Fed's Fischer: Unemployment Can Fall Futher

Both Biden and Trump have courted unionized workers at U. S. Steel and vowed to block the acquisition amid concerns about foreign ownership of a flagship American company. A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.

Nordstrom may have more leeway being private to revive a department store chain that has been attempting to reinvigorate sales for years. Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition.

Phenylephrine is used in popular versions of Sudafed, Dayquil, and other medications, but experts have long questioned its effectiveness. Changes are coming to the cold and cough aisle of your local pharmacy: U. S. officials are moving to phase out the leading decongestant found in hundreds of over-the-counter medicines, concluding that it doesn’t actually relieve nasal congestion.

Trump initiated the yearlong withdrawal process from the WHO in 2020, but six months later his successor, Biden reversed the decision. Members of Donald Trump‘s presidential transition team are laying the groundwork for the United States to withdraw from the World Health Organization on the first day of his second term, according to a health law expert familiar with the discussions.

The Christmas Eve strike on Tuesday was projected to be the largest ever at Starbucks. A strike at Starbucks will expand to over 300 U. S. stores on Tuesday, with more than 5,000 workers expected to walk off the job before the five-day work stoppage ends later on Christmas Eve, the workers’ union said.

Technical issues hampered the airline’s operations on one of the busiest travel days of the year. Holiday travelers flying with American Airlines experienced widespread Christmas Eve disruptions on Tuesday after the Federal Aviation Administration (FAA) announced that the airline had grounded all of its flights nationwide.