The House of Representatives approved a bill to repeal major parts of Obamacare, handing President Donald Trump his biggest legislative victory, but setting up a tough fight in the Senate. Fred Katayama reports.
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Business
Thursday, May 4, 2017
Wall Street ends flat
Healthcare stocks rallied as the House passed an amended healthcare bill. But as Fred Katayama reports, a drop in crude prices kept a lid on the markets' advance.
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Breakingviews TV: Facebook’s ad machine
The social network keeps raking in the advertising dollars, but Jen Saba, Rob Cyran and Tom Buerkle discuss how saturation and controversy over violent videos could slow its growth momentum.
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Plea for billions to rebuild Iraq's war-torn Mosul
Bustling markets have sprung back into life in eastern Mosul, but the city's destroyed infrastructure and economy could take at least five years and billions of dollars to rebuild. Sara Hemrajani reports.
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Viacom's profit beats targets
Quarterly profit plunged 60 percent at the media giant. But as Fred Katayama reports, its earnings results handily beat analysts' forecasts amid its drive to turn itself around.
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China's Silk Road threatens Mekong River
As China pushes ahead with its massive trade network spanning Asia and Europe, fears are growing for the future of a section of the Mekong River between Thailand and Laos, which Beijing wants to blast with dynamite in order to allow 500kg freight ships to pass. Andrew Marshall reports.
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Fed signals June rate hike, says Greg McBridd
The Fed leaves room for two more rate hikes this year, Bankrate's Greg McBridge tells Reuters' Fred Katayama.
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