Business

Twitter Removes Policy Against Deadnaming Transgender People

SAN FRANCISCO (AP) — Twitter has quietly removed a policy against the “targeted misgendering or deadnaming of transgender individuals,” raising... Read More

SAN FRANCISCO (AP) — Twitter has quietly removed a policy against the “targeted misgendering or deadnaming of transgender individuals,” raising concerns that the Elon Musk-owned platform is becoming less safe for marginalized groups. Twitter enacted the policy against deadnaming, or... Read More

DeSantis Appointees Begin Reshaping Disney World's District

LAKE BUENA VISTA, Fla. (AP) — Florida Gov. Ron DeSantis' appointees on Wednesday began trying to reshape Disney World's governing... Read More

LAKE BUENA VISTA, Fla. (AP) — Florida Gov. Ron DeSantis' appointees on Wednesday began trying to reshape Disney World's governing body with proposals to eliminate a planning board and prohibit mask mandates and COVID-19 vaccine requirements in an evolving showdown between the... Read More

US Tax Breaks Lure European Clean Tech Companies as EU Lags

LONDON (AP) — Norwegian startup Freyr will first build batteries to power electric vehicles and store clean energy in a... Read More

LONDON (AP) — Norwegian startup Freyr will first build batteries to power electric vehicles and store clean energy in a remote town near the Arctic Circle. Up next? An Atlanta suburb. That's because a new U.S. clean energy law offers generous tax... Read More

2023-03-22 21:56:42
by Tom Ramstack
Sens. Press Moderna Chief Exec on COVID Vaccine Price Hike

WASHINGTON — The chief executive of Moderna Inc. defended his plan to quadruple the price of the COVID-19 vaccine during... Read More

WASHINGTON — The chief executive of Moderna Inc. defended his plan to quadruple the price of the COVID-19 vaccine during a Senate hearing Wednesday by saying his company is preparing for a sharp decline in demand. With as much as... Read More

2023-03-21 13:07:01
by Kate Michael
Report Says Female Entrepreneurs in Middle East Could Boost Economy

WASHINGTON — Given increased economic stress around the world, the official release of a new report by the Wilson Center’s... Read More

WASHINGTON — Given increased economic stress around the world, the official release of a new report by the Wilson Center’s Middle East Program on female entrepreneurship in the MENA region may be that much more relevant.  The Middle East and... Read More

2023-03-20 20:55:40
by Dan McCue
Karuna Could Submit Schizophrenia Drug to FDA by Mid-Year

BOSTON — Encouraged by positive topline results from its phase 3 trial for its new therapy for adults with schizophrenia,... Read More

BOSTON — Encouraged by positive topline results from its phase 3 trial for its new therapy for adults with schizophrenia, Karuna Therapeutics announced Monday that it is on track to submit KarXT to the Food and Drug Administration for approval... Read More

2023-03-14 20:01:27
by Dan McCue
Ohio Sues Norfolk Southern Over East Palestine Derailment

COLUMBUS, Ohio — The state of Ohio filed a 58-count civil lawsuit against Norfolk Southern Tuesday, seeking to hold the... Read More

COLUMBUS, Ohio — The state of Ohio filed a 58-count civil lawsuit against Norfolk Southern Tuesday, seeking to hold the Class 1 railroad financially responsible for the Feb. 3 derailment in East Palestine that caused the release of an estimated... Read More

2023-03-14 17:06:21
by Dan McCue
Administration Lauds Boeing Jet Sale to Saudis

WASHINGTON — Saudi Arabia’s nearly $37 billion purchase of new Boeing passenger jets is yet another sign of the United... Read More

WASHINGTON — Saudi Arabia’s nearly $37 billion purchase of new Boeing passenger jets is yet another sign of the United States' rebirth as a global manufacturing leader, Biden administration officials declared Tuesday. Their enthusiastic assessment came just moments after Boeing... Read More

Novo Nordisk Plans Price Cuts for Several Insulins

Novo Nordisk will start slashing some U.S. insulin prices up to 75% next year, following a path set earlier this... Read More

Novo Nordisk will start slashing some U.S. insulin prices up to 75% next year, following a path set earlier this month by rival Eli Lilly. The Danish drugmaker said Tuesday that pre-filled pens and vials of long- and short-acting insulins... Read More

2023-03-13 17:11:28
by Tom Ramstack
Court Sides With Insurers in Denying Restaurants Coverage for Pandemic

WASHINGTON — A restaurant group lost out last week at a Washington, D.C., court in their attempt to recover lost... Read More

WASHINGTON — A restaurant group lost out last week at a Washington, D.C., court in their attempt to recover lost profits from the COVID-19 pandemic under their insurance policies. The U.S. Court of Appeals for the District of Columbia said... Read More

2023-02-27 17:39:10
by Dan McCue
BMW Launches Pilot Fleet of Hydrogen Vehicles

MUNICH, Germany — BMW Group, long a multinational manufacturer of luxury vehicles, on Monday launched its "pilot fleet" of hydrogen... Read More

MUNICH, Germany — BMW Group, long a multinational manufacturer of luxury vehicles, on Monday launched its "pilot fleet" of hydrogen vehicles. Over the course of the next year, the automaker said, it plans to deploy the fleet of 100 vehicles... Read More

Survey: Business Economists Push Back US Recession Forecasts

WASHINGTON (AP) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than... Read More

WASHINGTON (AP) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates. Fifty-eight... Read More

Retail Sales Jump as Americans Defy Inflation and Rate Hikes

WASHINGTON (AP) — America's consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants... Read More

WASHINGTON (AP) — America's consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in nearly two years, underscoring the economy's resilience in the face of higher prices and multiple interest... Read More

Fiery Ohio Derailment Raises Railroad Safety Questions

OMAHA, Neb. (AP) — The fiery derailment of a train carrying toxic chemicals — sending a huge plume of smoke in the... Read More

OMAHA, Neb. (AP) — The fiery derailment of a train carrying toxic chemicals — sending a huge plume of smoke in the air and forcing residents of a small Ohio town to evacuate — has highlighted the potentially disastrous consequences of train... Read More

CVS Buying Spree Continues With $10.6B Oak Street Deal

CVS Health is plunging deeper into primary care services, buying primary care provider Oak Street Health for approximately $10.6 billion.... Read More

CVS Health is plunging deeper into primary care services, buying primary care provider Oak Street Health for approximately $10.6 billion. The drugstore chain said Wednesday it would pay $39 per share in cash for each share of Oak Street in... Read More

2023-01-28 01:15:37
by Dan McCue
The Rise of Contractors Screams Out for a Rethinking of Policy

WASHINGTON — Hard as it may be to believe, a revolution really did take place while we were all inside,... Read More

WASHINGTON — Hard as it may be to believe, a revolution really did take place while we were all inside, hoping the dark, early shadow of COVID-19 would somehow pass us by.  According to Liz Wilke, principal economist with Gusto,... Read More

2023-01-25 21:49:13
by Tom Ramstack
Justice Dept. Sues Google Again Alleging Monopolistic Ad Tactics

A Justice Department lawsuit filed Tuesday against Google accuses the internet giant of illegally acting like a monopoly with its... Read More

A Justice Department lawsuit filed Tuesday against Google accuses the internet giant of illegally acting like a monopoly with its digital advertising technology. The lawsuit filed in federal court in Virginia seeks a court order to break up Google’s grip... Read More

2023-01-24 15:03:37
by Tom Ramstack
Attorneys General Challenge Social Responsibility Policies for Investing

Some state attorneys general are continuing a conservative backlash against investment strategies that emphasize social responsibility with a challenge to... Read More

Some state attorneys general are continuing a conservative backlash against investment strategies that emphasize social responsibility with a challenge to two corporate advisory companies. A letter written last week to the two companies says forcing social responsibility onto investors could... Read More

2023-01-23 17:19:24
by Dan McCue
EVs Take Center Stage at Washington Auto Show

WASHINGTON — Forget a weeklong vote to get a House speaker, when all is said and done, the biggest news... Read More

WASHINGTON — Forget a weeklong vote to get a House speaker, when all is said and done, the biggest news of the month may well be how electric vehicles dominated center stage at the Washington, D.C., Auto Show. The annual... Read More

Elon Musk Depicted as Liar, Visionary in Tesla Tweet Trial

SAN FRANCISCO (AP) — Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of “regular... Read More

SAN FRANCISCO (AP) — Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of “regular people" or a well-intentioned visionary as attorneys delivered opening statements at a trial focused on a Tesla buyout that never... Read More

2023-01-05 21:45:08
by Dan McCue
Offshore Wind Project Nets $24.1M in Tax Incentives

EAST SETAUKET, N.Y. — A project aimed at transforming a warehouse into a support facility for a pending offshore wind... Read More

EAST SETAUKET, N.Y. — A project aimed at transforming a warehouse into a support facility for a pending offshore wind project has netted $24.1 million in tax breaks from the Town of Brookhaven in New York state. The sales, use... Read More

2022-12-28 16:26:08
by Dan McCue
Good Corporate Citizenship Is a ‘Growth and Learning Experience’

MIDDLETON, Wis. — Established some 63 years ago, it’s no irony that Hy Cite Enterprises set down roots in a... Read More

MIDDLETON, Wis. — Established some 63 years ago, it’s no irony that Hy Cite Enterprises set down roots in a community that long ago dubbed itself “the good neighbor city.” A local, family-owned seller of cook- and kitchenware, its goods... Read More

US Economy Grew 3.2% in Q3, an Upgrade From Earlier Estimate

WASHINGTON (AP) — Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2%... Read More

WASHINGTON (AP) — Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter... Read More

2022-12-14 20:48:42
by Dan McCue
Japanese Pharma Firm to Pay $4B for Single Drug

TOKYO — Japanese Pharma firm Takeda has agreed to pay $4 billion in cash for a single drug invented by... Read More

TOKYO — Japanese Pharma firm Takeda has agreed to pay $4 billion in cash for a single drug invented by Nimbus Therapeutics, a Boston, Massachusetts-based biotechnology company. The drug Takeda is buying (NDI-034858) blocks selective allosteric tyrosine kinase 2 (also... Read More

Merck, Moderna Detail Potential Skin Cancer Vaccine Progress

Moderna’s stock soared Tuesday after the COVID-19 vaccine maker detailed progress in developing a preventive shot for a deadly form... Read More

Moderna’s stock soared Tuesday after the COVID-19 vaccine maker detailed progress in developing a preventive shot for a deadly form of skin cancer. The company said a possible melanoma vaccine it is studying with pharmaceutical giant Merck fared well in... Read More

Musk's Twitter Disbands Its Trust and Safety Advisory Group

Elon Musk's Twitter has dissolved its Trust and Safety Council, the advisory group of around 100 independent civil, human rights... Read More

Elon Musk's Twitter has dissolved its Trust and Safety Council, the advisory group of around 100 independent civil, human rights and other organizations that the company formed in 2016 to address hate speech, child exploitation, suicide, self-harm and other problems... Read More

Biden to Visit Arizona Computer Chip Site, Highlight Jobs

President Joe Biden on Tuesday plans to visit the building site for a new computer chip plant in Arizona, using... Read More

President Joe Biden on Tuesday plans to visit the building site for a new computer chip plant in Arizona, using it as a chance to emphasize how his policies are fostering job growth in what could be a challenge to... Read More

2022-11-30 21:41:32
by Dan McCue
House Passes Legislation to Avert Nationwide Rail Strike

WASHINGTON — The House passed legislation Wednesday to avert a nationwide rail strike, the first step in avoiding an economic... Read More

WASHINGTON — The House passed legislation Wednesday to avert a nationwide rail strike, the first step in avoiding an economic calamity at the height of the holiday shopping season. The chamber passed the main resolution in a 290-137 vote, sending... Read More

2022-11-29 22:53:01
by Dan McCue
Treasury Dept. Clarifies Labor Rules for Green Energy Tax Credits

WASHINGTON — The U.S. Treasury Department has unveiled its initial guidance on the labor requirements that employers must meet in... Read More

WASHINGTON — The U.S. Treasury Department has unveiled its initial guidance on the labor requirements that employers must meet in order to qualify for bonus tax benefits for clean energy projects. The guidance announced Tuesday will be published in the... Read More

2022-11-29 22:49:18
by Tom Ramstack
Big Grocery Merger Gets Chilly Reception by Senators Worried About Price and Quality

WASHINGTON — A Senate panel showed a cynical attitude toward a proposed $24.6 billion merger of major grocery chains Kroger... Read More

WASHINGTON — A Senate panel showed a cynical attitude toward a proposed $24.6 billion merger of major grocery chains Kroger Co. and Albertsons Cos. during a hearing Tuesday. The chief executive officers promised consumers would benefit if the Federal Trade... Read More

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