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Live Updates: NATO Faces Pressure as Trump Brings Greenland Dispute to Davos The New York TimesTrump is en route to Davos, where his Greenland threats top agenda CNNBusiness Brief: Why bond markets could hold Trump back The Globe and MailStock market today: Dow, S&P 500, Nasdaq futures rise after Trump's Greenland threats prompt worst day since October Yahoo Finance
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Investors in the vibe coding company Emergent include Khosla Ventures, SoftBank, and Y Combinator.
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Japan restarts world's largest nuclear plant as Fukushima memories loom large BBCJapan's TEPCO restarts nuclear reactor first time since Fukushima ReutersJapan to restart world's biggest nuclear plant after 15-year shutdown Al JazeeraTepco delays restart of Kashiwazaki-Kariwa reactor World Nuclear
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Stock futures are little changed after S&P 500 and Dow notch worst day since October: Live updates CNBCOpinion | Europe Has a Bazooka. Time to Use It. The New York TimesTrump's tariff threats spark new fears of 'Sell America' trade Politico'This is sell America' — U.S. dollar, Treasury prices tumble and gold spikes as globe flees U.S. assets CNBC
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Dow slides 870 points, S&P 500 drops 2% for worst day since October on Trump tariff threat over Greenland: Live updates CNBCDow tumbles more than 850 points and dollar slides over Greenland and tariff threats CNNTrump Doubts Greenland Threats Will Spoil Trade Deal With Europe Bloomberg.comTrump's Greenland tariff threats could be upended by Supreme Court decision CNBC
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Will Newman saw a gap in the market.
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Live updates: Lewiston mayor says ICE presence has increased pressherald.comDowntown Lewiston ‘eerily quiet' as immigrant community braces for ICE action bangordailynews.comICE in Maine mainepublic.org'Go home': Mainers react to decision to pause undercover license plate requests for ICE wgme.com
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There's no way to sugarcoat this: Small and midsize businesses should be scared to death about the consequences of the Inflation Reduction Act. Unless they provide goods and services to the green energy industry, the law's unforeseen consequences could increase their operating expenses in two ways. Here's what to expect — and how to prepare.
SEE MORE Audit-Proof Your Small Business
The Inflation Reduction Act is essentially a climate change law with some health care benefits. While the new legislation doesn't include any direct tax increases on small and midsize businesses, some of its provisions have the potential to raise costs for these companies significantly.
First Reason Why Cost of Business Could Be Going Up
For one, your chances of being audited may be going up. The new bill substantially expands the Internal Revenue Service's budget: More than half of the $80 billion increase in the IRS budget over 10 years will be used to beef up enforcement through new technology and new hires. That means more audits for companies that are the least able to financially manage them. I worry for businesses that gross $5 million or less since they usually don't have excess funds to pay a lawyer $50,000 to fight the IRS if their matter proceeds to court.
In a letter to the Senate, the agency's commissioner said, "These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans." Even so, with the hire of new auditors, it's likely that people with little or
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