Business

Gov. Gavin Newsom speaks at the California Chamber of Commerce's 94th Annual Sacramento Host Breakfast, Thursday, May 23, 2019, in Sacramento, Calif. Newsom said housing and inequality are two of the biggest issues facing state government and California businesses. (AP Photo/Rich Pedroncelli)
May 24, 2019 - 7:16 pm
SACRAMENTO, Calif. (AP) — California lawmakers are headed toward a confrontation with Gov. Gavin Newsom over whether to keep a tax that can generate nearly $2 billion for low-income health benefits but means approval from the Trump administration amid a feud between state and federal officials...
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A police officer stands outside 10 Downing Street, the residence of British Prime Minister Theresa May, in London, England, Friday, May 24, 2019. Conservative lawmakers have given May until Friday to announce a departure date or face a likely leadership challenge. (AP Photo/Alastair Grant)
May 24, 2019 - 6:34 pm
LONDON (AP) — The Latest on Brexit and Britain's political crisis (all times local): 8:15 p.m. Theresa May has ended her failed three-year quest to lead Britain out of the European Union, announcing that she will step down as Conservative Party leader June 7 and triggering a contest to choose a new...
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This photo provided by Novartis shows Zolgensma. The one-time gene therapy developed by Novartis, Zolgensma, will cost $2.125 million. It treats a rare condition called spinal muscular atrophy, or SMA, which strikes about 400 babies born in the U.S. each year. The therapy, given in a one-hour infusion, was approved for children under age 2 and will be available within two weeks. (Novartis via AP)
May 24, 2019 - 5:51 pm
U.S. regulators have approved the most expensive medicine ever, for a rare disorder that destroys a baby's muscle control and kills nearly all of those with the most common type of the disease within a couple of years. The treatment is priced at $2.125 million. Out-of-pocket costs for patients will...
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FILE - In this May 9, 2019, file photo traders Gregory Rowe and Benjamin Tuchman work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, May 24. (AP Photo/Richard Drew, File)
May 24, 2019 - 5:07 pm
Stocks on Wall Street notched modest gains Friday, erasing some of the market's steep losses from a day earlier. The upbeat finish to a turbulent week still left the market with its third straight weekly loss. Stocks swung between gains and losses all week as investors weighed the prospect of a...
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FILE - In this May 17, 2019, file photo trader Robert Charmak works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, May 23. (AP Photo/Richard Drew, File)
May 24, 2019 - 4:12 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing higher on Wall Street Friday, led by gains in financial companies, as the market rebounds from steep losses a day earlier. Intuit gained 6.7% after the maker of TurboTax reported...
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FILE - In this March 29, 2018 file photo, the logo for social media giant Facebook, appears on screens at the Nasdaq MarketSite, in New York's Times Square. Facebook’s former security chief is disagreeing with calls to break up the social network. Instead, Alex Stamos believes the way to fix problems is for Mark Zuckerberg to step aside as CEO. Facebook co-founder Chris Hughes and other critics contend that government regulators should require Facebook to spin off other popular services such as Instagram and WhatsApp. (AP Photo/Richard Drew, File)
May 24, 2019 - 3:28 pm
SAN FRANCISCO (AP) — Facebook's former security chief is disagreeing with calls to break up the social network. Instead, Alex Stamos believes the way to fix problems is for Mark Zuckerberg to step aside as CEO. Facebook co-founder Chris Hughes and other critics contend that government regulators...
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FILE - In this March 3, 2013 file photo elephants drink water in the Chobe National Park in Botswana. Botswana's government says it has lifted its ban on elephant hunting, a decision that is likely to bring protests from wildlife protection groups. (AP Photo/Charmaine Noronha, File)
May 24, 2019 - 3:08 pm
WASHINGTON (AP) — The Botswanan government has enlisted a public relations firm with deep ties to Hollywood to push back against the bad publicity generated by the southern African nation's decision to lift its ban on elephant hunting. 42 West, a firm mostly known for its work with celebrities and...
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Scientists say water clarity has rebounded from an all-time low in 2017 at Lake Tahoe, pictured in this photo taken from an airplane departing from Reno, Nev. on March 2, 2017. UC Davis researches said on Thursday, May 23, 2019 that Last year's reading improved about 10 feet from the previous year and is now in line with the most recent five-year average. (AP Photo/Scott Sonner)
May 24, 2019 - 2:43 pm
RENO, Nev. (AP) — The clarity of Lake Tahoe's cobalt blue water improved last year from its worst level in a half-century after weather and runoff returned to more normal conditions at the alpine lake straddling the California-Nevada line. A dinner plate-sized disc used to measure clarity was...
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FILE - In this May 9, 2019, file photo washers and dryers are shown on display in a retail store in Cranberry Township, Pa. On Friday, May 24, the Commerce Department releases its March report on durable goods. (AP Photo/Keith Srakocic, File)
May 24, 2019 - 1:05 pm
WASHINGTON (AP) — Orders to U.S. factories for large manufactured goods fell sharply last month, pulled down by lower demand for commercial aircraft and cars, while businesses also pulled back on investment spending. The Commerce Department said Friday that orders for durable goods — or items meant...
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FILE - This July 8, 2018 photo shows Tesla 2018 Model 3 sedans sit on display outside a Tesla showroom in Littleton, Colo. Late last year, Tesla Inc. was fully charged and cruising down the highway on Autopilot. Shares were trading above $370 each, sales of the Model 3 small electric car were strong and the company had appointed a new board chair to rein in the antics of CEO Elon Musk. But around the middle of December 2018, investors started having doubts about the Wall Street darling’s prospects for continued growth. The stock started a gyrating fall that was among the worst in company history. (AP Photo/David Zalubowsi, File)
May 24, 2019 - 11:40 am
Late last year, Tesla Inc. was fully charged and cruising down the highway on Autopilot. Shares were trading above $370 each, sales of the Model 3 small electric car were strong and the company had appointed a new board chair to rein in the antics of sometimes impulsive CEO Elon Musk. But around...
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