For weeks in June and July, workers at a Maine factory making one of America’s most popular rapid tests for Covid-19 were given a task that shocked them: take apart millions of the products they had worked so hard to create and stuff them into garbage bags.
Soon afterward, Andy Wilkinson, a site manager for Abbott Laboratories, the manufacturer, stood before rows of employees to announce layoffs. The company canceled contracts with suppliers and shuttered the only other plant making the test, in Illinois, dismissing a work force of 2,000. “The numbers are going down,” he told the workers of the demand for testing, saying it wasn’t their fault. “This is all about money.”
As virus cases in the U.S. plummeted this spring, so did Abbott’s Covid-testing sales. But now, amid a new surge in infections, steps the company took to eliminate stock and wind down manufacturing are proving untimely — hobbling efforts to expand screening as the highly contagious Delta variant...
- Malaysia’s health minister said the country would stop using China’s Sinovac vaccine once its supply ran out. The AstraZeneca vaccine was used to vaccinate people in Kuala Lumpur in May.Credit...Ahmad Yusni/EPA, via Shutterstock
The local television behemoth Nexstar Media Group announced Friday that it had acquired The Hill, a Beltway political news website, for $130 million.
Nexstar, the largest operator of local TV stations in the country, said in a news release that the deal would expand its digital reach and coverage of political news. The deal also unites two companies that have sought, with mixed results, to present themselves as neutral arbiters in a partisan moment.
“I like to say that we’re as far to the left as the right will go and as far to the right as the left will go,” Jimmy Finkelstein, who took a controlling stake in The Hill in 2014, said in an interview. Nexstar, he added, is “very much interested in that fit — they’re very balanced.”
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- A California judge faulted Proposition 22 on Friday for restricting the State Legislature from making gig workers like Uber and Lyft drivers eligible for workers’ compensation.Credit...Tag Christof for The New York Times
As federal investigators escalate their scrutiny of Tesla’s driver-assistance technology, another problem is emerging for the electric carmaker: complaints among customers that they have been sold an additional driver-assistance option that doesn’t operate as advertised.
Over the years, Tesla owners have paid as much as $10,000 for the package, called Full Self-Driving. F.S.D., which can be purchased as an extra on Tesla cars, is a collection of services that add to Tesla’s Autopilot, the driver-assistance technology that government investigators are taking a look at after a string of crashes.
Critics say F.S.D. hasn’t lived up to its name since its debut more than two years ago. It can help a car navigate off one highway and onto another, and respond to traffic lights and stop signs. It also includes a service for summoning a car out of a parking space or parking lot with a mobile app. But full self-driving? Not quite.
When Joel M. Young paid $6,000 for...
General Motors said on Friday that it was expanding its recall of Chevrolet Bolt electric cars that have been found to be at risk of overheating and catching fire as a result of manufacturing defects.
The company said it was recalling Bolts from the 2020 through 2022 model years and a few 2019 Bolts that were not covered under a previous recall. The move means all 141,000 Bolts that G.M. has produced — going back to the 2017 model — are under recall.
The Bolt’s troubles are a setback from G.M. and its chief executive, Mary T. Barra, who is betting heavily that consumers will rapidly switch to electric vehicles in the years ahead. The company plans to spend $35 billion on electric and autonomous vehicles from 2020 to 2025, build four battery plants in the United States and end production of gasoline-powered cars and trucks by 2035.
G.M. said the move announced on Friday would cost the company $1 billion on top of the $800 million it had allocated for previous...
When Facebook this week released its first quarterly report about the most viewed posts in the United States, Guy Rosen, its vice president of integrity, said the social network had undertaken “a long journey” to be “by far the most transparent platform on the internet.” The list showed that the posts with the most reach tended to be innocuous content like recipes and cute animals.
Facebook had prepared a similar report for the first three months of the year, but executives never shared it with the public because of concerns that it would look bad for the company, according to internal emails sent by executives and shared with The New York Times.
In that report, a copy of which was provided to The Times, the most-viewed link was a news article with a headline suggesting that the coronavirus vaccine was at fault for the death of a Florida doctor. The report also showed that a Facebook page for The Epoch Times, an anti-China newspaper that spreads right-wing...
- “They needed me,” Jackie Lynn said of her niece's five children. After the strain of a long commute and tight finances, she moved with them into Bridge Meadows Apartment Homes in Portland, Ore.Credit...Mason Trinca for The New York Times
The cost of travel climbed this summer, but the Delta variant is weighing on demand. We looked into travel’s murky crystal ball to find out how prices will fare in the future.
China has promised to teach its most indebted companies a lesson. Just not yet.
Huarong Asset Management, the financial conglomerate that was once a poster child for China’s corporate excess, said Wednesday night that it would get financial assistance from a group of state-backed companies after months of silence about its future. The company also said it had made a $16 billion loss in 2020.
Citic Group and China Cinda Asset Management were among the five state-owned firms that will make a strategic investment, Huarong said without providing more details on how much money would be invested or when the deal would be completed.
Huarong also said it had no plans to restructure its debt but left unanswered the question of whether foreign and Chinese bondholders would have to accept significant losses on their investments.
Investors took the news to be a strong indication that the Chinese government was not yet ready to see the failure of a company so closely...
Topps has been synonymous with trading cards, particularly baseball cards, for 70 years.
That era will soon be over. Major League Baseball and the Major League Baseball Players Association are ending their licensing agreement with Topps in favor of a deal with Fanatics, the up-and-coming sports collectible brand. The loss of baseball rights also led to the abrupt cancellation on Friday of a plan for Topps to go public, casting its future into question.
The company, which also owns Bazooka gum, announced a deal in April to merge with a special purpose acquisition company, or SPAC, run by Mudrick Capital. The $1.3 billion merger was set to go to a shareholder vote next week.
Topps and Mudrick announced Friday morning that the deal was off, a day after they were notified that the baseball contracts will not be renewed when they expire in 2022 for players’ images, which the players’ union controls, and 2025 for team logos, which Major League Baseball...
In one video, a Taliban official reassured female health workers that they could keep their jobs. In another, militants told Sikhs, a minority religious group, that they were free and protected. Still others suggested a new lawfulness in Kabul, with Talib fighters holding looters and thieves at gunpoint.
The Taliban, who banned the internet the first time they controlled Afghanistan, have turned social media into a powerful tool to tame opposition and broadcast their messages. Now firmly in control of the country, they are using thousands of Twitter accounts — some official and others anonymous — to placate Afghanistan’s terrified but increasingly tech-savvy urban base.
The images of peace and stability projected by the Taliban contrast sharply with the scenes broadcast around the world of the chaotic American evacuation from the Kabul airport or footage of protesters being beaten and shot at. They demonstrate the digital powers the militants have honed over years...
The local television behemoth Nexstar Media Group announced Friday that it had acquired The Hill, a Beltway political news website, for $130 million.
Nexstar, the largest operator of local TV stations in the country, said in a news release that the deal would expand its digital reach and coverage of political news. The deal also unites two companies that have sought, with mixed results, to present themselves as neutral arbiters in a partisan moment.
“I like to say that we’re as far to the left as the right will go and as far to the right as the left will go,” Jimmy Finkelstein, who took a controlling stake in The Hill in 2014, said in an interview. Nexstar, he added, is “very much interested in that fit — they’re very balanced.”
Cyndy O’Brien, an emergency room nurse at Ocean Springs Hospital on the Gulf Coast of Mississippi, could not believe her eyes as she arrived for work. There were people sprawled out in their cars gasping for air as three ambulances with gravely ill patients idled in the parking lot. Just inside the front doors, a crush of anxious people jostled to get the attention of an overwhelmed triage nurse.
“It’s like a war zone,” said Ms. O’Brien, who is the patient care coordinator at Singing River, a small health system near the Alabama border that includes Ocean Springs. “We are just barraged with patients and have nowhere to put them.”
The bottleneck, however, has little to do with a lack of space. Nearly 30 percent of Singing River’s 500 beds are empty. With 169 unfilled nursing positions, administrators must keep the beds empty.
Nursing shortages have long vexed hospitals. But in the year and a half since its ferocious debut in the United States, the coronavirus...
For weeks in June and July, workers at a Maine factory making one of America’s most popular rapid tests for Covid-19 were given a task that shocked them: take apart millions of the products they had worked so hard to create and stuff them into garbage bags.
Soon afterward, Andy Wilkinson, a site manager for Abbott Laboratories, the manufacturer, stood before rows of employees to announce layoffs. The company canceled contracts with suppliers and shuttered the only other plant making the test, in Illinois, dismissing a work force of 2,000. “The numbers are going down,” he told the workers of the demand for testing, saying it wasn’t their fault. “This is all about money.”
As virus cases in the U.S. plummeted this spring, so did Abbott’s Covid-testing sales. But now, amid a new surge in infections, steps the company took to eliminate stock and wind down manufacturing are proving untimely — hobbling efforts to expand screening as the highly contagious Delta variant...
Mike Richards’s first and, as it turned out, last day of filming as the host of “Jeopardy!” began with a gathering that executives at the long-running quiz show hoped would symbolize a fresh start.
In a taped ceremony on Thursday at the Sony Pictures lot in Culver City, Calif., Sony revealed that the “Jeopardy!” studio would be renamed for Alex Trebek, the beloved host who died last year. Mr. Richards smiled as cameras rolled and Mr. Trebek’s widow and children looked on.
Less than 24 hours later, Mr. Richards had quit his hosting gig, “Jeopardy!” production was placed on hold, and the show’s fans were struggling to understand how a television institution and staple of the American living room could have botched a succession plan after 37 years of stability and success.
Mr. Richards stepped down on Friday after revelations of offensive and sexist comments he made on a podcast several years ago, just nine days after Sony announced his new role with great...
- “They needed me,” Jackie Lynn said of her niece's five children. After the strain of a long commute and tight finances, she moved with them into Bridge Meadows Apartment Homes in Portland, Ore.Credit...Mason Trinca for The New York Times
When Facebook this week released its first quarterly report about the most viewed posts in the United States, Guy Rosen, its vice president of integrity, said the social network had undertaken “a long journey” to be “by far the most transparent platform on the internet.” The list showed that the posts with the most reach tended to be innocuous content like recipes and cute animals.
Facebook had prepared a similar report for the first three months of the year, but executives never shared it with the public because of concerns that it would look bad for the company, according to internal emails sent by executives and shared with The New York Times.
In that report, a copy of which was provided to The Times, the most-viewed link was a news article with a headline suggesting that the coronavirus vaccine was at fault for the death of a Florida doctor. The report also showed that a Facebook page for The Epoch Times, an anti-China newspaper that spreads right-wing...
- A California judge faulted Proposition 22 on Friday for restricting the State Legislature from making gig workers like Uber and Lyft drivers eligible for workers’ compensation.Credit...Tag Christof for The New York Times
- Stanley Aronowitz in 2002, when he was the Green Party candidate for governor of New York. “We’ve been relying for so long on politicians to solve problems,” he once said of organized labor, “that the union membership no longer really relies on its own power.”Credit...Nancy Siesel/The New York Times
In the endless struggle to rein in high drug prices, one glaring failure has been grabbing the headlines: the exorbitant cost of drugs that need to be administered by physicians.
Such drugs were once a rarity. But they are now more than one-fifth of all Medicare drug spending and growing rapidly, thanks in part to the biotechnology revolution, which has yielded an array of drugs that must be injected, infused or inhaled.
One of them, an Alzheimer’s drug called Aduhelm, was approved by the Food and Drug Administration in June and is being priced by its maker, Biogen, at $56,000 annually. That’s roughly equivalent to the cost of 45 hours of home health care for an Alzheimer’s patient each week for an entire year.
The F.D.A.’s approval of Aduhelm has come under close scrutiny and protest. The agency has already reversed itself, narrowing the drug’s suggested use to those with early symptoms of dementia, as opposed to everyone with Alzheimer’s.
In one video, a Taliban official reassured female health workers that they could keep their jobs. In another, militants told Sikhs, a minority religious group, that they were free and protected. Still others suggested a new lawfulness in Kabul, with Talib fighters holding looters and thieves at gunpoint.
The Taliban, who banned the internet the first time they controlled Afghanistan, have turned social media into a powerful tool to tame opposition and broadcast their messages. Now firmly in control of the country, they are using thousands of Twitter accounts — some official and others anonymous — to placate Afghanistan’s terrified but increasingly tech-savvy urban base.
The images of peace and stability projected by the Taliban contrast sharply with the scenes broadcast around the world of the chaotic American evacuation from the Kabul airport or footage of protesters being beaten and shot at. They demonstrate the digital powers the militants have honed over years...
The cutoff of federal unemployment benefits in much of the country was meant to bring a flood of workers back to the job market. So far, that flood looks more like a trickle.
A total of 26 states, all but one with Republican governors, have moved to end some or all of the expanded unemployment benefits that have been in place since the pandemic began. The governors, along with many business owners, have argued that the benefits discourage returning to work when many employers are struggling to hire.
Several recent studies, however, have concluded that the extra payments have played only a small role in this year’s labor shortages. And they found at most a modest increase in employment in states that abandoned the programs — most of them in June — even as millions of jobless workers have had to cut spending, potentially hurting local economies.
“The idea was that there were lots of jobs — it was just that people weren’t looking. That was the narrative,” said...
- A California judge faulted Proposition 22 on Friday for restricting the State Legislature from making gig workers like Uber and Lyft drivers eligible for workers’ compensation.Credit...Tag Christof for The New York Times
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