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Asian shares advance despite losses on Wall Street

Shares advanced in Asia on Tuesday after another wobbly day extended a losing streak on Wall Street.

Hong Kong advanced 2.5% and other regional benchmarks were moderately higher. Oil prices slipped.

Signs of progress in China's effort to bring outbreaks of coronavirus under control appeared to be outweighing concern over weaker than expected Chinese economic data for April.

Investors also are watching for comments by Federal Reserve officials that might provide insight into the U.S. economic outlook and future policy moves.

"Markets remain in... Read More

New US hospitals face fiscal crisis over COVID relief money

THOMASVILLE, Ala. (AP) ??" A whole town celebrated in 2020 when, early in the coronavirus pandemic, Thomasville Regional Medical Center opened, offering state-of-the-art medicine that was previously unavailable in a poor, isolated part of Alabama. The timing for the ribbon-cutting seemed perfect: New treatment options would be available in an underserved area just as a global health crisis was unfolding.

In the end, that same timing may be the reason for the hospital's undoing.

Now deep in the red two years into the pandemic, the 29-bed, $40 million hospital with a... Read More

Conspiracy theorists flock to bird flu, spreading falsehoods

Brad Moline, a fourth-generation Iowa turkey farmer, saw this happen before. In 2015, a virulent avian flu outbreak nearly wiped out his flock.

Barns once filled with chattering birds were suddenly silent. Employees were anguished by having to kill sickened animals. The family business, started in 1924, was at serious risk.

His business recovered, but now the virus is back, again imperiling the nation's poultry farms. And this time, there's another pernicious force at work: a potent wave of misinformation that claims the bird flu isn't real.

"You just want to... Read More

AP Exclusive: Black Lives Matter has $42 million in assets

NEW YORK (AP) ??" The foundation started by organizers of the Black Lives Matter movement is still worth tens of millions of dollars, after spending more than $37 million on grants, real estate, consultants, and other expenses, according to tax documents filed with the IRS.

In a new, 63-page Form 990 shared exclusively with The Associated Press, the Black Lives Matter Global Network Foundation Inc. reports that it invested $32 million in stocks from the $90 million it received as donations amid racial justice protests in 2020. That investment is expected to become an endowment to... Read More

Musk's China ties add potential risks to Twitter purchase

BEIJING (AP) ??" Elon Musk's ties to China through his role as electric car brand Tesla's biggest shareholder could add complexity to his bid to buy Twitter.

Other companies that want access to China give in to pressure to follow Beijing's positions on Taiwan and other issues. But Twitter is shut out by internet barriers that block most Chinese users from seeing global social media, which gives Beijing no leverage over the company, though the ruling Communist Party uses it to spread propaganda abroad.

Tesla Inc.'s ambitions in China might give Beijing that leverage to... Read More

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Asian shares advance despite losses on Wall Street

New US hospitals face fiscal crisis over COVID relief money

Conspiracy theorists flock to bird flu, spreading falsehoods

AP Exclusive: Black Lives Matter has $42 million in assets

Musk's China ties add potential risks to Twitter purchase

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