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☆ Conservative boycotts against Target and Bud Light are working thanks to a 'perfect storm' of social media and culture wars, experts say
▼ + stars: | 2023-06-03 | by ( Avery Hartmans | Natalie Musumeci | ) www.businessinsider.com time to read: +7 min

Experts say the boycotts work thanks to the culture wars and panic-stoking online and in the media. Bud Light was the target of social-media outcry in April after it partnered with the trans influencer and TikTok star Dylan Mulvaney. Bud Light owner Anheuser-Busch said that several of its facilities had received threats following the weeks of backlash against its brands. Like Bud Light, Nike also partnered with Mulvaney, but that outrage cycle seemed to blow over quickly. "Well, you know what, the next company is gonna say, 'We don't want to be Bud Light or Target.

Persons: —, Bud Light, Dylan Mulvaney, Disney, Ron DeSantis, Joe Raedle, Lawrence Glickman, Glickman, Bud, Busch, Brian Cornell, Scott Olson, Vanitha Swaminathan, Republican Sen, Ted Cruz, Cruz, Ari Drennen, Drennen Organizations: Service, Target, Florida Gov, American Studies, Cornell University, Consumer, Bud Light, Anheuser, Survey, Carey School of Business, Arizona State University, Cornell, Nike, Mulvaney, Katz, Branding, University of, Republican, Disney, Media Matters Locations: Target, America, Patagonia

☆ U.S. Covid public health emergency ends, leaving behind a battered health system
▼ + stars: | 2023-05-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The U.S. public health emergency declared in response to Covid-19 comes to an end Thursday more than three years after the pandemic began. The Biden administration's decision to end the emergency comes as deaths and hospitalizations have declined dramatically due to the availability of vaccines, antiviral treatments and widespread exposure to the virus. The end of the emergency will bring significant changes in how the U.S. responds to the virus. After the emergency ends, the CDC will no longer be able to compel labs to report Covid test results. While public health experts agree the U.S. has many more tools to fight Covid today, they warn the virus will remain a persistent threat to the elderly, the vulnerable and the nation's fragmented, battered health-care system.

However, a number of countries have recently begun lifting their domestic states of emergency, such as the United States. WHO Director-General Dr Tedros Adhanom Ghebreyesus has said he hopes to end the international emergency this year. One source close to negotiations said lifting the "public health emergency of international concern", or PHEIC, label could impact global funding or collaboration efforts. "I expect WHO to end the public health emergency of international concern. If WHO does not end it... [this time], then certainly the next time the emergency committee meets."

☆ The Treasury market is starting to price in the possibility of a US debt default in July
▼ + stars: | 2023-04-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The Treasury market is starting to price in the possibility of a US debt default later this summer. The difference in yields between US Treasury bills maturing in May and July hit a record 1.49%. "Investors are likely demanding more to hold those securities at risk of delayed payment," LPL Research said. The one-month Treasury bill currently yields about 3.71%, compared to 5.14% for a 3-month Treasury bill. A similar scenario could play out this time as Republicans show no signs of working with Democrats to pass a debt limit increase, despite continued remarks from both sides of the aisle that a US debt default "is not an option."

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☆ An indicator with a 94% accuracy rate says stocks will finish 2023 positive, according to $1 trillion LPL. Here's their top pick for where to put your money right now — and 5 other areas of the market
▼ + stars: | 2023-04-06 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

The December Low Indicator just signaled stocks should finish 2023 in the green. The indicator also shows the S&P 500 could return well above 10% this year. A stock-market signal with a 94% accuracy rate just delivered good news: there's a high chance stocks finish positive in 2023. The S&P 500 returned more than 7% in the first quarter, so it's well on its way to a double-digit year." The Vanguard Industrials ETF (VIS) and the iShares S&P 500 Value ETF (IVE) offer exposure to the above areas of the market.

☆ Biden administration appeals Texas court decision striking down free Obamacare coverage of preventive care
▼ + stars: | 2023-03-31 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

The Biden administration on Friday appealed a Texas federal judge's decision to strike down free Obamacare coverage of preventive health-care services ranging from screenings for certain cancers and diabetes to HIV prevention drugs. HHS estimates that 150 million Americans benefited from the free screenings, counseling, medications and other forms of health care that prevent disease under the Obamacare requirements. Working class Americans will get hit the hardest and might forgo essential health care because they can't afford the cost, Gostin said. O'Connor ruled that Obamacare cannot mandate free coverage of health care recommended by the Preventive Services Task Force because the organization's members were appointed in an illegal manner. They also argued the Preventive Services Task Force was appointed in an unconstitutional manner and therefore its recommendations cannot serve as the basis of an Obamacare mandate.

ORLANDO, Florida, March 29 (Reuters) - U.S. money supply is falling at its fastest rate since the 1930s, a red flag for the economy and financial markets. In seasonally-adjusted terms, M2 money supply fell 2.4% from the same month last year to $21.063 trillion. Money growth started slowing in early 2021 as base effects from the fiscal and monetary splurge to tackle the coronavirus pandemic kicked in. Money supply was considered a less reliable basis for policymaking. If deposits fall, banks must reduce lending to match their assets and liabilities, so the impact on M2 money supply is less clear-cut.

☆ The FDA's power to approve drugs faces sweeping challenge in lawsuit seeking to pull abortion pill from U.S. market
▼ + stars: | 2023-01-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

The Alliance for Hippocratic Medicine asked a federal district court in Dallas late last year to declare the FDA approval unlawful and completely remove the abortion pill from the U.S. market. If the lawsuit prevails, women across the U.S. would lose access, at least temporarily, to the most commonly used abortion method. Judge Matthew Kacsmaryk is hearing the challenge to the FDA's approval of the abortion pill. Lawrence Gostin, an expert on public health law at Georgetown Law, said it would be "highly irresponsible" and "reckless" for a judge to overturn the FDA approval of mifepristone. Under federal law, lawsuits against the U.S. government must be filed within six years of an agency action.

☆ WHO recommends that China monitor excess COVID-19 mortality
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +2 min

LONDON/GENEVA, Jan 16 (Reuters) - The World Health Organization (WHO) said on Monday it recommended that China monitor excess mortality from COVID-19 to gain a fuller picture of the impact of the surge in cases there. China said on Saturday that nearly 60,000 people with COVID-19 had died in hospital since it abandoned its zero-COVID policy last month, a big jump from the figures it reported prior to facing international criticism over its COVID-19 data. "WHO recommends the monitoring of excess mortality, which provides us with a more comprehensive understanding of the impact of COVID-19," the U.N. agency told Reuters in a statement when asked about China. "This is especially important during periods of surges when the health system is severely constrained." "But it would be even more important to get full GSD (genetic sequence data) of circulating virus in China.

However, the WHO has said gaps in data might be due to Chinese authorities simply struggling to tally cases. Some estimates predict large numbers of deaths ahead and China has been racing to bolster its health system. Lawrence Gostin, a law professor at Georgetown University who follows the WHO closely, called the missing data "highly suspicious". "It's hard to criticise China when there's other countries that haven't reported COVID cases (at all)," he said. "I wouldn't like to say that China is actively not telling us what's going on.

☆ Stock futures rise slightly after major averages extend losses to start the week
▼ + stars: | 2022-12-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Stock futures were slightly higher on Monday night. Futures tied to the Dow Jones Industrial Average gained 44 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures edged higher by 0.1% and 0.2%, respectively. Last week, the central bank raised its benchmark interest rate by 50 basis points and policymakers indicated the terminal rate could rise as high as 5.1%. A handful of big companies will report their quarterly results this week ahead of the Christmas holiday.

☆ Fed Rate Increases Upended Funding Markets in 2022. Here’s What CFOs Can Expect in 2023.
▼ + stars: | 2022-12-14 | by ( Nina Trentmann | ) www.wsj.com time to read: +9 min

Here’s a look at how different financing instruments fared in 2022 and what’s ahead for 2023. Activity in the convertible debt market has picked up in recent weeks. Still, there could be financing opportunities for deals in 2023 in the form of syndicated loans, bankers said. “CFOs have to be aware of that and focus on cash conversion and margins,” he said, pointing to the increase in financing costs. “We expect deals will continue to get done,” he said, adding that those could however come with more oversight from lenders.

☆ Director Ang Lee will direct his son, playing Bruce Lee in biopic
▼ + stars: | 2022-11-30 | by ( Brahmjot Kaur | ) www.nbcnews.com time to read: +3 min

Ang Lee, the Academy Award-winning director of “Brokeback Mountain” and “Life of Pi,” is set to direct an upcoming film about the Chinese American martial arts icon Bruce Lee. Mason Lee, the son of Ang Lee, will play Bruce Lee in Sony’s 3000 Pictures film. At 13, he went on to study wing chun kung fu under the renowned master Yip Man, according to the Bruce Lee Estate. He also developed his own martial art during this time called Jeet Kune Do, the Bruce Lee Foundation's website said. After “The Green Hornet” was canceled, Bruce Lee struggled to find work in Hollywood and returned to Hong Kong to pursue a film career.

☆ Actor Michael J. Fox accepts honorary Oscar for Parkinson's advocacy
▼ + stars: | 2022-11-20 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

[1/5] Actor Michael J. Fox accepts the Jean Hersholt Humanitarian Award at the 13th Governors Awards in Los Angeles, California, U.S., November 19, 2022. REUTERS/Mario AnzuoniLOS ANGELES, Nov 19 (Reuters) - Actor Michael J. He later curtailed his acting career and founded the Michael J. Fox Foundation for Parkinson's Research to help fund the search for a cure in 2000.

LONDON, Nov 17 (Reuters) - Pharmaceutical companies could be made to disclose prices and deals agreed for any products they make to fight future pandemics, under new rules being drawn up by the World Health Organization and reviewed by Reuters. During the pandemic, many deals that governments made with pharmaceutical companies have been kept confidential, giving them little scope to hold drugmakers accountable. A spokesperson for the WHO said it was member states that were driving the current process towards a new agreement. "The process is open, transparent, and with the input from other stakeholders, including any interested stakeholders and public, able to submit comments at public consultations." The draft will be presented to them in full in a meeting on Friday, after being circulated earlier in the week.

☆ Millions at risk of losing health insurance if U.S. ends Covid public health emergency in January
▼ + stars: | 2022-10-19 | by ( Spencer Kimball | ) www.cnbc.com time to read: +13 min

The Health and Human Services Department will give the public 60 days notice before lifting the public health emergency, Becerra said. The health emergency also allowed millions of people to receive increased food benefits through the federal government's nutrition program. When the public health emergency does end, HHS estimates up to 15 million people will be disenrolled from Medicare and the Children's Health Insurance Program. Millions to lose Medicaid coverageThe most dramatic impact from ending the public health emergency will fall on people enrolled in Medicaid and the Children's Health Insurance Program. Trump administration Health Secretary Alex Azar activated the FDA's emergency authorization powers in March 2020, about two months after first declaring the public health emergency.

☆ A view from Greenwich: Big investors from Bridgewater, Apollo, and Ares are preparing for when, not if, a recession hits
▼ + stars: | 2022-10-13 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +5 min

At the Greenwich Economic Forum on Tuesday, big investors said they expected a downturn. Many big investors anticipate a lighter recession than in the past as the Fed hikes interest rates. And while it's held in the hedge fund capital of the world, private credit dominated discussions. Some investors, like Lawrence Golub, chief executive of $55 billion credit asset manager Golub Capital, expect a period of low growth but no severe recession. It's going to be one where there's some economic growth in various parts of high-end consumer, or other areas," he said.

☆ U.S. two-year yield at almost 15-year high before Fed meeting
▼ + stars: | 2022-09-20 | by ( Herbert Lash | ) www.reuters.com time to read: +4 min

read moreYields on the benchmark 10-year Treasury shot up 11.1 basis points to 3.600%, having only topped 3.5% for the first time in 11 years on Monday. The two-year yield rose 4 basis points to 3.986%. The gap later narrowed to -39.0 basis points. The two- and 10-year yield inversion, when the short end is higher than the long end, often has been seen as a reliable predictor of a recession in a year or two. The yield on the 30-year Treasury bond was up 10.7 basis points to 3.612%.

Deja a trecut un an de când COVID-19 a creat și a trimis mai multe valuri de șoc în întreaga lume, perturbând percepția tuturor asupra ceea ce constituie „normalitate”. Cadre universitare, activiști și lideri din OMS (Organizația Mondiala a Sănătății) și OMC (Organizația Mondială a Comerțului) au acuzat țările bogate de „naționalismul vaccinului”. Un rezultat al colaborării dintre OMS, GAVI (Alianța Globala pentru vaccinuri și imunizări) și CEPI (Coaliția pentru inovații în domeniul pregătirii pentru epidemii), COVAX are ca scop „accelerarea dezvoltării și fabricării vaccinurilor COVID-19 și garantarea accesului corect și echitabil pentru fiecare țară din lume”. Este o catastrofă morală și o criză umanitară atunci când profitul câtorva producători devine o prioritate, în defavoarea vieților a miliarde de oameni. Câțiva ani în sectorul privat au fost suficienți pentru a o convinge să își schimbe direcția.

Persons: OMS, Dr, Tedros, Lawrence Gostin, Dr . Roselyn, Martin, pandemia, PAM, Dr . Tedros, Fundația Bill, Melinda Gates, Asia Russell, Jesse Bump, Catana, . Ea Organizations: OMS, Organizația Mondiala, Sănătății, OMC, Organizația Mondială a Comerțului, UE, Universitatea din, Organizația Internațională, Muncii, Universitatea Oxford, Fundația, Universitatea Harvard Locations: Vest, Canada, SUA, Georgetown, Britanii, Universitatea din Oxford, Africa, India, Africa de Sud, Oxford, Asia, Britanie, Amsterdam, Copenhaga

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