Press Digest: New York Times business news - July 16

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16/07/2026 06:32

July 16 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
     
- The U.S. government said it would impose a new 25% tariff on Brazil next week applicable to thousands of Brazilian products while exempting major exports like oil and gas, beef, coffee, oranges, and aircraft parts.
- NextEra Energy NEE.N and Dominion Energy D.N filed petitions with regulators in Virginia, North Carolina and South Carolina to combine their companies, a deal that would form the largest electric utility and power company in the U.S.
- Payments company Stripe and private equity firm Advent International have offered to acquire PayPal PYPL.O for about $53 billion, with the takeover bid valuing PayPal’s shares at about $60.50.
- The New York Times filed a motion to quash subpoenas issued by the Trump administration to several of its journalists last week.

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))