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AP National Business

Takeaways of AP report on DEA probe of drug distributor accused of fueling opioid epidemic

By JIM MUSTIAN and JOSHUA GOODMAN Associated Press SHREVEPORT, La. (AP) — The U.S. Drug Enforcement Administration has allowed one of the nation’s largest drug distributors to keep shipping addictive painkillers for nearly four years despite a judge’s recommendation to strip its license for turning a blind eye to thousands of suspicious opioid orders. The

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New Chinese ambassador to US taking office amid disputes over trade, access to technology, Taiwan

BEIJING (AP) — China’s new ambassador to the U.S. is taking office amid disputes over trade, access to computer chips and Washington’s support for self-governing Taiwan. Chinese state media said Xie Feng arrived in New York on Tuesday and told reporters that relations between the world’s two largest economies face “serious difficulties and challenges.” Exchanges

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Debt ceiling talks stuck on classic problem: Republicans demand spending cuts and Democrats want to spend

By LISA MASCARO and SEUNG MIN KIM Associated Press WASHINGTON (AP) — Debt ceiling negotiations are locked on a classic problem that has vexed, divided and disrupted Washington before: Republicans led by House Speaker Kevin McCarthy want to roll back federal government spending, while President Joe Biden and other Democrats do not. Time is short

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China presses Dutch minister for access to chipmaking tech blocked on security grounds

By JOE McDONALD AP Business Writer BEIJING (AP) — China’s foreign minister has pressed his Dutch counterpart for access to advanced chipmaking technology that has been blocked on security grounds and warned against allowing what he said were unfounded fears of Beijing to spoil relations. Chinese frustration with curbs imposed by the Netherlands, Washington and

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