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☆ Obamacare sign-ups reach 1 million during special enrollment window
▼ + stars: | 2021-05-11 | by ( Phil Helsel Is A Reporter For Nbc News. | ) www.nbcnews.com sentiment -1.00 time to read: +1 min

One million people have signed up for health coverage under an Affordable Care Act special enrollment period announced earlier this year, officials said Tuesday. "That’s one million more Americans who now have the peace of mind that comes from having health insurance," President Joe Biden said in a statement. Biden issued an executive order in late January to open a special enrollment period from Feb. 15 to May 15. The federal ACA insurance marketplace typically is open for a limited annual enrollment period, usually six weeks at the end of the year. The overall $1.8 trillion proposed package also includes universal preschool, two years of free community college and expanded access to child care.

Persons: Joe Biden, Biden, Mitch McConnell Organizations: Affordable Locations: Ky

☆ Biden Faces Russian Test Over Aid in Syria
▼ + stars: | 2021-05-11 | by ( Michael R. Gordon | Jessica Donati | ) www.wsj.com sentiment -0.95 time to read: +1 min

WASHINGTON—The Biden administration is bracing for a showdown with Russia over the delivery of United Nations aid to millions of Syrians outside the control of Syrian President Bashar al-Assad, a flow that Moscow is poised to block in July. At stake is the U.N.’s use of the Bab al-Hawa border crossing between Syria and Turkey, which the world body has used to send about 1,000 truckloads of aid a month to a region in northwest Syria with a population of more than four million. The U.S. and its allies say the closure of the border to the U.N. would put civilians in jeopardy, especially the 2.7 million people in the area who have been displaced by the conflict. The U.N. also has just started its Covid-19 vaccination campaign in the area, an effort not easily replaced by another organization. “It’s clear that the stakes are quite high,” said a U.S. official at the U.N. “We’ll be actively engaged both with like-minded countries who are standing with us on this and with others who have expressed some skepticism.”

Persons: WASHINGTON —, Biden, Bashar al, Assad, ”, “ We’ll Organizations: United Nations, U.S Locations: Russia, Moscow, Syria, Turkey, U.S, Iran

☆ Biden Tax Proposal Would Squeeze Apartment-Building Owners
▼ + stars: | 2021-05-11 | by ( Will Parker | ) www.wsj.com sentiment -0.98 time to read: +1 min

The tax treatment enables investors to defer capital-gains taxes if they invest profits from a real-estate sale into another property. It is used to buy and sell most types of real estate, but it has been a primary source of capital for apartment-building investors. “I think that the industry concern is that this will very much hamper transactions, and it will also then hamper reinvestment in improvements in local economies,” Ms. Conklin said. President Biden proposed limiting the profits that investors can defer from 1031 exchanges to $500,000. U.S. investors save billions on their tax bills this way every year.

Persons: Biden, Karlin Conklin, “, Ms, Conklin Organizations: Investors Management Group

☆ U.S. regulators should demand banks to hold more cash for climate risks -think tank
▼ + stars: | 2021-05-11 | by ( Pete Schroeder | ) www.reuters.com sentiment -0.99 time to read: +2 min

WASHINGTON (Reuters) -The U.S. Federal Reserve and other bank regulators should force banks to hold more cash to guard against potential losses due to climate change and possible steps to fight it, one of Washington’s top liberal think tanks said on Tuesday. The paper argues that regulators could move quickly to bolster banks’ capital cushions by establishing several new safeguards, including a new capital surcharge directly tied to how much pollution banks directly finance and heightened stress tests of big banks that incorporate climate risks. After lagging European counterparts on climate change under the Trump administration, the Fed has ramped up efforts in recent months, including devoting new staff specifically to exploring how climate change could affect the economy and the financial system. But the Fed has yet to adopt any new policies in response to climate change, which some argue are already overdue. It adds the Fed should go farther with the largest banks, imposing a new capital surcharge directly tied to how much carbon they finance with their activities.

Persons: Leah Millis, Biden, Trump, “, ”, Gregg Gelzinis, it’s Organizations: WASHINGTON, U.S . Federal Reserve, Federal Reserve Board, REUTERS, Center for American Progress, Reuters, Wall, Fed Locations: Washington , U.S

☆ U.S. Fed should require banks to hold more cash for climate risks -think tank
▼ + stars: | 2021-05-11 | by ( Pete Schroeder | ) www.reuters.com sentiment -0.98 time to read: +2 min

Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah MillisThe U.S. Federal Reserve should force banks to hold more cash to guard against potential losses due to climate change and possible steps to fight it, one of Washington's top liberal think tanks said on Tuesday. After lagging European counterparts on climate change under the Trump administration, the Fed has ramped up efforts in recent months, including devoting new staff specifically to exploring how climate change could impact the economy and the financial system. "It is increasingly clear that climate change could have important implications for the Federal Reserve in carrying out its responsibilities," said Fed Governor Lael Brainard in a March speech. But the Fed has yet to adopt any new policies in response to climate change, a move the paper argues the regulator can ill afford.

Persons: Leah Millis, Biden, Trump, Lael Brainard Organizations: Board, REUTERS, U.S . Federal, Center for American Progress, Reuters, Wall, Fed, Federal Reserve, Thomson Locations: Washington , U.S, U.S

☆ Virginia Republicans nominate Glenn Younkin for governor
▼ + stars: | 2021-05-11 | by ( Alex Seitz-Wald Is Senior Digital Politics Reporter For Nbc News. | Henry J. Gomez Is A National Politics Reporter For Nbc News. | Dartunorro Clark Is A Political Reporter For Nbc News. | ) www.nbcnews.com + 0.00 time to read: +3 min

Virginia Republicans selected former private equity executive Glenn Youngkin as their nominee in this year's governor's election, in which he will face whomever Democrats nominate in their own primary next month. "While certainly would have preferred a W, I send my heartfelt congratulations to @glennyoungkin on a tremendous race + deserved win. Virginia's off-year governor's election, which always takes place the year after a presidential election, is often read as a bellwether of the national mood a year into a new presidential term. A TV ad featured video of Trump singling out Youngkin by name for credit in a trade deal with China. In the final days before the convention, Youngkin campaigned with Sen. Ted Cruz, R-Texas, who has become a prominent Trump ally.

Persons: Glenn Youngkin, Pete Snyder, Snyder, Terry McAuliffe, Donald Trump, Snyder —, Mitt Romney's, Virginia —, State Sen, Amanda Chase, Youngkin, Trump, Carlyle, Sen, Ted Cruz, Joe Biden, — Organizations: Virginia Republicans, GOP, Carlyle Group, Gov, Youngkin, Trump, State, Virginia Locations: Virginia, China, Texas, Louisiana, Kansas, Vermont, Massachusetts

☆ Five undocumented children, including infant, abandoned at border
▼ + stars: | 2021-05-11 | by ( Tim Stelloh Is A Reporter For Nbc News Based In California. | ) www.nbcnews.com sentiment -0.81 time to read: +1 min

Five young undocumented migrants, including a 2-year-old and an infant, were by themselves when they were apprehended in South Texas at the U.S.-Mexico border, authorities said Monday. The oldest of the migrants, all of whom were girls from Honduras and Guatemala, was 7, Customs and Border Protection said in a statement. An agent with Customs and Border Patrol spotted the girls near Normandy, about 2½ hours southwest of San Antonio, on Sunday, the agency said. As of Friday, Mayorkas said, 700 children were in Border Patrol custody across the entire U.S.-Mexico border, down from a record of nearly 6,000 in March. The children apprehended Sunday were taken to a processing facility before being transferred to the Department of Health and Human Services, according to Customs and Border Protection.

Persons: Austin, Alejandro Mayorkas, Mayorkas, Harris Organizations: Protection, Customs, Border Patrol, Del, Chief, Homeland, Department of Homeland Security, Biden, Harris Administration, Sunday, Department of Health, Human Services Locations: South Texas, U.S, Mexico, Honduras, Guatemala, Normandy, San Antonio, Del Rio, Texas

☆ 'Ill-informed and cruel': Growing number of GOP-led states move to end Covid unemployment benefits
▼ + stars: | 2021-05-11 | by ( Dartunorro Clark Is A Political Reporter For Nbc News. | ) www.nbcnews.com + 0.00 time to read: +6 min

A growing number of Republican-led states are moving to end the extra $300 a week in Covid-19 pandemic-related unemployment benefits, arguing that the relief is discouraging U.S. workers from rejoining the labor force. "The purpose of unemployment benefits is to temporarily assist Mississippians who are unemployed through no fault of their own." Reeves directed the state to enforce all eligibility requirements to receive unemployment benefits, a process that was waived during the pandemic. "Incentives matter, and the vast expansion of federal unemployment benefits is now doing more harm than good. He said in a letter Friday that the federal unemployment measures "have accomplished their purposes."

Persons: Tate Reeves, Mississippians, Reeves, Biden, Greg Gianforte, Gianforte, Asa Hutchinson, Henry McMaster, Eric Holcomb, Holcomb, Gina Raimondo, Judy Conti, It's Organizations: Republican, U.S . Chamber of Commerce, American, Montana Gov, Bureau of Labor Statistics, South Carolina Gov, Indiana Gov, Hoosiers, CBS, Yale, National Employment Law Locations: Covid, Mississippi, Arkansas, South Carolina, Montana, Coronavirus State, Indiana

☆ Wind, Solar Power Made Strong Gains in 2020, IEA Says
▼ + stars: | 2021-05-11 | by ( David Hodari | ) www.wsj.com + 0.78 time to read: +1 min

Renewable power capacity grew at its fastest pace this century in 2020, the International Energy Agency said Tuesday, raising its growth forecast for wind and solar power for this year and next. The addition to the world’s renewable electricity capacity last year was 45% more than in the prior year—the biggest jump since 1999—as wind and solar farms sprang up across the world’s major economies, the IEA said in a report. The increase of 280 gigawatts in 2020 was partly driven by a rush to complete projects before government subsidies elapsed in China, the U.S. and Vietnam. The IEA raised its 2021 and 2022 growth forecasts by around 25%, with an addition of 270 gigawatts in capacity expected this year and 280 gigawatts next year. Growing demand for renewable power comes as governments and companies around the world try to cut carbon emissions with the aim of limiting global warming.

Persons: Biden Organizations: International Energy Agency, IEA Locations: Paris, China, U.S, Vietnam

☆ U.S. business lobby calls on China to play fair, warns of consumer boycott danger
▼ + stars: | 2021-05-11 | by ( ) www.reuters.com + 0.00 time to read: +4 min

REUTERS/Yuri Gripas/File PhotoChina should implement its commitments to equal treatment for foreign business and abandon "implicit" guidance to replace foreign products with domestic alternatives, the American Chamber of Commerce in China said on Tuesday. When ties worsen, U.S. firms see poorer implementation of regulations promising equal treatment for foreign business, affecting investment project approvals and market access, said Greg Gilligan, chairman of AmCham China. Legislation promising equal treatment for foreign and domestic companies is only unevenly implemented, said the paper, which also called for emerging sectors like cloud computing to be opened up to foreign companies. U.S.-China tensions were seen as a challenge to doing business in China for 78% of companies polled by AmCham, according to a survey released in March. China also pledged to toughen intellectual property protections, and improve agriculture biotechnology and financial services access for U.S. firms.

Persons: Yuri Gripas, Greg Gilligan, Sweden's, Joe Biden, Katherine Tai, Trump Organizations: Pentagon, REUTERS, American Chamber of Commerce, Republicans, AmCham, U.S . Trade, Biden, U.S, Thomson Locations: Arlington , Virginia, U.S, China, United States, China's, Xinjiang, Beijing, Beijing . U.S, Tai, Washington

☆ Renewables grew at fastest rate in two decades last year, IEA says in new report
▼ + stars: | 2021-05-11 | by ( Pippa Stevens | ) www.cnbc.com + 0.00 time to read: +3 min

Renewable power generation grew at the fastest rate in two decades last year, and that growth is set to continue in the aftermath of the pandemic, according to a new report from the International Energy Agency. IEA sees 270 GW added in 2021, followed by 280 GW in 2022. "Wind and solar power are giving us more reasons to be optimistic about our climate goals as they break record after record," said Fatih Birol, IEA's executive director. IEA believes solar installations will continue to break records, and predicts more than 160 GW installed annually by 2022. "If enacted, the bill would drive a much stronger acceleration in the deployment of renewables after 2022," the report said.

Persons: Fatih Birol, that's, Donald Trump, Joe Biden, Biden's Organizations: International Energy Agency, IEA, Energy Locations: China, U.S, Paris

☆ Opinion | Israelis, Palestinians and Their Neighbors Worry: Is This the Big One?
▼ + stars: | 2021-05-11 | by ( Thomas L. Friedman | ) www.nytimes.com + 0.00 time to read: +3 min

Indeed, Israel’s Supreme Court was slated to rule Monday on whether the Palestinians could be expelled but delayed the decision because of the violence. Palestinians argue that it is unfair that Jews can reclaim land or homes they owned in East Jerusalem before 1948 but Palestinians have no legal means to reclaim land they owned in West Jerusalem or anywhere else in Israel before 1948. Clashes over these sacred dates and sacred spaces would be incendiary enough, but they were also fueled, as I said, by scenes on TikTok. In April, some Palestinian youths uploaded a short video of themselves assaulting an Orthodox Jew on public transportation, as a way of inspiring copycat attacks. By the way, the Biden administration has no interest right now in being forced to react to those headlines.

Persons: Lehava, —, Abraham, Trump, Biden, Israel —, Bibi Netanyahu, Netanyahu, Bibi Organizations: Israel’s, West Bank, United Arab Locations: East Jerusalem, West Jerusalem, Israel, Jerusalem, Damascus, Old City, United Arab Emirates, Bahrain, Sudan, Morocco, Iran

☆ Biden is spending a huge amount of time at church so far during his presidency
▼ + stars: | 2021-05-11 | by ( Nicole Gaudiano | ) www.businessinsider.com + 0.00 time to read: +13 min

President Joe Biden usually slips into the back pews of the mid-19th-century Catholic church during the priest's entrance procession. Kevin Gillespie, the pastor at the Holy Trinity Catholic Church in Washington's posh Georgetown neighborhood. Church has been a significant outlet for the nation's second Catholic president during his early days in office. "Proud to marry Brian and Joe at my house," Biden tweeted with a photo of the ceremony. Still a 'regular guy' at churchParishioners at St. Joseph on the Brandywine Roman Catholic Church in Wilmington are used to seeing Biden there.

Persons: Joe Biden, Biden, Kevin Gillespie, he'd, Bob Dole, Gillespie, He's, Ash, Patrick's, Donald Trump, Joseph, Chieko Noguchi, José H, Gomez, Pope Francis, Tom Williams, Roe, Wade, Brian, Joe, doesn't, Cardinal Wilton Gregory, Monsignor William Koenig, hasn't, I'm, Nancy Pelosi's, Salvatore J, Cordileone, Andrea Mitchell, America's, John F, Kennedy, Margaret McGuinness, Pope Paul VI, Bettmann, Republican Richard Nixon, Beau, John Bel Edwards, Neilia, Naomi, Stephen Colbert, Ashley, Sen, Biden's, Jill Biden, Matthew the Apostle, Chip Somodevilla, Derek Chauvin, George Floyd's, he's Organizations: Catholic, Holy Trinity Catholic Church, Kansas GOP, Trinity Catholic Church, Service, US Conference of Catholic, Capitol, Washingtonian, White, White House, Holy Trinity, US Conference of Catholic Bishops, Washington's, Biden, ABC News, MSNBC, La Salle University, Republican, Trump, Democratic, Church, Brandywine Roman Catholic Church, St, Washington DC Locations: Washington's, Georgetown, Kansas, St, Delaware, Los Angeles, Texas, Minnesota, California, Washington, In Delaware, Biden's, San Francisco, South Carolina, Philadelphia, Vatican City, Louisiana, Wilmington, Minneapolis

☆ Russia denies involvement in Colonial Pipeline cyberattack
▼ + stars: | 2021-05-11 | by ( ) www.reuters.com sentiment -0.99 time to read: +2 min

Holding tanks are seen in an aerial photograph at Colonial Pipeline's Dorsey Junction Station in Woodbine, Maryland, U.S. May 10, 2021. REUTERS/Drone BaseRussia's embassy in the United States on Tuesday rejected speculation that Moscow had any responsibility for a ransomware cyberattack that has disrupted activity at the biggest U.S. gasoline pipeline. read moreThe Colonial Pipeline will not resume full operations for several days due to the attack, one of the most disruptive digital ransom schemes every reported which has been blamed on a shadowy criminal network called DarkSide. read more"The Embassy took note of the attempts of some media to accuse Russia of a cyber-attack on Colonial Pipeline," the Russian embassy said in a statement on Facebook. The FBI attributed the cyberattack to DarkSide, a group believed to be based in Russia or Eastern Europe.

Persons: Joe Biden, ransomware, refiners Organizations: REUTERS, U.S, Colonial Pipeline, Facebook, FBI, Thomson Locations: Dorsey, Woodbine , Maryland, U.S, United States, Moscow, Russia, Russian, Eastern Europe, Soviet

☆ 10 Things in Politics: Biden cracks down on jobless benefits
▼ + stars: | 2021-05-11 | by ( Brent D. Griffiths | ) www.businessinsider.com + 0.00 time to read: +8 min

Welcome back to 10 Things in Politics, your weekday look at the biggest stories in DC and beyond. President Joe Biden at the White House on April 6. MORE JOBS-REPORT FALLOUT: President Joe Biden said Americans receiving unemployment benefits must either take a job that is "suitable" or lose the support. Gina Raimondo; Official White House Photo by Adam Schultz; Jennifer Granholm; Deb Haaland. Today's trivia question: Dogs have had their days at the White House.

Persons: Anthony Fauci, Republican Sen, Rand Paul teeing, Joe Biden, Evan Vucci, Biden, Nick Oxford, Chipotle, Ghaith, Glenn Youngkin, Pete Snyder, Youngkin, Terry McAuliffe, Liz Cheney, Sen, Joni Ernst of Iowa, Cheney's, Ernst, Donald Trump, Cheney, Kevin McCarthy, McCarthy, Joe Biden's, Gina Raimondo, Adam Schultz, Jennifer Granholm, Deb Haaland, Team Biden, Major aren't, Biden's, Tedros Adhanom Ghebreyesu, Lo, Ben Affleck Organizations: Republican, White, Republicans, Reuters, Democratic, Costco, Washington Post, Politico, Drug Administration, Pfizer, BioNTech's, Former Carlyle Group, GOP, Gov, House Republicans, US Conference of Catholic, Team, New York Times, Health, Big Sky, Service Locations: Fauci, South Carolina , Montana, Arkansas, Fayetteville , Arkansas, Gaza, Jerusalem, Israel, Canada, Washington, India, Japan, Tokyo, Montana

☆ Former Arizona AG who quit the GOP said the people running the recount there 'lost and they can't get over it'
▼ + stars: | 2021-05-11 | by ( Mia Jankowicz | ) www.businessinsider.com + 0.00 time to read: +2 min

A former GOP state attorney general slammed the Maricopa County, Arizona, election recount. "They lost, and they can't get over it," Grant Woods, now a Democrat, told the AP. A former Arizona Republican attorney general said that the people running Maricopa County's much-criticized ballot recount "can't get over" losing the state in 2020. The recount was ordered by the GOP-led Arizona state legislature following widespread conspiracy theories around the result. "They lost, and they can't get over it," Woods told the AP on Monday.

Persons: Grant Woods, Donald Trump, Doug Ducey, Woods, Republican Sen Paul Boyer, Katie Hobbs, —, Ken Bennett, Joe Biden, Trump, There's, Boyer Organizations: GOP, AP, Arizona Republican, Maricopa, Democratic Party, Associated Press, Republican Gov, Service, Republican, Arizona, Democrats, The Washington Post, The, of Justice Locations: Maricopa County , Arizona, Arizona, Maricopa County, Arizona's

☆ Tech giants join call for funding U.S. chip production
▼ + stars: | 2021-05-11 | by ( Stephen Nellis | ) www.reuters.com + 0.00 time to read: +2 min

Silhouette of a mobile user seen next to a screen projection of the Apple logo in this picture illustration taken March 28, 2018. A global chip shortage has hit automakers hard, with Ford Motor Co (F.N) saying it could halve second-quarter production. read moreAutomotive industry groups have pressed the Biden administration to secure chip supply for car factories. "Government should refrain from intervening as industry works to correct the current supply-demand imbalance causing the shortage," the group said. Tech companies such as Apple are also being hit by the chip shortage, but far less severely than automakers.

Persons: Dado Ruvic, Joe Biden, Biden Organizations: Apple, REUTERS, Apple Inc, Microsoft Corp, Google, Intel Corp, America Coalition, Web Services, U.S, America, Democratic, Republican, U.S . Congress, Ford Motor, Reuters, Cisco Systems, General Electric, Hewlett Packard Enterprise, Verizon Communications Inc, Tech, Thomson Locations: America, Government

REUTERS/Drone BaseSupplies of gasoline tightened further in parts of the United States on Tuesday as the shutdown of the nation’s biggest fuel pipeline by hackers entered its fifth day, raising concern about price spikes at the pumps heading into the summer driving season. The top U.S. energy regulator issued a call on Monday for mandatory cybersecurity standards for pipeline operators. It is unknown how much money the hackers are seeking, and Colonial has not commented on whether it would pay. Fuel demand in the southeastern United States, a region that relies heavily on the Colonial system, has already risen as consumers fear looming shortages. The Department of Transportation on Sunday lifted driver restrictions on fuel haulers in 17 states affected by the shutdown.

Persons: Richard Glick, Joe Biden, ” Biden, “, Katina Willey Organizations: REUTERS, Colonial Pipeline, Energy Regulatory, FBI, Colonial, American Automobile Association, Department of Transportation, Thomson Locations: Dorsey, Woodbine , Maryland, U.S, United States, East, Russia, Eastern Europe, Soviet, Florida

☆ Biden: 1 million Americans sign up for healthcare in special enrollment period
▼ + stars: | 2021-05-11 | by ( ) www.reuters.com + 0.99 time to read: +1 min

REUTERS/Kevin LamarqueOne million Americans have signed up for health insurance on the U.S. government website Healthcare.gov during a special enrollment period that began on Feb. 15, President Joe Biden said in a statement on Tuesday. "One million more Americans who don’t have to lie awake at night worrying about what happens if they or one of their family members gets sick. Through this opportunity for special enrollment, we have made enormous progress in expanding access to health insurance," Biden said in a statement. The special enrollment period is open through Aug. 15. "There is plenty of time left to sign up, and I encourage everyone who needs health insurance to go to HealthCare.gov by August 15.

Persons: Joe Biden, Kamala Harris, Kevin Lamarque, Biden Organizations: White, REUTERS, ., Democrat, Affordable, Thomson Locations: U.S, Washington , U.S

☆ Moscow proposes arms control, security on agenda of possible Putin-Biden talks
▼ + stars: | 2021-05-11 | by ( ) www.reuters.com + 0.76 time to read: 1 min

Russian Foreign Minister Sergei Lavrov speaks during a news conference in Moscow, Russia May 5, 2021. Alexander Zemlianichenko/Pool via REUTERSMoscow has proposed discussing arms control and security issues at a possible meeting between Russian President Vladimir Putin and U.S. President Joe Biden, Foreign Minister Sergei Lavrov said on Tuesday. Lavrov said Moscow was still waiting for answers from Washington on a proposed summit between the two leaders. U.S. ambassador on disarmament Robert Wood said preparations for talks between the two leaders were underway. "President Biden and President Putin have agreed to explore strategic stability discussions on a range of arms control and emerging security issues," he told a virtual United Nations conference on disarmament.

Persons: Sergei Lavrov, Alexander Zemlianichenko, Vladimir Putin, Joe Biden, Lavrov, Robert Wood, Biden, Putin Organizations: Russian, REUTERS, U.S, United Nations, Thomson Locations: Moscow, Russia, REUTERS Moscow, Washington

☆ Britain seeking constructive engagement on COVID-19 vaccine waivers
▼ + stars: | 2021-05-11 | by ( ) www.reuters.com sentiment -1.00 time to read: +2 min

Vials labelled "AstraZeneca, Pfizer - Biontech, Johnson&Johnson, Sputnik V coronavirus disease (COVID-19) vaccine" are seen in this illustration picture taken May 2, 2021. REUTERS/Dado Ruvic/IllustrationBritain is seeking constructive engagement with the United States and other World Trade Organization members on the issue of IP waivers for COVID-19 vaccines, a government spokesman said after pressure from charities to back U.S. proposals. U.S. President Joe Biden last week threw his support behind waiving intellectual property rights for COVID-19 vaccines in a sharp reversal of the previous U.S. position. Around 35 million people have received at least one dose of a COVID-19 vaccine in Britain, about two-thirds of the adult population. AstraZeneca has pledged to not profit from sales of the vaccine during the COVID-19 pandemic.

Persons: Johnson, Dado Ruvic, Joe Biden, Boris Johnson Organizations: AstraZeneca, Pfizer, Biontech, Sputnik, REUTERS, Britain, World Trade Organization, U.S, Reuters, Oxford University, Thomson Locations: United States, Britain

☆ Semiconductor makers and users form a group to push for chip funding.
▼ + stars: | 2021-05-11 | by ( Thomas Kaplan | ) www.nytimes.com + 0.91 time to read: +1 min

Semiconductor companies and big businesses that use semiconductor chips have formed a new coalition to push for tens of billions of dollars in federal funding for semiconductor research and manufacturing in the United States. The new group, the Semiconductors in America Coalition, announced its formation on Tuesday amid a global semiconductor shortage that has caused disruptions throughout the economy. Its members include chip companies like Intel, Nvidia and Qualcomm and companies that rely on semiconductors like Apple, Google, Amazon Web Services, Microsoft, Verizon and AT&T. The coalition is calling on Congress to provide $50 billion in funding for semiconductor research and manufacturing, which President Biden has proposed as part of his $2.3 trillion infrastructure package. “Leaders from a broad range of critical sectors of the U.S. economy, as well as a large and bipartisan group of policymakers in Washington, recognize the essential role of semiconductors in America’s current and future strength,” said John Neuffer, the president and chief executive of the Semiconductor Industry Association, a trade group that represents semiconductor companies.

Persons: Biden, ”, John Neuffer Organizations: Semiconductors, America Coalition, Intel, Nvidia, Qualcomm, Google, Amazon Web Services, Microsoft, Verizon, AT, “, Semiconductor Industry Association Locations: United States, U.S, Washington

☆ The hackers behind the Colonial Pipeline cyberattack said they didn't mean to cause problems and will 'introduce moderation' in future targets
▼ + stars: | 2021-05-11 | by ( Bill Bostock | ) www.businessinsider.com + 0.00 time to read: +3 min

The DarkSide ransomware group appeared to acknowledge the hack and said it would change its approach to future targets. The group accused of carrying out the Colonial Pipeline cyberattack has said that it never intended to cause disruption to society, and would approach targets differently in the future. A ransomware group compromised the pipeline on Friday and demanded money in exchange for its release. The FBI said on Monday that DarkSide ransomware was responsible for the hack. Joseph Blount, the pipeline's CEO, told State Department officials at a Monday meeting that fuel shortages were likely, Bloomberg reported.

Persons: ransomware, Insider's Natasha Dailey, Joseph Blount, Jen Psaki, Joe Biden Organizations: Colonial Pipeline, FBI, Intelligence, Reuters, State Department, Bloomberg, White House Press, Bleeping, BBC Locations: East, Texas, New York, hospices, Russia

☆ Big Tech Firms Seek Federal Funding for Chip Manufacturing: Live Updates
▼ + stars: | 2021-05-11 | by ( Thomas Kaplan | ) www.nytimes.com + 0.00 time to read: +8 min

Live Big Tech Firms Seek Federal Funding for Chip Manufacturing: Live Updates RIGHT NOW L Brands will spin off Victoria’s Secret instead of trying to sell it. President Biden has called for $50 billion to encourage domestic semiconductor production as part of his infrastructure plan. The new coalition does not include any automakers, which have their own ideas for how the government should encourage domestic semiconductor manufacturing. Macy’s wants to build an office tower atop its Herald Square location. The retailer said in a statement on Monday that it would commit $235 million to help improve the Herald Square subway stations and to “transform Herald Square and Broadway Plaza into a modern, car-free pedestrian-friendly urban space for New Yorkers and visitors,” according to a website it created for the proposed project.

Persons: Biden, Doug Mills, ”, John Neuffer, Biden’s, —, Macy’s, Joni Ratts, Jenna Schoenefeld, hadn’t, John F, Clari Nolet, Lori Price, Bankrate.com Organizations: Big Tech, Chip Manufacturing, Brands, Semiconductor, New York Times Semiconductor, Semiconductors, America Coalition, Intel, Nvidia, Qualcomm, Apple, Google, Amazon Web Services, Microsoft, Verizon, AT, “, Semiconductor Industry Association, Ford Motor, American Automotive Policy Council, Motor & Equipment Manufacturers Association, United Automobile Workers, Herald, Broadway Plaza, Manhattan Community, Street, The New York Times, Internal Revenue Service, Social Security Locations: United States, U.S, Washington, America, New York, Macy’s

The Labor Department's JOLTS report — the measure of job opportunities and labor turnover — is out at 10 a.m. U.S. stock futures indicated a lower open Tuesday, a day after a tech-led sell-off saw the S&P 500 and Nasdaq post their largest one-day percentage losses since March 18. Dow futures implied an opening drop of around 142 points, while S&P 500 and Nasdaq futures were further in the red. Full Truck Alliance, which links truck drivers to people who want to ship items, received backing last fall from SoftBank and Tencent. The transaction is expected to close in August, putting Victoria's Secret and Bath & Body Works into two publicly traded firms.

Persons: Dow, Biden, Joe Biden, Vladimir Putin, Maria Van Kerkhove, Uber Organizations: Palantir Technologies, Electronic Arts, EA, Labor, Nasdaq, Dow, CNBC, Pfizer, U.S . Food, Drug Administration, Centers for Disease Control, Colonial Pipeline, FBI, World Health Organization, WHO, Associated Press, Alliance, National Transportation Safety, Facebook, NBC, Brands, Body, Globes, Hollywood Foreign Press Association, Comcast Locations: U.S, Russia, Moscow, Russian, India, SoftBank, Spring , Texas, Hollywood

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