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☆ FDA staff says Biogen's ALS drug may have a 'clinical benefit' on a rare form of the disease
▼ + stars: | 2023-03-20 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +6 min

U.S. Food and Drug Administration staff on Monday said Biogen's investigational ALS drug may have a "clinical benefit" on a rare and aggressive form of the disease, despite failing a broader late-stage clinical trial last year. A separate exploratory analysis of the drug suggests "a clinical benefit with a longer duration of treatment," the staff wrote. It also found that tofersen reduced levels of a protein called neurofilament light (NfL,) which is "correlated with disease severity, disease progression rate, and survival in patients with ALS," according to the FDA staff. The first is to move forward with recommending accelerated approval based on tofersen's reduction of NfL in ALS patients. "SOD1-linked ALS is a particularly rare and aggressive form of an already rare and devastating disease," said Dr. Neil Thakur, The ALS Association's chief mission officer.

☆ Fox News is unlikely to face pushback from professional journalism groups after court documents revealed it lied to viewers
▼ + stars: | 2023-03-19 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

The White House Correspondents' Association doesn't police member conduct, a former board member said. A number of professional organizations told Insider that Fox News fell well short of the standards expected in the profession. "Journalism receives significant protections from the First Amendment and with those protections come profound responsibilities," McCarran told Insider. Evidence made public in Dominion's lawsuit shows how Fox employees — beyond just hosts of opinion shows — had priorities other than telling their viewers the truth. "There are left-wing publications, right-wing publications, there are government-owned publications — there's Voice of America, foreign news organizations," the former board member said. "

☆ Beijing may allow foreign financial firms to list in China - ex-finance minister
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, March 18 (Reuters) - China will encourage foreign capital to participate in its financial markets and may allow foreign-funded financial institutions to go public in the country when "conditions are ripe", local media quoted a former finance minister as saying on Saturday. China has been stepping up efforts to woo foreign companies and investors to aid an economic recovery after the dismantling of its zero-COVID policy late last year. It has sped up fund license approvals for foreign asset managers in recent months. Lou also commented on the recent collapse of Silicon Valley Bank, saying Chinese authorities attached great importance to preventing and resolving systemic risks and were trying to improve financial supervision with the creation of a new financial regulatory body. "We will also continue to cooperate with the financial regulatory agencies of other countries to jointly prevent and resolve systemic risks in the global financial system and maintain the stability and prosperity of the global financial market," he added, according to the newspaper.

☆ The Legendary Breakfast Spot That Hasn’t Changed Since 1947
▼ + stars: | 2023-03-16 | by ( David Shribman | ) www.wsj.com time to read: 1 min

For the Time Capsule series, we spotlight a cherished restaurant, hotel or landmark that’s changed remarkably little over the years. This week, we visit Lou’s Restaurant & Bakery in Hanover, N.H.THENLike the men who streamed to Dartmouth College in the sleepy town of Hanover, N.H., on the GI Bill, Lou Bressett returned from World War II with high hopes. He opened an eatery—part doughnut shop, part diner, part informal town hall—on the east side of Main Street in 1947 and before long Lou’s Restaurant & Bakery was where town met gown.

☆ Analysis: U.S. bank loan plan provides Fed rate hike path amid SVB fallout
▼ + stars: | 2023-03-14 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

Banks can use eligible government securities on their books like Treasuries and agency mortgage backed-debt to guarantee the loans. By comparison, a one-year loan from a Federal Home Loan Bank, a government state enterprise that provides low-cost lending to regional banks, is around 5.4%, according to market participants. In essence, the bank lending program will allow the Fed to keep raising rates." U.S. banks had raised their holdings of government securities during periods of ultra-low interest rates to defend falling interest net margins. Major banks led by Goldman Sachs (GS.N) and Barclays Bank (BARC.L) have called for a pause from the Fed next week.

☆ US weekly jobless claims post largest rise in 5 months; labor market still tight
▼ + stars: | 2023-03-09 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

"Even after factoring in the latest increase, jobless claims are exceptionally low by historical standards, underscoring just how tight labor market conditions still are," said Michael Pearce, lead U.S. economist at Oxford Economics in New York. The four-week moving average for new claims, a better measure of labor market trends as it irons out weekly fluctuations, climbed 4,000 to 197,000 last week. Claims had stayed below 200,000 for seven straight weeks, indicating that high-profile job cuts in the technology sector had not had a material impact on the labor market. Goldman Sachs believed residual seasonality accounted for about half of last week's rise in claims. The labor market is, however, cooling on the margins.

☆ 'Let's bring France to a halt': Oil refineries blocked and trains halted by pension reform protests
▼ + stars: | 2023-03-07 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Christophe Archambault | Afp | Getty ImagesStrike action over plans to raise the pension age in France caused widespread disruption on Tuesday, as trains came to a near-standstill, many schools were shut and fuel deliveries were blocked from refineries. Lou Benoist | Afp | Getty ImagesEric Sellini, a representative from the CGT union at TotalEnergies, told Reuters that a strike blocking the Gonfreville refinery in Normandy would run until Thursday. Another at the Donges refinery in western France is set to run until Friday, he added. Sameer Al-doumy | Afp | Getty ImagesThe strikes come as French workers grapple with red-hot inflation, which accelerated unexpectedly in February to hit 6.2% year-on-year. Around two thirds of the public support protests against the pension reforms, according to an Elabe survey.

The hundreds of pages of new documents include previously unreleased excerpts from key depositions, including Fox Corporation chairman Rupert Murdoch, and are part of Dominion’s defamation lawsuit against Fox News. The transcript was part of a trove of text messages, emails, and other material from Fox News executives and on-air personalities that were made public Tuesday as part of Dominion’s $1.6 billion defamation lawsuit against the right-wing channel. “Do you believe that Dominion was engaged in a massive and coordinated effort to steal the 2020 presidential election?” Murdoch was asked by Dominion lawyers. The hundreds of pages of new documents that came out Tuesday include previously unreleased excerpts from key depositions, including Murdoch, and are part of Dominion’s defamation lawsuit against Fox News. Fox News has not only vigorously denied the claims, it has insisted it is “proud” of its 2020 election coverage.

☆ Rupert Murdoch testified that Fox News hosts lied about the 2020 election. Here's why it wasn't a misstep.
▼ + stars: | 2023-03-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Rupert Murdoch admitted Fox News hosts endorsed falsehoods about the 2020 election. Murdoch chairs Fox Corporation, which argues it isn't responsible for claims made on subsidiary Fox News. Here was the chair of Fox Corporation, a 91-year-old mogul atop a conservative media empire, admitting to lies that damaged democracy. When asked by Dominion's lawyers in a January deposition whether he thought Fox hosts were truthful about the election, Murdoch was candid. Fox Corporation also manages subsidiaries like Fox Sports, a large number of local TV stations, TMZ, Tubi, and a blockchain company.

☆ A big landlord who controls 60,000 homes is funneling money into a political action group that could urge lawmakers to curb renter protections
▼ + stars: | 2023-03-02 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Corporate owners of US rental homes are being scrutinized for making homes unaffordable. The landlords that control thousands of homes are girding for a political fight over regulation. As tenant advocates met with the White House and pushed the Biden administration to take action on high housing costs in November, one of America's largest single-family landlords was preparing its own move. AMH, formerly known as American Homes 4 Rent, did not respond to an Insider request for comment. Companies like AMH, Pretium Partners, and Invitation Homes have been building large portfolios of homes across the country since the last financial crisis.

☆ Schumer, Jeffries pressure Murdoch, Fox News over Trump's false election fraud claims
▼ + stars: | 2023-03-01 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +6 min

Trump has repeatedly spread false claims that the election was stolen from him. Earlier this week, Dominion filed court papers that revealed parts of the testimony from Murdoch and other top Fox Corp leadership. In his deposition, Murdoch acknowledged that some of Fox's top TV hosts endorsed false election fraud claims. When Murdoch was asked if he was "now aware that Fox endorsed at times this false notion of a stolen election," Murdoch responded, "Not Fox, no. Fox News has consistently denied that it knowingly made false claims about the election.

☆ The 10 biggest revelations from Dominion’s explosive Fox News legal filing
▼ + stars: | 2023-02-28 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

Murdoch rejected that Fox News, as an entity, endorsed former President Donald Trump’s election lies. They endorsed,” Murdoch said, according to the filing, when asked about the hosts’ promotion of false claims about the election. ► Behind the scenes, Paul Ryan repeatedly warned the Murdochs to stop allowing the spread of election lies. “Maybe best to let Bill go right away,” which would “be a big message with Trump people” the filing said. These documents reveal that Fox News executives and hosts knew the truth and yet they peddled election lies to the audience.

☆ Fox faces an ‘existential threat’ from its multi-billion-dollar defamation cases
▼ + stars: | 2023-02-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Fox Chairman Rupert Murdoch said under oath that he made a business decision when allowing a conspiracy theorist to promote election lies on Fox News. The network faces two separate defamation lawsuits from voting technology companies that collectively seek $4.3 billion in damages. Cases against FoxDominion Voting Systems is suing Fox News and Fox Corporation for $1.6 billion, accusing the network of spreading false claims that its technology enabled election fraud. A separate, similar case brought by voting technology firm Smartmatic is seeking $2.7 billion in damages. It also illustrated instances of Fox actively pushing back on fact-checks that undermined the election lies being peddled by supporters of former President Donald Trump.

☆ Rupert Murdoch admits Fox News hosts 'endorsed' election lies and wanted to make Trump a 'non-person' after January 6 riot
▼ + stars: | 2023-02-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Rupert Murdoch conceded in a deposition that Fox News hosts pushed falsehoods about the 2020 election. Fox Corporation, which Murdoch leads, argues it isn't liable in Dominion's lawsuit anyway. At the same time, Murdoch denied that Fox Corporation itself endorsed these false claims. Dominion sued Fox News Network along with its parent company, Fox Corporation, in March 2021, also including Bartiromo, Pirro, and Dobbs as defendants. According to the filing, Rupert Murdoch said in his deposition he took care to strike a tone that wouldn't antagonize Trump.

Feb 27 (Reuters) - Fox Corp Chairman Rupert Murdoch acknowledged under oath that some Fox hosts "endorsed" the notion that the 2020 U.S. presidential election was stolen, according to a court filing unsealed Monday. Documents in the case in Delaware state court show Murdoch and other Fox executives believed Joe Biden fairly beat Donald Trump and that the results were not in doubt. Asked by a Dominion lawyer if some of Fox’s commentators had endorsed the idea that the 2020 election was stolen, Murdoch responded, “Yes. Dominion claims in its filing that Murdoch closely monitored Fox coverage but declined to wield his powerful editorial influence despite strong concerns about Fox's coverage. Murdoch testified that he believed early on that "everything was on the up-and-up" with the election, and that he doubted claims of election fraud from the very beginning.

☆ Rupert Murdoch says some Fox News anchors 'endorsed' false election fraud claims in Dominion case
▼ + stars: | 2023-02-27 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Fox Corp. Chairman Rupert Murdoch said some anchors of the company's TV networks parroted false fraud claims in the months following the 2020 election, according to new court papers out Monday. In new filings as part of Dominion Voting Systems' $1.6 billion defamation lawsuit against Fox and its networks, Murdoch said he doubted the election fraud claims being aired on Fox News and Fox Business Network. Murdoch also acknowledged that Fox's TV hosts endorsed the false election fraud claims. In unveiled question and answers from Murdoch's deposition, when Murdoch was asked if he was "now aware that Fox endorsed at times this false notion of a stolen election," Murdoch responded, "Not Fox, no. Dominion sued Fox and its right-wing cable networks, Fox News and Fox Business, arguing the networks and its personalities made false claims that its voting machines rigged the results of the 2020 election.

☆ Rupert Murdoch acknowledged that Fox News hosts endorsed false stolen election claims
▼ + stars: | 2023-02-27 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —Rupert Murdoch, the chairman of Fox Corporation, acknowledged in a deposition taken by Dominion Voting Systems that some Fox News hosts endorsed false claims that the 2020 election was stolen. Murdoch’s remarks were made public in a legal filing as part of Dominion’s $1.6 billion lawsuit against Fox News. In his deposition, Murdoch rejected that the right-wing talk network as an entity endorsed former President Donald Trump’s election lies. “Some of our commentators were endorsing it,,” Murdoch said, according to the filing, when asked about the talk hosts’ on-air positions about the election. Top legal experts told CNN after last week’s filing that Dominion’s legal position appeared strong.

In a text message with his producer, Alex Pfeiffer, Mr. Carlson appeared livid that viewers were turning against the network. On Nov. 7, 2020, Mr. Carlson told Mr. Pfeiffer that claims about manipulated software were “absurd.” Mr. Pfeiffer replied later that there was not enough evidence of fraud to swing the election. A video of Carlson from “Tucker Carlson Tonight.” Said publicly on Nov. 19, 2020 Carlson: “We did not dismiss any of it. It aired on the programs hosted by Mr. Dobbs, Ms. Bartiromo and Jeanine Pirro. On Feb. 5, 2021, one day after Smartmatic filed a defamation lawsuit against Fox, Fox Business canceled “Lou Dobbs Tonight.” At the time, Fox said it regularly reviewed its lineup.

☆ One year into Russia's invasion of Ukraine, disinformation sites with ads powered by Google have more than doubled
▼ + stars: | 2023-02-24 | by ( Ryan Joe | ) www.businessinsider.com time to read: +5 min

Russian disinformation sites with Google-powered ads have more than doubled since last year, according to NewsGuard. Last year, as Russia began its invasion of Ukraine, Google and major brands placed ads on sites that promoted Kremlin propaganda. Google added that it has stopped running ads on specific pages on sites shared by Insider that show "violating content." The problem of ads appearing in sites containing disinformation is growing, as these sites take advantage of programmatic ad buying, where digital ads are purchased in an auction using automation. Programmatic ad buying is both a complicated and technical process, so advertisers often don't see where their ads are going.

☆ Foxconn chairman meets senior officials in China's Henan - provincial govt
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Feb 22 (Reuters) - Foxconn Chairman Liu Young-way met with the party chief of China's Henan province, home to the company's iPhone plant that was hit late last year by a COVID-19 outbreak, the provincial government said on Wednesday. Liu, who departed on Tuesday for a four-day inspection of the plant in the provincial capital of Zhengzhou, has met Lou Yangsheng, the Communist Party chief of Henan province and Wang Kai, provincial governor, the statement said. Henan pledged broad support for businesses and hoped Foxconn would continue to expand in the province, the statement added. Reporting by Ethan Wang and Meg Shen; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Supreme Court rules Helix Energy oil rig worker who makes $200,000 is entitled to overtime
▼ + stars: | 2023-02-22 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

The Supreme Court of the United States on Captiol Hill, photographed on Tuesday, Feb. 21, 2023 in Washington, DC. The Supreme Court ruled Wednesday that an offshore oil rig worker who earned more than $200,000 annually — and whose company classified him as a "bona fide executive" — is entitled to overtime pay for having worked more than 40 hours per week. "The Supreme Court has sent a message to all workers paid on a day rate basis that they are entitled to overtime after 40 hours of work," Pechman said. "We hold that such an employee is not paid on a salary basis, and thus is entitled to overtime pay," Kagan wrote. A federal district court judge who first heard the case agreed with Helix's view, finding Hewitt was paid on a salary basis and thus was not due overtime pay.

☆ We're having loyal Costco shoppers share their grocery lists with us. Here are their favorite things to buy there.
▼ + stars: | 2023-02-21 | by ( Business Insider | ) www.businessinsider.com time to read: +36 min

Read Abigail Abesamis Demarest's full Costco shopping list: I've shopped at Costco for over 10 years. AdvertisementRead Lisa Tanner's full Costco shopping list: I'm a mom of 10 who's shopped at Costco for almost 20 years. Read Tara Zeller's full Costco shopping list: I drive 4 hours and spend $500 for every Costco trip. AdvertisementRead Majed Kassis' full Costco shopping list: I run a Costco fan account with over 390,000 followers. Read Rachel MacPherson's full Costco shopping list: I'm a personal trainer who shops for a family of 6 at Costco.

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☆ Trump tried to call in to Fox News as the Capitol riot unfolded but the network refused to put him on air, new filing claims
▼ + stars: | 2023-02-18 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Donald Trump tried to call into Fox News as the Capitol riot unfolded, a court filing claims. Network executives refused to put him on air as they thought it would be "irresponsible." But Fox executives vetoed that decision. President Trump not only was the sitting president, he was the key figure that day." The lengthy court filing also cites text messages between Fox News hosts and executives in which they privately mocked pro-Trump election fraud conspiracy theories, despite continuing to air them.

The documents were publicly released for the first time this week as part of Dominion Voting Systems' $1.6 billion lawsuit against Fox Corp and its cable TV networks. Dominion, Fox Corp and Fox News filed their motions for summary judgment this week, which unveiled evidence from months of discovery and depositions that had been private until this point. Fox News anchors, as well as top Fox Corp brass including Rupert Murdoch and Lachlan Murdoch, were questioned in recent months. In court papers Thursday, Fox Corp said it had "no role in the creation and publication of the challenged statements – all of which aired on either Fox Business Network or Fox News Channel." But he's not going to destroy us," court papers show.

☆ Fox News hosts and executives privately mocked pro-Trump election conspiracy theories after he lost, internal texts show
▼ + stars: | 2023-02-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

It enrages me," Tucker Carlson wrote in a text message to his producer Alex Pfeiffer. "Not a single Fox witness testified that they believe any of the allegations about Dominion are true," Dominion lawyers wrote. Imho they need to address but wtf do I know," Hannity wrote in a text message, referring to Newsmax. That email, Dominion's lawyers write, came from an unnamed author who claimed to be a beheaded ghost who talks to the wind. President Trump not only was the sitting President, he was the key figure that day," Dominion's lawyers wrote.

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