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Chip Designer Arm’s 25% Debut Gain Delivers Win for Owner SoftBank

Autoworkers eye widespread strikes. Arm soars in debut. US retail sales beat. Here’s what you need to know today.

United Auto Workers President Shawn Fain is preparing to hit all three Detroit carmakers with targeted walkouts in a bid to sow chaos at the companies. The union’s current labor contract with GM, Ford Motor and Chrysler parent Stellantis expires late on Sept. 14.