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☆ Biden administration to lower costs for 64 drugs through inflation penalties on drugmakers
▼ + stars: | 2024-06-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

The Biden administration on Wednesday said it will impose inflation penalties on 64 prescription drugs for the third quarter of this year, lowering costs for certain older Americans enrolled in Medicare. President Joe Biden has made lowering U.S. drug prices a key pillar of his health-care agenda and reelection platform for 2024. It is separate from another provision under the law that allows Medicare to negotiate lower prescription drug prices with manufacturers. On average, Americans pay two to three times more than patients in other developed nations for prescription drugs, according to the Biden administration. More than 750,000 Medicare patients use the drugs each year, according to the release.

Persons: Joe Biden, Biden Organizations: National Institutes of Health, Medicare Locations: Bethesda , Maryland

☆ Biden Cabinet officials roll out new plans to cut costs of living ahead of Trump debate
▼ + stars: | 2024-06-26 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden delivers remarks alongside Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo during a Cabinet Meeting at the White House on June 06, 2023 in Washington, DC. President Joe Biden's Cabinet will wrap up a barnstorming tour Thursday after two weeks on the road, touting the administration's economic accomplishments ahead of the Democratic incumbent's first debate against former President Donald Trump. In the 10 days leading up to Thursday's debate, the White House organized 29 public events, featuring more than a dozen top administration officials to promote Biden's economic agenda, a White House official said in a memo announcing the blitz. Not anymore," Neera Tanden, White House domestic policy advisor, said in the release. "Thanks to President Biden's economic plan, the American economy is strong and resilient, with robust economic growth in recent quarters," she said in a speech Monday.

Persons: Joe Biden, Janet Yellen, Gina Raimondo, Joe Biden's, Donald Trump, Lael Brainard, Pete Buttigieg, Neera Tanden, Yellen, Biden's Organizations: White House, Democratic, White, National Economic, Transportation, Seniors Locations: Washington , DC, Georgia , Nevada , Pennsylvania, Michigan, White, Minnesota, American

☆ Amazon can keep its record run going due to a major catalyst — and it's not the cloud
▼ + stars: | 2024-06-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

BofA called out the importance of Amazon's retail margin because it has generated more estimated outperformance than its cloud business Amazon Web Services (AWS). Add on same-day delivery, Jim asked, rhetorically, "Why would you go to the store on the way home when it's at your home." Fifty-one percent of respondents, a survey record, said they opted for Amazon's same-day delivery option. Based on these results, Evercore believes Prime same-day delivery is a "multiplier to purchase frequency and overall spend." The latest Wall Street analysis and thoughts from Jim support the idea of further room for Amazon stock to run higher.

Persons: BofA, Amazon's, Andy Jassy, Jassy, Jim, Evercore, Jim Cramer's, Jim Cramer, Michael M Organizations: U.S, Bank of America, United Parcel Service, FedEx, Web Services, Amazon, Walgreens, Logistics, Adobe Analytics, Club, CNBC, Santiago, Getty Locations: U.S, New York City

☆ How AI could actually make the hiring process more human
▼ + stars: | 2024-06-26 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

This has taken a major toll on the remaining hiring teams, who must now manage overwhelming workloads. For employers, acknowledging the challenges your hiring teams are grappling with, along with the innovative solutions available to them, can ultimately make the hiring process better for everyone involved. Currently, hiring teams are working under economic uncertainty, making companies more hesitant to make long-term hiring decisions. AI can make hiring more efficient and humanChris Hyams, CEO of Indeed, is optimistic about what AI can do for hiring processes by blending AI capabilities with human judgment. How Indeed employs AI responsiblyIndeed's Smart Sourcing platform is a prime example of using AI responsibly to support, not replace, human decision-making in the hiring process.

Persons: Harris, Chris Hyams, We're, " Hyams, Tony Stark, Hyams, it's Organizations: Harris, Bureau of Labor Statistics, Smart, Insider Studios

☆ I'm a real-estate agent in the Hamptons. Here are the hottest spots to see and be seen this summer.
▼ + stars: | 2024-06-26 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

I've been a real-estate agent in New York City, Long Island, and the Hamptons for five years. I'm also on the second season of the HBO show "Selling the Hamptons," and I'm the founder of Finding Space, a weekly newsletter of the trends I'm seeing in real estate. 1 recommendation if you want to be away from the crowds and remain exclusive while having access to the beach and East Hampton. AdvertisementEast Hampton has a bit more to doPeople really gravitate toward East Hampton. These are the Hamptons hot spots for summer 2024I always rave about this Mediterranean-inspired restaurant in East Hampton called Sí Sí.

Persons: —, Jonathan Yarton, It's, I've, I'm, Yarton, Jimmy Fallon, you'll, Bibloquet, Topping Rose, There's, Lauryn Haas Organizations: Service, Hamptons, HBO, Business, Southampton Locations: Rochester , New York, New York City, Long, Europe, NYC, Southampton, East Hampton, Sagaponack, Hampton, There's, Sag, Sag Harbor, Montauk, Amagansett, It's, Bridgehampton, Almond, lhaas@businessinsider.com

☆ A new carbon removal plant will absorb carbon dioxide 99,000 times faster than Earth's oceans
▼ + stars: | 2024-06-26 | by ( Ellyn Lapointe | Jessica Orwig | ) www.businessinsider.com time to read: +6 min

Read previewThe oceans are our planet's largest carbon sink, naturally absorbing about 25% of the carbon dioxide that humans emit. Carbon dioxide removal (CDR) companies like Equatic are trying to harness that natural process to absorb even more. On June 18, Equatic announced it started engineering designs for the world's first commercial-scale, ocean-based CDR plant, Sanders said. The plant could remove carbon dioxide at a rate that's 99,000 times as fast as the oceans. Questions remain about CDR's economic and environmental impactAs ocean-based CDR technology scales up, concerns grow over its environmental impact.

Persons: —, Edward Sanders, Equatic, Sanders, Grace, Weiquan Lin, we're, Sergii Petruk, Jessica Cross, Cross Organizations: Service, Business, National Academies of Science, Engineering, Companies, Boeing, Equatic, Pacific Northwest National Laboratory Locations: LA, Singapore

☆ How Delta made itself America's luxury airline — and what United wants to do about it
▼ + stars: | 2024-06-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +16 min

Rival United Airlines — second to Delta in net profit margins — is circling. Delta plans to open Delta One lounges in Boston and Los Angeles later this year, and is studying airports where it could open others. Like other airlines, Delta accepted billions in federal aid to weather the pandemic. Luxury air travel and the United States didn't go together for many years — and might not still, if you ask well-heeled globetrotters. And at Delta and other airlines, many of the perks for luxury flyers come through lounges.

Persons: Benoit Tessier, Ed Bastian's, Bastian, Ed Bastian, John F, Raymond James, Savanthi Syth, Andrew Nocella, Patrick Quayle, Quayle, Richard Anderson, Anderson, Delta, Barack Obama's, They're, Shai Weiss, Claude Roussel, Joe Biden, United States didn't, Henry Harteveldt, Scott Kirby Organizations: Airbus, Delta Air Lines, Reuters Delta Air Lines, Transportation Department, Rival United Airlines —, CNBC, Delta Air Lines Inc, Bloomberg, Getty, American Express, Kennedy International Airport, United, Boeing, U.S, Labor, Southwest Airlines, U.S ., JetBlue Airways, Delta, Corporate, Northwest Airlines, Endeavor, Virgin, American, Sky Club, New, LaGuardia, Etihad Airways, Singapore Airlines, Atmosphere Research, Airlines, Sky Clubs, Los Angeles International Airport, JFK, American Airlines, JPMorgan, Consumer Electronics, Starbucks Locations: punctuality, New York, Delta, Chicago, Boston, Los Angeles, Dubrovnik, Croatia, Amman, Jordan, Cape Town , South Africa, Atlanta, U.S, Queens, N.Y, United, Tokyo, York, United States, Las Vegas

☆ Citi Wealth's horrible tech is infuriating clients and employees and endangering its turnaround
▼ + stars: | 2024-06-25 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +11 min

But even clients who get through the door can be reluctant to park more assets with Citi, according to a wealth advisor. To understand the extent of Citi Wealth's tech woes and the stakes, Business Insider spoke with 14 current and former employees. Andy Sieg took over Citi Wealth in September after leaving Merrill Wealth Management. Citi Wealth clients are losing their patienceCiti receives 27,000 monthly complaints from wealth customers, according to the audit. Getting bank statements emailed is difficult for Citi private bank clients when it's a matter of checking a box at other major banks.

Persons: —, Andy Sieg, Roth, Ernst & Young, EY, Merrill Lynch, Sieg, Morgan Stanley, Kris, Wells, Mike Mayo, Jane Fraser, Shadman Zafar, Alois Pirker Organizations: Service, Revlon, Citi, Business, Ernst, Citi Wealth, Merrill Wealth Management, Morgan, Citigroup, Apple, Microsoft, Bankers, Employees, Work, Fidelity, Advisors

☆ OpenAI's CTO treats creativity like a problem to be solved — and that itself is the problem
▼ + stars: | 2024-06-25 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement"These people treat creativity like a problem to be solved," he continued. "All these things shouldn't be there in the first place, but all these things are work that some people have to do. "I think we need to have an honest public debate about the advantages, but also the pitfalls and dangers of AI technology," Astray said.

Persons: —, Mira Murati, Jeffrey Blackburn, ChatGPT, Murati, Ed Zitron, Zitron, Boris Eldagsen, OpenAI's DALL, Eldagsen, FABRIZIO BENSCH, Miles, doesn't, OpenAI, Sam Altman Organizations: Service, Business, Dartmouth, OpenAI, Sony, Reuters Locations: OpenAI

☆ Biden administration moving towards allowing American military contractors to deploy to Ukraine
▼ + stars: | 2024-06-25 | by ( Natasha Bertrand | Oren Liebermann | ) edition.cnn.com time to read: +4 min

CNN —The Biden administration is moving toward lifting a de facto ban on American military contractors deploying to Ukraine, four US officials familiar with the matter told CNN, to help the country’s military maintain and repair US-provided weapons systems. The change would mark another significant shift in the Biden administration’s Ukraine policy, as the US looks for ways to give Ukraine’s military an upper hand against Russia. The policy is still being worked on by administration officials and has not received final sign-off yet from President Joe Biden, officials said. Allowing experienced, US government-funded American contractors to maintain a presence in Ukraine means they will be able to help fix damaged, high-value equipment much faster, officials said. The discussions follow a series of decisions the US has made in recent months to try to help Ukraine beat back the Russians.

Persons: CNN —, Biden, Joe Biden, “, ”, Jake Sullivan, Alex Vindman, Donald Trump’s, Vindman, ” Vindman Organizations: CNN, Biden, Russia, ”, Pentagon, State Department, Administration, Ukraine, National, European Affairs, Donald Trump’s National Security Council Locations: Ukraine, Russia, Ukrainian, Poland, Romania, Kharkiv, Iraq, Afghanistan

☆ Antarctic ice sheet: Scientists identify new ‘tipping point,’ warning future sea level rise may be underestimated
▼ + stars: | 2024-06-25 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

A tipping point refers to the threshold at which a series of small changes accumulate to push a system beyond a point of no return. A small increase in ocean temperatures can have a very big impact on the amount of melting, the study found. The study does not give time frames for when the tipping point might be reached, nor does it give figures for how much sea level rise can be expected. A slew of research has looked at the vulnerability of this vast continent to the impacts of the climate crisis. “With every small increase in ocean temperature, with every small increase in climate change, we get closer to these tipping points,” he said.

Persons: ”, Alex Bradley, Bradley, Sebnem, Eric Rignot, Ted Scambos Organizations: CNN, British Antarctic Survey, Nature, Getty, University of California, University of Colorado Locations: West Antarctica, East Antarctica, Antarctica, Anadolu, Irvine, University of Colorado Boulder

☆ New satellite will do double duty monitoring Earth and space weather
▼ + stars: | 2024-06-25 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —Forecasters will soon be able to see real-time mapping of lightning activity on Earth and keep a closer eye on solar storms unleashed by the sun thanks to a new weather satellite. The weather satellite lifted off aboard a SpaceX Falcon Heavy rocket from Kennedy Space Center in Florida at 5:26 p.m. What sets GOES-U apart from other satellites is that it’s carrying a new capability to keep an eye on space weather. The coronagraph will provide continuous observations of the solar corona, or the hot outer layer of the sun’s atmosphere, which is where space weather events originate, said Elsayed Talaat, director of NOAA’s Office of Space Weather Observations. The instrument’s capabilities will allow NOAA’s Space Weather Prediction Center to issue warnings and watches one to four days in advance and “mark a new chapter in space weather observatoions,” Talaat said.

Persons: ”, Ken Graham, Elsayed Talaat, ” Talaat, Steve Volz, ” Graham, Sullivan, Pam Sullivan Organizations: CNN, NASA, National Oceanic, Atmospheric Administration, Environmental, SpaceX, Kennedy Space Center, NOAA, National Weather Service, YouTube, GOES, Atmospheric Imaging, NOAA’s, Service Locations: Florida, Africa, New Zealand, Central, South America, Caribbean

☆ A millennial who switched from working on oil rigs to wind turbines says he's been promoted faster in renewable energy
▼ + stars: | 2024-06-25 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

He completed several years of training before heading off to work on offshore oil rigs. Moray West Offshore Wind Farm – Ocean WindsHe made the jump at a good time. Moray West Offshore Wind Farm — Ocean Winds. Mitchell said he'd been able to advance his career in the wind industry a lot faster than in oil and gas. "With offshore wind, there's always new sites going up, and they need so much personnel.

Persons: Shaun Mitchell, Halliburton, Shaun Mitchell wasn't, Mitchell, You'd, you'd, Vestas, Engie that's, He's, it's, he'd, It's Organizations: Service, Halliburton, North East Scotland College, Bloomberg, EDP Renewables, Engie Locations: Scotland, Thailand , New Zealand, Australia, Sydney, Aberdeen, Aberdeen Bay, Moray, Scotland —, China, Britain, Brazil, Colombia, Egypt, India, Japan, Kenya, South Korea, Vestas

☆ Are you better off than you were four years ago? It can be a murky picture for many
▼ + stars: | 2024-06-25 | by ( Shannon Pettypiece | ) www.cnbc.com time to read: +9 min

But retirees and full-time caregivers have been unable to take advantage of a strong job market. Now, consumers are largely left with the same buying power they had four years ago rather than having seen real income gains over that time that would have helped bolster their financial picture. The outlook for the job market also varies by race with the unemployment rate at 5.6% for Black workers and 5% for Hispanic workers. Food prices have risen around 25% over the past four years while Biden was in office. The rise in food prices has disproportionately impacted lower-income households, which spend around a third of their discretionary income on food, according to a 2022 Agriculture Department survey.

Persons: Joseph Prezioso, Joe Biden, Donald Trump, Ronald Reagan, Julia Pollak, Pollak, Joseph Davis, Biden, MAGA, Julian Assange, Trump, Davis Organizations: Gloucester High School, AFP, Getty, Homeowners, ZipRecruiter, NBC, Consumer, Vanguard, NBC News, Food, Bureau of Labor statistics, Agriculture, Federal Reserve, Walmart, Aldi, Target, Gas Locations: Gloucester , Massachusetts, U.S, Arizona, Nebraska , Colorado

☆ Weak yen: Japanese policymakers 'caught in a bind,' wealth management firm says
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWeak yen: Japanese policymakers 'caught in a bind,' wealth management firm saysDaryl Liew, head of portfolio management at SingAlliance, says the Bank of Japan could hike interest rates at a faster pace to stem the yen's weakness, but "extremely high" debt levels would mean Japan would face pressure "from a fiscal perspective, which would then put pressure on the yen as well."

Persons: Daryl Liew Organizations: Bank of Locations: SingAlliance, Bank of Japan, Japan

☆ Ground robots may be the 'next game-changer technology' of the war, senior Ukrainian official says
▼ + stars: | 2024-06-24 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Read previewUkraine has its eyes set on a dynamic fleet of ground robots to fight alongside — and, sometimes, instead of — its soldiers in combat as Kyiv continues growing its arsenal of unmanned systems. Multiple ground robots at a UNITED24 summit. UNITED24The new ground combat robots can assault and defend positions, as well as conduct surveillance and reconnaissance, all while being operated remotely from up to two-and-a-half miles away. Ground robots have even been involved in drone-on-drone combat, underscoring a level of depth and sophistication to these operations. The evolution of unmanned systems has been one of the defining elements of the Ukraine war.

Persons: —, Mykhailo Fedorov, Fedorov, there's, " Fedorov Organizations: Service, Business, Systems, Technologies Locations: Ukraine, Ukrainian, Russian, Russia, Western

☆ ‘We are happy he’s buried in Mecca,’ says daughter of man who died in Hajj heat wave
▼ + stars: | 2024-06-24 | by ( Heather Chen | ) edition.cnn.com time to read: +5 min

Sentono had registered for the Hajj in 2018 and traveled to Mecca with his 83-year-old wife and neighbors from the Indonesian city of Yogyakarta, Jumartiyah said. Some 241,000 Indonesian pilgrims were scheduled to make the journey to Mecca this year, according to Indonesian officials – the country’s largest ever quota. Mecca, the holy city that is central for Hajj pilgrims, saw temperatures soar to a record 125 degrees Fahrenheit (51 Celsius) on Monday. “Everybody is affected by deadly heat and sadly I am not surprised by (the Hajj) death toll,” he added. “Spending time outdoors in the extreme Mecca heat is risking death … so I am afraid there will be more deadly Hajj pilgrimages in the future.”

Persons: Heru Jumartiyah, Ngatijo Wongso Sentono, ”, Sentono, Jumartiyah, “, ” Jumartiyah, Pariyem, –, CNN ‘, Ahmad, Maximiliano Herrera, ” Herrera Organizations: CNN, Saudi, Indonesian Ministry of Religious Affairs Locations: Indonesian, Mecca, Indonesia, Mina, Yogyakarta, Hajj, Saudi, Saudi Arabia, ”

☆ Courts halt parts of Biden’s student loan repayment plan
▼ + stars: | 2024-06-24 | by ( Katie Lobosco | ) edition.cnn.com time to read: +1 min

Two lawsuits filed by Republican-led states argue that the Biden administration overstepped its authority when it implemented the SAVE (Saving on a Valuable Education) repayment plan. Two parts of the SAVE plan will be on pause until the cases are fully litigated. The Biden administration cannot cancel any more federal student debt for borrowers enrolled in the SAVE plan. Under the plan, borrowers qualify for debt forgiveness once they make at least 10 years of payments. The Biden administration will also be blocked from implementing further provisions of the SAVE plan.

Persons: Biden Organizations: Washington CNN, Republican, SAVE, of Education Locations: Kansas, Missouri

☆ How to Live to 100: An expert warns against taking health advice from centenarians
▼ + stars: | 2024-06-24 | by ( Brady Elliott | University Of Westminster | ) edition.cnn.com time to read: +6 min

It seems obvious but survivorship bias is everywhere in society. We’re currently studying over 65-year-olds who have maintained unusually high levels of exercise into older age and have maintained excellent health. READ MORE: Why married people live longerWhile we know that their lifelong exercise is associated with their unusually good health into older age, we can’t directly say one causes the other yet. But often, like in survivorship bias, we’re not looking at all the data, and so finding patterns where there are none. Bradley Elliott receives funding from the Physiological Society, the British Society for Research on Ageing, the Altitude Centre, and private philanthropic individuals.

Persons: Bacon, Abraham Wald, Wald, “, ”, That’s, We’re, Bradley Elliott Organizations: CNN, Physiological Society, British Society for Research, Ageing

☆ Slowing down will enable you to move faster says Lego CMO Julia Goldin
▼ + stars: | 2024-06-24 | by ( Julia Hood | ) www.businessinsider.com time to read: 1 min

Link icon An image of a chain link. It symobilizes a website link url. Link icon An image of a chain link. Copy LinkTwitter LinkedIn icon LinkedIn Link icon An image of a chain link. Twitter LinkedIn icon LinkedIn Link icon An image of a chain link.

☆ Simone Manuel wins 50m freestyle at US Olympic swimming trials as she continues return from overtraining syndrome
▼ + stars: | 2024-06-24 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Simone Manuel claimed a tight victory in the women’s 50-meter freestyle at the US Olympic swimming trials on Sunday, edging out Gretchen Walsh by 0.02 seconds. Manuel, a five-time Olympic medalist, recorded a time of 24.13 seconds at Indianapolis’ Lucas Oil Stadium, almost half a second faster than her qualifying time. Having already earned a spot at this year’s Paris Olympics as a relay swimmer, the victory means that Manuel will also contest an individual event at her third Games. Al Bello/Getty ImagesAt the 2016 Rio Olympics, Manuel became the first Black woman to win a gold medal in an individual swimming event with her joint victory in the 100m freestyle, while she also won silver in the 50m freestyle. The Paris Olympics get underway on July 26, with swimming events beginning the follow day.

Persons: CNN — Simone Manuel, Gretchen Walsh, Manuel, overtraining, “, ” Manuel, Al Bello, –, Bobby Finke, David Johnston, Luke Whitlock Organizations: CNN, Indianapolis, Lucas Oil, Tokyo Games, Paris, Games, Paris Olympics Locations: Texas, Tokyo

☆ Apple has been doing some soul-searching around its next big product
▼ + stars: | 2024-06-24 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

When the Vision Pro headset launched in February, the $3,500 price tag and lack of a really great app gave mainstream consumers pause. Since then, Apple has been considering ways to push the headset product line forward and attract new customers, Bloomberg reported on Sunday. AdvertisementThe seemingly lackluster response to the expensive Vision Pro launch has led execs working on the product to do a bit of soul-searching about the way forward for the headset, Bloomberg said. They want to make Vision Pro a more mainstream product, with options at higher and lower prices. Bloomberg said Apple has spent years working on a headset that would cost $1,500 to $2,000, which could be released by the end of 2025.

Persons: —, ChatGPT, Apple, Meta's Ray, it's Organizations: Service, Apple, Bloomberg, Business, Apple Intelligence, Worldwide, Conference, Vision, Apple Watch, Vision Pro

☆ Drawn-Out Heat Wave Expected to Finally Let Up in Many Parts of the U.S.
▼ + stars: | 2024-06-24 | by ( Isabelle Taft | ) www.nytimes.com time to read: +1 min

The unusually early heat wave that shattered temperature records across the Northeast, Mid-Atlantic States and Midwest last week is expected to subside by Monday, bringing relief to tens of millions of Americans. The National Weather Service forecast lower temperatures for much of the Mid-Atlantic on Monday. Philadelphia is also expected to have a much lower heat index value, at 82 degrees, down from 104 on Sunday, forecasters say. Places like Baltimore and Dulles, Va., broke daily temperature records two days in a row. But regions in the Southeast and Southern Plains are expected this week to remain hot — possibly at dangerous levels — with potential highs in the low 100s, according to the Weather Service.

Organizations: National Weather Service, Weather Service Locations: States, Midwest, Washington, Philadelphia, Trenton , N.J, East Coast, Baltimore, Dulles, Va, Southeast, Southern Plains, Kansas , Oklahoma , Arkansas , Mississippi , Alabama, Georgia, Florida

☆ This technology could transform one of the world’s dirtiest industries. Experts say it’s way off pace
▼ + stars: | 2024-06-23 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +11 min

This complex will be world’s first large-scale “green steel” project, according to H2 Green Steel, the Swedish company behind the multi-billion-dollar mill. Dhiraj Singh/Bloomberg/Getty ImagesWhile projects like H2 Green Steel show momentum is growing, experts say the pace is far too slow. Northern Sweden is also home to the HYBRIT green steel pilot plant — which is one step ahead. US Secretary of State Antony Blinken speaks during a visit to Hybrit Steel Plant in Lulea, Sweden, on May 30, 2023. But there’s also the challenge of producing large amounts of green hydrogen, which will require huge amounts of renewable energy.

Persons: Peter Boer, Dhiraj Singh, ”, Mohamed Atouife, Daniel Acker, ” Atouife, HYBRIT, Biden, Antony Blinken, Jonas Ekstromer, Martin Pei, SSAB, ” Pei, Chathurika, Caitlin Swalec, Jonathan Nackstrand, Pei, there’s, –, Philipp Verpoort, “ It’s, Princeton’s, Swalec, Chris Greig, ” Greig, RMI’s Gamage Organizations: CNN, Green Steel, Tata Steel, Bloomberg, Getty, Rourkela Steel, Princeton University, Volvo, Hybrit Steel, TT, Agency, AFP, “, Mountain Institute, Global Energy Monitor, Potsdam Institute, Climate Impact, Potsdam, Princeton University’s Andlinger Center for Energy, Workers, Jiangsu Shagang, Co, European Union Locations: Sweden, Boden, Swedish, Wijk aan, Netherlands, Odisha, India, Indiana, Portage , Indiana, Northern Sweden, Cleveland, Ohio, Middletown, Mississippi, Lulea, Luleå, AFP, China, Europe, Japan, Jiangsu, Huai'an, Jiangsu Province, European

☆ America’s housing crisis continues to worsen
▼ + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.

Persons: ” Lael Brainard, ”, “, Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, “, White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China

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