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☆ The Fed’s long-awaited rate cut is colliding with presidential politics
▼ + stars: | 2024-09-18 | by ( Kayla Tausche | ) edition.cnn.com time to read: +7 min

Vice President Kamala Harris called the rate cut “welcome news,” while former President Donald Trump suggested, without evidence, that the decision could be politically motivated. With less than 50 days until Election Day, another question has emerged: Will the rate cut matter to voters? In fact, they already have – mortgages are based on bond yields, which have fallen in recent weeks in anticipation of a rate cut. Harris responded to the rate cut by saying she’s focused on bringing down prices. This story has been updated with reaction to the Fed’s rate cut announcement.

Persons: Biden, Joe Biden, Ukraine —, ’, —, “, ” Biden, Kamala Harris, ”, Donald Trump, Zoila Sanchez, CNN’s John King, ” Sanchez, King, ” Homebuyers, Powell, Jason Furman, Barack Obama’s, “ It’s, ” Furman, George H, Bush, Bill Clinton’s “, –, Clinton, Aaron Klein, ” Klein, Harris, she’s, Trump, they’re, ” Trump, Steve Moore, Powell sanctimoniously, ” Moore, ” Powell, Moore Organizations: CNN, Reserve, White House, Economic, of Washington, Financial, St, Louis Federal Reserve, Brookings Institution, “, Biden, Fed, SPAN Locations: trillions, Ukraine, Nevada, New York

LONDON (AP) — A man who was arrested on suspicion of manslaughter in the death of American ice hockey player Adam Johnson, whose neck was cut by a skate during a game, was released on bail Wednesday. He was arrested on Tuesday, and released on bail on Wednesday pending further inquiries. Petgrave skates toward Johnson and collides with another Panthers player. Petgrave's left skate kicks up as he begins to fall and the blade hits Johnson in the neck. It would be rare, but not unprecedented, for a hockey player to be charged.

Persons: Adam Johnson, Johnson, Matt Petgrave, Petgrave's, Petgrave, Adam, Becs Horsfall, Giacinto, Jim ” Boni, Miran, Schrott, Boni, Marty McSorley, Todd Bertuzzi, McSorley, Donald Brashear, Bertuzzi, Steve Moore, Westin Michaud, Matt, " Michaud, Let’s, ”, Rod Pasma, Pasma, we’re, ” Pasma, “, Dr, Willem Meeuwisse, ” Meeuwisse, Stephen Whyno, ___ Organizations: Nottingham Panthers, Sheffield Steelers, Elite Ice Hockey League, South Yorkshire Police, Sheffield, NHL, Steelers, Panthers, Nottingham, Pittsburgh Penguins, Ice Hockey Association, Elite League, AP, Canadian Press Locations: England, Italy, Canada, Minnesota, Toronto, Washington

☆ The economy is very fragile with inflation still hurting poorer Americans, economist Steve Moore says
▼ + stars: | 2023-08-10 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

But Steve Moore believes the economy still looks "very fragile". Inflation is still sapping poorer Americans' purchasing power, he told Fox Business Wednesday. Top economist Steve Moore is urging caution, though – warning the economy is not as robust as it seems. Moore sees high food and energy prices as the main threat to the economy's health, ahead of July's Consumer Price Index report, set to be released Thursday. Other economists, such as Nobel laureate Paul Krugman, believe massive food inflation has been driven by Russia's invasion of Ukraine, rather than Biden's fiscal policies.

Persons: Steve Moore, Moore, Paul Krugman, Vladimir Putin, Krugman Organizations: Fox Business, Service, Federal Reserve, Heritage Foundation, July's, Biden, New York Times Locations: Wall, Silicon, Ukraine, Russia

Jan 6 (Reuters) - Pharmacies across the United States are weighing whether to sell mifepristone, a pill used in medication abortions, following the Food and Drug Administration's announcement earlier this week that they can now do so. The FDA rule will make medication abortion, which accounts for more than half of U.S. abortions, more accessible in states where abortion remains legal, but its impact on pharmacies in the states that have banned abortion remains to be seen. The pharmacy is located near Florida's borders with Georgia and Alabama, where abortion is severely restricted. We're not near an abortion clinic or in a larger city where that happens more," she said. Steve Moore, pharmacist and owner of Condo Pharmacy in Plattsburgh, New York, a state where abortion is legal, plans to dispense the drug.

Pharmacies across the United States are reporting shortages of one of the most widely used antibiotics, raising concerns that the medication will be in short supply for the upcoming winter season. Three key amoxicillin manufacturers — Hikma Pharmaceuticals, headquartered in the United Kingdom; Sandoz, based in Switzerland; and Teva Pharmaceutical Industries Ltd., headquartered in Israel — are reporting shortages of the antibiotic, according to the American Society of Health-System Pharmacists, which maintains a database of drug shortages. Because amoxicillin is an antibiotic, it is not used to treat infections caused by viruses, such as Covid, the flu or RSV (respiratory syncytial virus). Pharmacists said they are worried if the shortage lingers through the winter, when infections can surge and antibiotic use typically increases. “However, there are a number of factors that can cause or contribute to drug shortages that are out of the FDA’s control.

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