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New York Times business news - July 16

PRESS DIGEST- New York Times business news - July 16 July 16 (Reuters) - Following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Donald Trump selected J.D. Vance, a Republican U.S. senator from Ohio, as his running mate , elevating a politician who once criticized the former president in acid terms but has since become one of his most stalwart defenders.
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Musk plans to commit around $45 million a month to new pro-Trump super PAC, WSJ reports

Musk plans to commit around $45 million a month to new pro-Trump super PAC, WSJ reports WASHINGTON, July 15 (Reuters) - Billionaire Elon Musk has said he plans to commit around $45 million a month to a new pro-Trump super PAC, the Wall Street Journal reported on Monday, citing people familiar with the matter. Musk has reportedly contributed to the America PAC.
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Musk Sets A Year-End Deadline For Progress On 4680 Battery - The Information

BRIEF-Musk Sets A Year-End Deadline For Progress On 4680 Battery - The Information July 15 (Reuters) - MUSK SETS SET A YEAR-END DEADLINE FOR PROGRESS ON 4680 BATTERY- THE INFORMATION Source text: https://tinyurl.com/2ac8ksqs Further company coverage: TSLA.O
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U.S. STOCKS Morgan Stanley, Datadog, Berkshire Hathaway

BUZZ-U.S. STOCKS ON THE MOVE-Morgan Stanley, Datadog, Berkshire Hathaway Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street jumped in upbeat trading on Monday, on a greater chance of presidential candidate Donald Trump winning a second term after surviving an assassination attempt, while interest-rate cut hopes also aided market sentiment.
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Musk signals delays to robotaxi unveiling for key design change

UPDATE 2-Musk signals delays to robotaxi unveiling for key design change Adds background, details on possible delay throughout July 15 (Reuters) - Tesla TSLA.O CEO Elon Musk on Monday signaled the automaker would take more time to unveil its robotaxi so it can incorporate an important design change to the front of the vehicle and "show off" some other things.
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Musk says he requested extra time for design change to robotaxi

Musk says he requested extra time for design change to robotaxi July 15 (Reuters) - Tesla CEO Elon Musk TSLA.O has requested for an important design change to the front of the robotaxi and extra time to show off some other things, he said on a post on X on Monday. Musk did not disclose when the company would hold an event to launch its robotaxi. Bloomberg News reported last week that the event, originally set to be held on Aug.
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Musk On Tesla Robotaxi Requested An Important Design Change To Front & Extra Time Allows Us To Show Off Few Other Things - X Post

BRIEF-Musk On Tesla Robotaxi Requested An Important Design Change To Front & Extra Time Allows Us To Show Off Few Other Things - X Post July 15 (Reuters) - MUSK ON TESLA ROBOTAXI: REQUESTED WHAT I THINK IS AN IMPORTANT DESIGN CHANGE TO FRONT & EXTRA TIME ALLOWS US TO SHOW OFF FEW OTHER THINGS - X POST Source text: https://tinyurl.com/zx7729e3 Furth
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Tesla surges as Musk's Trump endorsement boosts hope for self-driving tech approval

BUZZ-Tesla surges as Musk's Trump endorsement boosts hope for self-driving tech approval Updates ** Electric automaker Tesla's shares TSLA.O rise 5 .2 % to $26 1 .2 2 * * TSLA fell 1.3% in the week ended July 12 after rising over 27% in the prior seven-day period ** Company's CEO Elon Musk publicly endorsed Donald Trump on X for the U.S. presidential race ** Endorsement came after assassination attempt on Trump at a rally in Pennsylvania on Saturday * * TSLA is delaying the launch of its robotax
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U.S. STOCKS Health insurance firms, Super Micro, Datadog

BUZZ-U.S. STOCKS ON THE MOVE-Health insurance firms, Super Micro, Datadog Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Dow hit a record high in Wall Street's upbeat trading on Monday, on a greater chance of presidential candidate Donald Trump winning a second term after surviving an assassination attempt, while interest-rate cut hopes also aided sentiment.
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Tesla Inc TSLA.OQ +4.8% Baker Hughes Co BKR.OQ +4.4% Charter Communications Inc CHTR.OQ +3.7% Old Dominion Freight Line Inc ODFL.OQ +3.4% Fastenal Co FAST.OQ +3.3% Bottom Performers Percent Change PDD Holdings Inc PDD.OQ -2.4% Dollar Tree Inc DLTR.OQ -2.3% Xcel Energy Inc XEL.OQ -2.1% Ross Stores Inc ROST.OQ -1.9% Biogen Inc BIIB.OQ -1.9% The Nasdaq 100 .NDX gained 163.39 points,
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S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT S&P 500 .SPX Top Performers Percent Change Steel Dynamics Inc STLD.OQ +4.9% Halliburton Co HAL.N +4.8% Tesla Inc TSLA.OQ +4.6% Axon Enterprise Inc AXON.OQ +4.6% APA Corp (US) APA.OQ +4.5% Bottom Performers Percent Change AES Corp AES.N -9.4% First Solar Inc FSLR.OQ -8.4% Center
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Wall Street gains as investors bet on second Trump term

US STOCKS-Wall Street gains as investors bet on second Trump term For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Trump Media, crypto stocks, prison operators jump Goldman Sachs, BlackRock edge higher after results Macy's falls after ending discussions with Arkhouse and Brigade Health insurance stocks gain Indexes up: Dow 0.50%, S&P 0.42%, Nasdaq 0.51% Updated at 9:49 a.m.
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Italy, Spain back EU duties on China-built EV imports

UPDATE 1-Italy, Spain back EU duties on China-built EV imports Updates with Sweden BRUSSELS, July 15 (Reuters) - Italy and Spain are backing European Union tariffs on imports of China-built electric vehicles, government sources said ahead of a Monday midnight deadline for all 27 EU members to take their stand on the matter. The vote is non-binding, but it could influence the final conclusion of the European Commission, which oversees the bloc's trade policy.
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Trump Media, gun stocks surge after assassination attempt

UPDATE 5-Trump Media, gun stocks surge after assassination attempt Updates price moves, adds details on Trump's pick for vice president, paragraphs 10-11 Trump's survival of assassination attempt boosts his lead over Biden in betting odds Shares of gun stocks, private prison operators surge on expectations of Trump victory Clean-energy stocks fall on potential reversal of climate policies By Medha Singh, Noel Randewich July 15 (Reuters) - Crypto stocks, gun stocks and shares of other companies t
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Wall Street set to rise as investors bet on second Trump term

US STOCKS-Wall Street set to rise as investors bet on second Trump term For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Trump Media, crypto stocks, prison operators jump Goldman Sachs, BlackRock edge higher after results Macy's falls after ending discussions with Arkhouse and Brigade Russell 2000 futures jump Futures rise: Dow 0.51%, S&P 500 0.37%, Nasdaq 0.37% Updated at 8:50 a.m.
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Futures rise on higher odds of Trump victory after shooting

US STOCKS-Futures rise on higher odds of Trump victory after shooting For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Trump Media, crypto stocks, prison operators jump Goldman Sachs Q2 profit jumps BlackRock jumps after assets hit record high Futures up: Dow 0.61%, S&P 500 0.50%, Nasdaq 0.59% Updated at 7:30 a.m.
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U.S. STOCKS Tesla, Trump-linked stocks, BlackRock

BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Trump-linked stocks, BlackRock Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures rose on Monday on higher odds of presidential candidate Donald Trump winning a second term after surviving an assassination attempt, while interest rate cut hopes continued to lift sentiment.
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Musk may ditch the 4680 battery; imposed year-end deadline to cut costs - The Information

MEDIA-Musk may ditch the 4680 battery; imposed year-end deadline to cut costs - The Information -- Source link: https://tinyurl.com/2ac8ksqs -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Tesla's UK lawsuit for 5G patents licence thrown out by UK court

UPDATE 1-Tesla's UK lawsuit for 5G patents licence thrown out by UK court Adds details in paragraphs 3-4, 6 LONDON, July 15 (Reuters) - U.S. technology firm InterDigital and a patent licensing platform on Monday won their bid to throw out a London lawsuit by Tesla TSLA.O , which was seeking a patent licence ahead of the automaker's launch of 5G vehicles in Britain.
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U.S. stocks weekly: Rotation

RPT-BUZZ-U.S. stocks weekly: Rotation Repeats from Friday with no changes to text. Updates chart ** S&P 500 .SPX rises second straight week, gains 0.9% on bolstered rate cut hopes .N ** Benchmark U.S. 10-Year Treasury yield US10YT=RR hit four-month low after surprise fall in Jun inflation, reinforcing expectations the Fed will begin cutting rates in Sept ** Dow Industrials .DJI 40k or bust?
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