Digital World Acquisition Corp., a special purpose acquisition company tied to former President Donald Trump, on Friday filed for a resale of up to 100 million shares by existing investors. Shares of the company fell 5.6 percent to $42.39 after the SPAC also said it will not receive any proceeds from the offering. About four…
Herta Walks Away From Crash During Indianapolis 500 Practice
INDIANAPOLIS—Colton Herta rolled his Indianapolis 500 car end-over-end during Friday’s final practice. The star driver for Andretti Autosport was uninjured in the most significant crash in the build up to the “Greatest Spectacle in Racing.” “I think I was going a little too fast for that corner,” Herta said. The crash with 25 minutes remaining…
New Imagery From Mars Helicopter’s Furthest Flight
Imagery has come down from Mars capturing a recent flight in which the rotorcraft flew farther and faster than ever before. The Ingenuity Mars Helicopter’s black-and-white navigation camera provided video of its 25th flight, which took place on April 18. Covering a distance of 2,310 feet at a speed of 12 mph, it was the…
Argentina Reports 2 Cases of Monkeypox
BUENOS AIRES, Argentina—Argentina reported two cases of the monkeypox virus on Friday in men who had recently arrived from Spain, marking the first time the presence of the virus has been confirmed in Latin America during this latest outbreak. Argentina’s health ministry first confirmed a man from the province of Buenos Aires who had traveled…
Idaho Trial for Chad and Lori Daybell Delayed to January
BOISE, Idaho—A woman charged in Idaho with killing her two youngest children and her new husband’s previous wife will be tried alongside her husband and their trial has been delayed until early next year because the judge says that will give her lawyers enough time to effectively prepare a defense. Judge Steven Boyce on Thursday…
FDA Expands Collaboration With Danone to Boost Baby Formula Supply
The Food and Drug Administration (FDA) said on Thursday it has expanded its collaboration with Danone’s Nutricia business to boost supplies of specialized medical baby formula bottles to address its shortage among infants with certain allergies or critical health conditions. The health regulator said about 500,000 additional cans manufactured by Danone would be sent to…
Bank of Japan Governor Kuroda Says Japan Inflation to Stay Around 2 Percent for a Year
TOKYO—Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Friday the country’s core consumer inflation will likely remain around the central bank’s 2 percent target for 12 months unless energy prices drop sharply. But he told parliament that prices likely would not rise “sustainably and stably” unless accompanied by wage hikes, suggesting the recent increase…
WHO Asks Countries to Increase Surveillance for Monkeypox
About 200 confirmed and more than 100 suspected cases of Monkeypox have been detected so far outside of the countries where it usually spreads, a World Health Organization (WHO) official said on Thursday, urging countries to increase surveillance for the infectious disease. Monkeypox, a mild viral infection, is endemic in the African countries of Cameroon,…
China’s Industrial Profits Slump in April as COVID-19 Curbs Squeeze Firms
May 28, 2022
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Business & EconomyChinaChina Business & Economychina's industrial firmsCOVID-19economyLi Keqiangraw material prices
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BEIJING—Profits at China’s industrial firms fell at their fastest pace in two years in April as high raw material prices and supply chain chaos caused by COVID-19 curbs squeezed margins and disrupted factory activity. Profits shrank 8.5 percent from a year earlier, swinging from a 12.2 percent gain in March, according to Reuters’ calculations based on…
Monkeypox Vaccine Being Offered to Certain Close Contacts in United States
Health agencies in four U.S. states are now reportedly offering monkeypox vaccines only to at-risk close contacts as a new step in the country’s response to a string of outbreaks that has so far seen 13 cases in America and between 200 to 400 cases globally. The Bavarian Nordic-made Jynneos monkeypox vaccine is currently being…
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