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Tesla lagging on Model 3 production, workers say

SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) is not producing enough Model 3s per shift to reach the 5,000 per week target that Chief Executive Officer Elon Musk said it would reach by Saturday, three line workers at the company’s Fremont, California, assembly plant told Reuters this week. The company was able…

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Amazon to buy PillPack in potentially disruptive drug retail push

(Reuters) – Amazon.com Inc said on Thursday it would buy small online pharmacy PillPack, a move that will put the world’s biggest online retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers. The deal’s potential to disrupt major players across the drug supply chain nationwide prompted a sell-off…

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Trump lauds Taiwan’s Foxconn, threatens Harley on Wisconsin trip

MT. PLEASANT, Wis. (Reuters) – U.S. President Donald Trump praised Taiwanese high-tech company Foxconn and vaguely threatened U.S. motorcycle maker Harley-Davidson on a campaign-style trip on Thursday to Wisconsin, a state that supported him in the 2016 election. Against a backdrop of a growing trade conflict between the United States and China,…

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U.S. manufacturers, steel makers battle over tariff relief

(Reuters) – The flood of requests from U.S. manufacturers with the Commerce Department to exempt them from the Trump administration’s hefty tariffs on steel and aluminum imports is exposing competitive information to rivals, customers and U.S. metal producers. FILE PHOTO: A Nucor Corporation steel production facility is pictured in Convent, Louisiana, U.S.,…

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Wall Street advances with help from technology, financials

NEW YORK (Reuters) – U.S. stocks rose on Thursday as technology and other growth sectors rebounded from the prior day’s declines and financial shares snapped a 13-day losing streak. The technology sector rose 1.1 percent, adding the most gains to the S&P 500. The sector’s top gainer was consulting firm Accenture PLC,…

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Fox shareholders to vote on Disney’s offer on July 27

(Reuters) – Twenty-First Century Fox Inc (FOXA.O) shareholders will vote on Walt Disney Co’s (DIS.N) revised $71 billion bid for Fox’s entertainment assets on July 27, the companies said. FILE PHOTO: The Twenty-First Century Fox Studios flag flies over the company building in Los Angeles, California U.S. November 6, 2017. REUTERS/Lucy Nicholson/File…

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Trump to use U.S. security review panel to curb China tech investments

WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions. The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States…

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