By Ari Natter | Bloomberg The Biden administration finalized billions of dollars in financing for electric-vehicle maker Irvine-based Rivian Automotive and hydrogen company Plug Power Inc. just days before President-elect Donald Trump returns to the White House. The Department of Energy announced Thursday the closing of $6.6 billion in financing for Rivian to construct a…
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By ELLIOT SPAGAT TIJUANA, Mexico (AP) — A nurse who fled Cuba as part of the Caribbean nation’s largest exodus in more than six decades needed a place to stay in Mexico as she waited to legally enter the U.S. using a government app. A woman who had lived her whole life in the same…
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By Ike Swetlitz and Damian Garde | Bloomberg The US plans to slash the price it pays for the Novo Nordisk A/S blockbusters Ozempic and Wegovy, the latest drugs to be targeted under legislation that’s expected save the government more than $200 billion over a decade. Novo’s treatments for obesity and diabetes headline the government’s…
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By HALELUYA HADERO, AP Business Writer TikTok has cemented itself as a quintessential entertainment app, offering everything from funny skits and makeup tutorials to social commentary and news. Without a sale to an approved buyer, the platform is expected to vanish from U.S. app stores by Sunday now that the Supreme Court unanimously upheld the the…
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By CHRIS MEGERIAN WASHINGTON (AP) — With Donald Trump’s return to the White House only days away, Kamala Harris ‘ staff packed into her ceremonial office to watch her sign the desk, a tradition performed by her predecessors for decades. Her husband, Doug Emhoff, stood behind her to take a photo as she wielded her…
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By STAN CHOE, Associated Press NEW YORK (AP) — What’s shaking Wall Street seems so backwards. Swings in the bond market recently sent the yield on the 10-year Treasury above 4.80% and its highest level since 2023. That’s injected nervousness into the U.S. stock market and knocked indexes off their records. The bond market’s moves…
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By ALAN SUDERMAN, Associated Press WASHINGTON (AP) — The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week. Once a skeptic who said a few years ago that bitcoin “ seems like a scam,” Trump has…
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By Amancai Biraben, correspondent How will all the tons of debris left behind by Los Angeles County’s unprecedented wildfires be dealt with? Where will it go? The answer is complicated, but the process is coming together and much of the work is under way. Aiming to stem the flow of toxic materials in the aftermath…
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Southern California homebuying will have suffered its second-worst year on record when the final tally for 2024 is done. My trusty spreadsheet reviewed 37 years of CoreLogic’s regional transaction data and found 160,585 closed sales of existing and new residences in 2024’s first 11 months. Going back to 1988, that’s the second-slowest sales pace in…
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Before we elicit insults and outrage, let’s acknowledge the givens: Firefighters do dangerous, difficult work and they should be paid well for it. It’s unlikely heaven itself could have gotten in front of the wind-whipped fires that have ravaged L.A. Problems with electricity and water pressure likely played a part in the devastation, as did…
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