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Huawei Is Said to Demand Patent Fees From Verizon

President Trump’s dispute with China has landed on the doorstep of Verizon, with Huawei demanding that the American wireless giant pay licensing fees on hundreds of patents, according to two people briefed on the matter.Huawei, one of China’s largest technology companies and the world’s biggest supplier of networking equipment, accused Verizon in a letter this spring of violating 238 of its patents, the people said. They would speak only on the condition of anonymity because the issue was considered a potential legal dispute.The letter, earlier reported in The Wall Street Journal, represents a new wrinkle in the tensions between the Trump administration and China.Mr. Trump has appeared…

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U.S. government posts $208 billion deficit in May

FILE PHOTO: Sun shines on the U.S. Capitol Dome as budget legislation deadlines loom for a potential federal government shutdown in Washington, U.S., December 21, 2018. REUTERS/Joshua Roberts/File PhotoWASHINGTON (Reuters) - Washington posted a $208 billion budget deficit in May as a modest increase in revenues failed to make up for higher spending on the military and social welfare programs like Medicare, according to data released on Wednesday by the Treasury Department. The deficit was the highest ever for the month of May and wider than the average forecast of $185.5 billion in a Reuters poll of analysts. Government spending rose to $440 billion, up 21% from…

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How 5 Data Dynamos Do Their Jobs

Times Insider explains who we are and what we do, and delivers behind-the-scenes insights into how our journalism comes together.Data journalism is not new. It predates our biggest investigations of the last few decades. It predates computers. Indeed, reporters have used data to hold power to account for centuries, as a data-driven investigation that uncovered overspending by politicians, including then-congressman Abraham Lincoln, attests.But the vast amount of data available now is new. The federal government’s data repository contains nearly 250,000 public datasets. New York City’s data portal contains more than 2,500. Millions more are collected by companies, tracked by think tanks and academics, and obtained by reporters…

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U.S. pet doctors steel themselves for online pharmacy challenge

(Reuters) - A David and Goliath battle is brewing in the business of selling prescription medicines for pets, pitching veterinarians against online giants moving into this lucrative corner of the growing market for animal supplies. Destiny Brown, Dr. Katie Buss, and Kingsley family pose with puppies at the Kings Veterinary Hospital in Loveland, Ohio, U.S., on April 26, 2019. Picture taken on April 26, 2019. Courtesy Jennifer Blodgett/Kings Veterinary Hospital/Handout via REUTERS Americans spent $72.56 billion last year on their pets, according to American Pet Products Association. Prescription drugs were expected to account for over $10 billion, according to an estimate here from the Federal Trade Commission,…

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Wall St. eases; banks fall with prospect of rate cut, energy drops

NEW YORK (Reuters) - Wall Street eased on Wednesday, with bank stocks declining as prospects of a U.S. interest rate cut rose and energy shares tumbling along with oil prices. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 23, 2019. REUTERS/Brendan McDermidThe S&P 500 energy index slid 1.4%, the most among the 11 S&P sectors, as crude prices fell 4% to settle at $51.14 a barrel. The day’s losses made energy the worst-performing S&P 500 sector for the year-to-date. A report from the Labor Department showed U.S. consumer prices rose 0.1% in May, in line with…

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Trump shields census documents from Congress as contempt vote looms

WASHINGTON (Reuters) - President Donald Trump asserted executive privilege on Wednesday to keep under wraps documents on adding a citizenship question to the 2020 U.S. census, defying a House panel’s subpoena in another move to stonewall Democratic lawmakers’ investigations. Despite Trump’s assertion of the legal doctrine, the House of Representatives Oversight Committee pressed ahead at a meeting with plans to vote on holding two members of Trump’s Cabinet - Commerce Secretary Wilbur Ross and Attorney General William Barr - in contempt of Congress over the census matter. Asked about the issue, Trump told reporters at the White House: “When you have a census and you’re not allowed…

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Oil slumps 4% on U.S. crude build, slowing demand fears

NEW YORK (Reuters) - Oil prices tumbled 4% on Wednesday to their lowest settlements in nearly five months, weakened by another unexpected rise in U.S. crude stockpiles and by a dimming outlook for global oil demand. Brent crude futures fell $2.32, or 3.7%, to settle at $59.97 a barrel, the international benchmark’s lowest close since Jan. 28. U.S. West Texas Intermediate crude futures ended $2.13, or 4.0%, lower at $50.72 a barrel, its lowest settlement since Jan. 14. The U.S. Energy Information Administration (EIA) reported domestic crude stockpiles rose unexpectedly for the second week in a row, climbing 2.2 million barrels last week after analysts had forecast…

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Actor Cuba Gooding Jr. to turn himself in after groping allegation: NBC

NEW YORK (Reuters) - Actor Cuba Gooding Jr. intends to turn himself in to New York City police after a woman accused him of groping her at a Manhattan bar over the weekend, NBC News reported on Wednesday, citing Gooding’s representative. FILE PHOTO: Cuba Gooding Jr. attends the 69th annual DGA Awards in Beverly Hills, California, U.S., February 4, 2017. REUTERS/Phil McCartenThe Oscar-wining actor plans to present himself to the NYPD’s sex crimes unit on Thursday, according to NBC News. The woman, who has not been identified, alleged that Gooding touched her breasts at the bar on Sunday night, the network said, citing law enforcement sources. In…

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Oil tumbles on demand worries; stocks hit by trade and economic fears

NEW YORK (Reuters) - Oil futures sank 4% on Wednesday amid higher U.S. crude inventories and a bleaker demand outlook, while uncertainty over the U.S.-China trade war and U.S. economic data weighed on stocks. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 5, 2019. REUTERS/Brendan McDermidThe dollar index rose as trade tensions and U.S. interest rate policy remained in focus after President Donald Trump expressed optimism over making a trade deal with China. Earlier in the day, May data showed moderate inflation as U.S. consumer prices barely rose. That, with a slowing economy, could build a…

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Uneasy calm in Hong Kong after day of violence over extradition bill

HONG KONG (Reuters) - Hong Kong riot police and protesters braced for possible further clashes across the city’s financial district on Thursday after a day of violence over an extradition bill that would allow people to be sent to mainland China for trial. Police officers fire tear gas during a demonstration against a proposed extradition bill in Hong Kong, China June 12, 2019. REUTERS/Athit PerawongmethaHundreds of riot police could be seen resting and re-grouping overnight while gaggles of protesters obtained fresh supplies of water, goggles and helmets, Reuters witnesses reported. Police fired rubber bullets, tear gas and pepper spray in a series of skirmishes on Wednesday to…

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