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News reports from around the world.
PepsiCo lowers revenue forecast as sales growth weakens
( ) -q-21- UNDATED (Correspondent Jeremy House) “at 23.3-billion dollars.”
Pepsi has lowered its organic revenue forecast for the year after U.S. consumers continued to pull back on its snacks and drinks.
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Out-cue: at 23.3-billion dollars]
TAG: Correspondent Jeremy House reporting. Analysts polled by FactSet say Wall Street had expected revenue of $23.8 billion.
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VERBATIM: The company says it now expects its organic revenue — which is adjusted for foreign currency exchanges and the impact of product acquisitions or divestments – to see a low single-digit increase for the year. It had expected an increase of 4%. Pepsi said its revenue was flat in the third quarter, at $23.3 billion.
“Word Salad”. Senator Joni Ernst Blasts Harris On Israel Answers In 60 Minutes Interview
Senator Says Trump Win Needed To Rebuild Military
“Deranged!” Senator Cotton Blasts Smith’s Newest Filing Against Trump
Senator Says Only Trump Victory Can Restore Military Might
Supreme Court rejects appeal from ‘Pharma Bro’ Martin Shkreli
( ) -q-28- UNDATED (Correspondent Jeremy House) “for repaying profits.”
The Supreme Court has rejected an appeal from Martin Shkreli, who was once dubbed “Pharma Bro” after jacking up the price of a lifesaving drug.
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Out-cue: for repaying profits]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: Shkreli appealed an order to return $64.6 million in profits he and his former company reaped after monopolizing the market for the medication and drastically increasing its price. His lawyers argued that money went to his company rather than him personally. Prosecutors, though, said the company had agreed in a settlement to pay $40 million, and because Shkreli masterminded the scheme, he should bear responsibility for repaying profits.
As affordable housing disappears, states scramble to shore up the losses
( ) -q-24- UNDATED (Correspondent Jeremy House) “need it most.”
While Americans continue to struggle under high rents, as many as 223,000 affordable housing units could disappear in the next five years.
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Out-cue: need it most]
TAG: Correspondent Jeremy House reporting. Some states are trying to stop the leakage, including with local governments or nonprofits buying the buildings to keep them affordable. But the solutions aren’t airtight, leaving some renters facing huge rent increases, even eviction.
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VERBATIM: Those units were built with the federal Low-Income Housing Tax Credit, which gives developers tax credits in exchange for keeping rents low. But there is a catch. The buildings typically only need to be kept affordable for a minimum of 30 years. For the wave of construction in the 1990s, those deadlines are arriving now, threatening to eliminate affordable housing when Americans need it most.
In Philadelphia, Chinatown activists rally again to stop a 76ers arena
( ) -q-21- UNDATED (Correspondent Jeremy House) “plans were announced.”
Chinatown activists are rallying to block a planned $1.3 billion arena for the Philadelphia 76ers that recently won the support of Mayor Cherelle Parker.
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TAG: Correspondent Jeremy House reporting. Economist Victor Matheson says downtown arenas bring only a limited economic boost to city business districts.
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VERBATIM: Owners of the Sixers hope to get city council’s approval for the downtown site by year’s end so they can open the arena by 2031. Several neighborhood groups oppose the plan, fearing gridlock on game days and rising rents. Debbie Law says her family had to move its Chinatown variety store when the rent tripled after the arena plans were announced.
Senate Democrats Seek DOJ Probe Of Boeing Executives
Dems Accuse Israel Of U.S. Election Interference with War Actions
US adds a robust 254,000 jobs and unemployment dips to 4.1%
( ) -q-19- UNDATED (Correspondent Jeremy House) “high interest rates.”
America’s employers added a surprisingly strong 254,000 jobs in September.
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Out-cue: high interest rates]
TAG: Correspondent Jeremy House reporting. Few employers are laying off workers, though many have grown more cautious about hiring.
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VERBATIM: Last month’s hiring gain was up sharply from the 159,000 jobs that were added in August. Meanwile, the unemployment rate dropped from 4.2% to 4.1%. The latest figures suggest that many companies are still confident enough to fill jobs despite the continued pressure of high interest rates.
Biden Will Campaign For Dem Sen.Casey In Philadelphia Next Week
President Biden’s latest student loan plan is put on hold
( ) -q-29- UNDATED (Correspondent Jeremy House) “blocking the plan.”
A federal judge in Missouri put a temporary hold on President Biden’s latest student loan cancellation plan.
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Out-cue: blocking the plan]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: The hold effectively slams the door on hope the plan would move forward after another judge allowed a pause to expire. Just as it briefly appeared the Biden administration would have a window to push its plan forward, U.S. District Judge Matthew Schelp in Missouri quickly granted an injunction blocking the plan. Six Republican-led states requested the injunction just hours earlier, after a federal judge in Georgia decided not to extend a separate order blocking the plan.
Google to stop linking to New Zealand news if new law forces a paywall
( ) -q-25- UNDATED (Correspondent Jeremy House) “with media outlets.”
Google says it will stop linking to New Zealand news content and will reverse its support of local media outlets if the government passes a law forcing tech companies to pay for articles displayed on their platforms.
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Out-cue: with media outlets]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: The vow to sever Google traffic to New Zealand news sites echoes strategies the firm deployed when Australia and Canada prepared to enact similar laws in recent years. It follows a surprise announcement by New Zealand’s government in July. Officials said lawmakers would advance a bill forcing tech platforms to strike deals for sharing revenue generated from news content with media outlets.
Senators ask DOJ to take tougher action against Boeing executives over safety
( ) -q-28- UNDATED (Correspondent Jeremy House) “of 346 people.”
Two U.S. senators have asked the Department of Justice to take tougher action against Boeing executives for safety issues that have impacted its airplanes.
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Out-cue: of 346 people]
TAG: Correspondent Jeremy House reporting. Boeing has declined to comment.
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VERBATIM: In a letter, Democratic Senators Elizabeth Warren of Massachusetts and Richard Blumenthal of Connecticut urged the department to “hold criminally accountable” executives who disregarded passenger safety in violation of federal law. The senators’ letter comes ahead of a federal hearing next week over Boeing’s agreement to plead guilty to conspiracy in connection with its 737 Max. Two of the planes crashed, killing a combined total of 346 people.
Kari Lake Within Margin Of Error To Flip Arizona Senate Seat For GOP
Poll: Senator Rick Scott Leads Democrat Opponent By Six Points
ChatGPT maker OpenAI raises $6.6 billion in fresh funding
( ) -q-22- UNDATED (Correspondent Jeremy House) “on our mission.'”
OpenAI says it has raised $6.6 billion in venture capital investments as part of a broader shift by the ChatGPT maker away from its nonprofit roots.
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Out-cue: on our mission]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: Led by venture capital firm Thrive Capital, the funding round is backed by tech giants Microsoft, Nvidia and SoftBank. That’s according to a source familiar with the funding who was not authorized to speak about it publicly. OpenAI says the funding will give it a market value $157 billion and “accelerate progress on our mission.”
Amazon, Target and other retailers are ramping up hiring for the holidays
( ) -q-24- UNDATED (Correspondent Jeremy House) “Works and Target.”
Retailers are ramping up hiring for the holiday season.
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TAG: Correspondent Jeremy House reporting. Meanwhile, Kohl’s has encouraged people to apply for positions but stayed silent on its plans. Walmart says it’s been hiring store associates throughout the year and will tap into its own staff when needed during the busy season.
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VERBATIM: Fewer seasonal employees are expected to be taken on this year to help customers in stores and assemble online orders in warehouses. E-commerce giant Amazon says it will hire 250,000 full, part-time and seasonal workers for the shopping period. Seattle-based Amazon is hiring the same number of employees it did last year, similar to Bath & Body Works and Target.
US bans new types of goods from China over allegations of forced labor
( ) -q-22- UNDATED (Correspondent Jeremy House) “claims as lies.”
The Department of Homeland Security has announced that it would ban the import of goods from a Chinese steel manufacturer and a Chinese maker of artificial sweetener.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: The agency has accused the companies of being involved in the use of forced labor from China’s far-west region of Xinjiang. The action broadens the scope of a U.S. government effort to clean up supply chains. It also comes under a federal law that President Joe Biden signed at the end of 2021. The Chinese government has refuted the claims as lies.
More Americans file for jobless benefits last week, but layoffs low
The number of Americans applying for unemployment benefits rose modestly last week.
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Out-cue: to 224-thousand, 250]
TAG: Correspondent Jeremy House reporting. The report said that the total number of Americans collecting jobless benefits was down by 1,000 to about 1.83 million for the week of September 21st.
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VERBATIM: The Labor Department reports applications for jobless claims rose by 6,000 to 225,000 for the week of September 28th. It was slightly more than the 221,000 analysts were expecting. The four-week average of claims, which evens out some of weekly volatility, fell by 750 to 224,250.
