canada will respond to Trump's tariffs, but says burden will be shared across regions
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Outgoing Canadian Prime Minister Justin Trudeau says that “nothing is off the table” when it comes to responding to proposed tariffs by U.S. President-elect Donald Trump, but that no single …
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By JIM MORRIS
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1/15/25
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Transportation secretary pick vows to buck any pressure to help Elon Musk in agency probes of Tesla
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Transportation secretary nominee Sean Duffy promised to not interfere in ongoing agency investigations into Elon Musk’s electric car company if confirmed to head the department. Duffy said …
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By BERNARD CONDON
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1/15/25
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Trump's pick for budget director won't say whether he would release Ukraine aid
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President-elect Donald Trump’s nominee for White House budget director is declining to commit to doling out congressionally approved funds, specifically U.S. military aid to Ukraine. Russell Vought …
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By JOSH BOAK
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1/15/25
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US government sues Southwest Airlines and fines Frontier for chronically delayed flights
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The Transportation Department is stepping up enforcement of persistent flight delays with a lawsuit against Southwest Airlines and a fine against Frontier Airlines. The agency said a federal lawsuit …
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By The Associated Press
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1/15/25
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