One of the Senate’s proposals to pay for the Build Back Better Act is a federal excise tax on virgin plastics, which are plastics that are not reprocessed or recovered. The tax would be $0.20 per pound of virgin plastics used to make single-use plastics products. While few details have been released about this pay-for,
Month: October 2021
In this article MRK A nurse tends to a Covid-19 patient at SSM Health St. Anthony Hospital in Oklahoma City, August 24, 2021. Nick Oxford | Reuters Merck and Ridgeback Biotherapeutics plan to seek emergency authorization for their oral antiviral treatment for Covid-19, after the medicine showed “compelling results” in clinical trials. The drug, molnupiravir,
The economy isn’t the only concern billionaire Ray Dalio has on his mind lately. Like many others, he’s also anxious about climate change. “It worries me. It’s almost like I worry for man,” Dalio tells CNBC Make It. Dalio, 72, stepped down as co-CEO of hedge fund Bridgewater Associates in 2017. Since then, the billionaire’s ventures have
Jeff Bezos, left, and Elon Musk Getty Images; Reuters Elon Musk repeated prior criticisms of fellow billionaire space mogul Jeff Bezos, as their respective companies continue to battle in federal court and in front of regulators. “I think I’ve expressed my thoughts on that front – I think he should put more of his energy
A Social Security Administration office in San Francisco. Getty Images The debt ceiling debate has sparked conversation about whether Social Security payments will still go out on time. However, Congress also faces another deadline with regard to the nation’s largest social insurance program. In just 13 years the trust funds Social Security relies on to
A look at a platform that doubles up as both a cryptocurrency and a digital payment network, Ripple.
Traders work on the floor of the New York Stock Exchange (NYSE), September 21, 2021. Brendan McDermid | Reuters Stock futures rose slightly in overnight trading on Thursday after the S&P 500 notched its worst month since March 2020. Futures on the Dow Jones Industrial Average climbed 45 points. S&P 500 futures gained 0.1% and
On the heels of the deadliest month of the pandemic for pregnant people yet, Dr. Manisha Gandhi told CNBC that she’s not optimistic about Covid-19 this winter. “To be dealing with this surge and taking care of really sick women, has just really taken a toll,” said Gandhi, who is chief of maternal-fetal medicine at
Powerball’s top prize has surged yet again, vaulting it into the top 10 largest jackpots in U.S. lottery history. With no one matching all six numbers drawn Wednesday night, the jackpot is now an estimated $620 million for Saturday night’s drawing. If there’s a winning ticket, it would be the 10th-largest lottery prize won —
ESG investing, or when a company’s environmental, social and governance factors are evaluated, is booming, and a panel of sustainability-focused investors said the trend is only going to accelerate from here. Climate change “is a mega-trend that if you take advantage of it, and get ahead of it, it’s going to be an alpha generator
Prostock-Studio | iStock | Getty Images As teenagers navigate matters of love and money, a troubling percentage of young relationships are showing signs of financial abuse. Some 31% of U.S. teens aged 13 to 18 have flagged the signals of financial abuse — which may be controlling a partner’s ability to receive, spend or save