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August 21, 2024

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Welcome to The Hill’s Business & Economics Newsletter

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Business and Economics

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The world of lobbying: Ex-Apple employee joins auto trade group

The Alliance for Automotive Innovation, an auto industry trade group, is hiring Lindsay Abbate as director of technology policy. Abbate most recently served as manager of regulatory policy and government relations at Apple Inc. and comes from the White House Office of Information and Regulatory Affairs and the U.S. Small Business Administration.

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Crypto industry to pump ‘unprecedented’ funds into 2024 elections: report

According to a new report from Public Citizen, the cryptocurrency industry has spent more than $119 million on the 2024 federal elections to support crypto-friendly candidates and defeat crypto skeptics.

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Teamsters boss suggests DNC ignored him to protect ‘corporate elites’

In an interview on Wednesday, Sean O’Brien, president of the International Federation of Trucking Associations, suggested that “corporate elitists” were to blame for him not being allowed to speak at the Democratic National Convention (DNC).

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Ticker

Upcoming news topics and events to watch:

of Jackson Hole Economic Symposium Federal Reserve Chairman kicks off in Wyoming on Thursday Jerome Powell He is scheduled to speak on Friday morning.
of National Association of Realtors Release Existing housing July sales data is as of 10am ET.

In other news

Here’s a more detailed account of what happened that day:

Delta Air Lines and American Airlines have extended the suspension of flights to Israel as the war in Gaza drags on.

FORT WORTH, Texas (AP) — Delta Air Lines said Wednesday it is extending its suspension of flights until …

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Good to know

Business and economic news from other media:

Billionaire Timothy Mellon and Mike Bloomberg are pumping billions of dollars into 2024 super PACsNBC News)
Harris’ allies Pitching to the CEO She will be good for business (CNBC)
Trump’s campaign is much smaller. Money and infrastructure Harris (Politico)

What others are reading

Top stories on The Hill right now:

Watch out, Republicans are defecting en masse from Trump’s MAGA army

Before President Biden decided to withdraw from the 2024 presidential race, Democrats were marching to their national convention in Chicago with funeral-like joy. Party leaders were so concerned about possible congressional challenges to Biden’s renomination that… read more

Trump hits back at Obama: “Do we still have to stick to our policies?”

Former President Donald Trump on Wednesday mocked allies who suggested he shouldn’t make personal attacks, citing a fiery speech given the night before by former President Barack Obama and his wife, Michelle Obama, at the Democratic National Convention. read more