Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.
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UPCOMING
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US OAK FLAT COPPER MINING
DESCRIPTION: A federal land transfer that would clear the way for a massive copper mine in Arizona is set to move forward as an injunction expires Tuesday. Environmentalists are asking a federal appeals court to intervene, saying the exchange will ensure the destruction of an area held sacred by Native Americans. On merits.
ON MERITS: By 08/19/2025 3:00 p.m. EDT, Text, Photo
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UVALDE-SCHOOL-SHOOTING-LAWSUIT
DESCRIPTION: Lawyers for Instagram parent company Meta are set to argue that a lawsuit brought by families of victims of the Uvalde, Texas school shooting should be thrown out based on First Amendment and other legal grounds. The hearing is scheduled for Tuesday in a courtroom in California, where the parents sued Meta and video game company Activision, alleging they promote firearms to minors. The plaintiffs say Instagram shoddily enforces its rules against firearm advertising and allows teens to be inundated with the promotion of guns and violence.
UPCOMING: By 08/19/2025 4:30 p.m. EDT, Text, Photo
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TRUMP-MASS-FIRINGS
DESCRIPTION: San Francisco - 9th circuit court of appeals hears oral arguments in challenge to mass firings of federal probationary workers. Trump administration wants appeals court to overturn lower court finding that firings were likely illegal as no agency can order another federal agency on firing decisions. Daily on merits.
ON MERITS: By 08/19/2025 5:00 p.m. EDT, Text
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NEW AND DEVELOPING
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US--LAS VEGAS-TOURISM
Las Vegas tourism is down. Some blame Trump's tariffs and immigration crackdown
SUMMARY: Tourism in Las Vegas is slumping this summer, with resorts and convention centers reporting fewer visitors compared to last year, especially from abroad. Some officials are blaming the Trump administration's tariffs and immigration policies for the decline. The city known for lavish shows, endless buffets and around-the-clock gambling welcomed just under 3.1 million tourists in June, an 11% drop compared to the same time in 2024. According to data from the Las Vegas Convention and Visitors Authority, there were 13% fewer international travelers, and hotel occupancy fell by about 15%. Mayor Shelley Berkley says tourism from Canada has dried up from a torrent "to a drip." Same with Mexico.
WORDS: 805 - MOVED: 08/19/2025 10:02 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:fbcb23cacef7c54f4ecaac0a43ba0703&mediaType=text
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FINANCIAL MARKETS
Home Depot climbs as most of Wall Street remains stuck in a summer lull
SUMMARY: Wall Street is holding steady, stuck in a summer lull. The S&P 500 slipped 0.2% Tuesday and remains near its all-time high set last week. The Dow Jones Industrial Average added 68 points, and the Nasdaq composite fell 0.4%. Home Depot helped lead the Dow after standing by its forecast for profit and revenue this year. Wall Street could remain relatively quiet until Friday, when the head of the Federal Reserve will give a speech that traders hope will indicate cuts to interest rates are likely. Treasury yields edged a bit lower in the bond market on expectations for coming cuts.
WORDS: 636 - MOVED: 08/19/2025 9:49 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:0a2f07987dabb74a8da0927023a92610&mediaType=text
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US--NEXSTAR-TEGNA
Nexstar Media Group buying Tegna in deal worth $6.2 billion
SUMMARY: Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, which will help strengthen its local news offerings. Nexstar will pay $22 in cash for each share of Tegna's outstanding stock. The transaction, if approved, will bring together two major players in U.S. television and the country's local news landscape. Nexstar oversees more than 200 owned and partner stations in 116 markets nationwide today, and also runs networks like The CW and NewsNation.
WORDS: 563 - MOVED: 08/19/2025 9:13 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:c1743d55103a809ea31c5c7c7c4c0c87&mediaType=text
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US--HOME DEPOT-RESULTS
Home Depot's sales improve as customers stay focused on smaller projects
SUMMARY: Home Depot's sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns, but its performance missed Wall Street's expectations. Revenue for the three months ended August 3 climbed to $45.28 billion from $43.18 billion, but fell short of the $45.41 billion that analysts polled by FactSet were looking for. Sales at stores open at least a year, a key indicator of a retailer's health, rose 1%. In the U.S., comparable store sales increased 1.4%.
WORDS: 439 - MOVED: 08/19/2025 7:26 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:18822cfda70b73319c72826389fc29c5&mediaType=text
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CN--CANADA-FLIGHT ATTENDANTS
Air Canada reaches deal with flight attendant union to end strike, operations to gradually restart
SUMMARY: Air Canada has reached an agreement with the union representing 10,000 flight attendants to end a strike. The union first announced the agreement early Tuesday after talks resumed late Monday. The strike, which began over the weekend, affected about 130,000 travelers daily during the peak summer travel season. Flights will start resuming Tuesday evening, but full restoration may take a week or more. The agreement guarantees pay for work performed while planes are on the ground, resolving a major issue. Air Canada operates around 700 flights daily and estimated that 500,000 customers were affected by cancellations.
WORDS: 594 - MOVED: 08/19/2025 7:15 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:0b1f00f99b813128cd7694006aea8ff1&mediaType=text
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EU--APPLE-ENCRYPTION
Gabbard says UK scraps demand for Apple to give backdoor access to data
SUMMARY: Britain has dropped its demand for Apple to provide backdoor access to encrypted user data stored in the cloud. U.S. Director of National Intelligence Tulsi Gabbard indicated Monday that London and Washington resolved their dispute over electronic privacy. Gabbard says she, President Donald Trump and Vice President JD Vance have worked with the U.K. government for months. The dispute began earlier this year when British security officials reportedly issued Apple a secret order for backdoor access. Apple had challenged the order that raised concerns about electronic spying. The U.K. Home Office did not directly respond to Gabbard's statement.
WORDS: 387 - MOVED: 08/19/2025 6:37 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:bd1114c2f8ef5bcbfa7b870c32505e4f&mediaType=text
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INTEL-SOFTBANK
Japan's SoftBank to take $2 billion stake in computer chip maker Intel
SUMMARY: Japanese technology giant SoftBank Group says it plans to take a $2 billion stake in computer chip maker Intel as it deepens its involvement in U.S. semiconductor manufacturing in the United States. The announcement by the companies Monday caused share prices in both to fall. It coincides with reports that President Donald Trump is considering having the U.S. government buy a stake in the chip maker. Intel is shedding thousands of workers and cutting expenses under CEO Lip-Bu Tan. Trump recently said Tan should resign but after meeting with him last week said he had an "amazing story." SoftBank's chairman, Masayoshi Son, said he expects Intel to play a critical role in expanding chipmaking in the U.S.
WORDS: 369 - MOVED: 08/19/2025 3:53 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:d852cc20b144ca7222edabf1c7cba157&mediaType=text
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BKN--CELTICS SALE
Boston Celtics sale is done. Bill Chisholm takes over as owner of NBA's most-decorated franchise
SUMMARY: The sale of the Boston Celtics has been finalized. Private equity mogul Bill Chisholm has taken control of the NBA's most-decorated franchise from a group led by Wyc Grousbeck that had owned them for more than two decades. The team was put on the market last summer, soon after it won its record 18th NBA championship. Chisholm won the bidding in March with an offer that valued the franchise at more than $6.1 billion -- a record price paid for an American professional sports team. The NBA approved the deal unanimously last week, and the money changed hands on Tuesday.
WORDS: 222 - MOVED: 08/19/2025 9:42 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:ef45cc1c8cd15685c54af5ef4a523e58&mediaType=text
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