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Spelman College, the women’s school in Atlanta, announced on Thursday that it had received a $100 million donation, which its officials called the largest-ever single gift to a historically Black college. The gift comes from Ronda E. Stryker, a trustee of Spelman, and her husband, William D. Johnston, chairman of the wealth management company Greenleaf Trust. Ms. Stryker serves as director of the medical equipment company Stryker Corporation, which was founded by her grandfather. In an announcement, Spelman College said that $75 million of the gift had been earmarked for scholarships, and that the remaining money would go toward improving student housing and developing an academic focus on public policy and democracy. In a statement, Spelman’s president, Helene Gayle, said the college was “invigorated and inspired” by the couple’s generosity, adding, “This gift is a critical step in our school’s mission to eliminate financial barriers to starting and finishing a Spelman education.”
Persons: Stryker, Spelman, William D, Johnston, Helene Gayle, , Organizations: Spelman College, Greenleaf Trust, Stryker Corporation, Spelman Locations: Atlanta, Ronda
The phenomenon, known as a "golden cross," occurs when a stock's 50-day moving average share price rises above the longer-term 200-day moving average. It comes at a time when the S & P 500 has rallied by nearly 10% from a recent low, and charting analysts expect to see the index rise further . The stocks below are about to signal the golden cross pattern. Canadian stock Descartes Systems rose 7% on average in the month after the golden cross. The stock's price action has shown the golden cross forming seven times over the past decade.
Persons: Kevin Krishnaratne, David Weiss, Shagun Singh, Michael Werner, Hayley Tam Organizations: CNBC, Descartes Systems, Stryker Corporation, Deutsche, Nasdaq, Scotiabank, Stryker, RBC, UBS, CNBC Pro Locations: Canadian, Finland, Denmark, Norway, Sweden, Singapore
Pediatric hospital beds have been more full than usual for months. Corewell Health Helen DeVos Children’s Hospital has brought out both specialized and non-specialized cribs from storage to meet the demand of pediatric patients. Demand at Hard Manufacturing, which makes cribs, bassinets and youth beds for hospitals, has shot up, President Marjorie Bryen said. “At Nemours Children’s Health, these supply challenges are magnified due to pediatric populations needing more specialized equipment to accommodate different stages of growth. “The Administration has exercised regulatory flexibilities to help health care providers and suppliers continue to respond to COVID-19.
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