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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: US inflation falls to 8.5%, Elon Musk sells Tesla shares

US inflation fell back from 9.1% to rest at 8.5% last month still critical for the economy but dropping from the four-decade peak it hit in June and calming the markets.

Last night, Elon Musk revealed the sale of $6.9 billion of Tesla shares as part of a fundraising move in case a court forces the tycoon to complete his acquisition of Twitter.

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