New York Times business news – July 17

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

– Elon Musk said he would move the headquarters of two of his businesses, the social media platform X and the rocket manufacturer SpaceX, to Texas, escalating an increasingly contentious fight with California.

– The International Monetary Fund does not see any current market pressure on U.S. Treasury debt but has longer-term concerns about the growth of U.S. debt and reliance on short-term financing, IMF Chief Economist Pierre-Olivier Gourinchas said.

– U.S. President Joe Biden is considering legislative proposals that would dramatically alter the Supreme Court, including imposing term limits and an enforceable code of ethics on the justices.

– Larry Light, a branding expert who deployed the “I’m lovin’ it” campaign globally in 2003 to bring customers and sales back to the fast-food giant McDonald’s MCD when it was in a slump, died at 83.