Pharmaceutical giant Pfizer is backing the contentious Indigenous Voice to Parliament to change Australia’s Constitution to better reflect Aboriginal interests. Pfizer is the latest corporate entity to throw its support behind the proposal that will set up an almost-parallel layer of government exclusively for Aboriginal and Torres Strait Islanders. Anne Harris, managing director of Pfizer…
Pfizer Throws Support Behind Changing Australia’s Constitution
May 12, 2023
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AustraliaBusiness & MarketsCCP VirusCompaniesIndigenous Voice to ParliamentInternationalPfizerThe VoiceWarren MundineWorld
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CNN Defends Hosting Trump Town Hall
May 12, 2023
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2024 electionAnderson CooperBusiness & MarketsCNNCompaniesDonald TrumpKaitlin CollinsMedia & Big TechPoliticsUS
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CNN’s on-air personalities are defending the network’s decision to host a town hall-style interview with former President Donald Trump on Wednesday night. While many Republicans and conservatives cheered on Trump’s performance on the stage, numerous Democrat politicians criticized the cable news network for giving him such a platform. For instance, Rep. Alexandria Ocasio-Cortez (D-N.Y.) posted that…
Consumer Sentiment Hits 6-Month Low in May: Survey
May 12, 2023
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ArchivedBusiness & Marketsconsumer sentimenteconomic policieseconomyNewsPolicies & ImpactsrecessionUMichUSUS News
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Consumer sentiment in the United States took a hit in May, dropping to its lowest point this year. This decline comes amid renewed concerns about the American economy and elevated expectations for inflation in the long term. According to the University of Michigan’s preliminary reading of its consumer sentiment index, the figure dropped to 57.7—considerably…
Biden Nominates Philip Jefferson as Federal Reserve Vice Chair
Federal Reserve Governor Philip Jefferson has been nominated by President Joe Biden to serve as the central bank’s next vice chair. If confirmed by the Senate, Jefferson would replace Lael Brainard, who resigned from her position in February to become the president’s chief economic adviser. He was widely expected to become the next Fed’s second…
Federal Reserve Governor: Climate Change Doesn’t Pose ‘Material’ Risk to US
May 12, 2023
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Business & MarketsChristopher Wallereconomic policieseconomyenergyEuropeFederal ReservePolicies & ImpactsUSUS NewsWorld
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Federal Reserve Gov. Christopher Waller said that climate change does not present a “sufficiently unique” risk to the U.S. financial system. Regarding climate change, or the theory that the Earth’s temperatures are warming due to human activity, “I do not believe it poses a serious risk to the safety and soundness of large banks or…
State Attorneys General Act to Stop BlackRock from Acquiring Large Stakes in US Electric Utilities
May 12, 2023
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BlackRockBusiness & MarketsCompanieseconomic policiesenergyESGfercGold and CommoditiesinflationInvestmentMarketsUSUS Electric GridUS NewsVanguard
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State attorneys general of 17 states filed a motion this week with the Federal Energy Regulatory Commission (FERC) to stop BlackRock, the world’s largest asset manager and an outspoken advocate for replacing fossil fuels with wind and solar power, from acquiring large shares in America’s utility companies. To protect the independence and stability of America’s…
DeSantis Appoints New District Administrator With Power Over Disney World
May 12, 2023
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Business & MarketsCompanieseconomic policieseconomyFloridaPoliticsRegional & State NewsRepublicansron desantisState NewsUSUS NewsWalt Disney Company
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A supporter of Florida governor Ron DeSantis has been given power to shut down rides and issue fines at Walt Disney World for violating state codes. The Central Florida Tourism Oversight District appointed longtime DeSantis ally and nonprofit leader Glen Gilzean to oversee the administration of the Reedy Creek special tax district, where the Walt Disney…
Tucker Carlson Announcement Video Draws Massive Numbers
Tucker Carlson’s announcement that he would be bringing his “same show” to Twitter drew more than 126 million impressions this week, signaling there is widespread interest in a program with the former Fox News host hasn’t waned. Of that figure, some 26.6 million watched the clip on Twitter. In the video, Carlson said that he…
Default Can Be Avoided in July If Treasury Can Weather June Cash Crunch: CBO
The U.S. government could avoid defaulting on its debt through July if the Treasury Department can receive enough revenue in June, according to the Congressional Budget Office (CBO). The agency stated in its updated guidance that if the government can collect enough tax revenue and the Treasury continues employing its extraordinary measures, it “will probably allow…
UK Economy Delievers Quarterly Growth Despite Slump in March
The UK’s economy edged up by 0.1 percent in the first quarter despite an unexpected decline in March, official figures show. The Office for National Statistics (ONS) said the quarterly growth of gross domestic product (GDP) was mainly driven by the construction and manufacturing sectors. But strikes, weak car sales, and repairs have contributed to a…
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