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Thread: Business news 2019

  1. #161
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    Trump said his 25% tariffs would be paid by the Chinese, not by Americans. He was wrong, just as he was wrong when he said his proposed border wall would be paid for by Mexico.

    US Steel has lost 70% of its market value since Trump slapped steep tariffs on the metal last year

    https://markets.businessinsider.com/...9-7-1028335826

  2. #162
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    France failed to persuade other European Union countries to impose a Europe-wide tax on Amazon, Apple, Facebook and Google so France is going it alone, enacting a 3% annual levy on the French revenue of the tech giants.

    France adopts tax on tech giants despite US threat of tariffs

    https://www.latimes.com/business/la-...711-story.html

  3. #163
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    Would a pharmaceutical company really push a product it knew to be highly addictive and often deadly? No, no – not any more than tobacco companies would push a product they knew to be highly addictive and often deadly.

    Johnson & Johnson ran 'cunning' scheme to market opioids, attorney says
    Oklahoma state attorney general is suing company for $17 billion to fund treatment and offset other costs of the opioid epidemic.

    https://www.theguardian.com/us-news/...torney-general

  4. #164
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    Amazon offers a free 30-day trial of Amazon Prime. The offer may have looked good on paper when it was first proposed but it isn't working out the way Amazon expected.

    People are canceling their Amazon Prime membership after browsing Prime Day deals, revealing a flaw in the sales bonanza

    https://www.businessinsider.com/peop...y-deals-2019-7

  5. #165
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    Joseph DePinto is the CEO of 7-Eleven and the Chairman of restaurant operator Brinker International. He sits on the board of directors of nine other companies – and he knows a brilliant opportunity to obtain favorable publicity when he sees it.

    7-Eleven is giving $7,111 in college fund money to a baby born on 7/11 at 7:11 p.m.

    https://www.businessinsider.com/7-el...-july-7-2019-7

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