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FDA clears 1st fecal transplant treatment for gut infection

WASHINGTON (AP) — U.S. officials have approved the first pharmaceutical-grade version of so-called fecal transplant procedures that doctors are increasingly using for difficult-to-treat intestinal infections. The Food and Drug Administration on Wednesday approved Rebyota for adults who have trouble fighting off infections with Clostridium difficile, commonly known as C. diff, a bacteria that causes nausea, …

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BlockFi files for bankruptcy as contagion grips crypto markets

New York CNN Business — Crypto lender BlockFi filed for bankruptcy on Monday, becoming finance’s latest casualty contagion triggered by the collapse of Sam Bankman-Fried’s empire. BlockFi announced earlier this month that it had halted withdrawals, citing “significant exposure” to Bankman-Fried’s FTX exchange, as well as its sister hedge fund Alameda. FTX, Alameda and dozens …

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Inflation hovers over shoppers seeking deals on Black Friday

NEW YORK (AP) — Cautious shoppers sought the best deals in stores and online as retailers offered new Black Friday discounts to entice consumers eager to start shopping for holiday gifts but weighed down by inflation. . Due to high prices for food, rent, gasoline and other necessities, many people were more selective, reluctant to …

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Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus

hong kong CNN Business — Foxconn has offered to pay newly hired workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly plant in a bid to crack down protests that have seen hundreds of clashes with security forces within the confines of central China. The Apple supplier made the offer on …

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Zhengzhou, China: Protesters at Foxconn factory clash with police, videos show

Beijing/Hong Kong CNN Business — Workers at China’s largest iPhone assembly plant were seen confronting police, some in riot gear, on Wednesday, according to videos shared on social media. Videos show hundreds of workers confronting law enforcement officers, many wearing white hazmat suits, at the Foxconn campus in China’s central city of Zhengzhou. In the …

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Get paid via Venmo, Etsy or Airbnb? Here’s what you need to know before tax season

If you get paid through apps like Venmo or PayPal or platforms like Etsy Where Airbnbpreparing your tax returns next year can be a little more confusing than usual. A New the tax reporting rule requires third-party payment platforms to issue you and the IRS a 1099-K for business transaction payments if they total more …

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News Corp, Fox reunion faces opposition from large shareholder

Rupert Murdoch, CEO of News Corp. Getty Images The plan proposed by Rupert Murdoch to unite press company and Fox faces opposition from one of the major shareholders of both companies, Independent Franchise Partners. The London-based company believes other alternatives, such as breaking up News Corp, should also be explored. He also believes a recombination …

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Protesting workers beaten at Chinese iPhone factory

BEIJING (AP) — Police beat workers protesting a pay dispute at Apple’s biggest iPhone factory, whose new model is being held up by controls imposed as China tries to contain a rise in cases of COVID-19. Foxconn, the largest contract assembler of smartphones and other electronics, is struggling to fulfill iPhone 14 orders after thousands …

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Latest weekly jobless claims jump to 240,000

Minneapolis CNN Business — First-time weekly jobless claims jumped to 240,000 for the week ended Nov. 19, according to data released Wednesday by the Department of Labor. That’s a sharp increase of 17,000 from the previous week’s upwardly revised tally of 222,000, and tops economists’ expectations of 225,000. It’s the highest weekly total since Aug. …

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