FDA approves first ALS drug in 5 years after pleas from patients

The Food and Drug Administration on Thursday overcame doubts from agency scientists and approved a fiercely debated drug for ALS, a move that heartened patients and advocates who pushed for the medication but raised concerns among some experts about whether treatments for dire conditions receive sufficient scrutiny. “It’s a huge deal,” said Sunny Brous, 35, … Read more

S&P 500 falls to two-year low, bear market rally snuffed out

Sept 27 (Reuters) – The S&P 500 (.SPX) fell to its lowest level in almost two years on Tuesday on worries about super aggressive Federal Reserve policy tightening, trading under its June trough and leaving investors appraising how much further stocks would have to fall before stabilizing. Stocks have been under pressure since late August … Read more

Fed official warns UK tax cuts increase risk of global recession

The UK government’s new fiscal plan has increased economic uncertainty and raised the odds of a global recession, a top official at the US central bank warned after sterling touched a record low. Speaking while the pound whipsawed as traders digested UK chancellor Kwasi Kwarteng’s £45bn tax-cutting package, Raphael Bostic, president of the Atlanta branch … Read more

Google CEO Tells Workers They Don’t Need Money to Have Fun

It’s easy to tell workers that fun doesn’t have to cost money when you have lots of money, I dare say.photo: Jerod Harris (Getty Images) Google CEO Sundar Pichai, who leads one of the world’s richest companiesvery likely does not want to talk about money to his employees while the Big Tech giant is in … Read more

Ford retools leadership team after warning of supply chain problems

Within 72 hours of Wall Street warning that it planned to spend $1 billion more than expected this quarter on supply chain costs, Ford Motor Co. announced reorganizing part of its executive leadership team that overseas supply chain management and product development — while adding yet more Silicon Valley tech talent. Parts shortages delay production … Read more

Air Taxi Company Kittyhawk Calls It Quits

photo: Kittyhawk Kittyhawk, the company named for the green hills where the Wright brothers made their first controlled winged flight, has struggled to get off the ground. Now it seems the folks behind the air taxi company are ready to throw in the towel, offering little fanfare while they dive their little bird into the … Read more