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US House hardliners could try to block debt-ceiling deal without ‘robust’ cuts

By David Morgan WASHINGTON (Reuters) -President Joe Biden and Republican U.S. House Speaker Kevin McCarthy have voiced growing confidence about striking a debt-ceiling deal to avoid a catastrophic default, but they could be tripped up by last-minute opposition from the hardline House Freedom Caucus. The small but powerful Republican faction warned this week that they …

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Britain’s $1.3 billion semiconductor support plan gets cool response

By Alistair Smout and Kate Holton LONDON (Reuters) -Britain will invest 1 billion pounds ($1.3 billion) in its semiconductor sector over the next decade as part of a long-awaited strategy that was immediately criticised by the industry for being too little to make a difference. Chipmakers around the world have poured billions of dollars into …

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Biden’s team reports ‘progress’ in US debt ceiling talks

By Jeff Mason HIROSHIMA, Japan (Reuters) -Democratic negotiators told President Joe Biden on Friday that they are making “steady progress” in talks with Republicans aimed at avoiding a U.S. default, according to a White House official. Biden received an update on the talks with aides to Republican House of Representatives Speaker Kevin McCarthy on Friday …

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US FDA panel backs Pfizer’s maternal RSV vaccine for protecting infants

By Raghav Mahobe and Mariam Sunny (Reuters) -Advisers to the U.S. Food and Drug Administration on Thursday backed the safety and effectiveness of Pfizer Inc’s experimental respiratory syncytial virus (RSV) vaccine, boosting its chances of becoming the first available maternal shot to protect babies from the illness. The FDA’s advisory committee voted unanimously that available …

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Wall Street ends higher, dollar climbs on solid data, debt ceiling progress

By Stephen Culp NEW YORK (Reuters) – U.S. stocks rallied and the dollar reached a seven-week peak on Thursday as discount retail giant Walmart Inc raised its sales outlook and strong economic data calmed recession fears while also dampening hopes the Federal Reserve would cut interest rates before year-end. Investors continued to closely monitor debt …

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Women, children trek miles in summer heat to get water near India’s Mumbai

By Francis Mascarenhas TELAMWADI, India (Reuters) – Women and children in a hamlet near India’s financial capital used buckets to draw water from a well before pouring it through strainers into vessels and other receptacles for the journey home. The scene unfolding during a recent visit by Reuters to the area, just 150 km (93 …

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