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☆ Trucking firm XPO to buy bankrupt Yellow's service centers for $870 mln
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

Yellow Corp. trailers sit idle at a YRC shipping facility in North Reading, Massachusetts, U.S., August 16, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsDec 5 (Reuters) - Trucking company XPO Inc (XPO.N) won a bid to buy 28 service centers of bankrupt Yellow Corp for $870 million in a closely watched auction of the nearly 100-year-old firm's assets. Yellow, formerly known as YRC, filed for Chapter 11 bankruptcy protection in August after blaming the International Brotherhood of Teamsters union for its demise. The U.S. Bankruptcy Court in Delaware will hold a hearing on Dec. 12 to approve the bids. Yellow's bankruptcy process was closely watched after its demise potentially saddled U.S. taxpayers with losses stemming from a government rescue.

Persons: Brian Snyder, XPO, Jonathan Chappell, XPO's, Aishwarya Jain, Pooja Desai, Krishna Chandra Organizations: Yellow Corp, REUTERS, Trucking, XPO Inc, International Brotherhood of Teamsters, Walmart, Evercore ISI, Estes Express Lines, Swift Transportation Holdings, U.S, Bankruptcy, Thomson Locations: North Reading , Massachusetts, U.S, North America, Delaware

☆ Covid vaccine rates in the U.S. are slumping — and it will be a challenge to boost them
▼ + stars: | 2023-11-30 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +10 min

In this article PFEMRNANVAX Follow your favorite stocks CREATE FREE ACCOUNTA sign advertises Covid vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, on Aug. 14, 2023. Brian Snyder | ReutersThree years into the Covid-19 pandemic, few Americans are rolling up their sleeves to get a Covid vaccine. Experts and vaccine makers can agree that low Covid vaccination rates are concerning, even as cases of the virus dwindle from their pandemic highs. However, Iovine of the University of Florida doesn't believe combination shots will have a significant effect on Covid vaccination rates. If combination shots don't do the trick, it's unclear what else could boost Covid vaccination rates down the line.

Persons: Brian Snyder, Ali Mokdad, Mokdad, Irfan Khan, Jennifer Kates, Brad Pollock, Nicole Iovine, epidemiologist, Iovine, Michael Yee, Albert Bourla, Arpa Garay, Garay, John Trizzino, Trizzino, Jamey Mock, Andrew Pekosz, Jefferies, Yee, doesn't Organizations: Walgreens, Reuters, Pfizer, Moderna, Centers for Disease Control, CDC, University of Washington, CVS Pharmacy, Los Angeles Times, KFF, UC Davis Health's, University of Florida, Jefferies, Arpa, CNBC, Istock, Getty, Johns Hopkins Bloomberg School of Public Health Locations: Somerville , Massachusetts, U.S, Novavax, Covid, Eagle Rock , California

☆ AbbVie to buy cancer drugmaker ImmunoGen for $10 billion as Humira faces heat
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brian Snyder/File Photo Acquire Licensing RightsNov 30 (Reuters) - AbbVie (ABBV.N) will buy ImmunoGen (IMGN.O) for $10.1 billion in cash, it said on Thursday, the latest major drugmaker to buy a developer of 'guided missile' cancer therapies as the company's top-seller Humira grapples with fierce competition. ImmunoGen's Elahere belongs to a new class of treatments called antibody-drug conjugates (ADC) that precisely targets cancer cells, potentially reducing toxicity for other cells. The drug, approved for ovarian cancer patients who have received previous therapies, is also being tested in earlier lines of treatment. AbbVie will also get access to Immunogen's follow-on pipeline of ADCs, including early-stage ovarian cancer candidate IMGN-151 and a mid-stage drug pivekimab sunirine for a rare type of blood cancer. Meanwhile, AbbVie's cancer drugs sales declined more than 8% in the third quarter to $1.51 billion, primarily due to increased competition to Imbruvica.

Persons: Brian Snyder, ImmunoGen's Elahere, AbbVie, IMGN, pivekimab, Immuogen stock's, Immunogen's, Elahere, Imbruvica, Manas Mishra, Leroy Leo, Shinjini Ganguli Organizations: REUTERS, Pfizer, Merck, U.S, Thomson Locations: Cambridge , Massachusetts, U.S, Bengaluru

☆ Feds Launch Investigation of Harvard for Possible Civil-Rights Violations
▼ + stars: | 2023-11-29 | by ( Douglas Belkin | ) www.wsj.com time to read: 1 min

Protesters demonstrated over the war in the Gaza Strip at Harvard University in Cambridge, Mass., this month. Photo: brian snyder/ReutersThe U.S. Education Department’s Office for Civil Rights on Tuesday added Harvard University to the list of schools the agency is investigating as part of a federal crackdown on race- and religious-based harassment since the start of the conflict in Gaza began last month. Harvard is the 15th school and 8th college or university added to the list since the conflict began Oct. 7, according to the agency’s website. Other colleges include The University of Pennsylvania, Wellesley College and Columbia University. The number of schools under investigation this year doubled since the conflict started.

Persons: brian snyder Organizations: Harvard University in, U.S, Education Department’s, Civil Rights, Harvard University, Harvard, The University of Pennsylvania, Wellesley College, Columbia University Locations: Gaza, Harvard University in Cambridge

☆ Exclusive: Emirates tells Rolls-Royce: Go back to basics, put products first
▼ + stars: | 2023-11-29 | by ( Tim Hepher | ) www.reuters.com time to read: +5 min

Signs for Emirates airlines are stacked to the side at Logan Airport in Boston, Massachusetts, U.S., January 19, 2022. "If you have an engine ... not performing as it should do, your costs are going to rise. Get your product right, design it to what the client wants, give it that high level of reliability. And yes, paradoxically, you can extract more value for your money for your buck in terms of your investment." He brushed aside the idea of renegotiating existing engine contracts to raise hourly pricing, saying "don't go there".

Persons: Brian Snyder, Tufan Erginbilgic, Tim Clark, Clark, I've, Royce, Erginbilgic, we're, Tim Hepher, Sharon Singleton, Mark Potter Organizations: Emirates, Logan Airport, REUTERS, Rights, Dubai's, Royce, Reuters, Airbus, Boeing, Airlines, Raytheon Technologies, Thomson Locations: Boston , Massachusetts, U.S, Dubai's Emirates, British, Dubai

☆ Powerful Koch group endorses Haley's 2024 Republican presidential bid
▼ + stars: | 2023-11-28 | by ( Doina Chiacu | ) www.reuters.com time to read: +2 min

Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley listens as she is introduced during a campaign stop in Hooksett, New Hampshire, U.S., November 20, 2023. And last night, we concluded that analysis," the Koch group, Americans for Prosperity Action, said in a statement. "That candidate is Nikki Haley." The group promised Haley "the full weight and scope of AFP Action’s unmatched grassroots army and resources" in her bid to become the next U.S. president.

Persons: Nikki Haley, Brian Snyder, Charles Koch, Donald Trump, Trump, Joe Biden, Biden, Haley, Florida Governor Ron DeSantis, Doina Chiacu, Alistair Bell Organizations: U.S, United, REUTERS, Rights, South, Trump, White, Prosperity, Republican, Florida Governor, Thomson Locations: Hooksett , New Hampshire, U.S, South Carolina, United Nations

Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally in Claremont, New Hampshire, U.S., November 11, 2023. The unprecedented legal turmoil has prompted questions about what would happen to Trump's campaign if he was convicted or jailed. Asked in an interview with Reuters whether he would still support Trump if he were convicted, Marcus replied, "I think so. "I never discussed his legal fees or his legal problems," Marcus said, adding that Trump was "very happy" about his support. Marcus said he thought Trump was a "fixer" who would be beneficial to the U.S. economy and strong on Middle East foreign policy.

Persons: Donald Trump, Brian Snyder, Bernie Marcus, Donald Trump's, Marcus, Democrat Joe Biden, Trump, Trump's, Wilma Marcus, I'm, that's, Nikki Haley, Ron DeSantis, Alexandra Ulmer, Andrew Goudsward, Ross Colvin, Jonathan Oatis Organizations: REUTERS, Republican, Trump, Democrat, Reuters, Trump's White House, Business, Forbes, Biden, South, Thomson Locations: Claremont , New Hampshire, U.S, Iowa, South Carolina, Florida

Trump touted the efficacy of family separations during a CNN town hall in May, and declined to rule out reinstating them. "It stopped people from coming by the hundreds of thousands because when they hear 'family separation,' they say, 'Well, we better not go.' Homan said he was not sure what he would do if Trump asked him to revive family separation. ACTIVISTS READY LEGAL FIGHTIf Trump did implement a family separation policy, he would likely face legal challenges. Mark Morgan, a top border official under Trump, said he does not believe a new Trump administration would implement a family separation policy in the way it did the first time.

Persons: Donald Trump, Brian Snyder, Trump, Tom Homan, Joe Biden's, Trump's, The Trump, Biden, Julie Rodriguez, Rodriguez, Homan, Chad Wolf, Wolf, Lee Gelernt, Mark Morgan, Morgan, Ted Hesson, Nathan Layne, Gram Slattery, Ross Colvin, Daniel Wallis Organizations: Republican, REUTERS, Rights, White, Trump, Reuters, CNN, Univision, Democratic, House, The, Biden, America, Policy Institute, American Civil Liberties Union, ACLU, Thomson Locations: Claremont , New Hampshire, U.S, Mexico, Spanish, Trump, Washington, Wilton , Connecticut

☆ Researchers return to Alzheimer's vaccines, buoyed by recent drug success
▼ + stars: | 2023-11-20 | by ( Julie Steenhuysen | ) www.reuters.com time to read: +6 min

The renewed interest in Alzheimer's vaccines follows a promising first attempt more than 20 years ago that was abandoned after 6% of study volunteers developed life-threatening brain inflammation known as meningoencephalitis. Dr. Reisa Sperling, an Alzheimer's researcher at Mass General Brigham in Boston, said she believes vaccines will play an important role as researchers look to prevent Alzheimer's. She is considering vaccines for her next study in asymptomatic people with Alzheimer's proteins in their blood, but not enough to register on brain scans. Alzheimer's vaccines are still in the early stages and will require large, years-long trials to show they work. Generating a strong immune response is critical for such vaccines, which would typically be given to older individuals with weaker immune systems, he said.

Persons: Brian Snyder, Eli Lilly's, Reisa Sperling, Brigham, “, ” Sperling, Walter Koroshetz, Mei Mei Hu, Vaxxinity, Hu, Michael Rafii, Rafii, Andrea Pfiefer, Johnson, Prothena, Gene Kinney, Julie Steenhuysen, Caroline Humer, Bill Berkrot Organizations: Alzheimer Research, Brigham, Women's, REUTERS, Rights, U.S . Food, Drug Administration, Mass, National Institutes of Health, UB, University of Southern, Johnson, Bristol Myers Squibb, Thomson Locations: Boston , Massachusetts, U.S, Boston, Taiwan, University of Southern California

☆ Woods to return at Hero World Challenge
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +1 min

Golf - The Masters - Augusta National Golf Club - Augusta, Georgia, U.S. - April 8, 2023 Tiger Woods of the U.S. acknowledges the crowd on the 18th green after completing his second round REUTERS/Brian Snyder/file photo Acquire Licensing RightsNov 18 (Reuters) - Tiger Woods will return to competitive action at the Hero World Championship, the 15-times major champion said on Saturday, in what will be his first PGA Tour start since undergoing ankle surgery in April. Woods, 47, is hosting the Nov. 30-Dec. 3 tournament in Albany, Bahamas which features six top-10 players in its 20-player field, including American world number one Scottie Scheffler. Woods did not play in a major tournament this year, withdrawing from the Masters due to his ankle operation and missing the PGA Championship, U.S. Open and British Open. He has played a limited competition schedule since suffering serious leg injuries in a 2021 car crash. Reporting by Janina Nuno Rios in Mexico City, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Woods, Brian Snyder, Scottie Scheffler, Janina Nuno Rios, Ed Osmond Organizations: Golf, REUTERS, PGA Championship, British, Thomson Locations: Augusta , Georgia, U.S, Woods, Albany, Bahamas, Mexico City

REUTERS/Brian Snyder/File Photo Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - Former U.S. President Donald Trump, the leading candidate for the Republican presidential nomination in 2024, has promised to crack down on illegal immigration and restrict legal immigration if elected to a second term in office. Trump focused on building a wall on the Mexico border during his first term and has pledged to close gaps in the border wall if reelected. During his first term, Trump greatly reduced the number of refugees allowed into the U.S. from abroad and has criticized Biden's decision to increase admissions. Trump has said he would push for a "a merit-based immigration system that protects American labor and promotes American values." Trump tried to phase out most TPS enrollment during his first term, but was slowed by legal challenges.

Persons: Donald Trump, Brian Snyder, Joe Biden, Trump, Biden, DACA Trump, Ted Hesson, Nathan Layne, Ross Colvin, Rosalba O'Brien Organizations: Republican, REUTERS, Rights, Former U.S, Trump, Democrat, Biden, Hamas, New York Times, Times, National Guard, U.S, Constitution, CNN, Government watchdogs, Thomson Locations: Claremont , New Hampshire, U.S, Former, Mexico, Mexican, Gaza, Libya, Somalia, Syria, Yemen, Iowa, United States, Washington

☆ Biden campaign says Trump echoed Hitler with use of word 'vermin'
▼ + stars: | 2023-11-13 | by ( Nathan Layne | ) www.reuters.com time to read: +3 min

Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally in Claremont, New Hampshire, U.S., November 11, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsNov 13 (Reuters) - U.S. President Joe Biden's 2024 re-election team on Monday said former President Donald Trump had embraced the language of Nazi German dictator Adolf Hitler by using the word "vermin" to refer to his political enemies. "Donald Trump thinks he can win by dividing our country. Steven Cheung, a Trump campaign spokesman, rejected the comparisons to Hitler and Italy's Mussolini. White House spokesperson Andrew Bates also said Trump's use of the word "vermin" echoed Hitler and Mussolini.

Persons: Donald Trump, Brian Snyder, Joe Biden's, Adolf Hitler, Trump, autocrats, Donald Trump parroted, Benito Mussolini –, Biden, Ammar Moussa, he’ll, Steven Cheung, Hitler, Italy's Mussolini, Cheung, Andrew Bates, Mussolini, Bates, Tim Naftali, Naftali, Nathan Layne, Howard Goller Organizations: REUTERS, Veterans, Trump, White, Republican, Columbia University's School of International and Public Affairs, Thomson Locations: Claremont , New Hampshire, U.S, Nazi German, New Hampshire, Wilton , Connecticut

☆ McIlroy finishes top of money list without hitting a shot
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +1 min

Northern Irishman McIlroy, with 5,164.5 points going into the DP World Tour Championship at Dubai this week, has now finished top of the formerly named European Tour money list five times, first in 2012 and again in 2014, 2015 and last year. McIlroy, who made more than seven million euros ($7.48 million) in prize money in nine tour events this year, is 2,083 points ahead of second-placed Jon Rahm, the Masters champion, with Adrian Meronk third. Poland’s Meronk played in this weekend’s Nedbank Challenge at Sun City where he added 94.5 points after finishing 15th. The tournament in South Africa was won by American Max Homa, who finished four shots ahead of Denmark’s Nicolai HojgaardThe top 50 finishers in the Race to Dubai rankings will compete for a $10-million purse at Jumeirah Golf Estate from Thursday. ($1 = 0.9362 euros)Writing by Mark Gleeson in Cape Town; Editing by Clare FallonOur Standards: The Thomson Reuters Trust Principles.

Persons: Rory McIlroy, Brian Snyder, Sun City . Northern Irishman McIlroy, McIlroy, Jon Rahm, Adrian Meronk, Poland’s Meronk, Max Homa, Denmark’s Nicolai Hojgaard, Mark Gleeson, Clare Fallon Organizations: United, Prix, CITY, Sun, Sun City . Northern, Dubai, European, Thomson Locations: United States, Americas, Austin , Texas, U.S, South Africa, Sun City ., Sun City, Dubai, Cape Town

☆ Republicans demand Biden challenge China's Xi on fentanyl, prisoners
▼ + stars: | 2023-11-09 | by ( Michael Martina | ) www.reuters.com time to read: +3 min

The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S., November 1, 2021. Republicans and Democrats in Congress have offered sometimes different approaches for countering China's growing economic and military might despite bipartisan consensus on the need to do so. But they asked Biden to present Xi with a list of 10 demands to improve relations, much like Beijing did to U.S. officials in 2021. "It is clear that competitive actions have been sacrificed to advance aimless, zombie-like engagement," they said. Reporting by Michael Martina and Patricia Zengerle; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Brian Snyder, Joe Biden, Xi Jinping, Mike Gallagher, Biden, Mark Swidan, American Kai Li, David Lin, Michael Martina, Patricia Zengerle, Grant McCool Organizations: REUTERS, Rights, U.S, Beijing, Biden, Economic Cooperation, Republicans, Democrats, Treasury, Industrial, Thomson Locations: United States, China, Chinatown, Boston , Massachusetts, U.S, San Francisco, Asia, Beijing, Philippines, South China, South, Taiwan, China's Xinjiang, Texas, American

☆ New US jobless claims edge down; continued claims on the rise
▼ + stars: | 2023-11-09 | by ( Dan Burns | ) www.reuters.com time to read: +3 min

Some economists contend the rise in continuing claims reflects difficulties adjusting the data for seasonal fluctuations. That would be consistent with the latest hiring data showing the job market is cooling. A separate report showed that there were 1.5 job openings for every unemployed person in September, down from around 2-to-1 when the job market was the most tight last year. The claims data adds to the case for the U.S. Federal Reserve to keep interest rates on hold for now, economists said. Vanden Houten, however, said she expects job market conditions to soften slowly, and now expects the first Fed rate cut to happen in September rather than May as she had previously forecast.

Persons: Brian Snyder, Nancy Vanden Houten, Dan Burns, Paul Simao, Franklin Paul Organizations: Taylor Party, Equipment Rentals, REUTERS, Labor Department, Reuters, U.S . Federal Reserve, Oxford Economics, Fed, CME Group's, Franklin Paul Our, Thomson Locations: Somerville , Massachusetts, U.S, Vanden Houten

☆ U.S. GP results stand after F1 stewards reject Haas appeal
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

Stewards ruled, in a lengthy statement, that Haas had presented no significant and relevant new element that was unavailable to them at the time of the Oct. 22 race in Austin, Texas. The decision was reached after a virtual hearing that started on Wednesday and was deferred to Thursday. Haas, last in the championship, sought the review during last weekend's Sao Paulo Grand Prix because they believed some rivals exceeded track limits without sanction. The U.S.-owned team argued that the track limit infringements were "neither noted, nor investigated nor penalized by the stewards as reflected in the final classification." The stewards found the onboard camera footage of Albon's Williams and following cars was significant but not new, previously unavailable or relevant.

Persons: Haas, Nico Hulkenberg, Brian Snyder, Aston Martin, Williams, Red Bull, McLaren, Ferrari, Alex Albon, Logan Sargeant, Red Bull's Sergio Perez, Aston, Lance, Albon's Williams, Albon, Sargeant, Alan Baldwin, Pritha Sarkar Organizations: United, Prix, U.S, Formula, Stewards, Sao Paulo, Sao Paulo Grand Prix, FIA, Red, Austin, Thomson Locations: United States, Americas, Austin , Texas, U.S, Sao Paulo Grand

☆ Ivanka Trump to testify in father's New York civil fraud trial
▼ + stars: | 2023-11-08 | by ( Jack Queen | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

REUTERS/Brian Snyder/File Photo Acquire Licensing RightsNov 8 (Reuters) - Donald Trump's daughter Ivanka Trump is set to testify on Wednesday in a civil fraud trial that has exposed the inner workings of the former U.S. president’s business empire and threatens to strip him of prized New York properties. Judge Arthur Engoron has already ruled that the conduct amounts to fraud and is now considering what penalties to impose. Unlike her brothers, she did not oversee the Trump Organization during their father's 2017-2021 term in the White House. In a ruling that found Trump, his adult sons and 10 of his companies liable for fraud, Engoron described in scathing terms how the defendants made up valuations. Reporting by Jack Queen in New York; Editing by Andy Sullivan and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Ivanka Trump, Donald Trump, Kelly Loeffler, Brian Snyder, Donald Trump's, Trump, Letitia James, Judge Arthur Engoron, James, Donald Jr, Eric Trump, Engoron, Joe Biden's, Biden, Jack Queen, Andy Sullivan, Grant McCool Organizations: White, Republican, REUTERS, New York, Trump Organization, Trump, Thomson Locations: Dalton , Georgia, U.S, New York

☆ Bristol Myers buys Orum's blood cancer therapy for up to $180 mln
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: 1 min

A sign stands outside a Bristol Myers Squibb facility in Cambridge, Massachusetts, U.S., May 20, 2021. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsNov 6 (Reuters) - Bristol Myers Squibb (BMY.N) has acquired Orum Therapeutics' experimental therapy to treat a type of blood cancer for a total value of up to $180 million, the privately held company said on Monday. The therapy, ORM-6151, which helps degrade a specific protein hard to treat previously, has received the U.S. Food and Drug Administration's (FDA) clearance for an early stage study. The deal includes an upfront payment of $100 million and milestone payments, Orum said, without disclosing further details. Reporting by Khushi Mandowara in Bengaluru; Editing by Dhanya Ann Thoppil and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Brian Snyder, Orum, Khushi, Dhanya Ann Thoppil Organizations: Bristol Myers Squibb, REUTERS, Orum Therapeutics, U.S . Food, Thomson Locations: Cambridge , Massachusetts, U.S, Bengaluru

☆ US job growth probably slowed in October due to UAW strike
▼ + stars: | 2023-11-03 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The anticipated moderation in employment growth last month would also be pay back after September's enormous gains, the largest in eight months. The Labor Department's closely watched employment report on Friday is expected to show labor market conditions steadily easing, with annual wage growth the smallest in nearly 2-1/2 years and significant growth in the supply of workers. Manufacturing payrolls are forecast falling 10,000 after advancing 17,000 in September. Last week, the BLS reported at least 30,000 UAW members were on strike during the period it surveyed businesses for October's employment report. Wages gains would still be above the 3.5% that economists say is consistent with the Fed's 2% target.

Persons: Brian Snyder, Detroit's, Sam Bullard, payrolls, Veronica Clark, we've, Sung Won Sohn, we're, Brian Bethune, that's, Lucia Mutikani, David Gregorio Our Organizations: Taylor Party, Equipment Rentals, REUTERS, UAW, United Auto Workers, Labor, Federal Reserve, Labor Department's Bureau of Labor Statistics, Manufacturing, BLS, Citigroup, UPS, Finance, Loyola Marymount University, Boston College, Thomson Locations: Somerville , Massachusetts, U.S, WASHINGTON, Wells, Charlotte , North Carolina, New York, Los Angeles

☆ US job growth slows in October; unemployment rate rises to 3.9%
▼ + stars: | 2023-11-03 | by ( Lucia Mutikani | ) www.reuters.com time to read: +3 min

Nonfarm payrolls increased by 150,000 jobs last month, the Labor Department's Bureau of Labor Statistics (BLS) said in its closely watched employment report on Friday. The economy needs to create roughly 100,000 jobs per month to keep up with growth in the working-age population. The report could strengthen financial market expectations that the Federal Reserve is done raising interest rates for the current cycle. The labor market is the major force behind the economy's staying power, with gross domestic product recording an annualized growth pace of nearly 5% in the third quarter. But others disagreed, saying that the record-setting contracts would only become an issue for wage inflation if the Fed raised rates too high and choked off demand.

Persons: Brian Snyder, Detroit's, Lucia Mutikani, Nick Zieminski Organizations: Taylor Party, Equipment Rentals, REUTERS, Rights, United Auto Workers, UAW, Labor Department's Bureau of Labor Statistics, Reuters, BLS, Federal, UPS, Thomson Locations: Somerville , Massachusetts, U.S

☆ Sam Bankman-Fried was just convicted. Where does crypto go from here?
▼ + stars: | 2023-11-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at Sam Bankman-Fried's conviction and what it means for the future of crypto. Sam Bankman-Fried, the crypto industry's most recognizable face (and head of hair), was found guilty of seven counts of fraud and conspiracy on Thursday night. Charges against Bankman-Fried included wire fraud, conspiracy to commit wire fraud, conspiracy to commit securities fraud, conspiracy to commit commodities fraud, and conspiracy to commit money laundering. The conviction came, perhaps fittingly, on the first anniversary of the CoinDesk scoop that sent FTX, the crypto exchange Bankman-Fried co-founded and led, into a tailspin. The downfall was swift, with Bankman-Fried resigning as CEO and FTX collapsing just over a week after the initial report.

Persons: —, Katie Notopoulos —, Linda Yaccarino, Sam Bankman, Chelsea Jia Feng Down, Crypto, SBF, FTX, Fried, Katie Balevic, Jacob Shamsian, Katie, Chelsea Jia Feng, Miami —, That's, Brian Snyder Jamie Dimon, Jeff Gundlach, Gundlach, Mike Blake, Jack Dorsey, Samantha Lee, Janet Yallen, Sheryl Crow, Missy Elliott, isn't, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Bankman, Alameda Research, Wall, BlackRock, PayPal, JPMorgan, Microsoft, Tech, Financial, Labor Statistics, Hall, Today Locations: FTX's, New York City, San Diego, London, New York

☆ China agrees to nuclear arms-control talks with US -WSJ
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +3 min

The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S., November 1, 2021. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsNov 1 (Reuters) - China and the United States will discuss nuclear arms control next week, the first such talks since the Obama administration, the Wall Street Journal reported on Wednesday. Those arms talks would be led on Monday by Mallory Stewart, a senior State Department official, and Sun Xiaobo, the head of the arms-control department at China's Foreign Ministry, the Wall Street Journal report said. Since then, U.S. officials had expressed frustration that China showed little interest in discussing steps to reduce nuclear weapons risks. Daryl Kimball, executive director of the Washington-based Arms Control Association, said the overdue arms talks would likely focus on promoting greater transparency of each countries' nuclear doctrines and more effective crisis-communication channels.

Persons: Brian Snyder, Obama, Wang Yi, Mallory Stewart, Sun Xiaobo, Jake Sullivan, Joe Biden, Xi Jinping, Daryl Kimball, Kimball, Jasper Ward, Dan Whitcomb, Michael Martina, David Brunnstrom, Sandra Maler, Grant McCool Organizations: REUTERS, Wall Street, China's, State Department, China's Foreign Ministry, Wall, U.S . State Department, Reuters, U.S . National, Pentagon, Biden, Control, Thomson Locations: United States, China, Chinatown, Boston , Massachusetts, U.S, Washington, Russia, Beijing, San Francisco

☆ FDA panel says Vertex/CRISPR to assess safety risks of gene therapy in follow-up study
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] A sign hangs in front of the world headquarters of Vertex Pharmaceuticals in Boston, Massachusetts, U.S., October 23, 2019. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsOct 31 (Reuters) - A panel of advisers to the U.S. health regulator said on Tuesday Vertex Pharmaceuticals (VRTX.O) and CRISPR Therapeutics (CRSP.BN) could assess potential safety risks of their sickle cell disease gene therapy after approval. If the therapy is approved, Vertex has proposed a 15-year follow up of patients to evaluate the safety outcomes of the therapy. Patients who were treated with the therapy were free from severe vaso-occlusive crisis for 12 months from the infusion of exa-cel. "It was made pretty clear that any theoretical off-target editing concerns do not outweigh the benefits of drug approval," said Salim Syed, analyst at Mizuho.

Persons: Brian Snyder, Scot Wolfe, Salim Syed, Sriparna Roy, Krishna Chandra Organizations: Vertex Pharmaceuticals, REUTERS, CRISPR Therapeutics, Staff, U.S . Food, Drug Administration, UMass Chan Medical, Analysts, FDA, Mizuho, Thomson Locations: Boston , Massachusetts, U.S, Bengaluru

☆ Some pharmacy staff from Walgreens, other chains are walking out again — here's what you need to know
▼ + stars: | 2023-10-29 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +11 min

The company's ongoing efforts are focused on how it can recruit, retain and reward pharmacy staff, the spokesperson said. CVS pharmacists make $61.44 an hour on average, while Walgreens pharmacists make $53.85 per hour on average, according to employment website Indeed. However, some Walgreens pharmacy staff told CNBC that the company continues to push their stores to hit performance goals for tasks like verifying prescriptions. IAM Healthcare did not immediately respond to a request for comment, while UFCW has expressed its support for the recent walkouts staged by Walgreens and CVS pharmacy staff. People make their way near a Walgreens pharmacy in New York City, March 9, 2023.

Persons: Brian Snyder, Shane Jerominski, walkouts, Stephanie Keith, I've, Irfan Khan, aren't, Jerominski, UFCW, Leonardo Munoz Organizations: Walgreens, Reuters, CNBC, CVS, Rite Aid, Kansas City, Bloomberg, Getty, Food and Drug Administration, Pfizer, CVS Pharmacy, Los Angeles Times, Kroger, IAM Healthcare, United Food, Commercial Workers International Union, Corbis Locations: Somerville , Massachusetts, Kansas City, Kansas, U.S, Massachusetts , Pennsylvania, California , Texas , Michigan , Missouri, Indiana, New York, Eagle Rock , CA, Canada, New York City

☆ Pharmacy staff from Walgreens, CVS say they’re at a breaking point — here’s what their days look like
▼ + stars: | 2023-10-27 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +7 min

Those investments include enabling teams to schedule additional support as needed, enhancing pharmacist and technician recruitment and hiring and strengthening pharmacy technician training, according to the spokesperson. The pharmacist typically begins the shift by completing several paperwork tasks, which take about five to 10 minutes. The pharmacist and a pharmacy technician then juggle administering shots with several other tasks. The technician typically handles the first part of that task, which involves processing new prescription orders from doctors. One CVS pharmacy technician said they typically come to their store location at 7:50 a.m., 10 minutes before their eight-hour shift starts.

Persons: Mandel Ngan, weren't, Brian Snyder, —, Spencer Platt Organizations: AFP, Getty, Walgreens, CVS, CNBC, Reuters Locations: Washington ,, Somerville , Massachusetts, Brooklyn, New York City

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