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CBS Mornings Deals features exclusive discounts on different products.
The deals are designed to improve everyday lifestyle.
Customers can find these offers by visiting cbsdeals.com.
CBS earns money when people purchase items using links from cbsdeals.com.
The promotion was shown on CBS News and is part of their online content.
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Kelly Loeffler, head of the Small Business Administration (SBA), said artificial intelligence (AI) will create jobs and help small businesses grow across the U.S. She warned that if China leads in AI, it could hurt American businesses, especially those on Main Street. The SBA is working to support small businesses by focusing on technology, easier rules, and better access to funding.
Key Facts
AI will change how people work and is expected to create new jobs, especially for small businesses.
Loeffler said AI is a tool that can level the playing field for American businesses.
She emphasized the importance of the U.S. winning the AI competition against China to protect American economic interests.
The SBA faces possible budget cuts proposed for fiscal year 2027, which could reduce help for small businesses.
These cuts might lead to higher borrowing costs and fewer support resources for small businesses.
Loeffler is aiming to make the SBA more focused on technology and customer needs instead of bureaucratic processes.
Small businesses employ nearly half of all U.S. workers and are key to economic growth.
Despite challenges like inflation and higher gas prices, many Americans are starting new businesses at high rates.
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The federal government has expressed repeated concerns about a U.S. company’s plan to frack for gas in Western Australia’s Kimberley region. Officials say the company, Black Mountain Energy, has not provided enough information on how the project could affect local water and endangered species, making it hard to fully assess environmental risks.
Key Facts
Black Mountain Energy, a Texas-based company, wants to drill 20 gas wells in the Kimberley region near Fitzroy Crossing.
The area is close to the Fitzroy River, a nationally heritage-listed site and home to endangered species.
The Western Australia Environmental Protection Authority recommended approval under state laws.
The federal environment department repeatedly said the company’s environmental assessments lack key data on water and ecosystems.
Federal officials asked the company to consult more with traditional owner groups linked to the Fitzroy River.
The company claimed the project would not impact the Fitzroy River, but officials said there was not enough proof.
An independent scientific committee found the company’s assessment weak and its conclusions unsupported.
A local conservation group has urged the federal environment minister to stop the project due to insufficient environmental information.
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The article says that new progress in cancer research is happening now. However, changes in Washington are making it harder to continue this important research work.
Key Facts
Researchers have made a significant breakthrough in cancer studies.
This progress is happening at the same time that policies in Washington are changing.
These policy changes are negatively affecting the foundation needed for cancer research.
The article suggests Washington's actions could slow or stop future cancer discoveries.
The focus is on how government decisions impact medical research funding and support.
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The UK’s competition watchdog is examining Paramount Skydance’s $110 billion takeover of Warner Bros Discovery to see if it will reduce competition. The deal combines many major movie studios and streaming services under one company, raising concerns over its impact on the industry and consumers.
Key Facts
The UK Competition and Markets Authority (CMA) opened an investigation into the $110 billion takeover.
The merger would control assets like Paramount, HBO Max, Channel 5, TNT Sports, and popular film franchises.
The CMA will decide by August 7 if the deal needs a deeper investigation, which could take five more months.
Paramount won the bidding war against Netflix and paid Netflix $2.8 billion to break its previous deal for Warner Bros Discovery.
Over 1,000 film and TV professionals, including famous actors, have protested the deal, fearing it will hurt industry diversity and competition.
U.S. Senator Elizabeth Warren criticized the deal as likely to cause higher prices and fewer choices for consumers.
Paramount’s CEO said they will maintain producing at least 30 films a year to calm fears about cuts.
The company plans to save $9 billion in costs through the merger, indicating likely job cuts.
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Olivia Rodrigo is releasing her third album, "you seem pretty sad for a girl so in love," on June 12. She also announced a special limited edition vinyl with a lenticular cover that shows a swinging image when tilted, priced at $40.
Key Facts
Olivia Rodrigo’s third album will release on June 12.
She previously shared the 13-song track list and the lead single "Drop Dead."
The music video for "Drop Dead" was filmed at the Palace of Versailles and reached No. 1 on the Billboard Hot 100.
Rodrigo announced a limited edition lenticular vinyl cover for the album.
The vinyl cover shows a swinging image when tilted.
The special vinyl costs $40 and will ship starting June 26.
Buyers can only purchase up to four copies each.
Some fans joked about the vinyl causing them to spend a lot of money, while others praised its design.
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Thrift expert Lissy Clow advises shoppers to focus on value instead of just low prices when buying secondhand clothes. She shares four signs that show an item is worth purchasing, including good material quality, versatility, knowing when to wear it, and feeling a strong positive reaction to the item.
Key Facts
Rising prices have led more Americans to consider buying secondhand clothes to save money.
Natural fabrics like cotton, linen, and wool are more durable than many fast-fashion materials.
An item is worth buying if it can be worn in three to five different ways with clothes you already own.
Avoid buying clothes for imaginary occasions that may never happen.
Trust your gut feeling—the expert calls it the "yes" feeling when you really want and feel good in the item.
Thoughtful thrifting helps build a lasting wardrobe and supports sustainable practices.
Clow recommends focusing on quality and versatility to avoid unnecessary purchases.
Secondhand shopping is about intentional buying, not just finding cheap deals.
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The rising use of weight-loss drugs called GLP-1s has increased global demand for whey protein, causing prices to soar and raising concerns about shortages. Whey protein helps people keep muscle while losing weight, and companies are struggling to secure enough supply as demand outpaces production.
Key Facts
Demand for whey protein has grown because GLP-1 weight-loss drugs reduce appetite, causing users to need more protein.
Whey protein prices in northwest Europe have risen more than 50% in 2024, reaching record highs around €1,700 per tonne.
Prices for high-concentrate whey protein rose from £4,302 per tonne in June 2023 to £23,751 per tonne in June 2024.
Manufacturers want to produce more whey protein but face supply limits and cannot build large safety stock.
New production plants are opening, and some products now mix whey with cheaper milk protein to reduce costs.
Some whey protein suppliers are sold out for the rest of 2026, and one producer plans to stop making a key type of whey after summer, worsening shortages.
Small businesses report paying double prices compared to last quarter and struggle to compete with big companies that can absorb price rises.
The popularity of protein-enriched foods like snacks and doughnuts has also increased due to diet trends linked to GLP-1 drug users.
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A new bill introduced by Representative Nicole Malliotakis proposes to temporarily increase the capital gains tax break for homeowners over 65. The bill would allow some senior homeowners to avoid paying taxes on up to $1 million of profit when selling their long-held homes between 2027 and 2030.
Key Facts
The bill is called the Nest Egg Protection Act (H.R. 9064).
It would double the capital gains tax exclusion for seniors 65 and older, raising the limit to $1 million.
Currently, the exclusion is $250,000 for individuals and $500,000 for married couples.
The increased exclusion applies only if the homeowner has owned their main home for at least 25 years.
The purpose is to help seniors sell homes without large tax bills, encouraging them to downsize and increase housing availability.
Housing prices have tripled since 1997, but the current tax exclusion has not changed since then.
Many seniors have a large amount of home equity due to rising home values.
The bill aims to reduce the "lock-in effect," where seniors hesitate to sell because of possible capital gains taxes.
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The new EU entry/exit system (EES), which checks non-EU travelers’ personal and biometric data at borders, is causing long delays at airports and may take up to two years to fully settle. Some countries are still struggling to handle the system, and this has led to disruptions that could affect summer travel bookings and cause anxiety among holidaymakers.
Key Facts
The EU introduced the new border system in October, fully launching it on April 10.
Travelers from non-EU countries must register personal details, fingerprints, and facial images the first time they enter; returning visitors have faster entry.
Some EU states manage the system well, but others find it difficult to handle, causing delays.
The EU allows suspension of biometric checks during busy times to avoid long queues, but this may end in September.
France and Greece have temporarily stopped some biometric checks during the busy summer to ease travel flow.
The system’s delays and the uncertain global situation, including the conflict in the Middle East and rising living costs, are making people delay or reduce holiday bookings.
Increased oil and jet fuel prices raise concerns about higher airfares, though most summer flights remain scheduled.
Travel companies report more last-minute bookings and some financial hits but expect the market to grow again when conditions improve.
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The UK's Financial Conduct Authority (FCA) warned that legal challenges against its car finance compensation scheme could delay payouts to drivers by up to three years and add more than £6 billion in extra costs to lenders. The FCA said court cases could push payouts into 2027 and increase expenses for banks involved in a scandal over loan overcharging from 2007 to 2024.
Key Facts
The FCA created a £9.1 billion compensation plan to repay drivers overcharged on car loans.
Four parties are legally challenging this compensation plan: Volkswagen Financial Services, Mercedes-Benz Financial Services, Crédit Agricole Auto Finance, and the consumer group Consumer Voice.
These legal actions may delay payouts until 2027 or later.
If the court rejects the FCA scheme, the regulator may need to create a new plan or let individual complaints be handled by the Financial Ombudsman Service.
Handling claims through complaints instead of the current scheme could cost lenders over £6 billion more and take three years longer to finish.
The FCA must spend around £2.7 million more to manage the legal challenges.
The FCA is funded by the companies it regulates and will have to redirect resources due to these costs.
The scandal involves commission payments between lenders and car dealers that caused loan overcharges from 2007 to 2024.
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Rivian's CEO RJ Scaringe admitted that the company had big problems with customer service and vehicle technology in the early years after launching its R1T truck and R1S SUV. Since then, Rivian has invested heavily to improve service speed, technician training, and technology, hoping to regain customers who left due to a poor experience.
Key Facts
Rivian's R1T truck and R1S SUV had customer complaints, especially about advanced tech and vehicle controls.
The company ranked below average in J.D. Power's Initial Quality Study.
Early service centers were few, causing long wait times of 20-40 days in popular markets like Seattle.
Rivian invested heavily in service infrastructure, technician training, diagnostic tools, and AI integration to improve service speed.
Service wait times have been reduced to 2-3 days in many locations.
Rivian plans to launch a new midsize SUV called the R2 and wanted service improvements ready beforehand.
CEO Scaringe hopes customers who left during earlier problems will return to try Rivian again.
Rivian developed its own infotainment and service technologies rather than relying on third parties.
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Rivian has started taking orders and begun production of its new midsize electric SUV called the R2. This vehicle is designed to reach more customers with a lower price than its larger, more expensive R1S model.
Key Facts
Rivian launched orders for the R2 midsize electric SUV in late April.
The R2 aims to attract a wider group of buyers than the larger R1S SUV.
Midsize SUVs make up a large part of U.S. vehicle sales, about 1 in 6 cars sold each year.
The R1S is considered a flagship model with an average price over $90,000.
Rivian's founder and CEO, RJ Scaringe, said the R2 was planned even before the R1 models.
The R2 and R1S look similar but have important design and engineering differences.
The R2 includes detailed design touches, such as a hidden rear windshield wiper.
Rivian sees the R2 as a key product to introduce the brand to the mass market.
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Rivian has introduced the R2, a new American-made electric SUV priced between Toyota and Subaru’s electric models. The R2 offers strong performance, advanced technology, and off-road ability, aiming to attract customers who currently buy from Toyota and Subaru.
Key Facts
Rivian’s new R2 SUV is electric and made in the USA.
The R2 is sized between Toyota’s smaller bZ and larger Highlander electric SUVs.
It starts at $44,990 with 275 miles range, 350 horsepower, and 355 pound-feet of torque.
The top R2 version costs $57,990, has 330 miles range, 656 horsepower, and 609 pound-feet of torque.
The R2 features advanced driver assistance and better off-road capabilities than Toyota and Subaru models.
Toyota and Subaru jointly develop electric SUVs targeting U.S. customers amid competition and regulations.
Rivian aims to offer a premium but practical vehicle at a more accessible price than its luxury R1 models.
Rivian CEO RJ Scaringe describes the brand as premium and usable, not strictly luxury.
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Wall Street is expected to open with small gains after a recent drop, while oil prices have decreased from their recent highs. Higher oil prices since a conflict involving the U.S., Israel, and Iran have increased costs for airlines, affecting profits in the industry and contributing to higher inflation and bond yields.
Key Facts
S&P 500 futures rose by 0.4%, Dow futures increased by less than 0.2%, and Nasdaq futures went up by 0.8%.
Brent crude oil price dropped $1.42 to $92.83 per barrel after reaching nearly $98 overnight.
U.S. crude oil prices fell $1.68 to $89.62 per barrel but remain higher than before the February conflict involving the U.S. and Israel attacking Iran.
U.S. airlines spent over $6 billion on jet fuel in April, 78% more than the same time last year.
Airlines like Delta, American, and United saw their stock prices rise by 1% to 2%.
The shipping route called the Strait of Hormuz, important for oil transport, has been largely blocked due to the Middle East conflict, pushing fuel prices higher.
The airline industry group warned that high fuel costs could cut 2026 profits nearly in half despite fare hikes and flight cuts.
Higher oil prices have increased overall inflation and bond market yields, with the 10-year U.S. Treasury yield rising from 4.01% to about 4.55%.
The U.S. government will release inflation reports this week, and the Federal Reserve is unlikely to lower interest rates soon; a rate increase is possible.
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Amazon’s main UK business unit saw its profits rise by over 25% last year to £355 million and received a £7.6 million tax credit from HM Revenue and Customs. Despite this, Amazon UK reported paying more than £1.3 billion in various UK taxes, including corporation tax and other business levies.
Key Facts
Amazon UK Services made a pre-tax profit of £355 million in 2025, up 26.5% from the previous year.
The company owed £9.1 million in current tax but received a £16.7 million adjustment credit, resulting in a net £7.6 million tax credit.
The tax adjustment was linked to government relief for large investments in UK infrastructure, including £5.2 billion spent on facilities and equipment.
Amazon UK employs about 66,000 people out of its 75,000 UK workforce.
Total UK revenues from all Amazon operations were about £32 billion in 2025.
Five main Amazon UK divisions accounted for about half of this revenue and saw combined pre-tax profits jump to £555 million.
The company's effective corporation tax rate for these main divisions was calculated at about 7.1%, much lower than usual rates.
Amazon stated it paid over £1.3 billion in UK taxes last year, covering corporation tax, national insurance, business rates, and digital services tax.
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South Korean chip stocks, like Samsung Electronics and SK Hynix, rose sharply after a recent drop, pushing the KOSPI stock market up by 8.4%. OpenAI has applied to sell shares in a public stock offering, potentially valuing the company at more than $1 trillion, as tech firms related to artificial intelligence prepare to enter the stock market.
Key Facts
The Seoul stock exchange triggered circuit breakers twice due to rapid market rises, not falls.
Samsung Electronics shares increased by over 9%, and SK Hynix shares rose by 15%.
The KOSPI market index climbed 8.4%, recovering from an 8% drop the previous day.
SK Hynix partnered with Nvidia to develop memory chips for AI systems, boosting investor interest.
Nvidia’s CEO Jensen Huang visited Seoul and engaged with local tech leaders.
OpenAI filed confidentially for an initial public offering (IPO), with a valuation possibly above $1 trillion.
Other AI-related companies like Anthropic and Elon Musk’s SpaceX are also preparing to go public soon.
Market experts warn the rapid swings show high volatility and cautious investor speculation.
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Mortgage rates have stayed high around 6.5% this year, which is affecting home prices. Experts say if rates remain high, home prices may slowly drop because fewer people will want to buy, but if rates go down, prices could rise again as more buyers enter the market.
Key Facts
The average 30-year fixed mortgage rate has hovered near 6.5% in 2026.
Home listing prices fell 2.4% nationwide in May compared to last year.
Prices are dropping in 41 of the 50 largest U.S. metropolitan areas.
High mortgage rates reduce buyer demand, which could lead to more houses for sale and lower prices.
If rates drop, more buyers might return, causing prices to stabilize or increase.
Experts do not expect mortgage rates to fall soon due to inflation and economic factors.
Waiting for rates to fall might mean higher home prices later because of increased buyer competition.
Some advise buying now and refinancing later if rates decline to lock in current prices.
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Elon Musk, the owner of Twitter/X and CEO of SpaceX, is about to become the world’s first trillionaire after a SpaceX stock sale. His wealth gives him significant power and influence, including a large political impact in the U.S. and involvement in government decisions.
Key Facts
Elon Musk acquired Twitter/X for $44 billion.
A 2024 study shows wealth can increase happiness by giving people more control over their lives.
Musk’s net worth jumped from $270 billion in late 2022 to nearly $1 trillion in 2024.
One trillion dollars is a million million, or $1,000,000,000,000.
Musk gave $290 million to President Donald Trump and Republican campaigns in 2024.
He has influenced government policy and attended White House meetings.
Musk led a government efficiency initiative that cut funding and jobs, with reported negative effects on foreign aid and public health.
The Supreme Court’s 2010 Citizens United decision allows unlimited political spending by corporations and wealthy individuals like Musk.
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Denby Pottery, a historic pottery company in Derbyshire founded in 1809, has stopped production and appointed administrators due to financial struggles. The last piece, in the famous Imperial Blue design, was signed by its designer Richard Eaton, marking the end of centuries of pottery making at Denby.
Key Facts
Denby Pottery was founded in 1809 and is known for its handcrafted tableware using local clay.
The company faced rising energy and labor costs, reduced demand, and increasing employment expenses.
Administrators were appointed on 31 March after efforts to find a buyer failed.
The last bowl was finished in Denby's iconic Imperial Blue glaze and signed by designer Richard Eaton.
A #SaveDenby campaign encouraged purchases to support the company but was unsuccessful.
A petition with over 105,000 signatures seeks to protect the ceramics industry and support British manufacturing jobs.
Denby’s international subsidiaries in Korea, the US, and China remain operational and are not affected by the closure.
Local MP Linsey Farnsworth expressed commitment to fight for Denby Pottery and highlighted its importance to the community.
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