Healthcare Industry Hit Again As Workers Walk Out Over Labor Disputes

Tens of thousands of Kaiser Permanente workers across California, Colorado, Oregon, and Washington have gone on strike on Wednesday, potentially causing disruptions to the healthcare system that serves nearly 13 million Americans, reports the Associated Press. The strike, approved by the Coalition of Kaiser Permanente Unions and representing about 85,000 employees, is driven by demands…

ByFinance Capitol StaffOctober 5, 2023

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How Can Generative AI Improve Your Sales?

It’s been a while since generative AI was available for the public, and paradigms have shifted rapidly. The impact that AI has had is real and implementing it on business strategies will become critical in the future. According to an article published in Forbes, companies using AI in sales have reported a 50% increase in…

ByFinance Capitol StaffAugust 29, 2023

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A $5.4 Billion International Acquisition By Intel Is Cut Off After China Refused To Give Approval

A $5.4 billion international acquisition of an Israeli chip manufacturer by Intel was cut off after China did not sign off on the deal, probably because of rising tensions with the United States, reports the Associated Press. The decision was made by both Intel and Tower Semiconductor. Intel said that the deal was cut off…

ByFinance Capitol StaffAugust 17, 2023

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Solar Will Be The Cheapest Energy Source In The Future

DNV, a global risk management firm and a renewable energy consultant, released its annual Energy Transition Outlook reports, where the firm forecast the future of energy towards a pathway to net zero emissions. In this report, the company highlights the importance solar energy will have in the future. Solar will become cheaper in the coming…

ByFinance Capitol StaffJune 27, 2023

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IBM Nears $5 Billion Deal For Software Provider Apptio – WSJ

June 23 (Reuters) - IBM is nearing a deal to acquire software company Apptio for about $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter. A deal between the companies could be completed over the weekend, the Journal reported, adding that it was unclear whether the purchase price includes…

ByRahat Sandhu, ReutersJune 23, 2023

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Amazon Duped Millions Of Consumers Into Enrolling In Prime, US FTC Says

WASHINGTON, June 21 (Reuters) - The U.S. Federal Trade Commission on Wednesday accused Amazon.com of enrolling millions of consumers into its paid subscription Amazon Prime service without their consent and making it hard for them to cancel, the agency's latest action against the ecommerce giant in recent weeks. The FTC sued Amazon in federal court…

ByDavid Shepardson, ReutersJune 21, 2023

International uncategorized

US Government Lowers Argentine Corn, Soy Harvest View

Soybean production in Argentina will fall to a 23-year low and corn production to a five-year low, smaller than previously thought, as a crop-wasting drought decimated fields in the key South American producer, the U.S. government said on Tuesday. Argentina's soybean harvest was pegged at 27.00 million tonnes and the corn crop at 37.00 million…

ByMark Weinraub, ReutersApril 10, 2023

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Biden Says ‘More Coming’ On Drug Pricing After Inflation Fines

WASHINGTON/LAS VEGAS, March 15 (Reuters) - U.S. President Joe Biden on Wednesday said his administration would subject 27 drugs to inflation penalties, a move that will reduce out-of-pocket costs for Medicare recipients by as much as $390 per dose, and he pledged more drug price cuts were coming. Drugmakers hiked the price for 27 drugs…

ByReutersMarch 30, 2023

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Binance, World’s Top Crypto Exchange, At The Center Of US Investigations

The world's biggest cryptocurrency exchange Binance and its CEO Changpeng Zhao have been sued by the U.S. Commodity Futures Trading Commission (CFTC) over regulatory violations, according to a court filing on Monday. Here are some key facts about Binance: THE COMPANY Binance was founded in Shanghai in 2017, but later moved to Tokyo and then…

ByTom Wilson, ReutersMarch 29, 2023

Business Financial Updates uncategorized

Biden To Require Chips Companies Winning Subsidies To Share Excess Profits

WASHINGTON, Feb 28 (Reuters) - The Biden administration on Tuesday said it will require companies winning funds from its $52-billion U.S. semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare. The Commerce Department on Tuesday released its plans to begin accepting applications in late June for…

ByDavid Shepardson, ReutersFebruary 28, 2023

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