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Dow soars 1,000 points on strong corporate earnings and hopes of Iran deal

The U.S. stock market approached record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached within days. Investors were also cheered by strong corporate profits, with companies ranging from equipment maker Caterpillar to software company Palantir Technologies reporting second-quarter results that exceeded analysts’ expectations. …

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Democrats probe DOJ finding that eases way for states to institutionalize mentally ill

Senate and House Democrats launched a congressional inquiry on Wednesday into a new controversial Justice Department legal opinion that would make it easier for states to keep people with mental illness institutionalized, rather than paying for them to receive community-based care. In a letter to Acting Deputy Attorney General Todd Blanche, the lawmakers asked the…

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