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☆ Pharma CEOs say Mark Cuban's effort to upend the drug industry is 'a really great idea' but will be difficult to pull off
▼ + stars: | 2023-01-25 | by ( Yeji Jesse Lee | Andrew Dunn | ) www.businessinsider.com time to read: +7 min

Biopharma CEOs say his company Cost Plus Drugs could remove costs from the distribution system. Cuban told Insider in an email that he believed the company's pricing transparency was "an absolute positive for patients." The company started its pharmacy services last year and quickly racked up over 1 million accounts, Cuban told Insider recently. Cost Plus Drugs is focused on bringing down the price of generic medications, which no longer have patent protections but can still be expensive. Cuban told Insider that EQRx was in a "different business" than what he's attempting to build out.

☆ South32 sees shipping delays tying up cash in inventory
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Jan 23 (Reuters) - Australian diversified miner South32 Ltd (S32.AX) on Monday reported production of key commodities that largely met expectations but noted that shipping snarls had led to an inventory buildup, impacting working capital. In its quarterly report, South32 met coal, aluminium and copper forecasts and slightly exceeded analyst estimates for manganese ore production, for which it is the world's biggest producer. "While production was inline, sales were impacted, leading to weaker-than-expected cash generation," said analyst Glyn Lawcock of Barrenjoey in Sydney. "This impact is most acute in our aluminium value chain in Southern Africa due to ongoing shipping delays." In manganese ore, South32 reported 1,477 kilotonnes (kt) of production, ahead of an RBC estimate by 7%.

☆ Analysis: This guy made $150,000 a day, because Corporate America is out of control
▼ + stars: | 2023-01-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

I’m seeing the words “recession,” “crypto,” “debt ceiling,” the “M&M’s spokescandy scandals…”And yet, I am bound my duty as a journalist not to shy away from the hard candy shell news. I know, I know, you’re all tired of the media’s relentless coverage of the M&M Spokescandy Saga, aka the Culture War Battle that is shaping social discourse in the Year of Our Lord 2023. The company claims it didn’t think anyone would notice when it released the changes to the characters’ appearance. “We definitely didn’t think it would break the internet,” it said in a press release that frankly reeked of champagne and high fives. Oh you didn’t think anyone would notice, M&M marketing wizards?

☆ Canada says Cameroon warring parties agree to enter peace process
▼ + stars: | 2023-01-21 | by ( ) www.reuters.com time to read: +2 min

YAOUNDE, Jan 21 (Reuters) - The government of Cameroon and some separatist factions in the English-speaking regions of the country have agreed to enter into a process aimed at resolving a conflict that has killed over 6,000 people, Canada's foreign ministry said. "Canada welcomes the agreement by the parties to enter a process to reach a comprehensive, peaceful and political resolution of the conflict," foreign minister Mélanie Joly, said in a statement on Friday. The statement said Canada had accepted a mandate to facilitate the process and the parties have agreed to form technical committees to begin work on confidence-building measures. The parties further express the hope that other groups will join the process," the statement said. Spokespersons for the separatist factions could not be reached for comments.

☆ Indonesia says BASF, Eramet near $2.6 bln deal to process nickel for EV batteries
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +3 min

[1/2] A logo is seen on the facade of the BASF plant and former Ciba production site in Schweizerhalle near Basel July 7, 2009. Indonesia's investment ministry cited BASF chief executive Martin Brudermüller as saying the project investment would be worth around 2.4 billion euros ($2.59 billion). Eramet spokeswoman Fanny Mounier said the project was subject to a final investment decision and further details would be disclosed if a decision was made. The planned plant would produce mixed hydroxide precipitate (MHP) from nickel through a high-pressure acid leach (HPAL) plant. Investment into MHP production in Indonesia has so far been dominated by Chinese companies such as Zhejiang Huayou Cobalt and Tsingshan Holding Group.

As we all find ourselves traveling more, travel insurance continues to be worth considering. Make sure you note whether your travel insurance requires receipts or a doctor's note. Travel insurance reimbursed meAfter our period of isolation and recovery, we finally made it home and I filed a claim with Allianz travel insurance, which I had reluctantly added on when purchasing my flights. It was a good thing we went to the clinic, as I later re-read the travel insurance COVID policy about needing an official medical diagnosis. I spent $54.26 on travel insurance and got reimbursed $555.03, which covered most of our additional expenses from COVID isolation.

☆ EQRx promised to deliver cutting-edge drugs at half the cost of rivals. A cofounder shares why the once buzzy biotech is walking away from that mission
▼ + stars: | 2023-01-19 | by ( Andrew Dunn | ) www.businessinsider.com time to read: +5 min

After years of touting the idea of radically lower drug prices, EQRx has walked away from that plan. Cofounder Alexis Borisy said it was due to the FDA not OK'ing drugs based only on Chinese data. EQRx suddenly sounded like a typical biotech company, talking of "market-based pricing" that would "maximize value for shareholders." EQRx's stock is down over 75% since its record-breaking SPACAlexis Borisy, EQRx Chairman, and CEO Melanie Nallicheri. An unclear future for 'radically lower drug prices'EQRx CEO Melanie Nallicheri EQRxIn November, EQRx said it wouldn't pursue radically lower pricing for its first two drug candidates, both cancer therapies.

☆ BASF, Eramet near $2.6 bln Indonesia deal to process nickel for EV batteries
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +3 min

JAKARTA, Jan 18 (Reuters) - Germany's BASF (BASFn.DE) and French miner Eramet (ERMT.PA) are finalising a $2.6 billion partnership deal to invest in a facility in Indonesia to process nickel for use in batteries for electric vehicles, Indonesian officials said. The project investment would be worth around 2.4 billion euros ($2.59 billion), the investment ministry said, citing BASF chief executive Martin Brudermüller. BASF and Eramet's investment plan was in line with the government's "aspirations to set up Indonesia as world-class EV player," said Investment Minister Bahlil Lahadalia. Indonesia is also finalising agreements with Chinese automaker BYD Group and Tesla (TSLA.O) to invest in EV production facilities, a senior cabinet minister said on Tuesday. Investment into MHP production in Indonesia has so far been dominated by Chinese companies such as Zhejiang Huayou Cobalt and Tsingshan Holding Group.

☆ Canada summons Russian ambassador over attacks on civilians in Ukraine
▼ + stars: | 2023-01-18 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

Officials had summoned the ambassador to "make clear we do not accept the sheer brutality of Russia's recent attacks against civilians in Dnipro," Joly told reporters in Toronto. The attack on an apartment building in Dnipro on Saturday was the deadliest for civilians since the start of a three-month Russian missile bombardment campaign. Ukraine says the building was struck by a Russian Kh-22 missile. Canada, like other Western nations, has slapped broad sanctions on Russia over its invasion in Ukraine, and Joly said Ottawa would continue to hold Moscow accountable. Earlier on Wednesday, Canada announced the supply of 200 Senator armored personnel carriers as part of its military assistance to Ukraine.

☆ US labor secretary says he wants more women to be CEOs and board members so the gender pay gap can immediately close
▼ + stars: | 2023-01-17 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Marty Walsh, the labor secretary, said at the WEF the US needs more women as CEOs and board members. Having women in these positions could close the gender pay gap, he said. The WEF estimated in its Global Gender Gap Report, published in July, that it would take 132 years to close the gap. Businesses need to understand that they need to close the pay gap, he said. The WEF said in its July report that the global gender pay gap had been closed by around 68%.

☆ Rio Tinto sees increased volatility as China reopens
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +3 min

MELBOURNE, Jan 17 (Reuters) - Rio Tinto (RIO.AX) on Tuesday said that China's reopening from COVID-19 restrictions is set to raise near-term risks of labour and supply-chain shortages, while it also flagged a strong start to iron ore shipments for 2023. Rio looks set to retain its crown as the world's biggest iron ore producer as quarterly iron ore shipments came in slightly ahead of expectations, near the bottom of the year's guidance. "It's good to see they made their iron ore guidance. Iron ore shipments for the final quarter of 2022 rose 3.8% to 87.3 million tonnes (Mt), bringing full-year shipments to 321.6 Mt, which beat a Visible Alpha consensus estimate of 320.2 Mt. Rio Tinto maintained its full-year iron ore shipments forecast of 320 Mt to 335 Mt.

☆ Top U.S. and Canada officials to attend Mexico summit
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Jan 5 (Reuters) - A host of top cabinet officials from the United States and Canada will take part in a North American Leaders' Summit in Mexico City next week, Mexican Foreign Minister Marcelo Ebrard said on Thursday. U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau will visit Mexico City early next week for meetings that will encompass climate change, competitiveness, immigration, security and equity, Ebrard said. The summit will be the first in person encounter between the three leaders since late 2021. Biden and Lopez Obrador would meet for private talks on Monday afternoon, after which high level meetings would take place between Mexican and U.S. officials, Ebrard told a news conference alongside the Mexican president. On Tuesday, a trilateral meeting between Biden, Trudeau and Lopez Obrador would take place, as well as a working lunch for the government delegations.

☆ Here's why these US Air Force A-10 attack aircraft rock fearsome shark teeth war paint
▼ + stars: | 2023-01-02 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

An A-10 pilot told Insider about the history of the shark teeth war paint. Those planes are the ones rocking the ferocious shark teeth war paint, he said. US Air Force Senior Airman Brandon Hill, 74th Aircraft Maintenance Unit dedicated crew chief, guides Lt. Col. Matthew Shelly, the 74th Fighter Squadron commander, at Moody Air Force Base, Georgia, June, 26 2021 US Air Force photo by Staff Sgt. The first P-40s to feature the shark mouth war paint were the British Royal Air Force Tomahawks. The 74th and 75th Fighter Squadrons are still part of the 23rd Fighter Group while the 76th is now a Reserve unit with 476th Fighter Group.

☆ Here are 22 of the top LGBTQ news stories of 2022
▼ + stars: | 2022-12-30 | by ( Jo Yurcaba | Jo Yurcaba Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +12 min

Here are 22 of our top LGBTQ news stories of the year. Ron DeSantis signed the controversial Parental Rights in Education law — or what critics have dubbed the “Don’t Say Gay” bill — on March 28. 'It’s already having an impact': LGBTQ people fear abortion rights reversalA supporter of gay marriage waves a flag in front of the Supreme Court on June 25, 2015. Nicola Goode / Prime VideoAmazon’s “A League of Their Own” series, which debuted Aug. 12 and was inspired by the 1992 cult classic by director Penny Marshall, brought much-needed representation to the screen for lesbians and other queer women, who celebrated how “gay, gay, gay” it was. Biden signs same-sex marriage bill at White House ceremonyPresident Joe Biden signs the Respect for Marriage Act on the South Lawn of the White House on Dec. 13.

☆ Here's how much money Donald Trump told the IRS he made each year from 2015 to 2020, according to his personal tax returns
▼ + stars: | 2022-12-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

The House Ways and Means Committee released Trump's tax returns to the public on Friday. The documents reveal details of the former president's personal finances from 2015 to 2020. They also include how much Trump told the Internal Revenue Research he made each year. Significantly, the documents released on Friday show much he and former first lady Melanie Trump told the Internal Revenue Service they made on their jointly-filed personal tax returns from 2015 to 2020. Committee Chairman Richard Neal first requested the documents from the Internal Revenue Service in 2019.

Many of the nation’s largest nonprofit hospital systems, which give aid to poorer communities to earn tax breaks, have been leaving those areas and moving into wealthier ones as they have added and shed hospitals in the last two decades. As nonprofits, these regional and national giants reap $8.8 billion from tax breaks annually, by one Johns Hopkins University researcher’s estimate. Among their obligations, they are expected to provide free medical care to those least able to afford it.

☆ A nutritionist shares the best snacks to bring on a plane to boost your immune system
▼ + stars: | 2022-12-26 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +5 min

But there are steps people can take to reduce their chances of getting sick, say health specialists at Spain's SHA Wellness Clinic. Source: SHA Wellness ClinicEating a nutrient-dense diet is the top recommendation from Melanie Waxman, an integrative nutrition specialist and eating coach at SHA Wellness Clinic. Nori is alkaline and provides a good source of vitamin C, as well as omega-3 fatty acids, protein and minerals." Nori is alkaline and provides a good source of vitamin C, as well as omega-3 fatty acids, protein and minerals." Supplements, for someStudies indicate that certain supplements — such as vitamin C, vitamin D, zinc, garlic, echinacea and green tea — may strengthen the body's immune response, Mera said.

☆ Canada condemns N.Korean arms sale to Russia's Wagner Group -statement
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Dec 23 (Reuters) - Canada on Friday condemned what it said were North Korean arms deliveries to Russia, saying Pyongyang's transaction with the private military company the Wagner Group "clearly violates international law and United Nations Security Council resolutions." "We will continue to work with international partners to address these developments and respond to further arms deliveries should they take place," Canadian Foreign Affairs Minister Mélanie Joly said in a statement. North Korea's foreign ministry, in a statement, has denied that it has supplied munitions to Russia but did not make any mention of Wagner. The United States on Thursday said North Korea had completed an initial arms delivery to the Wagner Group to help bolster Russian forces in Ukraine, confirming news first reported by Reuters. Reporting by Steve Scherer in Ottawa; writing by Susan Heavey; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Following Trump tax revelations, U.S. House passes bill to boost oversight
▼ + stars: | 2022-12-22 | by ( Andy Sullivan | ) www.reuters.com time to read: +2 min

Trump's tax records show that his income and tax liability fluctuated dramatically between 2015 and 2020, during his first presidential bid and subsequent term in office. They show that Trump and his wife Melanie minimized their tax liability through large deductions and losses and paid little or no income tax in several of those years. Though the IRS is supposed to audit presidents' tax returns each year, it did not do so until Democrats pressed for action in 2019. The legislation passed by the House would require the IRS to examine presidential tax returns each year and report on the status of those audits. Ways and Means Committee Chairman Richard Neal, a Democrat, said the legislation aimed to strengthen presidential oversight, not target Trump.

☆ I quit my IT job to install lights year-round. It's not easy but making people's days is worth it.
▼ + stars: | 2022-12-22 | by ( Melanie Carden | ) www.businessinsider.com time to read: +8 min

Doran Dal Pra first installed holiday lights in 2018 after a friend proposed the business idea. The holiday lights have to go up — snow or no snow. We're not building rockets; we're hanging holiday lights, which is something almost any homeowner can do. The New England Holiday Lighting CompanyThere's this home for older adults that goes bananas with its holiday lights each year. The New England Holiday Lighting CompanyI was on a ladder and pulling an extension cord through some branches when it got caught.

☆ Newcrest CEO Biswas steps down, hunt for new chief underway
▼ + stars: | 2022-12-18 | by ( ) www.reuters.com time to read: 1 min

MELBOURNE, Dec 19 (Reuters) - Newcrest Mining Ltd (NCM.AX) Chief Executive Sandeep Biswas will retire from his role at the helm of Australia's largest gold producer, the company said on Monday. Chief Financial Officer Sherry Duhe, who joined the company in February, will step in as interim chief executive while a global internal and external search for a replacement is underway, Newcrest said in a filing to the exchange. Duhe comes from an energy background, having previously worked as CFO of Woodside Energy, and spent 13 years at Shell. Biswas, who will relinquish his role as a managing director as of Monday, will stay on in an advisory capacity until March 18. Our Standards: The Thomson Reuters Trust Principles.

Fractured teams lose,” GOP Rep. Don Bacon of Nebraska, co-chair of the centrist-leaning Main Street Caucus, told CNN, pointing to McCarthy’s broad support among the conference. During the meeting, they told McCarthy they would have his back and were committed to voting for him on multiple ballots if it comes to that. But one member told CNN they also conveyed concern to McCarthy about restoring the motion to vacate the speaker’s chair. “He’s open to a lot of things,” Norman told CNN, including adopting the motion to vacate the chair rule. “I’ve said this over and over again: there is not this, like, enormous amount of drama,” Moore told CNN.

☆ Kevin McCarthy's impossible GOP math
▼ + stars: | 2022-12-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

Republican leader Kevin McCarthy is far from assured of winning sufficient support in his party to become House speaker next month. The tiny GOP House majority that takes over in January, after a disappointing midterm performance, would mean a fragile governing mandate for any party at any point in American history. McCarthy’s impossible mathFrom a broader political perspective, it might be in McCarthy’s interest to stand up to the most extreme members of his conference. The path to the GOP majority went through comparatively moderate seats in places like New York that will be most at risk in the 2024 election. But it also reflected Greene’s growing personal power, after she broke with some radical GOP members and lined up to support McCarthy’s speakership.

CNN —The House Republican Conference is still entrenched in an internal war over whether to reinstate an arcane rule that would empower any member to bring up a vote to oust a speaker at any time. The bitter divide is only heating up and has emerged center stage in House GOP Leader Kevin McCarthy’s quest for 218 votes to win the position. “There’s a reason [the motion to vacate] already got debated. It’s a healthy process.”For now, leadership is keeping their options open on the motion to vacate with Republican Whip Steve Scalise telling reporters Tuesday, “There are continuing negotiations going on. Video Ad Feedback GOP lawmaker explains why he won't vote for McCarthy to become House Speaker 03:08 - Source: CNNThe House is scheduled to hold another rules meeting on Wednesday where they will debate the issue.

CNN —Top congressional negotiators announced Tuesday evening that an agreement had been reached for a framework that should allow lawmakers to complete a sweeping full-year government funding package. The comments from McCarthy may even add more urgency to the effort to reach a deal before the new Congress convenes. Senate Majority Whip Dick Durbin warned about the prospects of the government funding fight moving into next year. If a broader bipartisan deal does come together, it would be poised to pass both chambers. The lawmakers are hoping to include the provision in the government spending bill that Congress is scrambling to craft.

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