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Luke Vargas on WSJ What’s News
France’s government is preparing to use special constitutional powers or executive orders to force through nearly $50 billion in spending cuts that have sparked violent protests nationwide. Finance Minister Roland Lescure said the bill may change, but France will maintain its goal of a 5% budget deficit to reassure financial markets.Luke Vargas on WSJ What’s News
The Reserve Bank of India raised its benchmark interest rate by 25 basis points to 5.5%, its first increase in four years. The central bank cited surging energy prices linked to fighting in the Middle East and said future increases will depend on growth and inflation.Luke Vargas on WSJ What’s News
U.S. stock futures were near all-time highs after an artificial-intelligence rally pushed the S&P 500 and NASDAQ to record closes. Treasury yields rose as investors awaited the Federal Reserve’s 2:00 p.m. Eastern meeting minutes for clues about inflation risks and possible further rate hikes.Luke Vargas on WSJ What’s News
As U.S. medical costs rise, social-media influencers are urging patients to negotiate bills, delay payment, or allow debts into collections, including over a $20,000 hospital bill for four stitches. The trend follows millions dropping Affordable Care Act plans after subsidies ended and more insured patients choosing high-deductible coverage.Luke Vargas on WSJ What’s News
Shell expects its third-quarter refining margin to reach a record $42 a barrel, up from $24 in the second quarter and above the previous $28 record. Strong diesel and jet-fuel demand and refinery losses tied to Middle East fighting are tightening supplies and boosting profits for refiners.Luke Vargas on WSJ What’s News
Higher interest rates are disrupting commercial real estate deals, with Eastham Capital securing about a $600,000 reduction on a $20 million Midwest apartment purchase after the original terms became unworkable. Lenders are extending troubled loans, but delinquencies and defaults are rising as properties reach refinancing dates.Luke Vargas on WSJ What’s News
Tennessee death-row inmate Christa Pike remained conscious and able to speak after officials halted her execution when two sedative doses failed to render her unconscious. The Tennessee Department of Corrections said protocol was followed, while Governor Bill Lee halted executions and ordered a third-party review.Luke Vargas on WSJ What’s News
The U.S. is pressing Russia for information about a lab worker’s death at an anti-plague institute in Siberia. Russian authorities say she died of pneumonia from an unknown cause, while Governor reports found no microorganisms linked to her work. Secretary of State Marco Rubio urged against speculation.