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THE WALL STREET JOURNAL

Supreme Court Puts Limits on EPA in Far-Reaching Decision

The Supreme Court ruled federal regulators exceeded their authority in seeking to limit emissions from coal plants, in a decision that sharply curtails the executive branch’s authority to make policy on a range of issues without congressional direction. The blockbuster ruling is likely to rein in President Biden’s ability to... Read more...

GM Slowly Ramps Up Hummer EV Output

The auto maker has a waiting list of 77,000 prospective buyers, but is making about 12 a day—trailing the pace of similar offerings from Ford and Rivian.... Read more...

Walgreens Profit Shrinks After Opioid Deal, Fewer Vaccinations

The drugstore chain said its quarterly sales fell and earnings plunged as revenue from Covid-19 vaccinations dried up. It also paid out a $683 million opioid settlement.... Read more...

Russian Gas Cuts Push Uniper Into Bailout Talks

The German utility, one of Europe’s largest, said earnings would be hit hard after Russia’s Gazprom slashed natural-gas deliveries via the Nord Stream pipeline.... Read more...

Pfizer Asks FDA to Fully Approve Its Covid-19 Pill

Approval of Paxlovid, which has been available under an Food and Drug Administration authorization for use during the pandemic, would allow Pfizer to market and sell it commercially.... Read more...

CNBC

FCC authorizes SpaceX to provide mobile Starlink internet service to boats, planes and trucks

The FCC authorized SpaceX to provide Starlink satellite internet to vehicles in motion, a key step for Elon Musk's company to further expand the service.... Read more...

Housing shortage starts easing as listings surge in June

The historic housing shortage brought on by slow construction and strong demand from buyers in the pandemic is finally starting to ease.... Read more...

Walgreens profits squeezed as Covid vaccine wanes, health-care investment rises

The drugstore reiterated its forecast for the year after seeing online purchases jump and retail sales bounce back in the quarter.... Read more...

Captain Minnie Mouse, 'Frozen' and a $5,000 Star Wars cocktail: Disney pins big hopes on new Wish cruise ship

Disney's newest cruise ship sets sail at a time of transition and recovery for the cruise industry, which was battered by the pandemic.... Read more...

Former Apple, JC Penney exec Ron Johnson's Enjoy Technology files for bankruptcy months after it went public

Enjoy Technology, a retail startup founded by Ron Johnson, a former exec of Apple and JC Penney, filed for Chapter 11 bankruptcy protection on Thursday. ... Read more...

FINANCIAL TIMES

UK trade performance falls to worst level on record in first quarter

Official figures corroborate academic studies showing sharp drop in exports since Brexit... Read more...

UK to suffer high inflation longer than other nations, warns Bailey

Bank of England governor says further rate rises may be needed to curb rapidly rising prices... Read more...

Global inflation tracker: see how your country compares on rising prices

Russia’s invasion of Ukraine has raised prices for everything from energy to wheat, adding to inflationary pressures worldwide... Read more...

China lured graduate jobseekers into digital espionage

FT investigation reveals student translators were targeted by front company for Beijing-backed hacking group APT40... Read more...

Business leaders need to speak up for democracy

Staying silent might be easier but it could damage both company reputations and the US political economy... Read more...

FORTUNE

Fortune/Merative 100 Top Hospitals 2022: Community Hospitals

Fortune partnered with Merative on the 2022 ranking of the 100 Top Hospitals in the U.S. ... Read more...

Fortune/Merative 100 Top Hospitals 2022: Teaching Hospitals

Fortune partnered with Merative on the 2022 ranking of the 100 Top Hospitals in the U.S. ... Read more...

Fortune/Merative 100 Top Hospitals 2022: Health Systems

Fortune partnered with Merative on the 2022 ranking of the 100 Top Hospitals and 15 Top Health Systems in the U.S.... Read more...

The 2022 Fortune/Merative 100 Top Hospitals

Fortune and Merative have partnered to rank the best hospitals and health systems in the U.S.... Read more...

Bill Gates’ résumé from 1974 features 3 details experts warn you should never include

Bill Gates shared his résumé from freshman year of college on LinkedIn, and it included a few mistakes. One of them: including his height and weight.... Read more...

FINANCIAL EXPRESS

Zero tolerance on safety: Take action against truant EV-makers & overhaul the entire vehicle testing system

Many experts have also blamed poor testing protocols and the use of cheap and questionable quality batteries (especially those imported from China), etc. ... Read more...

Non-bank microfinance institutions seek lenders’ meet on extension of loan moratorium

“Collections have been impacted in flood-affected areas as microfinance officials are not able to collect repayment collections from the borrowers. Officials are unable to reach the flood-affected areas,” Manoj Kumar Nambiar, MD, Arohan Financial Services, told FE.... Read more...

Production-linked incentives: Deadline to apply for specialty steel PLI extended to July 31

Sources said a delay in the preparation of final guidelines under the scheme has been instrumental for repeated extensions.... Read more...

Finance ministry to do impact analysis of public-sector banks merger, seeks report from banks

This is the first time that the ministry has sought such a comprehensive report on the merger from these banks.... Read more...

Future Enterprises defaults on interest payment

Prior to this on June 22, the company said it defaulted on an interest payment of Rs 85.71 lakh, and before that the firm missed interest payment of Rs 6.07 crore due on NCDs.... Read more...

FINANCIAL POST

Takeda’s TAKHZYRO® (lanadelumab) Demonstrated Positive Results in the Prevention of HAE Attacks in First and Only Open-Label Phase 3 Trial in Children Ages 2 to

Children Ages 2 to <12 Experienced 94.8% Fewer Hereditary Angioedema (HAE) Attacks During Treatment with TAKHZYRO Over the 52-Week Treatment Period Compared to Baseline Late-Breaking Flash Talk Presentation of Phase 3 Data Highlights Positive, Clinically Meaningful Results in Children <6 Years, Where No Long-Term Prophylaxis Treatment (LTP) is Currently Approved... Read more...

Petroecuador Sees End of Force Majeure on Oil Exports by July 7

Ecuador’s state-controlled oil company expects to lift a force majeure on exports of its flagship Oriente crude next week if nationwide protests that have rattled the country come to an end.... Read more...

Hampton Financial Corporation Announces Completion of First Tranche of Non-Brokered Private Placement of Unsecured Convertible Debentures

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, June 30, 2022 (GLOBE NEWSWIRE) — Hampton Financial Corporation (“Hampton” or the “Corporation”) (TSXV: HFC) (TSXV: HFC.PR.A) is pleased to announce the closing of the first tranche of a non-brokered private placement of unsecured convertible... Read more...

DE Shaw, executives must pay $52 mln to ex-money manager, arbitration panel says

NEW YORK — The prominent U.S. hedge fund DE Shaw and four senior executives must pay $52.1 million to a former top money manager who accused the firm of defamation, an arbitration panel ruled. Dan Michalow had been fired by DE Shaw in March 2018, which at the time accused... Read more...

MSCI global stock index has biggest first-half drop on record

NEW YORK — The MSCI global stock index notched its biggest first-half of a year percentage drop on record on Thursday, while the U.S. benchmark S&P 500 had its steepest percentage drop for the first six months since 1970. Behind the slides have been concerns over the Ukraine-Russia war, soaring... Read more...

Moneyweb

How much is load shedding costing the economy?

The failure to solve Eskom suggests there's no political will to solve it...vested interests may be preventing a solution: Isaah Mhlanga – chief economist, Alexforbes.... Read more...

PPI increased 14.7% y/y in May

‘We're probably going to get more interest-rate hikes from the US and the Reserve Bank now and perhaps towards the end of the year into next year’: Annabel Bishop – group chief economist, Investec.... Read more...

Market Watcher: We want to see a goldilocks economy

John Cairns of RMB discusses the factors influencing the rand's moves as well as investor sentiment as the market fears a recession.... Read more...

Why is South Africa facing its worst power crisis in two years?

As Stage 6 continues. ... Read more...

SA’s May budget deficit at R17.13bn

Compared to a shortfall of R5.44bn in the same month a year earlier.... Read more...

strategy+business

Thinking through the ethics of corporate journalism--before there's a problem

For the second year in a row, corporate content beat traditional information sources, such as media and government, as the most trusted news source in the Edelman Trust Barometer. A recent PwC survey yielded similar results, with 63% of consumers saying they have trust in US companies. But... Read more...

Mining the (clean energy) gap

We may indeed need less coal in the future to create electricity. But the often-overlooked reality is that the shift to net zero will require more mining, not less. The low-emission energy systems of the future--solar and wind power, electric vehicles, and grid-scale batteries--will be highly material-intensive. ... Read more...

The hidden costs of the middleman economy

Tom Ehrenfeld reviews Direct: The Rise of the Middleman Economy and the Power of Going to the Source, by Kathryn Judge, and discusses the nascent threat that, she argues, middlemen play in today's economy.... Read more...

Pedal to the metal

In this roundup of recent insights from PwC thought leaders, Daniel Gross sees a clear message to companies and governments that are skittish about decarbonization in the face of new global uncertainty: this is no time to take your foot off the gas.... Read more...

To improve management, build a decision factory

In their new book, Decision Leadership, professors Don A. Moore and Max H. Bazerman peg leadership success to the ability to make better decisions throughout the organization. To help companies develop this capability, they weave together the various threads of behavioral economics and translate them into practical... Read more...

BUSINESS DAILY

MTN appoints Safaricom's Sylvia Mulinge as Uganda CEO

Sylvia Mulinge is the latest high-profile Safaricom executive to leave the firm.... Read more...

Stanchart picks 10 female-led startups for funding

Standard Chartered Bank has picked 10 female-led startups for Sh1 million seed funding and...... Read more...

Inflation rises to 58-month high as goods prices soar

June inflation has breached the government’s upper limit target for the first time since August...... Read more...

EU seeks deal on ground-breaking rules to regulate crypto

Globally, crypto assets are largely unregulated, with national operators in the EU only...... Read more...

Treasury shuns law set to control goods prices

The Treasury will not invoke the law that allows the government to control the prices of...... Read more...
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