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U.S. and Europe Fail to Meet Deadline for Data Transfer Deal
The New York Times: American and European officials failed on Sunday to reach an agreement over how digital data — including financial information and social media posts — could be transferred between the two regions.
Despite the last-minute talks, both sides remained far apart on specific details required to approve a comprehensive deal. Without an agreement, companies that regularly move data, including tech giants like Google and nontech companies like General Electric, could find themselves in murky legal waters.
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