Business News

AM Business Notebook 

For: April 15, 2026 

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher yesterday on Wall Street.  Stocks posted solid gains after President Trump said a second round of peace talks between the U.S. and Iran could happen soon in Pakistan.  Market sentiment also got a boost from falling oil prices and a surge in technology shares.  At the closing bell, the Dow Jones Industrial Average gained 317 points to 48-535.  The S&P 500 rose 81 points to 69-67.  The Nasdaq climbed 455 points to 23-639.

 

>>Taxes Due Today 

(Washington, DC)  --  Tax Day is here.  Tax returns must be postmarked or electronically filed by the end of the day to avoid a late-file penalty.  If you're not ready, you can file for a six-month filing extension, but tax experts caution that's not an extension to pay the IRS if you owe.  You must still pay the estimated tax owed by the April 15th deadline to avoid interest and late payment penalties.

 

>>IMF Says Middle East War Is Cutting World Growth

(Washington, DC)  --  The International Monetary Fund is cutting its growth outlook due to price increases caused by war in the Middle East.  The organization that ensures stability in global financial systems met Tuesday in Washington, DC and said the world was facing much weaker growth as shipping disruptions continue in the Strait of Hormuz near Iran.  The IMF said it was choosing its most positive scenario for its World Economic Outlook, which assumes the war will end soon and that prices will return to normal.  In its worst-case scenario, the IMF says the global economy is teetering on the brink of recession.

 

>>Survey: Fertilizer Too Expensive

(Undated)  --  A majority of American farmers say they won't be able to purchase enough fertilizer this year.  That's according to a new survey from the American Farm Bureau Federation that found 70-percent of farmers said fertilizer is too expensive.  There are differences by region, with 80 percent of southern farmers saying they can't afford it compared to just under 50 percent in the Midwest.  Since the start of increased tensions in the Middle East, fertilizer prices have gone up 30 percent.

 

>>Pittsburgh Post-Gazette Sold To Nonprofit

(Pittsburgh, PA)  --  The Pittsburgh Post-Gazette will no longer shut down next month as it is being sold to a nonprofit publishing group. B lock Communications, which is the Post-Gazette's parent company, announced that it sold the paper to the Venetoulis Institute for Local Journalism. According to Post-Gazette reporter Kris Mamula, the sale is effective May 4th and the paper will keep its name. Under the new acquisition, the paper's newsroom and local business leadership will remain in the Steel City while other functions will be combined with teams at the institute.  

 

>>Novo Nordisk To Partner With OpenAI

(Bagsvaerd, Denmark)  --  Novo Nordisk is partnering with OpenAI in its efforts to keep pace with rapid expansion in the weight loss drug race.  The pharmaceutical company announced the partnership in a statement on Tuesday and shared it would use AI to analyze complex datasets, identify promising drug candidates and reduce the time between research and patient application.  The move comes as pharmaceutical companies are increasingly turning to artificial intelligence to speed up and simplify clinical development.  The CEOs of both companies welcomed the partnership and potential for accelerated scientific discovery.  

 

>>Amazon Acquiring Satellite Firm To Challenge Musk's Starlink

(Seattle, WA)  --  Amazon is looking to acquire the satellite firm Globalstar in a multi-billion-dollar deal. The eleven-point-57-billion-dollar deal gives Amazon access to Globalstar's network of two dozen satellites. The move will boost the tech giant's ambitions to challenge Elon Musk's Starlink, which currently has about ten-thousand units in orbit. Amazon has been working to ramp up its network by deploying about three-thousand-200 satellites in Earth's low orbit by 2029, and roughly half are required to be in place by a July 2026 regulatory deadline.     

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