Consumer spending rebounded in August despite COVID
Americans bought more furniture, clothes, and groceries during the month, while the delta variant caused them to pull back on traveling and eating out.
Associated Press
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Merck says experimental pill cuts worst effects of COVID-19
If cleared, the drug would be the first pill shown to treat COVID-19, a potentially major step forward in global efforts to control the pandemic. All COVID-19 therapies now authorized in the U.S. require an IV or injection.
Ban on ‘surprise’ medical bills on track for Jan. 1 rollout
Surprise medical bills have been a common problem for people with health insurance, all the more irritating because most patients might have thought they were protected.
Vote delayed, Democrats struggle to save Biden $3.5T bill
Deeply at odds, President Joe Biden and his party are facing a potentially embarrassing setback—if not politically devastating collapse of the whole enterprise—if they cannot resolve the standoff over Biden’s ambitious vision.
S&P 500’s drop in September worst since March 2020
After climbing steadily for much of the year, the stock market has become unsettled in recent weeks with the spread of the delta variant, surging long-term bond yields and word that the Federal Reserve may start to unwind its support for the economy.
Carlisle’s approach brings welcome change to Pacers
After a season that tested everyone’s patience, Pacers players embraced president of basketball operations Kevin Pritchard’s decision to bring in a known commodity in coach Rick Carlisle.
Ex-Surgeon General Adams joining Purdue University
Purdue University announced Thursday that former U.S. Surgeon General Jerome Adams will be its first executive director of health equity initiatives.
Congress passes bill to avert partial government shutdown
The back-to-back votes by the Senate and then the House will help avert one crisis, but just delay another as the political parties dig in on a dispute over how to raise the government’s borrowing cap before the United States risks a potentially catastrophic default.
Big drop in teen vaping seen with COVID-19 school closures
Teen vaping plummeted this year as many U.S. students were forced to learn from home during the pandemic, according to a government report released Thursday.
NCAA to look into holding both Final Fours in same city
Combining the tournaments was one of the recommendations stemming from an external review of gender equity issues of the tournaments.
From paints to plastics, a chemical shortage ignites prices
Shortages and price spikes are now cutting into one of the humblest yet most vital links in the global manufacturing supply chain: The plastic pellets that go into a vast universe of products ranging from cereal bags to medical devices, automotive interiors to bicycle helmets.
Biden vaccine mandate splits U.S. on party lines, survey shows
About three quarters of Democrats, but only about a quarter of Republicans, approve of President Joe Biden’s plan to require most workers to get either vaccinated or regularly tested for COVID-19.
Congress moves to avert partial government shutdown
The House is expected to approve the measure following the Senate vote Thursday, preventing a partial government shutdown when the new fiscal year begins Friday.
Powell defends Fed policies, says inflation may persist
Federal Reserve Chair Jerome Powell on Wednesday stood behind the ultra-low interest rate policies he has pursued since the pandemic decimated the economy more than 18 months ago. But he acknowledged inflation has stayed higher for longer than he expected.
NLRB: College football players are employees, can unionize
National Labor Relations Board General Counsel Jennifer Abruzzo also threatened action against schools, conferences and the NCAA if they continue to use the term “student-athlete,” saying that it was created to obscure the employment relationship with college athletes and discourage them from pursuing their rights.
NCAA to start using ‘March Madness’ for women’s hoops tournament
Using the phrase, which has been associated with the men’s tournament for years, was one of the recommendations stemming from an external review of gender equity issues of the tournaments.
Stock market has worst day in months as bond yields surge
The benchmark S&P 500 index had its worst drop since May, and the tech-heavy Nasdaq had its worst drop since March.
Green energy takes hold in unlikely places with Ford project
When Ford revealed plans to spend more than $11 billion on the fledgling electric vehicle sector, the automaker chose two states where Republican leaders have criticized the push for green energy and defended fossil fuels.
Republicans nix changes to their Indiana congressional map
The Indiana Senate elections committee voted 7-2 along party lines in favor of the Republican-drawn redistricting plan for the state’s nine congressional districts and 150 state legislative seats based on population shifts from the 2020 census.
Key senators to meet with Biden in talks to trim $3.5T
Sens. Joe Manchin D-W.Va., and Sen. Kyrsten Sinema, D-Ariz., are linchpins for the final package—two centrist lawmakers who have balked at the price tag and are now under pressure to show Biden what amount they could live with.