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Story summary
- In 2025, U.S. corporate bankruptcies reached 717 filings, up 14% from 2024 and the highest since the Great Recession.
- The manufacturing sector lost over 70,000 jobs as tariffs and inflation raised costs.
- Notable bankruptcies included Rite Aid and 23andMe.
- In the first half of 2025, 17 “mega bankruptcies” occurred, signaling strain on consumer discretionary firms as inflation eases but price pressures persist.
