The trial of Donald Trump’s longtime friend is set to start. He is accused of making money by being an unregistered lobbyist in the United Arab Emirates. After six weeks of testimony by witnesses including former Secretary of State Rex Tillerson, and former Treasury Secretary Steven Mnuchin, and five days of Barrack’s testimony on the …
Trial of Tom Barrack, longtime Trump ally, begins before the jury Read More »
Larry Summers, former US Treasury Secretary, stated Tuesday that the increasing chorus of economists calling for the Federal Reserve’s halt to its aggressive rate increases to combat inflation is misguided. Critics claim that the Fed can cause a recession. Summers, however, said that there is a greater risk that the Fed isn’t doing enough to …
Larry Summers, former Treasury Secretary, urges Fed to continue hiking rates Read More »
In September, the number of jobs available in the United States increased. This surprised economists who expected it to fall due to the Federal Reserve’s aggressive actions to cool the economy. According to data from the Bureau of Labor Statistics, 10.7 million job openings were created in September, compared with 10.3 million in August. According …
Despite the Fed’s aggressive actions, September saw unexpectedly more job openings Read More »
On Halloween night, Gov. Kathy Hochul met voters at Veselka in the East Village Ukrainian restaurant. Hochul was told by one woman, “You’re doing an amazing job,” as she stopped at their table. ECONOMY, SMALL BUSINESSES, and TAXES Over a thousand restaurants were forced to close in New York City due to the COVID pandemic. …
Election 2022: Kathy Hochul navigates campaign homestretch Read More »
CAR T cell therapy revolutionized cancer treatment a decade ago. It offers individualized care for patients suffering from blood cancers such as leukemia. However, it is expensive and time-consuming to provide this specialized treatment. For many young patients with aggressive forms of cancer, it can take up to two months to collect their T cells …
The goal of novel leukemia therapy is to treat sick children before time runs out Read More »
Johnson & Johnson (J&J), is purchasing Abiomed, a pioneer in cardiovascular medical technology. The purchase price for Abiomed is $380 per share. The transaction will allow the largest healthcare company in the world to treat heart disease, and it continues a shift that began last year away from its consumer health roots. Abiomed creates products …
J&J buys Abiomed for $16.6B to increase cardiovascular business Read More »
BP’s third-quarter profit nearly doubled, extending a record-breaking run for earnings for one of the largest oil and gas companies in the world. This will increase the demand in Britain and the United States to tax windfall profits more heavily. In the July-September period, the UK-based energy company reported an underlying profit of $8.15 trillion, …
After profit surge, BP announces $2.5 Billion share buyback Read More »
Pfizer’s experimental RSV vaccine is safe for newborns for up to six months. The company released this statement Tuesday. According to Pfizer, the vaccine was 82% effective in preventing severe respiratory syncytial viruses (RSV) in infants born to vaccinated mothers in phase 3. The vaccine was 70% effective against severe infections in the first six …
The Supreme Court rejected Sen. Lindsey Graham’s attempt to block a subpoena to testify before a Georgia grand juror investigating the attempts of former President Donald Trump to reverse 2020 election results. Graham was not required to answer questions regarding conduct covered by the Constitution’s Speech and Debate Clauses. However, an unsigned statement was attached …
Although a beer, a glass of wine, or a cocktail might feel like a common thing, he new study suggests that it is important to be aware of alcohol consumption. According to a study published in JAMA Network Open Tuesday, 1 in 5 deaths among people aged 20-49 could be attributed to excessive alcohol consumption …
