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Water Facilities Warned to Improve Cybersecurity As Nation-State Hackers Pounce
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Lufthansa Expects Second-Half Improvement
Lufthansa said it expects an improvement in its second-half operating result, with capacity seen at more than 95% of prepandemic levels in the third quarter, but cautioned that unit revenue will fall in the next three months.The Wall Street Journal - Business -
The US Government Is Asking Big Tech to Promise Better Cybersecurity
The Biden administration is asking tech companies to sign a pledge, obtained by WIRED, to improve their digital security, including reduced default password use and improved vulnerability disclosures.Wired - Tech -
Astros to option 1B Abreu to spring training facility
The Houston Astros announced on Tuesday their plans to option slumping first baseman Jose Abreu, 37, to their spring training facility in West Palm Beach, Florida, to try to get the 2020 American League MVP back on track.ESPN - Sports - MLB -
U.S. manufacturing improvement goes into reverse in April: ISM
Manufacturing PMI slumps to 49.2%, prices jump to highest since June 2022MarketWatch - Business -
Finnish hacker imprisoned for accessing thousands of psychotherapy records and demanding ransoms
A Finnish court has sentenced a 26-year-old man to more than six years in prison for hacking thousands of patient records at a private psychotherapy center and seeking ransom from some patients over the sensitive dataABC News - Tech -
UnitedHealth CEO tells lawmakers the company paid hackers a $22 million ransom
Senators questioned UnitedHealth Group CEO Andrew Witty on Wednesday about a cyberattack on its subsidiary Change Healthcare.CNBC - Business -
Finnish hacker imprisoned for accessing thousands of psychotherapy records and demanding ransoms
A Finnish court has sentenced a 26-year-old man to more than six years in prison for hacking thousands of patient records at a private psychotherapy center and seeking ransom from some patients over the sensitive dataABC News - Health -
Micron Gets $6.1 Billion to Build Three New Facilities
The government grant will fuel up to $125 billion in investment by Micron in New York and Idaho over the next 20 years, U.S. officials said.The Wall Street Journal - Tech -
Narcan-Maker Emergent BioSolutions to Cut 300 Jobs, Close Facilities
Emergent BioSolutions is closing several manufacturing facilities and cutting hundreds of jobs as part of a restructuring as the company narrows its focus on products, including Narcan nasal spray.The Wall Street Journal - World -
Narcan-Maker Emergent BioSolutions to Cut 300 Jobs, Close Facilities
Emergent BioSolutions is closing several manufacturing facilities and cutting hundreds of jobs as part of a restructuring as the company narrows its focus on products, including Narcan nasal spray.The Wall Street Journal - Business
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Hong Kong Shares Rise 0.7% in Morning Trade
Hong Kong’s Hang Seng Index rose in early trade, as markets reopened after the Labor Day holiday. Traders are likely digesting Fed comments on the lack of progress toward its inflation target, said IG.The Wall Street Journal - World - Hong Kong -
Rio Tinto Declines Comment on Whether Considering Rival Anglo American Bid
The chair of Rio Tinto declined to comment on whether the world’s second-largest miner by market value is weighing a bid for Anglo American, the target of a recent $39 billion bid by BHP Group.The Wall Street Journal - World -
Oil Rises in Likely Technical Rebound
Oil prices were higher in early Asian trade in likely technical rebound after recent weakness and the Fed’s less-then-expected hawkish remarks.The Wall Street Journal - World -
RBA May Have Been Too Timid in Fight Against Inflation, Economist Says
The Reserve Bank of Australia has likely been far too timid in raising interest rates given that swaths of the economy are still going strong, according to a former senior manager at the central bank.The Wall Street Journal - World -
Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver's Seat
Some analysts warn of limits to how long the Fed can keep rate increases off the table.The Wall Street Journal - World - Federal Reserve