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The stimulus’s $349 billion program to pay workers at struggling small businesses, explained

The stimulus’s $349 billion program to pay workers at struggling small businesses, explained

The $2.2 trillion stimulus package passed by Congress and signed by President Donald Trump on March 27 is probably best known for the $1,200 checks it authorizes for most American adults. Its second-most prominent component might be the $600-per-week increase it provides to unemployment insurance. But bigger than either of those programs in dollar terms…
A staggering 1 billion animals are now estimated dead in Australia’s fires

A staggering 1 billion animals are now estimated dead in Australia’s fires

As fires continue to rip through Australia, some devastating numbers are emerging: At least 24 people killed. More than 15.6 million acres torched. Over 1,400 homes destroyed. And, according to one biodiversity expert’s count, an estimated 1 billion animals killed. That last number is staggeringly huge, and has begun to make the rounds on social…
Baby Yodas don’t come cheap: The streaming wars will cost Disney, Netflix, and WarnerMedia $16 billion

Baby Yodas don’t come cheap: The streaming wars will cost Disney, Netflix, and WarnerMedia...

We don’t know who is going to win the Streaming Wars in the long run. In the short run, though, the Streaming Wars look very good for you, if you like to watch TV and don’t mind going to different places to find the stuff you want. But these wars look like they’ll be very,…
The makers of OxyContin may have tried to hide $1 billion in assets

The makers of OxyContin may have tried to hide $1 billion in assets

As lawsuits mount against the company responsible for making OxyContin — a drug blamed for helping to spark the nation’s opioid crisis — New York Attorney General Letitia James said on Friday that the family behind the company may have attempted to hide at least $1 billion in assets. The allegation could lead to the…
In a victory for Trump, the Supreme Court frees up $2.5 billion for the border wall

In a victory for Trump, the Supreme Court frees up $2.5 billion for the...

Donald Trump was handed a major victory on his signature issue — building a wall on the US-Mexico border — on Friday, as the US Supreme Court approved the use of $2.5 billion in military funding for the purposes of wall construction. In a 5-4 decision on Friday, the Supreme Court overturned two decisions by…
You probably haven’t heard of Nubank. But it could be a $10 billion company, so you should.

You probably haven’t heard of Nubank. But it could be a $10 billion company,...

Not many people in the US are familiar with Nubank, a digital bank that has become the most valuable startup in Latin America by extending credit cards to the unbanked and challenging the financial system of one of the world’s biggest markets, Brazil. But Nubank is trying to become one of the most valuable financial…
Impossible Foods’ meatless burgers have made it a $2 billion company

Impossible Foods’ meatless burgers have made it a $2 billion company

Impossible Foods, the alternative meat company that makes the Impossible Burger, announced today that it has raised an additional $300 million to take plant-based meat mainstream. The new round of funding was first reported by Reuters. It’s a big fundraising haul — and reflects that there’s intense investor demand right now for alternatives to conventional…
Senators on Facebook’s potential $5 billion fine: not good enough

Senators on Facebook’s potential $5 billion fine: not good enough

A bipartisan pair of US Senators is calling for federal regulators to crack down on Facebook. Sens. Richard Blumenthal (D-CT) and Josh Hawley (R-MO) on Monday sent a letter to the Federal Trade Commission, which is currently investigating Facebook’s handling of user data and potential privacy violations. In it, they called Facebook’s expected settlement of…
Trump will reportedly ask Congress for another $8.6 billion to build the wall

Trump will reportedly ask Congress for another $8.6 billion to build the wall

President Donald Trump won’t let up on the border wall, and is reportedly set to ask Congress for $8.6 billion to deliver on his signature campaign promise — even after his smaller border-security ask prompted the longest shutdown in American history. Despite continued congressional resistance, Trump plans to submit a budget request to Congress tomorrow…
Bill Gates: I’ve paid $10 billion in taxes. I should have paid more.

Bill Gates: I’ve paid $10 billion in taxes. I should have paid more.

In a Reddit “Ask Me Anything” Monday, Bill Gates solicited questions from the internet and answered dozens of them, from serious questions about the future of philanthropy to silly ones about his favorite prime number (it’s 2). Gates, the founder of Microsoft and for many years the richest man in the world, has along with…

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