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Record Rally Splutters, High Cost Of Firing CEOs, European Overtourism
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Global stocks paused after a record-breaking run, with a sharp selloff in heavyweight technology shares dragging markets lower and futures indicating further declines. (2) President Donald Trump has bought hundreds of bonds since he returned to office, including those sold by US companies affected by the sweeping changes to federal policies he's championed. (3) A package of security guarantees for Ukraine will take shape as soon as this week as leaders seize on President Donald Trump's backing for a plan that involves sending European troops as part of a potential peace deal. (4) Thousands of firefighters worked overnight to contain dozens of deadly wildfires burning across Spain and Portugal as heat and gusty winds spread blazes through dry brush, forests and crops. (5) When a company abruptly ditches its CEO, the costs of the shakeup can quickly add up. Bloomberg News consulted with compensation consultants, academics, corporate lawyers, executive-search advisors and public-relations experts on the true cost of firing your CEO. (6) Overtourism and climate change have created a dangerous feedback loop that endangers Southern Europe's tourism industry.


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an hour ago
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Souring US Ties Push India Closer to China
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Yahoo
an hour ago
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Maryland Gov. Wes Moore's press secretary leaves for campaign role
BALTIMORE — Maryland Gov. Wes Moore's press secretary left his state government role on Tuesday, moving to a senior advisory role on the governor's reelection campaign. Carter Elliott IV, who served as senior press secretary since Moore took office in January 2023, announced his departure in an email Tuesday. 'As my last day in the Governor's Office comes to a close, I just want to reach out to say it was the greatest pleasure of my life to serve in this role and I'm grateful to have gotten to know some incredible people,' Elliott said in the email. 'I grew up in a family where the best career that you could follow was being a farmer, a teacher, or a public servant — this had been my dream for as long as I can remember.' The Baltimore Sun reached out to Elliott for further details about his new role on Moore's campaign. In an email to the governor's staff, obtained by The Sun, Elliott thanked his colleagues for 'making Maryland a home.' He lived in Baltimore before moving to Annapolis this year. Elliott expressed gratitude for his work in the governor's office, which this year included a tumultuous legislative session in which lawmakers increased taxes and cut spending to close a $3.3 billion deficit. He described Moore as 'the best governor in the country' and said 'to work for someone that inspires you is something special.' A native of Virginia, Elliott was previously communications manager for Moore's 2022 gubernatorial campaign, according to his LinkedIn page. He earned an annual salary of $104,000 as Moore's press secretary, according to government data. -------------