Grosjean flirts with wall in Indy 500 practice
Romain Grosjean didn’t crash, but his high drift with 15 minutes remaining in practice came oh-so-close to kissing the outside wall of Indianapolis Motor Speedway.
Associated Press
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CDC urges Pfizer booster for children ages 5 to 11
The CDC’s advisers pointed to growing evidence from older children and adults that two primary vaccinations plus a booster are providing the best protection against the newest coronavirus variants.
Court tosses $300,000 hospital bill for promised $1,300 tab
This week’s ruling follows efforts by many states and the federal government to help curb health care costs by restricting or eliminating so-called “surprise billing ” and requiring increased price transparency for consumers.
FDA head: Baby formula factory could reopen by next week
FDA Commissioner Dr. Robert Califf faced a bipartisan grilling from House lawmakers over the baby formula issue that has angered American parents and become a political liability for President Joe Biden.
Indiana’s total gas tax to remain at 56 cents a gallon in June
Indiana’s average pump price hit $4.62 for a gallon of regular as of Thursday, up from $3.93 a month ago, according to AAA.
Saban accuses Texas A&M of using NIL deals to buy players
The Indianapolis-based NCAA lifted most of its rules barring athletes from earning money from sponsorship and endorsement deals last July, but there are concerns among many in college sports that NIL deals are being used to as recruiting inducements and de facto pay-for-play.
McDonald’s selling all 850 of its restaurants in Russia
Last year, McDonald’s Russian operations contributed 9% of the company’s total annual sales, or around $2 billion.
More buyers opt for adjustable-rate mortgages as rates rise
ARMs made up 13% of all home loans by dollar volume in March, their highest share since January 2020, according to CoreLogic.
Americans collecting unemployment benefits hit 53-year low
American workers are enjoying historically strong job security two years after the coronavirus pandemic plunged the economy into a short but devastating recession.
Biden invokes Defense Production Act for formula shortage
The Defense Production Act order requires suppliers of formula manufacturers to fulfill orders from those companies before other customers, in an effort to eliminate production bottlenecks.
Indiana Republicans show no signs of moving for gas-tax cut
Motorists in Indiana are now paying about 56 cents per gallon in state taxes on gasoline—the highest-ever level shown in state records—and the tax is set to increase next month based on rising fuel prices.
Ringling Bros. announces comeback tour without animal acts
Talent teams have already conducted auditions in Argentina, Mongolia, Ethiopia, France and the United States, with more than 1,000 performers applying to join a 50-city North American tour starting in September 2023, and international dates to follow.
Target shares plunge 26% amid rout of retail stocks
Target Corp. is on pace for its worst stock drop since 1987’s Black Monday crash after becoming the second big retailer in two days to trim its profit forecast. Other retailers suffered steep drops in their stock prices Wednesday.
U.S. Soccer equalizes pay for women, men in milestone agreement
The federation announced separate collective bargaining agreements through December 2028 with the unions for both national teams on Wednesday, ending years of often acrimonious negotiations.
Musk wars with Twitter over his buyout deal—on Twitter
The sharp turnaround by the world’s richest man makes little sense except as a method to scuttle or renegotiate a deal that’s becoming increasingly costly for him, experts said.
Powell: Fed to keep hiking rates until it controls inflation
Chairman Jerome Powell on Tuesday underscored the Federal Reserve’s determination to keep raising interest rates until there is clear evidence inflation is steadily falling—a high-stakes effort that carries the risk of causing an eventual recession.
Sato, Honda strong on opening day of Indy 500 practice
It was a good day for Honda, which has been beaten by Chevrolet in four of five races so far this IndyCar season. Ten Honda drivers cracked the top 12 on Tuesday.
U.S. House to consider $28M plan to address formula shortage
The House is expected to take up the emergency spending measure later this week before lawmakers head back to their congressional districts for the next two weeks.
Nearly 43,000 people died on U.S. roads last year, agency says
The 10.5% jump over 2020 numbers was the largest percentage increase since the National Highway Traffic Safety Administration began its fatality data collection system in 1975.
Retail sales rise 0.9% as consumers show resilience
Consumers are providing critical support to the economy even after a year of seeing prices spiral higher for gas, food, rent, and other necessities.