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☆ Nestlé and other companies are trying to stake their claims as weight loss drug experts. They’re not
▼ + stars: | 2024-07-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

But health professionals are warning consumers not to take medical advice from the same companies trying to sell them food, supplements and other consumables. “People who are on (GLP-1 drugs) eat less calories. Daily Harvest, a meal kit service, has a GLP-1 food collection. In May it announced a new line of frozen meals called Vital Pursuit, pitching the brand to users of weight loss drugs. Some taking GLP-1 drugs have reported losing hair and muscle.

Persons: Ozempic, JP Morgan, —, ”, Donny Kranson, GLP, Nestlé’s, Jorge Moreno, Jody Dushay, Tom Little, “ I’m, “, 1nutrition.com, Atkins, Robert Atkins, Nestlé, Mark Schneider, Marie Callender’s, Slim Jim, Orville Redenbacher’s, Tom McGough, William Dietz Organizations: New, New York CNN, “, Vontobel Asset Management, GNC, Nestlé, Visitors, Yale School of Medicine, Physicians, Harvard Medical School, Danone, Bloomberg, STOP, George Washington University Locations: New York, United States, Switzerland, Novo Nordisk's, Hillerod, Denmark, what’s, Conagra, GLP

☆ Google’s greenhouse gas emissions are soaring thanks to AI
▼ + stars: | 2024-07-03 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

AI systems need lots of computers to make them work. The end result has been that Google’s greenhouse gas emissions have soared 48% since 2019, according to the tech giant’s annual environment report. An October study from Dutch researcher Alex de Vries estimated that the “worst-case scenario” suggests Google’s AI systems could eventually consume as much electricity as the country of Ireland each year, assuming a full-scale adoption of AI in their current hardware and software. It added that data center electricity consumption is currently growing faster than it can bring carbon-free electricity sources online. The company has also used AI to suggest more fuel-efficient routes to drivers using Google Maps.

Persons: —, Sundar Pichai, Alex de Vries Organizations: New, New York CNN, Google, Big Tech, International Energy Agency Locations: New York, Ireland

☆ You may now own a piece of Trump Media – and not even know it
▼ + stars: | 2024-07-02 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —If you’ve got money in the market, you might own a little piece of Trump Media — without even knowing it. Trump Media (DJT), the owner of conservative social media platform Truth Social, announced its addition to the Russell family on Monday. As a result, countless retail investors will now own a piece of Trump Media. These include the $14 billion iShares Russell 3000 ETF (IWV) and the $2.5 billion Vanguard Russell 3000 ETF (VTHR). LinkedIn co-founder Reid Hoffman, a vocal critic of former President Donald Trump, believes Trump Media is really worth just $40 million.

Persons: you’ve, Russell, Donald Trump, doesn’t, Vanguard Russell, ”, Sam Stovall, Stovall, ” Stovall, Reid Hoffman, ” Hoffman, Aniket Ullal Organizations: New, New York CNN, Trump Media, Trump Media & Technology, Vanguard, CFRA Research, Microsoft, Nvidia, Apple, Trump, “, FTSE Russell’s, P, LinkedIn, CNN, & & Locations: New York

☆ State Farm again is seeking huge increases in home insurance rates in California
▼ + stars: | 2024-07-02 | by ( Jordan Valinsky | Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —State Farm is seeking increases of as much as 52% for some of its residential insurance rates in California, which could ramp up the financial burden for many homeowners and renters in the state’s troubled insurance market. It’s the third major change for State Farm in California within the last year. “State Farm General’s latest rate filings raise serious questions about its financial condition,” California Insurance Commissioner Ricardo Lara said in a statement. A few months following State Farm’s decision to stop offering new home insurance, Farmers Insurance also started limiting new homeowners insurance policies in California, citing high costs and wildfire risks. Farmers is the second-largest provider of homeowners insurance in the state, after State Farm.

Persons: Ricardo Lara, ” Lara, “, Farmer’s, – CNN’s Cheri Mossburg Organizations: New, New York CNN, State Farm, Farm, California Department of Insurance, Farmers Insurance, Farmers Locations: New York, California, ”, Florida

☆ Investors just got an inflation wakeup call. Will they answer?
▼ + stars: | 2024-07-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Inflation rates in Canada, the EU and Australia have popped higher in recent months. But that disconnect appears to be fading as inflation rates in the US continue to ease. The US also had a recent scare as inflation rates ticked higher. But after a year of the Fed holding interest rates steady at a 23-year high, inflation rates in the United States are once again declining. High inflation readings around the globe are concerning investors, José Torres, senior economist at Interactive Brokers, told CNN.

Persons: ”, Brent Schutte, Schutte, José Torres, Torres, payrolls, Chewy, Keith Gill, Krystal Hur, Gill, Ryan Cohen, Jordan Valinsky, CSSE Organizations: CNN Business, Bell, New York CNN, EU, Federal, Federal Reserve, Bank of Canada, Northwestern Mutual Wealth Management, Interactive Brokers, CNN, Investors, Bank for International, BIS, Securities, Exchange, GameStop, Soul Entertainment, BBC, Sony Pictures, Walmart, Walgreens, Apollo Global Management, Sony, Netflix Locations: New York, Canada, Australia, United States, Europe, Redbox

☆ CDK Global says ‘substantially all’ dealers back online after crippling hack
▼ + stars: | 2024-07-02 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —CDK Global said “substantially all” of the nearly 15,000 car dealerships that use its software across North America are back online to its core management system, almost two weeks since a cyber incident caused a software blackout. “We are happy to report that we are ahead of the anticipated schedule,” an automated message on CDK’s customer care phone line said. The outage began on Wednesday, June 19, after two cyber incidents halted the company’s systems, which provide software to nearly 15,000 car dealerships across North America, according to CDK. Auto dealerships use CDK’s software to manage everything from scheduling to records. For days, CDK has said it had started restoring its software, but both car buyers and dealers remained at a standstill.

Persons: CDK, “ It’s, ” Bernard Irvin, Samantha Delouya Organizations: New, New York CNN, Auto, Anderson Economic, Ford, CNN Locations: New York, North America, Greenville , South Carolina

☆ Tesla sales fall again as more automakers crowd electric vehicle market
▼ + stars: | 2024-07-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Tesla sales fell for the second straight quarter. In the fourth quarter BYD briefly passed Tesla in global EV sales. But the better-than-expected Tesla sales were enough to lift shares of Tesla (TSLA) by more than 9% in midday trading. The strong EV sales were balanced by a slight drop - about 0.3% - in sales of traditional gasoline powered cars. Toyota’s US EV sales soared even more, rising 301% to 11,600.

Persons: Tesla, Elon Musk, —, BYD, CNN’s Laura He, Peter Valdes, Dapena Organizations: New, New York CNN, clamoring, Tesla, Volkswagen, General Motors, Ford, GM, EV, Blazer EV, Cadillac, Toyota Locations: New York, China, Europe, North America

☆ FTC unanimously moves to block $4 billion merger of mattress giants
▼ + stars: | 2024-07-02 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —The Federal Trade Commission unanimously voted to block mattress maker Tempur Sealy’s purchase of Mattress Firm on Tuesday. Mattress Firm was already dealing with its own financial issues, including a 2018 bankruptcy. In a statement, Tempur Sealy said the bedding industry is “highly competitive” and only a small fraction of brick-and-mortar storefronts are Mattress Firms. “Tempur Sealy has been working constructively with the FTC to secure regulatory approval for this transaction and is disappointed that the FTC has initiated litigation. Correction: A previous story misstated the Tempur Sealy portfolio.

Persons: Tempur Sealy, –, ”, Henry Liu, Foster, Casper, Serta Simmons, “ Tempur Sealy, “, CNN’s Jordan Valinsky, Sealy Organizations: New, New York CNN, Federal Trade, United, FTC, Competition, Pedic, Sealy, Amazon, Innovation, Inc Locations: New York, United States, FTC’s, Stearns

☆ Chewy shares fall after surging on revelation of ‘Roaring Kitty’ meme trader’s 6.6% stake
▼ + stars: | 2024-07-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —Shares of online pet products retailer Chewy went on a wild ride Monday after Keith Gill, the influential meme stock trader also known as ”Roaring Kitty,” revealed a large stake in the company. On Monday, Gill said in a Securities and Exchange filing that he purchased about 9 million Chewy shares (CHWY), amounting to a 6.6% stake in the company. Chewy shares slipped about 5% mid-morning on Monday after jumping as much as 10% earlier in the session. Ryan Cohen, the founder of Chewy, is the chief executive of GameStop, the embattled video game retailer Gill is known for championing. Gill revived the meme stock frenzy in May after breaking a three-year social media hiatus to post a cartoon on X.

Persons: Chewy, Keith Gill, ”, Gill, Ryan Cohen, ” Gill Organizations: New, New York CNN, Securities, Exchange, GameStop, CNN, Financial Services Locations: New York, Texas

☆ Trump Tower is coming to Saudi Arabia
▼ + stars: | 2024-07-01 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —The Trump Organization revealed plans Monday to develop a luxury Trump Tower in Saudi Arabia. If completed, it appears the Jeddah tower would be the Trump Organization’s first major project in Saudi Arabia. Dar Global said the project will target the “luxury Saudi Arabian market and international investors.”The new project in Saudi Arabia comes just days after the Trump Organization and Dar Global unveiled a $500 million Trump International hotel complex in Oman. The Trump Organization’s new projects in the Middle East could raise concerns about potential conflicts of interest should former President Donald Trump return to the White House. The family business is run by his sons Donald Trump Jr. and Eric Trump.

Persons: Dar, Arkan, Eric Trump, Donald Trump, Dar Global, Dar Al Arkan, Trump, ” Donald K, Sherman, ” Sherman, ”, Donald Trump Jr Organizations: New, New York CNN, The Trump Organization, Trump, Dar Global, Trump Organization, Dar, Trump International, The Trump, Citizens, Responsibility, Washington, CNN Locations: New York, Saudi Arabia, Jeddah, Saudi, Oman

☆ Redbox owner Chicken Soup for the Soul files for bankruptcy
▼ + stars: | 2024-07-01 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —The parent company of Redbox, those distinctive, red-colored kiosks at grocery stores that sell or rent DVDs, has filed for bankruptcy after enduring months of financial struggle. Filing for Chapter 11 bankruptcy could help the company fix those issues if its plans are approved by a court in Delaware. The company’s publishing arm, which produces those ubiquitous self-help books that were once a worldwide phenomenon, isn’t affected by the bankruptcy filing of its entertainment unit. The number of Redbox kiosks has grown to about 34,000 across the US, largely located at grocery and drug stores. Since its 2002 launch, Redbox has rented its 1 billion discs at prices cheaper than cable, according to its website.

Persons: CSSE didn’t, Redbox Organizations: New, New York CNN, Soul Entertainment, BBC, Sony Pictures, Walmart, Walgreens, Apollo Global Management, Sony, Netflix Locations: New York, Redbox, Delaware

☆ Boeing agrees to buy spinoff Spirit Aerosystems as part of its plan to shore up safety
▼ + stars: | 2024-07-01 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —Boeing has agreed to buy Spirit Aerosystems, one of its major suppliers and manufacturing partners, as part of its plan to overhaul the aircraft maker’s badly damaged safety reputation. Boeing in March announced its intention to buy Spirit, saying recombining the companies would boost safety. Spirit AeroSystems makes major parts of several Boeing models, including the fuselages for the 737 Max. The company also makes parts for Boeing’s rival Airbus, although Boeing is Spirit’s largest customer. The first group of employees removed the door plug to address problems with rivets that were made by Spirit AeroSystems.

Persons: Spirit’s, ”, Dave Calhoun, AeroSystems, Max, Sprit, Spirit Aerosystems, CNN’s Chris Isidore Organizations: New, New York CNN, Boeing, Spirit, Airbus, Alaska Airways, US Justice Department Locations: New York

☆ American Express is taking control of restaurant reservations
▼ + stars: | 2024-07-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Trying to get a table at a buzzy new restaurant in New York or Los Angeles? American Express already owns Resy, a rival restaurant booking app, and gives special table access to Amex customers that are not available to other customers. But experts say that Amex’s acquisition gives the credit card company more control over velvet rope access to dinner — and who is shut out. It may help restaurants attract Amex customers with deeper wallets, said Alex Susskind, a professor of food and beverage management at Cornell University. Restaurant owners and merchants have also complained about the fees credit card companies charge businesses, and it could open a new door for fees.

Persons: you’re, Rajesh Bhardwaj, Amex, —, ’ “, ” Joseph Nunes, Alex Susskind, ” Organizations: New, New York CNN, American Express, American, Delta SkyMiles Reserve, University of Southern, Cornell University Locations: New York, Los Angeles, New York City, United States, Resy, University of Southern California

☆ Stocks surged during the first half of 2024. What’s next?
▼ + stars: | 2024-07-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

Much of the S&P 500’s gains were concentrated in the Magnificent Seven big tech names, while other stocks lagged behind. Coming into this year, Wall Street projected that the Fed would ease rates as many as six times in 2024. What could be in store for the stock market during the second half of 2024? “I feel very, very good about the values of my three children, and I have 100% trust in how they will carry things out,” Buffett told the Journal. Previously, Buffett had said his will stated that more than 99% of his estate was earmarked for philanthropic usage to the Bill & Melinda Gates Foundation and the four charities connected to his family: the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation.

Persons: there’s, Bell, Kevin Gordon, Charles Schwab, you’ve, It’s, we’re, it’s, I’d, That’s, Warren Buffett, Buffett, Berkshire Hathaway, Melinda Gates, ” Buffett, Susan Thompson Buffett, Howard G, Read, Matt Egan, unstuck, —, Michael Gapen Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, Nvidia, Federal Reserve, Wall, Fed, Berkshire, Wall Street, Melinda Gates Foundation, Gates, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Gates Foundation, Bank of America, CNN Locations: New York, America

☆ WestJet cancels hundreds of flights after aircraft mechanics strike
▼ + stars: | 2024-06-30 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

Data from flight tracker FlightAware shows WestJet on Sunday had canceled at least 343 flights, constituting 77% of its fleet. The airline’s regional subsidiary, WestJet Encore, has canceled at least 80 flights. At Calgary International Airport, 42% of outbound flights and 40% of inbound flights have been canceled. But in an update to members on Sunday shared with CNN, the union announced the industrial relations board ruled the strike was lawful, as the board continues to mediate negotiations. The industrial relations board has not responded to CNN’s request for comment.

Persons: Canada’s, WestJet’s, “, WestJet, ’ Organizations: New, New York CNN, Labor, Aircraft Mechanics Fraternal Association, CNN, Labour, Canada Industrial Relations, Sunday, Calgary International Airport, Toronto Pearson, Edmonton, “ Locations: New York, WestJet, Canada, Vancouver

☆ ‘Inside Out 2’ is the first movie of 2024 to top $1 billion at global box office
▼ + stars: | 2024-06-30 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —“Inside Out 2” has become the fastest-ever animated film to surpass $1 billion globally, shooting past the box office milestone this weekend, just 19 days after its release. “The film’s remarkable success is a testament not only to the incredible creativity of the Pixar team but an example of moviegoing at its very best.”The resounding success of “Inside Out 2” has jolted a sluggish 2024 box office. The movie is the highest grossing film of the year, and the first to pass $1 billion since “Barbie,” which came out last July. Daniel Loria, editorial director at Box Office Pro, which collects sales and showtime data from thousands of movie theaters across the United States, projects this year will see an overall domestic box office total between $8.1 billion and $8.4 billion, down from 2023’s total of more than $9 billion, the highest since the pandemic. Another surprise hit or two, and we may get a lot closer to matching that $9 billion than we all expected coming into the year.”

Persons: “ We’re, Tony Chambers, we’ve, ’, ”, Paul Dergarabedian, “ Barbie, Dory, Daniel Loria Organizations: New, New York CNN, Pixar, Disney, Box, showtime Locations: New York, United States

☆ Shoplifters love Lego. The colorful plastic toy bricks are a gold mine for criminals
▼ + stars: | 2024-06-29 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +6 min

I went straight to the cameras and saw we were being robbed,” Zuniga told CNN. Hayes told CNN his team works with a majority of retailers that carry Lego products as well as Legoland theme parks. “Demand is always there.”As a result, there’s not only a market for stolen Lego products but also a burgeoning counterfeit market, especially online. When reached for comment, Lego directed CNN to online resources on its website to educate consumers how to spot fake online Lego stores and fake Lego products. He bought Lego sets that were on sale at the local Target to fill up empty shelves.

Persons: New York CNN —, Miguel Zuniga, “, ” Zuniga, Miguel Zuniga’s, Noble, Olay, ”, Read Hayes, Hayes, there’s, Michael Blackshire, Casey Slaughter, ” Slaughter, Indiana Jones, Lego, Calvin Mah, Zuniga Organizations: New, New York CNN, CNN, Southern, KABC, LAPD, Barnes, Noble, Target, University of Florida, Prevention Research Council, Walmart, Los Angeles Times, “, Wichita Police, Star Wars, Los Locations: New York, Lumita, Los Angeles County, Lomita , California, California, Southern California, Philadelphia, Richmond , British Columbia, Pasadena , CA, Wichita , Kansas, “

☆ Here’s what it means when a company like Boeing faces criminal charges
▼ + stars: | 2024-06-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

While criminal charges against corporations are fairly common, the overwhelming majority are against small, closely-held companies. Earlier criminal settlement now at riskThe potential charges hanging over Boeing currently revolve around that January 2021 deferred prosecution agreement. They have argued Boeing should face new criminal charges and pay a fine as great as $24.9 billion. In May, the Justice Department said it was looking into bringing criminal charges against Boeing once again due to a potential violation of that January 2021 agreement. Arlen said it is common for smaller companies to be forced out of business by criminal charges and the penalties that follow.

Persons: ”, Jennifer Arlen, Arlen, Lindsey Wasson, ” Arlen, “, Max, David Burns, Mark Forkner, Eduardo Soteras, Arthur Andersen Organizations: New, New York CNN, Justice Department, Boeing, Dow Jones, New York University, Control, Max, Federal Aviation Administration, FAA, Alaska Airlines Flight, NTSB, Getty, Alaska Airlines, Prosecutors, CNN, Oil, BP, US Environmental Protection Agency, Ethiopian Airlines Locations: New York, China, Renton , Washington, Alaska, AFP

☆ Tractor Supply Co. backtracks on DEI roles and goals
▼ + stars: | 2024-06-29 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

New York CNN —Tractor Supply Company has eliminated its diversity, equity and inclusion initiatives as part of what the retail chain says is a push to distance itself from “nonbusiness activities” after conservative backlash from some of its customer base. “You can’t say you’re going to try to do at Tractor Supply what they do at the Apple headquarters in Cupertino, California — that’s definitely not going to work,” he said. “Tractor Supply Co is turning its back on their own neighbors with this shortsighted decision,” Eric Bloem, vice president of Programs and Corporate Advocacy at the Human Rights Campaign, told CNN in a statement Saturday. This is why the Tractor Supply — and most of the country’s biggest employers — have worked with us for years to create inclusive policies and practices. Those are the parts that business leaders aren’t thinking about as they are folding on DEI.”

Persons: ”, “, Robby Starbuck, Starbuck, X, ” Shaun Harper, Harper, that’s, ” Eric Bloem, —, Bud Light’s, influencer Dylan Mulvaney Organizations: New, New York CNN — Tractor Supply Company, Supply, Tennessee’s, Congressional, Tractor Supply, University of Southern, CNN, Tractor, National FFA Organization, Apple, ”, Human Rights, “, Companies, Anheuser, Busch InBev, Target Locations: New York, University of Southern California, Brentwood , Tennessee, Cupertino , California, United States

☆ How Nathan’s Famous turned competitive eating into a national spectacle
▼ + stars: | 2024-06-29 | by ( Elise Hammond | Danielle Wiener-Bronner | ) edition.cnn.com time to read: +11 min

Each year, close to two million people watch Nathan’s hot dog eating contest on ESPN, according to the frankfurter brand. Boys participating in a pie eating contest at the 4-H Club fair in Cimarron, Kansas. At the time, PR mavens Max Rosey and Mortimer Matz thought a hot dog eating competition would drum up some publicity for Nathan’s. (They also seem to have made up the legend that the first Nathan’s contest was held in 1916). “We love the Nathan’s hot dog eating competition because we love how it brings the city together,” Fellman said, standing with a group of her friends, all wearing Nathan’s hot dog eating contest T-shirts.

Persons: Jacqueline Lewis, ” Lewis, franks, frankfurter, Joey Chestnut, Apuleius ’, ”, Jason Fagone, Fagone, “, ” Fagone, Corbis, Adrienne Bitar, Max Rosey, Mortimer Matz, Melody Andorfer, George, Richard Shea, George Shea, —, Shea, Rosey, ” George Shea, Henry S, Dziekan, it’s, ” Shea, ’ ” Shea, Takeru Kobayashi, Kobayashi, Kazutoyo Arai, Spencer Platt, ” Bitar, ” Kobayashi, Bitar, you’re, ’, Kena Betancur, ” Beatrice Fellman, ” Fellman, Bass Organizations: New, New York CNN, CNN, ESPN, Boys, Cornell University, “, Nathan’s, League, LA Times, Netflix Locations: New York, Coney Island, Coney, United States, Pennsylvania, Cimarron , Kansas, “, Long, New York City, Japan, Brooklyn , NY, America, Brooklyn, Kena

☆ The Boeing saga has reached a new level of absurdity
▼ + stars: | 2024-06-28 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —If you’re a PR person, I can’t possibly think of a harder job right now than working at Boeing. Boeing held a press conference from a factory in Renton, Washington, on Thursday to talk about quality improvements. But strangely enough, Boeing sharing that information itself got Boeing in trouble with the NTSB. Clean up, clean up everybody everywhereWhen the NTSB’s statement went out, Boeing’s PR team went back into crisis clean-up mode. At the same time, rules are rules no matter how hypocritical they are.

Persons: It’s, they’d, Max, Elizabeth Lund, Lund, Gregory Wallace, Chris Isidore, ” Lund, “, that’s Organizations: New, New York CNN, Boeing, Alaska Airlines, Senate, National Transportation Safety Board, NTSB, ”, Department of Justice, CNN, Boeing’s PR Locations: New York, Renton , Washington

☆ What to know about the massive car dealership outage
▼ + stars: | 2024-06-28 | by ( Ramishah Maruf | Eva Rothenberg | ) edition.cnn.com time to read: +8 min

Here’s what you need to know about the massive software outage. Its systems are used by roughly 15,000 car dealerships across the United States and Canada. Under normal circumstances, the CDK software allows the dealership to register a vehicle almost instantaneously, but now the process faces heavy delays. It said it was able to bring a “small initial test group” of car dealerships back online. But the next morning, the company told dealerships another incident had happened.

Persons: CDK, aren’t, they’ve, Scott Campbell, CNN they’ve, Don Aycock, “, ”, Robbie Jacob, Jacob, Michael Deveney, Katelyn Salvato, hasn’t, Salvato, …, Callahan, We’ve, ” Callahan, it’s, Lisa Finney, ” Finney, ” Eric Noonan, John Dwyer, “ There’s, ” Noonan, Ryan Callahan, Tom McParland, McParland Organizations: New, New York CNN, Auto, CNN, Capital City Buick GMC, Buick, Diego —, Kia, Midway Automotive, Massachusetts, of Motor Vehicles, Pride Motor Group, “, DMV, Bloomberg, Binary Defense, Mazda, Automatch Consulting Locations: New York, North America, United States, Canada, Berlin , Vermont, Clay County , Florida, Diego, Lynn , Massachusetts, Eastern Europe, Seekonk , Massachusetts

☆ NYC public libraries have their funding restored, will reopen on Sundays
▼ + stars: | 2024-06-28 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

New York CNN —New York City officials have agreed to restore more than $111 million in funding to libraries and cultural institutions, the City Council announced Thursday. “We are proud to announce a full restoration of funds to both our libraries and cultural institutions in the upcoming budget,” said New York City Mayor Eric Adams in a statement Thursday. More than 174,000 people sent letters to City Hall in support of the “No Cuts to Libraries!” campaign since the cuts were announced in November. “This funding will allow us to resume seven-day service, a priority for many New Yorkers,” the libraries said in a statement shared with CNN. “We are running a library system today on a pre-pandemic funding level that has not kept pace with inflation,” Linda Johnson, president and CEO of Brooklyn Public Library said at the time.

Persons: “, ”, Eric Adams, ” Adams, Adrienne Adams, Mayor Adams, Stephanie Hill Wilchfort, Wilchfort, Brooklyn —, ” Linda Johnson, ” Tony Marx Organizations: New, New York CNN — New, City Council, New York Public, Bronx Zoo, Carnegie Hall, New York City, CNN, Cultural, Museum, Brooklyn, City Hall, Brooklyn Public, New York Public Library Locations: New York, New York CNN — New York City, City of New York, Queens

☆ How a criminal record affects your chances of being hired
▼ + stars: | 2024-06-28 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

In fact, for many if not most jobs, there are no legal prohibitions on hiring those with criminal records. And when a criminal record of any kind turns up, that can kill a person’s chances, regardless of how well-qualified they may be for a position, either because an employer has a high aversion to risk or a bias against those with a record, Love said. Or the paperwork and time required to get approval for someone with a criminal record may be such that an employer simply decides to look at candidates without a record. “Sometimes people believe they are required to turn my clients down because of a criminal conviction. That law provides for eligible conviction records to be automatically “sealed,” meaning they should no longer show up on employer background checks.

Persons: Donald Trump, Trump, he’d, ”, Margaret Love, aren’t, Love, Beth Avery, Avery, Sabina Crocette, Crocette, ” Crocette, Jason Hoge, Hoge, ‘ I’m, ” Hoge, Wes Moore Organizations: New, New York CNN, Employment Opportunity Commission, of Columbia, National Employment Law, Economic, Federal Deposit Insurance Corporation, Legal, Western, Employers, Whites, New York’s, Criminal, Services, Maryland Gov Locations: New York, United States, NELP, San Francisco, California , New York, Blacks

☆ Drug store chains pushed out independent pharmacies. Here’s why they’re now closing too
▼ + stars: | 2024-06-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

The latest closures are part of a larger downturn, not just for Walgreens, but for other drug store chains, too, after years of expansion. Shifting trendsDrug store chains are struggling because of falling reimbursement rates for prescription drugs, according to analysts who cover the industry. But their profits from that business have dropped in recent years because of lower reimbursement rates for prescription drugs and higher fees. Dollar General’s growth has also hurt drug store chains in rural areas. When pharmacies close, some patients have to travel farther to get the medications they need.

Persons: Walgreens, Tim Wentworth, “, ” Wentworth, Elizabeth Anderson, PBMs, ” Anderson, VIllageMD Organizations: New, New York CNN, Walgreens, Wall Street, CVS, IRI, Amazon, Walmart, Costco, American Medical Association Locations: New York, United States, VillageMD

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