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Economic news from the New York Times – November 8 – 08/11/2024 at 07:57

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

Here are the main articles published in the economic pages of the New York Times. Reuters has not verified these articles and does not endorse their accuracy.

– The Food and Drug Administration (FDA) has proposed removing phenylephrine from over-the-counter oral medications marketed as nasal decongestants after decades of use, citing studies showing it is ineffective.

– The US Federal Reserve lowered its interest rates in a context of easing inflation, but remained cautious about future measures following Donald Trump's presidential victory and economic uncertainty.

– The Washington Post will require all employees to return to the office five days a week by June 2, drawing disapproval from the employees' union, which called the measure “inflexible and outdated”

– President-elect Donald Trump has named Susie Wiles, his longtime political strategist and campaign manager, as White House chief of staff, making her the first woman to hold the position.

– A federal judge has dismissed Professor Ethan Zuckerman's lawsuit against Meta META.O, which challenged Facebook's ownership under Section 230 of the Communications Decency Act. .

– A fast-moving wildfire in Ventura County, California, has destroyed more than 130 homes, injured 10 people and forced more than 10,000 evacuations, with Governor Newsom declaring a state of emergency.

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