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Luxury stocks slip as fears grow of a prolonged downturn
  + stars: | 2024-09-23 | by ( Jenni Reid | ) www.cnbc.com   time to read: +3 min
Bloomberg | Bloomberg | Getty ImagesLONDON — European luxury stocks tumbled on Monday as analysts warned of a deteriorating demand outlook, particularly among high-spending Chinese consumers. "Following the post-Covid peak in consumption in 2022, luxury sector revenues have been sequentially slowing. Across European luxury firms, they expect a 1% revenue decline in 2024. The Stoxx Europe Luxury 10, an index tracking top names in the sector, managed to hold flat but has fallen 3.82% in the year to date. 'Prolonged period of weakness'They're not alone in their bearish view on Europe's luxury sector.
Persons: Hugo Boss, Germany's Hugo Boss, Burberry, Kering, Hermes, Jon Cox, Kepler Cheuvreux, CNBC's, Cox Organizations: Hugo, Hugo Boss AG, Bloomberg, Getty, Bank of America, Korean, BofA Securities, Kepler, U.S, CNBC, Burberry Locations: Shanghai, China, American, Europe
Your boss says the company does not plan to require employees to return to the office. Some workers have filed lawsuits against their companies or charges with the National Labor Relations Board over RTO mandates. AdvertisementBut remote employees who simply argue that returning to the office is an inconvenience to their lifestyle have "zero chance" to fight the RTO mandate with legal action, Zambrano said. AdvertisementHowever, said Camacho Moran, just because an employee has an illness or a disability "does not mean that remote work is the appropriate accommodation." Reasonable accommodations under the ADA can include modifying a work schedule or workplace setting, as well as moving to remote work.
Persons: , Ron Zambrano, Zambrano, Domenique Camacho Moran, Farrell Fritz, Camacho Moran, " Zambrano, it's Organizations: Service, Business, Trial, Amazon, Walmart, National Labor Relations Board Locations: California, Seattle, New York
But the nature of the race — a toss-up contest in swing states — has not budged. No clear leaderBut despite the rising heat on the campaign trail, the race remains where it has been for weeks: deadlocked. The vice president is at 50% compared with Trump’s 47% in the latest CNN Poll of Polls average. Vice President Kamala Harris boards Air Force Two in Queens, New York, on September 22, 2024. Former President Donald Trump arrives at a campaign rally at the Aero Center in Wilmington, North Carolina, on September 21, 2024.
Persons: Donald Trump’s, he’d, , Trump, He’s, CNN’s KFile, Kamala Harris, Harry Enten, Democrat John F, Richard Nixon, Gretchen Whitmer, Harris ’, , Harris, Sharyl Attkisson, , Joe Biden, Matt Rourke, Biden, Donald Trump, Jim Watson, Republicans —, Ron DeSantis, Nikki Haley, she’s, “ I’m, “ I’ve, ” Harris, South Carolina Sen, Lindsey Graham, NBC’s Kristen Welker, Who’s Organizations: CNN, White, North Carolina, Democrat, Michigan Gov, Democrats, Trump, NBC News, Democratic, Electoral, Air Force, Capitol, Oval, Democratic National Convention, Republican Party, Aero Center, Getty, Republicans, Florida Gov, South Carolina Gov, NBC, , Federal Reserve, mull, Republican, South, Locations: Ohio, “ State, Michigan, Pennsylvania, Wisconsin, Georgia, Nevada , Wisconsin , Michigan, North Carolina, United States, Queens , New York, Trump, Chicago, Wilmington , North Carolina, AFP, Florida, South Carolina
Minneapolis Federal Reserve President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate cuts after last week's half percentage point reduction. "I think after 50 basis points, we're still in a net tight position," Kashkari said in a CNBC "Squawk Box" interview. "Right now, we still have a strong, healthy labor market. In their latest economic projections, FOMC members indicated that rate is probably around 2.9%; the current fed funds rate is targeted between 4.75% and 5%. Speaking separately Monday morning, Atlanta Fed President Raphael Bostic indicated he expects the Fed to move aggressively in getting back to a neutral rate.
Persons: Neel Kashkari, we're, Kashkari, Kasharki, Raphael Bostic, Bostic Organizations: Minneapolis Federal, CNBC, Federal Reserve, Atlanta Fed, Fed Locations: Minneapolis
Local residents with umbrellas walk out of a metro station in rain during morning rush hour on September 20, 2024 in Beijing, China. China News Service | China News Service | Getty ImagesBEIJING — More economists are calling for China to stimulate growth, including those based inside the country. His presentation Saturday at Renmin University's China Macroeconomy Forum was titled: "A basket of stimulus and reform, an economic revitalization plan to substantially expand domestic demand." "The elephant in the room is the property market," said Xu Gao, Beijing-based chief economist at Bank of China International. To restore confidence and stabilize the property market, Xu said that policymakers should bail out the property owners.
Persons: Liu Shijin, Liu, Goldman Sachs, China's, Xu Gao, Xu, Nomura, Gabriel Wildau, Teneo, Yi Gang, Wildau, Yi Organizations: China News Service, Getty, Development Research, State Council, CNBC, China Macroeconomy, Goldman, Bank of China International, Center for, People's Bank of China Locations: Beijing, China, BEIJING, Renmin, Center for China, U.S
Mainly a print model, Zheng used to rake in 30,000 yuan ($4,230) a month when she began working two years ago. Some are virtually indistinguishable from the real thing, while others are inspired by the original design and offer morecolors or textures. The popularity of this product category is soaring as consumer confidence in China nears a historic low, according to analysts. Shoppers are sitting on the sidelines due to a combination of falling stock prices, capital flight and “tepid” wage growth, the economists said. A Hong Kong court ordered the liquidation of the Chinese property giant on on January 29.
Persons: Zheng Jiewen, Zheng, , , Louis Vuitton, Chanel, Laurel Gu, Lulu, dupes isn’t, Nomura, Xinxin, Greg Baker, Nicole Hal, “ I’ve, Goldman Sachs Organizations: Hong Kong CNN, CNN, Prada, Reuters, Shoppers, Barclays, Hong, Getty, Goldman Locations: China, Hong Kong, Guangzhou, Shanghai, Asia, Japan, Chongqing, Beijing, AFP, Europe,
But while lower mortgage rates may translate to more buying power for homebuyers, America’s housing market woes aren’t likely to be solved solely by rate cuts. But Enterprise Community Partners, the nonprofit where Donovan currently serves as CEO, estimates that the US needs 7 million new units in order to stabilize the housing market. “There are a lot of factors that have affected the housing supply and these are complicated issues to solve. “We’re not expecting mortgage rates to fall that much further, and we still think that the mortgage rate ‘lock-in’ effect will still be there,” Dougherty said. “Things will probably pick up as rates come down, but we’re not looking for a high-octane rebound,” Dougherty said of the housing market.
Persons: they’d, aren’t, , , Shaun Donovan, Kamala Harris, Donald Trump, ” Donovan, Harris, Trump, Donovan, Jerome Powell’s, Freddie Mac, Charles Dougherty, That’s, “ We’re, ” Dougherty, ” Powell, that’s, Dougherty, “ It’s, ” Ryan McLennan Organizations: CNN, Housing, Urban Development, National Association of Realtors, Partners, Federal, Fed, National Association of Home Builders, homebuilders, Consumer Financial Locations: America, Wells Fargo, Houston, homebuying
Today, it is just over $3,000,” said Harris, who also serves as chair of the National Association of Home Builders. Vice President Kamala Harris has proposed offering $25,000 in down payment assistance to first-time homebuyers and incentives to homebuilders to construct more housing for first-time homebuyers. Former President Donald Trump has said he would lower housing costs by opening federal land to development, rolling back regulations and reducing overall inflation. But homebuilders say they face a web of challenges that have been nearly two decades in the making and will likely take years to resolve. One major barrier to driving down prices and increasing supply has been a shortage of workers, homebuilders said.
Persons: Carl Harris, , Harris, — he’s, Mike Forsum, Freddie Mac, Kamala Harris, Donald Trump, , Robert Dietz, It’s, Dietz, Sheryl Palmer, homebuilder Taylor Morrison, homebuilders, we’ve, Palmer, Forsum, “ I’m, Homebuilders, Taylor Morrison, They’ve, that’s, ” Harris, “ It’s Organizations: National Association of Home Builders, Landsea, Bureau of Labor Statistics Locations: Wichita , Kansas, Atlanta, Las Vegas, Raleigh , North Carolina, Dallas, , Sacramento , California, Texas, Fort Worth , Texas, Phoenix, Buckeye, Orlando , Florida, In Wichita
Stefany Serna, 30s, Miami, Florida Working in Miami's high-end restaurants where she has developed a strong reputation among patrons. Thanks to an informal connection to her landlord, the costs for the home she shares with her partner are below market prices. Serna said Miami Springs, a small upper-middle-class city just north of Miami International Airport, is a place where everyone more or less knows each other. According to Zillow, the average market rent for such a two-bedroom in Miami Springs is $2,800. “But I’m afraid I won’t be able to stay here because I can’t afford it in the long run.”
Persons: Stefany Serna, Serna, ” Serna, she’d, ’ ” Serna, Zillow, “ It’s, , Organizations: NBC, Dade, Cuban, Miami International Airport, U.S ., Miami, ” Management Locations: Miami, Florida, Coral Gables, Miami Springs, U.S, East Coast,
Read previewMatthew, a registered nurse based in the Western US, began working as a field case manager about a decade ago. But it wasn't until several years later that he started working multiple jobs in secret to boost his income. While working multiple jobs can be stressful at times, Matthew said he hasn't burned out yet. Today, he works as an occupational health nurse for a corporation in addition to his case manager job. AdvertisementAre you working multiple remote jobs at the same time and willing to discuss details about your pay and schedule?
Persons: , Matthew, He'd, jugglers, it's, he's Organizations: Service, Business, BI, COVID
We stayed for 10 months and fell in love with the place for its optimal work-life balance and gorgeous weather. My current job understands my remote work lifestyle and allows me to work from anywhere. AdvertisementI miss being close to my family, but I don't miss MelbourneI don't miss Melbourne much, except for being close to family and friends. However, remote work in digital marketing has allowed me to turn my life into a workcation. I've found a way to balance work and leisure, making every day feel like a beach day.
Persons: , Eliot Davenport, It's, I've, OnlyFans influencers, Manseen Logan Organizations: Service, Business, Bali, pats, Melbourne Locations: Melbourne, Australia, Guatemala, Peru, Colombia, Brazil, South Africa, Spain, Albania, United States, Croatia, Bali, Menjangan, West Bali, Amed, North, America, Orange County, Savannah , Georgia, mlogan
Insider Today: Nike's airball
  + stars: | 2024-09-22 | by ( Matt Turner | ) www.businessinsider.com   time to read: +5 min
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. I'll be here on the weekend to break down some of the biggest stories in business and help you get ahead. The Oregon-based company last week announced Elliott Hill would return to the company as CEO, replacing John Donahue. AdvertisementAn internal "Frequently Asked Questions" document, obtained by Business Insider, outlined how the RTO plan will work.
Persons: , Matt Turner, Donald Trump, There's, It's, it's, Elliott Hill, John Donahue, Dre Waltizer, Jeff Chiu, Alyssa Powell, Larry, Wayne Osborne, Osborne, Wayne, Andy Jassy, David X Prutting, Paul Porter, Rebecca Zisser, Alexander brothers, Oren, Alon, Tal Alexander, iStock, — Mark Zuckerberg, Taylor Swift Organizations: Service, Fed, Nike, Business, Investors, Google Locations: China, The Oregon
Without the promise of profits, American firms are also becoming less willing to go to bat for China — to reinforce the idea that China's market is crucial to the success of their futures. No demandAfter pandemic lockdowns ended in 2023, the Chinese economy experienced what is known on Wall Street as a "dead cat bounce." What money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. Related storiesWhat money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. It gives corporations, already under financial pressure as China's economy declines, even less reason to act as interlocutors encouraging stability between Washington and Beijing.
Persons: Washington —, Xi Jinping, Lee Miller, lockdowns, They're, Xi, Yi Gang, Michael Pettis, Tesla, Elon Musk, it's, Ball, Jamie Dimon, It's, China's, Goldman Sachs, Ray Dalio, seeping, Miller, Kamala Harris, Donald Trump, Harris, , Trump, Biden, we're, Cordell Hull Organizations: Apple, Nike, Chinese Communist Party, People's Bank of, Carnegie Endowment, China Business Council, Starbucks, Street, Bridgewater Associates, Beijing, East Asia State Department, CCP, Trump, State Department, Republicans, Financial, Broadcom, Nvidia, Biden Administration Locations: China, America, Beijing, Washington, American, South China, Taiwan, People's Bank of China, Shanghai
A private Facebook group that he founded, Michigan Preppers, has nearly 18,000 members, up from about 8,000 since the Covid pandemic. He attributes the growth to a feeling of turmoil during President Joe Biden’s term. “If Trump isn’t elected, I’m thinking we’re either looking at a military coup or we’re looking at a second civil war,” said the part-time steel company worker. “I don’t recognize this country. I don’t recognize this world,” said Michael Clark, a Trump supporter who lives in a rural community of fewer than 1,000 people near Lake Michigan.
Persons: Joe Biden’s, specter, Donald Trump —, Trump, we’re, , Michael Clark, ” Clark, doesn’t, Clark Organizations: Facebook, Capitol, Trump, , Preparedness, and Drug Administration Locations: Michigan, Lake Michigan
New York CNN —Edwin Moses always loved the sport of track and field. For nine years, nine months and nine days Moses was unbeaten in races, winning 122 in a row. Moses’ journey on and off the field is chronicled in the new documentary, “Moses – 13 Steps,” produced by Oscar-winner Morgan Freeman. Danny Harris (right) crosses the finish line first to beat Moses (left) in the 400m hurdle race in 1987 to end Moses' 122-race winning run. If I’d have gone to name the school and name the track program with all the best coaches and everything, there would have never been no Edwin Moses.
Persons: Edwin Moses, Moses, progessively, Moses –, ” Moses, , , , Laureus, Moses ’, “ Moses –, Oscar, Morgan Freeman, Morgan, ‘ Edwin Moses, , Danny Harris, Adam Lubroth, it’s, John Carlos, Tommie Smith, Robert Kennedy, John Kennedy, Medgar Evers, Malcolm X, Martin Luther King, John, Morehouse, Edwin Moses I Organizations: New, New York CNN, Morehouse College, CNN, Olympic, Olympic Games, Broadview, Good Foundation, Morehouse, IOC, , AFP, Getty Locations: New York, Germany, Europe, Madrid, United States, Mexico, Dayton , Ohio, Vietnam, Washington
Why is everything mini these days?
  + stars: | 2024-09-21 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +6 min
Even iced tea brand Snapple has launched an8-ounce bottle, advertised to fit in a mini bag. With the introduction of the mini skirt came the mini clutch bag and then the mini top handle bag. In one of her most popular videos, she stuffs a mini Coach Tabby bag ($195 online) with a mini Charlotte Tilbury lipstick, mini Chanel mascara, mini Tarte Shape Tape concealer, mini Chanel compact powder and a mini Versace perfume — along with other essentials. Covid made her realize she didn’t have to carry around as much as she thought she did, so she jumped on the mini bag trend. Even people who don’t use mini products are locked into Barker’s content.
Persons: New York CNN — It’s, Joe’s, stoke overconsumption, Shawn Carter, Gen Z, Alpha, Carter, ” Carter, Matt Sloan, ” Sloan, Jo Barker’s, Bean, TikTok, Tilbury, mascara, Gucci, Prada, Louis Vuitton, Barker, Covid, I’m, ” Barker, Ulta, ” Anna Keller, Minter, Jeremy Moeller, Keller, , ” Keller, Melissa Valliant, Organizations: New, New York CNN, eBay, stoke, of Technologybusiness, Brands, Getty, Plastic Locations: New York, Instagram
The affair – black-tie for attendees, white-tie for the headliners – is named after the first major-party Catholic presidential nominee, four-term New York Gov. Harris did tell the dinner’s organizers that she hoped to attend the event in the coming years – as president, a campaign official said. Biden was elected the following month as the nation’s second Catholic president. Gaffigan promoted the dinner on social media on September 12 in response to Trump’s announcement that he would not debate Harris again. “Vice President Harris is ready for another opportunity to share a stage with Donald Trump,” campaign chair Jen O’Malley Dillon said in a statement.
Persons: Kamala Harris, Al Smith, Donald Trump, Hillary Clinton, , Smith, Republican Herbert Hoover, Democrat John F, Kennedy, New York Cardinal Timothy Dolan, Trump, Clinton, , Hillary, York Cardinal Timothy Dolan, Alfred E, Jonathan Ernst, Dolan, Harris, Joe Biden, Biden, Jim Gaffigan, Gaffigan, ” Gaffigan, Jen O’Malley Dillon, “ Donald Trump, ” Trump Organizations: CNN, Catholic, New York Gov, Democratic, Republican, Democrat, White House, New York, York, Smith, Foundation, Reuters, Trump, Al Locations: New York City, Midtown Manhattan, , Wilmington , North Carolina
AdvertisementA power pendulum is constantly swinging back and forth between employers and employees, guided by market forces and an ever-changing economy. Other times, employers have the power to set workplace norms, and workers are better off keeping their heads down. The cyclical nature of shifting workplace power does swing back and forth between employers and employees, but not automatically. AdvertisementThink of it as a supply-demand phenomenon: Whenever the labor market gets tight, and employer demand for workers exceeds the number of available workers, employees gain greater choice and, thus, power. Dorothea LangeA mere three decades later, however, the power pendulum swung back toward workers with The New Deal, which included unemployment relief and minimum wage legislation, among other worker rights.
Persons: , Arne Kalleberg, Kalleberg, Dorothea Lange, COVID, Gerald Davis, Ward, there's, JOSEPH PREZIOSO, it's Organizations: Service, Business, University of North, Chapel Hill, Systems, University of Michigan, Vanishing American Corporation, Employers, Getty, Healthcare, Workers Locations: University of North Carolina, United States, AFP
That’s why the biggest theater chains in the United States and Canada have a $2.2 billion plan to bring them back. Large chains are also facing competition from luxury theaters offering an enhanced viewing experience, like IPIC Theaters and Alamo Drafthouse. Better air conditioning, new signs and revamped carpeting are also included in the plan. In July, Regal announced it would spend $250 million to remodel its 400 locations following its parent company’s exit from bankruptcy. The $2.2 billion investment shows “no better reflection of confidence” about movie theaters’ future, Paul Dergarabedian, senior analyst at Comscore, told CNN.
Persons: Cinemark, Paul Dergarabedian, Organizations: New, New York CNN, AMC Entertainment, Regal, American, IPIC, Sony Pictures Entertainment, National Association of Theatre Owners, NATO, CNN, Locations: New York, United States, Canada
That’s why Maricopa County has spent over $864,000 in federal funds and more than $3 million in county funds to bolster its election security and processes over the past four years. Officials readily shared their worries with CNN, citing death threats, harassment, baseless lawsuits, onerous public-records requests and various security threats spurred by false claims about voter fraud. Amid these challenges, budgets for election security have been squeezed in several ways. Thousands of election workers across the country have reported receiving harassing, offensive or hostile communications, including since the 2022 midterms, according to the Department of Justice’s Election Threats Task Force. As recently as Tuesday, Trump threatened to prosecute and imprison election officials if he wins in November, as he cast doubt on the integrity of the upcoming election.
Persons: , Bill Gates, MAGA, Donald Trump’s, , Ben Hovland, ” Hovland, ” Ben Hovland, Patrick Semansky, Hovland, Joe Biden, Biden, Sen, James Lankford, , Louisiana hasn’t, they’ll, Colorado —, CNN they’ve, “ We’re, they’ve, John Michael Catalano, Elijah Nouvelage, Isaac Cramer, Katharine Clark, we’re, Cramer, Mark Zuckerberg, Priscilla Chan, Zuckerberg, Trump, Chan, George Christenson, Republicans don’t, Jim Jordan of, Alex Jones swooped, Kelli Ward, Rudy Giuliani, Mark Meadows, Jenna Ellis, Kari Lake, She’s, Stephen Richer, Michael Chow, who’ve, Judge Scott Blaney, denialism, Kamala Harris, Arizona’s, Jeff Woolf, ” Woolf Organizations: Phoenix CNN, county’s, Supervisors, CNN, , U.S, Election, Commission, National Association of, State, Help, Congress, FBI, US Postal Service, Tech, Civil, Center, Election Innovation, Research, Department, Force, South Carolina, South, Charleston County, Facebook, Democratic, Biden, Trump, FEC, GOP, Republicans, Democrats, Arizona Senate Republican, USA, Network, Arizona Superior Court, Republican Locations: Maricopa, Maricopa County, Washington, California , Georgia, Nevada , Oregon , Texas, Arizona , Georgia, North Carolina, Takoma Park , Maryland, Oklahoma, “ Louisiana, Nevada, Michigan, Louisiana, Delaware, Virginia, Colorado, Arizona, Georgia, Oregon, South, South Carolina, Fulton County, Atlanta, Charleston, Santa Fe , New Mexico, Pennsylvania, In Wisconsin, Milwaukee County, Wisconsin, Jim Jordan of Ohio, China, Republic
Scroll to play video Muted Blake McClellan Blake McClellan Melinda Hicks Melinda Hicks Blake McClellan Blake McClellan Rev. Dr. Cynthia L. Hale Blake McClellan Blake McClellan Yesenia Mohammad Yesenia Mohammad Rev. Scroll to play video Muted October Zahou October Zahou Blake McClellan Blake McClellan Mike Wood Mike Wood Melinda Hicks Melinda Hicks Blake McClellan Blake McClellan October Zahou October Zahou Rev. Scroll to play video Muted Yolanda Alvarado Sanchez Yolanda Alvarado Sanchez October Zahou October Zahou Yolanda Alvarado Sanchez Yolanda Alvarado Sanchez October Zahou October Zahou Yolanda Alvarado Sanchez Yolanda Alvarado Sanchez October Zahou October Zahou Yolanda Alvarado Sanchez Yolanda Alvarado Sanchez October Zahou October Zahou Yolanda Alvarado Sanchez Yolanda Alvarado Sanchez “For me, the most important issue “For me, the most important issue is definitely immigration.” is definitely immigration.” “I tell my students all the time, where I grew up, “I tell my students all the time, where I grew up, everybody looked like me. Dr. Cynthia L. Hale October Zahou October Zahou Blake McClellan Blake McClellan Bruce Leonard Bruce Leonard “I believe in choice.
Persons: Biden, Kamala Harris, Blake McClellan Blake McClellan Melinda Hicks Melinda Hicks Blake McClellan Blake McClellan Rev, Dr, Cynthia L, Hale Rev, Hale Blake McClellan Blake McClellan Yesenia Mohammad Yesenia Mohammad Rev, Hale, Mike Wood Mike Wood Yesenia Mohammad Yesenia Mohammad Bruce Leonard Bruce Leonard Melinda Hicks Melinda Hicks Yolanda Alvarado Sanchez Yolanda Alvarado Sanchez Blake McClellan Blake McClellan, Yesenia Mohammad Yesenia Mohammad Mike Wood Mike Wood Bruce Leonard Bruce Leonard, , , “ I’ve, ” “ I’ve, ” “, It’s, , ” “ Joe Rogan, Mr, Donald J, Trump, Zahou Blake McClellan Blake McClellan Mike Wood Mike Wood Melinda Hicks Melinda Hicks Blake McClellan Blake McClellan, Rev, Hale “, Kemp, Scigliano, it’s, Alena, Heather Breslin, ” Heather Breslin It’s, Melinda Hicks Melinda Hicks Sang, Zahou Blake McClellan Blake McClellan “ I’m, “ I’m, Zippora Fleming, Chanel Kho Chanel Kho, Kho, you’ll, Yolanda Alvarado Sanchez Yolanda Alvarado Sanchez, Yolanda Alvarado Sanchez Yolanda Alvarado Sanchez “, ” It’s, We’ve, Harris, Arturo Foster, Chris Lipski, Zahou Blake McClellan Blake McClellan Bruce Leonard Bruce Leonard “, Let’s, ” Let’s, Robyn, “ It’s Organizations: Voters, NPR, Prosecutors, Republican, Mr, Atlanta, Labor, ” Labor, America, Colombian, Trump Locations: Georgia, Atlanta, Metro Atlanta, , “ Atlanta, California, New York, Fayette County, Philippines, Mexico, , America, United States, Decatur
The Missouri bird flu patient, who didn’t have known contact with poultry or dairy cows, was hospitalized in August and tested positive for the H5 virus. The CDC reported last week that a health care worker who cared for the patient developed mild respiratory symptoms and tested negative for influenza. Additionally, a person who lived with the Missouri patient also became sick on the same day. The second health care worker will be offered a blood test to determine if there are antibodies for the bird flu virus. It isn’t yet known how the Missouri patient got infected with bird flu, the CDC said Friday.
Persons: Nirav Shah, it’s, wasn’t, Matthew Binnicker, “ I’m, Binnicker, William Schaffner, ” Schaffner Organizations: Centers for Disease Control, Prevention, CDC, Mayo Clinic, Vanderbilt University Medical Center Locations: Missouri, Nashville , Tennessee
New York City’s former Covid czar has admitted to participating in what he called “private gatherings” attended by multiple people while the rest of the city was on lockdown and large get-togethers were prohibited during the pandemic. “I served in City Hall between April 2020 — May 2021,” Varma said in a statement issued by his spokesman, Chris Vlasto. He became a national figure when Brooklyn Nets star Kyrie Irving was barred from playing basketball in New York City because he refused to get vaccinated. At the time, New York state had increased the limit on outdoor social gatherings from 200 to 500 people. In the apparently heavily edited video, Varma appeared to recognize the hypocrisy of telling New Yorkers to isolate while he was partying with large groups of people.
Persons: , Jay Varma, , ” Varma, Chris Vlasto, Bill de Blasio, Irving, Varma, Vlasto, podcaster Steven Crowder, Crowder, ” SIGA, Hilary Organizations: Brooklyn Nets, NBC News, New, NBC, SIGA Technologies Locations: York, Covid, City Hall, New York City, New York, America, , American, San Francisco
The Federal Trade Commission said Friday that it is suing three drug middlemen, accusing them of inflating insulin prices. PBMs work with insurance companies to negotiate discounted prices from drug companies in exchange for including the drugs in their coverage. The drug was priced at $274 in 2017, as a result of the PBMs rebate system strategy, the FTC said. In July, Democratic and Republican lawmakers blamed executives from Caremark, Express Scripts and Optum Rx for sky-high prescription drug prices in the U.S. during an oversight committee hearing. The lawsuit also comes as states — most recently Vermont — have sued PBMs, alleging they drive up drug costs.
Persons: Cigna, Eli Lilly, Rahul Rao, It’s, Raja Krishnamoorthi, PBMs Organizations: Federal Trade Commission, FTC, CVS, Cigna's, Zinc Health, Ascent Health, Emisar Pharma Services, UnitedHealth, CVS Health, Novo Nordisk, Democratic, Republican, Caremark, New York Times, Republicans, ” Rep Locations: U.S, FTC’s, Vermont
Kenneth Hauck wasn’t sure how he would vote when the race between former President Donald Trump and Vice President Kamala Harris was just a hypothetical scenario. Now it’s a reality, and Hauck still isn’t sure whom he will support — but he’s leaning toward Harris. Of the 21 previously undecided voters who recently spoke with NBC News, the largest group included nine voters like Hauck who said that they are still undecided but that they are concerned about Trump and are leaning toward picking Harris. Four more are definitely supporting Harris, while one is backing Trump, and three are leaning toward him. The voters, who come from different backgrounds and corners of the country, are bound by skepticism about politics and politicians.
Persons: Kenneth Hauck wasn’t, Donald Trump, Kamala Harris, Harris, , , Hauck, Harris ’, Trump, I’m, Norna, Robert Marinoff, ” Marinoff, Lorenzo Alderiso, ” Alderiso, Alderiso, Elizabeth Solivan, ” Solivan, Joel B, ” Joel, Joe Biden, Julius, President Trump, ” Jenica, she’s, Christopher Richey, Richey, ” Ryan, Ryan, Biden, ” Maria Li Organizations: NBC, Trump, Democratic, NBC News, New, Heritage, , Democrat Locations: San Diego, Florida, Queens , New York, Bethlehem , New York, Springfield , Ohio, New Mexico, Ohio, Alabama, North Carolina, Texas, Romanian, Maryland, Philadelphia
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