(AP) – The U.S. surgeon general has called on Congress to require warning labels on social media platforms similar to those now mandatory on cigarette boxes. In a Monday opinion piece for The New York Times, Dr. Vivek Murthy said that social media is a contributing factor in the mental health crisis among young people.…… MORE
The IRS Wants to End Another Major Tax Loophole for the Wealthy and Raise $50 Billion in the Process
WASHINGTON (AP) — The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade. That’s according to the U.S. Treasury. A proposed rule and guidance announced Monday includes plans to stop “partnership basis shifting” — a process by which a business or…… MORE
Biden’s Campaign Announces a $50 Million Advertising Blitz Highlighting Trump’s Conviction
WASHINGTON (AP) — President Joe Biden’s reelection campaign says it’s using a $50 million advertising blitz targeting voters in battleground states to highlight the “stark contrast” between Biden and former President Donald Trump following Trump’s New York felony conviction. The spending through the end of June includes boosting a new ad focusing on Trump’s conviction.…… MORE
Gamestop Shares Slump Following Annual Shareholder Meeting
NEW YORK (AP) — Gamestop’s CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday. Cohen said this would involve “a smaller network of stores” — suggesting that store closures could be in sight. But no further details of reductions were immediately…… MORE
Biden Will Announce Deportation Protection and Work Permits for Spouses of US Citizens
WASHINGTON (AP) — President Joe Biden is planning to announce a sweeping new policy that would lift the threat of deportation for tens of thousands of people married to U.S. citizens. It’s an aggressive election-year action on immigration that had been sought by many Democrats. Biden is hosting a White House event Tuesday to celebrate…… MORE