Economy - PRESS AI WORLD
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ECONOMY
Elon Musk Becomes the World's First Billionaire to Surpass $500 Billion Net Worth

Elon Musk breaks records as the first person to reach a net worth of over $500 billion, driven by his investments in Tesla, SpaceX, and xAI.

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ECONOMY
Trump Administration Cancels $8 Billion for Climate Projects in Democratic States

The Trump administration has announced an $8 billion cut in funding for climate projects, affecting 16 states primarily led by Democrats.

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ECONOMY
Taiwan Rejects US Proposal for 50-50 Semiconductor Production Split

Taiwan firmly refuses US demands for a 50-50 split in semiconductor production, emphasizing its commitment to maintaining its manufacturing bases.

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ECONOMY
Shein Launches First Permanent Stores in France Amid Controversy

Shein to open its first permanent stores in France, triggering backlash from local retailers over fast fashion concerns.

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ECONOMY
Trump Administration Freezes $18 Billion in New York Infrastructure Funding Amid Federal Shutdown

Trump administration halts $18 billion in funding for New York infrastructure projects, citing "unconstitutional" principles.

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ECONOMY
Walmart to Eliminate Synthetic Dyes and Over 30 Additives from Private Label Foods by 2027

Walmart plans to phase out synthetic dyes and 30 other additives from its store brands by 2027 to align with consumer health trends.

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ECONOMY
Trump Announces Major Drug Price Cuts and Launch of TrumpRx Website with Pfizer

Trump's new deal with Pfizer aims to cut drug prices and launch TrumpRx for direct-to-consumer sales, promoting economic benefits.

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ECONOMY
US Allows South Korean Workers Access via Short-Term Visas After Immigration Raid

US facilitates short-term visas for South Korean workers post-raid, addressing investment and labor needs amid rising tensions.

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ECONOMY
Trump Announces 100% Tariffs on Foreign Films and Furniture, Impacting Global and Indian Cinema

Trump's 100% tariffs on foreign films aim to revive US industries but threaten global cinema and may heavily impact the Indian film market.

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ECONOMY
Trump Imposes New Tariffs on Lumber and Wood Products to Protect Domestic Industry

President Trump announces tariffs on lumber and wood products to bolster the U.S. manufacturing industry and national security.

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