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AM Business Notebook

>>Ahead Of The Bell 

(Washington, DC)  --  The opening bell rings this morning on Wall Street stocks staged a rally on the heels of Monday's massive selloff sparked by fears that a recession is coming for the U.S. economy.  At the closing bell, the Dow Jones Industrial Average gained 294 points to 38-997.  The S&P 500 rose by 53 points to 52-40.  The Nasdaq gained 166 points to 16-366.

 

>>AGs Calling For Nationwide Ban On TikTok

(Washington, DC)  --  Over 20 state attorneys general are calling for a national TikTok ban.  The coalition says the China-based social media app poses a threat to national security.  They've filed a request with the U.S. Court of Appeals to uphold a law that would force the parent company of TikTok to sell the app if it cannot find an American buyer within a year.

 

>>Elon Musk To Interview Donald Trump

(Undated)  --  Former President Trump says he plans to take part in an interview with Elon Musk.  On his Truth Social platform, Trump said the interview will take place this coming Monday night.  He added that more details will be announced later.  The billionaire owner of X endorsed Trump following last month's assassination attempt.

 

>>Driver Trapped In High Tech Truck Dies

(Baytown, TX)  --  The first deadly crash involving a Tesla Cybertruck is being reported.  The wreck was Monday in suburban Houston, on a highway east of the city.  Texas State Troopers say the driver sailed off the road and smashed into a concrete culvert.  The Cybertruck burst into flames, trapping the driver.  The NTSB has reached out to Tesla to get more information about the vehicle as they investigate the cause of the crash. 

 

>>Airbnb Profits Down

(San Francisco, CA)  --  Airbnb is reporting lower profits in the second quarter, sending shares down 15 percent after the closing bell.  The numbers suggest folks have been holding back spending on travel and accommodations overs worries about the economy.  The company on Tuesday reported quarterly profit of 555-million-dollars, down nearly a hundred million over last year.

 

>>Disney Hikes Prices For Streaming Platforms

(Burbank, CA)  --  Disney is hiking prices on its streaming platforms, including Hulu and ESPN+. Beginning October, the services will cost one to two dollars more a month.  Disney+ basic will cost nine-99 and premium will cost 15-99 per month. Hulu with ads will be on par with Disney-Plus basic, and Hulu without ads will run 18-99.  ESPN+, which has ads, will cost 11-99.

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