Month: June 2024

Anthony O’Reilly, the Irish tycoon who ran Heinz, has died at the age of 88

Anthony O’Reilly, the Irish tycoon who ran Heinz, has died at the age of 88

Related media - Recent news Anthony J. F. O'Reilly, a charming, ambitious, Irish-born former chairman of the H. J. Heinz Company who also owned newspapers, luxury brands and trophy houses in France and the Bahamas, only to lose almost everything in his eighth decade, died May 18 in Dublin. He was 88. The Irish Times and other Irish newspapers, citing a family spokesman, said he died in hospital. No cause was given. From his earliest days, Mr O’Reilly, known as Tony, was shy about giving gifts. He was a top-flight rugby player in his teens: “the red-headed pin-up of Irish…
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Fire at lithium battery plant in South Korea kills at least 22 people

Fire at lithium battery plant in South Korea kills at least 22 people

Related media - Latest news According to Kim, workers who fled the blaze said the fire broke out when a single battery cell caught fire, triggering a series of explosions among some of the 35,000 lithium battery cells stored on the second floor of the factory. Fires can occur in lithium batteries when the internal layers are compressed, causing a short circuit. The layers can be compressed by a sudden impact, such as during a vehicle collision, or by the gradual swelling of the batteries from regular use. Lithium is a metal that can store large amounts of energy in…
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The Fed’s preferred inflation measure shows signs of cooling

The Fed’s preferred inflation measure shows signs of cooling

More news - Recent news The Federal Reserve's preferred inflation gauge continues to show signs of cooling, accompanied by moderate growth in consumer spending - good news for central banks as they aim to control rising prices and curb demand. The personal consumption expenditures (PCE) index rose 2.6% year-over-year in May, in line with economists’ expectations and down slightly from a 2.7% gain in April. Excluding the more volatile prices of food and fuel, the “core” inflation measure also rose 2.6% year-over-year, down from 2.8% in April. On a monthly basis, inflation remained remarkably subdued, with overall prices not showing…
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Executioner-turned-TikTok star Shahjahan Bhuiya dies in Bangladesh

Executioner-turned-TikTok star Shahjahan Bhuiya dies in Bangladesh

More news - Breaking news Shahjahan Bhuiya, who rose to fame by executing some of Bangladesh’s most notorious criminals in exchange for reduced sentences for his own crimes and later gained brief fame on TikTok, died on Monday in Bangladesh’s capital Dhaka. The National Police announced on Tuesday that the cause of his death, which occurred in hospital, had not yet been confirmed. Abul Kashem, Bhuiya's landlord, said he took Bhuiya to hospital on Sunday after Bhuiya felt chest pains. Last year, Bhuiya told local media that he was 74, but his national identity card, provided by Kashem, indicated that…
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Rising Drug Costs: Are Pharmacy Benefits Managers to Blame?

Rising Drug Costs: Are Pharmacy Benefits Managers to Blame?

More news - Breaking news For many Americans, the rising tide of prescription drug prices seems like an unstoppable force, threatening to drown family budgets and access to health care. While pharmaceutical companies often shoulder the brunt of public blame, the web of influences on drug costs is much more intricate. Today, we shine a spotlight on a critical, but usually hidden, player in this system: pharmacy benefit managers, or PBMs. Rebecca Robbins, a leading investigative journalist specializing in pharmaceuticals for the New York Times, will take us on a deep dive into the world of PBMs. We will explore…
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South Florida Heat and Panthers chase NBA, NHL titles

South Florida Heat and Panthers chase NBA, NHL titles

More news - Recent news Lifelong friends Martin Schwartz and Matthew Mandel enjoy a rare sports moment as Miami teams compete for championships. Martin Schwartz and Matthew Mandel are living a dream come true. The lifelong friends and South Florida residents have hit the sports jackpot with the Miami Heat and Florida Panthers both making it to the finals, competing for NBA and NHL titles at the same time. Schwartz and Mandel, who have shared season tickets to both teams for years, have seen their fair share of ups and downs. They've endured tough seasons, like the Heat's 15-win campaign…
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Supreme Court Sides With Biden Administration in Social Media Case

Supreme Court Sides With Biden Administration in Social Media Case

More news - Latest news The Supreme Court ruled in favor of the Biden administration in a case involving social media, scoring a significant practical victory. The ruling rejected a Republican challenge that sought to prevent the government from communicating with social media platforms to combat misinformation. In a 6-3 decision, the Court found that the plaintiffs, including states and individuals, did not suffer direct damages that would have entitled them to sue. This decision leaves unresolved broader questions about the First Amendment's limits on government influence over tech companies, which control much of the flow of information online. The…
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