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☆ Russian manufacturer test-flies prototype widebody passenger airplane
▼ + stars: | 2023-11-08 | by ( Barry Neild | Anna Chernova | ) edition.cnn.com time to read: +4 min

CNN —Russia’s leading aircraft manufacturer says it’s completed a successful test flight of a new widebody passenger airplane that it claims could replace Western aircraft in the country’s skies. UAC, which oversees Russian aviation brands including Tupolev, Ilyushin and Sukhoi, said the plane will be capable of carrying up to 370 passengers, a capacity that would put it alongside the likes of Airbus’ A340 or Boeing’s 777. As of 2022, only 144 active Russian airline planes were built in Russia, according to data provided by aviation analytics firm Cirium. “Although Moscow won’t admit it, the sanctions that followed the Ukraine invasion have really damaged Russian aviation,” Murdo Morrison, head of strategic content at FlightGlobal, tells CNN. Addressing concerns, Russia’s Ministry of Transport said at the time that flight safety on Russia-operated aircraft meets international standards.

Persons: CNN —, it’s, ”, Denis Manturov, Vladimir Putin, Murdo Morrison, ‘, Yuri Slyusar, FlightGlobal’s Morrison Organizations: CNN, CNN — Russia’s, United Aircraft Corporation, UAC, Russian, Tupolev, Sukhoi, Airbus, Russia, Boeing, Bombardier, Embraer, Moscow, ”, Ural Airlines, International Civil Aviation Organization, Russia’s Ministry of Transport Locations: Ukraine, Russia, “, Russia’s Novosibirsk, Bhutan, Congo, Liberia, Moscow

☆ Damage to ancient Hadrian’s Wall confirmed after famous UK tree ‘deliberately felled’
▼ + stars: | 2023-11-08 | by ( Francesca Street | ) edition.cnn.com time to read: +2 min

CNN —When a famous British tree was “deliberately felled” in September, pictures showed the trunk lying, horizontal, over part of Britain’s Roman-built Hadrian’s Wall. On Tuesday, Historic England – a government body that oversees preservation of ancient landmarks – confirmed part of Hadrian’s Wall where the felling took place has been damaged. The Sycamore Gap tree was widely photographed and admired prior to the felling. It also confirmed plans to work with the National Trust – a UK charity which also helps look after the site – “on a plan to repair the damage” to Hadrian’s Wall. Meanwhile, the National Trust is welcoming ideas from the public for “the future of the site and the tree” with people asked to get in touch with their suggestions.

Persons: Kevin Costner’s, Robin Hood, Hadrian’s Wall, Ian Forsyth Organizations: CNN, Getty, Historic, UNESCO, Heritage, National Trust Locations: British, Britain’s, Northumberland, England, Hadrian’s, Historic England, Roman

☆ Student-loan forgiveness and cheaper monthly payments are on the line as the GOP's plan to slash Education Department funding moves forward
▼ + stars: | 2023-11-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

House Republicans proposed a bill to cut funding for the Education Department. AdvertisementAdvertisementFunding cuts could be coming for the Education Department, and key programs for student-loan borrowers are at risk. These funding cuts would come just over a month into federal student-loan borrowers' return to repayment after an over three-year pause. The GOP appropriations lawmakers, however, wrote that the "Department diverted taxpayer resources for its partisan, costly student loan policies, when it needed to be preparing for an orderly resumption of Federal student loan payments." "The Department repeatedly delayed the return to loan repayment, which generated uncertainty and undermined a timely and orderly restart of loan payments," they wrote.

Persons: —, Biden, Virginia Foxx, Ben Miller Organizations: Republicans, Education Department, Service, Labor, Health, Human Services, Education, Federal Student Aid, GOP

☆ Where are the 12 US gov't funding bills to avert shutdown?
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +7 min

But first, the House and Senate would have to agree upon the overall dollar amount of spending for the 12 bills combined. The Senate passed its version as part of a three-bill package on Nov. 1 with strong bipartisan support. DEFENSEOne of the largest of the 12 bills funds the Department of Defense - the Army, Navy, Air Force and the CIA. The Senate's version passed out of committee on July 27. The Senate's version passed out of committee on July 27.

Persons: Jon Cherry, shutdowns, Joe Biden, Biden, Kevin McCarthy, Moira Warburton, Aurora Ellis Organizations: U.S . Capitol, REUTERS, Rights, Democratic, Republican, Senate, of Veterans Affairs, Army, Navy, Air Force, U.S . Department of Agriculture, Food and Drug Administration, of Transportation, Federal Aviation Administration, Department of Housing, Urban, House Republicans, Amtrak, Department of Defense, CIA, Department of Energy, Nuclear Regulatory, of, of Indian Affairs, Land Management, Environmental Protection Agency, The, Department of Homeland Security, FBI, Federal Emergency Management Agency, Department of State, Agency for International Development, Peace Corps, Congress, Capitol Police, of Congress, Office, Treasury, of Columbia, Federal Trade Commission, COMMERCE, of Commerce, U.S . Census, U.S . Patent, Department of Justice, Republicans, HUMAN, of Education, Department of Health, Human Services, Department of Labor, Social Security Administration, National Labor Relations Board, Thomson Locations: Washington , U.S, United States, New York, U.S, Washington

☆ How shipping more US natural gas to Europe helped fuel CO2 pollution
▼ + stars: | 2023-11-08 | by ( Tim Mclaughlin | ) www.reuters.com time to read: +6 min

The administration approved five U.S. LNG export licenses to serve the European market following Russia's invasion, having approved none beforehand. U.S. special climate envoy John Kerry told Reuters last year that greenhouse gas emissions were an inevitable "downside" to increasing LNG exports to European allies. CO2 emissions from the energy-intensive process of liquefying gas for export mark only one stage in the industry's overall climate impact. Critics argue that it is unclear whether the U.S. gas export boom to Europe is displacing coal or delaying a transition to renewables like solar and wind. NextDecade Corp has said its proposed terminal near Brownsville, Texas, could remove more than 90% of its expected 6.4 million tons per year of carbon emissions.

Persons: Arathy, Biden, John Kerry, Robert Fee, Critics, Alexandra Shaykevich, Sempra, Susan Richardson, Tim McLaughlin, Richard Valdmanis, Suzanne Goldenberg Organizations: Reuters, Cheniere Energy, United, U.S . Environmental Protection Agency, Federal Energy Regulatory, Biden White, LNG, The Energy Department, FERC, U.S, Energy Information Administration, Reuters Graphics, Washington, Venture Global, CCS, SEC, Talos Energy, NextDecade, Thomson Locations: Freeport, U.S, Freeport , Texas, United States, Russia, Ukraine, Europe, Texas, Cameron, Louisiana, Brownsville , Texas

The price valued the company at $223.5 billion, about 26% lower than a valuation a year earlier, the Reuters report said. Last year, ByteDance was valued at $300 billion in a buyback program offered to its non-U.S. employees. The latest $160 price is higher than the $155 price set in an earlier April buyback, the person added. A ByteDance spokesperson confirmed the share buyback plan for employees outside the U.S., saying it aimed to provide liquidity options for staff through such programs. Buybacks allow employees to cash in shares without waiting for the company to list on the stock market.

Persons: Aly, ByteDance, Brenda Goh, Josh YE, Mark Potter Organizations: REUTERS, Rights, Reuters, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONG KONG, United States, U.S, Hong Kong

☆ UBS dragged into the red with Credit Suisse takeover
▼ + stars: | 2023-11-07 | by ( Noele Illien | ) www.reuters.com time to read: +3 min

ZURICH, Nov 7 (Reuters) - UBS Group (UBSG.S) posted a $785 million loss in the third quarter after expenses tied to the Swiss bank's takeover of Credit Suisse while signalling that its core wealth business is stabilising. Stripping out the impact of the takeover, UBS made an underlying profit of $844 million. With the takeover, UBS now oversees more than $5 trillion in assets. It has been working to recover from the exodus of client funds from Credit Suisse with above-market rates on deposits. It also continued to cut staff, which accounted for a big chunk of the more than 2 billion Swiss francs ($2.22 billion) of costs related to integration.

Persons: Sergio Ermotti, Goldman Sachs, Colm Kelleher, Noele Illien, John O'Donnell, Christopher Cushing Organizations: UBS, Credit Suisse, Goldman, Thomson Locations: ZURICH, Swiss, Switzerland, Zurich

“When you think about a wind turbine, and even fields of wind turbines, they’ll stretch for miles,” said Staff Sgt. Chase Rose, a UH-1 Huey flight engineer at Malmstrom Air Force Base in Montana. The legislation has the support of wind energy advocates, but they caution against a one-size-fits-all approach. The Air Force continues to “support renewable energy efforts to include wind turbines, and we continue to work with energy industry partners to ensure the country’s green energy needs are met,” said Air Force Maj. Victoria Hight, a spokeswoman for F.E. Warren Air Force Base in Wyoming.

Persons: ”, Chase Rose, Jason Ryan, ” Jo Dee Black, ” Black, John Lutton, Victoria Hight Organizations: WASHINGTON, UH, Malmstrom Air Force Base, Air Force, American Clean Power Association, Department of Defense, Energy, Air Force Base, U.S . Air Force, of, ” Air Force, Colorado Rockies, F.E, Warren Air Force Base Locations: Montana, U.S, Nebraska , Colorado , North Dakota , Montana and Wyoming, Wyoming

☆ Exclusive: Activist investor Elliott targets drugmaker BioMarin -sources
▼ + stars: | 2023-11-07 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 7 (Reuters) - Activist investor Elliott Investment Management has built a stake in BioMarin Pharmaceutical (BMRN.O) and has been in discussions with the biotechnology company for months about its future, according to two people familiar with the matter. Elliott declined to comment, while a representative for BioMarin did not immediately respond to a request for comment. BioMarin shares rose 12% to $85.36 on the news in morning trading in New York on Tuesday. Prior to news of Elliott's engagement, BioMarin shares were down 24% year-to-date, significantly underperforming the iShares Biotechnology ETF (IBB.O), which is down 8.6%. Elliott also successfully pushed for drug makers Alexion Pharma (AZN.L) and Allergan (ABBV.N) to be sold.

Persons: Elliott, BioMarin, hemophilia, Jean, Jacques Bienaime, Alexander Hardy, Jefferies, Bienaime, Harvey, Richard Meier, Svea Herbst, Bayliss, Jamie Freed Organizations: Investment Management, BioMarin Pharmaceutical, Biotechnology, Alexion Pharma, Svea, Thomson Locations: BioMarin, San Rafael , California, West Palm Beach , Florida, New York

☆ UBS dragged into the red by Credit Suisse takeover but inflows cheer
▼ + stars: | 2023-11-07 | by ( Noele Illien | ) www.reuters.com time to read: +4 min

ZURICH, Nov 7 (Reuters) - UBS Group (UBSG.S) reported a $785 million loss in the third quarter after expenses tied to the Swiss bank's takeover of Credit Suisse while signalling that its core wealth business is stabilising. "We are executing on the integration of Credit Suisse at pace and have delivered underlying profitability for the group in the first full quarter since the acquisition," said Chief Executive Sergio Ermotti. Analysts at Goldman Sachs had expected $14 billion for the group, with the Swiss bank already disclosing $8 billion for the months of July and August. It has been working to recover from the exodus of client funds from Credit Suisse with above-market rates on deposits. UBS has continued to cut staff, which accounted for a big chunk of the more than 2 billion Swiss francs ($2.22 billion) of costs related to integration.

Persons: Sergio Ermotti, Goldman Sachs, Andreas Venditti, Colm Kelleher, Noele Illien, John O'Donnell, Christopher Cushing, Tomasz Janowski Organizations: UBS, Credit Suisse, Goldman, Thomson Locations: ZURICH, Swiss, Zurich, Switzerland

☆ Does Anyone Know How to Behave on the Subway Anymore?
▼ + stars: | 2023-11-07 | by ( Ana Ley | More About Ana Ley | ) www.nytimes.com time to read: +1 min

“Hearing feedback from New Yorkers, we sort of encapsulated a lot of the things that drive people crazy,” said Shanifah Rieara, who oversees rider satisfaction efforts for the authority. The authority has launched such marketing campaigns perennially. In 2017, the authority gave pregnant women blue-and-yellow buttons with a message asking fellow passengers to offer them a seat. is under pressure to improve service and win riders back, in part because the state has mandated that it do so as part of a budget deal. Transit advocates have said that the authority would need to focus on communicating effectively with riders to keep them happy, and its new marketing campaign aims to do that.

Persons: ”, Shanifah Rieara, Mr, Reyes Organizations: Transit

The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams/File Photo Acquire Licensing RightsNov 6 (Reuters) - U.S. pipeline operator Kinder Morgan (KMI.N) said on Monday it would acquire NextEra Energy Partners' (NEP.N) gas pipelines in South Texas for $1.82 billion. NextEra Energy Partners' (NEP) Texas natural gas pipeline portfolio, STX Midstream, primarily consists of seven pipelines which provide natural gas to Mexico and power producers and municipalities in South Texas. "Upon closing, the proceeds would be sufficient to pay off the outstanding project-related debt," NextEra Energy Partners' CEO John Ketchum said in a statement. The sale price represents an about 10 times multiple on the estimated calendar-year 2023 adjusted core profit for the Texas natural gas pipeline portfolio, NEP said.

Persons: Gary McWilliams, Kinder Morgan, KMI.N, STX Midstream, John Ketchum, Seher Dareen, Sourasis Bose, Shilpi Majumdar Organizations: Kinder Morgan Inc, REUTERS, NextEra Energy Partners, NextEra Energy, Energy Partners, Guggenheim Securities, Thomson Locations: Houston , Texas, U.S, South Texas, Texas, Mexico, Bengaluru

Mr. Blinken sought to maintain those efforts during his trip, which included stops in Israel, Jordan, Iraq and Turkey. “Countries are very much engaged in trying to make sure that that doesn’t happen,” Mr. Blinken said on Monday after meeting with Turkey’s foreign minister, Hakan Fidan, in Ankara. But beyond emphasizing the stakes of any escalation to Iran, Mr. Blinken’s trip appeared to have far more mixed results. The constant stream of images of dead Palestinians has been stoking widespread anger, and Arab leaders affirmed privately to Mr. Blinken that their public talk of a cease-fire wasn’t hollow. They need one immediately, they told Mr. Blinken.

Persons: Antony J, Blinken, Mr, Hakan Fidan, Israel, Biden Organizations: Pentagon, U.S . Central Command, American, Sunday, Central Command, Mr, U.S Locations: Iran, East, United States, Israel, U.S, Jordan, Iraq, Turkey, Ankara, Syria, Gaza, Egypt

☆ How Biden's new student-loan forgiveness plan is trying to keep away some of the lawsuits that threatened the debt relief the first time around
▼ + stars: | 2023-11-06 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department is beginning its second round of negotiations for student-debt relief this week. AdvertisementAdvertisementPresident Joe Biden's Education Department is trying to ensure its second plan for student-debt relief can stand up against legal challenges. "This administration is taking another critical step to advance the President's goal of delivering debt relief to as many borrowers as possible. AdvertisementAdvertisement"Following the lead of Republican plaintiffs who filed suit in court, six Supreme Court justices wrongly blocked the President's first attempt of student debt relief," he said. AdvertisementAdvertisementIn September 2022, about a month after Biden announced his first broad relief plan, the Education Department updated its guidance to state that FFEL borrowers would no longer qualify for the relief.

Persons: —, Joe Biden's, Economic Mobility Robert Gordon, Biden Organizations: Department, Service, Joe Biden's Education Department, Education Department, Higher, Republican, Economic Mobility, Family Education, guaranty, Politico

☆ Meet 4 newly promoted Goldman MDs, including a top advisor to Silicon Valley's VCs and the investment bank's talent whisperer for boards
▼ + stars: | 2023-11-06 | by ( Emmalyse Brownstein | Dakin Campbell | ) www.businessinsider.com time to read: +10 min

Last week, Goldman Sachs inducted 608 employees into its exclusive "MD" club. But the investment bank still made a strong showing. Close to half of the new MDs work for Goldman's all-important global banking and markets (GBM) division, which houses the investment bank. Plus, it's one step removed from partner, which is the highest title at the prestigious investment bank below the C-Suite. Last week, she was one of the 186 women to be promoted to managing director at Goldman Sachs.

Persons: Goldman Sachs, David Solomon, Goldman, There's, Chuck Schumer, Michael Bloomberg, Ilana Wolfe, Goldman Sachs Ilana Wolfe, Goldman who's, Wolfe, Stephanie Cohen, what's, She's, Fereshteh Abbasi, wasn't, Fereshteh Abbabi, Abbabi, Abbasi, I've, Matt Margolin Goldman Sachs Matt Margolin, Matt Margolin, Charles Schumer, — Margolin, Mangolin, Bank of America Merrill Lynch, VCs, Margolin, Jane Mandel Goldman Sachs Jade Mandel, Jade Mandel Organizations: Global Banking, Markets, CDC, Wealth Management, University of Pennsylvania, Stanford, Bloomberg, Bank of America, Barclays, Goldman, Goldman ' San, Asset Management Venture Capital, Growth, Equity Fund, Equity Locations: Solomon, Silicon Valley, Iran, New York, New York City, Goldman ', Goldman ' San Francisco, China, Hong Kong, Asia, America

[1/4] View of the construction site of the Elbtower building, owned by Rene Benko’s Signa and a Commerzbank subsidiary, in Hamburg Germany, November 2, 2023. Signa, the Austrian property giant and an owner of New York's Chrysler Building, had been making steady progress this year on the planned 64-story Elbtower skyscraper in Hamburg. But Signa, founded by René Benko, has fallen behind on its payments to its builder, Lupp, an executive of the construction firm said. The city of Hamburg and a minority investor, the real-estate subsidiary of Germany's Commerzbank (CBKG.DE), confirmed the stoppage. It has also prompted warnings from city officials, and is another indicator of troubles hitting the property sector in Europe's largest economy.

Persons: Rene Benko’s Signa, Fabian Bimmer, René Benko, Matthias Kaufmann, Signa, Germany's, Aon, Timo Herzberg, Karen Pein, Tom Sims Organizations: REUTERS, Rights, Chrysler, Reuters, City, Reuters Graphics, Thomson Locations: Hamburg Germany, Austrian, Hamburg, Europe's, HafenCity, City of Hamburg

[1/2] Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, next to cranes at the APM Terminals in the port of Algeciras, Spain January 20, 2023. REUTERS/Jon Nazca/File photo Acquire Licensing RightsSummaryCompanies Signals sharp downturn in demandTo review share buyback program for 2024Says industry facing overcapacity and lower prices, demandShares down 17.5% to lowest in three yearsCOPENHAGEN, Nov 3 (Reuters) - Shipping group A.P. Moller-Maersk (MAERSKb.CO), reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices, sending its shares tumbling. The industry invested heavily in new container ships during and after the pandemic to meet strong demand and benefit from record freight rates. A large number of new ships entered the market since the summer with no signs of idling or scrapping, said Clerc.

Persons: Jon Nazca, Moller, Vincent Clerc, Clerc, Morten Holm Enggaard, Maersk, Jacob Gronholt, Pedersen, Louise Rasmussen, Johannes Birkebaek, Terje Solsvik, Miral Fahmy, Elaine Hardcastle Organizations: Triple, Majestic, APM, REUTERS, Shipping, Maersk, Walmart, Nike, Jyske Bank, Revenues, Thomson Locations: Algeciras, Spain, COPENHAGEN, North America, Copenhagen

China's delegate to the meeting, Vice Minister of Science and Technology Wu Zhaohui, was present on Thursday, his ministry said on Friday. The Chinese technology ministry declined to say why China did not agree to the proposal, which was about AI model testing. British Prime Minister Rishi Sunak chaired Thursday's meeting that comprised "a small group of like-minded senior representatives from governments around the world", Britain said, including the U.S. vice president and the EC president. Some British lawmakers had criticised China's participation in the inaugural AI summit. Sunak told reporters: "Some said we shouldn't even invite China, others said we would never get an agreement with them.

Persons: Ursula von der Leyen, Kamala Harris, Rishi Sunak, Giorgia Meloni, Antonio Guterres, Yoshua Bengio, Mila, Microsoft Brad, Technology Wu Zhaohui, Wu, Oliver Dowden, Sunak, Paul Sandle, Brenda Goh, Alistair Smout, Cynthia Osterman Organizations: Italy's, UN, Quebec AI Institute, Microsoft, Safety, Science, Technology, Bloomberg, U.S, European Union, Thomson Locations: British, SHANGHAI, LONDON, China, Britain, Beijing, Bletchley Park, England, United States, Bletchley, London, Shanghai

REUTERS/Jon Nazca/File photo Acquire Licensing RightsSummaryCompanies Signals sharp downturn in demandTo review share buyback program for 2024Says industry facing overcapacity and lower prices, demandShares down more than 10% to lowest in three yearsCOPENHAGEN, Nov 3 (Reuters) - Shipping group A.P. Moller-Maersk (MAERSKb.CO), reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices. Shares in the Copenhagen-based group slid 11.1% by 0904 GMT, to their lowest level in three years. The group already warned in August of a steeper decline in global demand for shipping containers by sea this year. Reporting by Jacob Gronholt-Pedersen and Louise Rasmussen, editing by Terje Solsvik, Miral Fahmy, Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

Persons: Jon Nazca, Moller, Vincent Clerc, Morten Holm Enggaard, Maersk, Jacob Gronholt, Pedersen, Louise Rasmussen, Terje Solsvik, Miral Fahmy, Elaine Hardcastle Organizations: Triple, Majestic, APM, REUTERS, Shipping, Maersk, Walmart, Nike, Jyske Bank, Thomson Locations: Algeciras, Spain, COPENHAGEN, Copenhagen

REUTERS/Andrew Galbraith/File Photo Acquire Licensing RightsSHANGHAI, Nov 3 (Reuters) - The European Union Chamber of Commerce on Friday criticised an upcoming trade fair in China as being more of a "political showcase" than about doing business and pushed for more tangible measures to restore confidence among European companies. "It's more a government affairs event, more a marketing event and there's been really little said on business. You can say CIIE has become more of a political showcase rather than a business event," Carlo D'Andrea, the chamber's vice president, told reporters at a briefing in Shanghai. "European businesses are becoming disillusioned as symbolic gestures take the place of tangible results needed to restore business confidence," he said. The European Union's top diplomat, Josep Borrell, visited last month, as have several other top EU officials in recent months.

Persons: Xi Jinping, Andrew Galbraith, Li Qiang, Anthony Albanese, there's, Carlo D'Andrea, Josep Borrell, Brenda Goh, Sonali Paul Organizations: China, REUTERS, Rights, European Union Chamber of Commerce, Australian, European Union, Micron, Nestle, Burberry, Thomson Locations: Shanghai, China, Europe, EU

☆ New York Adds Stiffer Requirements to Cybersecurity Rules
▼ + stars: | 2023-11-02 | by ( James Rundle | ) www.wsj.com time to read: 1 min

Adrienne Harris, the superintendent of the New York State Department of Financial Services, in May. Photo: Anna Moneymaker/Getty ImagesNew York’s financial watchdog published significant updates to its cybersecurity regulations Wednesday, adding strict provisions around board oversight and ransom payments that go further than recent federal rules. The New York State Department of Financial Services, which oversees banks, insurance firms, mortgage brokers and other financial institutions, expanded its initial cybersecurity rules, published in 2017, because rising cyberattacks require stronger protections, said Adrienne Harris , superintendent of financial services, in a statement.

Persons: Adrienne Harris, Anna Moneymaker Organizations: New York State Department of Financial Services

Doctors across the country say it’s rare that migrants receive medical screenings or anything beyond care for medical emergencies when they arrive at the U.S.-Mexico border, and there’s no overarching national system to track the care, either. You have these little islands of shelter,” said Deliana Garcia, of the nonprofit Migrant Clinicians Network, which supported more than 1,000 migrants in need of medical care in the first 10 months of this year. The challenges of careMigrants face a lack of access to steady medical care in the U.S., as well as healthy food and stable housing. Some avoid asking for help entirely out of fear of a large bill or longstanding distrust of the medical system. The shelter system in Massachusetts is so full that the governor brought in the National Guard in August to assist.

Persons: Julio Figuera, he’d, Figuera, ”, Deliana Garcia, “, anyone’s, Craig Williams, Cook, we’ve, Steve Federico, they’re, Federico, ” Federico, Jon Ewing, Ewing, Doctors, they’ve, Garcia, Ted Long, Stephanie Lee, who'd, Lee, ” Lee, Fiona Danaher, Danaher, Brigham, Sophia Tareen, Jesse Bedayn, Shastri, Robert Wood Johnson Organizations: International, Network, Border Patrol, Associated Press, Denver, New York City Health, Denver Health, New York, Penn State, National Institutes of Health, National Guard, Associated Press Health, Science Department, Robert Wood Johnson Foundation, AP Locations: Cook County, Chicago, Venezuela, United States, U.S, Mexico, New York, Los Angeles, Boston, New York City, Denver, Massachusetts, Milwaukee

☆ BlackRock's Rick Rieder: Don't underestimate the resilience of the U.S. economy
▼ + stars: | 2023-11-02 | by ( Natalie Zhang | ) www.cnbc.com time to read: +1 min

BlackRock's Rick Rieder said this week that while the economy is slowing, he believes it can rebound. "I call the U.S. economy, the polyurethane economy because it flexes, adjusts like a Tempur-Pedic bed. It can take some pretty significant shots, and it just rebounds," Rieder told CNBC's "ETF Edge" on Monday. Rieder, who also oversees BlackRock's Global Allocation team, thinks that people are still going to buy equities despite the current demand for Treasury bonds. I don't think so, but I think equities will do their job.

Persons: Rick Rieder, Rieder, CNBC's, I've Organizations: BlackRock's, Treasury Locations: U.S, Europe

LONDON/COPENHAGEN, Nov 2 (Reuters) - Global brewers AB InBev (ABI.BR) and Carlsberg (CARLb.CO) this week played down concerns among some investors that demand for weight-loss drugs may lead to a sharp drop in beer drinking. But AB InBev Chief Executive Michel Doukeris likened the concerns to others, such as how cannabis could disrupt various sectors, which he said were often short-lived. Some clinical trials on rodents have found treatment with GLP-1 agonists reduces alcohol consumption, eases symptoms of alcohol withdrawal and more. AB InBev has a big U.S. business, but earns more revenue in the Middle Americas and has a large footprint in countries like Brazil. Such emerging markets often have lower obesity rates, while weight-loss drugs are unlikely to be available or affordable there any time soon.

Persons: Nordisk's Wegovy, Michel Doukeris, Jacob Aarup, Andersen, Moritz Kronenberger, Janus Henderson, Tom O'Hara, O'Hara, Wegovy, Emma Rumney, Jacob Gronholt, Matthew Scuffham, Alexander Smith Organizations: Global, AB InBev, Carlsberg, Nordisk's, InBev, Reuters, Budweiser, World Health Organization, WHO, Germany's Union Investment, Brewers, Pedersen, Thomson Locations: COPENHAGEN, United States, Brazil, Asia, China, Danish, U.S, London, Copenhagen

Flags with the Novo Nordisk logo flutter outside their Danish company's offices in Copenhagen, Denmark, September 26, 2023. REUTERS/Tom Little/File Photo Acquire Licensing RightsCOPENHAGEN, Nov 2 (Reuters) - Novo Nordisk (NOVOb.CO) on Thursday reported record sales and operating profits for the third quarter but said it would keep in place restrictions on supplies of its hugely popular Wegovy weight-loss drug. Wegovy sales totaled 9.6 billion Danish crowns ($1.36 billion) between July and September, up 28% from the previous quarter and up eight-fold from the same period last year. In August, Novo said the curbs on Wegovy supplies would most likely extend into 2024. Sales grew 29% year-on-year to 58.7 billion Danish crowns ($8.33 billion), while operating profit (EBIT) rose 33% to 26.9 billion, both in line with preliminary numbers released last month.

Persons: Tom Little, Wegovy, Novo, Eli Lilly, Jacob Gronholt, Pedersen, Terje Solsvik Organizations: Novo Nordisk, Danish, REUTERS, Rights, European Union, U.S . Food, Drug Administration, Thomson Locations: Copenhagen, Denmark, U.S, United States

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