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Trump Administration, in Reversal, Tries to Continue Fight Against Law Firms

The administration told a court on Monday that it was abandoning its defense of executive orders targeting the firms. But on Tuesday, the Justice Department abruptly changed its position.

© Eric Lee for The New York Times

The Justice Department indicated it would continue defending the orders in an email to the law firms on Tuesday morning.
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You Break It, You Own It? Not for Trump When It Comes to Iran

“We’ll see what happens with the people,” President Trump said as he appeared to be distancing himself from the longer-term consequences of the war in Iran.

© Arash Khamooshi for The New York Times

An Iranian flag on Tuesday at the site of a diplomatic police station in Tehran that was targeted by U.S.-Israeli airstrikes.
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Big Lenders’ Risky Loans Are Rattling Wall Street

Lending troubles at Blue Owl Capital and other so-called private credit behemoths are setting off fears of a “bank run,” as one hedge fund put it.

© Chris O'Meara/Associated Press

Doug Ostrover, a founder of Blue Owl Capital. Investors are worried that colossal “private credit” lenders like Blue Owl have been too optimistic in their assessments of multiyear, privately traded loans tied to risky companies and industries.
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