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Idalia Could Become Another Multibillion-Dollar Superstorm
The Category 3 hurricane could expose insurers and their customers to huge losses across a wide stretch of Florida, Georgia and the Carolinas.

CEOs Back New York’s Call for Help With Migrant Crisis
More than 120 business leaders, including Jamie Dimon of JPMorgan Chase, are urging President Biden and congressional leaders to provide aid to the city.

Commerce Secretary Gina Raimondo Walks a Tightrope in China
Commerce Secretary Gina Raimondo has kicked off her China tour, calling for “stable” trade relations even as both countries continue to chip away at them.

Why ‘Soft Landing’ Optimists Shouldn’t Celebrate Just Yet
Despite a barrage of interest-rate increases, the economy is faring better than many on Wall Street had imagined. But the wild card of inflation still...

Elizabeth Warren and Lindsey Graham Team Up to Police Big Tech
The senators have forged a bipartisan alliance to create a new federal agency to police the power of tech giants like Amazon, Apple and Meta.

Do Legacy Admissions Policies Have a Future?
Critics have accused them of boosting white, wealthy college applicants. But elite schools like Harvard may be reluctant to shut a source of alumni cash.

Microsoft and Alphabet Face an Investor Test on AI
Microsoft and Alphabet will report results on Tuesday, as investors look for signs that a rally in stocks tied to artificial intelligence is justified.

Climate Shareholder Activists Rethink Their Fight Amid Setbacks
Climate-focused shareholder activists have scored only a few victories in their efforts to push oil giants to adopt cleaner business strategies.

Investors See Hope for a Debt Limit Deal
Stock and bond trading suggest that investors see an imminent deal to raise the debt limit and prevent the federal government from defaulting.

Carl Icahn’s Proxy Fight With Illumina Comes to a Vote
Shareholders are set to vote on Thursday whether to back the gene-sequencing company’s incumbent board or candidates named by the activist investor.