U.S. unemployment claims drop for seventh straight week
Overall, 2.1 million Americans were collecting traditional unemployment checks during the week that ended Nov. 6, down by 129,000 from the week before.
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Rising prices threaten profit margins at food companies
As food producers raise prices, grocers and restaurants are passing the increases along to consumers for the most part, rather than have them chip away at profit margins. That strategy might not work much longer, several analysts said.
Pfizer, U.S. ink $5.29B deal for possible COVID-19 treatment
Pfizer asked the Food and Drug Administration on Tuesday to authorize emergency use of the experimental pill, which has been shown to significantly cut the rate of hospitalizations and deaths among people with coronavirus infections.
Deere workers approve third contract offer, end monthlong strike
The United Auto Workers union said 61% of its members approved the deal with Deere & Co. on their third vote, even though the new offer was strikingly similar to one that 55% of workers rejected two weeks ago.
FedEx shooting victims ask Indianapolis for $2.1 million
Lawyers for the victims said the Indianapolis Metropolitan Police Department and the Marion County Prosecutor’s Office failed to follow Indiana’s red flag law when they decided not to file a case with the courts to suspend the shooter’s gun rights in March of 2020.
Under pressure, Apple allows self-repairs to iPhones, Macs
Apple is launching an online store for self-service repairs early next year that it says will have more than 200 individual parts and tools for making the most common repairs on the iPhone 12 or iPhone 13.
Indiana high court taking governor’s suit over emergency law
The legal fight over the increased power Indiana legislators gave themselves to intervene during public health emergencies will be going before the state Supreme Court, although not for nearly five months.
U.S. offering investment to boost COVID-19 vaccine capacity
The Biden administration is making billions of dollars available to drugmakers to expand domestic production of COVID-19 vaccines in the hopes of building capacity to produce an additional 1 billion shots per year to share with the world.
Nominee for U.S. banking regulator faces hostile opposition
Saule Omarovaa’s previous criticism of the banking industry makes the banks fearful she will be a tough regulator for Wall Street. They also are wary because of academic writings in which she has proposed substantial overhauls to how banks operate in the U.S.
Biden pushes electric vehicle chargers as energy costs spike
The president is hoping to do even more to promote electric vehicles, including a provision for a $7,500 tax credit for consumers who buy electric vehicles through 2026 that’s been floated as part of his proposed $1.85 trillion social services and climate bill.
Indiana governor, GOP lawmakers look to end COVID-19 orders
Indiana’s governor is facing pressure from fellow Republicans to end the statewide COVID-19 public health emergency order that’s been in place since March 2020 even as the state has seen a recent jump of infections and hospitalizations.
GOP-majority court chosen to consider Biden vaccine mandate
The selection could be good news for those challenging the administration’s vaccine requirement, which includes officials in 27 Republican-led states, employers and several conservative and business organizations.
Boosters for all adults in U.S. could be OK’d by this weekend
Pfizer asked U.S. regulators last week to allow boosters of its COVID-19 vaccine for anyone 18 or older. The Food and Drug Administration is expected to sign off on Pfizer’s application.
Yellen extends date for potential debt default
Treasury Secretary Janet Yellen told Congress on Tuesday that she believed she would run out of maneuvering room to avoid the nation’s first-ever default soon after Dec. 15.
Notre Dame receives record $50M gift toward undergrad aid
Alumnus Harry Fath and his wife, Linda, of Cincinnati, pledged the money exclusively toward aid for undergraduates, Notre Dame officials said.
Pfizer asks U.S. officials to approve promising COVID-19 pill
Pfizer reported earlier this month that its pill cut hospitalizations and deaths by 89% among high-risk adults who had early symptoms of COVID-19.
A dozen states, including Indiana, challenge health worker vaccine mandate
The latest suit, dated Monday, was filed in Louisiana on behalf of 12 states and comes less than a week after another lawsuit challenging the rule was filed in Missouri by a coalition of 10 states.
U.S. industrial production rebounded 1.6% last month
U.S. industrial production rebounded as automakers posted strong increases and the adverse effects from a hurricane that struck the nation’s energy complex in the Gulf of Mexico faded.
Americans ramped up retail spending in October
Solid hiring, strong pay raises, and healthy savings for many households are underpinning robust spending. But much of the sales increase reflected higher prices.
Biden signs $1T infrastructure deal with bipartisan crowd
The president hopes to use the infrastructure law to build back his popularity, which has taken a hit amid rising inflation and the inability to fully shake the public health and economic risks from COVID-19.