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AP Top Business News at 7:34 a.m. EDT

Divided Republicans in Congress are tackling an ambitious overhaul of the nation's tax system that would deeply cut levies for corporations and double the standard deduction used by most average Americans
WASHINGTON (AP) -- Divided Republicans in Congress are tackling an ambitious overhaul of the nation's tax system that would deeply cut levies for corporations and double the standard deduction used by most average Americans....

Immigrant medical students in the U.S. are taking an active role in the debate over the future of a program that shields hundreds of thousands of people from deportation
CHICAGO (AP) -- Medical student Alejandra Duran Arreola dreams of becoming an OB-GYN in her home state of Georgia, where there's a shortage of doctors and one of the highest maternal mortality rates in the U.S....

Trump opens door to dual Federal Reserve appointments of Powell and Taylor
WASHINGTON (AP) -- President Donald Trump signaled Friday that he is considering dual nominations for the Federal Reserve's top two jobs....

Federal Reserve Chair Janet Yellen defends the central bank's extraordinary efforts to fight the Great Recession and says they might be needed again
WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen on Friday defended the central bank's extraordinary efforts to fight the Great Recession and said they might be needed again....

The US is looking to ban laptops from checked bags on international flights. Questions and answers on the proposal.
WASHINGTON (AP) -- First the U.S. government temporarily banned laptops in the cabins of some airplanes. Now it is looking to ban them from checked luggage on international flights, citing the risk of potentially catastrophic fires....

A Los Angeles judge has tossed out a $417 million jury award to a woman who claimed she developed ovarian cancer by using Johnson & Johnson baby powder for feminine hygiene
LOS ANGELES (AP) -- A judge on Friday tossed out a $417 million jury award to a woman who claimed she developed ovarian cancer by using Johnson & Johnson talc-based baby powder for feminine hygiene....

End of an era for Hong Kong's last remaining stock market floor traders as exchange prepares to shut its trading hall, joining other world exchanges in going fully automated
HONG KONG (AP) -- Hong Kong's last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall....

Wall Street capped a week with no shortage of milestones with a few more Friday
Wall Street capped a week with no shortage of milestones with a few more Friday....

President Donald Trump is promising tax cuts the 'biggest in the history of our country' following Senate passage of a $4 trillion budget plan
WASHINGTON (AP) -- President Donald Trump promised tax cuts Friday "which will be the biggest in the history of our country" following Senate passage of a $4 trillion budget that lays the groundwork for Republicans' promised tax legislation....

General Electric's 3Q profit falls far short of expectations, outlook slashed.
NEW YORK (AP) -- General Electric's new CEO is starting to lay out bold plans to return the conglomerate to its industrial roots by slashing costs and streamlining its operations....

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Up to the Minute
Federal Reserve Chair Janet Yellen defends the central bank's extraordinary efforts to fight the Great Recession and says they might be needed again

Trump opens door to dual Federal Reserve appointments of Powell and Taylor

The number of rigs exploring for oil and natural gas in the U.S. decreased by 15 this week to 913

The parent of Lord & Taylor and Saks Fifth Avenue says that its CEO Jerry Storch is stepping down and will return to his advisory firm on Nov. 1

General Electric's 3Q profit falls far short of expectations, outlook slashed.

Stocks closed higher Friday, extending a record-setting drive for major indexes

Wall Street capped a week with no shortage of milestones with a few more Friday

PayPal Holdings and Skechers USA advance while Procter and Gamble, Celgene fall

Stocks are closing higher on Wall Street, led by gains in technology companies and banks.

Axon shares fall after the stun gun maker blames "miscommunication" for its failure to respond to SEC inquiries


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