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Tuesday’s business headlines

INDIANAPOLIS (WISH) — Here’s a look at Tuesday’s business headlines.

Home sales

U.S. home sales are on track for the biggest year in 15 years.

Six point three million homes have sold so far this year.

Low-interest rates and shortage of homes for sale have driven prices up.

John Deere

The strike at Deere is over but now there is a backlog of farm equipment orders.

Deere resolved the strike as it heads into what is traditionally the high season for farm equipment sales, as farmers make purchases ahead of the growing season.

With many corn and soybean producers flush with cash from higher commodity prices, dealers are anticipating heavy business by the year’s end.

GM

General Motors acquired a 25% stake in Pure Watercraft, a Seattle start-up that makes fully electric outboard motors for boats of all kinds.

GM is under pressure to deliver on its promises of going “all in on electrification.”

Pure Watercraft Motors use lithium batteries and replace motors that burn gas or diesel.

Apple

Apple shares closed at a record high on Monday.

Apple’s iPhone First strategy of prioritizing production and shipment of smartphones means Santa should have less difficulty getting hold of iPhone 13s in time for Christmas delivery.