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It marked the longest a genetically modified pig kidney has ever functioned inside a human, albeit a deceased one. “Two months is a lot to have a pig kidney in this good a condition. Political Cartoons View All 1160 ImagesSo-called xenotransplantation attempts have failed for decades — the human immune system immediately destroyed foreign animal tissue. Montgomery gambled that maintaining Miller's body on a ventilator for two months to see how the pig kidney worked could answer some of those questions. She recently got a card from a stranger in California who's awaiting a kidney transplant, thanking her for helping to move forward desperately needed research.

Persons: gurney, Maurice “ Mo ” Miller, “, Dr, Robert Montgomery, Montgomery, ”, Mary Miller, Duffy, Miller, ” Miller, Sue Duffy, Montgomery’s, immunologist Massimo Mangiola, Jeffrey Stern, Karen Maschke, Mangiola Organizations: NYU Langone, Food and Drug Administration, Associated Press, University of Maryland, FDA, NYU, Hastings Center, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Newburgh , New York, California

☆ Ford’s former CEO has a stark warning for both the UAW and automakers
▼ + stars: | 2023-09-13 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

“The automakers can’t plead poverty,” Fields told CNN on Wednesday, noting the industry’s recent string of profitable years. [Automakers’] CEO pay went up 40%. “But I do think he’s quite misplaced in that if there’s a work stoppage… there will be lots of people hurt,” the former Ford CEO said. However, economists say a UAW strike is unlikely to cause a recession, though it would do damage to local economies and parts suppliers. You can’t fault them for trying to deal with inflation that is hurting their families,” the former Chrysler CEO said.

Persons: Mark Fields, ” Fields, “, ”, Jim Farley, Fields, CNN’s Vanessa Yurkevich, “ We’re, ” Farley, Shawn Fain, ’, ” Fain, Jake Tapper, Bob Nardelli, ” Nardelli, Goldman Sachs, “ It’s, Fain, Nardelli, Ron Gettelfinger, Ford, CNN’s Chris Isidore Organizations: New York CNN Business —, Detroit, Ford, GM, CNN, Chrysler, United Auto Workers, UAW, UPS, American Airlines, West Coast, TPG Capital, Anderson Economic Group, Big Locations: Mexico, Chihuahua

☆ Britain faces 'epidemic' of shoplifting as Primark profits hit
▼ + stars: | 2023-09-12 | by ( James Davey | ) www.reuters.com time to read: +2 min

Sadly, in the last year we've seen twice as many offences," Sharon White, chair of the John Lewis Partnership that owns department stores and Waitrose supermarkets, told BBC Radio. Weston said some of the theft was "quite organised" and Primark was also seeing higher levels of anti-social behaviour. His comments echo those of Tesco (TSCO.L) CEO Ken Murphy, who earlier this month said Britain's biggest supermarket chain was offering body-cams to staff who need them. Murphy also called for a change in the law to make abuse and violence towards retail workers a specific offence in Britain. Target (TGT.N), Foot Locker (FL.N) and Dick's Sporting Goods (DKS.N) have all warned that profits have been under pressure from loss of inventory due to theft at their stores.

Persons: John Lewis, It's, we've, Sharon White, White, shoplifters, George Weston, Weston, Primark, Ken Murphy, Murphy, James Davey, Mark Potter Organizations: Police, Foods, John Lewis Partnership, Waitrose, BBC Radio, British Foods, Crown Prosecution Service, Reuters, Tesco, Dick's Sporting, Thomson Locations: Britain, United States

☆ Higher labor costs will find their way into the final price of a car: Fmr. Ford CEO Mark Fields
▼ + stars: | 2023-09-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigher labor costs will find their way into the final price of a car: Fmr. Ford CEO Mark FieldsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Mark Fields, Brian Sullivan, “ Organizations: Ford, CNBC

☆ Frattesi double gives Italy win over Ukraine in Spalletti's home debut
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

MILAN, Sept 12 (Reuters) - Italy's Davide Frattesi struck twice for a 2-1 win over Ukraine in their Euro 2024 Group C qualifier on Tuesday to provide new manager Luciano Spalletti with a promising start on home soil. Italy were held to a 1-1 draw away to North Macedonia on Saturday in Spalletti's debut match so the pressure was on the former Napoli coach to deliver at San Siro. Italy are now second in the standings on seven points ahead of Ukraine on goal difference and with a game in hand on all their group rivals. "There was a lot of pressure in recent weeks, and I had to understand many things in a short time," Spalletti told RAI. Just before the half-hour mark Frattesi got his second goal by calmly slotting home once again from close range, capitalising on a ricocheted shot.

Persons: Italy's Davide Frattesi, Luciano Spalletti, Spalletti, it's, Mattia Zaccagni, Frattesi, I've, Andriy Yarmolenko, Manuel Locatelli, Tommy Lund, Clare Fallon, Ken Ferris Organizations: Ukraine, Napoli, England, RAI, Inter Milan, Inter, Thomson Locations: Italy, Macedonia, San Siro, Ukraine, Sassuolo, Gdansk

MANILA, Philippines (AP) — There was a long flight awaiting USA Basketball on Monday. And now, every bit of USA Basketball’s focus shifts to the Paris Olympics — where the challenge will be even tougher than the World Cup, which again reminded the Americans how much the FIBA game has changed. “The narrative about USA Basketball and FIBA, and do we need reminders, we’re past that,” U.S. coach Steve Kerr said. We do a great job as an organization at (USA Basketball) as far as respecting the game. Those are the colors of the uniforms USA Basketball will be wearing.

Persons: Steve Kerr, ” Kerr, — Erik Spoelstra, Tyronn Lue, Mark Few, Grant Hill, Sean Ford, “, ”, Carmelo Anthony, Austin Reaves, Josh Hart, Jalen Brunson, Anthony Edwards, “ I’ll, Bridges, Stephen Curry, Kevin Durant, LeBron James, Bam Adebayo, Devin Booker, Jayson Tatum, Draymond Green, we’ve, “ We’ve, Joel Embiid, he’s, Tim Reynolds, ap.org ___ Organizations: USA, Paris, NBA, Paris Olympics —, FIBA, USA Basketball, Olympics, Paris Games, Basketball, Tyrese, United, Paris Olympics, Associated Press, AP Locations: MANILA, Philippines, Manila, Los Angeles, U.S, Paris, men’s, America, Tyrese Haliburton, USA, Canada, Tokyo, United States, France, Cameroon, treynolds

☆ Ford calls drop-goals 'crucial weapon' after England overcome Argentina
▼ + stars: | 2023-09-10 | by ( Nick Said | ) www.reuters.com time to read: +2 min

They were aided early on by the trio of drop-goals from Ford that moved them into a 12-3 lead and transferred the pressure onto the South American side. "The crucial one was the third one, which took us more than seven points ahead," Ford told reporters. Ford said all the England flyhalves practice drop-goals at every training session in preparation for games like Saturday’s clash in Marseille. "It is such a crucial weapon and we have seen before how influential they are at World Cups." "We were laughing in the change-room, out of this squad (scrumhalf) Danny Care was the guy with the most drop-goals for England.

Persons: George Ford, Tom Curry, Ford, Beer, Jonny Wilkinson, Danny Care, Nick Said, Hugh Lawson Organizations: Rugby, Argentina, Saturday, England, Ford, France, Thomson Locations: MARSEILLE, France, England, Marseille, Africa

☆ Florida's mega-rich could pay $600K for annual home insurance in elite enclaves as the state is slammed with increasingly severe hurricanes
▼ + stars: | 2023-09-09 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Insurance rates in Florida have tripled in recent years, according to Bloomberg. For the ultra-rich, insurance companies could sell five- to six- figure policies. Homeowners across Florida have seen rates increase threefold in the past few years, the report found. Weather risks, along with a combination of other factors, have caused insurance companies to pivot and stop issuing new policies in Florida. California, a state that is prone to wildfires and extreme weather, has also experienced an exodus of insurance companies.

Persons: Diddy, Jennifer Lopez, Ken Griffin, Idalia, Mark Friedlander, Oscar Seikaly Organizations: Bloomberg, Service, Homeowners, Citadel, Sunshine State, National Weather Service, Insurance Information Institute, Farmers Insurance, AAA, Farm, Allstate, NSI Insurance Locations: Florida, Wall, Silicon, Florida's, Star, Texas, . California, Napa Valley

☆ British heatwave brings hottest day of 2023 so far
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +1 min

Companies Met Office FollowLONDON, Sept 9 (Reuters) - Britain recorded its hottest day of 2023 so far on Saturday, with provisional data showing a high of 33.2 degrees Celsius (91.8 degrees Fahrenheit) at London's Kew Gardens. [1/5]Beachgoers cool off in the water during hot weather in Brighton, Britain, September 9, 2023. The Met Office said last week that Britain had experienced its eighth warmest summer since 1884, with June the hottest on record in the country. In July 2022, Britain recorded its hottest ever day when temperatures topped the 40 C mark for the first time. Reporting by James Davey; Editing by Clelia Oziel and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Jasso, Saturday, James Davey, Clelia Oziel, Alexander Smith Organizations: REUTERS, Met Office, Britain, Thomson Locations: Britain, London's, Brighton

☆ UK records hottest day of the year so far -Met Office
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +1 min

[1/5] Beachgoers cool off in the water during hot weather in Brighton, Britain, September 9, 2023. REUTERS/Carlos Jasso Acquire Licensing RightsCompanies Met Office FollowLONDON, Sept 9 (Reuters) - Britain recorded its hottest day of the year so far on Saturday, the country's national weather service said, with provisional data showing a high of 32.7 degrees Celsius (90.9 degrees Fahrenheit) at Heathrow airport. The Met Office said Saturday was also the sixth day in a row the UK has recorded a temperature over 30 C - well above average for the time of year. The Met Office said last week that Britain had experienced its eighth warmest summer since 1884. In July 2022, Britain recorded its hottest ever day when temperatures topped the 40 C mark for the first time.

Persons: Carlos Jasso, James Davey, Clelia Organizations: REUTERS, Heathrow, Met, Met Office, Britain, Thomson Locations: Brighton, Britain

London CNN —Workers at Chevron’s liquified natural gas facilities in Australia have begun to walk off the job in a dispute that threatens as much as 7% of global supplies and could add to rising pressure on energy prices. The alliance represents 500 workers at the Gorgon and Wheatstone facilities, both off the coast of Western Australia. “Unfortunately, following numerous meetings and conciliation sessions before the Fair Work Commission, we remain apart on key terms,” a Chevron spokesperson said. “The unions continue to seek terms that are above and beyond equivalent terms with others in the industry, including in agreements recently reached.”News of the breakdown in talks sent European natural gas prices rising. The two Chevron sites are hugely significant, accounting for approximately 6% of global supply, according to analysts at ANZ.

Persons: ” Ben Cahill, Kunro Irie, Daniel Toleman, Wood Mackenzie, ”, — Juliana Liu Organizations: London CNN — Workers, Australian Offshore Alliance, Chevron, Facebook, ”, European Commission, “, Center for Strategic, International Studies, ANZ, Offshore Alliance Locations: Australia, Western Australia, Europe, Russia, Ukraine, Saudi Arabia, United States, Qatar, Asia

Shannon Brandt, of Glenfield, North Dakota, pleaded guilty in May to manslaughter in connection with Cayler Ellingson's death in September 2022, in McHenry, North Dakota. Brandt initially claimed he ran Ellingson over after a political argument and that the teen had threatened him and was part of a radical group, according to court documents. Political Cartoons View All 1148 ImagesHe was initially charged with criminal vehicular homicide, which was later dropped. Brandt had also been charged with leaving the scene of the fatality, since dismissed in a plea deal. Brandt called 911 and told a dispatcher he had hit a man with his vehicle and requested an ambulance, according to the court document.

Persons: Donald Trump, ”, Shannon Brandt, Cayler, Brandt, Trump, Ellingson, Kara Brinster, “, Brinster, Mark Friese, It's, Friese Organizations: N.D, Republican, Associated Press Locations: BISMARCK, North Dakota, Glenfield , North Dakota, McHenry , North Dakota, Glenfield

Kim Mulkey, the coach of defending national champion LSU, has agreed to a 10-year contract worth about $32 million that will set a new mark for the richest coaching contract in women's college basketball, according to a person with knowledge of the deal. The deal also still needs approval from the LSU Board of Supervisors, who are scheduled to vote on it Friday. The Hall of Fame coach has been at LSU for two seasons, during which she has taken a program that missed the NCAA Tournament three seasons ago and elevated it to the pinnacle of its sport. It was her fourth national title as a head coach — the first three coming at Baylor, where she coached from 2000 to 2021. Her record at LSU in two seasons combined is 50-8, with NCAA Tournament appearances both years.

Persons: Kim Mulkey, —, Angel Reese, Hailey Van Lith, UConn's Geno Auriemma, Dawn Staley Organizations: LSU, Associated Press, Supervisors, of Fame, NCAA, Baylor, Cardinals, AP, womens Locations: Baton Rouge, Louisville

☆ UK government vows escaped terrorism suspect will be found
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +3 min

[1/3] A wanted sign featuring an image of Daniel Abed Khalife, a former soldier who is suspected of terrorism offences, is displayed, near Wandsworth prison which he escaped from, in London, Britain, September 7, 2023. "Daniel Khalife will be found and he will be made to face justice," Alex Chalk, the government's justice minister, told parliament. Police said he was not thought to pose a risk to the wider public but advised people not to approach him. Opposition lawmakers have demanded answers into how he had been able to escape and why he was not being held at a maximum security prison. Reporting by Michael Holden, Farouq Suleiman and Muvija M; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Abed Khalife, Anna Gordon, strapping, Daniel Khalife, Alex Chalk, Khalife, Chalk, Mark Fairhurst, Michael Holden, Farouq Suleiman, Muvija, Chizu Organizations: REUTERS, London's HMP, Police, Officers, Association, Thomson Locations: Wandsworth, London, Britain, London's, London's HMP Wandsworth, England

☆ Asia markets mixed after Saudi Arabia and Russia extend oil cuts
▼ + stars: | 2023-09-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Storage tanks and oil processing facilities operate beside the Arabian Sea at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. The upcoming OPEC+ meeting in Vienna will result in an oil production cut "of some historic kind", said CIO of Pickering Energy Partners, Dan Pickering. Asia-Pacific markets are mixed after Saudi Arabia and Russia extended voluntary oil production cuts to the end of the year. Saudi Arabia will extend its cut of 1 million barrels per day until the end of December, while Russia will reduce its oil exports by 300,000 barrels per day. Brent crude futures settled at $90.04 a barrel, closing above the $90 mark for the first time since November.

Persons: Dan Pickering Organizations: Pickering Energy Partners, Brent, . West Texas Locations: Saudi, Ras Tanura, Saudi Arabia, OPEC, Vienna, Asia, Pacific, Russia

European stocks opened lower Wednesday, as investors focused on oil market moves after Saudi Arabia and Russia extended a set of voluntary oil supply cuts to the end of the year. The regional Stoxx 600 index was down by 0.6% at 8:43 a.m. London time, with most sectors in the red. European marketsAll three major U.S. indexes lost ground as the rise in crude oil prices weighed on stocks late on Tuesday, while Asia-Pacific markets were mixed overnight. Brent crude futures settled at $90.04 a barrel, closing above the $90 mark for the first time since November. U.S. West Texas Intermediate crude futures traded near $86.87 a barrel, also a 10-month high.

Organizations: Brent, . West Texas Locations: Saudi Arabia, Russia, London, Asia, Pacific

☆ Oil prices edge higher on supply woes as Saudi, Russia extend output cuts
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: +1 min

Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. Oil prices ticked up on Thursday, as markets worried about a supply shortage after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year. Near-term prices for oil traded on Tuesday at their steepest premium since November to later-dated prices, reflecting concern about tight near-term supplies. The Saudi and Russian voluntary cuts are on top of the April cut agreed by several OPEC+ producers, which extends to the end of 2024. Both countries will review the cut decisions monthly to consider deepening cuts or raising output depending on market conditions, SPA and Novak said.

Persons: Alexander Novak, Novak Organizations: Brent, U.S . West Texas, Saudi Locations: Russia, Saudi Arabia

☆ Blinken, in Kyiv, Says U.S. Will Send $1 Billion More in Aid
▼ + stars: | 2023-09-06 | by ( Constant Méheut | ) www.nytimes.com time to read: +6 min

The aid will also include demining assistance to clear Russian land mines and prevent the remnants of war from causing further harm to civilians, Mr. Blinken said. It includes ammunition made with depleted uranium for Abrams tanks, which are scheduled to arrive in Ukraine this fall, Mr. Blinken said. Mr. Blinken traveled by train to Kyiv with Denmark’s prime minister, Mette Frederiksen, according to a State Department statement. He was replaced by Rustem Umerov, who has been the chairman of Ukraine’s State Property Fund. A senior State Department official told reporters traveling with Mr. Blinken that the effort was aimed at “putting global support on a long-term, sustainable path.

Persons: Antony J, Blinken, Biden, Dmytro Kuleba, Volodymyr Zelensky, ” Mr, Zelensky, ”, “, Lynsey Addario, Mr, Mette Frederiksen, Blinken’s, Oleksii, Rustem Umerov, Umerov’s, Tyler Hicks, Putin, Vladimir V, Russia, Erin Mendell, Anushka Patil Organizations: Ministry of Foreign Affairs, Kyiv, United, Pentagon, The New York Times, Ukraine’s, Department, Property Fund, 22nd Mechanized Brigade, State Department Locations: Kyiv, Ukraine, U.S, United States, matériel, Kostyantynivka, Ukrainian, ”, Russia, “, Denmark, Ukraine’s, Bakhmut, Israel

☆ An escalating dispute at major gas facilities in Australia could drive up European prices, analysts say
▼ + stars: | 2023-09-06 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

Liquefied natural gas (LNG) storage units at Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. Jacob Mandel Senior research associate for global energy markets at Aurora Energy ResearchFears of strike in Australia, one of the world's biggest exporters of liquified natural gas (LNG), have recently pushed up European gas prices — and analysts expect near-term volatility to persist. Jacob Mandel, senior research associate for global energy markets at U.K.-based consultancy Aurora Energy Research, said the global natural gas market was currently "very tight" and "very little supply flexibility" means that strike action in Australia could send European gas prices higher. He said that European gas prices could climb to above 40 euros ($42.9) per megawatt hour if the strikes go ahead as planned. The front-month gas price at the Dutch Title Transfer Facility (TTF) hub, a European benchmark for natural gas trading, traded at 33.5 euros on Tuesday.

Persons: Dan Kitwood, Jacob Mandel, Mandel, we've, Ramesh, Wheatstone, Henning Gloystein, Gloystein Organizations: National Grid, Getty, CNBC, Chevron, Offshore Alliance, Wheatstone, Fair, Aurora Energy, Aurora Energy Research, videoconference, Rystad Energy, Europe, EU, Eurasia Group Locations: Isle, Rochester , England, Western Australia, Chevron Australia, Australia, Europe, Japan, Korea, wean, Ukraine, Russia

For the better part of an hour, he might be the only person. Mr. Haugen has worked for more than half of his 52 years as a fire lookout, scanning the larch and pine wilderness from a one-room mountaintop cabin. More and more, he stands at another divide, too: between human jobs and automation. The chief of the U.S. Forest Service, Randy Moore, told lawmakers in March that the agency was moving away from humans in watchtowers. “We need to lean much further into the technology arena,” he said.

Persons: Leif Haugen, Haugen, mutt, Ollie, Randy Moore, ” Organizations: U.S . Forest Service Locations: Montana, West

Investors had expected Saudi Arabia and Russia to extend voluntary cuts into October, but the three-month extension was unexpected. "This is a clear indication that oil prices trump volume (for Saudi Arabia)," said Jorge Leon, senior vice president at Rystad Energy. "These bullish moves significantly tighten the global oil market and can only result in one thing: higher oil prices worldwide," Leon added. Both Saudi Arabia and Russia said they would review the supply cuts monthly, and could modify them depending on market conditions. Along with the Saudi supply cuts, which began in July, prospects of the U.S. economy avoiding a hard recession have helped lift oil demand and prices in recent months.

Persons: Nick Oxford, Brent, Goldman Sachs, Jorge Leon, Leon, Giovanni Staunovo, Shariq Khan, Natalie Grover, Katya Golubkova, Andrew Hayley, Andrea Ricci, Nick Macfie, Timothy Gardner Organizations: Midland , Texas U.S, REUTERS, Brent, . West Texas, Investors, Rystad Energy, UBS, Thomson Locations: Midland , Texas, Saudi Arabia, Russia, BENGALURU, 4Q23, U.S, Saudi

☆ Is Travel Insurance Worth It?
▼ + stars: | 2023-09-05 | by ( Kat Tretina | ) www.wsj.com time to read: +12 min

Trip cancellation and interruption coverage is the most common form of travel insurance, making up nearly 90% of travel protection plans sold. Travel medical: When you travel to another country, typical health insurance plans — including Medicare — don’t cover you. Like all forms of insurance, travel insurance policies don’t cover every event that can impact your vacation. “When you travel using airline miles and hotel points, most credit card travel insurance policies won’t cover the trips,” says Huffman. “If you do not get travel insurance, you are rolling the dice,” says Hines, who adds she always recommends travel insurance to her clients.

Persons: Kat, we’ve, it’s, ”, Tiffany Hines, Mark Friedlander, ” What’s, Friedlander, Lee Huffman, Huffman, Kevin Payne, Payne, Hines, “ We’ve, won’t Organizations: Global, Travel, Insurance Information Institute, Disease Control, Prevention, World Health Organization, Spirit Airlines, Delta, Allianz Travel Locations: Athens , Georgia, Europe, U.S

☆ Deforestation in Brazil's Amazon falls 66% in August
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +3 min

In the first eight months of the year, INPE's figures showed, deforestation has fallen a cumulative 48% from the same period of 2022. Brazil last month hosted a major rainforest summit, where eight Amazon nations agreed to a list of unified environmental policies and measures to bolster regional cooperation but failed to agree on a common goal for ending deforestation. "We are experiencing a new moment, with more assertive policies and greater political will in favor of the Amazon," WWF-Brasil's director, Mariana Napolitano, said. But more is still needed, including traceability and transparency in the trade of livestock, gold and other commodities, she added. Reporting by Gabriel Araujo and Peter Frontini; editing by Jonathan Oatis and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruno Kelly, Marina Silva, INPE, Luiz Inacio Lula da Silva, Jair Bolsonaro, Lula, Bolsonaro, Mariana Napolitano, Gabriel Araujo, Peter Frontini, Jonathan Oatis, Sandra Maler Organizations: REUTERS, Environment Ministry, Thomson Locations: Uruara, Para, Brazil

☆ Fmr. Ford CEO Fields: 'You have to make over $100 thousand per year to afford a new car right now'
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Ford CEO Fields: 'You have to make over $100 thousand per year to afford a new car right now'Mark Fields, Former Ford CEO, joins 'Closing Bell Overtime' to talk Tesla's stock slump, the auto industry at large and a looming UAW strike.

Persons: Fields Organizations: Ford, UAW

CEDAR KEY, Fla. — As cleanup begins in the aftermath of Hurricane Idalia, the storm has served as a stark reminder that Florida's insurance industry remains in flux. But many of those homeowners face uncertainty amid the upheaval that has emerged in Florida's insurance industry in recent years. A thinning insurance market that is beset by more regular hurricanes has caused insurance policy costs to skyrocket. The state's insurance industry is preparing to lose four insurers since last year — Farmers Insurance, Bankers Insurance, Centauri Insurance and Lexington Insurance. Aggravating the problem, 82% of Floridians do not have flood insurance, which is typically operated by the National Flood Insurance Program, a federal program run by the Federal Emergency Management Agency.

Persons: Idalia, Chris Draghi, That's, Gregory Buck, Buck, Aimee Firestine, Firestine, Amy Bach, United, Bach, Mark Friedlander, Friedlander, Gabe Gutierrez, Phil McCausland, Melissa Chan Organizations: Insurance Information Institute, U.S, — Farmers Insurance, Bankers Insurance, Centauri Insurance, Lexington Insurance . Farmers Insurance, National, Experts Insurance, Homeowners, Insurance, Property Insurance Corp, National Flood Insurance, Federal Emergency Management Agency, Congress, First Street Foundation, FEMA, Cedar Key Locations: Fla, Florida's Big Bend, Florida, Georgia, Florida , Georgia, South Carolina, Cedar, America, Taylor County, Bend, New York City

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