A container containing boxes of mifepristone, the first drug in medical abortion, is prepared for patients at the Alamo Women's Clinic in Carbondale, Illinois, on April 20, 2023.Evelyn Hochstein | ReutersCVS And Walgreens The company will begin selling the abortion pill mifepristone this month at some pharmacy locations in states where it is legal, spokespeople for both companies told CNBC on Friday. CVS and Walgreens have received certification from the Food and Drug Administration to distribute commonly used birth control pills in their retail pharmacies, spokesmen for each company said in separate statements.CVS will begin filling prescriptions for the drug…
Author: ricardofrancois
A banner is pictured above a New York Community Bank branch in Yonkers, New York, United States, January 31, 2024.Mike Segar | ReutersRegional lender Community Bank of New York finds itself in a predicament that appears to be getting worse as the anniversary of last year's banking turmoil approaches.Shares of the troubled bank fell 25% on Friday to less than $4 per share after the New York Commercial Bank reaffirmed a recent $2.4 billion drop in quarterly earnings, formally replaced its CEO and delayed the release of a key annual report.However, the most troubling development is directly related to investor…
Let's say you're heading to the movie theater to watch a quirky romantic comedy. Or you're on Disney+ watching the latest Marvel superhero show after work. Or maybe you're looking for a Netflix documentary about international cuisine.Do any of these stories have any real basis in reality if they don't at least suggest the existence of a climate crisis?I can already hear some of you complaining: Why does it all have to be about climate change? Let me have some fun without having to worry about the fate of the planet. Not all entertainment has to be a way to…
Stay informed with free updatesSimply subscribe to Accountancy myFT Digest – delivered straight to your inbox.The number of major U.S. companies missing annual reporting deadlines has surged this year, leaving investors in the dark as executives and auditors grapple with accounting problems and weaknesses in their financial controls.The annual rush to sign off on financial statements this week revealed problems at companies ranging from chemicals giant Chemours to toy maker Mattel.Chemours, the maker of Teflon, placed its CEO and two top financial executives on administrative leave Thursday while it investigates financial practices that may have affected executive bonuses.Agricultural products group…
Meta's controversial 'approve' or payment option for users in the EU is facing questions from the European Commission. The bloc said today that it has sent the owner of Facebook and Instagram a formal request for information (RFI) under the Digital Services Act (DSA), asking it to provide more details about the “ad-free subscription options” it provides to regional users of its two main companies. social networks. “In particular, Meta must provide additional information about the measures it has taken to comply with its obligations regarding Facebook and Instagram’s advertising practices, recommendation systems and risk assessments related to the introduction…
Supply chain disruptions are causing a production backlog at the world's largest truck maker, Daimler Trucks.Bloomberg | Getty Imagesshares Daimler truck The company hit an all-time high on Friday, rising more than 15% in morning trades, after posting record full-year profits and announcing a 2 billion euro ($2.16 billion) stock buyback program.The German truck maker posted better-than-expected pre-tax profits of €5.5 billion for 2023, up 39% from the previous year's €4.4 billion. Analysts had expected earnings before interest, taxes and amortization (earnings before income tax) to reach 5.2 billion euros.Daimler Truck CEO Martin Daum told CNBC that the company had…
Traders on the floor of the New York Stock Exchange on August 4, 2022.Source: New York Stock ExchangeStocks were mixed on Friday after the market finished its fourth straight winning month and the tech-heavy Nasdaq Composite hit its first record closing high since November 2021.the Nasdaq It rose by 0.4%, while it rose Standard & Poor's 500 He added 0.3%. the Dow Jones Industrial Average It was marginally higher.The tech-heavy index was the last of the major U.S. stock indexes to reach a record closing high this year — when it achieved the milestone on Thursday. The move was driven…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Altice USA has a lot of debt. Such as $25 billion of net debt, or 6.7 times EBITDA. This fact in itself is not usually worthy of a blog post. But it provides useful context to this week's report that Charter Communications was considering approaching Altice USA about an acquisition. The deal's outlook is questionable for several obvious reasons, CreditSights says: 1) Regulators may not be keen on linking two companies with an overlapping presence: Optimum Cable, owned by Altice, is a…
Bitcoin to the moon, the rise of special purpose acquisition companies (SPACs), and chat room trading all the rage – it can feel like 2021 all over again. The Federal Reserve's interest rate cut signal in December sparked a furious rally to record levels, unleashing animal instincts that have been fueling similar speculative activity from the depths of the pandemic. “Animal instincts are reviving,” Michael Hartnett, chief investment strategist at Bank of America Global Research, said in a phone interview. The most glaring example is the rise in distressed debt in emerging markets, which has risen about 25% from its…
When Pastor Frank Wolfe thinks about his congregation being unable to worship in their home for 100 years, he thinks of Old Testament scriptures about the Israelites in exile.Wolf's church, Echo Park United Methodist Church at North Alvarado Street and Reservoir Street in Northeast Los Angeles, is not currently safe for occupation. The century-old dome atop the church's bell tower was damaged by recent weather rivers that hit California, and structural engineers say it could fall inside the church and create a snowball effect of collapses that could injure people inside the structure. 1 2 3 1. Pieces of the…