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Ellison said in a letter when he took over that he was confident they would "meaningfully exceed" the $2 billion goal. Paramount is also looking to cut back on programming at its cable networks and sell real estate and TV networks in Latin America.
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The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated.
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Although both sides said progress has been made - Trump said things were "pretty much finalized" - no agreement has been signed yet. The framework includes gradual investments, cooperation on shipbuilding and the lowering of Trump's tariffs on South Korea's automobile exports, according to Kim Yong-beom, Lee's chief of staff for policy.
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