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☆ Florida’s home insurer of last resort is in serious trouble. Will Milton put it over the edge?
▼ + stars: | 2024-10-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +13 min

Flood waters inundated a neighborhood after Hurricane Milton came ashore on October 10 in Punta Gorda, Florida. Andrew West/The News-Press/USA Today Network/Imagn Images A vehicle drives though a flooded street after Hurricane Milton in Siesta Key on Thursday. Rebecca Blackwell/AP The roof of Tropicana Field, destroyed by Hurricane Milton, is seen in St. Petersburg on Thursday. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday.

Persons: Hurricane Helene, Hurricane Milton, Ron DeSantis, Joe Raedle, Milton, Helene, ” Mark Friedlander, ”, ’, Hurricane Ian, Giorgio Viera, Rebecca Blackwell, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Julio Cortez, Austin, Sean Rayford, Marta Lavandier, Jefferee Woo, Cristobal Herrera, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, Floridians ’, Denise Rappmund, Rappmund, Bobby Atwood, Atwood, won’t, isn’t Organizations: New, New York CNN, Property Insurance Corp, Citizens, Dade, “, Insurance Information Institute, CNN, DeSantis, Republican, CNBC, Hurricane, Getty, AP, USA, Daytona, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Moody’s Investors Service Locations: New York, Florida, Miami, Monroe, Hurricane, Punta Gorda , Florida, Central Florida, Lakewood Park , Florida, Siesta Key, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, St . Petersburg, Punta Gorda, Odessa , Florida, Venice , Florida, Matlacha , Florida, Palmetto Beach, Tampa, Bradenton , Florida, Venice, St . Petersburg , Florida, Clearwater, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Orlando, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Milton

☆ Boeing will delay its 777X plane and cut 10% of workforce as it deals with a strike and 737 Max issues
▼ + stars: | 2024-10-11 | by ( Kelsey Vlamis | Taylor Rains | ) www.businessinsider.com time to read: +1 min

Boeing said Friday that it would cut 10% of its 170,000-strong workforce. The planemaker is still dealing with the fallout of quality-control issues on some of its plane models. Go to newsletter preferences Thanks for signing up! AdvertisementBoeing said Friday that it would cut its workforce by 10%, further delay its 777X plane, and discontinue a freighter model as it deals with the financial fallout of an ongoing strike. Other cost-cutting measures include discontinuing the 767 cargo plane, Ortberg said.

Persons: Kelly Ortberg, —, Ortberg Organizations: Boeing, Service

Their employment rate is also slightly lower than women in their early 20s. "This smaller share reflects the fact that, within marriages, mothers are still more likely than fathers to specialize in child care," the Fed noted. Today, 26% of mothers are stay-at-home parents, compared with just 7% of fathers, according to a separate Pew study from August. Mothers working full time and year-round outside the home rarely recoup the lost wages, which add up to $20,000 a year, on average. Working moms are making just 71 cents for every dollar paid to fathers, according to an analysis of Census data by the National Women's Law Center.

Persons: Kelly Shue Organizations: Federal Reserve, Pew Research Center, Yale School of Management, CNBC's, National Women's Law

☆ Boeing to lay off roughly 10% of its workforce
▼ + stars: | 2024-10-11 | by ( Vanessa Yurkevich | Chris Isidore | ) edition.cnn.com time to read: +6 min

Union members are still angry that Boeing demanded they give up their traditional pension plans 10 years ago, when the company was doing well financially. Even with all of its problems, Boeing is likely at no risk of disappearing. If airlines that are Boeing customers cancel their order, they would have to wait five years for a comparable jet from Airbus. Boeing will discontinue that plane once its current orders are completed and delivered to customers in 2027. That plane is built by some of the union members now on strike.

Persons: “, ”, Kelly Ortberg, ” Ortberg, Max, Ortberg, Poor’s Organizations: New, New York CNN, Boeing, Alaska Airlines, National Transportation Safety Board, Space Station, International Association of Machinists, IAM, Airbus Locations: New York, United States, underperformance, Washington State

☆ Analysts are getting more bullish on Netflix ahead of earnings
▼ + stars: | 2024-10-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Netflix is less than a week away from issuing its third-quarter results, and some analysts think the stock is poised for more upside ahead. With a buy rating on the stock, Hodulik's target of $750 implies more than 2% upside from Thursday's close. Hodulik's forecast of double-digit growth comes as Netflix has already reported stronger-than-expected results for the previous two quarters this year. NFLX YTD mountain NFLX, year-to-date Other analysts are even more bullish on the name heading into earnings. Netflix has an average target of $708.75, implying about 3% downside, as of Thursday's close.

Persons: John Hodulik, Morgan Stanley, Oppenheimer, Benjamin Swinburne –, Jed Kelly, Kelly Organizations: Netflix, UBS, Squid, NFL Locations: 4Q23, U.S, United Kingdom, France

Sean Rayford/Getty Images Cars move slowly through Matlacha, Florida, on Thursday after Hurricane Milton damaged power lines. Chris Urso/Tampa Bay Times/AP A satellite image captures Hurricane Milton reaching the coast of Florida on Wednesday, October 9. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday. “Many areas in the county have incurred severe property damage because of back-to-back impacts from Hurricane Helene and Hurricane Milton,” Pinellas County Consumer Protection said in a public advisory Thursday.

Persons: Milton, Floridians, ”, Ron DeSantis, Walt, Aquatica, Connie Gore, Cecelia Smith, Hurricane Milton, Crystal Vander, Miguel J, Rodriguez Carrillo, Robert Turick, Turick, Helene, Rebecca Blackwell, Cristobal Herrera, Julio Cortez, Giorgio Viera, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Austin, Joe Raedle, Sean Rayford, Marta Lavandier, Jefferee Woo, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Hurricane Helene, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” DeSantis, “, ” Crews, Melissa Seixas, CNN’s Kate Bolduan, Joe Biden, Deanne Criswell, ” Criswell, Hurricane, it’s, CNN’s Andy Rose Organizations: CNN, St, Daytona, Tampa International, Sarasota Bradenton International, Coast Guard, Walt Disney, SeaWorld, USA, AFP, Getty, AP, Hurricane, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Duke Energy, Pinellas County Consumer Protection, “, Government, FEMA, Cross Locations: Florida, Tampa, Hillsborough, Lithia, Clearwater, Johns, Orlando, Sanibel , Florida, St, Petersburg, Georgia, South Carolina, Aquatica Orlando, Discovery Cove, SeaWorld Orlando, Martin County , Florida, Port St Lucie , Florida, Hurricane, Englewood , Florida, Manasota Key, Hurricane Milton, Venice , Florida, Riverview , Florida, Lakewood Park , Florida, Siesta Key, Punta Gorda , Florida, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, Milton, St . Petersburg, Punta Gorda, Odessa , Florida, Venice, Matlacha , Florida, Palmetto Beach, Bradenton , Florida, St . Petersburg , Florida, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Melissa Seixas , Florida, Pinellas County, Georgia , Tennessee, Carolinas

That law, the Uniformed and Overseas Citizens Absentee Voting Act (UOCAVA), requires that states allow eligible Americans who live overseas to vote in federal elections. Heckel pointed out that the suit was filed two weeks after counties Pennsylvania began mailing ballots to military and overseas voters "and baselessly challenges Pennsylvania law, which provides clear procedures for processing applications by overseas voters." The lawsuits come as former President Donald Trump and his allies have begun to sow doubts about overseas voting. Last month, Trump claimed on Truth Social that Democrats would use overseas voting laws to "cheat," a baseless theory Elon Musk also shared on X last week. “Traditionally, we think of overseas voters as military voters who might skew Republican.

Persons: Guy Reschenthaler, Dan Meuser, Glenn Thompson, Lloyd Smucker, Mike Kelly, Al Schmidt, Schmidt, —, Jocelyn Benson, who’ve, Michael Whatley, Patrick Gannon, ” Gannon, ”, Angela Benander, it’s, Matt Heckel, Heckel, Donald Trump, Trump, Elon Musk, Kamala Harris, “, Jonathan Diaz, Diaz, scapegoating, ” Diaz, Democrats —, Rick Hasen, Hasen, ” Hasen Organizations: Republican National Committee, Republican, North Carolina State Board, Michigan Democratic, Republicans, Uniformed and Overseas Citizens, North, Michigan Department of State, PR, Pennsylvania Department of, Pennsylvania, Social, ” Overseas, Democrats, Democratic, UCLA School of Law, NBC Locations: Michigan, North Carolina, Pennsylvania, U.S

The extent of the damage to homes and businesses from Hurricane Milton is still being assessed. “There’s a lot of people feeling that anxiety, feeling the stresses, compounding with two different storms so close together,” Martin said. My mental health cannot handle that." Before Hurricane Milton hit, families in Tampa, Florida, were still coping with damage by flooding from Hurricane Helene. The Substance Abuse and Mental Health Services Administration (SAMHSA) recommends to call or text 1-800-985-5990 24/7.

Persons: Hurricane Milton, Meghan Martin, Hurricane Idalia, “, ” Martin, Martin, ”, Gail Saltz, Michelle Chernicoff, David, Helene, Milton, Chernicoff, it’s, Rita Simmons, ” Simmons, Matt Shannon, decompensate, Shannon, Simmons, Hurricane Helene, Michael Warren, Kelly Warren, ’, Warren, ” Michael Warren “ It’s, you’re, ” Michael, ” Kelly, Saltz, Matt Lavietes Organizations: Johns Hopkins, Children’s, Hurricane, Centers for Disease Control, Presbyterian Hospital, West Palm Beach, University of Florida Health, Moffitt Cancer Center, NBC, Mental, Mental Health Services Administration Locations: Hurricane, Florida, St . Petersburg, NewYork, New Port Richey , Florida, West Palm, New Port Richey, Fla, West Palm Beach, barreling, Pinellas County, Florida’s, Sarasota, Clearwater ., Tampa, Tampa , Florida

☆ Stock market today: Indexes close lower after CPI shows sticky inflation in September
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes slipped Thursday as investors priced in a higher-than-expected inflation reading. The data raises the possibility of a "no landing" scenario for the US economy. AdvertisementStocks fell on Thursday from records reached in the previous session, as traders took in a sticky inflation reading for September. September consumer price index data released on Thursday showed inflation rose 2.4% year-over-year, slightly above consensus forecasts of a 2.3% rise. AdvertisementThe core CPI reading, which excludes more volatile food and energy costs, was up 3.3% year-over-year and just above forecasts of 3.2%.

Persons: —, Stocks, Hurricane Milton, Jamie Dimon, Buffett Organizations: Traders, Service, Dow Jones, Nasdaq, Dow, CPI, Federal Reserve, Bank of America, Investors, Labor Department, Here's, Insurance Locations: Hurricane

☆ Equine-assisted psychotherapy: How horses can soothe the soul and help your mental health
▼ + stars: | 2024-10-10 | by ( Kelly Bowman | ) edition.cnn.com time to read: +8 min

Atlanta CNN —Every October, World Mental Health Day tries to expand the conversation around mental health and brings awareness to the many ways you can improve your emotional well-being. I wish I could tell you a story about the exact point in time when I started to struggle with my mental health. It’s the most pure and honest relationship I’ve ever experienced, and for that, horses are a mental health tool I continue to come back to. Some studies show equine-assisted psychotherapy can help with a variety of mental health issues including anxiety, low self-esteem, addiction, trauma, depression and antisocial behavior. “You just come as you are.”The Stride Ahead care team spends time with one of the program’s therapy horses.

Persons: Harry Potter, Gryffindor, you’re, Kelly Bowman, I’m, Stride, Chris Lobkowicz, Anne Preston, ”, Bobbi Woolwine, “, They’re, Pam Smith, Justin Organizations: Atlanta CNN, Health, CNN, Professional Association, Therapeutic, Association, Indiana University School of Social, Emory University Locations: Decatur , Georgia, Stride

☆ Alums of $16 billion Tiger Cub Lone Pine have struggled to hack it on their own — with one notable exception
▼ + stars: | 2024-10-10 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

In the past five years, four other alums have either shuttered or stopped trading hedge fund strategies. It's the latest spinoff from long-running Tiger Cub Lone Pine Capital to shutter. Lone Pine, the $16 billion firm led by co-chief investment officers Kelly Granat and David Craver, was founded in 1997 by billionaire Steve Mandel. Inside the Lone Pine family treeGaonkar's experience is far from the norm for Lone Pine alums though. Firms like Lone Pine, Tiger Global, Coatue, Viking Global, Maverick, Light Street, and others have lasted for decades and minted billionaires along the way.

Persons: Scott Coulter's, Mala Gaonkar, —, Coulter, Cowbird, Pine, Kelly Granat, David Craver, Steve Mandel, Mandel, Julian Robertson's, Lone, Coatue, redemptions, Gaonkar, David Byrne, SurgoCap, Abobe, David Stemerman's, Scott Phillips, Matt Iorio's, Li Ran's, Brian Eizenstat's, Paul Eisenstein's, Nikhil Trikha, Arthur Wit, that's, Andreas Halvorsen's, Dan Sundheim's, Ben Jacobs, Ning Jin, Marco Tablada, Robertson, Tom Purcell Organizations: Service, Business, Lone Pine, Julian Robertson's Tiger Management, Cubs, Roberston's Tiger Management, Tiger, CNBC, Nvidia, GE, Figma, Pine, Latimer, Elm, Sky Capital, CenterBook Partners, Ampersand Capital Group, Global, Fund Research, Tiger Cub, Tiger Management, Viking Global, Viking Locations: Lone, Lone Pine, Granat, Texas, Li Ran's London, California, Viking

☆ 31-year-old had to go nearly $200,000 over budget to become a homeowner: '6 figures nowadays is nothing'
▼ + stars: | 2024-10-10 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

In early 2024, Kelly Diehr and her husband set out to buy their first home in Denver. With no kids, six-figure income and a budget of $600,000, the couple felt like they were in a solid position to afford a single detached home where they could raise a family. However, like many first-time buyers, they were disappointed by what they could afford, as median home prices almost immediately started rising from $599,000 to $639,000 between January and May, according to Realtor.com. And like many first-time buyers, the couple were forced to compromise by stretching their budget far beyond what they originally planned. Such concessions are common in new developments, where developers often need to sell units quickly — even in a competitive market like Denver.

Persons: Kelly Diehr, Diehr, you'd Locations: Denver

☆ US sting operation catches crypto firms 'wash trading' to boost token values
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

A tip from the SEC led federal prosecutors to set up a fake company to bust crypto market manipulators. The firms are charged with "wash trading," artificially increasing trade volume to boost token prices. The case marks the first such charges against crypto firms, prosecutors say. The charges are the first in the crypto industry related to "wash trading." The sting charged ZM Quant, CLS Global, and MyTrade with wash trading related to their communications with NexFundAI.

Persons: —, Jodi Cohen, cryptocurrency –, Joshua Levy Organizations: SEC, Service, Securities and Exchange Commission, FBI, CLS Global, NexFundAI, Boston, United Locations: Boston, Saitama

☆ Here's the next data point to watch as Wall Street eyes a 'no landing' scenario for the US economy
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

A big jump in retail spending would be the next data point indicating a "no landing" of the economy. A no-landing scenario occurs when strong economic growth fuels inflation and hinders rate cuts. Bank of America analysts expect September retail sales data, set for release on October 17, to show a 0.8% surge. "Monthly retail sales data can be volatile. If retail sales accelerate considerably, in our view, the narrative may shift further toward 'no landing' or even re-acceleration," they said.

Persons: —, Helene Organizations: Service, Bank of America, Bloomberg, Federal Reserve, Bank, America

☆ Stock market today: Indexes decline after inflation comes in hotter than expected
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes dipped Thursday as investors took in hotter-than-expected inflation data. Traders see the latest data solidifying odds of a 25 basis point rate cut next month. AdvertisementUS stocks edged lower on Thursday as investors took in slightly hotter-than-expected inflation data after last week's blockbuster jobs report. The core CPI reading, which excludes food and energy costs, came in at 3.3% year-over-year, slightly above forecasts of 3.2% and 0.3% higher than the August reading. JPMorgan's top strategist, one of Wall Street's biggest bears, is turning upbeat on the stock market for the first time in two years.

Persons: —, Milton, Bill Gross Organizations: Traders, Service, CPI, Federal Reserve, JPMorgan, Labor Department, FEMA, Hurricanes Locations: Here's

☆ How Sabrina Ionescu went from ‘dark days’ of injury to the brink of a WNBA championship
▼ + stars: | 2024-10-10 | by ( Ben Pickman | ) www.nytimes.com time to read: +12 min

Follow live coverage of Lynx vs. Liberty in Game 1 of the WNBA Finals todayNEW YORK — Sabrina Ionescu could barely walk during last season’s WNBA Finals. AdvertisementThe Liberty and Aces were billed as the WNBA’s super-teams last year because of their star power, including Ionescu. 1 pick in the 2020 WNBA Draft, but she suffered a severe ankle sprain in her third WNBA game and she missed the remainder of her rookie season. By her 14th game, Ionescu had made more floaters than she did in all of 2023. “As of late, she lets it come to her.”As Sopak watches Ionescu throughout New York’s postseason run, he has had constant flashbacks.

Persons: Sabrina Ionescu, Ionescu, Vegas, “, ”, “ It’s, ” Ionescu, Breen Weeks, ” Weeks, ” Said Ionescu, ” Sabrina Ionescu, —, elly S, elly, hird, eason, ange, ike, ecky, ammon, ake, allen Organizations: Lynx, Liberty, WNBA, New York Liberty, Las Vegas Aces, Aces, New, ust Locations: California

☆ The Viral Dances Changing the Way Women Move
▼ + stars: | 2024-10-09 | by ( Coralie Kraft | Photographs Malike Sidibe | ) www.nytimes.com time to read: +10 min

Parris Goebel Is Changing the Way Women Move Her surreal, muscular dances for Rihanna, SZA and other pop stars have made her one of the world’s most in-demand choreographers. As the music gathered momentum, the camera raced through the crowd of scowling dancers until, finally, Rihanna appeared. The choreographer behind this viral performance, 32-year-old Parris Goebel, has established herself as one of the music industry’s most innovative and in-demand artists. There’s something cathartic about watching a group of (mostly) women snarling in lock step, an image of power and indomitability. Rihanna’s representative confirmed that Rihanna and Goebel were shooting something at the palace, though the project is still under wraps.

Persons: Parris Goebel, Rihanna, SZA, “, ”, Cat, Justin Bieber, Ariana Grande, Goebel, Fatima Robinson, Missy Elliott, Britney, Christina Aguilera’s, Christina Aguilera, Britney Spears, Tate McRae, It’s, Tate, McRae, Gene Kelly, growled, choreographing, Jennifer Lopez’s, ” Goebel, Bob Fosse, Justin Bieber’s, —, ” SZA, ” — Parris Goebel, influencer, natalieg, I’m Organizations: Nike, Paris, Nike Paris, YouTube, Urban Dance, Rihanna’s, Samoan rugby, Coachella, intuit, of Mirrors Locations: Auckland, Versailles

☆ Hurricane Milton isn't the end of our destructive storm season. There's likely more to come.
▼ + stars: | 2024-10-09 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +6 min

AdvertisementThen hurricane season went quiet. There were no named storms between August 13 and September 3 — typically around when hurricane season is reaching its peak. CHANDAN KHANNA/Getty ImagesAt the start of the Atlantic hurricane season in June, NOAA predicted up to 13 hurricanes by the season's end. Joe Raedle/Getty ImagesThis year's unusual hurricane season may be a sign of things to come. AdvertisementRosencrans said that there's a large window for peak hurricane season, and the peak varies each year.

Persons: Milton, We've, Hurricane Milton, Hurricane Helene, Kelly Núñez Ocasio, What's, Debby, Ernesto, Hurricanes Helene, Niña, it's, Matthew Rosencrans, CHANDAN KHANNA, Rosencrans, Stephanie Zick, It's, Núñez Ocasio, Helene, Joe Raedle Organizations: NOAA, Service, Atlantic, Texas, University's Department, Atmospheric Sciences, Atmospheric Administration, Hurricanes, Colorado State University's Department of Atmospheric, Virginia Tech's Department of Geology Locations: Hurricane, Florida, Pacific, Florida's, Bend, Gulf of Mexico, Caribbean, Hurricane Milton, Gulf, St, Petersburg , Florida

☆ CVS, UnitedHealth say FTC should take Lina Khan and two commissioners off drug middlemen case
▼ + stars: | 2024-10-09 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

CVS Health and UnitedHealth Group are demanding Federal Trade Commission Chairwoman Lina Khan and two other commissioners recuse themselves from a lawsuit accusing the companies and other drug middlemen of boosting their profits while inflating insulin costs for Americans. In separate motions filed Tuesday night with the FTC, CVS and UnitedHealth argued that all three commissioners have an extensive track record of making public statements that indicate "serious bias" against the companies' so-called pharmacy benefit managers. CVS said those statements demonstrate that the commissioners have "prejudged this matter," so their participation in the case "violates due process." The FTC filed the suit last month against the three largest PBMs, CVS Health's Caremark, UnitedHealth Group 's Optum Rx and Cigna 's Express Scripts. The FTC has been investigating PBMs and their role in insulin prices since 2022.

Persons: Lina Khan, UnitedHealth, Khan, Alvaro Bedoya, Rebecca Kelly Slaughter, PBMs Organizations: Financial Services, General Government, Federal Trade Commission, CVS Health, UnitedHealth, Federal Trade, CVS, Amazon, FTC, Zinc Health Services, GPO, Emisar Pharma, OptumRx Locations: Rayburn, U.S, Caremark

☆ A Trump victory raises the risk of a US economic situation worse than recession, 'Dr. Doom' Nouriel Roubini says
▼ + stars: | 2024-10-09 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Nouriel Roubini says stagflation risk will rise if Donald Trump wins the election. AdvertisementThe US economy might confront a fate more challenging than a recession if Donald Trump retakes the White House, famed economist Nouriel Roubini said. According to Roubini, Trump's proposals would fuel these two key ingredients: lower growth and higher inflation. In July, JPMorgan's chief global strategist David Kelly called Trump's tariff and immigration policy mix an "elixir for stagflation." AdvertisementRoubini said tensions in the Middle East make the threat of stagflation under Trump worse.

Persons: Nouriel Roubini, Donald Trump, Doom, —, Donald Trump retakes, Trump, Kamala Harris, stagflation, Roubini, Larry Summers, David Kelly Organizations: Greenwich Economic, Treasury, Service, Bloomberg, Barclays, Republican, Peterson Institute, Trump Locations: Greenwich, Israel, Iran

☆ Empty gas stations, full hotels, and gridlocked highways: A Tampa resident shares what she saw on her 'terrifying' evacuation from Hurricane Milton.
▼ + stars: | 2024-10-09 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Hurricane Milton threatens Florida's Central Gulf Coast with Category 4 winds and storm surge. An employee tapes up a gas pump ahead of Hurricane Milton. The Milton evacuation comes just days after after she and her boyfriend had to buy supplies and rent a hotel room to avoid Hurricane Helene. AdvertisementMakayla Pelletier, 23, evacuated Tampa as Hurricane Milton barrelled toward her city. As Hurricane Milton draws closer, residents of disaster-prone areas are evaluating how weather events could impact their livelihoods.

Persons: Milton, Hurricane Helene, Makayla Pelletier, —, fiddled, Hurricane Milton, Pelletier, " Pelletier, Jane Castor, Joe Raedle, Pelletier doesn't, Tampa Pelletier, Orlando —, she's, Milton doesn't, Helene, we're Organizations: Service, Gulf Coast, CNN, Tampa, Tampa that's, Hurricane Locations: Gulf Coast, Hurricane, Tampa, Orlando, Gulf, St, Petersburg, Milton, Punta Gorda

☆ Home Depot disaster relief efforts are in full swing, says Southern Division president Kelly Mayhall
▼ + stars: | 2024-10-09 | 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 EmailHome Depot disaster relief efforts are in full swing, says Southern Division president Kelly MayhallKelly Mayhall, president of Home Depot's Southern division, joins CNBC's 'The Exchange' to discuss how the company is responding to Hurricane Helene damage and preparing for Hurricane Milton, what customers should expect in terms of shortages and prices, and more.

Persons: Kelly Mayhall Kelly Mayhall, Helene Organizations: Southern, Home Depot's, Hurricane Milton

☆ Trump win would hammer growth and send inflation soaring in Europe, ECB official says
▼ + stars: | 2024-10-09 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

A Trump win would pose risks to economic growth and inflation in Europe, ECB member Joachim Nagel says. Officials in Europe, for their part, are warily eyeing what a Donald Trump win would mean. Nagel's comments come just weeks before the US presidential election and follow previous warnings from ECB members about the potential impact of a Trump win. AdvertisementBack in January, ECB president Christine Lagarde said a Trump win is "clearly a threat" to Europe considering the policies he implemented during his first term in office. She pointed to Trump's tariffs, commitment to NATO, and climate change policies, which she said were misaligned with European interests.

Persons: Joachim Nagel, Nagel, —, Donald Trump, Trump, he'd, " Nagel, there's, it's, Harris, Kamala Harris, Christine Lagarde Organizations: Trump, Service, European Central Bank Governing, Tuesday, Bloomberg, Federal, NATO Locations: Europe, Germany, Berlin, Italy, EU

☆ I founded 3 social media platforms. After having 3 kids, here's why I never share my kids' photos online and prefer group chats instead.
▼ + stars: | 2024-10-09 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

He's a tech thought leader and one of the inventors of social media. He never posts pictures of his kids online, and tries not to let his toddlers see his phone. Related storiesI rely on group texts insteadFor me, group texting is what social media was five years ago. AdvertisementI teach my kids about online privacy and critical thinkingJust like I teach my children about physical privacy within the home, I talk with them about online privacy, too. Or, "Social media can lock you inside your head and expose you to ideas you're not ready for."

Persons: Mark Weinstein, —, I'm, That's Organizations: Service, Social, Big Tech

☆ Boeing's negotiations with union leaders break down 2 days after restarting
▼ + stars: | 2024-10-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Boeing and union leaders resumed negotiations on Monday but reached a stalemate by the end of Tuesday. AdvertisementTalks between Boeing and union leaders have broken down two days after restarting. The first offer of a 25% pay rise was overwhelmingly rejected, while the union criticized Boeing for sending its second offer to the media and not negotiating with union leaders. "The company was hell-bent on standing on the non-negotiated offer," the union negotiating committee for IAM District 751 said on Tuesday. The IAM District 751 negotiating committee also said it "remains ready to continue mediated or direct talks."

Persons: —, Stephanie Pope, Pope, Ron Epstein, Jon Ostrower, Kelly Ortberg Organizations: Boeing, Bank of America, Service, International Association of Machinists, Aerospace Workers, IAM, The, Alaska Airlines Locations: Seattle, Pacific

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