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U.S. stocks drift, Chinese markets rise as trade talks start between world’s largest economies

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U.S. stocks are nearly stuck in place on Monday as the world’s two largest economies begin talks on trade that could help avoid a recession.

The S&P 500 was down 0.1% in early trading. The Dow Jones Industrial Average was down 107 points, or 0.3%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.1% higher.

Officials from the United States and China are meeting in London to talk about a range of different disputes that are separating them. The hope is that they can eventually reach a deal that will lower each’s punishing level of tariffs against the other, which are currently on pause, so that the flow of everything from tiny tech gadgets to enormous machinery can continue.

Hopes that President Donald will lower his tariffs after reaching such trade deals with countries around the world have been among the main reasons the S&P 500 has rallied back so furiously since dropping roughly 20% from its record two months ago. It’s back within 2.5% of its all-time high.

But nothing is assured, and London’s discussion follows a prior round of talks in Switzerland.

That kept trading relatively quiet on Wall Street, and Treasury yields were also holding steady in the U.S. bond market as the countdown continued.

One of the market’s sharpest moves came from Warner Bros. Discovery, which jumped 11.8% after saying it would split into two companies. One will get Warner Bros. Television, HBO Max and other studio brands, while the other will hold onto CNN, TNT Sports and other entertainment, sports and news television brands around the world, along with some digital products.

IonQ rose 3.2% after the quantum computing and networking company said it agreed to buy Oxford Ionics for nearly $1.08 billion. All but $10 million of the purchase price will come from IonQ’s stock, and the hope is that the combined company will benefit from its complementary parts to produce computers that can perform better than classical machines.

Tesla, meanwhile, returned to falling. The electric vehicle company has been struggling as Elon Musk’s relationship with Trump has fallen apart, and it fell 3.5% Monday.

In stock markets abroad, indexes were modestly lower in Europe after rising across much of Asia.

Chinese markets rallied even though the government reported that exports slowed in May, growing 4.8% from a year earlier after jumping more than 8% in April. China also reported that consumer prices fell 0.1% in May from a year earlier, marking the fourth consecutive month of deflation.

Stocks rallied 1.6% in Hong Kong and rose 0.4% in Shanghai.

In the bond market, the yield on the 10-year Treasury edged down to 4.50% from 4.51% late Friday.

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Republished with permission of The Associated Press.


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Moore earns spot on Inc.’s 2025 Best Workplaces list

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Moore, a globally recognized marketing and communications agency headquartered in Tallahassee, has once again been named to Inc.’s annual Best Workplaces list — an honor that highlights companies with standout cultures and team-first values.

“We are honored to once again be recognized on a national stage for the culture we’ve built and the values we live by. Our people are the heart of Moore, and this honor belongs to each of them,” said Karen Moore, the agency’s founder and CEO.

The 2025 list, compiled by Inc. in partnership with Quantum Workplace, evaluated companies across the country on employee engagement, benefits, management effectiveness, professional development, and overall workplace experience. Moore was among just 514 honorees selected nationwide.

“This recognition is a celebration of our people and the intentional culture we’ve cultivated together,” said Terrie Ard, President and COO of Moore. “Being named to Inc.’s Best Workplaces affirms that our commitment to collaboration, growth, and purpose-driven work truly makes Moore a place where people thrive.”

Moore’s team retention rate stands at 92%, while client retention reaches 98%—figures the agency credits to its deliberate investment in people and culture.

“Inc.’s Best Workplaces program celebrates the exceptional organizations whose workplace cultures address their employees’ welfare and needs in meaningful ways,” said Bonny Ghosh, editorial director at Inc.

“As companies expand and adapt to changing economic forces, maintaining such a culture is no small feat. Yet these honorees have not only achieved it—they continue to elevate the employee experience through thoughtful benefits, engagement, and a deep commitment to their teams.”

With team members positioned across the U.S., Moore provides full-service capabilities in public affairs, branding, digital marketing, crisis communications, media relations and more—serving Fortune 500 companies, state agencies, and nonprofits alike.


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Florida Hospital Association applauds ‘meaningful health care investments’ in budget

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Count the Florida Hospital Association (FHA) among the organizations praising lawmakers for considerations in the state’s 2025-26 spending plan.

The Tallahassee-headquartered nonprofit trade group, which represents hospitals and health systems across the Sunshine State, applauded the Legislature for making “strategic investments in health care” prioritizing research, infrastructure, mitigation grants and expanded patient access.

That includes:

— $15 million to support hospitals performing intestinal transplants.

— $10 million for the Cancer Connect Collaborative incubator lawmakers created this year to advance pediatric cancer care and treatment research by specialty children’s hospitals.

— $10 million to support a statewide grant pilot program for integrated residential treatment services for women with persistent mental illness and substance use disorders.

— Funding for hospital hardening and mitigation.

— Language directing the Agency for Health Care Administration and the Department of Health to seek the Centers for Medicare and Medicaid Services’ approval of a prospective payment system for behavioral health ambulatory services provided by Certified Community Behavioral Health Clinics.

— Full funding of the most recent Social Services Estimating Conference estimates for Florida Medicaid.

FHA President and CEO Mary Mayhew said in a statement that her organization is “grateful to Senate President Ben Albritton, House Speaker Daniel Perez and members of the Florida Legislature for their commitment to strengthening Florida’s health care delivery system.”

“The Florida Legislature’s commitment to invest strategically in emergency preparedness, innovation and access to care for Florida’s most vulnerable residents will have a lasting impact,” she said. “These investments give our hospitals great confidence to deliver modern, sophisticated health care as our population and their health care needs continue to grow.”

After more than a month of extended Session work, lawmakers adjourned Monday after agreeing on a $115 billion spending plan for 2025-26. The budget, a middle ground between the Senate and House proposals, is now headed to Gov. Ron DeSantis’ desk for vetoes and approval.

Other groups praising the budget include the Florida Retail Federation, Safety Net Hospital Alliance of Florida, National Federation of Independent Business, Florida Conservation Group and Florida Citrus Mutual.

Florida TaxWatch, meanwhile, flagged $416 million worth of “Budget Turkeys” in the plan and highlighted $799.5 million in other proposed spending that deserves “especially close scrutiny” from the Governor.


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Florida Realtors close the deal on a winning Session

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Florida Realtors are hailing the Session as a major win for property rights and economic growth.

Florida businesses are poised for significant tax relief and homeowners will have access to new state funding following a Legislative Session that the Florida Realtors Association is hailing as a major win for property rights and economic growth.

The Association celebrated the Session’s conclusion, highlighting the landmark elimination of the state’s Business Rent Tax (BRT) alongside crucial funding for home hardening and homebuyer assistance.

The repeal of the BRT marks the end of the nation’s only sales tax on commercial leases, a move projected to save Florida businesses nearly $905 million annually. Proponents argue the long-sought change will unshackle small businesses from a significant financial burden, paving the way for job creation and economic reinvestment across the state.

Lawmakers also directed funds toward key housing initiatives. The My Safe Florida Home Program received $280 million to help homeowners fortify their properties against storms, while a $50 million allocation will provide down payment assistance for essential workers like teachers and firefighters.

The Session also delivered a victory for property owners with the introduction of new legislation (SB 606, sponsored by Sen. Tom Leek, and SB 322, sponsored by Sen. Ana Maria Rodriguez) designed to protect commercial and short-term rental owners from squatters.


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