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Business & Markets

> US stock markets close higher (S&P 500 +0.6%, Dow +0.3%, Nasdaq +0.6%) as traders continue to eye US-China talks (More) | World Bank downgrades 2025 global growth forecast to 2.3%, down from 2.8% in 2024; downgrades US growth forecast to 1.4%, also down from 2.8% in 2024 (More) | Credit scores: Tomorrow’s Business & Finance newsletter explains the mysterious number (Sign up here)

> Federal appeals court allows President Donald Trump’s reciprocal tariffs on imports to remain in effect while it reviews a lower court ruling that blocked the tariffs on grounds that Trump overstepped his authority (More) 

> Google offers buyouts to US-based employees across the company, including within unit housing Google’s search, ads, and commerce divisions (More) | Paramount to lay off 3.5% of US workforce; comes as Paramount awaits FCC approval for Skydance Media’s acquisition of the company (More)