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Treasury Secretary Bessent is backing nonprofit disclosure legislation as new tax deductions for charitable giving take effect, addressing concerns about accountability in a sector representing roughly 17% of the U.S. economy.
Parallel, operator of the Surterra Wellness dispensary chain, is permanently closing two Florida facilities and eliminating 211 jobs as the company navigates financial restructuring and industry challenges.
Emirates airline began accepting cryptocurrency payments for flights on July 28 through a partnership with Crypto.com Pay, initially available to eligible UAE residents booking in Emirati dirham.
Republic National Distributing Company, a 128-year-old beer and wine distributor, filed for Chapter 11 bankruptcy protection citing declining alcohol consumption and loss of major suppliers.
Meta shares declined over 6% after the company issued weaker-than-expected revenue guidance and reported a significant decline in free cash flow amid heavy artificial intelligence infrastructure spending.
Microsoft’s stock rose 3% in extended trading after the company reported fiscal Q4 revenue growth of 18% year-over-year, with Azure cloud business revenue exceeding $100 billion for the first time in the fiscal year.
