A federal judge has ruled that the Federal Trade Commission’s revised antitrust suit against Meta, formerly known as Facebook, can proceed, shutting down the social media company’s request for a dismissal. In a revised complaint filed last August, the FTC argues that the company pursued a “buy or bury” strategy… Read More
Health officials let COVID-positive staff come to work
Health authorities around the U.S. are increasingly taking the extraordinary step of allowing nurses and other workers infected with the coronavirus to stay on the job if they have mild symptoms or none at all. The move is a reaction to the severe hospital staffing shortages and crushing caseloads that… Read More
Bank of America slashes overdraft fees by 70%
Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks. It’s the latest move by the nation’s biggest banks to roll back the overdraft fees they long charged customers, fees… Read More
Fox News: The truth behind Nancy Pelosi’s fortune…
House Speaker Nancy Pelosi has been named the top Wall Street trader of 2021 by the far-left Jacobin Magazine after another year of fabulous good luck further enriched her and her husband’s already massive portfolio. In fact, Fox News’ Larry Kudlow pointed out Monday night that the Pelosi family has… Read More
Nancy Pelosi just cashed in $30 million
House Speaker Nancy Pelosi is raking in the cash — and critics say it’s because of insider trading she and her husband just made up to a stunning $30 million, she disclosed in late December. Throw it on top of the pile. QUIZ: Which one of these fruits could help… Read More
Medicare ordered to reassess huge hike for Alzheimer’s drug
U.S. health secretary Xavier Becerra on Monday ordered Medicare to reassess a big premium increase facing millions of seniors this year, attributed in large part to a pricey new Alzheimer’s drug with questionable benefits. Becerra’s directive came days after drugmaker Biogen slashed the price of its $56,000-a-year medication, Aduhelm, to… Read More
Sports site The Athletic sold to New York Times for $550M
The New York Times Co. is buying sports news site The Athletic for $550 million, the latest move in its strategy to expand its audience of paying subscribers as the newspaper print ads business fades. The Times, unlike many local news outlets, has thrived in the past several years. It… Read More
Unemployment rate falls to 3.9%
The nation’s unemployment rate fell in December to a healthy 3.9% — a pandemic low — even as employers added a modest 199,000 jobs, evidence that they are struggling to fill jobs with many Americans reluctant to return to the workforce. The drop in the jobless rate, from 4.2% in… Read More
Another tycoon returns from space with business dreams
“Space now,” was what Japanese billionaire Yusaku Maezawa wanted to tweet for years. He finally really did it, from the International Space Station. “The space market holds so much potential,” he said Friday at the Foreign Correspondents’ Club in Tokyo, his first news conference in Japan after returning to earth… Read More
‘Hurricane’: COVID text manufacturers struggle to meet demand
As countless millions of people in Europe waste hours in lines for COVID-19 tests and scour their nasal passages with self-test kits at home, at the other end of the chain, workers are straining to meet the demand. At NG Biotech, production lines are humming, spitting out freshly packaged tests… Read More
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