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Closing Bell Overtime: U.S.-China Deescalation Boosts Stocks; NEC Director Kevin Hassett On Deal Talks 5/12/25

Closing Bell

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Economic Shifts and Legislative Challenges

This chapter covers significant international and national news, including the tensions between Ukraine and Russia, McDonald's hiring initiatives, and breakthroughs from the James Webb Space Telescope. It further delves into the evolving U.S.-China trade relations, outlining the preparations for critical negotiations and their potential economic impacts. Additionally, the discussion addresses legislative efforts in the House focusing on tax reforms aimed at supporting middle-class families, as well as the pressing need for regulatory changes in various sectors, including air travel.

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