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Stocks claw back...Trump highlighting natural gas exports...Do soda taxes affect health?

May 14, 2019

NEW YORK (AP) _ Stocks are broadly higher in afternoon trading on Wall Street as the market gains back about half of the ground it lost in a rout a day earlier. Technology companies, which took a beating on Monday, led the market higher along with banks.

BISMARCK, N.D. (AP) — The escalating trade war between the U.S. and China is causing anxiety among rural farmers and bankers. Upper Midwest soybean farmer Jamie Beyer says these are days of “a little bit of panic.” Minnesota agriculture lender Kent Thiesse (TEE’-see) says most farmers were able to get financing for spring planting, but more federal aid might be needed to head off “serious losses” this fall.

WASHINGTON (AP) _ President Donald Trump is highlighting his administration’s efforts to ramp up liquefied natural gas exports during a plant visit in southwest Louisiana today. The $10 billion export terminal plant will liquefy natural gas for storage and shipping. Trump cites an increase in liquefied natural gas exports as boosting jobs and cementing the U.S.’s role as an energy provider for international markets.

UNDATED (AP) _ Expedia and major hotel companies were already facing two federal lawsuits alleging that they conspired to stifle competition. Now they’re also being investigated by Utah’s attorney general. Utah-based TravelPass Group, a tech company that matches customers to available hotel rooms, claims the hotels and Expedia worked together to limit the results of Google searches, which hurt competition and kept prices high.

PHILADELPHIA (AP) _ A new study bolsters evidence that soda taxes can reduce sales, but whether they influence health remains an open question. The research published Tuesday found that a Philadelphia tax imposed in 2017 led to higher prices and a 38 percent decline in soda sales that year. That’s taking into account an increase in sales in neighboring cities. The study appears in the Journal of the American Medical Association.

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