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flag Stanley Black & Decker appoints Christopher Nelson as new CEO, succeeding Donald Allan Jr.

flag Stanley Black & Decker named Christopher Nelson as its new CEO, taking over from Donald Allan Jr. on October 1. flag Allan will become Executive Chair, while Andrea Ayers will be the Lead Independent Director. flag The company also discussed better-than-expected second quarter earnings. flag Elsewhere, Fed Chair Jerome Powell addressed lawmakers on monetary policy, and economic data from the U.S., Europe, and Australia made headlines.

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