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Good afternoon. Here’s what you should know today, Sept. 14: |
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The public viewing of Queen Elizabeth II’s coffin began in London A new market for green tax credits is forming Top U.S. universities are struggling to enroll low-income students |
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| Unions representing U.S. railroad workers have threatened to strike if a labor deal isn’t reached before a Friday deadline. PHOTO: TANNEN MAURY/SHUTTERSTOCK |
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1. A potential freight railroad strike that would disrupt goods moving across the U.S. hinges on a dispute over attendance policies, not pay. |
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Rail company and union leaders are meeting with Labor Secretary Marty Walsh today, part of an effort to broker a deal before Friday’s 12:01 a.m. deadline. Amtrak announced it would suspend all long-distance train services tomorrow to avoid potential disruptions. A work stoppage could fuel more inflation, according to economists and business groups. Congress can intervene to delay or stop any strike. From trains to automobiles: Ford released strict new rules for U.S. dealers looking to sell its electric vehicles, including requiring no-haggle prices and upfront investment in chargers. The car maker said it will stick with a gas engine for its new Mustang. |
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Tesla Shifts Battery Strategy as It Seeks U.S. Tax Credits (Read) Battery Recycling Race Heats Up After Inflation Reduction Act (Read) |
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2. California is suing Amazon, claiming its deals with third-party sellers and wholesalers inflated prices and stifled competition, in the company’s biggest U.S. legal challenge. |
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The antitrust suit seeks to block the contracts and appoint a compliance monitor, as well as $2,500 per alleged violation. Amazon didn’t immediately respond to a request for comment. Meanwhile, an EU court largely upheld a 2018 decision to fine Google $4.33 billion for alleged competition violations related to its Android mobile phones. A spokesman expressed disappointment the court didn’t annul the decision in full and said Android has created more industry competition. |
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Walmart and Target Urge Lawmakers to Pass Bill Taking Aim at Visa and Mastercard Fees (Read) More Self-Checkout Is Coming, No Matter How Much You Hate It (Read) Inflation for U.S. Suppliers Remained Elevated in August (Read) High Inflation Brings Changes to Your Tax Bill (Read) |
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3. The climate law has sparked a new market for trading green tax credits. |
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Bankers, lawyers and advisers are trying to figure out how to funnel tax breaks from energy companies to corporations without direct investments in renewable power. As part of the Inflation Reduction Act, Congress last month expanded the credits and made them transferable. The sales mark a shift in the U.S. strategy for attracting public and private capital to renewable-energy projects. The deals won’t start in earnest until 2023. |
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Bill Aimed at Helping Preserve Local Journalism Is Mired in Content Debate (Read) Senate Democrats Struggle to Get Republican Support on Same-Sex Marriage Bill (Read) MyPillow CEO Mike Lindell Says FBI Seized His Phone at a Hardee’s Drive-Through (Read) |
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4. The royal family united to take Queen Elizabeth II’s coffin from Buckingham Palace to Westminster Hall for public viewing. |
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Four days of lying in state will mark the next period of national mourning for the U.K., culminating in Monday’s state funeral, which is expected to draw a million people and heads of state from around the world. The line to enter the historic building was nearly 3 miles long by the time it was opened to the public. |
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When Marking the Death of the Queen, Companies Make It Up as They Go Along (Read) 🎥 ‘I Hate This’: King Charles III Gets Frustrated Over Pen in Northern Ireland (Watch) Remembering the Reign of Queen Elizabeth II in 7 Books (Read) |
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5. Ukrainian President Volodymyr Zelensky made his first trip to the Kharkiv region since forces recaptured thousands of square miles of Russian-held territory there. |
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With the visit highlighting the country’s battlefield gains, Kyiv hopes to encourage Western backers to send more military and financial aid. Meanwhile, eight Russian missiles struck water infrastructure in Zelensky’s hometown of Krivyi Rih in what appeared to be an attempt to flood the city or leave it without water, Ukrainian officials said. Zelensky accused Moscow of waging war against civilians. |
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In Russian Border City, Pro-Kremlin Ukrainians and Soldiers Regroup After Retreat From Ukraine (Read) Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan to Meet Amid Questions Over Ukraine Grain Deal (Read) White House Plans to Appoint Lynne Tracy as Ambassador to Russia (Read) 🎥 How China and India Help Russia’s Economy by Buying Oil (Watch) |
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