California, Washington plan to prohibit sales of new gas vehicles by 2035
The move by the California is likely to reshape the U.S. auto market, which gets 10% of its sales from the nation’s most populous state.
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Insulin cap for Medicare patients signals hope for others
In January, the cost of insulin for patients on Medicare will be capped at $35 a month. But that cap doesn’t apply to those with private insurance, which is used by the majority of those in need of insulin.
Fewer Americans claim weekly jobless benefits
The number of Americans collecting traditional unemployment benefits fell by 19,000 the week that ended Aug. 13, to 1.42 million.
Government revision shows economy shrank 0.6% last quarter
In its previous estimate for the April-June quarter, the government had estimated that the economy had shrunk at a 0.9% rate.
Study: Pfizer COVID pill showed no benefit in younger adults
The researchers found that Paxlovid reduced hospitalizations among people 65 and older by roughly 75% when given shortly after infection. But people between the ages of 40 and 65 saw no measurable benefit, according to the analysis of medical records.
Andretti effort to join Formula One the most vocal of many inquiries
Formula One has multiple inquiries from potential team owners who have taken a more behind-the-scenes approach than Michael Andretti, who has been “quite vocal” in his desire to expand the current grid, F1’s CEO said Wednesday.
Amazon to shut down virtual health care service Amazon Care
Amazon is closing the hybrid virtual, in-home care service it’s spent years developing, a surprising move that underscores the challenges it faces as it moves into health care.
SEC questions Twitter on how it counts fake accounts
The SEC’s Division of Corporation Finance asked the questions in a June 15 letter, shortly before Tesla CEO Elon Musk raised the issue as grounds to back out of a deal to buy Twitter for $44 billion.
Biden announces long-awaited student debt-forgiveness plan
The plan calls for $10,000 or more in federal loan forgiveness for millions of Americans. Democrats are betting that President Joe Biden, who has seen his public approval tumble over the past year, can help motivate younger voters to the polls with the announcement.
Biden set to announce delayed plan for student-loan relief
The plan, expected to be revaled Wednesday, would likely eliminate student debt entirely for millions of Americans and wipe away at least half for millions more.
Indiana Dems confirm candidate for 2nd District race
Democrat Paul Steury has been confirmed as the party’s candidate for the special election that will determine who will complete the congressional term of Republican U.S. Rep. Jackie Walorski following her death in a northern Indiana highway crash.
Former Twitter security chief files whistleblower complaints
A former head of security at Twitter has filed whistleblower complaints with U.S. officials, alleging that the company misled regulators about its cybersecurity defenses and its problems with fake accounts.
As Amazon grows, so does its eye on consumers
From what you buy online, to how you remember tasks, to when you monitor your doorstep, Now it plans to spend billions of dollars on two gigantic acquisitions that, if approved, will broaden its ever growing presence in the lives of consumers.
Pfizer seeks OK of updated COVID vaccine booster for fall
Pfizer asked U.S. regulators Monday to authorize its combination COVID-19 vaccine that adds protection against the newest omicron relatives—a key step toward opening a fall booster campaign.
Regal Cinemas parent considers bankruptcy as theater struggles continue
Cineworld faces challenges specific to itself after building up $4.8 billion in net debt, not including lease liabilities. But the entire industry is navigating a tenuous recovery after the pandemic shut theaters worldwide.
Wanted: 7,000 construction workers for Ohio chip plants
Ohio’s largest-ever economic development project comes with a big employment challenge: how to find thousands of construction workers in an already booming building environment when there’s also a national shortage of people working in the trades.
Ford to appeal $1.7 billion verdict in Georgia truck crash
The case involved what the plaintiffs’ lawyers called dangerously defective roofs on Ford pickup trucks. Lawyers for the plaintiffs had submitted evidence of nearly 80 rollover wrecks that involved truck roofs being crushed that injured or killed motorists.
Rudy Yakym gets GOP nod to replace late U.S. Rep. Walorski
Rudy Yakym, who was endorsed by U.S. Rep. Jackie Walorski’s widower, overcame a field of a dozen candidates, derailing a political comeback bid by former Indiana Attorney General Curtis Hill.
Buttigieg warns airlines to help travelers or face new rules
Transportation Secretary Pete Buttigieg has been sparring with the airlines since late spring over high numbers of canceled and delayed flights.
Walmart expands abortion coverage for employees
Walmart, the nation’s largest employer, is expanding its abortion coverage for employees after staying largely mum on the issue for months following the Supreme Court ruling that overturned a nationwide right to abortion.