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☆ How RFK Jr's war on obesity in the age of Ozempic could shake up the booming weight-loss industry
▼ + stars: | 2024-11-19 | by ( Rebecca Torrence | Hilary Brueck | ) www.businessinsider.com time to read: +9 min

Robert F. Kennedy Jr.'s proposed appointment to lead the US Department of Health and Human Services could have big consequences for a booming weight-loss market. AdvertisementHis likely appointment comes at a pivotal moment for the weight-loss industry, as long-lasting shortages of drugs like Ozempic come to an end. When Farmbox launched in 2014 to deliver healthy food boxes and educate consumers about nutrition, "nobody wanted to invest in us," Tyrner-Dolce said. Doug Mills-Pool/Getty ImagesKennedy's crusade against Big Food could run up against Trump's pro-corporation agenda, though. AdvertisementWeight-loss companies could get more attention — at a costKennedy's focus on holistic chronic disease care, including obesity care, could see a renewed funding rush to the space.

Persons: Trump, Robert F, Kennedy Jr, Kennedy, he's, Obama, Ashley Tyrner, Dolce, Farmbox, FarmboxRx, Michelle Obama, SAUL LOEB, Kennedy's, Jeff Nobbs, Nobbs, Doug Mills, Elon Musk, Donald Trump Jr, podcaster Joe Polish, Brooke Boyarsky Pratt, There's, Knownwell Pratt, Pratt, John Stanford Organizations: Human Services, US Department of Health, National Institutes of Health, Food and Drug Administration, Trump, Big Pharma, Senate, Novo Nordisk, Centers, Medicare, Services, Getty, Street, Department of Health, US Department of Agriculture, Shack, Business, Big Food, Trump's, KFC, McDonald's, Fox, FDA, Moderna Locations: Pennsylvania, Washington

☆ The outlook for gold — as the granddaddy of gold ETFs turns 20
▼ + stars: | 2024-11-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

The grandaddy of gold ETFs turns 20. Today, for the first time, thanks to the World Gold Council and State Street, you are able to buy gold just like it's a stock." They could own gold mining stocks, but there was an imperfect relationship between gold and gold miners. When the gold ETF was intrduced 20 years ago, there was a very small investor base for gold. In 2014, Van Eck launched the VanEck Merk Gold ETF (OUNZ), which provides the option to redeem shares for physical gold , including gold coins and bars.

Persons: I've, George Milling, Stanley, GLD, Van Eck, George Milling Stanley, We've Organizations: New York Stock Exchange, World Gold Council, State, Investors, U.S . Equity, State Street Global Advisors, United States Oil Fund, Street Global Advisors, Street Global, World Gold, U.S ., Trump, Trust, Street, MiniShares, NYSE, SEC, Edge Locations: United States, London, India, China, Turkey

☆ Trump's trade restrictions could be good for American semiconductor jobs
▼ + stars: | 2024-11-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

AdvertisementThe tariffs Donald Trump proposed while campaigning could help create US semiconductor jobs. To be sure, the impacts of a tariff policy on chips could be mixed. He said that the federal government should have implemented tariffs instead to motivate global chipmakers to build more factories in the US, which would then create jobs. AdvertisementTo be sure, the impacts of a tariff policy on chips could be mixed. In August, the White House said that investments supported by CHIPS Act funding would help create 115,000 construction and manufacturing jobs.

Persons: Donald Trump, podcaster Joe Rogan, Trump, Jeff Koch, SemiAnalysis, Patrick Moorhead, Jeff Ferry, Ferry, Stephen Ezell, Ezell Organizations: US, Industry, Biden, Samsung, Coalition for, Prosperous, Semiconductor Industry Association —, Intel, Information Technology, Innovation Foundation, Apple Locations: Taiwan, China, South Korea, Prosperous America, Arizona, India, United States

CNN —When Elisa Smithers was deployed to Iraq in 2005, there was a ban on women serving in ground combat operations. But she returned home to find she wasn’t offered the same support by the US Department of Veterans Affairs that male combat veterans were offered, Smithers said. Women account for roughly 17.5% of the Defense Department’s active-duty force, according to 2022 data from the agency. Hegseth has specifically criticized having women in roles where strength “is the differentiator,” he said on the podcast last week. She also worries any course reversal on women serving in combat will have a sweeping impact on women serving in other government jobs.

Persons: Elisa Smithers, Smithers, wasn’t, Donald Trump, Pete Hegseth, –, he’s, ”, Hegseth, “, hasn’t, ” Hegseth, Shawn Ryan, ” Smithers, we’ll, Elizabeth Beggs, Let’s, ” Beggs, Beggs, who’ve, Lory Manning, “ I’m, …, ” Manning, it’s, Manning, we’ve, Brandy Cottrill, Cox, “ It’s, ‘ That’s, Sen, Tammy Duckworth, Anna Moneymaker, Illinois Sen, Duckworth, MAGA, Wendy Coop, Wendy Coop Wendy Coop, ” Coop, Coop, don’t, that’s, she’s Organizations: CNN, National Guard, US Department of Veterans Affairs, Fox News, Army, Defense, Warriors, US Army, Army National Guard, Department of Veterans Affairs, Navy, Army Rangers, Army Special Forces, Marine, “ Seals, Rangers, Green Berets, Service, Action, American Civil Liberties Union, “, National Center for Veterans Analysis, Combat, Veterans Families, US Coast Guard, US Army Special Operations Command, US National Guard, Capitol, US Navy, US Naval Academy Locations: Iraq, Afghanistan, Kuwait, Washington , DC, Illinois, St, Augustine , Florida

☆ Polymarket and Kalshi Predicted Trump's Win. Now Comes the Hard Part.
▼ + stars: | 2024-11-12 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +8 min

Days before the election, Polymarket odds showed Trump had a 60% chance of winning. The electorate took notice: Kalshi and Polymarket soared to the top of Apple's App Store on Tuesday evening. Advertisement"Last night, Kalshi showed how prediction markets can decisively outperform polls and traditional media," Kalshi posted on X. And can the prediction markets ride their momentum now that the election's over? Prediction markets are "going to attract people who want to influence public perception," Broughel says.

Persons: Nate Silver, Kamala Harris, Donald Trump, Polymarket, Trump, Kalshi, Shayne Coplan, Coplan, Elon Musk, Taylor Swift, Travis Kelce, Robinhood, There's, Xavier Sottile, Bettors, Sottile, Robert F, Kennedy Jr, he'll, John F, Kennedy, Koleman Strumpf, Strumpf, Broughel, James Broughel, Israel —, — Polymarket, who've Organizations: Trump, CNBC, MIT, Victoria University, Wake Forest University, RFK Jr, Competitive Enterprise Institute, Wall Street Journal, Twitter, New York Times Locations: New Zealand, Kalshi, Ukraine, Iran

☆ Healthcare investors are torn on Trump's second term
▼ + stars: | 2024-11-09 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +11 min

While many tech VCs are optimistic about Trump's second term, some healthcare investors feel stuck. AdvertisementThe lower corporate taxes and deregulation a second Trump term could promise are already amplifying public market optimism. She could be removed as the FTC's head early in Trump's second term — and with relaxed M&A regulations, "anything is possible," said What If Ventures founder Stephen Hays. SOPA Images/Contributor/Getty ImagesMedicaid could also be targeted in Trump's second term. A boon for healthcare AI and Medicare AdvantageTrump's victory could have a positive impact on several big areas of healthcare investment.

Persons: —, Donald Trump's, Trump, He's, he'll, Robert F, Kennedy Jr, Trump's, Michael Greeley, Rebecca Noble, Tesla, JP Morgan Chase, Maven, Omada, Sean Duffy, Lina Khan, Stephen Hays, James Leynse, VCs, Carli Sapir, Jordan Nof, Greeley, Shiv Rao, Kennedy Jr's, Chrissy Farr, Phelps, Phillips, Farr Organizations: Trump, Service, Food and Drug Administration, Centers for Disease Control, Biden, Flare Capital Partners, Getty, Healthcare, Health, Cigna, Humana . Bloomberg, Federal Trade Commission, Investors, Business, Amboy Street Ventures, Tusk Venture, Senate, Affordable, Coalition for Health, Mayo Clinic, Johns Hopkins, Microsoft, Alignment Healthcare, Scrub Locations: Trump's Florida, Tuesday's, Trump's, Boston, America

☆ Steve Madden is getting out of China just days after Trump’s victory. But there’s a catch
▼ + stars: | 2024-11-08 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

One US company, just two days after Trump’s reelection, says it isn’t wasting time getting out of China. Steve Madden, a $3 billion shoe company, announced Thursday that it would rapidly halve its Chinese production to avoid Trump’s tariffs. But here’s the catch: Steve Madden isn’t moving its production to the United States. ‘There for a reason’The retail industry has been crying foul over Trump’s tariffs for quite some time – apparel and shoe companies in particular. Trump’s tariffs could cost the typical middle-income US household more than $2,600 per year, according to research from Peterson Institute for International Economics.

Persons: Donald Trump, Steve Madden, Steve Madden’s, Edward Rosenfeld, “, ” Rosenfeld, Rosenfeld, Trump, Joe Biden, Madden, Laura Champine, ” Champine, it’s, Douglas Holtz, Eakin, Steven Mnuchin, Donald Trump’s, CNN’s Jake Tapper, ” Mnuchin, Mnuchin Organizations: CNN, Trump, Wall Street, National Retail Federation, Companies, Wall, American, Peterson Institute for International Economics Locations: United States, China, USA, Cambodia, Vietnam, Mexico, Brazil, America

☆ Democrat Elissa Slotkin will win Michigan Senate seat, CNN projects
▼ + stars: | 2024-11-06 | by ( Alison Main | ) edition.cnn.com time to read: +5 min

CNN —Rep. Elissa Slotkin will win the competitive Michigan Senate race, CNN projects, keeping the seat in Democratic hands and making her the youngest Democratic woman elected to the Senate. Rogers called Slotkin and conceded the race, according to two sources. “Donald Trump and I were both elected by the people of Michigan. The GOP is also looking to defend its narrow majority in the US House of Representatives, though it remains uncalled. Do not trust him,” Slotkin fired back as Rogers vowed in their first debate that he would not defy the will of the Michigan people in Washington.

Persons: Elissa Slotkin, Mike Rogers, Donald Trump, Rogers, “ Donald Trump, Michiganders, Trump’s, ” Slotkin, “, Slotkin, Democratic Sen, Debbie Stabenow, Michigan’s, Trump, ”, Harris, “ It’s, It’s, Wade Organizations: CNN —, Michigan Senate, CNN, Democratic, House Intelligence, Slotkin, GOP, Biden, Michigan Republican, Oxford High School, Michigan State University, 8th, CIA Locations: Michigan, Detroit, Florida, China, Washington, America, Slotkin, Lansing, Stabenow

☆ A Controversial Vacation Homes Tax Is Dividing Lake Tahoe
▼ + stars: | 2024-11-05 | by ( Amanda Yen | ) www.businessinsider.com time to read: +12 min

My grandparents' vacation cabin in Lake Tahoe is the stuff of legend. My grandparents' little house in South Lake Tahoe, which they bought for $113,000 in 1984, quickly became a haven for my family. Framers of the Tahoe tax measure took inspiration from Berkeley, California, which adopted a vacancy tax this year. Since the city of South Lake Tahoe was incorporated in 1965, it's been populated by a healthy mix of year-round and seasonal residents. As of October 2024, the median sales price for homes in South Lake Tahoe was $750,000, according to Realtor.com.

Persons: George Rose, it's, Amelia Richmond, —, Steve Teshara, Teshara, Frederic Lewis, Sherri Maslyar, Jeff Cowen, we'd, Amanda Yen, I'd Organizations: of Commerce, South Tahoe Association of Realtors, BI, Colorado and, Survey, Tahoe Chamber of Commerce, Realtors ' Association, Business, Tahoe, Planning Association Locations: Tahoe, South Lake, Berkeley , California, Oahu, Colorado, Aspen, Vail, Breckenridge, Bay, Colorado and Utah, Park City , Utah, Richmond, Emerald

☆ JD Vance says pumping more oil will make housing cheaper. Economists say that's a stretch.
▼ + stars: | 2024-11-01 | by ( Eliza Relman | ) www.businessinsider.com time to read: +6 min

Both presidential campaigns have discussed ideas for cutting housing costs. Economists say lowering labor and building material costs is far more important to home building. Housing policy experts and economists disagree, saying lower energy costs would not significantly boost construction or make homes cheaper. Notably, under the Biden administration, the US has produced and exported more crude oil than ever before in the country's history, even as housing costs have soared. AdvertisementLabor costs and cutting red tape are also keyLabor costs are generally growing as a portion of overall construction costs, Basu said.

Persons: JD Vance, Trump, —, Donald Trump, Sen, Vance didn't, I'm, Anirban Basu, they're, Basu, Biden, Andrew Justus, Justus, might've, Vance, Nolan Gray, they'll, hasn't, Kamala Harris Organizations: Service, Biden, Associated Builders and Contractors, Trump, Niskanen, Labor Locations: Nevada, California

In a new motion filed Wednesday, the animal rights organization accused exotic animal broker Tonia Haddix of committing perjury and violating previous court orders, citing the recent HBO docuseries “Chimp Crazy” as evidence. In a January 2022 virtual court testimony featured in “Chimp Crazy,” Haddix sobbed as she insisted under oath that Tonka had died and was cremated. Later, however, authorities found the chimp alive and concealed in a basement cage, according to a June 2022 court filing. In the third episode of “Chimp Crazy,” Haddix said that she and Aswegan sedated Tonka and took him to a hotel. In the same episode, the motion states, Casey referred Haddix to Vierstra as someone who could help her hide Tonka and fake his death.

Persons: Tonia, Buddy, ”, Alan Cumming, Tonka, Haddix, Connie Casey, “, Haddix brazenly, Brittany Peet, Casey, Haddix’s, Jerry Aswegan, Cy Vierstra, ” Haddix, Aswegan, Vierstra, “ Haddix Organizations: PETA, HBO, Missouri Primate Foundation, flagrantly, NBC News Locations: Missouri, Ohio, Vierstra

☆ How the cost of housing is expected to change under Trump or Harris
▼ + stars: | 2024-10-30 | by ( Allie Kelly | John L. Dorman | ) www.businessinsider.com time to read: +7 min

Detailed below is what Harris and Trump have proposed in order to address these worries. Vice President Kamala Harris and former President Donald Trump have both pledged to address high prices by boosting the supply of homes. Related storiesThe Democratic candidate also said she plans to expand the existing low-income housing tax credit, which incentivizes the rehabilitation or building of housing targeted at lower-income households. As president, Trump proposed major cuts to the federal Department of Housing and Urban Development's budget, including slashing housing assistance and community development aid. AdvertisementWhile in office in 2017, Trump proposed a budget for the 2018 fiscal year that would have significantly cut rural housing subsidies.

Persons: Harris, Trump, —, Kamala Harris, Donald Trump, Daryl Fairweather, Redfin, Fairweather, Jessica Lautz, multifamily Organizations: Service, Business, Democratic, Peterson Institute for International Economics, Builders, of Housing, Urban, National Association of Realtors, Democratic Party Locations: America

☆ Harris’ small business pitch resonates in Georgia’s most diverse county. Can it win her the state?
▼ + stars: | 2024-10-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms J-J-_Mccorvey.Jpg | J.J. Mccorvey | ) www.nbcnews.com time to read: +9 min

ATLANTA — The election could be decided in Georgia’s fastest-growing and most ethnically diverse county. Vice President Kamala Harris’ economic pitch has heavily emphasized small-business owners, and those in Gwinnett County — one of the “Decider” counties NBC News is tracking — acknowledge they could use more support. So far, many like what Harris is offering, though some remain undecided just over a week before Election Day. The county is exceptionally diverse, with no single ethnic group comprising more than a third of residents, according to 2020 census data. She also kicked off an “Economic Opportunity Tour” in Atlanta this summer, highlighting the administration’s economic accomplishments for Black communities.

Persons: Joe Biden, Donald Trump, Kamala Harris, Harris, Roberto Correa, Beto’s Tacos, Chris Knowle, Beto's Tacos Roberto Correa, ” Correa, Correa, hasn’t, ”, Fred Hicks, Democratic Sen, Raphael Warnock’s, Elijah Nouvelage, ’, It’s, “, Jerry Parrish, They’ve, Roberto Corea, Tacos Trump, Biden, Laken Riley, ” Trump, Ron Tyler Jr, Tyler, Harris “, Charlamagne, God, Roland Martin, Sharon Catter, Catter, Kris Janovitz, ” Catter, Tad Leithead, Leithead Organizations: ATLANTA, NBC, Democratic, Getty, Gwinnett, Center for American Progress, Metro Atlanta Chamber, University of Georgia, U.S, Trump, Tyler Studios, Payus, Disney, Netflix, Black, Waffle, Microsoft, Target, Quality, Biden Locations: Gwinnett County, Atlanta, Beto’s, Suwanee, Mexico, Georgia, —, AFP, Gwinnett, Duluth, America

An encampment of unhoused people in downtown New Orleans was forcibly relocated by the order of Louisiana Gov. Jeff Landry ahead of this weekend's Taylor Swift concerts, disrupting monthslong housing efforts with less than a week's notice. "It's not like Taylor Swift all of a sudden decided to come to New Orleans," Harris said. We, as a city, knew that Taylor Swift was coming, but there wasn't a conversation had other than last Friday." "So this is working, what we're doing is working," Harris said.

Persons: Jeff Landry, Taylor Swift, Lesli Harris, Swift, Harris, rumblings, Landry, Kate Kelly, ” Kelly, Burger, Joseph Neiswander, Helena Moreno, WDSU, Nathaniel Fields, Nola.com, Taylor Organizations: Louisiana Gov, Caesars Superdome, NBC News, New, Louisiana State Police’s, Louisiana State Police, State, Good, Burger King Locations: New Orleans, Louisiana, Orleans, Nola.com

AdvertisementElon Musk's latest gambit to help elect former President Donald Trump may be illegal, some election law experts say. — Elon Musk (@elonmusk) October 20, 2024In this instance, the problem may be that giveaway participants are required to be registered voters. According to the America PAC website, the giveaway program is "exclusively open to registered voters in Pennsylvania, Georgia, Nevada, Arizona, Michigan, Wisconsin and North Carolina. Other election law experts also said that Musk is either barely toeing the line or has outright broken the law. Rick Hasen, an election law professor at the University of California, Los Angeles, wrote on his blog that the giveaway constitutes "clearly illegal vote buying."

Persons: Elon Musk, —, Elon, Donald Trump, It's, Musk, Richard Briffault, Briffault, he's, Rick Hasen, Hasen, Matthew Alvarez, Tucker, Alvarez, Trump, We're, Josh Shapiro, Shapiro, Tim Walz Organizations: Service, America, Trump, America PAC, Department, Justice Department, Columbia Law School, Department of Justice, University of California, Rutan, DOJ, Musk's America PAC, Pennsylvania, Business, Gov Locations: Harrisburg , Pennsylvania, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Los Angeles

☆ Elon Musk's $1 million giveaway may not be legal
▼ + stars: | 2024-10-21 | by ( Bryan Metzger | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Elon Musk is giving away $1 million each day to a voter who signs a petition. AdvertisementElon Musk's latest gambit to help elect former President Donald Trump may be illegal, according to election law experts. — Elon Musk (@elonmusk) October 20, 2024In this instance, the problem may be that giveaway participants are required to be registered voters. Other election law experts also said that Musk is either barely toeing the line or has outright broken the law. Rick Hasen, an election law professor at the University of California, Los Angeles, wrote on his blog that the giveaway constitutes "clearly illegal vote buying."

Persons: Elon Musk, —, Elon, Donald Trump, It's, Musk, Richard Briffault, Briffault, I'm, he's, Rick Hasen, Josh Shapiro, Tim Walz Organizations: Service, America, Trump, America PAC, Department, Justice Department, Columbia Law School, Department of Justice, University of California, Musk's America PAC, Pennsylvania, Gov Locations: Harrisburg , PA, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Los Angeles

Josh Shapiro on Sunday said that tech mogul Elon Musk's plan to give money to registered voters in Pennsylvania is "deeply concerning" and "it's something that law enforcement could take a look at" during an interview on NBC News' "Meet the Press." Elon Musk in Pennsylvania announced that he would give away $1 million per day to a registered voter until Election Day. Chesnot / Getty Images fileQuestions about the legality of these cash payments abounded on Saturday night, as elections law experts pointed to various provisions in federal law that prohibited making cash payments to voters. Musk and a representative for America PAC did not immediately respond to requests for comment on this story. "It seems like if this law is going to be enforced, it needs to be deterred," Hasen said.

Persons: Josh Shapiro, Elon Musk's, Musk, Shapiro, Donald Trump, He's, Elon, Chesnot, Rick Hasen, ” Hasen, Hasen Organizations: NBC, Press, PAC, Democrat, University of California, Democracy, America PAC Locations: Pennsylvania, Los Angeles

☆ Crypto's $130 million congressional election binge has candidates like Utah's John Curtis poised for big wins
▼ + stars: | 2024-10-19 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

U.S. Rep. John Curtis speaks during the Utah Senate primary debate for Republican contenders battling to win the seat of retiring U.S. Sen. Mitt Romney, June 10, 2024, in Salt Lake City. SALT LAKE CITY — John Curtis, a Republican congressman from Utah, has become a favorite of the crypto industry in his bid to win the Senate seat held by the departing Mitt Romney. "They looked at me like I was from another planet," Curtis told the crowd at the Permissionless conference. Curtis, 64, said he realized then that lawmakers needed to be smarter about regulations and actually understand the user experience. Additionally, the PAC spent more than $1.5 million to oppose Curtis' Republican primary challenger, Trent Staggs.

Persons: John Curtis, Sen, Mitt Romney, Curtis, they'd, Caroline Gleich, James Delmore, Trent Staggs Organizations: Rep, Utah Senate, U.S, CITY, Republican, Democratic, American Jobs PAC, CNBC Locations: Utah, Salt Lake City, Provo

☆ The government is getting fed up with ransomware payments fueling endless cycle of cyberattacks
▼ + stars: | 2024-10-18 | by ( Barbara Booth | ) www.cnbc.com time to read: +7 min

Zeroing in on cyber insurance as a key area for reform comes as the U.S. government scrambles to find ways to disrupt ransomware networks. For many organizations, deciding whether to pay a ransom is a difficult and urgent decision. The hacker group allegedly demanded a ransom to return the stolen data, though it remains unclear whether NPD paid it. Darren Williams, founder of BlackFog, a cybersecurity firm that specializes in ransomware prevention and cyber warfare, is firmly against paying ransoms. UnitedHealth Group experienced this firsthand after its subsidiary, Change Healthcare, was hit by the ALPHV/BlackCat ransom group in April 2023.

Persons: Anne Neuberger, James S, Ann Neuberger, scrambles, Paul Underwood, Underwood, Bryan Hornung, Hornung, I've, they'd, —, Ransom, LVHN, Darren Williams, BlackCat, LoanDepot Organizations: Brady, White, Washington , D.C, National Intelligence, FBI, Xact IT, Social, Lehigh Valley Health, Federal Trade Commission, NPD, Jerico, UnitedHealth Group, Change, Healthcare, LoanDepot Locations: Washington ,, what's, Pennsylvania, U.S

☆ The commercial real estate recovery is on, but the rebound may be uneven
▼ + stars: | 2024-10-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate. That could give interest rate-sensitive sectors such as commercial real estate long-awaited positive momentum. While lower rates are not a "magic bullet," the easing of the Fed's monetary policy "lays the groundwork for a commercial real estate recovery," analysts wrote in a follow-up report in late September. More than $40 billion in transactions occurred during the second quarter, a 13.9% jump quarter over quarter, but still 9.4% lower year over year, according to real estate data intelligence firm Altus Group. While these dynamics could set the stage for a broader recovery, with some major subsectors such as commercial retail real estate picking up in tandem, the path forward will likely be uneven.

Persons: Howard Schnapp, Alan Todd, Todd, Willy Walker, Walker, Dunlop, what's, Wells, Wells Fargo, —, Chad Littell, Littell Organizations: Newsday, Federal Reserve, Bank of America, CNBC, REIT, Real, Board, New York, U.S, Capital Locations: Melville , New York, Wells, U.S, Manhattan, Wells Fargo

☆ Kamala Harris wants to expand student-loan forgiveness for 10,000 doctors and nurses who agree to work in rural areas
▼ + stars: | 2024-10-15 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Vice President Kamala Harris proposed an initiative to expand healthcare in rural communities. It includes recruiting 10,000 more healthcare workers to rural areas and expanding their student-debt relief options. Trump held the lead over rural voters in 2020, gearing up for a fight this election cycle. According to her campaign, Harris plans to recruit 10,000 healthcare professionals to work in rural and tribal areas. Advertisement"They both understand that rural voters are the foundation of our country, and they want rural voters to know that they have a home in their campaign - that is fundamentally about patriotism, freedom and opportunity," Hildreth said.

Persons: Kamala Harris, Trump, —, Harris, it's, Matthew Hildreth, Walz, Hildreth, Donald Trump, — Harris, Tim Walz, Anna Kelly, Kelly Organizations: Service, Public, U.S . Department of Health, Human Services, HHS, Research, General Internal Medicine, Bureau of Labor Statistics, Trump, Republican National Committee Locations: USA

☆ Medical schools and legislation aim to address a worsening doctor shortage that's already hitting rural communities
▼ + stars: | 2024-10-15 | by ( Heather Lindsey | ) www.businessinsider.com time to read: +9 min

A doctor shortage is projected to hit 86,000 by 2036. According to the Rural Medical Training Collaborative, 133 rural residencies in family medicine and 69 rural-track programs are recruiting for 2025 enrollment, along with 30 internal-medicine residencies and 16 psychiatry residencies. Several pieces of legislation have also been introduced to Congress to address the doctor shortage. For example, HR 7855, the Association of American Medical Colleges-endorsed Rural Residency Planning and Development Act of 2024, would codify the Rural Residency Planning and Development Program, which funds the startup costs of residency training in rural areas, Dill said. From 2019 to 2024, the program has enabled the launch of 46 accredited rural residency programs across 38 states and Puerto Rico.

Persons: —, Mellisa, Case, Michael Dill, Bruce Scott, Scott, they're, Dill, Molly Fox, Fox, Catherine, Chase Hearn, he'd, I've, Hearn, Hollie Davis Frick, Davis Frick Organizations: Healthcare, Service, Association of American Medical Colleges, American Medical Association, Medicare, Kansas Health Science University, KHSU's Kansas College of Osteopathic Medicine, Catherine Hospital, OB, Oregon Health & Sciences University, Rural, Development, Patel, Group, Conrad State Locations: Prineville , Oregon, Portland, Bend, Louisville , Kentucky, Garden City, Wichita, Oregon, Crook, Puerto Rico, Conrad

☆ Op-ed: Here's how to incentivize your kid to start investing for retirement
▼ + stars: | 2024-10-13 | by ( Winnie Sun | ) www.cnbc.com time to read: +6 min

While you're doing so, it's also important to consider what counts as "earned income" for a child's Roth IRA. The maximum annual contribution for 2024 is $7,000 or the total of the child's earned income for the year — whichever is less. For instance, if a 16-year-old works at a coffee shop and earns $4,000 over the summer, that $4,000 qualifies as earned income. Earnings from a part-time job, such as working at a grocery store, fast food restaurant, or retail shop, count as earned income. For instance, if a 16-year-old works at a coffee shop and earns $4,000 over the summer, that $4,000 qualifies as earned income.

Persons: Momo, you've, Roth, it's, child's Roth Organizations: Stone, child's Roth IRA, Facebook, IRS

☆ Influencers rode out Hurricane Milton for the content. Why are we watching?
▼ + stars: | 2024-10-12 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

He then decided to stay put for Hurricane Milton, posting about his prep and decision to ride out the latest storm. But the trend was a reminder of how social media can make dangerous situations worse. TikTok also directed users who watched or searched for Hurricane Milton content to information from the US Federal Emergency Management Agency. But social media users (myself absolutely included) also incentivize this kind of creator behavior, by scrolling and watching. Many of the creators who shared content from the heart of the storm racked up thousands of likes and comments.

Persons: Milton, Instagram influencer, “, Why’s y’all, Hurricane Helene, Hurricane Milton, Hurricane Helene —, it’s, ”, Brooke Erin Duffy, ” Duffy, TikTok, Instagram, Duffy, Krysten Stein, ” Stein Organizations: New, New York CNN, Sarasota, Tampa, Hurricane, Cornell University ., Hurricane Milton, Federal Emergency Management Agency, CNN, University of Cincinnati Blue Ash College, “ Locations: New York, Florida, Sarasota, Tampa, Hurricane

☆ Elon Musk's Robotaxi is still miles away from overtaking Uber and Waymo in the ride-hailing race
▼ + stars: | 2024-10-11 | by ( Shubhangi Goel | Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

AdvertisementIf Elon Musk can fully deliver on his plans to make Tesla's Robotaxi the new go-to mode of transport, he could bring an end to the ride-hailing economy as we know it. "Tesla's vehicles, sensors, and software will all need to be approved in any market they hope to enter. "Until Tesla robotaxis are transporting 100,000 paying customers a week around major American cities like Waymo does, Tesla Robotaxi is nothing more than the latest work of fiction to come out of the Warner Bros. "We also believe TSLA could struggle to scale fleet operations without offering access to demand via Uber/Lyft." Uber is already preparing for a future of electric cars and autonomous vehicles without Tesla's involvement.

Persons: BYD, —, Elon, aren't, Tesla, Uber, Musk, Jefferies, John Colantuoni, Paul Miller, Forrester, Dan O'Dowd, Waymo, I've, Gene Munster, Brian Baker, Matt Bryson, Dara Khosrowshahi, We're Organizations: Service, Warner Bros, Tesla, Warner Bros ., Asset, Jefferies, Tesla's, BYD, Aurora, AV Locations: Burbank , California

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