How Tax Giants Write Their Own Rules

Taxing times There’s a well-oiled revolving door between the largest accounting firms in the U.S. and the Treasury Department, The Times’s Jesse Drucker and Danny Hakim report. The cycling of professionals between the public and private sectors is nothing new, but the ability of the biggest tax advisers to embed their employees inside the government’s …

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What Facebook Knows

Facebook’s internal affairs This week, The Wall Street Journal published a bombshell investigation about how Facebook responds to the flaws in its platform. The four-part report, which is largely based on internal documents, suggests that the company often plays down what it knows about these problems. According to The Journal, at least some of the …

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Retailers Rethink Pandemic-Battered Manhattan

In the heart of Manhattan’s garment district, a once-busy Starbucks on the corner of Eighth Avenue and 39th Street sits empty. Just down the block, a Dos Toros Taqueria that opened just three years ago is now closed. And Wok to Walk, which once served steaming containers of noodles mixed with chicken and vegetables to …

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From ‘Jeff who?’ to ‘Thank you.’

Jeff Bezos and Elon Musk are two of the world’s wealthiest men. Both own private rocket companies. And in public, their relationship has been characterized by conflict. In one notable put down, Mr. Musk responded, “Jeff who?” when an interviewer inquired about competition between SpaceX and Mr. Bezos’ space company, Blue Origin (which recently carried …

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Back on Track

A long and winding journey One of the most compelling dealmaking sagas this year hasn’t been in tech, pharma or another industry that often dominates the news. It is a bidding war among railroads — what century is this again? — that has generated high drama. At stake was possibly the last major acquisition of …

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Best Stimulus Ever?

The debate over cost and efficiency will influence whether the government should spend trillions more, as President Biden and many Democrats now want, to fund more permanent government aid programs. Detractors, including many Republicans, can point to data showing a seeming drop in the benefit per dollar spent as a reason to be cautious. But …

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SpaceX’s Inspiration4 Mission: When to Watch the Launch

Who are the other crew members? Hayley Arceneaux, 29, is a physician assistant at St. Jude Children’s Research Hospital in Memphis. Almost two decades ago, Ms. Arceneaux, who grew up in the small town of St. Francisville, La., was a patient at St. Jude when bone cancer was diagnosed in her left leg, just above …

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What to Expect from Gary Gensler’s Testimony

Gensler takes the hot seat The S.E.C. chair Gary Gensler will testify before the Senate Banking Committee today, after five months on the job. Since his confirmation, his public statements have generated much debate, many headlines and more than a few market movements. This morning, based on his prepared remarks, he’ll make the case for …

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Why Apple Didn’t Lose in the Epic Games Ruling

A decision that split in Big Tech’s favor A federal judge’s split decision on Friday in the high-profile case between Apple and Epic Games, which stopped short of declaring Apple a monopoly but said it was anticompetitive, allowed parties on both sides of the argument to claim victory. The ruling also set off celebrations among …

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Join Us for a Conversation on Greening Cryptocurrency

As corporations increasingly emphasize environmental and sustainability goals, where exactly does energy-intensive cryptocurrency fit in? How do the opportunities surrounding crypto compare with the resources it consumes? And how do we make the mining process more sustainable? On Oct. 5., join Andrew Ross Sorkin and the DealBook team as they sit down with a guest …

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