What’s wrong? (September 5-11)
Solar power up
Biden administration released Solar energy blueprintLast year, it contributed less than 4% of the country’s electricity, but could move towards producing almost half of the country’s electricity by 2050. This is in line with what most climate scientists say is needed to prevent the worst effects of global warming, but it requires a major upgrade of the grid. The cost of solar panels has fallen sharply over the last decade, but the plan is for homeowners, businesses and governments to rebuild the energy infrastructure built for coal, natural gas and nuclear power plants. Will require an investment of trillions of dollars.
Blow to Apple
Federal judge ruled it Apple can no longer ban app developers from instructing users to pay elsewhereA move to avoid Apple’s fees of up to 30% on in-app purchases. The order was issued as part of a proceeding in a proceeding filed by Fortnite maker Epic Games. This decision was a blow to Apple and could impact the dynamics of the App Store business, but the judge broke the contract with the company when Epic received payments directly from Fortnite users on the iPhone. An app that has made a favorable decision in other respects. The judge’s order takes effect in 90 days, and Apple may try to block it earlier.
Elizabeth Holmes Trial Begins
Shameful Theranos Founder Elizabeth Holmes’ Long Delayed Trial Started on wednesday.. Holmes, along with his former business and romantic partner Lamesh Barwani, was charged with 12 wire frauds and plots in 2018. Both claim innocence. With a peak valuation of $ 9 billion and a partnership with Walgreens, Theranos has found an innovative way to perform blood tests to detect myriad illnesses, all with a single finger sting. Insisted. Shortly after the indictment, the company was closed. In the opening statement, the prosecution alleged that Mr Holmes lied about his technical capabilities and exaggerated income forecasts. The defense claimed that Holmes was simply a failed naive and hard-working entrepreneur.
What’s next? (September 12-18)
Suffering from vaccination
As part of a broader plan to tackle the pandemic, President Biden said all companies with more than 100 employees need to require workers to be vaccinated or tested weekly. State, Occupational Safety and Health Bureau Introduce new rules. Many companies already have vaccine requirements, but mandatory obligations may provide compensation to companies that were afraid that the requirements would make employment more difficult. “It leveles the competition,” said Ian Schaefer, a partner at law firm Loeb & Loeb. Told the New York Times.. It is not yet clear when the new rules will come into effect, how the government will track information about vaccines, or what penalties will be imposed if businesses fail to comply with the new requirements.
Taxation on stock repurchase
Proponents of former President Donald J. Trump’s corporate tax cut in 2017 argued that companies would use their savings to grow their businesses and economies.Instead, many companies Bought my stock To increase stock prices and project credibility.Now the Democrats are united around the plan Tax those stock purchases, This may be included in the Senate budget. The proposal imposes a 2% tax on repurchases, states that the Democratic Party will bring about $ 270 billion over a decade, and urges companies to increase their investment in workers and businesses. Proponents of repurchases say there is little evidence that taxing repurchases encourages businesses to spend elsewhere.
How much has the price gone up?
The Ministry of Labor will give the latest report on price increases on Tuesday.And investors will see August data on the CPI for clues Whether the pandemic price increase is temporary.. Some of the higher prices are in categories such as airline tickets, which have fallen in price due to the entry into force last year, or items such as cars affected by a shortage of computer chips. Both of these situations are pandemic related. Another sign that inflation may be temporary?the price is Also, it has jumped out to developed countries around the world. — Despite a very different policy approach to mitigate the economic blow of a pandemic.
Reached an unfulfilled job Another best record..El salvador Adoption of Bitcoin We got off to a rocky start. Maybe a week’s vacation will convince you not to stop? And that Macy’s Thanksgiving Parade has resumed (Participants must be masked and vaccinated).
Business Week: A strong push to vaccination
Source link Business Week: A strong push to vaccination