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Stocks are wavering on Wall Street as investors prepare for a busy week of updates on inflation. The S&P 500 gave up its early gains and was modestly lower in afternoon trading Monday, while the Dow Jones Industrial Average edged higher and the Nasdaq fell slightly. Small-company stocks outpaced the broader market in a sign of investors' confidence in the economy. Retailers and communications stocks were among the biggest winners. Clean energy companies, including First Solar, are rising following Senate approval of Democrats’ big election-year economic package. The government will release its July reports for consumer prices and wholesale prices later this week.

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The Biden administration has announced another $1 billion in new military aid for Ukraine. Monday's pledge promises what will be the biggest yet delivery of rockets, ammunition and other arms straight from Department of Defense stocks for Ukrainian forces. The Pentagon announcement of a massive new shipment of arms comes as analysts warn that Russia is moving troops and equipment in the direction of the southern port cities to stave off a Ukrainian counteroffensive. The latest announcement brings the total U.S. security assistance committed to Ukraine by the Biden administration to $9.1 billion since Russian troops invaded in late February.

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The white father and son convicted of murder in Ahmaud Arbery’s fatal shooting after they chased the Black man through a Georgia neighborhood have been sentenced to life in prison for committing a federal hate crime. A U.S. District Court judge sentenced Travis McMichael and his father Greg McMichael on Monday in Brunswick. Both were previously sentenced to life without parole in a state court for Arbery’s murder. The McMichaels armed themselves with guns and used a pickup truck to chase Arbery after he ran past their home on Feb. 23, 2020. Neighbor William “Roddie” Bryan, who joined the pursuit and recorded the shooting, had a sentencing hearing scheduled later Monday.

A deadly fire that began at a large oil storage facility in western Cuba has spread after flames enveloped a third tank that firefighters had tried to cool as they struggle to fight the massive blaze. At least one person has died and 125 are injured, with dozens of firefighters reported missing ever since lighting struck one of the facility’s eight tanks on Friday night. A second tank caught fire on Saturday, triggering several explosions at the facility, which plays a key part in Cuba’s electric system. Matanzas Gov. Mario Sabines said Monday that the blaze of the second tank compromised the third one.

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A new study finds climate hazards aggravate 58% of known infection diseases in people. Monday's study shows how widespread the influence of extreme weather such as flooding, heat waves and drought is on human illnesses. The study looks at cases that already happened. Researchers calculate 286 unique sicknesses connected to what they call climate hazards. And of those illnesses, extreme weather made it worse in 223 maladies. The study doesn't do the calculations to formally attribute the diseases to climate change. But several scientists call it a terrifying illustration of climate change's effect on human health.