Business Highlights: Musk impersonators, iPhone delay - The Washington Post

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Walgreens propulsion into broad attraction picks up momentum

Walgreens extended its propulsion into much broad wellness attraction with its VillageMD portion acquiring different urgent and superior attraction chain, Summit Health-CityMD, successful a woody worthy adjacent to $9 billion. Walgreens and rival CVS, 2 retail chains with thousands of locations, person evolved successful caller years with a greater absorption connected wide attraction for customers, trying to assistance them debar chronic wellness conditions and costly infirmary stays. The woody to harvester VillageMD and CityMD arrives conscionable 2 months aft CVS Health said it would wage astir $8 cardinal to get Signify Health, a exertion institution that sends doctors and different attraction providers to people’s homes.

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Apple says iPhone supplies wounded by anti-virus curbs successful China

BEIJING — Apple Inc. is informing customers they’ll person to hold longer to get its latest iPhone models aft anti-virus restrictions were imposed connected a contractor’s mill successful cardinal China. The institution gave nary details but said the mill operated by Foxconn successful the cardinal metropolis of Zhengzhou is “operating astatine importantly reduced capacity.” Apple said it expects little shipments of iPhone 14 Pro and iPhone 14 Pro Max models than antecedently anticipated. It said customers “will acquisition longer hold times.” Foxconn Technology Group said earlier it had imposed anti-virus measures connected the mill successful Zhengzhou pursuing microorganism outbreaks. Foxconn said Monday it volition revise down outlook for Q4 and that it is moving connected resuming afloat capacity.

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Brooklyn Nets owners commencement programme for minority-led startups

NEW YORK — Clara Wu Tsai, co-owner of the Brooklyn Nets, launched the largest concern accelerator for number founders of early-stage startups connected Monday. Named BK-XL, the accelerator volition put up to $500,000 each successful 12 startups led by Black, Indigenous and different number founders successful 2023. The accelerator is different portion of her radical justness work, with her hubby Joe Tsai, to amended economical mobility for minorities. Because of their ownership of the Brooklyn Nets and the Barclays Center arena successful Brooklyn, they person decided to absorption their economical mobility donations and investments successful the New York City borough arsenic good to maximize their impact.

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Drought tests resilience of Spain’s olive groves and farmers

QUESADA, Spain — An highly hot, adust summertime is present threatening the heartiest of Spain’s staple crops: the olives that marque the European state the world’s starring shaper of the tiny greenish fruits that are pressed into aureate oil. Industry experts and authorities foretell Spain’s autumn olive harvest volition beryllium astir fractional the size of past year’s, different casualty of planetary upwind shifts caused by clime change. High temperatures successful May killed galore of the blossoms connected the olive trees successful Spanish orchards. The ones that survived produced fruits that were tiny and bladed due to the fact that of inadequate water. A small little moisture tin really output amended olive oil, but the caller drought is proving excessively overmuch for them.

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China commercialized down connected anemic planetary demand, microorganism curbs

BEIJING — China’s commercialized shrank successful October arsenic planetary request weakened and anti-virus controls weighed connected home user spending. The customs bureau reported exports declined 0.3% from a twelvemonth earlier to $298.4 billion, down from September’s 5.7% growth. Imports fell 0.7% to $213.4 billion, compared with the erstwhile month’s 0.3% expansion. Forecasters expected Chinese commercialized to weaken arsenic planetary request cooled pursuing involvement complaint hikes by the Federal Reserve and different cardinal banks to rein successful surging inflation. Chinese request has been wounded by a “Zero COVID” strategy that has repeatedly unopen down ample sections of cities to incorporate microorganism outbreaks.

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Tyson Foods heir and CFO charged with nationalist intoxication

Tyson Foods heir and Chief Financial Officer John R. Tyson has been charged with nationalist intoxication and transgression trespassing aft allegedly entering a stranger’s location and falling dormant connected her bed. According to the Fayetteville, Arkansas, constabulary department, officers received a telephone aboriginal Sunday from a pistillate who returned location to find a antheral she didn’t cognize sleeping successful her bed. When officers arrived, they tried to aftermath Tyson but said his movements were “sluggish and uncoordinated.” Tyson faces a tribunal proceeding successful December. He apologized Monday successful a companywide memo, saying his behaviour was inconsistent with his and the company’s values.

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The S&P 500 roseate 36.25 points, oregon 1%, to 3,806.80. The Dow Jones Industrial Average roseate 423.78 points, oregon 1.3%, to 32,827. The Nasdaq roseate 89.27 points, oregon 0.9%, to 10,564.52. The Russell 2000 scale of smaller companies roseate 9.94 points, oregon 0.6%, to 1,809.81.