Business
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Analysis of Donanemab: The Next Alzheimer’s Breakthrough
A recent recommendation from a panel of independent advisors to the Food and Drug Administration has opened the door for Eli Lilly’s Alzheimer’s drug, donanemab, to potentially receive full approval in the United States. This recommendation is significant as it would provide another treatment option for the more than 6 million Americans affected by Alzheimer’s,…
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The Controversy Surrounding UAW President Shawn Fain
The United Auto Workers President Shawn Fain is currently under investigation by a federal court-appointed watchdog named Neil Barofsky. The main purpose of this investigation is to monitor the union and eliminate corruption within it. The monitor is specifically looking into whether Fain has abused his power as the union president. Additionally, union leaders, including…
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Cricket’s Growing Popularity in the U.S. Attracts High-Profile Investors
Cricket, a sport that may not be as mainstream in the United States as it is in other parts of the world, is gaining traction with the help of high-profile CEOs and investors. As the Men’s T20 Cricket World Cup unfolds with the U.S. as a co-host for the first time, an impressive sum close…
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The Economic Impact of the Child Care Crisis in America
The Covid-19 pandemic has brought to light the vulnerabilities and resilience of the American economy, particularly in the child care sector. With daycares closing, schools shifting to remote learning, and parents struggling to balance work and childcare, the demand for child care services has surged. Although employment in the child care industry has bounced back…
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The Synapse Bankruptcy: A Deep Dive Into the Missing Funds Crisis
The recent bankruptcy of Synapse, a fintech middleman, has revealed a staggering $85 million shortfall between what partner banks are holding and what depositors are owed. Trustee Jelena McWilliams, appointed by the court, disclosed that customers of fintech firms using Synapse had $265 million in balances, while the banks only had $180 million associated with…
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The Ongoing Negotiations Between the PGA Tour and Saudi-backed LIV Golf
The PGA Tour and the Saudi-backed LIV Golf have been engaged in ongoing discussions, according to a source familiar with the matter. These talks come one year after the initial announcement that the two entities had agreed in principle to join forces. The negotiations have been described as “extremely active,” with regular meetings being held…
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Rivian Automotive Unveils Upgraded All-Electric R1 Pickup and SUV Models Powered by Nvidia Chips
Rivian Automotive recently revealed the redesign of its all-electric R1 pickup and SUV models, showcasing improvements in range, performance, and computing power with the integration of Nvidia chips. The 2025 model-year vehicles boast significant upgrades, despite maintaining a similar outward appearance to their predecessors. Rivian disclosed that over half of the hardware components in the…
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American Airlines CEO Offers Flight Attendants 17% Wage Increase Amid Contract Talks
American Airlines CEO Robert Isom has offered flight attendants an immediate 17% wage increase amidst ongoing contract talks that have failed to yield a deal. The airline and the Association of Professional Flight Attendants have been in disagreement on key issues, such as pay, leading to tension and a potential strike on the horizon. Flight…
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Boeing CEO Faces Senate Panel Amid Quality Control Concerns
Boeing CEO Dave Calhoun is scheduled to testify before a Senate panel on June 18 to address concerns raised by whistleblower allegations and issues surrounding quality control at the aircraft manufacturer. This hearing comes at a crucial time for Boeing as it deals with a safety crisis that has damaged its reputation in the industry.…
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The Unintended Consequences of Fintech Startup Yotta’s Crisis
The founding of Yotta by Adam Moelis in 2019 was initially intended to revolutionize the way Americans save money, providing a unique way to build financial cushions for life’s uncertainties. However, the unintended consequences of a dispute between Yotta’s banking partners Synapse and Evolve Bank & Trust have led to a crisis that has left…