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Two of the world's biggest carmakers may soon join forces.Fiat Chrysler said Monday that it had submitted a merger proposal to French rival Renault. Each carmaker would control half of the merged entity, it added.Renault said in a statement that its board of directors would meet on Monday to discuss the proposal. The French carmaker's stock surged 13%, while Fiat Chrysler shares jumped nearly 18% in Milan.The companies 435

WEST HOLLYWOOD, Calif. – The popular gay dating and social networking app Grindr says it will remove the option to filter users by ethnicity. Grindr made the announcement Monday in an Instagram post about the company’s support of the Black Lives Matter movement. “We will continue to fight racism on Grindr, both through dialogue with our community and a zero-tolerance policy for racism and hate speech on our platform,” wrote Grindr. “As part of this commitment, and based on your feedback, we have decided to remove the ethnicity filter from our next release.”The removal of the ethnicity filter comes after growing criticism from people who argue it supports racism within the LGBTQ+ community. In the Instagram post, Grindr also announced that it would make donations to the Marsha P. Johnson Institute and Black Lives Matter. The company also said its Pride Perseveres calendar would soon be announced, but Pride celebrators have the added responsibility this year to support queer people of color and the Black Lives Matter movement. This comes amid ongoing protests over the killing of George Floyd and police brutality as a whole. 1152

Walgreens will close about 200 locations across the United States as part of its plan to cut costs.After buying roughly half of Rite Aid's stores two years ago, Walgreens expanded its American footprint to more than 9,500 stores. The planned closures represent less than 3% of Walgreens locations.The closures will cause "minimal disruption to customers and patients," Walgreens said in a statement. The company will also find jobs for the affected employees in nearby locations. Walgreens did not provide a list of the stores that it plans to close.Parent company Walgreens Boots Alliance announced in June it would close 200 of its more than 2,400 Boots stores in the United Kingdom. The company expects the combined closures to save it .5 billion annually by the end of fiscal 2022. Earlier this year, Walgreens issued a weak profit outlook for 2019, so it pledged to cut costs to boost earnings.Walgreens faces a litany of challenges, including lower prices for generic drugs and a persistent decline in reimbursement rates for medications from state and federal government health care plans.The company revealed in a regulatory filing Tuesday that will take a pre-tax charge of as much as .4 billion for the closures.Rival CVS offered a far rosier outlook. It reported stronger-than-expected earnings Wednesday and boosted its full-year outlook. 1366

WASHINGTON — The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak. The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook. The central bank said it will keep rates at nearly zero until it feels confident the economy has weathered recent events. The Fed also said it has dropped its requirements that banks hold cash reserves in another move to encourage lending.The Fed's announcement comes after President Donald Trump badgered the the apolitical agency throughout weekend, pushing them to lower rates. Trump lauded the decision at a press conference at the White House on Sunday evening."I'm very happy," Trump said. "...you won't hear anything bad from me (about the fed) unless it's a few months from now." 1018

WASHINGTON, D.C. – The U.S. Department of State has issued a level 4 travel advisory, advising Americans to avoid all international travel due to the global impact of COVID-19, the illness caused by the new coronavirus. Thursday afternoon, DOS said that if U.S. citizens are in countries where commercial departure options are still available, they should arrange for immediate return to America, unless they are prepared to remain abroad for an indefinite period of time. Travel Advisory: Level 4 - The Department of State advises U.S. citizens to avoid all international travel due to the global impact of 620

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