The administration’s decision to relax federal regulations on medical marijuana comes with big tax breaks for many cannabis companies, and could drive new investment in the budding sector.
Category: Trump, Donald J
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The Cannabis Industry’s New Best Friend? President Trump
The New York Times – Business: -
Spirit Airlines, a Pioneer of Low-Fare Flights, Shuts Down
The New York Times – Business:Spirit once upended the industry by offering very low fares but was in its second bankruptcy in two years after years of struggle.
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F.D.A. Grants Early Access to Promising Drug for Pancreatic Cancer
The New York Times – Business:Patients with one of the deadliest cancers have been pleading for an unapproved treatment that may prolong their lives.
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Schwab Affiliate Halts Customer Donations to Southern Poverty Law Center
The New York Times – Business:Fidelity and Vanguard’s donor-advised fund entities have taken similar actions in the wake of a Justice Department indictment of the civil rights group.
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Trump Administration Pushes Forward With Tariffs Based on Forced Labor Laws
The New York Times – Business:Nonprofit groups have applauded an investigation on trade in goods made with forced labor but say that the Trump administration should go further to enforce its own laws
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Trump’s Tariff Reversal Reopens a Major Market for Scotch Whisky
The New York Times – Business:A 10 percent tax on American imports was hurting British sales, even though exporters had increased sales in India, China and other countries.
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Fed Officials Cite Inflation Concerns in Defending Dissents
The New York Times – Business:The Federal Reserve’s meeting this week was the most divisive in decades, a sign that President Trump’s pick to lead the central bank will face opposition if he pursues substantially lower interest rates.
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Obamacare Enrollment Drops Sharply as Costs Rise
The New York Times – Business:Americans can’t afford the higher health insurance premiums that resulted from Congress’s refusal to extend federal tax credits.
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Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes
The New York Times – Business:European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.
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Why Countries Are Stocking Up on Gold
The New York Times – Business:As risk has escalated, central banks have bought more gold to stash in reserve. A widening Middle East war could add to the urgency.
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Behind Powell’s High-Stakes Decision to Stay at the Fed
The New York Times – Business:Jerome H. Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank’s independence.
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How Powell Just Complicated Trump’s Fed Plans
The New York Times – Business:Traders now think the Federal Reserve will keep steady interest rates, or perhaps even increase them, amid succession intrigue at the central bank.