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Stock market closes on doorstep of record territory as investors focus on bright side of weak private-sector hiring

All three major U.

All three major U.S. stock indexes finished with back-to-back gains on Wednesday, with investors using November’s unexpectedly weak private-sector hiring report to solidify expectations for a quarter-point interest-rate cut from the Federal Reserve next week.

MarketWatch - Top Stories • Dec 3, 10:06 PM

#markets #finance #ai #trading

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Trump to Ease Mileage Rules in Bid to Curb Car Prices

Bloomberg News Auto Reporter Keith Naughton joins Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to discuss the auto industry's reaction to President Donald Trump easing mileage rules, saying that auto makers are saving billions of dollars since they no longer face penalties for failing to meet fuel economy standards.

Bloomberg News Auto Reporter Keith Naughton joins Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to discuss the auto industry's reaction to President Donald Trump easing mileage rules, saying that auto makers are saving billions of dollars since they no longer face penalties for failing to meet fuel economy standards. (Source: Bloomberg)

Bloomberg Politics • Dec 3, 10:04 PM

#ai #government #automotive #policy #regulatory

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Former FDA Commissioners Raise Alarm Over New Vaccine Policy

The US Food and Drug Administration’s new vaccine approval philosophy upends established regulatory practices and could put the health and safety of Americans at risk, according to an article written by a dozen of the agency’s former leaders.

The US Food and Drug Administration’s new vaccine approval philosophy upends established regulatory practices and could put the health and safety of Americans at risk, according to an article written by a dozen of the agency’s former leaders.

Bloomberg Politics • Dec 3, 10:04 PM

#policy #government #regulatory #ai

REG

Trump Calls Witkoff’s Meeting With Putin ‘Reasonably Good’

President Donald Trump said a meeting between his envoy Steve Witkoff and Russian President Vladimir Putin was “reasonably good” but acknowledged he doesn’t know what the outcome will be after successive rounds of talks over a deal to end the fighting in Ukraine.

President Donald Trump said a meeting between his envoy Steve Witkoff and Russian President Vladimir Putin was “reasonably good” but acknowledged he doesn’t know what the outcome will be after successive rounds of talks over a deal to end the fighting in Ukraine.

Bloomberg Politics • Dec 3, 10:04 PM

#government #regulatory #ai #policy

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University of California Selling Munis After August Deal Shelved

The University of California is prepping a $2 billion municipal bond sale, reviving a deal that it shelved in August amid a high-stakes confrontation with the Trump administration over frozen federal research funds.

The University of California is prepping a $2 billion municipal bond sale, reviving a deal that it shelved in August amid a high-stakes confrontation with the Trump administration over frozen federal research funds.