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Low-income families who are robbed of their grocery funds may no longer get reimbursed if Congress doesn’t act by Sept. 30. Since late 2022, states have been authorized to use federal dollars to pay back victims of SNAP skimming thanks to a provision passed by lawmakers. Dutch Ruppersberger, D-Md., who has advocated on behalf of SNAP skimming victims for years. “It’s frustrating and, frankly, very confusing that they don’t view this as a priority.”Despite the directive expiring, SNAP skimming continues to be a pervasive problem. Sen. Ron Wyden, D-Ore., proposed a bill in March that would require chip-enabled SNAP EBT cards and other safeguards, but the bill has yet to advance.
Persons: , , Ruppersberger, Biden, Sen, Ron Wyden, ” Wyden, Daniel Acker, Cindy Long, ” Long, Ashley Burnside, ” Gina, Gina, Vicky Negus, Negus, ” Negus, “ It’s Organizations: Assistance, SNAP, U.S . Agriculture Department, C.A, state’s Department of Social Services, Oklahoma Human Services, Bloomberg, Getty, NBC News, USDA, for Law, Social, “ SNAP, Reform Institute, American, Human Services Association Locations: California, Oklahoma, Boston, Massachusetts, Washington ,
More than a half-million children in Gaza have received a first dose of the polio vaccine, the World Health Organization said Thursday. So far, Peeperkorn said, 552,451 kids received the oral drops of the polio vaccine during brief moments of humanitarian pause in the conflict between Israel and Hamas in Gaza. “Everywhere the team has gone, parents are doing all they can to ensure their child does not miss vaccination,” Peeperkorn said. Another NGO, MedGlobal, has given approximately 5,000 doses of the polio vaccine in Gaza. The strain that was found is linked to a polio vaccine that has not been used in the U.S. since 2000, but is still used in other parts of the world.
Persons: , ” Dr, Rik Peeperkorn, Peeperkorn, ” Peeperkorn, hasn’t, wouldn’t, Chessa Latifi, ” Latifi, , Zaher, Balah, Latifi, “ There’s, “ We’re Organizations: World Health Organization, West Bank, HOPE, Centers for Disease Control Locations: Gaza, Israel, U.S, Gazan, Deir
The hotly anticipated results are in from a landmark pair of major clinical trials of a long-acting, injectable HIV-prevention drug that only requires dosing every six months. The pharma giant has already secured approval for the injectable drug in treating highly drug-resistant HIV. Given the clear statistical superiority of lenacapavir over Truvada, the trial’s blinded phase will now be ended several months early. When taken as prescribed, Truvada is over 99% effective at preventing HIV; Descovy is comparably effective. This chorus is sure to get louder now that lenacapavir is officially highly effective at protecting gay and bisexual men and trans people as well.
Persons: lenacapavir, , Jared Baeten, , ” Jen Kates, ” Gilead, Gilead, Truvada, ViiV Healthcare’s, Amy Killelea, Jirair Ratevosian, Hansel Tookes, ” Tookes, Dr, Boghuma, “ lenacapavir, Tim Horn Organizations: Gilead Sciences, pharma, NBC, Food and Drug Administration, Disease Control, PrEP, Yale School of Nursing, University of Miami Miller School of Medicine, NBC News, Southern, Affordable, CDC, Emory University Locations: Gilead, United States, , U.S, Australia, United Kingdom, Arlington , Virginia, America, South Africa, Thailand, Truvada, Atlanta, Saharan Africa
A grueling manhunt for the suspect wanted in a highway shooting spree stretched into its fifth day as authorities said they believe he retreated deep into a forested swath of southeastern Kentucky with no indication he has fled elsewhere. “There’s so many people that have eyes on this investigation around the world that now we should have gotten a pretty good tip that he exited the woods,” Pennington told reporters 72 hours into the operation. Amid the search, authorities went to his home in Woodbine, about 23 miles from the shooting site, to collect evidence. The search by foot remains daunting, Pennington said, as temperatures have stayed above 80 degrees during the day. “I hope he doesn’t have water, and I hope he doesn’t have food," Pennington said at a news conference Tuesday.
Persons: Joseph A ., Couch, Scottie Pennington, , , “ I’m, ” Couch, Gilbert Acciardo, ” Acciardo, Daniel Boone, ” Pennington, London Mayor Randall Weddle, Pennington Organizations: Army, Kentucky State Police, Toyota, . Forest Service, Daniel Boone National, Target Firearms, NBC, Army Reserve, London Mayor, NBC News Locations: Kentucky, Laurel County, London, Laurel, Daniel Boone National Forest, Woodbine
Taking a high dose of ADHD drugs is linked to more than five times greater risk of developing psychosis or mania, according to a new study published Thursday in the American Journal of Psychiatry. The research is among the first to find a relationship between escalating doses of the drugs — amphetamines, in particular — and a greater likelihood of psychotic symptoms. The drugs include Adderall, Vyvanse and generic amphetamines, such as dextroamphetamine. The medium dosage — 20 mg to 40 mg of Adderall, 50 mg to 100 mg of Vyvanse or 15 mg to 30 mg of dextroamphetamine — was linked to a 3.5 times higher risk. There was no increased risk of psychosis with another ADHD drug, Ritalin, which isn’t an amphetamine.
Persons: it’s, , Jacob Ballon, hadn’t, Will Cronenwett, ” Cronenwett, Vyvanse, Takeda, Lauren Moran, Brigham, , ” Moran, Moran, Cronenwett, ” Ballon, they’re Organizations: American, of Psychiatry, Stanford Medicine, Northwestern Medicine, Psychiatry, NBC News, Takeda Pharmaceuticals, . Food, Drug Administration, FDA, Pharmaceuticals, McLean Hospital, Mass Locations: United States, U.S, Boston
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFast food chains in 'tough position' if all they have going for themselves is price: Fmr. Panera CEORon Shaich, Former Panera Bread CEO and CAVA chairman, joins 'Closing Bell Overtime' to talk McDonald's expanding its $5 meal deal, more chains rolling out value meals, Brian Niccol's approach to Starbucks and more.
Persons: Ron Shaich, Brian Niccol's
Wholesale inflation slowed again last month
  + stars: | 2024-09-12 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +1 min
CNN —US producer prices continued to cool overall in August, showing that inflation across the economy is improving. But a closely watched measure of underlying inflation remained stubbornly elevated, reflecting the bumpiness in reining in price hikes. August’s monthly increase was driven by a 0.4% gain on the services side, as goods prices were unchanged, thanks in part to falling energy prices. Economists had expected that prices would increase 0.2% on a monthly basis and 1.8% annually, according to FactSet estimates. Excluding the more volatile categories of food and energy, core PPI advanced 0.3% from July, countering a 0.2% decline seen the month before.
Persons: Price Organizations: CNN, of Labor Statistics, PPI, Federal Reserve Locations: US, reining
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlank: Kroger's flat pricing reflects broader food trends, with food prices up 2.1% overallJohn Blank, Chief Equity Strategist at Zacks Investment Research, discusses Kroger's flat performance and its merger with Albertsons to compete with Walmart. He notes the FTC's scrutiny and the partisan divide over the merger.
Persons: John Blank Organizations: Zacks Investment Research, Albertsons, Walmart
Hong Kong CNN —A Chinese investment bank known for making some of the biggest deals in the country’s tech sector during its heyday has revealed it received a massive bill for 78 million yuan ($11 million) related to the disappearance of its star banker, Bao Fan. The request for payment from unspecified Chinese authorities only deepens the mystery surrounding the whereabouts of Bao, who founded boutique investment bank China Renaissance in Beijing in 2005 and made it one of the top dealmakers for Chinese tech firms. He helped broker the 2015 merger between two of the country’s leading food delivery services, Meituan and Dianping. In February 2023, China Renaissance reported him missing amid a wider anti-corruption crackdown. CNN has reached out to the investment bank for additional information.
Persons: Bao Fan, Bao, Mr Bao, Zhonghui, Deloitte Touche Tohmatsu Organizations: Hong Kong CNN, Economic Observer, Central Commission, CNN, Financial Times, China Renaissance, Zhonghui Anda CPA, Deloitte Locations: China, Hong Kong, Beijing, Dianping, Bao, Zhonghui Anda
Digital health company Noom on Thursday announced it will offer a compounded GLP-1 drug as part of a new weight loss product that starts at $149. Noom has offered weight loss programs for years, and consumers can already try to access those branded medications through its platform. Compounded GLP-1 medications are typically much cheaper than their branded counterparts. Most insurance plans cover GLP-1s when they are used to treat diabetes, but coverage of the weight loss drugs is less widespread. Consumers can get started with the Noom GLP-1 RX program by filling out an intake form on the website.
Persons: Wegovy, Noom, Geoff Cook, Cook, Dr, Adonis Saremi, They'll Organizations: CNBC, U.S . Food, Drug Administration, FDA Locations: U.S, United States
Wells Fargo initiates Blackrock as overweight Wells Fargo said the asset manager is well positioned. " Bernstein reiterates Nvidia & Broadcom as top ideas Bernstein said both stocks remain top picks at the firm and that margin fears are overdone. Bernstein reiterates Oracle as a top idea Bernstein said it sees "increasing revenue growth" for Oracle. " Morgan Stanley reiterates Amazon, Alphabet and Meta as overweight Morgan Stanley said the three internet giant's are well positioned in the ad market. Morgan Stanley reiterates Apple as overweight Morgan Stanley named Apple to its Vintage Values list as a stock to own for the next 12 months.
Persons: Wells, Wells Fargo, Stephens, Bernstein, Blackwell, Morgan Stanley, Goldman Sachs, Goldman, Jefferies, McDonald's, it's, Wolfe, Apple, Raymond James Organizations: Simon Property Group, SPG, Blackstone, Apollo, TPG, SF, APO, Blackrock, Nvidia, Broadcom, Oracle, Bank of America, Diageo, of America, Barclays, TAM, CTV, FedEx, UBS, Costco, " Bank of America, Apple, Micron
New York CNN —The McDonald’s $5 meal deal is staying on menus until December, a sign that inflation-weary customers are devouring value meals recently offered by fast food chains. The Chicago-based fast-food giant announced the $5 meal deal in June. In July, McDonald’s said that the vast majority of restaurants would keep it on the menu until August. The meal features either a McChicken sandwich or McDouble cheeseburger, small fries, 4-piece Chicken McNuggets and a small soft drink. McDonald’s also announced a slew of fall deals — from $0.50 Double Cheeseburgers for National Cheeseburger Day on Sept. 18 to a $2 McCrispy sandwich for National Fried Chicken Sandwich Day on Nov. 9.
Persons: McDonald’s, Chris Kempczinski, Burger, we’re, ” Joe Erlinger Organizations: New, New York CNN, McDonald’s USA Locations: New York, Chicago
The CEO of Swiss banking giant UBS said Thursday that the fight against inflation isn't over yet, and some investors seem to be getting too ahead of themselves in expecting that the U.S. Federal Reserve could pull an aggressive rate cut this month. "I think the market seems to be a little bit too ahead of the curve in expecting the Fed to go so aggressively," Sergio Ermotti, Group CEO of UBS Group AG, told CNBC's "Squawk Box Asia." The question of whether the Fed will lower rates at the end of its next policy meeting September 18 has largely been answered. The only question that remains is: by how much. The "most important" issue that the Fed needs consider is still inflation, which remains sticky and not yet "totally under control," Ermotti added.
Persons: Sergio Ermotti, CNBC's, Ermotti Organizations: UBS, U.S . Federal, UBS Group AG, Fed Locations: U.S
Between 2021 and 2022, average annual grocery prices were up 11.4%, the highest increase since 1979. In this episode of "Just the Facts," the US Economy and your Pocketbook. Let's take a look at the economy and how it is working or not working for you. To measure inflation, let's start by looking at the Consumer Price Index, or CPI. Between 2021 and 2022, average annual grocery prices were up 11.4%, the highest increase since 1979, and they grew another 5% between 2022 and 2023.
Persons: Steve Ballmer, USAFacts, COVID, it's, There's Organizations: Insider Studios, LA Clippers, Consumer, Federal Reserve, Real, Social Security Locations: America, United
Apple announced on Monday that its AirPods Pro 2 headphones will become an FDA-cleared hearing aid in the coming weeks through a software update. Apple CEO Tim Cook has highlighted health features as the company's "most important contribution to mankind." The new feature is a free software update for some AirPods models and will be included with Apple's $249 AirPods Pro 2. Many over-the-counter hearing aids are much more expensive, according to buyers guides cited by the Hearing Loss Association of America, an advocacy group. Analysts say that adding health features like a hearing aid expands the market for the device, which could help sales.
Persons: Sumbul Desai, Tim Cook, Barbara Kelley, Apple, Gene Munster Organizations: AirPods, Apple, FDA, Food and Drug Administration, RBC Capital Markets, of America, Analysts, Asset Management
Beijing/Hong Kong CNN —Married for seven years, Hansen and his wife Momo care for six little ones at their apartment in downtown Beijing. By 2030, the number of pets in urban China alone will almost double the number of young children across the country, according to its projection. The country’s pet ownership rate would be even higher if the number of dogs and cats in rural areas were included. Its birth rate also dipped to 6.39 births per 1,000 people, the lowest rate since the founding of Communist China in 1949. I think it’s just that we love dogs,” Hansen said.
Persons: Hong Kong CNN —, Hansen, Momo, , Beijing hasn’t, they’ve, Justin Robertson, Goldman Sachs, Mao Zedong’s, Goldman, It’s, , Tao, CNN Tao, CNN Stuart Gietel, aren’t, Basten, “ We’re, ” Hansen, Xi Jinping Organizations: Hong Kong CNN, Research, CNN, Publishing, Authorities, Communist, Hong Kong University of Science, Technology Locations: China, Beijing, Hong Kong, Australia, France, India, Japan, East China's Jiangsu, Communist China, Basten
Read previewI am in the middle of what I'm calling Stay Home September. After my trip, I calculated I spent nearly $3,000 for six days and five nights at the parks — far more than I could afford. AdvertisementFood is my biggest expense and my biggest obstacleEvery month, my biggest expense (beyond my New York City rent) is food. I'm a terrible cook, so I am not looking forward to this change, but I hope this measure will cut my biggest expense in half. I'd rather spend money, have adventurous experiences, and explore new cultures than stay home and count my dollars.
Persons: , I've, I'm, extrovert, I'd Organizations: Service, Disney, Business Locations: New York City, Costa Rica, Italy, Orlando, Airbnbs
From the front door of X, which is closing up shop in San Francisco on Friday, Market Street runs straight through downtown to the bay. Now, as X leaves its spot, Market Street is still suffering from all the same problems it had before Twitter. After handing over millions of dollars in tax breaks to one of the world's wealthiest corporations, San Francisco has nothing to show for it. AdvertisementI keep remembering a work trip I took to San Francisco in 1999, a few years before I moved here. "Our focus remains on working with and supporting the many businesses that call San Francisco home," the statement reads.
Persons: Daniel Burnham, Elon Musk, Twitter, Ted Egan, Bon Marché, Paula Smith Arrigoni, restaurateurs, Dolby, Twitter didn't, Egan, Uber decamped, Musk, San Francisco, Adam Rogers Organizations: Twitter, Central Market, Anadolu, Getty, AQ, Area, Coalition, Apple, New York Times, San, Sony, Microsoft, Ikea, London Breed, Business Locations: San Francisco, Austin, South Park, California, Brisbane, Texas, scuzzy, gentrify, Alta, Oro, Bon, Kaya, Bay, Oakland
Swap out a trip to Hawaii for the French Polynesian island of Mo'orea. The Better Beyond"Hawaii gets so much hype, and I think Hawaii's beautiful, don't get me wrong. For example, two years ago, Cannon's family flew to Tahiti and took a ferry to the French Polynesian island of Mo'orea. "It has, to me, similar things that Hawaii has," Cannon said of Mo'orea. It's just an absolutely beautiful experience that is way less expensive than going to Hawaii these days."
Persons: Maui, Cannon, it's Organizations: Bora Bora Locations: Hawaii, Mo'orea, Moorea, Tahiti, Polynesia, Bora
"I love how you can invest in properties, you earn money, you have to save money to wait for the best property. Though they may not have pushed Tello-Trillo into economics, her parents taught her about money from a young age. "I see money as a thing that you work really hard for, and then if you want to spend money [it's] because you really, really value something," she says. "But it has to be something that I really, really like, and it has to be something that is going to be useful either for the family or for the home." She and her husband split household expenses equally, and Tello-Trillo handles the mortgage payments for her rental properties on her own.
Persons: Cristina Tello, Trillo, that's, Sebastian, Leo, Tello, she's, Peru wouldn't, Roth Organizations: CNBC, Monopoly, Pontificia Universidad Catolica of, Tello, U.S . Census Bureau, University of Maryland, Washington , D.C, Yale University, YouTube, Leo Insurance, Netflix, Spotify, Amazon, Amazon Prime Locations: Peru, Nicaragua, Pontificia Universidad Catolica of Peru, Bethesda , Maryland, Washington ,, Rochester , New York, Tello, , Bethesda, Rochester, Shenandoah, Northern Virginia
“I’m always working at the restaurant,” she told CNN. A: YES, Haitian immigrants are here legally, under the Immigration Parole Program. Later, taking stock of his new life and the politicization of Springfield’s Haitian community, Dorsainvil shrugged, seeing little choice in the matter. Several other people in Springfield told CNN they were dismayed by the rhetoric and racism that they felt had been stirred up in the city for political purposes. However, they are not allowed, nor have they ever been allowed, to mention Aiden Clark from Springfield, Ohio,” the father, Nathan Clark, said.
Persons: CNN — Rose, Rosena Jean Louis, “ I’m, , ’ ”, Romane Pierre, Donald Trump, Sen, JD Vance, Mike DeWine, ” DeWine, Vance, Sherrod Brown of, Tim Scott of, Bryan Heck, she’s, Biden, Vilbrun, , Dorsainvil, Republicans don’t, Amy Cox, X, ” Clark’s, Aiden Clark, Nathan Clark, We’ve, Viles, ” “ Organizations: CNN, Local, Republican, Gov, CBS, , of Homeland Security, TPS, Sens, Trump, Amazon, Republicans, , Haitian Locations: Springfield , Ohio, Springfield, Rue, Canton , Ohio, Springfield’s, Clark County, Haiti, Sherrod Brown of Ohio, Tim Scott of South Carolina, Caribbean, Dayton, Ohio . Ohio, Haitian
Gilead 's twice-yearly shot reduced HIV infections by 96% in a second large study, the company said Thursday. The positive phase three trial data on lenacapavir sets the stage for likely approval by the U.S. Food and Drug Administration for HIV prevention. The company said 99.9% of participants who received lenacapavir did not acquire HIV, with two cases among 2,180 people. Gilead in June also said lenacapavir was 100% effective at preventing HIV in another late-stage trial with cisgender women. The trial results should lead to an FDA approval and launch in the market by 2025, Yee said.
Persons: Gilead, Daniel O'Day, lenacapavir, Michael Yee, Yee Organizations: U.S . Food, Drug Administration, PrEP, Centers for Disease Control, Jefferies, CNBC, YouTube Locations: Gilead
Here are the biggest differences and culture shocks I experienced while living in Puerto Rico. I immediately admired the welcoming attitude of the people I met in Puerto RicoI appreciated the calm environment in Puerto Rico. I wouldn't trade my time in Puerto Rico for the worldI'll always cherish my time in Puerto Rico. AdvertisementThough the relationship that brought me to Puerto Rico didn't last, the island left a mark on me. I cherish the memories I made, and a piece of my heart will always remain in Puerto Rico.
Persons: , Fallon Shay, I'd, mealtimes, I've Organizations: Service, Business, Puerto Rico didn't Locations: New Jersey, Peru, San Juan , Puerto Rico, Puerto Rico, Manhattan, San Juan, Spanish, Puerto, Northeastern
Dunkin' is the latest chain to add a value meal to its menu. The $6 value meal comes with a coffee, a breakfast sandwich, and hash browns. Go to newsletter preferences Thanks for signing up! One of the latest chains to hop on the value meal trend is Dunkin', which announced a limited-edition $6 value meal as part of the new fall menu in late August. Before the $6 value meal was launched, these items together would cost $12, so the value meal is essentially a 50% discount.
Persons: Dunkin, Organizations: Service, Business
CNN —General Mills will sell its North American yogurt business to French dairy firms Groupe Lactalis and Sodiaal in a $2.1 billion deal, the Cheerios maker said on Thursday. Reuters reported in April that General Mills was working with investment bank JPMorgan Chase to attract interest from potential buyers for the business, which houses brands such as Yoplait and Liberté. The North American yogurt business contributed about $1.5 billion to General Mills’ fiscal 2024 net sales. Bloomberg News earlier on Thursday reported that General Mills was in talks to sell the North America yogurt operations to Groupe Lactalis and Sodiaal. In 2021, General Mills sold the European operations of Yoplait to Sodiaal.
Persons: Mills, Lactalis, Sodiaal, Jeff Harmening, Yoplait, General Mills Organizations: CNN, Groupe Lactalis, Canadian, Reuters, JPMorgan Chase, Bloomberg, General, PAI Partners Locations: U.S, Valley , Minnesota, North America, Yoplait, Sodiaal
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