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Cuba approves unprecedented free-market reforms in effort to stave off economic collapse

Cuban lawmakers Thursday adopted nearly 200 historic free-market reforms aimed at rescuing the Communist island from a severe crisis aggravated by a U.S. oil blockade. In a landmark speech to the National Assembly, Prime Minister Manuel Marrero unveiled 176 measures aimed at rolling back the state’s role in the economy and attracting investment in everything…

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California labor union offers to scale back billionaire tax proposal after pushback

SACRAMENTO, Calif. — A California labor union backing a proposal to temporarily increase taxes on billionaires offered Thursday to scale back the measure by more than half, a day after the state’s top election official said the question has sufficient public support to qualify for the November ballot. The proposal from the Service Employees International…

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US launches Germany pharma pricing probe, raising threat of new tariffs

Germany came under fresh US trade scrutiny on Thursday as the United States launched an investigation into the country’s pharmaceutical pricing policies, a move that could pave the way for new tariffs. Washington said it would examine whether Germany’s pricing practices unfairly underpay for innovative medicines and burden US commerce under Section 301 trade authorities….

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