SCOTUS Ruling A Setback For Trump’s Democrat Opponents

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Uber and Lyft agree to pay drivers $32.50 per hour in Massachusetts settlement

( ) -q-21- UNDATED (Correspondent Jeremy House) “the two companies.”

Massachusetts Attorney General Andrea Campbell says drivers for Uber and Lyft will earn a minimum pay standard of $32.50 per hour under a settlement.

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TAG: Correspondent Jeremy House reporting. Campbell adds the settlement also stops the threat of Uber and Lyft’s attempt to rewrite state employment law by a proposed 2024 ballot initiative.

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VERBATIM: The two companies will also be required to pay a combined $175 million to the state to resolve allegations that the company violated Massachusetts wage and hour laws. A substantial majority of of that amount will be distributed to current and former drivers. Campbell says the settlement resolves her office’s yearslong litigation against the two companies.

US sanctions Boeing for sharing information about 737 Max 9 investigation

( ) -q-24- UNDATED (Correspondent Jeremy House) “in Portland, Oregon.”

Boeing is being sanctioned by U.S. investigators for sharing information about the 737 Max 9 door plug investigation.

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TAG: Correspondent Jeremy House reporting. During the incident, a panel that plugged a space left for an extra emergency door blew off an Alaska Airlines Max 9. Pilots were able to land safely, and there were no injuries.

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VERBATIM: The National Transportation Safety Board says Boeing “blatantly violated” the agency’s investigative regulations. The NTSB says Boeing also violated a signed agreement by providing non-public investigative information to the media. Boeing is accused of speculating about possible causes of the January fifth door plug blowout on a company passenger jet in Portland, Oregon.

Walgreens to take a hard look at underperforming stores, could shutter hundreds more

( ) -q-20- UNDATED (Correspondent Jeremy House) “those 21-hundred stores.”

Walgreens is finalizing a plan to fix its business that could result in the closure of hundreds of additional stores in the next three years.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: CEO Tim Wentworth says “changes are imminent” for about 25% of the company’s stores, which he claims are underperforming. The drugstore chain currently runs more than 8,600 stores in the United States. Wentworth said the company’s plan could include the closing of a “significant portion” of those 2,100 stores.

AM SPORTSCAST 6-28

AM SPORTSCAST 6-28

Former Israeli Ambassador To U.S. Says Weapons Delays Embolden Hamas

Arizona GOP Congressman Says Hispanics Shifting Toward Trump

High Court Puts EPA’s “Good Neighbor” Downwind Rule On Hold

SCOTUS: SEC Must Allow Trials For Those Accused Of Securities Fraud

US econ growth for last quarter is revised up slightly to 1.4% annual rate

( ) -q-25- UNDATED (Correspondent Jeremy House) “in business inventories.”

The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: The Commerce Department had previously estimated that the gross domestic product advanced at a 1.3% rate last quarter. Consumer spending grew just 1.5%, down from an initial estimate of 2% in a sign that high interest rates may be taking a toll on the economy. Still, the report showed that the January-to-March slowdown was caused mainly by two factors…a surge in imports and a drop in business inventories.

Southwest Airlines projects weak pricing power in Q2

Southwest Airlines says a key revenue ratio will be weaker than expected in the second quarter because of changes in how consumers book travel. That’s not good news for Southwest, which is already under pressure from a hedge fund to make big changes, including getting rid of the CEO. Southwest says second-quarter revenue will rise as it adds more flights. But on a per mile basis, revenue will decline more than Southwest previously thought. That’s a sign of weak pricing power.

Poles seek safety in gold investments across their eastern borders

( ) -q-20- UNDATED (Correspondent Jeremy House) “gold remains steady.”

Russia’s war against Ukraine has led many people in neighboring Poland to invest in gold.

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TAG: Correspondent Jeremy House reporting. In Poland, gold’s allure is intertwined with the enduring trauma of World War II, when having gold could ensure survival.

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VERBATIM: While the war is far to the east, gold investors feel the precious metal offers them safety at a time of instability. The demand peaked first during the COVID-19 pandemic, and then when Russia invaded Ukraine in 2022. Now, more than two years into the war, the demand for gold remains steady.

Another walkout by British doctors

( ) -q-19- UNDATED (Correspondent Jeremy House) “concern for voters.”

Thousands of doctors in England are staging their 11th walkout in a long-running dispute with the government over pay and working conditions.

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TAG: Correspondent Jeremy House reporting. Junior doctors have been locked in the pay dispute with the government since late 2022. The latest strike began Thursday and ends next Tuesday. That’s just two days before voters go to the polls to choose a new House of Commons.

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VERBATIM: The five-day strike by junior doctors in the early years of their careers comes just a week before the U.K. general election and shines a spotlight on the troubles besetting the National Health Service. Waiting lists for patients are at record highs. Polls show that the woeful state of public health is a top concern for voters.

Sean Spicer Explores “Trump’s Front Row Joes” In New Documentary

American Enterprise Scholar Blasts US Criticism Of Israel At UN

SCOTUS Rejects Case To Prohibit Government Influence On Social Media Posts

All eyes are on Nvidia’s stock, so what’s been going on?

( ) -q-28- UNDATED (Correspondent Jeremy House) “a minor slump.”

Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: Early last week, Nvidia overtook Microsoft as Wall Street’s most valuable public company. Then it fell 13% over three days, its worst such stretch since 2022. Any stock that climbs as much as Nvidia has _ up more than 1,000% since the autumn of 2022 _ is vulnerable to some of its investors selling shares in order to lock in some profits. That earlier run makes a 13% drop over three days look like a minor slump.

EU: Microsoft breached antitrust rules by bundling Teams with office software

European Union regulators have accused Microsoft of “possibly abusive” practices that violate the bloc’s antitrust rules.

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TAG: Correspondent Jeremy House reporting. Microsoft has since stopped packaging teams with Office in Europe but the commission said it’s not enough. Microsoft President Brad Smith said the company will work to find solutions to address the Commission‘s remaining concerns.”

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VERBATIM: It’s alleged that Microsoft tied its Teams messaging and videoconferencing app to its widely used business software. The European Commission said it’s concerned the U.S. tech giant has been “restricting competition” by bundling Teams with its core office productivity applications such as Office 365 and Microsoft 365. The commission said it suspects Microsoft might have granted Teams a “distribution advantage.”

Midwestern carbon dioxide pipeline project gets approval in Iowa

Iowa regulators have approved a controversial carbon dioxide pipeline for transporting emissions of the greenhouse gas for storage underground.

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TAG: Correspondent Jeremy House reporting. Farmers and the ethanol industry see the pipeline as a way to support new aviation fuel markets. Many landowners are opposed because they fear the taking of their land or a pipeline rupture releasing dangerous CO2 gas.

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VERBATIM: Regulators have approved Summit Carbon Solutions’ application for a permit to build and operate its pipeline. The $5.5 billion, 2,500-mile pipeline network would carry CO2 emissions from dozens of ethanol plants to be buried deep underground in North Dakota. But the project faces setbacks in other states and landowners around the Midwest.

“Sleight Of Hand”: Cotton Says Biden Misleading On Aid To Israel

Pompeo Says Biden Fear Of Escalation Eroding U.S. Deterrence

Canada to start 30-day consultation to impose surtax on Chinese EVs

( ) -q-24- UNDATED (Correspondent Jeremy House) “EVs this summer.”

Canada’s government is investigating whether to impose a surtax on imports of Chinese-made electric vehicles.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: A 30-day consultation on the issue will begin July 2. The consultation purpose is to counter what Deputy Prime Minister Chrystia Freeland says is a clear effort by Chinese companies to generate a global oversupply. Canada’s move comes weeks after both the United States and the European Commission announced plans to impose higher import tariffs on Chinese EVs this summer.