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CVS Announces It Will Close 900 Stores Over Three Years

CVS Health Corp. announced Thursday that it will close 900 stores over the next three years, or about 10 percent of its locations in the United States, as it shifts to adding more primary-care offices at different sites.

Federal Judge Grants Injunction on Biden’s Oil, Gas Ban on Federal Lands

A federal judge on Monday issued a nationwide injunction on President Joe Biden’s executive order to halt oil and gas operations on all federal lands in the name of fighting so-called climate change.

Panel Urges Restricting U.S. Investment in China Over Security Concerns

Warnings from commission convened by Congress come after Biden and Xi sought to ease tensions

Inflation hits highest level in a decade

Inflation outstripped forecasts and surged above 4 per cent last month to hit its highest level in almost a decade as spiralling energy prices pushed up the cost of living.

Budget group finds Democratic spending bill would add to deficits, endangering centrist support

A new budget projection shows the Democratic climate and social spending bill would add to the deficit, a finding that could further imperil support from centrist Democrats like Sen. Joe Manchin.

Supermarkets Alter Layouts, Use Decoys to Fill Gaps Left by Shortages

Product shortfalls caused by supply-chain bottlenecks are pushing grocers to get creative so consumers aren’t facing empty shelves

Psaki: “We are Not in the Middle of an Historic Economic Crisis Right Now” (VIDEO)

White House Press Secretary Jen Psaki on Monday claimed we are not in the middle of an economic crisis right now.

Inflation Surge Pushes Gold to Five-Month High

Climb in the haven asset accompanies other signs that investors are starting to seek more protection from rising consumer prices and interest rates.

Record 4.4 Million People Quit Their Jobs in September

In August, 4.3 million people — a record number — quit their jobs for a variety of reasons. It was believed that once the labor market began to settle down after the disruptions caused by the pandemic those numbers would ease and the demand for work would catch up with the supply of jobs.

Johnson & Johnson to Split Into Two Companies, Shares Rally

Johnson & Johnson has announced plans to split into two companies, spinning off its consumer health division—which sells products like Band-Aids, Baby Powder, and Listerine—into a separate publicly traded company.

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