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Washington: President Biden signed Inflation reduction law Tuesday at the White House, finalizing a signature law aimed at fighting climate change, reducing health care costs and raising corporate taxes just weeks before the midterm elections. The House and Senate passed the bill along party lines last week, after Democratic Sen. Joe Manchin and Senate Majority Leader Chuck Schumer reached an agreement after months of negotiations. Both senators were on hand for Tuesday’s signing ceremony. “Let me say from the beginning, with this law, the American people won and the special interests lost,” Biden told the crowd gathered at the White…

By DAMIAN J. TROISE and ALEX VEIGA Another hectic day of trading on Wall Street ended Tuesday with a mostly higher finish for stocks adding to the market’s recent streak of gains. The S&P 500 rose 0.2%, its third straight gain. The Dow Jones Industrial Average rose 0.7%, extending its winning streak to a fifth day. The Nasdaq fell 0.2%. Bond yields gained ground. The 10-year Treasury yield rose to 2.81% from 2.79% late Monday. The latest market moves came as traders cautiously reviewed encouraging financial results from major retailers. Walmart rose 5.1% after the nation’s largest retailer reported strong…

A Nassau County police detective was among nine alleged members and associates of the Genovese and Bonanno organized crime families charged in connection with alleged illegal gambling operations in Lynbrook, Valley Stream, Hempstead, West Babylon and Queens , federal prosecutors said Tuesday. “Today’s arrests of members of two La Cosa Nostra crime families demonstrate that the Mafia continues to pollute our communities with illegal gambling, extortion and violence while using our financial system in the service of its criminal schemes” , U.S. Attorney Breon Peace said in a statement. “The defendants tried to hide their criminal activity by operating from…

WEST NEWBURY – Two teenagers were caught after they entered the construction site of the new Pentucket Regional High School and drove a forklift, according to police. West Newbury Police Sgt. Jay Johnson was checking the scene around 1:30 a.m. Saturday during his regular patrol when he noticed what Chief Michael Dwyer called “unusual activity.” Looking closer, Johnson saw the teenagers on the forklift and confronted them. Sean P. Gallagher, 18, of Groveland, was arrested and charged with unauthorized use of a motor vehicle, trespassing and malicious destruction of property under $1,200. The second teenager, Luis-Anthony N. Ciriaco, 18, also…

A tractor grinds processed marijuana during a raid outside Central Point. Jackson County Sheriff’s Office photo Police: Grow disguised as hemp grows Local law enforcement conducted a series of recent marijuana busts, including a bust with the Jackson County Sheriff’s Office’s SWAT team reinforcements because of the dangers posed by the alleged hookup of cultivation with a drug trafficking organization. Detectives from the Illegal Marijuana Enforcement Team teamed up with the SWAT team for Friday’s raid after determining there was a “high threat level” due to the site’s connection with a drug-trafficking organization, the sheriff’s office said. Law enforcement officials…