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Home Depot is buying specialty building products distributor GMS Inc. in a deal valued at approximately $4.3 billion.The Atlanta home improvement chain said Monday the transaction will help strengthen Home Depot’s relationship with professional contractors.GMS of Tucker, Georgia, is a distributor of specialty building products including drywall, ceilings, steel framing and other complementary products related to construction and remodeling projects in residential and commercial end markets.As part of the deal, a subsidiary of Home Depot’s SRS Distribution Inc. will start a cash tender offer to buy all outstanding shares of GMS for $110 per share. The total equity value of the transaction is approximately $4.3 billion. The deal is worth about $5.5 billion, including debt.Last year, Home Depot purchased SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion including debt. SRS provides materials for professionals like roofers, landscapers and pool contractors.The GMS transaction is expected to close by the end of fiscal 2025. Shares of the company jumped 11% in premarket trading. Home Depot shares slipped less than 1%. Michelle Chapman, AP Business Writer
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E-Commerce
The U.S. Supreme Court’s ruling tied to birthright citizenship prompted confusion and phone calls to lawyers as people who could be affected tried to process a convoluted legal decision with major humanitarian implications. The court’s conservative majority on Friday granted President Donald Trump his request to curb federal judges’ power but did not decide the legality of his bid to restrict birthright citizenship. That outcome has raised more questions than answers about a right long understood to be guaranteed under the U.S. Constitution: that anyone born in the United States is considered a citizen at birth, regardless of their parents’ citizenship or legal status. Lorena, a 24-year-old Colombian asylum seeker who lives in Houston and is due to give birth in September, pored over media reports on Friday morning. She was looking for details about how her baby might be affected, but said she was left confused and worried. “There are not many specifics,” said Lorena, who like others interviewed by Reuters asked to be identified by her first name out of fear for her safety. “I don’t understand it well.” She is concerned that her baby could end up with no nationality. “I dont know if I can give her mine,” she said. “I also don’t know how it would work, if I can add her to my asylum case. I don’t want her to be adrift with no nationality.” Trump, a Republican, issued an order after taking office in January that directed U.S. agencies to refuse to recognize the citizenship of children born in the U.S. who do not have at least one parent who is an American citizen or lawful permanent resident. The order was blocked by three separate U.S. district court judges, sending the case on a path to the Supreme Court. The resulting decision said Trumps policy could go into effect in 30 days but appeared to leave open the possibility of further proceedings in the lower courts that could keep the policy blocked. On Friday afternoon, plaintiffs filed an amended lawsuit in federal court in Maryland seeking to establish a nationwide class of people whose children could be denied citizenship. If they are not blocked nationwide, the restrictions could be applied in the 28 states that did not contest them in court, creating “an extremely confusing patchwork” across the country, according to Kathleen Bush-Joseph, a policy analyst for the non-partisan Migration Policy Institute. “Would individual doctors, individual hospitals be having to try to figure out how to determine the citizenship of babies and their parents?” she said. The drive to restrict birthright citizenship is part of Trump’s broader immigration crackdown, and he has framed automatic citizenship as a magnet for people to come to give birth. “Hundreds of thousands of people are pouring into our country under birthright citizenship, and it wasn’t meant for that reason,” he said during a White House press briefing on Friday. WORRIED CALLS Immigration advocates and lawyers in some Republican-led states said they received calls from a wide range of pregnant immigrants and their partners following the ruling. They were grappling with how to explain it to clients who could be dramatically affected, given all the unknowns of how future litigation would play out or how the executive order would be implemented state by state. Lynn Tramonte, director of the Ohio Immigrant Alliance said she got a call on Friday from an East Asian temporary visa holder with a pregnant wife. He was anxious because Ohio is not one of the plaintiff states and wanted to know how he could protect his child’s rights. “He kept stressing that he was very interested in the rights included in the Constitution,” she said. Advocates underscored the gravity of Trumps restrictions, which would block an estimated 150,000 children born in the U.S. annually from receiving automatic citizenship. “It really creates different classes of people in the country with different types of rights,” said Juliana Macedo do Nascimento, a spokesperson for the immigrant rights organization United We Dream. “That is really chaotic.” Adding uncertainty, the Supreme Court ruled that members of two plaintiff groups in the litigationCASA, an immigrant advocacy service in Maryland, and the Asylum Seeker Advocacy Projectwould still be covered by lower court blocks on the policy. Whether someone in a state where Trump’s policy could go into effect could join one of the organizations to avoid the restrictions or how state or federal officials would check for membership remained unclear. Betsy, a U.S. citizen who recently graduated from high school in Virginia and a CASA member, said both of her parents came to the U.S. from El Salvador two decades ago and lacked legal status when she was born. “I feel like it targets these innocent kids who haven’t even been born,” she said, declining to give her last name for concerns over her family’s safety. Nivida, a Honduran asylum seeker in Louisiana, is a member of the Asylum Seeker Advocacy Project and recently gave birth. She heard on Friday from a friend without legal status who is pregnant and wonders about the situation under Louisiana’s Republican governor, since the state is not one of those fighting Trumps order. “She called me very worried and asked whats going to happen,” she said. “If her child is born in Louisiana . . . is the baby going to be a citizen?” Ted Hesson and Kristina Cooke, Reuters
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E-Commerce
Republican Sen. Thom Tillis of North Carolina said Sunday he will not seek reelection next year, an abrupt announcement that came one day after he staked out his opposition to President Donald Trump’s tax breaks and spending cuts package because of its reductions to health care programs.His decision creates a political opportunity for Democrats seeking to bolster their numbers in the 2026 midterm elections, creating a wide-open Senate race in a state that has long been a contested battleground. It could also make Tillis a wild card in a party where few lawmakers are willing to risk Trump’s wrath by opposing his agenda or actions. Trump had already been threatening him with a primary challenge, and posted Sunday that Tillis’ announcement was “Great News!”“In Washington over the last few years, it’s become increasingly evident that leaders who are willing to embrace bipartisanship, compromise, and demonstrate independent thinking are becoming an endangered species,” Tillis said in a lengthy statement.Tillis said he was proud of his career in public service but acknowledged the difficult political environment for those who buck their party and go it alone.“I look forward to having the pure freedom to call the balls and strikes as I see fit and representing the great people of North Carolina to the best of my ability,” Tillis said in a statement.Republicans hold a 5347 edge in the Senate.Trump, in social posts, had berated Tillis for being one of two Republican senators who voted on Saturday night against advancing the massive tax bill.The Republican president accused Tillis of seeking publicity with his “no” vote and threatened to campaign against him, accusing the senator of doing nothing to help his constituents after last year’s devastating floods in western North Carolina from Hurricane Helene.“Tillis is a talker and complainer, NOT A DOER,” Trump wrote.The announcement from the two-term senator surprised senior Republicans with its timing, but not necessarily the substance. Tillis had planned to announce his reelection plans later this year, likely September at the latest, but had been heavily leaning in favor of retiring, according to a person close to the senator.In the hours before his announcement, Tillis was weighing two questions: whether Trump and the White House would give him freedom to campaign with some independence, and whether Tillis would have the full protection of Senate Republican leaders, said the person, who was granted anonymity to discuss internal dynamics.The GOP leadership’s decision to forge ahead with cuts to Medicaid that Tillis repeatedly warned would devastate North Carolina, and the president’s Truth Social post calling for a primary challenger to the senator made it clear to him that the answers to those two questions were no.Tillis then decided he would announce his retirement, with the thinking that it would remove any ambiguity whether he would flip his opposition to the GOP’s sweeping tax bill.He informed Trump and Senate Majority Leader John Thune on Saturday night of his decision to retire.The North Carolina Republican Party chairman, Jason Simmons, said the party wishes Tillis well and “will hold this seat for Republicans in 2026.” Sen. Tim Scott of South Carolina, the chairman of the campaign arm for Senate Republicans, did not mention Tillis in a statement but said the party’s winning streak in North Carolina will continue. Scott noted that Trump won the state three times.Democrats expressed confidence about their prospects.Former Rep. Wiley Nickel, who announced his candidacy in April, said he was ready for any Republican challenger.“I’ve flipped a tough seat before and we’re going to do it again,” Nickel said in a statement.Some said Tillis’ decision is another sign of the dramatic transformation of the Republican Party under Trump, with few lawmakers critical of the president or his agenda remaining in office.It “proves there is no space within the Republican Party to dissent over taking health care away from 11.8 million people,” said Lauren French, spokesperson for the Senate Majority PAC, a political committee aligned with the chamber’s Democratic members.Tillis rose to prominence in North Carolina when, as a second-term state House member, he quit his IBM consultant job and led the GOP’s recruitment and fundraising efforts in the chamber for the 2010 elections. Republicans won majorities in the House and Senate for the first time in 140 years.Tillis was later elected as state House speaker and helped enact conservative policies on taxes, gun rights, regulations and abortion while serving in the role for four years. He also helped push a state constitutional referendum to ban gay marriage, which was approved by voters in 2012 but was ultimately struck down by the courts as unconstitutional.In 2014, Tillis helped flip control of the U.S. Senate to the GOP after narrowly defeating Democratic Sen. Kay Hagan. During his more than a decade in office, he championed issues such as mental health and substance abuse recovery, Medicaid expansion and support for veterans.As a more moderate Republican, Tillis became known for his willingness to work across the aisle on some issues. That got him into trouble with his party at times, most notably in 2023 when North Carolina Republicans voted to censure him over several matters, including his challenges to certain immigration policies and his gun policy record.“Sometimes those bipartisan initiatives got me into trouble with my own party,” Tillis said, “but I wouldn’t have changed a single one.” Associated Press writers Lisa Mascaro and Joey Cappelletti in Washington and Makiya Seminera in Raleigh, North Carolina, contributed to this report. Ali Swenson and Seung Min Kim, Associated Press
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E-Commerce
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