A tornado heavily damaged a major Pfizer pharmaceutical plant in North Carolina on Wednesday, the latest in a string of extreme weather events plaguing the U.S. on a day when floods deluged communities in Kentucky and scorching heat smothered Phoenix and Miami. Parts of roofs were ripped open atop its massive buildings. The Pfizer plant … Continued
Utah ranked as the best state for businesses for the 16th straight year in an annual conservative economic forecast this week, with New York ranking dead last. The American Legislative Exchange Council, a network of conservative private investors and state legislators, found in the 16th annual Rich States, Poor States report that Utah again topped a range of … Continued
Metrolink and Amtrak have announced that they are suspending service between Los Angeles and San Diego because of the ground shifting. The stretch of land that shifted occurred in San Clemente and had caused movement on the rail line. Fox Business reports that “this comes after a recent ocean surge connected to Tropical Storm Kay led to … Continued
Oberlin College in Oberlin, Ohio, announced Thursday that it will pay a local bakery $36.59 million after a legal defamation battle. The lawsuit began in 2016, when Allyn Gibson Jr. accused a black student of stealing a bottle of wine from Gibson’s Bakery, causing the college to launch a defamation campaign which included the vice president of the college calling the … Continued
By Sen. Mike Crapo Op-Ed People are reeling from pain at the pump, shock in the grocery aisles, and the continued erosion of their paychecks. Buying a house is becoming increasingly out of reach for many families. Many are struggling just to pay their monthly energy bills. As the economy continues to be hammered by runaway inflation, declining … Continued
The Aspen Institute is holding an invitation-only event, the “Aspen ESG Summit,” at a time when rising energy prices, novel climate mandates, and growing global instability have made environmental, social, and corporate governance (ESG) a subject of controversy. Speakers on the three-day summit’s agenda include Securities and Exchange Commissioner Allison Herren Lee, who recently voted for sweeping new climate disclosure requirements … Continued
Abbott Laboratories has reopened its Sturgis, Michigan baby formula plant, which was shut last month due to heavy rains, a company spokesperson told Reuters on Saturday. Abbott resumed operations on July 1 and has started producing specialty baby formula EleCare. The company which has been at the center of a baby formula shortage in the country had shut down the … Continued
Ken Griffin, Chicago’s richest man and founder of the hedge fund Citadel, recently announced in a letter to employees that his company would be relocating to Miami. “I am excited to share with you that Citadel is moving its global headquarters to Miami,” the letter read. “Miami is a vibrant, growing metropolis that embodies the American … Continued
In the aftermath of the Supreme Court’s landmark decision to overturn Roe Vs. Wade on Friday, many large U.S. companies across multiple sectors championed their workplace health plans that will cover out-of-state abortion costs for employees. JPMorgan Chase confirmed in an internal memo obtained by CNBC that it would maintain its commitment to offer travel benefits for abortions in states where … Continued
At the inaugural UPS Impact Summit, the shipping company announced it will invest $8.75 million in Atlanta companies in a pledge to advance “ESG [environmental, social and justice agenda], diversity, equity and economic empowerment.” “UPS is a purpose-driven company. We move goods while also doing good – this is who we are in our hometown and in … Continued
The world’s first trillionaires could be from Texas, according to a new analysis of the 30 richest people in the world. A new report published by the software company Tipalti Approve estimates that newly relocated Texas resident, Tesla CEO and billionaire Elon Musk, could become the world’s first trillionaire by 2024. Houston native and Dell Technologies CEO … Continued
Governor Glenn Youngkin, Senators Tim Kaine (D-VA) and Mark Warner (D-VA), and Representative Don Beyer (D-VA-08) spoke at a Monday ceremony celebrating Boeing’s relocating its headquarters to Arlington and its partnership with Virginia Tech’s Innovation Campus in Arlington. Youngkin said that when Boeing announced its move to Virginia in May, he “was particularly proud because when we … Continued
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