"UPS and Teamsters Resume Talks to Avert Strike"

UPS and the Teamsters union are set to resume negotiations on Tuesday in an effort to prevent a strike that is scheduled to begin on August 1. While some agreements have been reached, the union is still pushing for better wages for part-time employees. Pressure is mounting as workers have vowed to strike if a deal is not reached by the expiration of the current contract on July 31. Investors and customers are urging both sides to avoid a work stoppage that could disrupt shipments and create supply chain backups, with estimates suggesting a potential economic impact of over $7 billion.