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Consumers are increasingly feeling the pressure of stubbornly high inflation, particularly as the continuation of the Iran war has kept oil and gas prices at historically high levels.
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For only the 10th time in eight decades, a new Fed chair has been sworn in. Stocks are rising, as is historically typical, even if the last two swear-ins saw sharp selloffs.
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Puig plunges after Estée Lauder tie-up talks terminated; European stocks rise CNBCEstée Lauder surges in premarket after Puig merger deal talks end CNBCEstée Lauder and Puig call off $40B beauty merger talks AxiosA British Lipstick Queen Derails Estée Lauder's Big European Deal WSJ
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China's international trade representative Li Chenggang said he was chairing Friday's meeting as Commerce Minister Wang Wentao had urgent matters to attend to.
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