FINANCE

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Chinese Property Companies Hit With Credit Downgrades as Evergrande Crisis Deepens
Property firms in China are going through one of the most difficult times in recent memories, with real estate giant Evergrande and a host of other companies unable to pay loans and suffering from a...
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FDA Weighs Endorsing a Johnson & Johnson Booster Shot
On Oct. 13, U.S. drug regulators said a second shot of Johnson & Johnson’s single-shot COVID-19 vaccine could bolster people’s protection against the disease, but regulators did not have enough time to analyze the data...
U.S. Treasury Secretary, Janet Yellen speaks during a press conference after attending the G7 Finance Ministers meeting at Winfield House on June 5, 2021 in London, England. G7 leaders want to enact a global 15 percent minimum corporate tax rate.
IRS Plan to Monitor All Transactions Over $600 Sparks Opposition
A Biden administration proposal that would allow tax officials to scrutinize all transfers of money over $600 in value has led to significant backlash and criticism, despite assurances that the policy targets tax-evaders among the...
Fall Forward Into a New Career at the Medical Training Institute of New York
The Medical Training Institute of New York (MTI) offers a healthy program of continuing medical education courses. It specializes in helping non-medically trained staff to understand medical terminology, whether encountered through doctors’ reports, prescriptions, or...
Southwest Airlines Cancels More Than 1800 Flights; Blames Air Traffic Control Issues, Weather
Since Friday, Southwest Airlines has canceled more than 1800 flights, igniting speculation about a massive walkout of staff after the company announced mandatory vaccination for all employees. Instead, Southwest blamed the cancellations on the weather,...
A contact tracing QR code is seen at the entrance of a restaurant in Sydney on July 13, 2021. Rashays, a 27-location chain based in Sydney, says it will not reopen its doors when the New South Wales government relaxes restrictions on Oct. 1. Instead, Rashays will wait until Dec. 1 when vaccine passports are scheduled to be scrapped entirely. Co-founder Rami Ykmour said his company expects to lose $10 million during the delay, but feels the sacrifice is worth it for their business values.
Australian Restaurant Chain Expects to Lose $10 Million to Postpone Reopening Until ‘It’s a One-tier Society’
A 27-location restaurant chain in Australia’s New South Wales (NSW) state will remain closed after the government relaxes Coronavirus Disease 2019 (COVID-19) measures on Oct. 11, waiting until the so-called “Freedom Day” where the government...
Trading of Evergrande Shares Halted; Worries Concerning Chinese Property Market Deepen
On Oct. 4, Evergrande halted trading of its shares on the Hong Kong Stock Exchange (HKSE) pending a “major transaction,” which some believe involves Chinese state companies buying up portions of the firm’s assets.   Evergrande...
The headquarters of Merck in Darmstadt on November 22, 2019 in Germany. Merck’s antiviral COVID-19 pill, molnupiravir, was developed with $35 million in NIH and NIAID taxpayer funding at Emory University. Now, Merck is selling it back to the government at 35 times the cost of its generic counterpart.
The NIAID and NIH Financed Development of Merck’s COVID Pill, Now They’re Selling to Taxpayers at 3,500% Markup
Merck’s recently announced pill-based antiviral treatment for COVID-19 was researched and developed at a U.S. university using taxpayer funds. Now, the pharmaceutical giant is selling it back to the government at 35 times the cost...
Made-in-China Passenger Jet Comes With 40 Percent Foreign Components
The Commercial Aircraft Corp of China (COMAC) is set to deliver its first large passenger jet, the C919, to the plane’s first customer by the end of the year. Interestingly, around 40 percent of the...