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☆ American Airlines cuts some international flights into 2025 citing Boeing delivery delays
▼ + stars: | 2024-04-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. "We're making these adjustments now to ensure we're able to re-accommodate customers on affected flights," American said in a statement. Flights from New York to Barcelona will be suspended Sept. 3. Flights from Dallas/Fort Worth International to Dublin and to Rome, which were both scheduled as year-round flights, will now be suspended on Oct. 26. Flights from Chicago O'Hare to Paris will end Sept. 3 and resume next year.

Persons: John F, Boeing didn't Organizations: Boeing, American Airlines, Kennedy International, Fort Worth International, Dublin, Chicago O'Hare Locations: Barcelona, Europe, New, Athens, New York, Dallas, Rome, Chicago, Paris, Kona, Hawaii, Philadelphia, Miami, Montevideo, Uruguay, Sao Paulo, Brazil

☆ Middle East Crisis Army Begins Work on Floating Pier Meant to Get More Aid to Gaza, U.S. Says
▼ + stars: | 2024-04-26 | by ( Helene Cooper | ) www.nytimes.com time to read: +8 min

- [NON-ENGLISH SPEECH] More than 200 aid workers have been killed in the war in Gaza, according to the United Nations. Weeks before the World Central Kitchen strike, a logistics coordinator for another American aid group called ANERA returned home after distributing supplies. Mousa Shawa was still wearing his ANERA vest when an Israeli strike hit the house, killing him; his 6-year-old son, Kareem; and several neighbors. “We’ve seen tracers going towards the sea.” At this shelter on January 8, the aid group said a projectile was fired through the building, killing a 5-year-old girl. What went wrong in the deconfliction system is still not clear to the aid group.

Persons: “, misclassification, It’s, ANERA, Shawa, Kareem, Mousa, Dua, they’d, they’ve, —, ” Israel, Israel Organizations: Central Kitchen, Washington , D.C, Israel Defense Forces, United Nations, The Times, Hamas, Times, Munitions, Sky News, International Rescue Committee, Aid, “ Locations: Washington ,, Gaza, Israel, Israeli, ANERA, British, U.S

Mr. Pecker was also asked whether he believed Mr. Trump was concerned that his wife or family would find out about the affairs. director, and Reince Priebus, who was chairman of the Republican National Committee, Mr. Pecker reassured Mr. Trump that everything was fine. Mr. Trump then told the group that Mr. Pecker probably “knows more than anyone else in this room.”“It was a joke,” Mr. Pecker testified, adding, “They didn’t laugh.”Pecker did a lot for Trump, who could be hard to please. Mr. Pecker variously described Mr. Trump as becoming “very angry” and “very aggravated.”Still, Mr. Pecker said he felt no ill will. Mr. Pecker described a 2002 meeting in which Mr. Schwarzenegger asked Mr. Pecker not to run negative stories about him before his run for governor of California.

Persons: Donald J, Trump, Stormy Daniels, Donald Trump, David Pecker, Pecker, Karen McDougal, Daniels, McDougal, Trump’s, Michael D, Cohen, Marion Curtis, “, Mr, McDougal —, —, ” Mr, ”, Ahmed Gaber, James Comey, Reince Priebus, ” Pecker, Emil Bove, Arnold Schwarzenegger, Schwarzenegger Organizations: National Enquirer, AMI, ., Associated, Prosecutors, Trump, White, The New York Times, Republican National Committee, Mr, Republican Locations: Trump’s, California

☆ Trump's team wants to restructure the Fed and let him have a say on interest rate decisions: WSJ
▼ + stars: | 2024-04-26 | by ( Ayelet Sheffey | Madison Hall | ) www.businessinsider.com time to read: +5 min

Some members of Trump's team want to restructure the Federal Reserve, the WSJ reported. That could include allowing the president to have a direct say on interest rate decisions. Trump has previously been critical of Powell's handling of interest rates during the pandemic. To help the Fed achieve its 2% inflation target, the Federal Open Market Committee has hiked interest rates 11 consecutive times since March 2022. Advertisement"I think he's going to do something to probably help the Democrats, I think, if he lowers interest rates," Trump said, adding that "it looks to me like he's trying to lower interest rates for the sake of maybe getting people elected."

Persons: Jerome Powell, —, Donald Trump, Trump, President Trump, Susie Wiles, Chris LaCivita, Powell, Ron DeSantis, Nikki Haley, Vivek Ramaswamy, Joe Biden, Robert F, Kennedy Jr, Biden Organizations: Federal Reserve, Service, Street, Trump, Management, Federal, Fed, Fox News, Republican, Florida Gov, South Carolina Gov, Biden, GOP Locations: New York

☆ Michael C. Jensen, Who Helped Reshape Modern Capitalism, Dies at 84
▼ + stars: | 2024-04-26 | by ( Michael S. Rosenwald | ) www.nytimes.com time to read: +1 min

Michael C. Jensen, an economist and Harvard Business School professor whose evangelizing for stock options, golden parachutes and leveraged buyouts helped to reshape modern capitalism and empower Wall Street’s greed-is-good era, died on April 4 at his home in Sarasota, Fla. The death was confirmed by his daughter Natalie Jensen-Noll. “Mike was a kind of born proselytizer,” Eugene F. Fama, a University of Chicago professor and Nobel laureate in economics who collaborated with Professor Jensen, said in an interview. “He was very sure of himself in terms of his ideas being correct and, you know, pathbreaking.”They were also incendiary. In his book “The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite” (2017), the journalist Duff McDonald called Professor Jensen an “instrument of intellectual violence” who “created a Frankenstein that no one knows how to kill.”

Persons: Michael C, Jensen, Natalie Jensen, Noll, Werner Erhard, Jensen’s, Mike, proselytizer, ” Eugene F, Fama, Professor Jensen, “, ”, Duff McDonald Organizations: Harvard Business School, University of Chicago Locations: Sarasota , Fla

☆ Ex-F.B.I. Lawyer Who Criticized Trump Says Bureau Failed to Warn Her About Stalker
▼ + stars: | 2024-04-25 | by ( Glenn Thrush | Adam Goldman | ) www.nytimes.com time to read: +1 min

A troubled veteran stalked a high-profile former F.B.I. official at her house in Washington last year — just weeks after the bureau determined he did not pose an imminent threat despite his documented obsession with guns and mass shootings, investigators said. lawyer, Lisa Page, who became a persistent target of President Donald J. Trump after her text messages became public in 2017, attended Mr. Perez’s hearing in the Superior Court of the District of Columbia. She asked the judge for more stringent restrictions and accused the bureau of failing to warn her of the possible threat posed by Mr. Perez. During one visit, he interacted with Ms. Page’s 11-year-old son.

Persons: —, John C, Perez, Lisa Page, Donald J, Trump, Mr, Page’s Organizations: ex, Marine, District of Columbia, Metropolitan Police Department Locations: Washington, California, Superior

☆ India election 2024: Voters battle extreme temperatures as intense heat wave hits region
▼ + stars: | 2024-04-25 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

New Delhi CNN —Indian voters are battling sweltering conditions to take part in the world’s biggest election as a severe heat wave hits parts of the country and authorities forecast a hotter-than-normal summer for the South Asian nation. The India Meteorological Department (IMD) said a heat wave will affect parts of south and east India until the end of the week, including four states that are voting on Friday. Climate politicsIndia, the world’s most populous nation with 1.4 billion people, often experiences heat waves during the summer months of May and June. But in recent years, they have arrived earlier and become more prolonged, with scientists linking some of these longer and more intense heat waves to the climate crisis. Last year successive heat waves hit India again, closing schools, damaging crops and putting pressure on energy supplies.

Persons: Gandhi Ray, ”, “, Noemi Cassanelli, Narendra Modi, ” Ray, Commision, Aditya Valiathan Pillai, climatologist Maximiliano Herrera Organizations: New, New Delhi CNN —, South, India Meteorological Department, IMD, CNN, National Disaster Management Authority, Bharatiya Janata Party, BJP, Indian National Congress, World Meteorological Organization Locations: New Delhi, India, West Bengal, Bihar, Uttar Pradesh, Karnataka, Baripada, Khammam, Banka district, Maharashtra, Pakistan, Mumbai, Bangladesh, Asia, Thailand, Philippines, Mekong, Vietnam

☆ Why auction houses are embracing luxury — and celebrity — fashion
▼ + stars: | 2024-04-25 | by ( Joan Kennedy | ) edition.cnn.com time to read: +8 min

(CNN) — There’s a lot of talk about luxury’s rising prices, but it’s at auction that fashion is selling for the most eye-popping of sums. Fashion items from the sets of TV, film and even commercials can also garner high prices. Frank Augstein/APWhile selling prices are widely publicized, auction houses maintain something akin to attorney-client privilege when it comes to the identities of their bidders. In fact, much of the archival fashion seen on stars today has passed through auction. “That dress would now sell for $10 million because of that double whammy connection of a celebrity,” said Nolan.

Persons: —, Celine, Joan Didion, Levi’s, Kurt Cobain, Elton, Burberry, ”, Nicole Kidman, Lucy Bishop, Frank Augstein, Bishop, Audrey Hepburn, Diana —, Victoria, they’re, Lady Gaga, Kim Kardashian, Michael Jackson’s, Laverne Cox, Jordan Strauss, ’, Shannon Hoey, Hoey, Dior, Elizabeth Debicki, Diana, “, Meg Randell, Leigh Anne Clark —, Valentino, Saint Laurent, Chanel, Andre Leon Talley’s Birkin, Christie’s, Anna Wintour, Clark, Talley, would’ve, Andre Leon Talley's, Meghan McCarthy, Renae Plant, Diana’s, It’s, Carrie Bradshaw, Martin Nolan, Carrie Bradshaw's, Craig Blankenhorn, Barbie, Marilyn Monroe, John F, Kennedy, Nolan, Read Organizations: The, Fashion, CNN, AMC, Albert Museum, York’s Metropolitan Museum of Art, Vogue, USA, Plant, City, Julien’s, HBO Locations: London, Dallas, Palm Beach , Florida, California, Paris, Australia

☆ N.F.L. Draft Is Like Super Bowl for City of Detroit
▼ + stars: | 2024-04-25 | by ( Ken Belson | ) www.nytimes.com time to read: +1 min

took its college draft on the road a decade ago, its first stops were Chicago, Philadelphia and Dallas, three of the league’s biggest markets. Unlike the N.F.L.’s marquee event, the Super Bowl, the draft does not require extensive public subsidies, hotels and security. in recent years to award the draft to Cleveland, Kansas City, Mo., and other cities that have never, and may never, host a Super Bowl. Detroit hosted the Super Bowl in 2006, as a reward to the Lions for moving into a new stadium. They also hope the three days of exposure on television showcases the city to fans who might not otherwise visit.

Organizations: Detroit, Lions Locations: Chicago, Philadelphia, Dallas, Manhattan, Cleveland , Kansas City, Mo, Detroit

☆ How the N.F.L. Draft Became a Trading Floor
▼ + stars: | 2024-04-25 | by ( Ben Blatt | ) www.nytimes.com time to read: 1 min

The Bears’ pick — expected to be U.S.C. quarterback Caleb Williams — was acquired last year as part of a blockbuster deal in which Chicago also got receiver D.J. Moore and three other draft picks. That trade is part of an increasing draft-night trend in the pursuit of “draft capital.” As teams become much more sophisticated in their understanding of how much a draft pick is worth, particularly in later rounds, draft picks have become increasingly common as deal-sweeteners, or to round out intricate trade packages.

Persons: Caleb Williams —, Moore Organizations: Bears, Chicago Locations: ”

☆ Stocks are tumbling. But these 2 portfolio holdings should be defying the slide
▼ + stars: | 2024-04-25 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim Cramer's, Jim, Ford, Goldman Sachs, That's, We've Organizations: CNBC, Treasury, Ford Motor, Management, Honeywell International, Companies, Marshalls Locations: U.S, Maxx

☆ F.C.C. Votes to Restore Net Neutrality Rules
▼ + stars: | 2024-04-25 | by ( Cecilia Kang | ) www.nytimes.com time to read: +1 min

Known as net neutrality, the regulations were first put in place nearly a decade ago under the Obama administration and are aimed at preventing internet service providers like Verizon or Comcast from blocking or degrading the delivery of services from competitors like Netflix and YouTube. The rules were repealed under former President Donald J. Trump, and have proven a contentious partisan issue over the years while pitting tech giants against broadband providers. The rules also give the F.C.C. the ability to demand broadband providers report and respond to outages, as well as expand the agency’s oversight of the providers’ security issues. and a Democrat, said the rules reflect the importance of high-speed internet as the main mode of communications for many Americans.

Persons: Obama, Donald J, Trump, Biden, Jessica Rosenworcel Organizations: Federal Communications Commission, Verizon, Comcast, Netflix, YouTube

Days before Donald J. Trump became president in early 2017, a handful of advisers, officials and allies descended on his office at Trump Tower: the F.B.I. The future president, triumphant, thanked Mr. Pecker for his service. That remarkable scene was private until Thursday, when Mr. Pecker recounted it to jurors in Mr. Trump’s Manhattan criminal trial. He described in vivid detail how Mr. Trump laid bare their effort to buy and bury damaging stories that could have derailed Mr. Trump’s campaign — a plot at the center of the case. “He said, ‘I want to thank you for handling the McDougal situation,’ and then he also said, ‘I wanted to thank you for the doorman situation,’” Mr. Pecker testified Thursday.

Persons: Donald J, Trump, —, David Pecker, Karen McDougal, Mr, Pecker, Trump’s, “, ‘, McDougal, ” Organizations: Trump, National Enquirer

☆ The man who audited Trump's social media company misspelled his own name in 14 different ways: FT
▼ + stars: | 2024-04-25 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewThe accountant hired to audit former President Donald Trump's social media company seemed to have a lot of trouble spelling his name, the Financial Times reported on Wednesday. But others, like Blake F Borgers and Ben F Vonesh, were entirely different names. Representatives for BF Borgers and Trump Media & Technology Group did not immediately respond to a request for comment from BI sent outside regular business hours. In November, Borgers' firm was also removed from the American Institute of Certified Public Accountants' peer review program. Trump Media shares had initially soared when it went public, only to crash by nearly 40% in a matter of weeks.

Persons: —, Donald Trump's, Ben F Borgers, Ben F Brogers, Ben F orgers, Blake F Borgers, Ben F Vonesh, Borgers, Brown, WithumSmith, Trump, Forbes, Jean Carroll, he's, Stormy Daniels Organizations: Service, Financial Times, Public Company, Business, BF Borgers, Trump Media & Technology Group, BI, Bloomberg, American Institute of Certified Public Accountants, Trump, Trump Media, New Locations: New York, Manhattan, Mar

☆ Ryan Garcia: Boxer was three pounds overweight for major fight. It went ahead and he shocked the world
▼ + stars: | 2024-04-24 | by ( Jonny Velasquez | Ben Morse | ) edition.cnn.com time to read: +7 min

Ahead of the fight, Garcia missed the weight limit for the bout, which ended his chances of competing for a world title on April 20. “In the ring, I’m gonna beat your a**,” Garcia posted on Instagram ahead of the fight. I bet you hoped it was some kind of mental health issues.”Many speculated that Ryan was going through a mental health crisis, including boxing promoter Eddie Hearn. Garcia hasn’t shied away from talking about his struggles with mental health. During the press conference for the fight, Haney asked Garcia to pay him $500,000 per pound if he missed weight.

Persons: jabbed, Ryan Garcia, Canelo, Óscar Valdez, Lord Jesus Christ, of Kings, Lord of Lords, ” Garcia, Garcia, Andrea Celina, Haney, It’s, reestablishes Garcia, “, Devin Haney, ”, I’m, Cris Esqueda, Muhammad Ali, Mike Tyson, Tyson Fury, Deontay Wilder, Ryan, Eddie Hearn, Ryan Garcia implode, ” Hearn, Garcia hasn’t shied, Luke Campbell, you’re, Emmanuel Tagoe, ‘, he’s, Youtuber, Jake Paul, Garcia’s, Garcia pounced, Saturday’s, Gervonta Davis Organizations: CNN, WBC, Barclays Center, Truman, Boxing Social, Breakfast, ” CNN, New York State Athletic Commission, ESPN Locations: Brooklyn , New York, San Antonio , Texas, New York State

☆ Ford just reported a massive loss on every electric vehicle it sold
▼ + stars: | 2024-04-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

But it is the only traditional automaker to break out results of its retail EV sales. And the results it reported Wednesday show another sign of the profit pressures on the EV business at Ford and other automakers. The EV unit, which Ford calls Model e, sold 10,000 vehicles in the quarter, down 20% from the number it sold a year earlier. Some are also sold in its Ford Pro unit, which handles fleet sales to businesses and government buyers. The number of vehicles sold by Ford Pro was up 21% to 409,000.

Persons: Ford, John Lawler, Jim Farley, Tesla Organizations: New, New York CNN, Ford, ”, Ford Pro, US Postal Service, General Motors, American EV, Jeep, Dodge, Chrysler, European EV Locations: New York, EBIT, North America

☆ Live Updates: Biden Speaks About Aid Package for Ukraine and Israel
▼ + stars: | 2024-04-24 | by ( Zolan Kanno-Youngs | ) www.nytimes.com time to read: +7 min

Artillery ammunition has been in short supply for the Ukrainian military for more than a year. Now that the Senate has approved a nearly $61 billion aid package to Ukraine, and with President Biden poised to sign it, desperately needed American weapons could be arriving on the battlefield within days. The Senate has approved a nearly $61 billion aid package to Ukraine. The Pentagon has prepared what a U.S. official said on Tuesday was a $1 billion military aid package to be rushed to Ukraine once Mr. Biden signs the funding bill. Jens Stoltenberg, NATO’s secretary general, said on Tuesday that the American aid package would allow for “advanced air-defense systems” to Ukraine but did not specify which kind.

Persons: Biden, Yehor Cherniev, Volodymyr Zelensky, Zelensky, Mr, —, Doug Mills, ATACMS, Lynsey Addario, Jens Stoltenberg, Stoltenberg, Mark Warner, ” Mr, Brendan Hoffman, Oksana Markarova, Markarova, “, Ms Organizations: Artillery, House Republicans, Ukrainian, Tactical Missile Systems, New York Times Artillery, NATO, Pentagon, U.S, Reuters, Artillery Rocket Systems, The New York Times, Patriot, “, Air Force, Democrat, Senate Intelligence, NBC, ., The New York Times Weapons, Ukrainska Pravda Locations: Donetsk, Ukraine, Russian, Russia, United, Kherson, United States, Germany, ”, American, Virginia, Kyiv, Ukraine’s, Europe

☆ This Town Had a Reputation Problem. Premier League Soccer Changed Things.
▼ + stars: | 2024-04-24 | by ( Rory Smith | ) www.nytimes.com time to read: +1 min

As the announcement trilled out over Kenilworth Road, the jumble of rusted metal and peeling paint that Luton Town F.C. At the start of the sentence, it was little more than the traditional polite welcome to the stadium for that evening’s visiting team, Manchester City. By the end, though, the voice of the announcer seemed overcome by what sounded a little like awe. Cup, the champions of England and the champions of Europe.” Luton seems to be having a hard time believing the company it now keeps. Fifteen years ago, Luton Town had been relegated to the fifth tier of English soccer, a world away from the power and the prestige of the Premier League.

Persons: Luton Organizations: Luton Town F.C, Manchester, Luton Town, Premier League Locations: Kenilworth, Manchester City, Luton, England, Europe

☆ In 50-50 Georgia, unhappiness with the choices but urgency about voting
▼ + stars: | 2024-04-24 | by ( John King | ) edition.cnn.com time to read: +12 min

Yet she couldn’t bring herself to vote for Biden and didn’t vote that year. In the 2000 election, Democrat Al Gore received 70% in DeKalb; in 2020, Biden won 83%. Massachusetts native Kim Cavaliere, who moved to Georgia over 20 years ago, is pictured at her home in Dacula, Georgia. She’s still inclined to vote third-party again but is perhaps open to reconsidering if Georgia could settle a close race. It is rural, and reliably red – Trump won 71% of the county vote in 2020.

Persons: Christine Nguyen’s, Nguyen, ” Nguyen, ” Decatur, Donald Trump, Joe Biden, –, Trump, Biden, Christine Nguyen, she’s, “, Celia Gardner, Jan Gardner, ”, ” Jan Gardner, Celia, ” Celia Gardner, Democrat Al Gore, Gwinnett, George W, Bush, “ I’ve, Kim Cavaliere, Cavaliere, ” Cavaliere, Count Cavaliere, She’s, – Biden, …, ” Carey Fulks, John King, CNN Carey Fulks, Fulks, ” Fulks, ” Biden, – Trump, Matt Vrahiotes, ” Vrahiotes, it’s, Vrahiotes, Ron DeSantis, “ I’m, Trumper, who’s, “ Kennedy, Robert F, Kennedy Jr, ” Vrahioties, Atlanta’s Organizations: Georgia CNN, White, CNN, Trump, DOJ, Justice Department, CIA, Schools, Democrat, Biden, Gwinnett County, “ Democrat, Republican, Sweet, Florida Gov, GOP Locations: Decatur, Georgia, ”, DeKalb County, Atlanta, Decatur , Georgia, Israel, DeKalb, Dunwoody, Dunwoody , Georgia, Neat, White DeKalb, Gwinnett County, Massachusetts, Dacula , Georgia, Grove, Covid, Fulton County, Gwinnett, Acre, Alto, Hall County, Alto , Georgia, York

☆ After U.N. Report, Germany Says It Will Resume Funding for UNRWA
▼ + stars: | 2024-04-24 | by ( Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

Germany said on Wednesday that it would resume funding for the main U.N. agency aiding Palestinians in Gaza, known as UNRWA, after an independent review found that Israel had not provided evidence of an allegation that led many donor nations to withdraw support for the agency. The announcement was likely to cause further strain in Germany’s longstanding close ties with Israel, which have deteriorated because of differences over the war in Gaza. Germany, which gave more than $200 million to UNRWA in 2023, is the agency’s second largest donor after the United States, which has also withdrawn its funding and has yet to say whether it will restore it. “The German government has looked closely at the allegations made by Israel against UNRWA and has been in close contact with the Israeli government, the United Nations and other international donors,” read a statement issued by Germany’s foreign and development ministries on Wednesday.

Persons: Israel, ” Organizations: UNRWA, United Nations Locations: Germany, Gaza, Israel, United States

☆ Opinion | The Ghost of the 1968 Antiwar Movement Has Returned
▼ + stars: | 2024-04-24 | by ( Charles M. Blow | ) www.nytimes.com time to read: +2 min

At the 1968 Democratic National Convention in Chicago, anti-Vietnam War protesters clashed with police officers — whose brutal role in the confrontation was later described by a federal commission as a “police riot” — hijacking the focus of the convention. Those young demonstrators had come of age seeing continual — and effective — protests during the civil rights movement and national mourning after the assassinations of President John F. Kennedy, Senator Robert F. Kennedy and the Rev. The movement against it began mostly on college campuses and grew. Of course, semesters end and students go home for the summer. But their opposition to the war didn’t end with the academic year.

Persons: John F, Kennedy, Robert F, Martin Luther King Jr, ”, Rennie Davis Organizations: Convention, New York Times Locations: Chicago, Vietnam, America

☆ F.D.A. Approves Antibiotic for Increasingly Hard-to-Treat Urinary Tract Infections
▼ + stars: | 2024-04-24 | by ( Andrew Jacobs | ) www.nytimes.com time to read: +1 min

The Food and Drug Administration on Wednesday approved the sale of an antibiotic for the treatment of urinary tract infections in women, giving U.S. health providers a powerful new tool to combat a common infection that is increasingly unresponsive to the existing suite of antimicrobial drugs. The drug will be marketed in the U.S. as Pivya and will be made available by prescription to women 18 and older. It is the first time in two decades that the F.D.A. has approved a new antibiotic for U.T.I.s, which annually affect 30 million Americans. is committed to fostering new antibiotic availability when they prove to be safe and effective.”

Persons: U.T.I.s, Dr, Peter Kim Organizations: Drug Administration, Drug, Research Locations: Europe, U.S

☆ Analysis: China’s EV market reshaped by a brutal elimination round
▼ + stars: | 2024-04-24 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —A “life and death race” has begun to unfold in the world’s largest market for electric vehicles (EV). More than a dozen passenger carmakers disappeared from the market last year, according to statistics from the China Passenger Car Association. Too many playersOvercrowding is another major issue plaguing China’s EV industry. Last month, Xiaomi, a Chinese smartphone brand, launched its electric car, the SU7 sedan. “China’s EV industry has entered a stage of cyclical adjustment after two decades of growth,” he said at a forum in Beijing.

Persons: ”, Tesla, Mark Rainford, Richard Yu, Li Auto, “ They’re, Huawei’s Aito, Lei Jun, BYD, Rainford, Gan Jiayue, Wang Chuanfu, Yin Tongyue Organizations: Hong Kong CNN, Auto China, YouTube, China, “, National Development, Reform Commission, China Passenger Car Association, WM, Mitsubishi Motors, Honda, Hyundai, Ford, Huawei, EV, China Association of Auto Manufacturers, China’s EV, Li, Tesla, Porsche, Geely Auto, Meizu, Chery Auto, International Energy Agency Locations: China, Hong Kong, Beijing, Shanghai, oversupply, Meizu

Israel welcomed a U.S. aid package signed by President Biden on Wednesday that will send about $15 billion in military aid to Israel, increasing American support for its closest Middle East ally despite strains in their relationship over Israel’s prosecution of the war in the Gaza Strip. “Our alliance is ironclad,” Israel Katz, the country’s foreign minister, said in a statement thanking Mr. Biden for signing the legislation. It was part of a long-stalled $95.3 billion in aid that had faced vehement opposition from some Republicans over its support for Ukraine, which is also part of the legislation, as is Taiwan. The aid for Israel includes more than $5 billion to replenish three of the country’s defense systems: Iron Dome, which intercepts rockets that fly in high arcs; David’s Sling, which shoots down drones, missiles and rockets; and Iron Beam, which was designed to use laser beams to destroy incoming projectiles. It also includes $1 billion to enhance the production and development of artillery and munitions and $2.4 billion for American military operations in the U.S. Central Command region, which includes the Middle East as well as parts of South Asia and East Africa.

Persons: Israel, Biden, ” Israel Katz, Mr Organizations: Ukraine, U.S . Central Command Locations: Israel, East, Gaza, Taiwan, South Asia, East Africa

☆ Ford's earnings beat, rosy 2024 outlook, and cost discipline show the automaker is getting its house in order
▼ + stars: | 2024-04-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Ford Motor on Wednesday evening delivered higher than expected profits in the first quarter, driven by strength in its commercial business. Quarterly commentary Ford Blue , which represents Ford's gas-powered and hybrid vehicles, saw volumes and revenues down 11% and 13%, respectively. The lower volumes shouldn't be much of a surprise given Ford's pivot toward making more in-demand hybrids and ICE vehicles. Ford raised its adjusted free cash flow outlook for the year by $500 million to between $6.5 billion and $7.5 billion. Lowered capex with higher profits is what we want to see because greater capital efficiency should translate to a higher multiple.

Persons: Wall, Adam Jonas, Morgan Stanley —, Ford, we're, Jim Farley, Farley, Jim Cramer's, Jim Cramer, Jim, Bill Pugliano Organizations: Ford, Automotive, LSEG, General Motors, Tesla, Ford Pro, Pro, EV, Software, CNBC, Ford Dearborn Plant, Getty Locations: Ford, Dearborn , Michigan

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