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Economy

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Stocks are opening broadly lower on Wall Street Monday, following declines overseas and extending a weak patch that has brought the U.S. market down over the past two weeks. The S&P 500 was down 1.3% in the early going. The benchmark index hasn’t had a decline of more than 1% since mid-August. Hong Kong’s main index dropped 3.3%, its biggest loss since July, over worries about ripple effects from the severe troubles of the debt-laden Chinese real estate company Evergrande. European markets were also down about 2%. The yield on the 10-year Treasury dropped to 1.32% as investors turned to lower-risk assets.

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GENEVA (AP) — The U.N.'s intellectual property agency said Monday that innovation marched forward last year despite the impact of the coronavirus outbreak. Technology, pharmaceuticals and biotech industries boosted their investments, even as hard-hit sectors like transport and travel eased back on spending.

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TUNIS, Tunisia (AP) — Protesters angry at the Tunisian president’s seizure of broad powers faced off with his supporters Saturday in competing demonstrations in the North African nation's capital of Tunis.

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WASHINGTON (AP) — President Joe Biden entered the White House promising to stop the twin health and economic crises caused by COVID-19, but $1.9 trillion and countless initiatives later he’s confronting the limits of what Washington can achieve when some state and local governments are unwilling or unable to step up.

SACRAMENTO, Calif. (AP) — Public school teachers and staff returning to the classroom in August fueled another impressive month of job gains in California as officials said Friday that the state added another 104,300 jobs on its march to erase an unprecedented pandemic employment deficit.

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