AP Business Digest
Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.
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UPCOMING
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US--FARM WORKERS-BORDER-PATROL
DESCRIPTION: The United Farm Workers are asking a federal judge in central California for an injunction against Border Patrol, requiring the government to stop raids and detentions unless they have probable cause and/or a warrant. Story on merits.
ON MERITS: By 04/28/2025 7:00 p.m. EDT, Text
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NEW AND DEVELOPING
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US-MED--FOOD DYES
How bugs and beet juice could play roles in the race to replace artificial dyes in food
SUMMARY: U.S. health officials are pushing to get artificial colors out of the nation's food supply. Sensient Technologies Corp. is one of the world's largest dyemakers. The company has seen a surge in businesses rushing to covert their products from synthetic to natural colors. The process to change from petroleum-based dyes to colors made from vegetables, fruits, flowers and even insects won't be cheap or easy. Health advocates have long called for the removal of the dyes. They cite mixed evidence that the colors are linked to behavior problems and obesity in kids.
WORDS: 1332 - MOVED: 04/28/2025 10:28 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:ad9611b1235f2097469508e711e71094&mediaType=text
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US--CHINA-TARIFF STRATEGY
With China and the US at intense economic odds, other nations are being forced to choose sides
SUMMARY: As President Donald Trump's trade war locks the world's two largest economies on a collision course, America's unnerved allies and partners are cozying up with China to hedge their bets. While the Swiss president was in Washington to lobby U.S. officials over Trump's threatened 31% tariff on Swiss goods, the Swiss foreign minister was in Beijing expressing his nation's willingness to strengthen cooperation with China and upgrade a free trade agreement. Trump's trade push is upending a decade of American foreign policy toward rallying the rest of the world to join the United States against China. The Republican president's actions threaten to hand Beijing more leverage in any eventual dialogue with the U.S.
WORDS: 1314 - MOVED: 04/28/2025 10:27 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:dce0557297c1a367cac9353d270a3c2e&mediaType=text
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FINANCIAL MARKETS
Wall Street takes a breath ahead of another week full of potential swings
SUMMARY: U.S. stocks are drifting ahead of a busy week with several potential flashpoints for financial markets. The S&P 500 edged up by 0.1% Monday, coming off a winning week in its whipsaw ride that's been taking investors on a roller coaster for weeks. The Dow Jones Industrial Average rose 198 points, and the Nasdaq composite slipped 0.1%. Later this week will come earnings reports from some of Wall Street's most influential companies, including Amazon, Apple, Meta Platforms and Microsoft. Reports will also show how the U.S. economy performed during the first three months of the year and how many workers employers hired during April.
WORDS: 661 - MOVED: 04/28/2025 9:45 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:5a614e961c46ad406e47caf18fa78d74&mediaType=text
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US--DOORDASH-DELIVEROO
Food delivery service Deliveroo surges following $3.6B proposed takeover offer from DoorDash
SUMMARY: Shares of Deliveroo, the food delivery service based in London, are hitting three-year highs on Monday after it received a $3.6 billion proposed takeover offer from DoorDash. Deliveroo announced the bid after markets closed in Europe on Friday. On Monday, the company also said that it was suspending a $133.5 million share buyback it had announced last month.
WORDS: 353 - MOVED: 04/28/2025 9:00 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:6236ec5648bd64ba34a3cd705d7294d6&mediaType=text
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ONE TECH TIP-BUYING A SECONDHAND PHONE
One Tech Tip: Thinking of buying a secondhand phone? Some tips on what to look for
SUMMARY: New smartphones aren't cheap and prices could get even higher amid global trade tensions. To save money, consider buying a secondhand device. As each new model release sends consumers rushing to upgrade, they'll selling or trading in their existing devices, which usually have lots of life left. There are numerous places online to buy secondhand phones, but scams abound. The usual advice applies: check reviews, look for trusted sellers and guarantees, and avoid deals that seem too good to be true. Secondhand platforms have their own system but keep in mind there's no universally standardized system. Experts advise buyers to look for a phone that's about three generations old.
WORDS: 1098 - MOVED: 04/28/2025 6:18 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:6b737ffdb8df39fd6d380be05b8be992&mediaType=text
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US--FINANCIAL WELLNESS-CREDIT-CARD LATE FEES
How to avoid credit card late fees after a court threw out a proposed cap
SUMMARY: A Texas judge has thrown out a federal rule that would have capped credit card late fees at $8. The Consumer Finance Protection Bureau finalized the rule last year as part of the Biden administration's efforts to do away with what it called junk fees. It was paused by the courts before it could take effect. At the time, the CFPB estimated that American families would have saved more than $10 billion in late fees annually had the fees been capped at $8, significantly less than the $32 average. Banks and industry groups argued that the rule didn't allow card issuers to charge fees high enough to deter late payments and discourage repeat violations.
WORDS: 901 - MOVED: 04/28/2025 4:52 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:36d61caf70a108dbdc9c6304785523b5&mediaType=text
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CHINA-ECONOMY
China shrugs off threat of US tariffs to economy, says it has tools to protect jobs
SUMMARY: China's leaders have shrugged off the potential impact from U.S. President Donald Trump's trade war, saying they have the tools needed to protect jobs and limit damage from higher tariffs on Chinese exports. Several senior officials of different government ministries sought to shore up confidence with promises of support for companies and the unemployed, easier lending conditions and other policies to counter the impact of combined tariffs of up to 145% on U.S. imports from China. The briefing Monday followed a meeting of China's powerful Politburo last week that analysts said had focused on ways to counter slowing exports due to higher costs in the all-important U.S. market.
WORDS: 706 - MOVED: 04/28/2025 4:34 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:77acd18c297f4ce17f9f2a7a4688a39f&mediaType=text
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