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PRESS DIGEST- New York Times business news - May 9

ReutersMay 9, 2025 5:39 AM

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- U.S President Donald Trump announced that the United States intended to sign a trade deal with Britain that would bring the two nations closer and roll back some of the punishing tariffs he issued on that country's products.

- U.S President Donald Trump's administration has fired the Librarian of Congress, Carla D. Hayden, the first woman and first African American in the role.

- Bill Gates pledged to give away $200 billion via his charitable foundation by 2045 and lashed out at Elon Musk, accusing the world's richest man of "killing the world's poorest children" through huge cuts to the U.S. foreign aid budget.

- A first-of-its-kind bill to regulate parts of the cryptocurrency industry stalled in the Senate, after Democrats blocked it amid concerns in their party about how President Trump and his family are profiting from crypto.

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