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The Federal Trade Commission said Friday that it is suing three drug middlemen, accusing them of inflating insulin prices. PBMs work with insurance companies to negotiate discounted prices from drug companies in exchange for including the drugs in their coverage. The drug was priced at $274 in 2017, as a result of the PBMs rebate system strategy, the FTC said. In July, Democratic and Republican lawmakers blamed executives from Caremark, Express Scripts and Optum Rx for sky-high prescription drug prices in the U.S. during an oversight committee hearing. The lawsuit also comes as states — most recently Vermont — have sued PBMs, alleging they drive up drug costs.

Persons: Cigna, Eli Lilly, Rahul Rao, It’s, Raja Krishnamoorthi, PBMs Organizations: Federal Trade Commission, FTC, CVS, Cigna's, Zinc Health, Ascent Health, Emisar Pharma Services, UnitedHealth, CVS Health, Novo Nordisk, Democratic, Republican, Caremark, New York Times, Republicans, ” Rep Locations: U.S, FTC’s, Vermont

☆ FTC sues drug middlemen for allegedly inflating insulin prices
▼ + stars: | 2024-09-20 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

The Federal Trade Commission on Friday sued three large U.S. health companies that negotiate insulin prices, arguing the drug middlemen use practices that boost their profits while "artificially" inflating costs for patients. It comes three days after Express Scripts sued the FTC, demanding that the agency retract its allegedly "defamatory" July report that claimed that the PBM industry is hiking drug prices. It also alleges that PBMs favor those high-list-price insulins even when more affordable insulins with lower list prices become available. President Joe Biden's signature Inflation Reduction Act has capped insulin prices for Medicare beneficiaries at $35 per month. The FTC said it remains "deeply troubled" by the role insulin manufacturers play in higher list prices, arguing that they inflate prices in response to PBMs' demands for higher rebates.

Persons: Lina Khan, UnitedHealth, drugmakers Eli Lilly, Caremark, PBMs, Rahul Rao, Rao, Joe Biden's, Biden, Eli Lilly, Eli Lilly's Organizations: Federal Trade Commission, CVS, Cigna's, FTC, Sanofi, Novo Nordisk, Express, Competition Locations: Rayburn, Washington ,, U.S, drugmakers, FTC's

One out of 4 of the 31,000 homeowners in the coastal parish live there without homeowners insurance — one of the highest percentages in the United States. Across the country, 13.4% of homeowners — about 1 in 8 — are unprotected by homeowners insurance, according to an NBC News analysis of new Census Bureau data. It’s a double-edged sword.”The Census Bureau data shows how many homeowners pay less than $100 — or nothing at all — for homeowners insurance. According to the Census Bureau survey, which was taken in 2023, 20.8% of homeowners without mortgages also lack meaningful homeowners insurance. Among mortgage-holders, 8.5% don’t have meaningful homeowners insurance — and while banks require owners with mortgages to have homeowners insurance, gaps in coverage do happen.

Persons: Hurricane Francine, “, ”, Shannon Martin, you’re, Martin, ” Martin, Mark Friedlander, ” Friedlander, There’s, Daryl Fairweather, Redfin’s, ” Fairweather Organizations: NBC, Bankrate, Insurance Information Institute, “ Insurance Locations: Louisiana’s Terrebonne Parish, United States

☆ Why these three states are the most consistent tipping point in American politics
▼ + stars: | 2024-09-17 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +21 min

Trump won the presidency in 2016 by stunning Democrat Hillary Clinton to win all three states by a combined margin of about 80,000 votes. But, as in other states, Democrats have been concerned about the risk of depressed turnout and some gains for Trump among Black voters in Philadelphia. Eight years later, the two states split again, when Roosevelt comfortably won Pennsylvania and Michigan narrowly went to Republican Wendell Willkie. This trio of states has arguably become the most consistent tipping point in American politics. In the nine elections since 1920 when they split their vote, the candidate who carried two of these three states won seven times.

Persons: Kamala Harris, Donald Trump –, Trump, Hillary Clinton, Joe Biden, Harris, Bob Shrum, Shrum, Tad Devine, “, Biden, PRRI, William Frey, Tim Marema, don’t, Mason, Dixon, Barack Obama, Tony Evers, Gretchen Whitmer, Josh Shapiro, Republican Sen, Ron Johnson, Dane County, Ben Wikler, Pete Giangreco, ”, You’ve, That’s, Gene Ulm, Roe, Wade, Whitmer, Branden Snyder, It’s, Clinton, Dante Chinni, White, ” Chinni, they’ve, They’ve, Republican pollster Patrick Ruffini, Ruffini, “ I’m, ” Ruffini, Geoff Garin, Michael Dukakis, Republican George H.W, Republican George H.W . Bush, James Buchanan, John C, Franklin D, Roosevelt, Herbert Hoover, Republican Wendell Willkie, Gerald Ford, Jimmy Carter, Theodore Roosevelt’s, Al Gore, John Kerry, Republican Thomas Dewey, Hubert Humphrey, Garin Organizations: CNN, White House, Democratic, Michigan, Wisconsin, AdImpact, Trump, Center, University of Southern, “, Republicans, Survey, Blacks, of Labor Statistics, Public Religion Research, Whites, GOP, Brookings Metro, for Rural, doesn’t, Keystone State, Republican, Center for Rural, Democrats, Biden, Black, White, Wisconsin , Michigan Democrats, Detroit, Electoral, American Communities Project, …, Democrat, Pennsylvania, Republican Party Locations: Michigan, Wisconsin, Pennsylvania, Georgia, North Carolina , Arizona, Nevada, Flint , Michigan, University of Southern California, California , New York, Illinois, Texas, Florida, Ohio, . Michigan, Wisconsin’s, Milwaukee, Philadelphia, Detroit, Waukesha, Ozaukee, Washington, Madison, Dane, Dane County, Eau Claire, Appleton, La Crosse, Outagamie, Winnebago, Green Bay, Green, Chicago, Scranton, Wilkes, Barre, ” Michigan, “ Michigan, Gaza, Wisconsin , Michigan, United States, “ Pennsylvania, Ulm, Pittsburgh, Butler , Pennsylvania, Republican George H.W ., Fremont, North Carolina, Michigan , Pennsylvania, “

☆ What this Boeing strike is really all about
▼ + stars: | 2024-09-14 | by ( Allison Morrow | Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —At the heart of the Boeing strike that began Friday is a story about what happens when penny-pinching executives lose the plot and it falls to workers to get everyone back on track. If Boeing were any other business — and not a too-big-fail half of a global duopoly — it almost certainly would have declared bankruptcy. Years of pent-up resentment over Boeing’s mismanagement, combined with pandemic-era inflation and a resurgent labor movement, made this strike inevitable. Ahead of the strike, Ortberg urged workers not to strike while acknowledging their anger over nearly two decades of past contracts that downsized their retirement and health care benefits. Almost exactly one year ago, the United Auto Workers union won historic guarantees from the Big Three automakers after a seven-week strike.

Persons: —, ”, Richard Aboulafia, James McNerney, Aboulafia, Kelly Ortberg, missteps, Ortberg, Jon Holden, “, — who’ve, Dave Calhoun’s, Holden, haven’t, ” Holden, Sharon Block Organizations: New, New York CNN, Boeing, SpaceX, International Association of Machinists, United Auto Workers, Big, UAW, hardball, Harvard Law School’s Center for Labor Locations: New York, January’s, Renton , Washington, Seattle, Virginia, South Carolina, Washington, United States

☆ Beijing suspends PwC's China unit for six months in record penalty over Evergrande audit
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: +5 min

Chinese regulators on Friday hit PwC's auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm's audit of troubled property developer China Evergrande Group . "PwC has seriously eroded the basis of law and good faith, and damaged investors' interest," said the China Securities Regulatory Commission (CSRC) in a statement. PwC Zhong Tian, the registered accounting entity and the main onshore arm of PwC in China, was the country's top-earning auditor in 2022, according to the latest official data. "The cost is enormous in reputation, affecting the ability to get new business in China beyond the fine. PwC also deliberately excluded properties that Evergrande marked as "not allowed to visit" from audit samples, it added.

Persons: Zhong Tian, PwC, Gary Ng, PwC Zhong Tian, PwC Zhong, Daniel Li, Hemione Hudson, CSRC Organizations: China Evergrande Group, Big, China Securities Regulatory Commission, China's Ministry of Finance Locations: China, PwC, Asia, Pacific, Guangzhou, Hong Kong, New York

☆ None of the Big Three has won a grand slam this year. They leave a legacy which has transformed tennis on and off the court.
▼ + stars: | 2024-09-10 | by ( Issy Ronald | ) edition.cnn.com time to read: +10 min

But this year, men’s tennis has had a different complexion since none of Federer, Nadal or Djokovic has won a grand slam title for the first time since 2002. Whatever comes next is unlikely to mirror the previous era, leaving men’s tennis in an unfamiliar position, shorn of its three biggest icons who transcended the court. Carlos Alcaraz has already won four grand slam titles at the age of 21. “There has to be a real recalibration … because I already see people talking, like, ‘Can Alcaraz catch Djokovic’s grand slam record?’” Rothenberg tells CNN Sport. Medvedev and Dominic Thiem, who is retiring at the end of this year, are still the only men born in the 1990s to win a grand slam.

Persons: Roger Federer, Rafael Nadal, Novak Djokovic, Federer, Nadal, Djokovic, Andy Murray, –, Carlos Alcaraz, Alcaraz, Sinner, “, Mats Wilander, Pete Sampras, That’s, Ben Rothenberg, Matthew Stockman, Taylor Fritz, Frances Tiafoe, Ben Shelton, Holger Rune, Daniil Medvedev, ’ ” Rothenberg, Williams, ”, Wilander, Rafa Nadal, Medvedev, Dominic Thiem, Ryan Pierse, Rafa, ” Simon Cambers –, it’s, “ It’s, ” Jett Wright –, Topnotch Management –, David Foster Wallace, Anna Wintour, Angela Weiss, … Don’t, Björn Borg, Matteo Berrettini, Hugo Boss, Gucci, Simon Graf, Wright, Ernesto S, they’ll Organizations: CNN, Big, Australian, Wimbledon, Eurosport, CNN Sport, Federer, Serena, Nadal, “ Tennis, Topnotch Management, Getty, Cambers, MLB, MLS, NBA Locations: –, American

☆ Read the 16-page pitch deck an app focused on helping people ditch the DMs and go on IRL dates used to raise $3 million
▼ + stars: | 2024-09-02 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

Could a dating app that's built around setting up an actual date help? First Round's on Me is a new dating platform founded by husband-wife duo Joe and Hannah Feminella. The two are actually a Hinge success story, Joe told Business Insider. Fundraising is a bit like dating, it turns out, Joe told BI. FROM is growing at a time when other newcomers in the dating and social space are emerging as well.

Persons: —, Joe, Hannah Feminella, Hannah, Let's, There's, — Tinder Organizations: Service, Business, Manna Property, IRL Locations: DMs

The U.S. women's national soccer team is looking to continue its undefeated streak at this year's Olympics as the squad prepares for a second match against Germany in the semifinals. She became the youngest player on the women's squad to score in extra time in a knockout round at the Games since the 2004 Athens Olympics. Marc Atkins / Getty ImagesRodman, along with Sophia Smith, 23, and Mallory Swanson, 26, have been a defining feature of this new era of the U.S. women's national team so far. Winning against Germany would guarantee at least a silver medal as the team moves into the final match. The only other time the women's national team has gone undefeated at the Olympics was in 2012, which was also the last time the team won gold at the Games.

Persons: Trinity Rodman, Marc Atkins, Rodman, Sophia Smith, Mallory Swanson, Emma Hayes, Hayes, Swanson, Smith, Brad Smith, It's, Alex Morgan, Morgan, Lindsay Horan, Crystal Dunn, Rose Lavelle, Lavelle, Samantha Coffey, Korbin Albert, Coffey, Emily Fox Organizations: U.S, soccer team, Germany, Games, Olympics, Trinity, Japan, Getty, women's, American Locations: Germany, U.S, Athens, France

☆ I do a lot of the invisible labor in my house. I'm teaching my kids to 'notice and do' so I don't have to ask for help.
▼ + stars: | 2024-07-24 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

AdvertisementMy husband and I created a more equitable divisionI wasn't happy teaching Chas how to notice things that needed to be done. But I was showing them that the wife or mother should notice what needs to be done and delegate household work. The kids need to notice and complete at least one chore a dayThat's when I came up with the idea for a "notice and do" approach. It rewards kids for seeing the things that have to be done around the house, not just completing chores. In addition to the "Big Three," my kids need to notice and complete one additional chore of their choosing.

Persons: Sam Kelly, Chas, I've, —, they've Organizations: Service

☆ Carlos Alcaraz defeats Novak Djokovic in straight sets to defend Wimbledon crown
▼ + stars: | 2024-07-14 | by ( Aimee Lewis | ) edition.cnn.com time to read: +5 min

In defeating Novak Djokovic in the Wimbledon men’s final in straight sets – a straightforward 6-2 6-2 7-6 (7-4) victory against one of the sport’s greats – Alcaraz became the first Spaniard to successfully defend his Wimbledon crown, a feat not even Rafael Nadal had managed. Not even the “Big Three” of Federer, Nadal and Djokovic had won as many grand slams at such an age. Nadal was 22 by the time he had won four, Federer 23 and Djokovic 24. Extraordinary tennisThe match started in Technicolor, a 14-minute opening game which ended with Alcaraz breaking Djokovic. Perhaps the achievement of reaching a major final after suffering a meniscus tear during the French Open should not be lost in the aftermath of this contest.

Persons: hasn’t, Carlos Alcaraz, Novak Djokovic, – Alcaraz, Rafael Nadal, Djokovic, Rod Laver, Bjorn Borg, Nadal, Roger Federer, “, Roland Garros, ”, “ I’m, Alcaraz, Paul Childs, Federer, Andrej Isakovic, He’s, John McEnroe, Djokovic’s Organizations: CNN, Wimbledon, Serb, French, Reuters, Federer, Djokovic, ATP, Alcaraz, Getty, BBC Sport, WImbledon Locations: AFP

☆ Carlos Alcaraz: ‘I want to sit at the same table as the big three.’ Spaniard charts path to greatness ahead of Wimbledon
▼ + stars: | 2024-07-01 | by ( Aleks Klossok | ) edition.cnn.com time to read: +6 min

The youngest male player to win three grand slams on three different surfaces – the 2022 US Open, Wimbledon in 2023 and the French Open in 2024 – at 21. Take, for example, the French Open. Let’s see if I’m going to be in this position.”Alcaraz celebrates winning match point against Alexander Zverev in the men's French Open final. “As a Real Madrid fan, I was watching in Paris [during the French Open]. “I’m really, really happy with everything that I’m living right now.

Persons: Carlos Alcaraz, “, ” Alcaraz, Novak Djokovic, Rafael Nadal, Roger Federer, you’d, I’ve, ”, Juan Carlos Ferrero, ” –, Juanjo Moreno, –, Ferrero, Albert Costa, Carlos Moyá, Sergi Bruguera, Garbiñe, “ I’m, Lisi Niesner, Alcaraz, Estonia’s Mark Lajal, Clive Brunskill, Djokovic, Francisco Cerúndolo, Roger Federer’s, Novak, Alexander Zverev, what’s, Roland Garros, I’m Organizations: Wimbledon, London CNN, CNN Sport, CNN, Nadal, “, Reuters, Real Madrid, Borussia Dortmund, Olympic, Real, Spanish national Locations: London, Spanish, –, Alcaraz, Spain, SW19, Berlin, Paris, Real Madrid, Wimbledon

☆ Overpaying for Medicine
▼ + stars: | 2024-06-21 | by ( Reed Abelson | Rebecca Robbins | ) www.nytimes.com time to read: +1 min

But there’s another reason: middlemen known as pharmacy benefit managers, or P.B.M.s. But in their quest for higher profits, they are quietly driving up prescription drug costs. Your pharmacy benefit manager is often invisible to you unless you’re having trouble filling a prescription. (You probably rely on one of the big three: CVS Health’s Caremark, Cigna’s Express Scripts or UnitedHealth Group’s Optum Rx.) Today, we published a story about these companies, how they affect drug spending and how they amassed so much control with so little transparency.

Persons: you’re Organizations: Cigna’s

☆ Katie Ledecky in SoFi Stadium: Plans Emerge to Supercharge the 2028 L.A. Olympics
▼ + stars: | 2024-06-21 | by ( Kevin Draper | Jenny Vrentas | ) www.nytimes.com time to read: +1 min

The organizers of the 2028 Summer Olympics in Los Angeles have promised to have the most ambitious sports program ever and sell more tickets than any other Games. LA28, the organizing committee, announced on Friday that the swimming competition at the 2028 Games would be held at SoFi Stadium, the home of the Rams and Chargers, the city’s two N.F.L. There will be at least 35,000 seats for fans, double the size of typical venues used for most Olympic swimming events — which, along with gymnastics and track and field, are one of the biggest draws for the Olympics. The decision to move the swimming events into the gleaming SoFi Stadium is a reflection of the economics of hosting the Olympics. This year’s Games, which begin in Paris at the end of July, may break even, officials have suggested.

Persons: “, ” Casey Wasserman Organizations: SoFi, Rams, Chargers Locations: Los Angeles, Paris

☆ Three under-the-radar tech stocks poised for a breakout, according to the charts
▼ + stars: | 2024-06-20 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

But investors focusing on those big three may be missing some compelling breakouts in the sector, according to the charts. Microsoft is up a pedestrian 10% since then, but combined, they've helped propel the SPDR Technology ETF (XLK) to a new all-time high. Indeed, there's nothing wrong with riding a trend, but many times a long uptrend starts with a pattern breakout. And starting in 2023, the following combination has produced the best results: rallying from a higher low as the stock's 14-day Relative Strength Index bottoms near 50. It's never perfect, but this setup has presented favorable risk-reward scenarios more often than not, and each ensuing bounce eventually resulted in higher highs.

Persons: they've, ROP, it's, It's, Frank Cappelleri Organizations: Nvidia, Apple, Microsoft, SPDR Technology, Roper Technologies, Technology Locations: Here's

☆ The unloved stock market rally: Why so many investors find it hard to embrace this run to records
▼ + stars: | 2024-06-15 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500 has made an all-time high on nearly thirty days this year, four of them this past week. The main S & P is up more than 3% in the second quarter while its median stock is off 5% quarter to date. .SPX mountain 2024-03-29 S & P 500 quarter to date The S & P 500 has added $5.5 trillion in market capitalization in 2024, with roughly half kicked in by the Big Three. Wall Street strategists as a group project no upside for the S & P 500 in the second half , their average and median targets both below Friday's closing level. The weekly American Association of Individual Investors survey shows the spread between bulls and bears narrowing lately even with the S & P grinding higher.

Persons: we've, FANG, That's, It's, Jerome Powell's, Chris Verrone, I've Organizations: Microsoft, Apple, Nvidia, Investment, Treasury, Federal Reserve, Citi U.S, CPI, Fed, American Association of

☆ US flight prices are over $200 cheaper than they were 30 years ago when adjusting for inflation. Here's why it doesn't feel like it.
▼ + stars: | 2024-06-10 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +10 min

But if you ask some Americans, airfares have gotten out of control in recent years. Keyes said international inflation-adjusted airfares for US passengers have also generally fallen over the past decade. To be sure, any frustrations about airfare prices haven't stopped many Americans from flying. "The decline in inflation-adjusted airfares appears to be uncorrelated with the financial performance of the 'big three' airlines," Tan said. AdvertisementIt's also possible that after airfare prices plummeted due to the pandemic, 2022's swift rise in airfares caught Americans off guard.

Persons: —, airfares, Scott Keyes, Mike Daher, It's, Keyes, Biden, Kerry Tan, they've, haven't, Tan, Tan, there's, airfare, Hayley Berg, Hopper's, NerdWallet Organizations: Service, Bureau of Transportation Statistics, Business, Deloitte, Gallup, JetBlue, Spirit Airlines, Department of Transportation, TSA, Loyola University Maryland, Delta, of Transportation, Airlines for America, Southwest, Spirit, United, Biden Administration, The Airlines Locations: United, America

☆ The scary secret behind the boom in data centers
▼ + stars: | 2024-06-04 | by ( Adam Rogers | ) www.businessinsider.com time to read: +10 min

Last year all the data centers in the world had room for 10.1 zettabytes of information — roughly 456 billion Wikipedias. And with the rise of artificial intelligence, which requires vast quantities of data and power, the global capacity of data centers is expected to double by 2027. Data centers are more than just vast digital warehouses. The more data centers those companies have, the more of those services they can offer, and the more storage and number-crunching capacity they can provide. Over time, economists warn, AI startups will inevitably lose out to the tech giants that control the data centers.

Persons: they're, Cecilia Rikap, Matthew Wansley, Jonas Jacobi, Jacobi, It's, Rikap, Bengt, Åke, There's, Lina Khan, Today's, Adam Rogers Organizations: Google, Microsoft, Amazon Web Services, Big Tech, Corporate, Regulators, Yeshiva University, Amazon, Venture, Aalborg University, Tech, Google Cloud, Federal Trade Commission, Business Locations: OpenAI, Hotel California, Denmark, Europe, lockstep

☆ An icon of Detroit’s ruin is now a symbol of Motor City’s economic resurgence
▼ + stars: | 2024-06-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

CNN —For more than 35 years, Michigan Central Station has lain dormant, towering above Detroit’s Corktown neighborhood as a harsh and stoic reminder of the city’s economic pain. Now, Michigan Central Station, the neighboring old Book Depository and Butler himself are all symbols of hope for Detroit’s future and its ongoing economic resurgence. An aerial view of Michigan Central Station and the surrounding property, including the former Book Depository (left), under construction in 2020. Stephen McGee/Michigan Central Michigan Central Station's Grand Hall before and after the six-year renovation project funded by the Ford Motor Company. And with Michigan Central Station coming online, that’s only expected to grow.

Persons: Ronald Butler, “ We’ve, ” Butler, Timothy Fadek, ”, Henry Ford’s, Butler, James Haefner, Mary Culler, Ford, ‘, Kevin Johnson, Stephen McGee, ” Johnson, “, Johnson, Charles Dougherty, I’m, Geoff Robins, ’ ” Dan Austin, Eminen’s, Rebecca Cook, Bill Ford, CNN’s Poppy Harlow, Michigan Central Stephen McGee, tradespeople, Carlos Osorio, ” Austin, Josh Sirefman Organizations: CNN, Michigan Central, Detroit Fire Department, ”, Train Station, Motor, Detroit, Michigan Central Station, Storage Safety, Michigan, Ford Motor Company, Depository, Ford, Detroit Economic Growth Corporation, of Labor Statistics, Getty, Honda Accord, Reuters, Denver’s, Michigan Central Michigan Central Station's Locations: ” Michigan, Motor City, Michigan, Detroit, “, Wells Fargo, AFP, ”, ’ ” Dan Austin , Michigan, America, Indiana

☆ Mercedes-Benz workers in Alabama vote against unionizing in blow to big UAW push
▼ + stars: | 2024-05-17 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

Out of the valid votes counted, 56% of workers voted “no,” while 44% voted “yes” for unionization, according to Mercedes-Benz. Under relatively new UAW president Shawn Fain, the UAW had shifted its strategy for a membership push in non-unionized factories, many of which are located in the American South. David Johnston, right, a worker at Mercedes, thanks UAW President Shawn Fain following a press conference in Tuscaloosa, Alabama on May 17, 2024, after workers at two Alabama Mercedes-Benz factories voted overwhelmingly against joining the United Auto Workers union. Alabama is not Michigan, and we are not the Sweet Home to the UAW,” Ivey said in the statement. People react as the result of a vote comes in favour of the hourly factory workers at Volkswagen's assembly plant to join the United Auto Workers (UAW) union, at a watch party in Chattanooga, Tennessee, U.S., April 19, 2024.

Persons: Shawn Fain, Fain, ”, ” “, ” Fain, David Johnston, Kim Chandler, “, Kay Ivey, Vance, ” Ivey, Mercedes, Tesla, Seth, Wheaton, Mercedes plant’s, It’s, Mercedes Benz, ” Wheaton, “ It’s, Chris Isidore, Nathaniel Meyersohn Organizations: New, New York CNN, United Auto Workers, Mercedes, Benz, The National Labor Relations Board, UAW, Alabama, Big Three, Volkswagen, International, Team, Workers, Alabama Gov, Benz US International, Member, ” CNN, US, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volvo, Seth Herald, Reuters, Chattanooga, Volkswagen didn’t, Cornell University School of Industrial and Labor Relations ’, CNN, P Global Market Intelligence Locations: New York, Benz, Alabama, United States, Chattanooga , Tennessee, American, Tuscaloosa , Alabama, MBUSI, Alabama , Georgia , Mississippi, South Carolina , Tennessee, Texas, Michigan, U.S, Cornell University School of Industrial and Labor Relations ’ Buffalo

☆ What’s at stake in the union election at a Mercedes-Benz plant in Alabama
▼ + stars: | 2024-05-16 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +9 min

New York CNN —A high-stakes union election is underway at a Mercedes-Benz plant near Tuscaloosa, Alabama, the only plant for the luxury automaker in North America. The fallout will be significant whether the workers at Mercedes-Benz vote to join the United Auto Workers union or not. And last month, it won a union election at a Volkswagen plant in Chattanooga, Tennessee, its first victory in three attempts to organize the factory. Though a union win could generate momentum, it doesn’t mean a victory will mean other plants can overcome management opposition at other foreign-owned plants. Non-union automakers have already begun their response to the big union victories thus far.

Persons: Shawn Fain, Fain, ”, —, Tesla, Mercedes, Mercedes ’, “, MBUSI, Wheaton, Mercedes plant’s, It’s, Mercedes Benz, ” Wheaton, “ It’s, Harry Katz, ” Katz, Katz, ’ ” Katz, they’ve, CNN’s Chris Isidore, Nathaniel Meyersohn Organizations: New, New York CNN, Benz, Mercedes, United Auto Workers, UAW, Big Three, Volkswagen, Kia, Toyota, US, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Volvo, Team, The National Labor Relations Board, Benz US International, Member, Volkswagen didn’t, Cornell University School of Industrial and Labor Relations ’, CNN, “ Labor, Big, – GM, Ford, Cornell University School of Industrial and Labor Relations, P Global Market Intelligence, General Motors Locations: New York, Tuscaloosa , Alabama, North America, Chattanooga , Tennessee, United States, Vance , Alabama, Tuscaloosa, ”, Cornell University School of Industrial and Labor Relations ’ Buffalo, Alabama, Alabama , Georgia , Mississippi, South Carolina , Tennessee, Texas

☆ The US Navy's only forward-deployed aircraft carrier, USS Ronald Reagan, is leaving Japan after nearly a decade in the Pacific
▼ + stars: | 2024-05-16 | by ( Ella Sherman | Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewThe USS Ronald Reagan, the only aircraft carrier in the US Navy forward deployed, or permanently stationed in another country, is leaving Japan after spending nearly a decade in the Pacific. Related storiesIn 2021, USS Ronald Reagan briefly left its forward-deployed position to provide air support during US withdrawal operations in Afghanistan. USS Ronald Reagan traveling through the Straits of Magellan, to San Diego, CA, in a transfer move. US Navy/Photographer's Mate 3rd Class Elizabeth ThompsonThe USS Ronald Reagan already had a history of cooperation with Japan prior to its deployment. "Whether it's aboard USS Ronald Reagan today or USS George Washington in the future, we will continue to strengthen those ties at all levels, on-shore and at-sea."

Persons: —, Ronald Reagan, Ronald Reagan Sailors, Daryle Cardone, Ronald Reagan's, Reagan, Photographer's, Elizabeth Thompson, USS George Washington, George Washington, Greg Newkirk, Anthony Wallace, Gerald R Organizations: Service, US Navy, Business, Nimitz, Carrier Strike, CSG, Fleet, USS, Japan, Self, Defense Force, Navy, Aircraft, Getty, Pacific . Aircraft, US, Pacific Locations: Japan, Yokosuka, China, Afghanistan, Magellan, San Diego , CA, Bremerton , Washington, Israel, Iran, Gaza, Pacific, Russia, North Korea

☆ How MSNBC’s Leftward Tilt Delivers Ratings, and Complications
▼ + stars: | 2024-05-15 | by ( Jim Rutenberg | Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

MSNBC placed a big bet on becoming comfort TV for liberals. Time slots on the cable network once devoted to news programming are now occupied by Trump-bashing opinion hosts. On Super Tuesday, when producers aired a portion of a live speech by former President Donald J. Trump, Rachel Maddow chastised her bosses on the air. But MSNBC’s success has had unintended consequences for its parent company, NBC, an original Big Three broadcaster that still strives to appeal to a mass American audience. Local NBC stations between the coasts have demanded, again and again, that executives in New York do more to preserve NBC’s nonpartisan brand, lest MSNBC’s blue-state bent alienate their red-state viewers.

Persons: Biden’s, Jen Psaki, Donald J, Trump, Rachel Maddow Organizations: MSNBC, Trump, White, CNN, Fox News, NBC, Local NBC Locations: New York

☆ Biden's EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
▼ + stars: | 2024-05-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

Win Mcnamee | Getty ImagesDETROIT – President Joe Biden's plan to quadruple tariffs on China-made electric vehicles is unlikely to stave off the threat of more Chinese cars and trucks on U.S. roadways. Automotive and trade experts say the increased tariffs are a near-term protectionism act that may delay, but won't stop, Chinese automakers from coming to the U.S. with EVs. The EV tariffs, including other increases regarding battery materials, were among new tariff rates on $18 billion worth of Chinese imports. The quality and build of vehicles by Chinese automakers have gotten significantly better in recent years, as the Chinese government has subsidized their operations to grow domestic production. GM and others have found it hard to compete against budget and mainstream Chinese vehicles, including EVs.

Persons: Joe Biden, Win Mcnamee, Joe Biden's, It's, Dan Hearsch, Stellantis —, Warren Buffett, BYD, Morgan Stanley, Tim Hsiao, Lincoln Organizations: White, Getty, DETROIT, Communist, U.S . Automotive, Motors, U.S, — GM, Ford Motor, Chrysler, Warren, EV, Wall Street, China Association of Automobile Manufacturers, U.S . Vehicles, Lincoln Nautilus, Volvo, Biden Administration Locations: Rose, Washington , DC, China, Mexico, Americas, U.S

☆ Kendrick Lamar and Drake's beef explained, from its 2013 origins to their diss tracks "Push Ups" and "6:16 in LA" and latest responses
▼ + stars: | 2024-05-04 | by ( Ayomikun Adekaiyero | Eve Crosbie | ) www.businessinsider.com time to read: +26 min

Both rappers released diss tracks that took blistering personal shots on Friday night. "He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. Later in the track, Drake references Cole's diss track and apology. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. "6:16 in LA" also parodies Drake's song titles, which often feature location names and timestamps.

Persons: Kendrick Lamar, Drake's, Drake, —, Lamar's fiancée Whitney Alford, Lamar, Aubrey Drake Graham —, Lamar dissed Drake, J, Cole, Rick Ross, Cole —, Taylor, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, Prince, Mike Jack, Prince . Prince, “, rics, Organizations: Metro Boomin, Service, Future, Metro, HBO, Drake, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, LA, Florida

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