Business
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Biogen Agrees to Pay $900 Million to Settle Lawsuit Over Kickbacks
The pharmaceutical company Biogen has agreed to pay $900 million to settle federal and state claims that it paid kickbacks…
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Why a Weak British Pound Matters
The British pound on Monday briefly hit a record low against the dollar, extending losses after Britain’s new government on…
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A ‘Nightmare’ for Forecasters: Here’s Why Hurricanes Are Getting Stronger, Faster
Early on Monday, Hurricane Ian was a tropical storm with heavy rain and winds of at least 73 miles per…
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The Dollar Is Strong. That Is Good for the U.S. but Bad for the World.
The Federal Reserve’s determination to crush inflation at home by raising interest rates is inflicting profound pain in other countries…
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European Political Turmoil Roils Global Markets
Kwasi Kwarteng, Britain’s chancellor of the Exchequer, promised more ambitious fiscal policies were coming.Credit...Toby Melville/ReutersEuropean ...
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TikTok Seen Moving Toward U.S. Security Deal, but Hurdles Remain
The Biden administration and TikTok have drafted a preliminary agreement to resolve national security concerns posed by the Chinese-owned video…
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Factory Jobs Are Booming Like It’s the 1970s
WASHINGTON — Ever since American manufacturing entered a long stretch of automation and outsourcing in the late 1970s, every recession…
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While You’re in the Air, Pilots’ Key Partners May Be Working From Home
Millions of people boarded flights this summer, eager for an escape more than two years into a stifling pandemic. What…
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The Week in Business: The Fed Hits the Brakes
Credit...Giacomo BagnaraWhat’s Up? (Sept. 18-24) Central Banks Forge Ahead At the Federal Reserve’s much-anticipated meeting on Wednesday ...
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Dodging Blackouts, California Faces New Questions on Its Power Supply
California finds itself on edge more than ever with a lingering fear: the threat of rolling blackouts for years to…