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AM Business Notebook

>>Economy Grew More Than Expected In Q1

(Washington, DC) -- The US economy grew by a two percent annualized rate in the first quarter of the year, above predictions of one-point-four percent. Commerce Department GDP numbers out yesterday show that consumer spending also grew by more than four-point-two percent, despite inflation. Analysts had forecast three-point-eight percent growth.


>>Bud Light CEO Has "No Regrets" About Trans Partnership

(New York, NY) -- The CEO of Anheuser-Busch says he has no regrets about the Bud Light partnership with transgender star Dylan Mulvaney. CEO Brendan Whitworth made the comment Wednesday on "CBS This Morning," and said "there's a big social conversation taking place right now" and "big brands are right in the middle of it," not just Bud Light. Whitworth said his company has supported the LGBTQ community since 1998 and will continue to do so. Last month Bud Light lost its spot as the top-selling beer in the U.S. because of conservative boycotts over the Dylan Mulvaney partnership.


>>Weekly Jobless Claims Lower Than Predicted

(Washington, DC) -- The latest jobless report says unemployment insurance claims are down by 26-thousand from the previous week. The Department of Labor says 239-thousand claims were made in the week ending June 24th. The numbers are lower than what economists had predicted, pointing to continued strength in the labor market. "MarketWatch" says it's the biggest drop in four weeks.


>>Google To Block Canadian News Stories Over New Law

(Mountain View, CA) -- Google says it will block all links to news stories by Canadian media outlets once a new law takes effect. The tech giant said on Thursday it will block Canadian news articles for users in Canada in response to the law that would require tech companies to pay publishers for content. Google's announcement follows Meta's vow last week to black out Canadian publishers on Facebook and Instagram. Canada's Parliament passed the law called the Online News Act last week but it could be months before it goes into effect.

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