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☆ P&G flexes its pricing power again in its latest quarter. Wall Street rewards the stock
▼ + stars: | 2023-10-18 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

P & G's results Wednesday demonstrate that its recent outperformance compared with its staples peers is justified. Quarterly commentary Procter & Gamble delivered on key metrics such as gross margins and organic sales growth. Secondly, excluding declines in China, P & G's volume was up in the rest of the world. Consumers in Western Europe remain relatively resilient, Schulten said, while describing P & G's business in Latin America as "on fire." P & G paid out $2.3 billion in dividends in its fiscal first quarter while repurchasing $1.5 billion worth of common stock.

Persons: Gamble, —, we're, That's, Andre Schulten, it's, Schulten, Jim Cramer's, Jim Cramer, Jim, Joe Raedle Organizations: Procter, Gamble, Wednesday, Dow, Treasury, Walmart, Club, Costco Wholesale, Bunge Limited, Revenue, U.S, Wall, CNBC, Procter & Gamble, Getty Locations: China, U.S, Cincinnati, Western Europe, Latin America, Miami , Florida

The vote for House speaker, once a formality in Congress, has devolved into another bitter showdown for the gavel. Bipartisan groups of lawmakers have been floating ways to operate the House by giving greater power to the interim speaker, Rep. Patrick McHenry, R-N.C., or another temporary speaker. The House had never ousted its speaker before McCarthy, and the lawmakers are in rarely tested terrain. “We can’t sit around and suck our thumbs and hope the world will wait until the House Republicans get their act together,” Gingrich told Fox News' Sean Hannity on his show. “Jim Jordan will be a great speaker,” the former president said outside a courthouse in Manhattan, where he is facing business fraud charges.

Persons: —, Jim Jordan, Donald Trump, Jordan, Jordan's, Kevin McCarthy, “ We're, ” Jordan, Hakeem Jeffries, Jeffries, Patrick McHenry, McCarthy, ”, Newt Gingrich, ” Gingrich, Sean Hannity, John Boehner, “, Hannity, “ Jim Jordan, Joe Biden, Jordan’s, Don Bacon, Murmurs, Steve Scalise, Mario Diaz, appropriator, Ken Buck, Biden, Trump, Kevin Freking, Mary Clare Jalonick Organizations: WASHINGTON, Republicans, Capitol, Democratic, GOP, Republican, Fox News, Trump, Democrat, Biden, Caucus, Ohio State University, Associated Press Locations: Ohio, New York, R, Manhattan, Ken Buck of Colorado, Jordan, Ukraine, Israel

American families saw the largest jump in their wealth on record between 2019 and 2022, according to Federal Reserve data released on Wednesday, as rising stock indexes, climbing home prices and repeated rounds of government stimulus left people’s finances healthier. At the same time, median family income increased by 3 percent between 2018 and 2021 after subtracting out price increases. While income gains were most pronounced for the affluent, the data showed clearly that Americans made nearly across-the-board financial progress in the three years that include the pandemic. But the Fed report, which is released every three years, is considered the gold standard in data about the financial circumstances of households. It offers the most comprehensive snapshot of everything from savings to stock ownership across racial, wealth and age groups.

Organizations: Federal Reserve, Fed’s Survey, Consumer Finances

☆ Amazon begins delivering medications by drone in Texas
▼ + stars: | 2023-10-18 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Amazon Pharmacy customers located in College Station, Texas can now have their prescription medications delivered by drone, the company announced in a blog post Wednesday. Amazon Pharmacy is a full-service pharmacy that patients can access online. In order to be eligible for drone delivery, customers in College Station, Texas will have to sign up for Prime Air and complete a yard survey. Amazon has worked on drone delivery for years, and its efforts have been met with mixed success. But despite internal changes at the company, Amazon said it has successfully delivered "hundreds of household items" to consumers in College Station since late last year.

Persons: Amazon, Andy Jassy Organizations: Amazon Pharmacy, Amazon, Prime Air, Station Locations: College Station, Texas, PillPack

☆ Remittances to Mexico near a record but 'super peso' crimps spending power
▼ + stars: | 2023-10-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A board displays the exchange rates for Mexican Peso and U.S. Dollar in Mexico City, Mexico March 13, 2023. People sending money back to Mexico this year have faced a new challenge: the "super peso." The skyrocketing peso has eroded the purchasing power of households in Mexico who rely on remittances from abroad. "What is truly important for recipients of remittances is not the amount they receive in dollars but the how much they can buy with that in Mexico," Siller Pagaza said. Siller Pagaza estimates that the spending power of remittances in Mexico will decline 9.9% this year, the first drop in a decade and the largest percentage fall in 13 years.

Persons: Lea, Gabriela Siller Pagaza, Siller Pagaza Organizations: U.S, Banco Base Locations: Mexico City, Mexico

☆ Millennials, Gen Z Mistakenly Bet on Inheritance From Boomer Parents
▼ + stars: | 2023-10-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +14 min

When she died, Grandma Sue left the most common form of inheritance, called an accidental bequest, which is simply the money left over when someone dies. The New York Times reported on a coming inheritance wealth boom in 2023, 2019, 2014, 2008, and 1999. Even for families with incomes in the 51% to 90% range of earners, the average inheritance was $46,000 — hardly life-changing money. Researchers have been talking about the coming Great Wealth Transfer for at least a quarter of a century. But the reality is that all the wealth boomers are sitting on probably won't end up fixing our collective financial problems.

Persons: Grandma Sue, Grandma Sue's, —, Xers, Gen Zers, Xer, shouldn't, Edward Wolff of, Maury Gittleman, Wolff, Gittleman, Michael Bloomberg, Warren Buffett, Larry Ellison, Bill Gates, Isabel Sawhill, It's, Penn, there's, they're, Bank of America cardholders, Joseph Smith, haven't, boomer, Ann Logue Organizations: Social Security, Medicaid, Boomers, Federal Reserve, New York Times, Edward Wolff of New York University, US Bureau of Labor Statistics, Federal, Brookings Institution, University of Pennsylvania, Penn, Medicare, Family Foundation, Bank of America, Consumer, Department of, Northwestern Mutual, IRS Locations: Northwestern, Chicago

☆ The Debate Over How Dangerous Trump Rages On - The New York Times
▼ + stars: | 2023-10-18 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +4 min

As the parties have grown racially, religiously, and socially distant from one another, a new kind of social discord has been growing. The increasing political divide has allowed political, public, electoral, and national norms to be broken with little to no consequence. Institutions that empower partisan minorities can become instruments of minority rule. And they are especially dangerous when they are in the hands of extremist or antidemocratic partisan minorities. Its political system spreads power out very broadly, in ways that give many individual players the power to stop things.

Persons: Lilliana Mason, Johns Hopkins, Trump, ”, Steven Levitsky, Daniel Ziblatt, “ Vetocracy, ” Francis Fukuyama, Stanford’s, Fukuyama, ” Fukuyama Organizations: American, Harvard, Constitution, Global, Politics Today, Stanford’s Freeman Spogli Institute for International Studies, House Republicans Locations: America, U.S

Reuters fact-checking unit has identified numerous cases of social media posts using fake images and information about the Israel-Hamas conflict, and others in which confusion rather than deliberate disinformation appears to have heightened tensions. loading* A video of Russian President Vladimir Putin speaking about Ukraine last year was shared this month with fabricated subtitles warning the U.S. not to interfere in the Israel-Hamas conflict. The sheriff’s office said they were "targeted by the suspect due to them being Muslim and the on-going Middle Eastern conflict involving Hamas and the Israelis". Marc Owen Jones, a disinformation expert and professor at Hamad bin Khalifa University in Qatar, said there was often a rise in disinformation during conflicts. Clearly they seem directed at different audiences, but the combined effect is to muddy the waters about the truth in the conflict," he said.

Persons: Khan Younis, Abu Mustafa, Joe Biden, we’ve, Biden, Farida Khan, Al Jazeera, Jazeera, Vladimir Putin, Pink, Gerald Darmanin, Thierry Breton, Rafi Mendelsohn, Abu Obaidah, Tayyip Erdogan, Marc Owen Jones, Hamad, Stephanie Burnett, Stephen Farrell, Hardik, Abdel Fattah Sherif, Neha Mustafi, Jonathan B Mathew, Nidal, James Mackenzie, Andrew Mills, William Maclean, Angus MacSwan Organizations: REUTERS, Al, Hamas, Reuters, Louvre, Facebook, Meta, YouTube, Israel’s Office, State Attorney, Twitter, Palestine, Hamad bin Khalifa University, Hardik Vyas, Thomson Locations: Gaza, AMSTERDAM, LONDON, Israel, ., Al Jazeera, Ukraine, Guatemala, Israeli, New Zealand, kibbutzes, France, In Illinois, London, Middle, Tehran, Turkey, Qatar, Amsterdam, Bangalore, Jerusalem, Doha

☆ For Republicans, Plan D in the House speaker crisis could require Democrats
▼ + stars: | 2023-10-18 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

Hardline Republicans axed Rep. Kevin McCarthy, the man who spent years orchestrating his rise to become House speaker, after he relied on Democrats to help pass a short-term funding bill to keep the government open last month. When McCarthy got the boot, McHenry was elevated to become the powerless temporary speaker – known as speaker pro tempore – able to keep the House in session but not to pass any legislation. The mechanism for such an arrangement could be a simple resolution giving McHenry the temporary power to move appropriations legislation. I asked her by email about why having a temporary speaker would be appealing, and she suggested it’s not a good option, but maybe the least bad option in the face of an institutional leadership crisis. In fact, Postell predicted an even more partisan atmosphere if the House speaker was to permanently become a less powerful position.

Persons: you’ve, here’s, Kevin McCarthy, McCarthy’s, Steve Scalise, McCarthy, Scalise, He’ll, Jim Jordan, couldn’t, Sean Hannity, Jordan, Patrick McHenry, McHenry, –, Mike Lawler, CNN’s Manu Raju, Jordan’s, Newt Gingrich, John Boehner, Paul Ryan –, ” Gingrich, Raju, Hakeem Jeffries, ”, Jeffries, ” Jeffries, Sarah Binder, it’s, ” Binder, bipartisanship, Joseph Postell, Postell, ” Postell Organizations: CNN, Republicans, Caucus, Fox News, ’, Republican, Israel, ”, New York Republican, Republican House, McHenry, Representatives, Brookings Institution, George Washington University, Democrats, Hillsdale College Locations: McHenry, “ America

Lacking the 217 votes he needs to claim the speaker's gavel, Jordan postponed further action until 11 a.m. ET (1500 GMT) on Wednesday, while he scrambled to pressure the 20 fellow Republicans who voted against him on Tuesday afternoon. Tuesday's failed vote meant that the House remains leaderless, as it has been since a handful of Republican insurgents engineered McCarthy's removal. Republicans control the House by a narrow 221-212 margin, giving them little room for error on divisive votes like this one. 3 House Republican, and Patrick McHenry, who is temporarily filling the speaker's chair.

Persons: Republican Jim Jordan, Jordan, Kevin McCarthy, Hakeem Jeffries, Tuesday's, Donald Trump, McCarthy, Jim Jordan, Tom Emmer, Mario Diaz, Balart, Ken Buck, Trump, Joe Biden, Patrick McHenry, Jeffries, McHenry, Pete Aguilar, decry, John Boehner, David Morgan, Makini Brice, Moira Warburton, Katharine Jackson, Andy Sullivan, Scott Malone, Jonathan Oatis, Grant McCool Organizations: Republican, U.S . House, Democratic, Democrats, U.S . Rep, Republicans, New, Scalise, New Republican, Trump, Committee, Biden, Caucus, Ohio State University, Thomson Locations: East, Ukraine, U.S, Washington, New York City, Israel

☆ VIEW Canada's annual inflation cools in September
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +4 min

TORONTO, Oct 17 (Reuters) - Canada's annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries, Statistics Canada said on Tuesday. This beat analysts' expectations for annual inflation to remain at 4.0%. "It's pretty clear that (the central bank) won't be raising rates in my opinion in October. I think if we had gotten another inflation print like August in September - that was the big risk to have another hike. DEREK HOLT, VICE PRESIDENT OF CAPITAL MARKETS ECONOMICS AT SCOTIABANK"I think on a trend basis, the Bank of Canada is behind the inflation wage cycles.

Persons: CLAIRE FAN, MICHAEL GREENBERG, FRANKLIN TEMPLETON, JULES BOUDREAU, MACKENZIE, There's, They'll, DEREK HOLT, Divya Rajagopal, Steve Scherer, Fergal Smith, Denny Thomas Organizations: TORONTO, Statistics, ROYAL BANK, CANADA, Bank of Canada, Business Outlook Survey, ECONOMICS, SCOTIABANK, Thomson Locations: Statistics Canada

Republicans control the House by a narrow 221-212 margin, and all Democrats are expected to vote against him. At least seven Republicans are expected to vote against Jordan, which would leave him short of the 217 votes he needs. "Jim is a tough person and is going to almost prosecute our conservative agenda through America," said Republican Representative Mark Alford. Should Jordan's bid for speaker stall, Republican rivals have identified several alternative candidates, including McHenry, who is presiding over the speaker vote, and No. 3 House Republican Tom Emmer.

Persons: Jim Jordan, Evelyn Hockstein, Republican Jim Jordan, Jordan, Kevin McCarthy, Juan Ciscomani, holdouts, McCarthy, Marc Molinaro, Joe Biden, Jim, Mark Alford, Donald Trump, Ted Lieu, Hakeem Jeffries, Patrick McHenry, decry, John Boehner, Steve Scalise, We've, Don Bacon, McHenry, Republican Tom Emmer, David Morgan, Makini Brice, Moira Warburton, Andy Sullivan, Scott Malone, Gerry Doyle, Jonathan Oatis Organizations: Republicans, Capitol, REUTERS, Rights, House, Republican, U.S ., Caucus, Democrats, Tuesday, New, New York Republican, Democratic, Senate, Security, Committee, Biden, Ohio State University, Thomson Locations: Washington, U.S, Ohio, Israel, Ukraine, tangling, New York, America

Here are key things to know about how Rep. Kevin McCarthy was ousted as House speaker:What happened to McCarthy? McCarthy had been House speaker since January, when he won the gavel after 15 rounds of balloting. Many House Republicans who share some of these ideological views, however, continued to support McCarthy. So many Democrats felt like they didn’t owe him anything, even if a future GOP speaker could be more conservative than McCarthy. Only four Republicans can break with the pack in order for a GOP speaker to be seated.

Persons: Kevin McCarthy, Anna Rose Layden, McCarthy, Republicans –, “, Matt Gaetz, Joe Biden, Gaetz, Republicans squirm, Biden, Hakeem Jeffries Organizations: Capitol, Getty Images Washington, Republicans, Florida, Caucus, California Republican, Democratic Locations: Washington , DC, California, New York

"I felt good walking into the conference; I feel even better now," Jordan, 59, told reporters after meeting with House Republicans for two hours on Monday evening. Eight House Republicans engineered McCarthy's ouster three days after he cut a Sept. 30 deal with Democrats to keep the federal government funded through Nov. 17. Some of Jordan's hardline allies urged their followers to launch pressure campaigns against any Republican representatives who voted against him on Tuesday. House Democrats recoiled at the prospect of Jordan rising to become the chamber's leader. 3 House Republican Tom Emmer, conservative Representative Kevin Hern and acting Speaker Patrick McHenry, who is presiding over the speaker election.

Persons: Jim Jordan, Evelyn Hockstein, Jordan, Kevin McCarthy, Jim, …, Marc Molinaro, Democrats recoiled, MAGA, Katherine Clark, Donald Trump's, Joe Biden, decry, John Boehner, McCarthy, Steve Scalise, We've, Don Bacon, Republican Tom Emmer, Kevin Hern, Patrick McHenry, David Morgan, Makini Brice, Moira Warburton, Andy Sullivan, Scott Malone, Gerry Doyle Organizations: Republicans, Capitol, REUTERS, Rights, U.S . House, U.S ., Caucus, Democrats, Republican, New York Republican, Committee, Ohio State University, Thomson Locations: Washington, Ohio, Israel, Ukraine, tangling, America

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/politics/jim-jordan-needs-to-win-over-final-holdouts-to-clinch-speaker-vote-9256441

Persons: Dow Jones, jim, jordan

☆ Return-to-office appears to be winning, with the proportion of people working from home dropping to its lowest level since the COVID-19 pandemic began
▼ + stars: | 2023-10-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

The proportion of Americans working from home is at its lowest level since the pandemic started. AdvertisementAdvertisementThe proportion of Americans working from home has fallen to the lowest level since the pandemic started, according to Census Bureau data. Bloomberg reported that the proportion of Americans working from home peaked in March 2021. The fall in the proportion of Americans working from home comes amid a continued return-to-office drive as COVID-19 rates fall and employers debate the productivity of working from home. AdvertisementAdvertisementA recent report from Goldman Sachs showed that research studies have divergent conclusions on the effects of remote work on productivity.

Persons: —, Goldman Sachs, Drew Houston, Fortune, Houston, Insider's Rebecca Knight Organizations: Service, Survey, Bloomberg, Trust

☆ CHART OF THE DAY: Here's the simple reason why home prices won't fall anytime soon
▼ + stars: | 2023-10-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

A steady decline in home inventory since 2006 is helping push home prices consistently higher. "Perhaps the housing market is not as interest rate-sensitive now as it historically has been," LPL Financial said. AdvertisementAdvertisementOur Chart of the Day is from LPL Financial, which highlights the ongoing relationship between home prices and existing home inventory. The chart shows that the resilient climb in home prices comes as existing home inventory has been steadily falling. "Perhaps the housing market is not as interest rate-sensitive now as it historically has been."

Persons: —, Patrick Harker, Harker, Jeffrey Roach, Roach Organizations: Service, LPL, Mortgage, Association

☆ Jordan Struggles as Republicans Sink Deeper Into Division
▼ + stars: | 2023-10-17 | by ( Carl Hulse | More About Carl Hulse | ) www.nytimes.com time to read: +2 min

After Republicans pulled the plug on a second speaker vote on Tuesday, Representative Hakeem Jeffries went out to the Capitol steps to castigate Republicans for their predicament. He urged them to work with Democrats to find a solution, though he was not specific what that might be. Mr. Jordan also was apparently rebuffed by Mr. Scalise when he asked for help in converting those still simmering over the treatment of the majority leader. The floor showdown also gave Republicans a taste of what they could expect from Democrats if they did end up going with Mr. Jordan. He served notice that every comment and position Mr. Jordan had made or taken would be hung around the neck of House Republicans who backed him — and 200 did so on Tuesday, even as he fell short.

Persons: Hakeem Jeffries, ” —, Jordan, MAGA, Scalise, McCarthy, Pete Aguilar, Jeffries, Mr, — Organizations: Republicans, Republican, Democrat, Democratic, Ohio Republican Locations: Pete Aguilar of California, Ohio

CNN —Conservative Republican Rep. Jim Jordan of Ohio is bringing the House back to the floor Tuesday to vote on whether he will succeed ousted Speaker Kevin McCarthy and finally end the chamber’s prolonged paralysis amid deep GOP divisions. But it’s not clear whether Jordan can be the one who unifies the fractured House Republican conference, with some lawmakers still opposed. Jordan can now only lose three votes, instead of four, but this is a temporary drop until the Florida congressman returns. “We need to get a speaker tomorrow,” Jordan said Monday after leaving a closed-door GOP conference meeting. Several Republicans – including from districts won by President Joe Biden – declined to say Monday evening whether they would vote for Jordan on the floor.

Persons: Jim Jordan of, Kevin McCarthy, Jordan, Gus Bilirakis, Bilirakis, –, ” Jordan, “, ”, holdouts, Ann Wagner of Missouri, Nicole Malliotakis, Jordan doesn’t, McCarthy, Steve Scalise, Kevin, Steve, Don Bacon of Nebraska, That’s, Mario Diaz, Joe Biden –, Scott Perry of, Scalise, ” Perry, Jim didn’t, Jim Jordan Organizations: CNN — Conservative Republican, Ohio Republican, Republican, Capitol, CNN, GOP, House Republicans, Trump, ” Locations: Jim Jordan of Ohio, Ohio, Florida, Washington, New York, Israel, Jordan

☆ Strong retail sales, factory output point to robust US growth in third quarter
▼ + stars: | 2023-10-17 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSummaryCompanies Retail sales increase 0.7% in SeptemberCore retail sales rise 0.6%; August sales revised upManufacturing production increases 0.4%WASHINGTON, Oct 17 (Reuters) - U.S. retail sales increased more than expected in September as households stepped up purchases of motor vehicles and spent more at restaurants and bars, cementing expectations that economic growth accelerated sharply in the third quarter. Retail sales rose 0.7% last month. Economists defended their forecast for tepid retail sales growth, which they said was based on softening consumer confidence. Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.6% in September. Data for August was revised up to show these so-called core retail sales gaining 0.2% instead of 0.1% as previously reported.

Persons: Eduardo Munoz, Goldman Sachs, Christopher Rupkey, James Knightley, Jay Hawkins, Veronica Clark, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, Federal Reserve, Fed, Reuters, Commerce Department's, ING, BMO Capital Markets, Treasury, Financial, Amazon, Commerce Department, Citigroup, Thomson Locations: New York City, U.S, WASHINGTON, New York, Toronto

☆ Netflix and others have pulled back on hard-hitting documentaries as streamers seek more true crime and 'nothing too political'
▼ + stars: | 2023-10-17 | by ( Lucia Moses | ) www.businessinsider.com time to read: +10 min

"Beyond Utopia" attracted interest at Sundance from streamers like Amazon's Prime Video and Netflix. Interest peaked four years ago at the Sundance Film Festival, fueled by Amazon and Netflix, which paid a record $10 million for the Alexandria Ocasio-Cortez doc "Knock Down the House." In the crime realm, WME advised, Netflix was seeking films based on big, well-known cases and scams like "Dahmer" and "Tinder Swindler." Filmmakers point to streamers' self-censorship and 'cold feet' over sensitive topicsSome filmmakers said there are still champions at the streamers for documentaries that push the envelope. "Beyond Utopia" is among a number of recent films that have been snubbed by the big streamers, despite winning awards and buzz.

Persons: Madeleine Gavin, It'll, It's, Gavin, Hulu, Peter Broderick, Hulu didn't, Sundance fests, Broderick, WME, Dahmer, Ted Hope, Hope, Vanessa Hope, Taiwan's, he'd've, Oscar, Bryan Fogel, Jamal Khashoggi, Thom Powers, it's, Keith Ochwat, Ochwat Organizations: Sundance, Netflix, PBS, Sundance Film, Amazon, Alexandria, Paradigm Consulting, Amazon Prime, Apple, Hulu, Hollywood, Gravitas Ventures, & $ Locations: Joy, Congo, arthouses, Hulu, China, Park City, Syria, Russian, Ukraine, Venice

☆ Trump vows to strip student visas from 'anti-Semitic foreigners' at US colleges if he wins the 2024 election
▼ + stars: | 2023-10-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Trump said he would revoke student visas of "anti-Semitic foreigners" if he wins a second term. The war between Israel and Hamas has prompted calls to get humanitarian aid to Palestinian civilians. Last week, Israel officially declared war against Palestinian militant group Hamas after the group attacked several towns in southern Israel. "Under the Trump administration, we will revoke the student visas of radical anti-American and anti-Semitic foreigners at our colleges and universities and we will send them straight back home." "In the long run, the best way to aid the Palestinian people is for Hamas to be completely destroyed."

Persons: Trump, —, Donald Trump, Israel, Sen, Marco Rubio, Joe Biden, Ron DeSantis, Joe Biden's, Bill Ackman, wouldn't, Les Wexner, Jon Hunstman's, Biden, GOP Sen, Tom Cotton Organizations: Service, Palestinian, Hamas, Florida Gov, NYU, Harvard, Former Utah, University of Pennsylvania, Democratic, GOP, House Democrats Locations: Gaza, Israel, Iowa, Egypt, Palestine

Following the deadly Hamas rampage across southern Israel on Oct. 7, which killed more than 1,300 people, Israel ordered an immediate cut-off of the country’s water supplies to the Gaza Strip. REUTERS/Ahmed ZakotOn Sunday, Israel’s energy minister said that a decision to renew water supplies to parts of southern Gaza was agreed on between Prime Minister Benjamin Netanyahu and U.S. President Joe Biden. On Monday, Hamas said that Israel had yet to resume water supplies for the Gaza Strip despite pledging to do so, while an Israeli official responded that some water was being provided to an area in the south of the enclave. Bar chart comparing the daily water consumption in litres per capita in Gaza and Israel. Map showing 3 desalination plants and 6 wastewater plants in the Gaza Strip.

Persons: Khan Younis, Ahmed Zakot, Benjamin Netanyahu, Joe Biden, Israel, ” Organizations: United Nations, REUTERS, U.S, Health, WHO, Palestinian Central Bureau of Statistics, Water, Palestinian Water Authority, Records, UNSCO Atlas, Sustainable, Resources, Israeli Information Center, Human Rights, World Bank Locations: Gaza, Israel, Sinai, Egypt, B’Tselem, Territories

☆ Leaked email shows Amazon's private label boss moved to a new job internally after the company cut dozens of in-house brands
▼ + stars: | 2023-10-16 | by ( Eugene Kim | ) www.businessinsider.com time to read: +2 min

Amazon's executive in charge of its private-label business has found a new role on the supply chain side, following the company's decision to axe dozens of house brands, Insider has learned. Matt Taddy, formerly Amazon's VP of private brands, is now VP of supply chain optimization technology, also known as SCOT, according to an internal email reviewed by Insider. Amazon's private label business launched dozens of in-house brands in recent years across a number of categories, including clothing, furniture, and electronics. The Federal Trade Commission said in a lawsuit against Amazon last month that the company "degrades its search quality by stacking the deck against third-party competitors of Amazon's private label products." In response, Amazon started significantly scaling back its private label business, and decided to cut many of these brands, according to the Wall Street Journal .

Persons: Matt Taddy, Taddy, Deepack Bhatia, John Felton, Felton, Matt, didn't Organizations: Worldwide Operations, Federal Trade Commission, Amazon, Wall Street, University of Chicago, Microsoft

☆ Israel-Hamas war: Diplomatic aid efforts ramp up for 'strangled' Gaza as regional conflict fears grow
▼ + stars: | 2023-10-16 | by ( Helen Regan Kareem El Damanhoury Eyad Kourdi Abeer Salman Abbaggini | Helen Regan | Kareem El Damanhoury | ) edition.cnn.com time to read: +10 min

“We all know water is life – Gaza is running out of water, and Gaza is running out of life. People walk amid the destruction of houses and streets in Khan Younis, located in the southern Gaza Strip. Meanwhile, Hamas is believed to be holding some 150 Israeli and foreign nationals hostage in the warren of tunnels underneath Gaza. It is also unclear if water is now flowing into southern Gaza. Israeli soldiers gather on and around a tank near Israel's border with the Gaza Strip, in southern Israel on October 15.

Persons: ”, ’, Joe Biden, Philippe Lazzarini, ” Lazzarini, “, Marwan Jilani, Khan Younis, Mohamed Zaanoun, Dominic Allen, ” UNRWA’s Lazzarini, Isaac Herzog, Antonio Guterres, Pope Francis, Ravina Shamdasani, doesn’t, ” Shamdasani, Herzog, Antony Blinken, Benjamin, Netanyahu, Sunday Blinken, China’s, Wang Yi, Israel, Zhai Jun, Jacquelyn Martin, Jordan, United States Michael Herzog, Stéphane Dujarric, Jonathan Conricus, Emmanuel Macron “, Ebrahim Raisi, Warthogs, Ronen Zvulun, Jake Sullivan, ” Sullivan Organizations: Jerusalem CNN, Israel’s, UN, Israel Defense Forces, United Nations Relief, Works Agency, “, CNN, Crescent, Getty, Population Fund, Sunday, Palestinian Health Ministry, UN Human Rights, Reuters, CNN Israel, CNN Sunday, Water Authority, East Sunday, CBS Sunday, US National Locations: Gaza, Jerusalem, Israel, Rafah, Egypt, Khan, Guterres, Cairo, Jordan, nonfunctional, United States, Israeli, Iran, Syria, Israel’s, Lebanon

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