FDA advisers recommend updating COVID booster shots for fall

At least some US adults may get updated COVID-19 shots this fall, as government advisers voted Tuesday that it’s time to tweak booster doses to better match the most recent virus variants. Advisers to the Food and Drug Administration wrestled with how to modify doses now when there’s no way to know how the rapidly … Read more

Bed Bath & Beyond turning off AC in stores to save money: report

Bed Bath & Beyond is making its customers and employees sweat these days. The struggling home goods chain — which reported a steep decline in sales last quarter — is turning down the air-conditioning in its stores in an effort to cut costs, according to Bank of America analysts who have visited the stores. Along … Read more

Tenet’s Balloon Financing Is Not the Best Idea

screenshot: tenet EVs cost too much. with the average price of an EV approaching $55,000, the transition that everyone from the government to auto companies want may be slowing due to unaffordability. But one startup is looking to help get people into more EVs by trying to make them more affordable. The way they’re going … Read more

Turkey lifts its objections to Sweden, Finland joining NATO

MADRID (AP) — Turkey agreed Tuesday to lift its opposition to Sweden and Finland joining NATO, ending an impasse that had clouded a leaders’ summit opening in Madrid amid Europe’s worst security crisis in decades, triggered by the war in Ukraine. After urgent top-level talks with leaders of the three countries, alliance Secretary General Jens … Read more

Target will cover employees’ travel to other states for abortions

A person walks into a Target store in Washington, DC, on May 18, 2022. Stefani Reynolds | AFP | Getty Images Target will cover employees’ travel if they live in a state where abortion is banned, according to a company memo obtained by CNBC. The new policy will take effect in July, according to the … Read more

Nike, Boston Beer, Disney and more

Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines in midday trading. Nike — Shares of Nike fell more than 5% even after the company topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter. Nike said it anticipates flat to slightly higher … Read more

Rocket Lab launch of CAPSTONE begins NASA return to the moon

The company’s Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022. Rocket Lab Rocket Lab launched a small spacecraft bound for the moon from its New Zealand facility early Tuesday, a mission that represents firsts for both the company and the National Aeronautics and Space Administration. The company’s Electron … Read more

Top accounting firm fined $100 million after employees cheated on CPA exams

The Securities and Exchange Commission said Tuesday that a “significant number” of the accounting firm’s auditors cheated on the ethics portion of the Certified Public Accountant test and other courses needed to maintain the licenses. Perhaps more stunningly, the SEC said that Ernst & Young “made a submission” that it didn’t have “current issues with … Read more

Macron says Russia can’t win in Ukraine after strike on mall

KREMENCHUK, Ukraine (AP) — French President Emmanuel Macron said Tuesday that Russia “cannot and should not win” the war in Ukraine, a day after a Russian missile attack on a crowded shopping mall that killed 18 put the conflict’s terrible toll on full view. Ukrainian and Western leaders have denounced the strike as a war … Read more

SEC fines Ernst & Young $100 million for employees cheating on CPA ethics exams

Accounting giant Ernst & Young will pay $100 million to settle charges with the Securities and Exchange Commission that hundreds of its employees cheated on the ethics components of the Certified Public Accountant examination and continuing education courses and for withholding information about the misconduct to regulators. “It’s simply outrageous that the very professionals responsible … Read more