Calling the situation “dire,” Idaho Thursday extended health care rationing statewide as Covid-19 hospitalizations surge, state officials said in a statement issued from Boise.
Crisis of care standards were initially imposed in hard-hit northern Idaho on Sept. 6. Thursday’s emergency order was put in place at the request of a major medical network in the state, St. Luke’s Health System, officials said.
Massive hog culling in the Dominican Republic after the outbreak of a deadly swine disease has led the country to stock up on U.S. pork.
Exporters last week sold a record amount of the meat to the island nation, U.S. Department of Agriculture data showed Thursday. That’s after African swine fever was detected in hogs there in late July, in the first outbreak in the Americas in four decades.
- Lilium’s sale to a blank-check company this week generated a 29-fold return on early investor Atomico’s initial investment, an extraordinary outcome for its bet on the German air-taxi startup that hasn’t had a commercial launch yet.
Atomico Chief Executive Officer Niklas Zennstrom had reservations about the startup and whether it made sense for the venture capital firm, which specializes in early-stage European tech companies. “We don’t really invest in airplanes,” he recalled thinking at the time.
- Vectura Group Plc is set to go ahead after the tobacco giant obtained control of most of the U.K. asthma drug maker’s shares.
Despite concerns raised from a range of health charities, Philip Morris has taken control of 74.8% of Vectura’s shares and its offer is now unconditional, the company said in a
China’s campaign against the cryptocurrency industry is now targeting miners who tried to disguise themselves as data researchers and storage facilities to stay in business, according to people with knowledge of the situation.
Inspections intensified this month in several Chinese provinces, targeting illegal mining activities in colleges, research institutions and data centers, said the people who asked not to be named due to the sensitivity of the matter. Concern over the country’s power supplies for the upcoming winter season is one reason for the urgency, they said.
- Bank of Montreal wealth-management head Joanna Rotenberg is leaving the bank to pursue another opportunity.
The lender will announce her successor “in the near future,” and the unit’s senior leadership team will report directly to Chief Executive Officer Darryl White in the interim, according to an internal memo. Rotenberg will provide “full transition support” in the coming weeks, according to the memo, which didn’t specify her new position.
Stagflation emerged this week as a new bogeyman bearing down on the global recovery. Yet the bond market, an astute judge of the economy, doesn’t look scared.
The threat of crippling price increases accompanied by slow growth challenges the belief keeping global markets aloft: that price pressures are temporary along a Goldilocks-like growth trajectory.
Federal Reserve Chair Jerome Powell has ordered a “fresh and comprehensive” examination of the central bank’s ethics rules around permissible financial holdings and activities by senior Fed officials.
“This review will assist in identifying ways to further tighten those rules and standards,” a Fed spokeswoman said in a statement Thursday. “The Board will make changes, as appropriate, and any changes will be added to the Reserve Bank Code of Conduct.”
Mortgage rates in the U.S. slipped to the lowest level in almost a month.
The average for a 30-year loan was 2.86%, down from 2.88% last week and the lowest since Aug. 19, Freddie Mac said in a
International Monetary Fund Managing Director Kristalina Georgieva was cited by the World Bank in a probe of its periodic “Doing Business” report, which has been abandoned after it was tarnished by ethics issues. Georgieva said she disagreed with the findings.
“The changes to China’s data in Doing Business 2018 appear to be the product of two distinct types of pressure applied by bank leadership on the Doing Business team,” the World Bank said in a report Thursday. The bank cited “pressure applied by CEO Georgieva and her advisor, Mr. Djankov, to make specific changes to China’s data points in an effort to increase its ranking at precisely the same time the country was expected to play a key role in the bank’s capital increase campaign.”
Philadelphia (AP) -- A man was killed Thursday after he was beaten with a trash can lid and pummeled during a brawl outside a famous Philadelphia cheesesteak restaurant, police said.
The violence at Pat’s King of Steaks may involve spectators who earlier attended a soccer game, police said. The Philadelphia Union had lost to Club América on Wednesday night.
Bloomberg Businessweek’s first Best B-School’s Diversity Index provides a window into the racial, ethnic, and gender makeup of U.S. MBA programs. Half the score is based on race and ethnicity, the other half on gender.
The context within which we launch the Diversity Index is the historic national reckoning on race that was triggered by the killing of George Floyd. Our mission in rolling it out is to assess and rank B-Schools based on the degree to which they are addressing the institutional racism and discrimination that have excluded certain minority groups and women from U.S. MBA programs. Diversity details for each of the 84 schools in our U.S. ranking can be found here, and we provide a full explanation of the new index in our Methodology.###
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- set to begin trading under the ticker DNA on Sept. 17 after completing a reverse merger with Soaring Eagle Acquisition Corp. That will mark the first time any company has traded under DNA since 2009, when Roche Holding AG bought Genentech Inc., one of the world’s first biotech firms and the original holder of the ticker.
- Theranos Inc. founder Elizabeth Holmes sought to undercut the testimony of a former employee turned whistle-blower by emphasizing how far down the company hierarchy she was from the boss.
But defense attorney Lance Wade had his work cut out for him trying to poke holes in Erika Cheung’s explosive claims that the blood-testing startup deceived patients and regulators with an approach so crude in how it shoved aside basic scientific norms that it jeopardized patient health. Holmes, 37, is fighting a dozen counts of fraud and conspiracy for allegedly lying to patients and investors about the capabilities of Theranos machines and the company’s financial health. The narrative Cheung laid out for the jury Tuesday and Wednesday formed the basis of a best-selling book, an HBO documentary, multiple podcasts and a forthcoming feature film about the downfall of Theranos after its valuation peaked at $9 billion.
In the early days of building his email-marketing startup Mailchimp, Ben Chestnut was warned by venture capitalists about the company’s imminent demise should he not take their money and advice.
“A lot would give me the same pitch from the last guy, always a semi-threatening pitch,” Chestnut said in a Zoom call. “Like an insurance salesmen: ‘You’re going to die.’ It was always doom-and-gloom scenarios.”
Arizona Attorney General Mark Brnovich acknowledged that his suit challenging the Biden Administration’s announced Covid-19 vaccine requirements for many U.S. workers is unlikely to succeed because the actual rules haven’t been finalized.
“Is it a long shot? Yeah, I recognize that,” Brnovich, a Republican former federal prosecutor who is running for U.S. Senate in 2022, said in a phone interview. “But I also think these are very important principles to be fighting for.”
For anyone hoping to see light at the end of the Covid-19 tunnel over the next three to six months, scientists have some bad news: Brace for more of what we’ve already been through.
Outbreaks will close schools and cancel classes. Vaccinated nursing home residents will face renewed fears of infection. Workers will weigh the danger of returning to the office as hospitals are overwhelmed, once again.
- 5.3 million children and adolescents had tested positive for the coronavirus since the start of the pandemic, according to the American Academy of Pediatrics. That represents 15.5% of all cases, though individuals under 18 make up 22.2% of the U.S. population. However, after declining in early summer, pediatric cases have increased
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