National Business - The Morning Sun

FILE - A television screen displaying financial news, including the stock price of First Republic Bank, is seen inside one of the bank's branches in New York's Financial District, on March 16, 2023. Customers of the bank pulled more than $100 billion in deposits out of the bank during the March crisis, as fears swirled that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank. (AP Photo/Mary Altaffer, File)

First Republic Bank stock plunges as depositors flee

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First Republic Bank’s stock plunged Tuesday after it said depositors withdrew more than $100 billion during last month’s crisis, with fears swirling that it could be the third bank to fail after … more

By KEN SWEET | 4/25/23

Brazilian President Luis Inacio Lula da Silva attends a business meeting at the Casa America in Madrid, Spain, Tuesday, April 25, 2023. Brazil's President Luiz Inácio Lula da Silva visits Spain on Tuesday on the second stop of a European tour aimed at resetting relations and making progress on a long-delayed trade deal between the EU and the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay. (AP Photo/Manu Fernandez)

Brazil's Lula visits Spain with Mercosur deal on agenda

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Brazilian President Luiz Inácio Lula da Silva has arrived in Spain on the second stop of a European tour aimed at resetting relations and making progress on a trade deal between the European and … more

By JENNIFER O'MAHONY and DAVID BILLER | 4/25/23

An attendee walks past advertisements for upcoming films on the opening day of CinemaCon 2023, the official convention of the National Association of Theatre Owners (NATO) at Caesars Palace, Monday, April 24, 2023, in Las Vegas. The four-day convention runs through Thursday. (AP Photo/Chris Pizzello)

Theater owners group optimistic about future of moviegoing

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John Fithian, the outgoing CEO of the National Association of Theater Owners, assured exhibitors Tuesday at the CinemaCon trade convention that the industry is “off to an incredible start in … more

By LINDSEY BAHR | 4/25/23

Drug for rare form of Lou Gehrig’s disease OK'd by FDA

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U.S. health regulators have approved a first-of-a-kind drug for a rare form of Lou Gehrig’s disease. The Food and Drug Administration approved Biogen's infused drug for patients with a rare genetic … more

By MATTHEW PERRONE | 4/25/23

US officials seek to crack down on harmful AI products

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The federal government will “not hesitate to crack down” on harmful business practices involving artificial intelligence, the head of the Federal Trade Commission warned Tuesday in a message … more

By MATT O'BRIEN | 4/25/23

FILE - Don Lemon attends the 15th annual CNN Heroes All-Star Tribute at the American Museum of Natural History on Sunday, Dec. 12, 2021, in New York. (Photo by Evan Agostini/Invision/AP, File)

CNN's Harlow, Collins pay tribute to fired colleague Lemon

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CNN's Poppy Harlow and Kaitlan Collins paid a brief tribute on Tuesday to fired colleague Don Lemon at the opening of “CNN This Morning” on Tuesday. Lemon was fired after Monday's show, following … more

4/25/23

FILE - Ben Cohen, of Ben and Jerry's Ice Cream, during a rally at the Statehouse in Concord, N.H., Jan. 21, 2015. Cohen has launched a nonprofit cannabis line with the mission of righting what it calls the wrongs of the war on drugs. Eighty percent of the proceeds from Ben's Best Blnz will go toward grants for Black cannabis entrepreneurs while the rest will be divided between the Vermont Racial Justice Alliance and the national Last Prisoner Project, which is working to free people incarcerated for cannabis offenses. (AP Photo/Jim Cole, File)

Ben & Jerry's co-founder starts nonprofit cannabis company

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One of the co-founders of Ben & Jerry’s has gone from ice cream to cannabis with a social mission. Ben Cohen has started Ben’s Best Blnz, a nonprofit cannabis line with the stated mission of … more

4/25/23

FILE - A worker helps set up the Google booth before CES International, in Las Vegas, USA, on Jan. 4, 2020. TikTok, Twitter, Facebook, Google, Amazon and other Big Tech companies are facing rising pressure from European authorities as London and Brussels advanced new rules on Tuesday April 25, 2023, to curb the power of digital companies. (AP Photo/John Locher, File)

Big Tech crackdown looms as EU, UK ready new rules

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TikTok, Twitter, Facebook, Google, Amazon and other Big Tech companies are facing rising pressure in Europe as London and Brussels advanced new rules to curb the power of digital companies. The U.K. … more

LONDON | 4/25/23

In this handout photo released by Russian Defense Ministry Press Service on Tuesday, April 25, 2023, Defense ministers from Russia, Iran, Syria and Turkey attend talks in Moscow, Russia. The talks were part of the Kremlin's efforts to help broker a rapprochement between the Turkish and Syrian governments. (Russian Defense Ministry Press Service via AP)

Moscow hosts more Turkey-Syria rapprochement talks

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Russia’s defense minister has hosted his counterparts from Iran, Syria and Turkey for talks as part of the Kremlin’s efforts to help broker a rapprochement between the Turkish and Syrian … more

By VLADIMIR ISACHENKOV | 4/25/23

FILE - Support beams stabilize an historic farm after a series of small tremors caused by decades of gas extraction, in Hunzinge, in Groningen province, northern Netherlands on Friday, Jan. 19, 2018. Dutch Prime Minister Mark Rutte apologized Tuesday, april 25, 2023 to residents of the northern province of Groningen who have suffered for years from earthquakes caused by gas extraction that damaged thousands of homes and ruined lives. (AP Photo/Peter Dejong, file)

Dutch leader pledges to repay debt to quake-hit region

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Dutch Prime Minister Mark Rutte has apologized to residents of the northern province of Groningen who have suffered for years from earthquakes caused by gas extraction that damaged thousands of homes … more

By MIKE CORDER | 4/25/23

FILE - A traffic light signals green in front of the logos of the Swiss banks Credit Suisse and UBS in Zurich, Switzerland, on March 19, 2023. Swiss banking giant UBS said Tuesday it took in $28 billion of net new money for its wealth management business in the first quarter, with $7 billion of that coming in the days after the announcement of its government-backed takeover of ailing rival Credit Suisse. (Michael Buholzer/Keystone via AP, File)

UBS reaps $28B in new money amid Credit Suisse fallout

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Swiss bank UBS says it took in $28 billion in new money from wealthy clients in the first three months of the year. The Zurich-based bank said Tuesday that $7 billion of that came in the 10 days … more

By JAMEY KEATEN | 4/25/23

A McDonald's restaurant in Havertown, Pa., Tuesday, April 26, 2022. McDonald's reports earnings on Tuesday, April 25, 2023.(AP Photo/Matt Rourke)

McDonald's first quarter sales boosted by higher prices

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McDonald’s reported higher-than-expected sales in the first quarter as store traffic grew despite higher prices. The Chicago burger giant said Tuesday that its global same-store sales rose 12.6% … more

By DEE-ANN DURBIN | 4/25/23

FILE - People walk by Samsung SDI Co.' booth during the InterBattery 2021, the country's leading battery exhibition, at COEX in Seoul, South Korea, on June 9, 2021. General Motors and South Korea’s Samsung SDI plan to invest more than $3 billion in building a new electric vehicle battery cell plant in the United States, the companies said Tuesday, April 25, 2023. (AP Photo/Ahn Young-joon, File)

GM, Samsung plan new EV battery cell factory in US

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General Motors and South Korea's Samsung SDI say they plan to invest more than $3 billion in building a new electric vehicle battery cell plant in the United States. The companies said they were not … more

By TOM KRISHER | 4/25/23

FILE - People look at signs posted outside of an entrance to Silicon Valley Bank in Santa Clara, Calif., Friday, March 10, 2023. In a sign fears about the global financial system have eased for now, major central banks are scaling back their offer of emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about wider troubles. (AP Photo/Jeff Chiu, File)

Central banks end crisis offer as bank system fears ease

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Major central banks are standing down from their offer of daily emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about the … more

By DAVID McHUGH | 4/25/23

A Waymo driverless taxi drives on the street during a test ride in San Francisco, on Feb. 15, 2023. Cruise, a subsidiary of General Motors, and Waymo, a spinoff from Google, both are on the verge of operating 24-hour services that would transport passengers throughout one of the most densely populated U.S. cities in vehicles that will have no one sitting in the driver’s seat. (AP Photo/Terry Chea)

Big US sales push up GM's 1Q profit; company raises guidance

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Strong sales in the U.S. helped General Motors increase its first-quarter net profit 19% over a year ago. The company raised its full-year profit guidance and says it expects demand for its vehicles … more

By TOM KRISHER | 4/25/23

A man walks near a sign of foreign currency outside a money exchange office at a shopping district in Seoul, South Korea, Tuesday, April 25, 2023. Asian stocks were mixed Tuesday after Wall Street edged higher as investors awaited U.S. earnings reports and an update on economic growth.(AP Photo/Lee Jin-man)

Stock markets today: Asia mixed ahead of US earnings

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Asian stocks are mixed after Wall Street edged higher as investors awaited U.S. earnings reports and an update on economic growth. Shanghai and Hong Kong declined while Tokyo advanced. Oil prices … more

By JOE McDONALD | 4/25/23

Coronation plates and cups are displayed for sale in a gift shop in London, Monday, April 24, 2023. The May 6 coronation is luring royal fans and far-flung visitors fascinated by the ceremonial spectacle — and drama — of the monarchy and eager to experience a piece of British history. Tour companies, shops and restaurants are rolling out the red carpet, whether it's a decked-out bus tour of London's top sights boasting high tea or merchandise running from regal to kitschy. (AP Photo/Kin Cheung)

Coronation gives tourism boost, but UK economy still reeling

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The coronation of King Charles III is luring royal fans fascinated by the pageantry, spectacle and drama of the monarchy and far-flung visitors eager to experience a piece of British history. Tour … more

By KELVIN CHAN | 4/25/23

Actor Denzel Washington comes onstage to accept the CinemaCon Lifetime Achievement Award during the Sony Pictures presentation at CinemaCon 2023, the official convention of the National Association of Theatre Owners (NATO) at Caesars Palace, Monday, April 24, 2023, in Las Vegas. (AP Photo/Chris Pizzello)

Sony brings Spider-Verse, Denzel, ‘Napoleon’ to CinemaCon

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Sony chairman and CEO Tom Rothman did not hold back on the opening night of CinemaCon. Speaking to a crowd of theater owners and exhibitors, Rothman reminded them Monday night in Las Vegas that Sony … more

By LINDSEY BAHR | 4/25/23

Former Arkansas Gov. Asa Hutchinson speaks during an interview in his office Wednesday, April 19, 2023, in Rogers, Ark.. (AP Photo/Sue Ogrocki)

Hutchinson's launch highlights Arkansas city of Bentonville

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Asa Hutchinson is launching his bid for president in the northwest Arkansas city where he was born and got his start in politics. But the city of Bentonville is vastly different from the sleepy small … more

By ANDREW DeMILLO | 4/25/23

FILE - Tucker Carlson, host of "Tucker Carlson Tonight," poses for photos in a Fox News Channel studio on March 2, 2017, in New York. (AP Photo/Richard Drew, File)

Carlson latest in string of high-profile Fox News oustings

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Tucker Carlson has been ousted by Fox News, where he hosted the conservative cable network’s most popular program. Carlson is the latest high-profile figure to be forced out. Others who had a … more

4/24/23