U.S. stocks broke out of a three-day lull and closed at another record high on Wednesday.

The S&P 500 added 0.9%, beating the all-time high it set last week. The Dow Jones Industrial Average climbed 1.2%, and the Nasdaq composite added 0.5%.

The Dow and Nasdaq closed just short of their own records.

Merck helped push the market higher after winning federal approval for its treatment for a rare disease affecting blood vessels.

Trump Media & Technology Group continued its wild ride and shot higher again in its second day of trading, even as its Truth Social platform loses money.

New York is on track to become the first U.S. city with congestion tolls on drivers entering its central business district.

Transit authorities approved the pricing plan Wednesday, authorizing a $15 toll for most motorists entering a zone that’s south of Manhattan’s Central Park during the day.

Supporters of the tolls say it will push more people to use public transport and reduce congestion to speed up public buses and emergency vehicles.

It’s expected to raise $1 billion per year to fund improvements in public subway and bus systems.

The state Legislature approved the tolls in 2019, but the pandemic and lack of federal regulation stalled the project.

Amazon says it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion.

Amazon will maintain a minority stake in San Francisco-based Anthropic, a rival of ChatGPT maker OpenAI. The two companies are collaborating to develop so-called foundation models, which underpin the generative AI systems that have captured global attention.

Amazon made an initial investment of $1.25 billion in Anthropic in September and indicated then it had plans to invest up to $4 billion.

Allies of Florida Gov. Ron DeSantis and Disney have reached a settlement agreement in a state court fight over how Walt Disney World is developed in the future following the takeover of the theme park resort’s government by the Florida governor.

In a meeting Wednesday morning, the DeSantis-appointed members of the board of the Central Florida Tourism Oversight District approved the settlement agreement, ending almost two years of litigation that was sparked by DeSantis’ takeover of the district from Disney supporters.

The takeover was a result of the company’s opposition to Florida’s so-called “Don’t Say Gay” law.