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☆ Election Live Updates: Republicans Leave Convention Unified Around Trump
▼ + stars: | 2024-07-19 | by ( Jim Rutenberg | Adam Nagourney | ) www.nytimes.com time to read: +74 min

And there was great, great sorrow. They’re going to be OK. They’re going to be doing very well. Now he’s going to get on the plane in a little while and he’s going to go back home to his wife. Great, great student at Yale. So many — just so many heroes, so many great, great people.

Persons: Dana, Bob, ”, Lee, you’ll, it’s, didn’t, Nobody, “, I’m, Corey Comperatore, David Dutch, James Copenhaver, We’re, Corey, Helen ., David, James, Dan Newlin, Dan, Trump, —, Aileen Cannon, I’ve, Don, Kimberly, Ivanka, Jared, Eric, Lara, Tiffany, Michael, Barron, he’s, “ Dana won’t, That’s Lee Greenwood, … Eric, Crazy Nancy Pelosi, They’ve, Jason, Jason Aldean, Vance, Usha, He’s, He’ll, MAGA, ” MAGA, I’ll, you’re, nobody’s, We’ve, Somebody’s, they’re, It’s, can’t, We’ll, don’t, “ I’m, we’ll, Biden, They’re, that’s, you’ve, I’d, gee, You’d, That’s what’s, Donald Trump, That’s, There’s, Tom Homan, Brandon Judd, They’ll, Obama, They’d, “ You’ve, we’re, we’ve, Hannibal Lecter, Dwight D, Eisenhower, Jocelyn Nungaray, Rachel Morin, Rachel, Laken Riley, horrifically, Viktor Orban, what’s, Bush, it’ll, Kim Jung Un, Sam Brown, Sam, You’ve, Abdul, Don’t, You’re, Ronald Reagan, America’s, Franklin Graham, Franklin, Billy Graham, he’d, soldiered Organizations: of Pennsylvania, Secret Service, Service, Democrat, Republican Party, Republican, Democrats, America, Yale, ISIS, Space Force, Energy, Apple, Trump, Republican Senate, White, Republicans, United Auto Workers, Social Security, Border Patrol, ICE, ”, Lambs, University of Georgia, “, U.S, Senate, Washington, D.C, Yankee, Win Locations: America, United States, Butler Township, of, Pennsylvania, Florida, Ohio, Milwaukee, Wisconsin, Asia, Europe, Taiwan, Korea, Philippines, China, Russia, Ukraine, Israel, Iran, Germany, Mexico, Nevada, United States of America, There’s, South America, Africa, Middle East, Venezuela, Caracas, El Salvador, Houston, Los Angeles, Maryland, Hungary, “ Russia, Georgia, Crimea, Syria, Iraq, North Korea, Afghanistan, Bagram, Cuba, Miami, U.S.A, Wisconsin , Wisconsin, Washington, Japan, Delaware, Valley Forge, Yorktown, Gettysburg, Midway

☆ Live Updates: Supreme Court Overrules Chevron Doctrine, Imperiling an Array of Federal Rules
▼ + stars: | 2024-06-28 | by ( Adam Liptak | ) www.nytimes.com time to read: +12 min

But that gave too much power to unelected government officials, according to conservatives, who ran a coordinated, multiyear campaign to end the Chevron doctrine. The Environmental Protection AgencyEnvironmentalists fear that the end of the Chevron doctrine will mean the elimination of hundreds of E.P.A. “I would expect the industry to attack the F.D.A.’s authority to do premarket review at all,” said Desmond Jenson, deputy director of the commercial tobacco control program at the Public Health Law Center. Others noted the Chevron decision could have a chilling effect, compelling the F.D.A. “The Supreme Court has not relied on Chevron in quite a few years,” she said.

Persons: ”, Lisa Heinzerling, Donald J, Trump, Mandy Gunasekara, President Trump, Jonathan Berry, doesn’t, ” Rather, Berry, ” Mr, Chevron, Biden, Garden, “, Desmond Jenson, Nicholas Bagley, Rachel Sachs, Louis, Abbe R, Gluck, Ms Organizations: Georgetown University, “, Congress, Labor, Act, Republican, Trump, Chevron, Labor Department, Mr, Environmental Protection Agency, Biden, University of Minnesota, The National Labor Relations Board, Food, Drug Administration, Public Health Law Center, Health, Affordable Care, University of Michigan, Washington University School of Law, Department of Health, Human Services, Centers, Medicare, Services, Yale Law School, Treasury, Internal Revenue, Treasury Department, Internal Revenue Service Locations: Chevron, St

And they were everywhere, although, naturally, New York City was a magnet, as it has always been for L.G.B.T.Q.+ people looking for a place in which they can be themselves. New York City was where you lost your soul, and we wanted to be closer to the earth. I wore an eight-and-a-half-foot-tall Statue of Liberty costume to the Easter Parade in New York City, and Kirsten came along with me. By the time I turned 30, I’d been telling people I was older for years, because I’m not the type to bemoan the loss of my youth. Going to New York felt like this moment of emerging to a wider audience, and then I started to travel a lot.

Persons: André De Shields, Lady Bunny, Michael R, Jackson, Juliana Huxtable, Wong, J.D, Samson, Pat Oleszko, it’s, —, John Rechy, ”, Danez Smith, Trump, he’d, “, Jenna Lyons, Avram Finkelstein, Joe Mantello, …, Catherine Opie, you’re, Willie Norris, “ I’d, It’s, you’ve, ” — Mark Harris Read, De Shields, Justin French, Chuck Ashley, Anthony Cotsifas, William F, Robert O’Hara’s, Hermes, — Max Berlinger Jenna Lyons, Antonio Lopez, Jenna Lyons’s, Grace Jones ”, Juan Ramos, Antonio Lopez’s, Grace Jones, Tina Chow, Marisa Berenson, Pam Anderson, That’s, — Jason Chen Jayne County, Jayne County, Gus Stewart, Billy Idol, Wayne County, — M.B, Bill T, Jones, Arnie, Arnie Zane, Zane, Keith Haring, Lois Greenfield, Jack Mitchell, Peggy Jarrell Kaplan, Gertrude Stein, Alice B, we’d, Bill, Arnie ”, I’m, — Juan, Norris, Yael Malka, Tomas Abad, West, Black, I’d, — Colleen Hamilton B.D, New York’s Eugene, . Wong, David Henry Hwang’s, Richie, wasn’t, Wayne Barker, — John Wogan Edmund White, Edmund White, Horatio, Leonard Fink’s “, Barbara Confino, Leonard Fink, Joseph Rodriguez, Bleecker, You’d, Gosh, Michael Snyder Pat Oleszko, Chichi, Kirsten, who’d, she’d, — C.H, Brian Michael Smith, Gay, Smith, Kiki Ball, Josue Infante, Skyler Cruz, Jamison, — J.A.R, Agnes Denes’s “, Don Yowell, Finkelstein, Agnes Denes, Leslie Tonkonow, Don, Agnes Denes’s, JD Samson, Sia, Mark Hunter, Anthony Cotsifas I’d, Johanna Fateman, Tigre, Michael O’Neill, Obama, might’ve, — Kate Guadagnino Kristen Kish, Kish, Suzanne Kreiter, David Moir, Bravo, isn’t, — J.W, Stephen Spinella, Mantello, Joan Marcus, Photofest, Tony Kushner’s, Louis Ironson, Milton Glaser, he’s, David, Marshall Grant, Joe Pitt, Walter, Awards, Stephen, ” —, Freedia, Devon Hurst, Sissy Nobby, Barack Obama’s, Lyle Ashton Harris, Big, Bounce, ” — M.B, Thom Browne, Browne, Los Angeles’s Chateau Marmont, Malcolm Venville, Paul Fortune, Michèle Lamy —, — J.C, Catherine Opie’s “, Opie, Ian, Lehmann Maupin, Eileen Myles, Jenny Shimizu, I’ve, Nicole Acheampong Danez Smith, Juan Cordero, ” Womp, They’d, hookups, Who’s, We’ve, You’re, J.A.R, Linda Simpson, India, Little Louie Vega, who’s, — K.G, Alexander Chee, Alexander Chee’s, Marguerite Duras’s “, Jeongneung, King Jungjong, Eric McNatt, Chris Chee, — M.S, Sam Jay, Jay, Jonah, Kumail ”, hadn’t, K.G, Phillip Lim, Lim, Tourmaline, Sylvia Rivera, Luce Capco Lincoln, York’s, We’d, Marsha P, John Cameron Mitchell, Larry Kramer, Mitchell’s, Mitchell, Martha Swope, Billy Rose, Mark Tusk, ” Kramer’s, Larry, Ned Weeks, Ned, “ Hedwig, J.W, Joerg Lohse, Reena, there’s, Matt Bomer, Bomer, Simon Halls, Neal Caffrey, Tony Kushner, Terrence McNally —, — I’d, Hollywood, Wu Tsang, Neil Rasmus, Wildness, ’, Wildness ”, Roxane Gay, Mueller, Brandon Williams, Donna Gottschalk, Donna Gottschalk’s “, Duchess, Galerie Marcelle Alix, goddamn, Coco Romack Michael R, Aaron Kinney, Nova, “ I’m, Bob Damron’s, Sgt, Shirley, Waldorf, Harold’s, Jean ] Genet, Marcel, Proust Organizations: Pride, Stonewall, West, America’s, ACT UP, San, Playwrights Horizons, Odeon, New York’s TriBeCa, Electric, Getty, Police, Billy, New York Live Arts, Keith Haring Foundation, BAM Hamm, Liberation, Brooklyn Liberation, Brooklyn Museum, Fort, New York’s, New York’s Eugene O’Neill Theatre, Broadway, Equity, LGBT Community Center, Fulbright, Mudd, New, Bisexual, Transgender Community, Center, Transgender Community Center, “, Maxwell, Museum School, Farmers, Seattle, Boston Globe, Travel, New York Times, Rancho Mirage, Gay, Caesar’s, FEMA, Yale, York’s Webster Hall, Masters, Records, Pyramid, Work, ACT, Carpenters, Seymour, Edinburgh, Atlanta —, Ninja, Huntington, New York, Lesbian, Equal, Billy Rose Theatre Division, The New York Public Library, The New York Times, USA, Children’s Hospital of Los, MoMA, Whitney Biennial, University of Nebraska, Alamy, HarperCollins, of Engineering, Google, Division, Astor, Tilden Foundations, Pershing, University of Southern, Pershing Square Locations: New York, Berlin, “, America, San Francisco, Baltimore, New York’s, New York City, California, Atlanta, Europe, Wayne County, Dortmund, Germany, London, Amsterdam, Rotterdam, Rockland County, N.Y, ’, I’m, Brooklyn, West Dakota, Fort Greene, New, Leonard Fink’s “ Bars, Street, Rome, —, Aspen, Colo, Copenhagen, Danish, Peru, Los Angeles, Agnes Denes’s “ Wheatfield, Downtown Manhattan, North Moore, TriBeCa, Hoboken, N.J, Lower Manhattan, Manhattan, Boston, Williamsburg , Brooklyn, Vinnie’s, Bedford, Austin , Texas, Copley, Menton, Asian American, York, New Orleans, Houston, Los Angeles’s, L.A, Hong Kong, Seoul, Casa, Koreatown, Minneapolis, Grindr, East, India, Wigstock, Tompkins, Vershire, Chee, Iowa, Huntington Beach, Chelsea, Barneys, Madison, Miami, New York State, Washington, The, LA, Silver Lake, Missouri, Children’s Hospital of Los Angeles, Zurich, Central, American, Westlake, Los Angeles and New York, Lincoln, Alphabet City , New York, Lenox, United States, University of Southern California, Downtown Los Angeles

☆ The Opaque Industry Secretly Inflating Prices for Prescription Drugs
▼ + stars: | 2024-06-21 | by ( Rebecca Robbins | Reed Abelson | ) www.nytimes.com time to read: +1 min

And they are driving up drug costs for millions of people, employers and the government. The three largest pharmacy benefit managers, or P.B.M.s, act as middlemen overseeing prescriptions for more than 200 million Americans. They are owned by huge health care conglomerates — CVS Health, Cigna and UnitedHealth Group — and are hired by employers and governments. The job of the P.B.M.s is to reduce drug costs. Most Americans get their health insurance through a government program like Medicare or through an employer, which pay for two different types of insurance for each person.

Organizations: CVS, New York Times

☆ What to Do if You’re Overpaying for Prescriptions
▼ + stars: | 2024-06-21 | by ( Reed Abelson | Rebecca Robbins | ) www.nytimes.com time to read: 1 min

If you’ve ever had trouble getting a prescription drug, chances are you’ve run into a pharmacy benefit manager. These companies, known as P.B.M.s, play a crucial but often hidden role in deciding which drugs you can get and how much you will personally have to pay. They are middlemen in the maddeningly complex American health care system, working on behalf of your employer or government insurance programs like Medicare, which cover most of the costs of prescription drugs. is to save money on your medications. But The New York Times found that the three biggest P.B.M.s are often making you pay more than you should.

Persons: you’ve Organizations: New York Times

☆ Overpaying for Medicine
▼ + stars: | 2024-06-21 | by ( Reed Abelson | Rebecca Robbins | ) www.nytimes.com time to read: +1 min

But there’s another reason: middlemen known as pharmacy benefit managers, or P.B.M.s. But in their quest for higher profits, they are quietly driving up prescription drug costs. Your pharmacy benefit manager is often invisible to you unless you’re having trouble filling a prescription. (You probably rely on one of the big three: CVS Health’s Caremark, Cigna’s Express Scripts or UnitedHealth Group’s Optum Rx.) Today, we published a story about these companies, how they affect drug spending and how they amassed so much control with so little transparency.

Persons: you’re Organizations: Cigna’s

Companies known as pharmacy benefit managers, or P.B.M.s, are at the center of a system that can make it extraordinarily difficult to get your medication. These companies are hired by your employer or your health insurer to manage your prescription drugs. We just published an article explaining how P.B.M.s work, and we’re continuing to report on this subject. We want to hear about your experiences — positive or negative — with these companies. Maybe they put up roadblocks that made it hard for you to get your medication.

Persons: It’s Organizations: CVS, The New York Times

☆ How Scammers Are Stealing Food Stamps From Struggling Americans
▼ + stars: | 2024-05-04 | by ( Jessica Fu | ) www.nytimes.com time to read: +1 min

Ms. Kirks, 70, knew that she had saved up a sizable sum in monthly benefits from the federal food assistance program, also known as the Supplemental Nutrition Assistance Program, or SNAP. To eat, she would buy food through a state program that permitted adults 60 and older, people with disabilities and homeless people to buy discount meals using their food stamps. But the cashier at Albertsons was adamant: Ms. Kirks had only $6 in her account. She immediately called the state agency that oversaw food benefits. The criminals then use the information to create fake payment cards and steal money from victims’ accounts.

Persons: Jackie Kirks’s, Kirks, ”, creamer Organizations: Albertsons, Assistance, SNAP Locations: Long Beach, Calif

☆ Gold pocket watch owned by the richest man on the Titanic, who died when the ship sank, fetches record $1.5 million
▼ + stars: | 2024-04-28 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

A gold pocket watch owned by Titanic's richest passenger sold at auction for around $1.5 million. The watch was owned by John Jacob Astor IV, a businessman who died when the ship sank in 1912. AdvertisementA gold pocket watch that belonged to the richest man on the Titanic has sold at auction for a record-breaking £1.175 million, which is roughly $1.5 million. Astor IV, who was 47 at the time the Titanic sank, helped his wife, Madeleine, onto a lifeboat and then smoked a last cigarette as the ship went down. Universal History Archive/Universal Images Group via Getty ImagesThe RMS Titanic sank in the early hours of April 15, 1912, after hitting an iceberg in the North Atlantic Ocean.

Persons: John Jacob Astor IV, —, Henry Aldridge, Son's Instagram, Astor, Son, Astor IV, Madeleine, Wallace Hartley, Harland &, OceanGate Organizations: Titanic's, Service, Henry Aldridge & Son, Titanic, Getty, Harland, Harland & Wolff Locations: Devizes , Wiltshire, South West England, Belfast , Northern Ireland

☆ The 16 Messages That Led to Love
▼ + stars: | 2024-04-17 | by ( Illustrations Tara Booth | ) www.nytimes.com time to read: 1 min

Getting to know someone used to take many forms: handwritten letters, phone conversations, in-person heart-to-hearts. Today, we text. We asked readers of the Modern Love column to share the early messages — the banter, emojis and wit — that made them fall for each other. — Kate LaRueThe texts below are from real threads that have been carefully excavated (screengrabbed) from the phones of readers. They’ve been lightly edited — and reanimated — for clarity and your enjoyment.

Persons: Kate LaRue, They’ve

☆ Truce Talks Expected to Resume in Egypt
▼ + stars: | 2024-03-31 | by ( The New York Times | ) www.nytimes.com time to read: +4 min

Israel has rejected accusations that it is responsible for delays in delivering aid, and it did so again this week. The amount of aid reaching Gaza has fallen sharply since the start of Israel’s war with Hamas. “It’s not just about the number of trucks coming in the border,” Mr. Lockyear said in an interview on Saturday. This week, Mr. Lockyear said, an M.S.F. “These items, which were formerly approved to go in, we have got them into Gaza previously,” Mr. Lockyear said.

Persons: Christopher Lockyear, Israel, It’s, Mr, Lockyear, “, ”, al Balah, Deir al Balah, Tedros Adhanom Organizations: International Court of Justice, Hamas, United Nations ’, Foreign, United Nations, World Health Organization Locations: Gaza, Hague, Israel, Gaza — Israel, Rafah, Al Aqsa, Deir al, “

Microsoft filed a motion in federal court on Monday that seeks to dismiss parts of a lawsuit brought by The New York Times Company. The Times sued Microsoft and its partner OpenAI on Dec. 27, accusing the two companies of infringing on its copyrights by using its articles to train A.I. In its motion, filed in U.S. District Court for the Southern District of New York, Microsoft argued that large language models, or L.L.M.s — the technologies that drive chatbots — did not supplant the market for news articles and other materials they were trained on. The tech giant compared L.L.M.s to videocassette recorders, arguing that both are allowed under the law. than it was to the VCR (or the player piano, copy machine, personal computer, internet or search engine),” the motion read.

Persons: OpenAI Organizations: Microsoft, The New York Times Company, The Times, Southern, of Locations: U.S, of New York

☆ I founded a Montessori school and see how kids have 'decision fatigue.' We need to stop giving them so many choices.
▼ + stars: | 2023-12-07 | by ( Christine Carrig | ) www.businessinsider.com time to read: +6 min

I run a Montessori school in Brooklyn and engage with parents and kids regularly. The idea behind giving kids choices is that it will empower them. Giving choices can be goodParenting trends come and go, and at some point, giving kids choices became a parenting practice that was widely promoted. We might be giving kids too many choicesBut ask any parent, working or stay-at-home, at 6 pm what they want for dinner, and most will tell you they don't want to decide. AdvertisementExpecting children to sign off or weigh in on every decision quickly becomes impractical for the parent and the child.

Persons: —, Christine Carrig Organizations: Service, Carrig Montessori School Locations: Brooklyn, California, New York, Brooklyn , NY, Queens , NY

The Chile-based company, which leapfrogged U.S. majors American Airlines (AAL.O) and United Airlines (UAL.O), transported more than 260,000 passengers between the countries in the period. Average load factor in those flights, LATAM told Reuters, reached 89%. The results, according to ANAC, secured LATAM a 26% market share for flights between the two most populous countries in the Americas in the August-October period, above American Airlines' 22% and United Airlines' 20%. Year to date, American Airlines still leads the ranking with a 23.7% market share, slightly above LATAM's 22.4%, considering the number of passengers transported. In 2023 the U.S. carrier has so far ranked fifth in U.S.-Brazil traffic, also lagging behind Azul (AZUL.N).

Persons: Henry Romero, ANAC, LATAM, Aline Mafra, Gabriel Araujo, Steven Grattan, Marguerita Choy Organizations: Benito Juarez International, Federal Aviation Administration, FAA, REUTERS, SAO PAULO, LATAM Airlines, American Airlines, United Airlines, Reuters, Delta, Brasil, Sao Paulo, U.S ., Boston, U.S, Azul, Thomson Locations: U.S, Mexico City, Mexico, Brazil, Los Angeles, Chile, Argentina, Portugal, LATAM, Americas, Sao, Brazil's, U.S . West Coast, Miami, Orlando, New York, Rio de Janeiro, Atlanta

"It's pretty simple - you can't make a big business decision today without a geopolitical perspective," Orszag said in an interview at the Reuters NEXT conference in New York. Lazard has a geopolitical advisory unit that analyzes world events and their potential impact on clients' businesses. Orszag set an ambitious goal of doubling the investment bank's revenue by 2030. Some investment banks have laid off thousands of employees and cut other costs after several quarters of lethargic dealmaking. [1/5]Peter Orszag, CEO of Lazard, speaks with Reuters journalist Lananh Nguyen during the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 9, 2023.

Persons: Peter Orszag, Orszag, Lazard, lethargic, Lananh Nguyen, Brendan McDermid, dealmaking, Brian Moynihan, Obama, We're, Leela de Kretser, Mark Porter, Emelia Organizations: Reuters NEXT, Wall, Reuters, REUTERS, Bank of America, reuters, Thomson Locations: China, Ukraine, New York, New York City , New York, U.S

DBS, which is also Southeast Asia's largest lender, has already forecast a record full-year profit for the current year. "Net profit (for 2024) to be maintained around record 2023 level," CEO Piyush Gupta said in results presentation materials. The bank's July-September net profit rose to S$2.63 billion ($1.94 billion) from S$2.24 billion a year earlier as total income grew to a record on higher interest margins and fee income. Besides higher global interest rates, Singapore banks have benefitted from strong inflows of wealth drawn in by the city-state's political stability. Smaller peer United Overseas Bank (UOBH.SI) reported in end-October a weaker-than-expected 1% drop in third-quarter net profit.

Persons: Ann Wang, Piyush Gupta, Gupta, Yantoultra Ngui, Josie Kao Organizations: DBS, REUTERS, Bank, Q3 SINGAPORE, LSEG, United Overseas Bank, Chinese Banking Corp, Thomson Locations: Taipei, Taiwan, Singapore

It was hard to miss Mark Aaron Polger, Alexi Pappas and Masashi Kondo at the New York City Marathon on Sunday. With energy gels and bodega coffees in hand, the crowd made its way to Fort Wadsworth, where thousands of runners congregate each year before running the New York City Marathon. Speed demons wearing Nike Vaporflys and short-shorts mingled with casual runners wearing “Monsters, Inc.” onesies. That’s the record I’m going for. Running is therapeutic, even though I’m going to be running really, really slowly.

Persons: Mark Aaron Polger, Alexi Pappas, Masashi Kondo, ”, “, Adam Tjolle, Simon Waterhouse, Malina Roberts, we’ll, they’re, they’ve, Stephen Zachensky, Marlinda Francisco, Mika Shaw, Maansi Srivastava, It’s, I’ve Organizations: New York City Marathon, Nike, Inc, New York Times, York Locations: Fort Wadsworth, Edinburgh, Scotland, Newmarket, England, Brooklyn, York City, Tokyo, Berlin, New York, Westchester, N.Y, How’d, New York Times Tucson, Ariz, Ogden , Utah, Japan, Los Angeles, Manhattan

☆ Piyush Gupta: Asia’s most disrupted digital banker
▼ + stars: | 2023-11-02 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

Piyush Gupta, CEO of DBS Group (DBSM.SI) is often lauded as Asia’s top financier and has been tipped as a candidate to lead global rivals. Yet following repeated serious failures in its digital banking services, the Monetary Authority of Singapore has banned DBS from non-essential activities including M&A. It puts dividends at risk and will attract the eye of watchdogs overseas where the lender is busy expanding. On the back of record profits, Gupta earned $11.4 million last year, making him one of Asia’s highest remunerated bank CEOs. MAS will retain a multiplier of 1.8 times to DBS’ risk weighted assets for operational risk, an increase from a multiplier of 1.5 times MAS applied in February 2022.

Persons: Piyush Gupta, Ping, aren’t, OCBC’s, Peter Seah, Gupta, Breakingviews, he’s, Una Galani, Thomas Shum Organizations: Reuters, DBS Group, HK, HSBC, Monetary Authority of, DBS, MAS, Lakshmi, Bank, Monetary Authority of Singapore, Thomson Locations: SINGAPORE, Monetary Authority of Singapore, India, Taiwan, Singapore

It forecast an adjusted core loss of 30 million to 40 million Swiss francs ($33.4 million to $44.5 million) in 2023, compared to the previous range of 20-40 million. DocMorris also cut its 2023 external revenue outlook, expecting a high single-digit percentage decline in local currency, from a previously expected mid-single-digit drop. Its external revenue fell by 5.8% to 256 million Swiss francs in the third quarter, below the 262 million francs expected by analysts polled by the company. Redcare Pharmacy (RDC.DE) earlier in October said its third quarter sales rose by two thirds, aided by double-digit growth in sales of non-prescription products. But analysts said DocMorris had weighed on the wider sector and Redcare Pharmacy's shares fell around 3% on Thursday.

Persons: DocMorris, Redcare, Baader Helvea, Pharmacy's, Tristan Veyet, Milla Nissi, Barbara Lewis Organizations: DocMorris, Thomson Locations: Swiss, Germany, Gdansk

A signage is seen at the Bank of America Tower in Manhattan, New York City, New York, U.S., November 2, 2022. REUTERS/Andrew Kelly Acquire Licensing RightsCompanies Bank of America Corp FollowNEW YORK, Sept 20 (Reuters) - Bank of America (BAC.N) will boost its minimum hourly wage to $23 in October as it heads toward a goal of raising hourly pay to $25 by 2025, the company said in a statement Wednesday. The pay bump translates to a minimum salary of almost $48,000 a year for full-time employees, according to the second largest U.S. lender. BofA has increased pay several times in recent years, starting with a move to $15 an hour in 2017. "Providing a competitive minimum rate of pay is foundational," Sheri Bronstein, the bank's chief human resources officer said in the statement.

Persons: Andrew Kelly, BofA, Sheri Bronstein, Lananh Nguyen, Miral Organizations: Bank of America, REUTERS, Companies Bank of America Corp, Thomson Locations: Manhattan , New York City , New York, U.S

Peter Orszag, incoming CEO of financial advisory Lazard, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNEW YORK, Sept 14 (Reuters) - Two weeks before Peter Orszag takes the helm as CEO of Lazard (LAZ.N), he is already setting an ambitious goal for the investment bank to double its revenue by 2030. Orszag outlined his plans for the 175-year-old firm in a memo to employees on Thursday, including a raft of personnel changes. The revenue aspirations are being locked in at a time when sluggish dealmaking has weighed on earnings and prompted Lazard to eliminate 10% of its workforce. Boosting revenue in asset management will require better distribution, improved investment performance and potentially an acquisition, Orszag wrote in the memo.

Persons: Peter Orszag, Lazard, Mike Blake, ”, Orszag, Alexandra Soto, Chris Weideman, Lananh Nguyen, Varun Organizations: Milken, Global Conference, REUTERS, Lazard, Reuters, Apollo Asset Management, U.S, Thomson Locations: Beverly Hills , California, U.S, Europe, East, Africa

SINGAPORE, Sept 14 (Reuters) - DBS Group (DBSM.SI) Chief Executive Piyush Gupta said current widespread pessimism about China's economy was not "overdone" but he was upbeat about India, where the bank plans to triple its business in the next five years. "There's some real headwinds in China in the short-term", he told a Reuters Newsmaker event in Singapore, noting the crisis in its debt-ridden property sector. DBS, Southeast Asia's largest bank by assets, aims to triple its business in India in the next five years, Gupta also said. The bank has been in India for nearly 30 years and operates about 530 branches in 19 Indian states, according to its website. Singapore has seen strong inflows from wealthy customers amid global uncertainty, including U.S.-China geopolitical tensions, due to the city-state's status as a financial safe-haven.

Persons: Piyush Gupta, Gupta, Yantoultra Ngui, Fanny Potkin, Scott Murdoch, Edwina Gibbs Organizations: DBS, Reuters, Shenzhen Rural Commercial Bank, UBS Group's, Credit Suisse, Thomson Locations: SINGAPORE, India, China, Singapore, Shenzhen, Asia's, Asia, East, U.S

NEW YORK, Sept 14 (Reuters) - Barclays (BARC.L) said on Thursday it has hired two senior bankers for its financial sponsors group to oversee relationships with private equity clients. The British lender appointed Tom Vignon as a managing director in the financial sponsors group for the Europe, the Middle East and Africa (EMEA) region, it said in a statement. Christian Oberle also joined Barclays as the head of its financial sponsors group in the Americas, the bank said. Oberle previously worked as a senior managing director at JPMorgan Chase (JPM.N), where he served clients including Apollo Global Management and Advent International. In recent months, the bank has appointed new leaders from within its ranks, including global co-heads of capital markets, debt capital markets and equity markets and a sole head of equity capital markets.

Persons: Tom Vignon, Vignon, Christian Oberle, Oberle, Jean, Francois Astier, Taylor Wright, Cathal Deasy, Lananh Nguyen, Rashmi Organizations: Barclays, Credit Suisse, Christian, Reuters, JPMorgan Chase, Apollo Global Management, Advent, UBS, Jefferies, Thomson Locations: Europe, East, Africa, Americas, New York

☆ Opinion | No One Wants to Be a Teacher Anymore. Can You Blame Them?
▼ + stars: | 2023-09-13 | by ( Jessica Grose | ) www.nytimes.com time to read: +4 min

Interest in the teaching profession among high school seniors and college freshman has fallen 50 percent since the 1990s and 38 percent since 2010, reaching the lowest level in the last 50 years. It’s important to note that teacher shortages are not uniformly spread across schools, districts or states. So what can be done to help get more teachers into the profession and keep them there? Cutting the costs of a teaching degree is one lever to pull, whether that’s through student loan forgiveness or college scholarships. reported that when adjusted for inflation, “the average salary of teachers has actually declined by an estimated 6.4 percent, or $3,644, over the past decade.”

Persons: Matthew Kraft of Brown, Melissa Arnold Lyon, Kraft, Dorinda Carter Andrews, “, ” Carter Andrews, M.S.U, ” Organizations: Annenberg Institute, School Reform, Brown University, University, Albany, Michigan State University, National Education Association Locations: Colorado, Washington State

☆ Singapore’s wealth boom hits most sensitive phase
▼ + stars: | 2023-09-06 | by ( Anshuman Daga | ) www.reuters.com time to read: +5 min

REUTERS/Edgar Su Acquire Licensing RightsSINGAPORE, Sept 6 (Reuters Breakingviews) - Singapore’s wealth boom may be set for a pause. The amount involved has almost doubled and banks, realtors and jewellery dealers have been caught up in the ring. It is the most eye-catching saga since 2015 when Singapore’s banks were involved in the 1MDB Malaysian sovereign fund mess. As Singapore’s success as a financial centre grows, so too does its vulnerability to dirty money. A thornier problem is Singapore’s desire to avoid perceptions it is capitalising on the troubles of China, its top trade partner.

Persons: Edgar Su, Una Galani, Katrina Hamlin, Pranav Kiran Organizations: REUTERS, Rights, Reuters, realtors, DBS, Deutsche Bank, Bloomberg, Reuters Graphics Reuters, Monetary Authority of, U.S, Police, Thomson Locations: Marina Bay, Singapore, Rights SINGAPORE, China, Malaysian, Hong Kong, Monetary Authority of Singapore

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