Business category, Page 11
FDA launches pilot program to fast-track review of domestically made generic drugs
The U.S. Food and Drug Administration has launched a new pilot program to speed up the review process for generic drugs that are tested and manufactured entirely in the United States, the regulator said on Friday. The program is designed to encourage companies to invest in domestic drug production and...
Nestle, others warn EU law delays are endangering forests worldwide
LONDON — Major agri-food companies including Nestle, Ferrero and Olam Agri have warned that European Union delays to its anti-deforestation law are endangering forests worldwide. The EU last month proposed delaying the launch of its anti-deforestation law for a second time, citing concerns about the readiness of information-technology systems needed...
Meijer eyes Cranberry for superstore, gas station
Midwestern grocery chain Meijer is eyeing Cranberry as it pushes into Western Pennsylvania. A proposed development would give Meijer a 159,000-square-foot supercenter in the township, according to Ron Henshaw, Cranberry’s director of planning and development services. The store would offer groceries, apparel, garden supplies, drive-through pharmacy service and curbside pickup,...
Experts see huge appetite for new supermarket chains in Western Pa. as Meijer, Wegmans move in
Western Pennsylvania shoppers will have their appetites for new grocery stores put to the test once supermarket chains Wegmans and Meijer arrive in the region. Experts believe customers have room to spare. “You still have one of the most acute shortages of supermarket chains anywhere in the continental United States...
U.S. private payrolls decline in September
WASHINGTON — U.S. private payrolls dropped in September, the ADP employment report showed on Wednesday. Private employment decreased by 32,000 jobs last month after a downwardly revised 3,000 decline in August, the ADP National Employment Report showed on Wednesday. Economists polled by Reuters had forecast private employment increasing 50,000 following a...
Flying out of Latrobe? Spirit Airlines swaps Fort Lauderdale for Orlando flights
Passengers flying on bankrupt Spirit Airlines out of Arnold Palmer Regional Airport near Latrobe will lose the twice-weekly service to Fort Lauderdale, Fla., in November but will gain two flights a week to Orlando, the airport’s chief officer said. The cutting and adding of service from Arnold Palmer Regional by...
White House withdraws E.J. Antoni’s nomination to lead BLS
WASHINGTON — The Trump administration has withdrawn its nomination of conservative economist E.J. Antoni as head of the Bureau of Labor Statistics, the White House said on Tuesday. President Donald Trump nominated Antoni last month to lead the bureau, which is part of the Department of Labor and produces statistics...
OpenAI launches new AI video app spun from copyrighted content
OpenAI is releasing an AI video-generating app called Sora that lets people create and share AI videos that can be spun from copyrighted content and shared to social media-like streams. Copyright owners, such as television and movie studios, must opt out of having their work appear in the video feed,...
Moderate U.S. job openings, weak hiring underscore softening labor market
WASHINGTON — U.S. job openings increased marginally in August while hiring declined, consistent with lackluster labor market conditions that could allow the Federal Reserve to cut interest rates again next month despite resilient consumer spending. Households are also growing pessimistic about the labor market. A survey from the Conference Board...
FCC to consider ending merger ban among U.S. broadcast networks
WASHINGTON — The U.S. Federal Communications Commission voted on Tuesday to consider whether to lift the long-standing prohibition on a merger between any of the largest four broadcast networks and to consider relaxing other media ownership rules. The FCC said it would consider public comments before deciding whether to reverse...
Trump announces Pfizer price cuts as White House presses drugmakers
WASHINGTON — President Donald Trump on Tuesday said Pfizer will cut the price of all prescription drugs in the Medicaid program for low-income Americans and sell new prescription drugs at a “most favored nation” price in exchange for tariff relief. Trump also said he expects other drugmakers to follow suit....
Grocery wars heat up as Midwestern chain Meijer pushes into Western Pa.
Meijer, the Michigan-based grocery chain known for its sprawling supercenters, is coming to Western Pennsylvania. Fresh off its expansion in Northeast Ohio, Meijer is pushing across the state line and acquiring properties in Western Pennsylvania, spokeswoman Erin Cataldo confirmed Tuesday to TribLive. The stores do not have opening dates. “Our...
U.S. government faces brain drain as 154,000 federal workers exit this week
More than 150,000 federal employees will leave the U.S. government payroll this week after accepting buyouts — the largest single-year exodus of civil servants in nearly 80 years, triggering what unions and governance experts warn is a damaging loss of institutional expertise. The official resignations begin on Tuesday for workers...
Lufthansa faces potential strike after pilots vote for industrial action
Germany’s Lufthansa could face a strike at its main airline after pilots’ union Vereinigung Cockpit (VC) said Tuesday its members had voted in favor of a walkout in a dispute over pensions. The vote is the union’s final attempt to pressure Lufthansa into agreeing a more generous pension deal and...
Exxon Mobil to cut 2,000 jobs amid restructuring, Bloomberg News reports
Energy major Exxon Mobil will lay off 2,000 workers globally as part of a long-term restructuring plan, Bloomberg News reported Tuesday, adding to a wave of job cuts in the oil and gas industry this year. The reductions represent about 3% to 4% of the company’s global workforce and are...
U.S. coal auctions will test industry appetite for Trump mining revival
The Trump administration will auction off coal leases on federal lands in four U.S. states in the coming days, a key test of mining industry interest in its efforts to revive a sector in decline. The sales in Alabama, Montana, Utah and Wyoming will be the first since President Donald...
Trump sets 10% tariff on lumber imports, 25% on cabinets and furniture
WASHINGTON — President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on imported kitchen cabinets, bathroom vanities and upholstered furniture, with the rate on the latter categories to jump next year. Trump signed a presidential proclamation laying out his argument...
Trump administration to expand coal leasing, fund coal plant upgrades
WASHINGTON — The Trump administration will expand coal mine leasing on federal lands and provide hundreds of millions of dollars to support more coal-fired power generation, officials said on Monday. The plan is part of a broader effort by the administration to reverse the decline of coal use in the...
Jared Kushner, Saudi Arabia, more backers to buy EA in $55B deal. What this means for gamers
President Donald Trump’s son-in-law, Saudi Arabia’s government and other backers are closing in on a $55 billion deal to purchase the video game company responsible for developing and publishing popular game franchises like The Sims, Madden NFL and Battlefield. Electronic Arts, or EA, announced on Monday that it will be...
Fed-up Starbucks baristas stage ‘practice picket’ in Pittsburgh
Unionized Starbucks baristas say sudden store closures last weekend, including three in Pittsburgh, prove they need a contract with the coffeehouse chain. Lack of a contract leaves little legal recourse to hold the company accountable for closings and layoffs, said Cas Borowitz, a Workers United staff organizer and barista at...
Trump touts a boom in U.S. auto plant construction, but carmakers’ actions tell a different story
President Donald Trump frequently describes a booming U.S. auto industry, fueled by new factories from Canada, Mexico and Europe that he says will soon be producing American-made vehicles for global markets - from Tokyo to Paris. “We have so many car company factories under construction or being designed right now....
Millions of pounds of corn dogs, sausage on a stick recalled for dangerous wood contamination
Hillshire Brands Co. of Haltom City, Texas, has recalled 58,000,000 pounds of corn dogs and sausage on a stick products because they may be contaminated with pieces of wood embedded in the batter. The products were packaged between March 17 and Sept. 25 of this year, according to an announcement...
How Walmart plans to prepare America’s largest private workforce for an AI-driven future
BENTONVILLE, Ark — As artificial intelligence and demographic changes reshape the U.S. job market, the nation’s largest private employer is trying to identify the skills its workers and the broader labor force might need for the future. Walmart on Thursday hosted more than 300 workplace experts and representatives from other...
Contestants turn in terrific short-selling performance
I am impressed. Contestants in my annual Short Sellers Don’t Have Horns competition scored terrific results in the 2024-25 running of the contest. Short selling is a technique to profit from a stock’s decline. The goal in the contest is to pick a stock that will collapse. Of 16 contestants...
Trump mulls tariffs on foreign electronics based on number of chips, sources say
WASHINGTON — The Trump administration is considering imposing tariffs on foreign electronic devices based on the number of chips in each device, according to three people familiar with the matter, as it seeks to drive companies to shift their manufacturing to the United States. According to the plan, which has...
