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President Donald Trump said that the U.S. will withdraw from the 2015 agreement with Iran that placed curbs on its nuclear program and reinstitute financial and economic sanctions on the Islamic Republic.
The U.S. factory sector grew in April at the slowest rate in nine months while prices for manufacturing materials increased at the sharpest pace in seven years driven by supply shortages and worries over the impact of U.S. trade policy.
American firms created the most new jobs in nineteen months as workers returned to the labor force in the greatest number in more than seven years while wage increases cooled from last month's post-recession high.