Business and finance news from Guardian US
Business
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Dow Jones sinks more than 1,100 points as S&P closes down 4%, its largest fall since June 2020, and Nasdaq loses 4.7%
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After his company acquired Daraprim, it raised price of the life-saving drug by 5,000%, prompting national outcry
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Company has already reportedly pushed back by trying to use union dues as a tactic to deter workers from supporting the union
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Enormous energy consumption has barely reduced despite $1tn being wiped off the sector
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In depth
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Analysis: UK among hardest-hit countries thanks to perfect storm of war in Ukraine, Covid and Brexit
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After the crash of the ‘stablecoin’ sparked panic, could the fall of the wider crypto market lead to a more permanent economic crunch?
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Apple is no longer the most valuable company, Meta took a $230bn hit, Amazon reported its first loss since 2015, but a slump ‘is a big question mark’
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140bn metric tons of planet-heating gases could be unleashed if fossil fuel extraction plans get green light, analysis shows
Around the world
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Move follows warning from head of UN World Food Programme about high prices leading to social unrest
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Group warns of ‘cascade of export bans’ amid failure to ease grain bottlenecks fuelling shortages and inflation, MHP said
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City’s mayor reopens Bank branch of the Northern line after 17 weeks of closure for upgrade
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French carmaker joins other western firms leaving Russian market, with option to return within six years
Featured topics
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Large corporations are passing on higher-than-needed price increases to customers under the cover of inflation, war and supply chain squeezes, experts say
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