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Londoners face hidden poverty premium, study says

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Amelia Lord is a white woman in her late 20s. She has shoulder length brown hair partly pulled back in a ponytail with frontpieces either side of her face. She has defined eyebrows and is wearing makeup, has a central nose ring and earrings, and is smiling at the camera. She wears a sleeveless black top. She is holding a pair of books and stands in front of a bookshelf with collections of books on it, including titles by Rebecca Yarros and the Harry Potter series by JK Rowling.

Low-income households in London are facing an additional burden of more than £600 a year to access standard goods and services, research suggests.

The study by Fair by Design, external, funded by Trust for London, found affected families in Peckham pay an average of £493 more annually than wealthier households for identical items.

This “poverty premium” rises to over £600 in the worst affected areas of the capital, driven by factors such as a higher reliance on high-interest credit and increased costs for non-direct debit billing.

A government spokesperson said ministers were “determined to turn the tide on poverty after years of rising hardship” and that their policies were working.

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The report’s authors found the single largest driver of the so-called poverty premium was food shopping, with 39% of families forced to rely on local convenience stores instead of larger supermarkets with more competitive pricing.

The research also noted that despite recent regulatory changes, energy and insurance systems continued to penalise the poorest across Britain.

Prepayment meter users pay £129 more a year than those on competitive fixed direct debit tariffs, while drivers living in deprived postcodes faced an average of £153 extra on their motor insurance.

Manny Hothi, chief executive of Trust for London, called for regulators to take into account the effect of their markets on people in poverty.

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He added it was vital to “end the unfairness of people having to pay more because they pay monthly or don’t sign up to direct debit.”

At a free cafe in Peckham run by the charity Pecan, visitor Josiah Lahai said he goes to the supermarket “and there are certain things I want but I can’t buy them.”

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CHPY Vs. DRAM: Buy The Diversified De-Risking Route, Hold The Memory Bet

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CHPY Vs. DRAM: Buy The Diversified De-Risking Route, Hold The Memory Bet

CHPY Vs. DRAM: Buy The Diversified De-Risking Route, Hold The Memory Bet

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Oterra expands blue colors into liquid formats

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Oterra expands blue colors into liquid formats

Company’s Jungle Blue and Arctic Blue also are available in powder formats.

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Paramount-WBD merger expected to face lawsuit from states, sources say

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Warner Bros. Discovery shareholder vote weighs Paramount deal

Jakub Porzycki | Nurphoto | Getty Images

A group of state attorneys general is expected to file a lawsuit as soon as Monday challenging Paramount Skydance’s proposed acquisition of Warner Bros. Discovery, CNBC’s David Faber reported.

The lawsuit, which will be brought by a group including California Attorney General Rob Bonta, is expected to try to block the merger on antitrust grounds, Faber reported.

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The deal would combine two storied film studios — Paramount and Warner Bros. — as well as streaming platforms Paramount+ and HBO Max. Paramount CEO David Ellison has previously said the streaming services would become one following the merger.

It would also mean the formation of the largest portfolio of TV networks in the U.S., bringing together Paramount’s broadcast network CBS and pay TV channels like MTV and BET with WBD’s CNN, TNT and others.

The merger won approval from WBD shareholders in April, and Ellison said in a recent earnings call that it was on track to close by September.

The deal came under scrutiny from lawmakers in both the U.S. and Europe, including related to foreign funding that was part of Paramount’s offer. In mid-June, the U.S. Department of Justice signed off on the tie-up, clearing it of federal antitrust concerns.

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“The Division has completed its analysis of the proposed merger of Paramount and Warner Bros. and determined based on the evidence received in its investigation that the transaction is not likely to result in harm to competition or American consumers,” the department said in its determination.

The merger has also won approval from several global jurisdictions as it moves toward a potential close.

However, the the European Union is still reviewing the deal for approval , with a new provisional deadline set for July 22. The European Commission said in a public filing this month that Paramount has submitted concessions in a bid to smooth over concerns regarding the deal.

Hollywood has previously expressed concerns about the combination, citing the likelihood for fewer film releases and the potential for job losses in the industry. Ellison has promised that once combined the film studios would put out a slate of 30 movies per year and has said he’s committed to protecting jobs.

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Ellison first set his sights on WBD last September. Just weeks after Paramount and Ellison’s Skydance completed its merger, the company made its initial run for WBD, resulting in several bids and a formal sale process.

WBD ultimately signed a deal to sell its film studio and streaming assets to Netflix. However, Paramount launched a hostile takeover offer and subsequently amended its bid. Netflix ditched its deal, and Paramount walked away with an agreement to buy the entirety of WBD for $31 per share.

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Ryan Blaney Wins Rain-Delayed Quaker State 400 in Overtime as Bubba Wallace Penalty Drops Him to 29th

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Ryan Blaney

Ryan Blaney turned in one of the most dominant performances of the NASCAR Cup Series season Sunday night, leading a race-high 171 laps and surviving a dramatic overtime finish to win the Quaker State 400 Available at Walmart at EchoPark Speedway in Hampton, Georgia, a race that carried into the early hours of Monday after a lengthy weather delay and ended with a controversial post-race penalty that dropped runner-up Bubba Wallace all the way to 29th.

Blaney, driving the No. 12 Team Penske Ford, started from the pole and controlled the majority of the 400-mile event, sweeping both stages en route to what became his second win of the 2026 season. The race was red-flagged on Lap 108 after lightning and heavy rain moved through the Hampton area, forcing a delay of roughly three hours and nine minutes before the field returned to the track under the lights to complete the remaining laps. A late caution ultimately forced the race into overtime, where Blaney once again rose to the occasion, holding off a hard-charging Bubba Wallace and Carson Hocevar to secure the victory. Blaney’s 171 laps led marked the most laps led at a drafting-style track since Richard Petty’s performance in the 1964 Daytona 500.

“I knew Bubba was probably going to take us three-wide there when he was clear,” Blaney said after the race. “Overall, just a great night. To start on the pole, win both races, win the race, that’s an unbelievable weekend.” Blaney also praised the quality of racing throughout the extended event. “I thought the racing was great the whole night,” he said. “By the end of the race everyone is gripped up — they have the ability to get to the middle, the bottom, and that made it a little more chaotic.”

The race’s decisive moment came on the final lap, when Wallace, driving the No. 23 Toyota for 23XI Racing, took the white flag in third position and shoved Ryan Blaney to the lead entering Turn 1. As Blaney’s car swung high on Carson Hocevar, Wallace darted to the bottom of the track down the backstretch, creating a three-wide battle for the lead. In doing so, Wallace dropped below the track’s double yellow line and remained alongside Hocevar and Blaney through Turns 3 and 4, when a push from Christopher Bell ultimately propelled Blaney across the finish line first. Wallace initially crossed the line in second, appearing to have secured a runner-up finish, but NASCAR officials assessed a post-race penalty for advancing his position below the yellow line, dropping him to the back of the lead-lap cars in 29th and elevating Bell to the runner-up spot.

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Wallace defended his move to reporters after the penalty was announced, arguing he never actually gained position while below the line. “The rule says advancing your position, which I did not do,” Wallace said. “I stayed third and I was all over the brakes to make sure I did not advance. As soon as I turned, I was like, ‘I am going to wreck.’ I got on the brakes, kept it underneath me and still ended up side-by-side.” Wallace maintained that the move, had it worked as intended, would have carried him to the win rather than a penalty. “That move should have propelled us to the lead and it didn’t because I knew it was wrong because my car did not like that move,” he said. “We will see what we can do, but I did not advance my position. I stayed third from the entry to three, all the way until 50 yards away, Ty Gibbs gave us a shot.”

Elsewhere, Wallace offered a competing account to another outlet, describing the maneuver as an instinctive reaction to his car losing grip. “I turned left because I got super loose and I just ended up there,” Wallace told EchoPark Speedway’s own reporting team.

Following the penalty announcement, Wallace and his team, including crew chief Charles Denike and 23XI Racing director of competition Dave Rogers, reviewed the race data before heading to the NASCAR hauler for a 31-minute meeting with series officials. NASCAR ultimately upheld the penalty, ruling that Wallace had violated Section 8.7.2.A of the NASCAR Rule Book, which states that “passing below the double painted lines to advance position will result in a black flag.” Wallace accepted the ruling without further argument as he left the meeting. “A penalty is a penalty,” he said.

The final-lap penalty alone cost Wallace 27 points, part of a costly night that also included lost points at the end of Stage 2, when Ty Gibbs bumped Wallace out of sixth position coming to the green-white-checkered finish. Combined, the two incidents left Wallace with just nine points on a night in which he spent significant time racing at the front of the field, including 11 laps leading the race outright. The two drivers discussed the Stage 2 incident on pit road after the race, with Wallace recounting the exchange. “I just said lift,” Wallace said. “I said there’s an opportunity to give, and you didn’t. He was like, ‘Well, don’t block me.’ It’s like, bro, you hit me square in the bumper. The block was well ahead; you seen it coming.” Gibbs, who had also given Wallace a late push toward what briefly appeared to be a runner-up finish, described his own side of the exchange. “I went to tell him sorry because he cleared himself and then, unfortunately, he showed a lot of disrespect,” Gibbs said. “It seems like it didn’t work out for him. I tried to help him out there at the end and push him to win.”

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With the 29th-place result, Wallace has now finished outside the top 20 in six of his last nine races. He remains 13th in the regular-season points standings, 55 points above the playoff cutline, after losing 22 points relative to that cutline at EchoPark.

Sunday’s race carried broader championship implications beyond the Wallace penalty. Blaney’s win moved him past William Byron in the regular-season standings and trimmed his deficit to points leader Denny Hamlin to just 65 points, while Christopher Bell’s elevation to second place propelled him into the NASCAR In-Season Challenge semifinals, eliminating his own teammate Hamlin from that separate bracket competition in the process. Chase Elliott also advanced in that tournament by finishing ahead of Chase Briscoe, while Tyler Reddick, who won at EchoPark in February, finished eighth Sunday and cut his deficit to Hamlin in the overall championship standings nearly in half, down to just 24 points.

The race featured seven caution flags across 49 laps and 30 lead changes among 10 different drivers over the course of the extended, weather-interrupted event. The NASCAR Cup Series now heads to North Wilkesboro Speedway next weekend for the series’ first points-paying race at the North Carolina short track in 30 years, with Bell and Blaney set to face off in the next round of the In-Season Challenge bracket alongside the rest of the field.

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Sebi tightens ethics rules for current, former employees

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Sebi tightens ethics rules for current, former employees
India’s markets regulator has imposed ​a two-year cooling-off ​period for former officials, barring them from representing ​clients before it in investigations, settlement proceedings and applications for fundraising or regulatory approvals, according to a government notification.

The regulator also ‌extended investment ⁠restrictions to ⁠employees’ family members, the notification, published on Saturday, said.

The Securities and Exchange Board of India had decided to review its rules after former chief Madhabi Puri Buch faced conflict of interest allegations from the now-shuttered Hindenburg Research.

Buch had denied the ​allegations and was cleared by India’s ⁠anti-corruption body ‌last year.

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The new rules, including the ​voluntary adoption ​of a stricter code of conduct for ⁠senior officials at the regulator, were approved by ​SEBI’s board last month.


The rules, effective Monday, ​require SEBI officials to recuse themselves from matters involving family members, close associates and former professional relationships, and to disclose negotiations for future employment within 30 days.
Officials must also liquidate or freeze equity holdings before ‌joining SEBI and refrain from trading while in office.The regulator, in a departure from its ​2008 code ​of conduct, extended ⁠restrictions on investments by employees’ family members, including spouses and dependent children, with limited exemptions for employee stock option plans ​and pooled investment vehicles.

The rules also cap exposure to products offered by a single SEBI-regulated fund manager, including mutual funds, portfolio management services and alternative investment funds, at 25% of the employee’s total investments.

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FDA delays ruling on GRAS until December

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FDA delays effective date for two approved colors

A proposed rule will cover potential mandatory submissions to the FDA.

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Bayer: Debt Remains A Problem, Value Remains Compelling

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Bayer: Debt Remains A Problem, Value Remains Compelling

Bayer: Debt Remains A Problem, Value Remains Compelling

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William Buck acquires Equiti Partners

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William Buck acquires Equiti Partners

Accounting and advisory firm William Buck has expanded its WA footprint through the acquisition of Subiaco-based firm Equiti Partners.

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Bravida Holding AB (publ) 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:BRVDF) 2026-07-13

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Middle East Conflict And Pressure On Chips Challenge Investors

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Middle East Conflict And Pressure On Chips Challenge Investors

Various exchange rates on flowing digital screen fluctuate in financial market update

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The re-intensification of the Middle East war initially roiled the markets, but as the session progressed, oil has pulled back and equities have stabilized. August WTI briefly traded above $75 and is now around $73.50, which is still

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