Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

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  Four people on a U.S.

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  registered speedboat are shot and killed after being intercepted in coupon waters.

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  Plus, while businesses wait to see if they get tariff refunds,

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  Wall Street is buying up those claims now.

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  companies that paid millions and millions of dollars in tariffs are facing this crucial decision right now.

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  Do they want to potentially wait years for this refund process to play out?

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  Or do they want to strike a deal with an investment firm that's willing to give them a fraction of their money today?

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  And prediction market platform CalSheet has fined two users for breaking its rules.

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  It's Wednesday, February 25th.

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  I'm Alex Ocelot for The Wall Street Journal.

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  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

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  This just in, four people were shot and killed, and six others were injured this morning on a U.S.

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  registered speedboat after being intercepted in Cuban waters.

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  That's according to Cuba's Interior Ministry,

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  which also said that the vessel, which was registered in Florida,

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  opened fire on the island's border patrol when they approached the boat on Cuba's north-central coast.

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  As of this afternoon,

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  the identities or nationalities of the individuals on the boat weren't disclosed.

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  The U.S.

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