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NEW YORK (AP) — Stocks are wavering between small gains and losses as some weak earnings put a dent in industrial and basic materials companies. Health care companies including Abbott Laboratories are rising as investors focus on quarterly results as well as the latest commentary from the European Central bank, which left its key interest rate unchanged. Major stock indexes closed at record highs a day earlier.
WASHINGTON (AP) —The Congressional Budget Office estimates a revised version of the Senate Republican health care bill would increase the number of uninsured people by 22 million by 2026. That's the same number projected to lose coverage under the first version of the legislation. The huge boost in uninsured people is one reason GOP leaders face an uphill battle in winning over enough Republicans to push their legislation through the Senate.
WASHINGTON (AP) — Republicans are targeting a rule that would let consumers band together to sue their banks or credit card companies rather than use a mediator to resolve a dispute. A consumer protection agency finalized the rule last week. The agency says people who otherwise have to go it alone should be able to join others to pursue a remedy to their complaint. Republicans said today that arbitration is more effective in resolving disputes and that use of class-action lawsuits would enrich trial lawyers but not the average consumer.
OFFUTT AIR FORCE BASE, Neb. (AP) — Military veterans will soon be able to shop tax free. Starting later this year, all honorably discharged veterans, no matter their branch of service, will be eligible to shop tax-free online at the Army & Air Force Exchange Service with the same discounts they enjoyed on base while in the military. It's the latest way in which the organization is trying to keep its customers as the armed forces shrink and airmen and soldiers buy more for delivery.
NEW WASHINGTON, Ohio (AP) — The company that built the Dakota Access oil pipeline is running into new trouble over another project in the Midwest. Federal and state regulators are upset that work on the pipeline in Ohio has damaged wetlands and flooded farm fields during the past few months. And fines against Dallas-based Energy Transfer Partners are starting to pile up. The federal commission that oversees pipelines and other energy projects ordered the company last week to clean up its mess and has stopped new drilling from getting underway.
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