The Trump administration has instructed the National Oceanic and Atmospheric Administration (NOAA) to prepare for the loss of another 1,000 workers, in addition to the 1,300 staff already let go, potentially hindering NOAA’s ability to provide lifesaving forecasts as hurricane season approaches. NOAA managers are required to propose layoffs and reorganizations to reduce staff by 1,000 people, following President Trump’s executive order for federal workforce reductions. The cuts have raised concerns among scientists and meteorologists, affecting NOAA’s ability to predict severe weather, monitor climate change, and oversee various environmental programs, with organizations urging Congress to oppose these actions.
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Why Alphabet Stock Flopped on Friday
Alphabet (NASDAQ: GOOG, GOOGL) shares dropped nearly 4% at the end of the trading week, significantly underperforming the S&P 500's 0.2% decline, following the European Union's ruling that the company must pay a €4.1 billion ($4.7 billion) fine for limiting search engine competition through its Android system. Alphabet is currently appealing this fine, which stems from a 2018 decision. Explain It To Me Like I'm 5: Alphabet, the company that owns Google, lost money because...
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