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Friday,  June 14 , 2024

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Alzheimer’s drug that can slow disease gets backing from FDA advisers

June 10, 2024, 2:14pm Business

A closely watched Alzheimer's drug from Eli Lilly won the backing of federal health advisers on Monday, setting the stage for the treatment's expected approval for people with mild dementia caused by the brain-robbing disease. Read story

Salt Lake City Olympic bid projects $4 billion in total costs to stage 2034 Winter Games

June 10, 2024, 1:47pm Business

Organizers for the proposed 2034 Winter Olympics in Salt Lake City released their first budget estimate Monday, projecting total costs of just under $4 billion, with $2.84 billion of that slated for operational costs. Read story

Chrysler recalls more than 211,000 SUVs and pickup trucks due to software malfunction

June 10, 2024, 1:47pm Business

Stellantis-owned Chrysler is recalling more than 211,000 SUVs and pickup trucks in the U.S., due to a software malfunction that could disable the cars' electronic stability control systems. Read story

FDA and DOJ pledge more cooperation on illegal e-cigarettes ahead of congressional hearing

June 10, 2024, 1:47pm Business

Federal health regulators and law enforcement officials on Monday vowed to work more closely to stop sales of illegal electronic cigarettes, which have grown into a multibillion-dollar business in the U.S. while skirting government oversight. Read story

An investment firm has taken a $1.9 billion stake in Southwest Airlines and wants to oust the CEO

June 10, 2024, 11:45am Business

Activist shareholder Elliott Investment Management has bought a $1.9 billion stake in Southwest Airlines and is seeking to force out the CEO of the airline, which has struggled with operational and financial problems. Read story

FILE - Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, May 1, 2024.

Inflation data this week could help determine Fed’s timetable for rate cuts

FILE - Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, May 1, 2024.

June 10, 2024, 7:33am Business

After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts. Read story

President Joe Biden arrives on Air Force One, Monday, June 3, 2024, at Andrews Air Force Base, Md.

Biden’s team asks CEOs how to further boost the economy while Trump says business is on his side

President Joe Biden arrives on Air Force One, Monday, June 3, 2024, at Andrews Air Force Base, Md.

June 10, 2024, 7:30am Business

On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America. Read story

FILE - People try out iPhone products at an Apple Store in Beijing on Sept. 28, 2021. Apple&rsquo;s annual World Wide Developers Conference on Monday, June 10, 2024, is expected to herald the company&rsquo;s move into generative artificial intelligence, marking its late arrival to a technological frontier that&rsquo;s expected to be as revolutionary as the invention of the iPhone.

Apple expected to enter AI race with ambitions to overtake the early leaders

FILE - People try out iPhone products at an Apple Store in Beijing on Sept. 28, 2021. Apple&rsquo;s annual World Wide Developers Conference on Monday, June 10, 2024, is expected to herald the company&rsquo;s move into generative artificial intelligence, marking its late arrival to a technological frontier that&rsquo;s expected to be as revolutionary as the invention of the iPhone.

June 10, 2024, 7:29am Business

Apple’s annual World Wide Developers Conference on Monday is expected to herald the company’s move into generative artificial intelligence, marking its late arrival to a technological frontier that’s expected to be as revolutionary as the invention of the iPhone. Read story