PRESS DIGEST- New York Times business news - July 16
July 16 (Reuters) - 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.
- Federal prosecutors in New York have dropped an investigation into Polymarket, the popular crypto-powered gambling website where users place bets on elections, a person familiar with the matter said.
- The Trump administration initiated a trade investigation of Brazil on Tuesday, an action President Donald Trump threatened last week as he criticized the country's unfair trade practices.
- President Trump visited Pittsburgh on Tuesday to praise companies, for investing more than $90 billion in data centers and other energy projects in Pennsylvania, aimed at accelerating the development of artificial intelligence.
- Medicare plans to slash payments for expensive and untested skin bandages that have cost the federal government billions of dollars, the Trump administration announced Monday.
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