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Supreme Court declines to lift eviction moratorium

The U.S. Supreme Court ruled in a 5-4 decision issued Tuesday evening to leave the national moratorium on evictions imposed by the Centers for Disease Control and Prevention intact through July 31.

Driving the news: The Biden administration issued a 30-day extension to the temporary halt in residential evictions, the CDC announced last week, after its original deadline was set to expire on June 30.


  • But a group of landlords and real-estate companies filed an emergency request to override the extension and effectively end the moratorium after a federal judge ruled last month it was "legally unsupportable," the Wall Street Journal reports.

The big picture: Chief Justice John Roberts and Justice Brett Kavanaugh joined the court's three liberal justices in declining to lift the U.S.-wide moratorium.

  • Justices Clarence Thomas, Samuel Alito, Neil Gorsuch and Amy Coney Barrett voted to lift the moratorium.
  • Kavanaugh said he agreed that the CDC exceeded its authority in enacting the moratorium, but added that the extra weeks of the extension will allow the government "additional and more orderly distribution of the congressionally appropriated rental assistance funds."
  • "In my view, clear and specific congressional authorization (via new legislation) would be necessary for the CDC to extend the moratorium past July 31," he added.

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Voters in Minnesota, Georgia, Wisconsin, Conneticut and Vermont cast ballots

Primary elections are being held on Tuesday in Minnesota, Georgia, Connecticut, Vermont and Wisconsin.

The big picture: Georgia and Wisconsin both struggled to hold primaries during the coronavirus pandemic, but are doing so again — testing their voting systems ahead of the general election. Rep. Ilhan Omar (D-Minn.) is facing a strong challenger as she fights for her political career. In Georgia, a Republican primary runoff pits a QAnon supporter against a hardline conservative.

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Fox News cancels Lou Dobbs’ show

Fox News has cancelled its business network's “Lou Dobbs Tonight" and will air the program's final show on Friday night, the LA Times first reported.

Why it matters: Dobbs, Trump’s favorite TV host, helped promote the baseless assertions of widespread voter fraud in the 2020 election. Conservative-leaning media companies, including Fox, are in the throes of navigating a post-Trump landscape.

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Economic fears during the COVID comeback have been largely transitory

Although the U.S. economy is well into a recovery from the depths of the COVID-19 crisis, there’s been plenty of news along the way that could have battered markets or led to a more sustained correction. But so far, that hasn’t happened.

Why it matters: The equity market still has almost blind faith that the Federal Reserve will bail it out in a time of crisis, and, increasingly in the belief that the current bout of inflation will be largely temporary.

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Autonomous trucks wow Wall Street

Autonomous trucking is a hot commodity as investors once dazzled by self-driving cars are now pouring truckloads of money into automated logistics.

The big picture: It's still not clear when robotaxis might be ready for large-scale deployment. Meanwhile, the explosion of e-commerce since the pandemic has created an increased demand for shipping.

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