U.S. to Raise Tariffs on $16 Billion of China Goods on Aug. 23

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The U.S. said it will begin imposing 25 percent duties on an additional $16 billion in Chinese imports in two weeks, escalating a trade war between the world’s two biggest economies. Customs will begin collecting the duties on 279 product lines, down from 284 items on the initial list, as of Aug. 23, the U.S. […]

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Zero-Sales Biotechs May Damage Your Financial Health

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China's biotech unicorns are chasing a big prize. Landing it may prove elusive. BeiGene Ltd. raised $903 million in a secondary listing in Hong Kong last week. The company’s market value has swelled to $9.4 billion since its 2016 initial public offering on the Nasdaq, despite the firm being at the “clinical stage”– a euphemism for having sales. Competitor […]

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Elon Musk Stumbles Into a Good Point

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Today’s Agenda Tesla really should just go private. America’s health-care system is at stake in the midterm elections. The Trump administration is blowing its AT&T/Time Warner appeal. Starbucks thinks China will come out of the trade war in good shape. Maybe job tenure shouldn’t just be a thing for college professors. Why the heck not? […]

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Trump, Juncker Tout Deal Pulling Back From U.S.-EU Trade War

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President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new tariffs while negotiating over trade, pulling the U.S. and Europe back from the edge of a transatlantic trade war. The leaders pledged to expand European imports of U.S. liquefied natural gas and soybeans and both vowed to lower industrial tariffs, excluding autos. […]

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China Just Handed the World a 111-Million-Ton Trash Problem

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Few people consider used plastic to be a valuable global commodity. Yet China has imported 106 million tons of old bags, bottles, wrappers and containers worth $57.6 billion since 1992, the first year it disclosed data. So when the country announced last year that it finally had enough of everybody else's junk, governments the world over knew they had a […]

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New Destinations for Philippine Workers Are Russia, China

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Source: Philippine Overseas Employment Administration Note: Latest available data as of 2016 With exports faltering and stocks suffering outflows, officials are banking on remittances to help stabilize the peso, Asia’s worst-performing currency this year. The peso has lost more than 4 percent against the dollar in 2018. The Middle East remains the largest destination for […]

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Electric Buses Are Hurting the Oil Industry

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About 279,000 barrels a day of fuel won’t be needed this year China adds a London-sized electric bus fleet every five weeks Source: Bloomberg New Energy Finance For every 1,000 battery-powered buses on the road, about 500 barrels a day of diesel fuel will be displaced from the market, according to BNEF calculations. This year, […]

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The Rich Are Betting On Living to 100

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survey, 53 percent of wealthy investors said they expected to live to 100. Hitting triple digits won’t be easy, but it’s not as outlandish as it used to be. The average Japanese woman now has a life expectancy of 87, OECD study in the Journal of the American Medical Association found. For men, the gap […]

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