Month: August 2023
3M faces more legal headaches after $6 billion earplug settlement
3M is on the verge of ending the largest mass tort litigation in U.S. history, but it’s still facing other expensive legal headaches. The company said Tuesday that it settled with roughly 250,000 plaintiffs in a $6.01 billion deal. Military veterans and service members alleged 3M manufactured defective earplugs that resulted in hearing loss. “I […]
Read More
Hurricane Idalia chases Florida people from the Gulf Coast as forecasters warn of storm surge
Idalia strengthened into a hurricane Tuesday and barreled toward Florida’s Gulf Coast as authorities warned citizens of susceptible areas to pack up and leave to escape the twin threats of higher winds and devastating flooding. Idalia was churning in the Gulf of Mexico as a Classification 1 storm, but it was projected to arrive ashore […]
Read More
Redwood Elements, operate by ex-Tesla CTO, raises $1 billion to broaden recycling operations in U.S.
JB Straubel sits down with CNBC’s Phil LeBeau at Redwood Materials. Redwood Elements, the battery and e-squander recycling startup started by previous Tesla CTO JB Straubel, announced Tuesday that it has shut a $1 billion funding round to grow operations in the U.S. The firm can take invested electric powered car batteries, breaks them down, […]
Read More
Previous White Household financial advisor suggests much more Fed climbing is coming
WASHINGTON — A former White Home economist on Tuesday said he thinks the Federal Reserve will hike desire costs yet again amid rising inflation quantities and electricity rates. “The hiking is coming yet again,” Kevin Hassett, former chairman of the Council of Economic Advisers underneath then-President Donald Trump, informed CNBC’s “Squawk Box.” “The inflation numbers […]
Read More
Here are the three most used drugs on the Medicare price negotiation list
Bottles of the drug Jardiance, made by Eli Lilly and Company, sit on a counter at a pharmacy in Provo, Utah, January 9, 2020. George Frey | Reuters Two blood thinners and a diabetes medication are the most widely used among a list of ten drugs that will be subject to price negotiations between manufacturers […]
Read More
Fanatics-backed vintage sports activities model Mitchell & Ness hires Nike executive as CEO
Mitchell & Ness was founded in 1904 in Philadelphia, Pennsylvania. Supply: Fanatics Mitchell & Ness, the life-style clothes manufacturer recognised for its throwback and classic jerseys and attire that was obtained by Fanatics previous 12 months, has employed Nike executive Eli Kumekpor as its new CEO. Kumekpor, who most lately served as the international vice […]
Read More
House Majority Leader Steve Scalise has a ‘very treatable’ blood cancer
U.S. House Majority Leader Rep. Steve Scalise (R-La.) listens during a press conference following a House Republican Conference meeting at the U.S. Capitol Building in Washington, D.C., July 18, 2023. Anna Moneymaker | Getty Images House Majority Leader Steve Scalise said Tuesday that he has been diagnosed with multiple myeloma, which he called “a very […]
Read More
Bitcoin rallies a lot more than 5% as court sides with Grayscale about the SEC in crypto ETF circumstance
Jaap Arriens | NurPhoto | Getty Pictures The value of bitcoin surged Tuesday after the U.S. Court docket of Appeals for the DC Circuit ruled that the Securities and Trade Fee was completely wrong to deny crypto financial investment huge Grayscale permission to convert its well known bitcoin rely on into an ETF. Bitcoin jumped about […]
Read More
Apple sends invitations for Sept. 12 start party, new Iphone 15 envisioned
Apple’s invite to its September 12 event. Apple Apple declared that it will keep a push party on its headquarters in Cupertino, California on Sept. 12, exactly where the company is envisioned to announce new iPhones. The start party will be streamed on Apple’s internet site at 1 p.m ET. Apple has applied pre-recorded videos […]
Read More
Regional banks face another hit as regulators force them to raise debt levels
Martin Gruenberg, Chair of the Federal Deposit Insurance Corporation (FDIC), testifies about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, May 18, 2023. Saul Loeb | AFP | Getty Images U.S. regulators on Tuesday unveiled plans to force regional banks to issue […]
Read More