AP Business Digest
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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ENT-MOANA TRIAL
DESCRIPTION: Was "Moana" based on a boy named Bucky? Plaintiffs will argue that it was in closing arguments in a federal court in Los Angeles on Monday at a trial over the origins of Disney's 2016 hit about a questing Polynesian princess.
UPCOMING: By 03/10/2025 5:00 p.m. EDT, Text, Photo
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JAPAN-ECONOMY
DESCRIPTION: The Japanese government releases revised economic growth data for the October-December quarter.
UPCOMING: By 03/10/2025 11:00 p.m. EDT, Text, Photo
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NEW AND DEVELOPING
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US--CLIMATE-CHANGE-STATE LAWSUITS
Supreme Court rejects Republican-led effort to halt climate change lawsuits in Democratic-led states
SUMMARY: The Supreme Court has rejected a lawsuit from Republican attorneys general in 19 states aimed at blocking climate change suits against the oil and gas industry from Democratic-led states. The justices acted Monday on an unusual Republican effort to file suit in the Supreme Court over the Democratic states' use of their own state courts to sue fossil fuel companies for deceiving the public about the risks of their products contributing to climate change. The Supreme Court typically hears only appeals, but the Constitution authorizes it to hear original lawsuits states file against each other. The Republican action was led by Alabama's attorney general and sought to stop lawsuits from California, Connecticut, Minnesota, New Jersey and Rhode Island.
WORDS: 316 - MOVED: 03/10/2025 10:18 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:d38a557894276083f94f47cae4127ddd&mediaType=text
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US--NEW JERSEY TRANSIT-ENGINEERS
NJ Transit and engineers union agree to new contract and avoid a possible strike
SUMMARY: New Jersey Transit and its rail engineers union have agreed to a new labor contract, averting a possible strike. NJ Transit President and CEO Kris Kolluri and the general chairman of the Brotherhood of Locomotive Engineers and Trainmen, Thomas Haas, announced the contract deal Monday in a joint statement. Details of the agreement are still murky, but the statement says the contract will include a "reasonable wage increase" for the union's members, a well as the resolution of a long-standing grievance. Messages seeking further details have been left with both parties.
WORDS: 189 - MOVED: 03/10/2025 10:08 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:d4b1737e11ec64fc0a4dfee54ab8a162&mediaType=text
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EU--BRITAIN-SHIPS COLLIDE
Port chief says 32 people brought ashore after ships collide and catch fire in the North Sea
SUMMARY: The boss of an English port says 32 people have been brought ashore after a collision between an oil tanker and a cargo ship in the North Sea. Their condition is not immediately clear. Britain's Maritime and Coastguard Agency said several lifeboats and a coast guard rescue helicopter were dispatched to the scene in the North Sea, along with a coast guard plane and nearby vessels with firefighting capability. The ships involved are the U.S.-flagged chemical and oil products carrier MV Stena Immaculate and the Portugal-flagged container ship Solong. Video footage aired by the BBC showed thick black smoke pouring from both ships.
WORDS: 369 - MOVED: 03/10/2025 10:07 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:d9c97c9968d04907fb9d9e94145e9072&mediaType=text
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FINANCIAL MARKETS
Stock market today: Wall Street's sell-off gets worse as worries build about the economy
SUMMARY: Wall Street's sell-off is worsening as worries about the economy and President Donald Trump's tariffs send U.S. stocks further from their record set just last month. The S&P 500 fell 1.4% in early Monday trading, coming off its worst week since September. The Dow Jones Industrial Average dropped 430 points, and the Nasdaq composite sank 2.1%. Stocks are on track for another bumpy day following a scary stretch dominated by worries that Trump's on-and-off-again tariffs will either hurt the economy directly or create enough uncertainty to drive U.S. companies and consumers into an economy-harming paralysis.
WORDS: 727 - MOVED: 03/10/2025 9:47 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:174603e75feb9d5cca96c08817e0c7c2&mediaType=text
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EU--GREENLAND-WHY NOW-EXPLAINER
What makes Greenland a strategic prize at a time of rising tensions? And why now?
SUMMARY: U.S. President Donald Trump first suggested buying Greenland in 2019. People thought it was a joke at the time. But no one is laughing now. Trump's interest in Greenland has been restated vigorously soon after he returned to the White House in January. It comes as part of an aggressively "America First" foreign policy platform. Increasing international tensions, global warming and the changing world economy have put Greenland at the heart of the debate over global trade and security.
WORDS: 884 - MOVED: 03/10/2025 9:45 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:c86afc33375d0fe260f065a662e04b57&mediaType=text
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EU--GERMANY-AIRPORT STRIKE
A one-day strike at 13 German airports, including the main hubs, brings most flights to a halt
SUMMARY: A one-day strike by workers at 13 German airports, including the Frankfurt and Munich hubs and all the country's other main destinations, has caused the cancelation of most flights. The 24-hour walkout started at midnight on Sunday. It involves public-sector employees at the airports as well as ground and security staff. The ver.di service workers' union targeted the Hamburg, Bremen, Hannover, Berlin, Duesseldorf, Dortmund, Cologne/Bonn, Leipzig/Halle, Frankfurt, Stuttgart and Munich airports. At the smaller Weeze and Karlsruhe/Baden-Baden airports, only security workers were called out. The German airports' association estimated that more than 3,500 flights in total would be canceled and about 560,000 passengers affected.
WORDS: 304 - MOVED: 03/10/2025 9:44 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:7b78de205ec7762f0c73536355b87fb7&mediaType=text
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EU--GERMANY-POLITICS
Germany's prospective new government struggles to win support for defense, infrastructure plans
WORDS: 401 - MOVED: 03/10/2025 8:04 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:118c26b74c532c6f346ed5f7c5f56e9a&mediaType=text
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US--TRUMP-GILDED AGE-ABRIDGED
Trump loves Gilded Age tariffs. It was a great time for the rich but not for the many
SUMMARY: In President Donald Trump's idealized framing, the United States was at its zenith in the 1890s. The Republican has said repeatedly, "We were at our richest from 1870 to 1913. That's when we were a tariff country." Trump points to decades after the Civil War, when the federal government ran frequent budget surpluses. Tariffs were then the government's main source of revenue and were high. But economists and historians say most of the era's growth was due to factors like the country's booming population, advances in technology and expansion of territory, which gave it new natural resources to exploit. They also say tariffs didn't play as large a role as Trump suggests.
WORDS: 1043 - MOVED: 03/10/2025 7:32 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:074a0636b923bf2a9f4cb6fdab023724&mediaType=text
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US--TRUMP-GILDED AGE
Trump loves the Gilded Age and its tariffs. It was a great time for the rich but not for the many
SUMMARY: In President Donald Trump's idealized framing, the United States was at its zenith in the 1890s. The Republican has said repeatedly, "We were at our richest from 1870 to 1913. That's when we were a tariff country." Trump points to decades after the Civil War, when the federal government ran frequent budget surpluses. Tariffs were then the government's main source of revenue and were high. But economists and historians say most of the era's growth was due to factors like the country's booming population, advances in technology and expansion of territory, which gave it new natural resources to exploit. They also say tariffs didn't play as large a role as Trump suggests.
WORDS: 2629 - MOVED: 03/10/2025 7:29 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:1592dab80ad7159266db51b5baa774b6&mediaType=text
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US-AI-TECHNOLOGY-VINEYARDS
AI made its way to vineyards. Here's how the technology is helping make your wine
SUMMARY: As AI continues to grow, experts say that the wine industry is proof that businesses can integrate the technology efficiently to supplement labor without displacing a workforce. New agricultural tech like AI can help farmers to cut back on waste, and to run more efficient and sustainable vineyards by monitoring water use and helping determine when and where to use products like fertilizers or pest control. AI-backed tractors and irrigation systems can minimize water use by analyzing soil or vines, while also helping farmers manage acres of vineyards by providing more accurate data on the health of a crop or what a season's yield will be.
WORDS: 1230 - MOVED: 03/10/2025 6:26 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:9afba3e163e8efc6c710210a83970dd1&mediaType=text
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SOC--LIVERPOOL-ADIDAS
Liverpool switches back to Adidas from Nike for next season
WORDS: 175 - MOVED: 03/10/2025 5:54 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:3fce7717e04309593bc05e19a6610781&mediaType=text
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AS--AUSTRALIA-STORM
Floodwaters still threaten parts of Australia's east coast as tropical storm cleanup begins
SUMMARY: Australia's Prime Minister Anthony Albanese has cautioned that the fallout from a vicious tropical storm over the weekend was "far from over." Parts of two states remained inundated with perilous floodwaters on Monday, even as the initial threat from the deluge continued to recede. One person was killed and several others injured after heavy rain lashed Australia's east coast on Saturday. By Monday, 200,000 homes and businesses were still without power and some parts of Queensland and New South Wales remained under flood warnings. Albanese announced 13 weeks of welfare payments for those whose livelihoods were affected by the storm.
WORDS: 503 - MOVED: 03/10/2025 4:22 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:3c8604ad84e3c43e8f379e846233e206&mediaType=text
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AS--JAPAN-NISSAN-DRIVERLESS VEHICLE
Japan's Nissan tests driverless vehicles in city streets filled with cars and people
SUMMARY: Nissan Motor Corp. recently showcased its driverless technology on city streets in Yokohama. The vehicle uses 14 cameras, nine radars and six LiDar sensors, installed on and around the vehicle. Japan has not kept apace of the global shift to autonomous driving, so far led by China and the U.S. But it is eager to catch up with players like Google's Waymo that have taken the lead. The government supports the idea that autonomous vehicles are needed, given the nation's shrinking population. But progress has been cautious. Experts say challenges remain because it's human nature to be more alarmed by accidents with driverless vehicles than regular car crashes.
WORDS: 844 - MOVED: 03/10/2025 3:46 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:5c12444c3931d1c7a0280789d2b0cba9&mediaType=text
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EU--CYPRUS-WINE OF KINGS
Micro-wineries in Cyprus hope to give the world's oldest named wine a comeback
SUMMARY: Praised by the ancient Greek giants Homer and Euripides for its superb quality nearly 3,000 years ago, Cyprus' Commandaria is the world's oldest recorded and named wine. Despite its rich heritage, the sweet wine has struggled to find its niche in the global market. Now a number of micro-wineries in this east Mediterranean island nation are reviving traditional wine-making techniques and giving Commandaria a chance at a long-awaited comeback. Makers hope to tap rich legends around the ruby red wine.
WORDS: 799 - MOVED: 03/10/2025 12:21 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:e949576d95915066284b6b56df952e57&mediaType=text
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US-EEOC-WORKER PUSHBACK
Meet the federal worker who went rogue: 'I hope that it lights a fire under people'
SUMMARY: To billionaire Elon Musk and his cost-cutting team at the Department of Government Efficiency, Karen Ortiz may just be one of many faceless bureaucrats. But to some of her colleagues, she is giving a voice to those who feel they can't speak out. Ortiz is an administrative judge at the Equal Employment Opportunity Commission and she has been aghast at all the changes and cost-cutting measures put in place under President Donald Trump. Ortiz fought back in her own small way, blasting out an email to EEOC Acting Chair Andrea Lucas and copying more than 1,000 coworkers. In it, Ortiz questioned Lucas's fitness to serve as acting chair, "much less hold a license to practice law." The email made it onto the internet, receiving more than 10,000 "upvotes" on Reddit.
WORDS: 1332 - MOVED: 03/10/2025 12:17 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:6ebc3cfb90298ae06f46d0ed4898733d&mediaType=text
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