New York Times business news - July 16
SPY•The New York Times moves to quash subpoenas
The New York Times filed a motion to quash subpoenas issued by the Trump administration to several of its journalists last week.
U.S. to impose new 25% tariff on Brazil next week
The U.S. government said it would impose a new 25% tariff on Brazil next week applicable to thousands of Brazilian products while exempting major exports like oil and gas, beef, coffee, oranges, and aircraft parts.
Stripe and Advent International offer to acquire PayPal
Payments company Stripe and private equity firm Advent International have offered to acquire PayPal for about $53 billion, with the takeover bid valuing PayPal’s shares at about $60.50.
NextEra Energy and Dominion Energy file petitions for utility combination
NextEra Energy and Dominion Energy filed petitions with regulators in Virginia, North Carolina and South Carolina to combine their companies, a deal that would form the largest electric utility and power company in the U.S.
