Some of Tuesday’s top business news stories:
Associated Press
Moderates bring House to standstill in Biden budget clash, by Lisa Mascaro, Kevin Freking
Existing home sales rose in July, inventory ticked higher, by Alex Veiga
CNN
Store closures are expected to hit a five-year low. But it’s not all good news, by Nathaniel Meyersohn
The shipping crisis is getting worse. Here’s what that means for holiday shopping, by Hanna Ziady
The Wall Street Journal
Vox Media Agrees to Acquire Punch, Weighs Going Public, by Benjamin Mullin
FAA to Review Boeing Employee Reports of Pressure Over Safety Issues, by Andrew Tangel
CNBC
Walmart launches delivery business to connect other local retailers with consumers, by Frank Holland
Fast-food wages climbed 10% in latest quarter, the largest jump in years, report says, by Amelia Lucas
Reuters
Six U.S. states do not join $26 bln opioid settlements with distributors, J&J, by Nate Rymond, Tom Hals
Pfizer to buy cancer drug developer Trillium in $2.3 bln deal
News about business journalism
Business Insider hires Whitehouse as senior finance editor
ACBJ to launch KY Inno next month
Plumb to lead Reuters’ Latin American news hub
BNN Bloomberg hires Durrani as national biz reporter
Niksa joins Real Deal as Silicon Valley/San Francisco reporter
ME Stoessel named associate publisher at Crain’s Cleveland
CoinDesk names Wang U.S. news editor
