Economic & Recovery: News Release: 7/21/2022

New Jersey Chamber of Commerce
NJ Chamber
Economic Recovery & Reopening Update
July 21, 2022
Content Curated By Scott Goldstein
  • Biden tests positive for Covid-19, White House says.
  • Amazon is acquiring One Medical for nearly $4 billion.
  • Housing market chills as mortgage rates, prices scare buyers.
Biden Tests Positive for COVID-19, White House Says
President Joe Biden has tested positive for COVID-19 and is experiencing "mild symptoms," White House press secretary Karine Jean-Pierre said today. Biden, 79, did not have a fever this morning. He has a runny nose, dry cough and is experiencing some fatigue, the White House said. (CNN)
Amazon is Acquiring One Medical for Nearly $4 Billion
Amazon is buying the primary health care provider One Medical for roughly $3.9 billion, the companies announced Thursday. The deal expands the e-commerce giant’s footprint in the healthcare space, an area that Amazon said is ripe for “reinvention.” (The Hill)
Housing Market Chills as Mortgage Rates, Prices Scare Buyers
It’s the summer that cooled off the housing market. Rising mortgage rates combined with high home prices are discouraging would-be buyers. Sales of previously occupied homes have fallen for five straight months, during what is usually the busiest time of year in real estate. The rate on a 30-year mortgage averaged around 5.51% last week, according to mortgage buyer Freddie Mac; a year ago it was close to 2.88%. (The Associated Press)
(Subscription may be required to open this article)
The Penn Station $7 Billion Fix-Up: Here’s What to Know
The new Penn Station wouldn't add tracks or rail lines. It would fix a big complaint: the facility is cramped and dreary. It would have taller ceilings, more natural light, 18 new entrances and larger underground passageways to navigate between platforms. New York State officials on Thursday are expected to approve the sweeping redevelopment of Midtown Manhattan that would transform Pennsylvania Station, the busiest transportation hub in North America, from a run-down transit center into a city centerpiece. (The New York Times)
Five Things to Avoid When Giving a Sales Presentation
Ensure your sales approach is drawing in new business, not pushing potential customers away. Check out these five things to avoid when giving a sales pitch. (U.S. Chamber of Commerce)
We Asked N.J. Chamber Members: What Books are You Reading and What are the Business Lessons?
"'Moneyball' by Michael Lewis describes how Oakland Athletics General Manager Billy Beane used statistical analyses to outsmart baseball teams with heftier payrolls. Beane studied the data and realized the established thinking in baseball was flawed. Beane had the initiative to look at his industry in a completely revolutionary way, and the courage to make the changes based on those insights." - Don Meyer, chief marketing officer, NJCPA. Read more here. (N.J. Chamber of Commerce)
NJ Chamber Virtual Discussion Series on Diversity, Equality & Inclusion
July 28: Women in the Workplace: Lessons from the Navy
U.S. Navy Commander Evita Salles, a native of Neptune, N.J., will join us for an exclusive conversation about the Navy's innovative strategies to support the recruitment, retention and advancement of women. This event is part of our series focused on creating more equitable work environments for women and to uplift the voices of women in the workplace everywhere. For complimentary registration, click here. (N.J. Chamber of Commerce)
Looking to Get Vaccinated? Here's an Easy Way to Find COVID-19 Vaccines Near You.
Just punch in your area code. You can even search for a specific vaccine. (
Were you forwarded this newsletter? For more information about the N.J. Chamber, email [email protected]
Business Resources
Vaccine Guide for Businesses (U.S. Chamber of Commerce)
Guide to Starting a Business in N.J. (New Jersey Business Action Center)
The Best Tool for Your Business - Membership in the N.J. Chamber
The N.J. Chamber provides members with guest speakers, webinars, networking opportunities and discount programs that help businesses grow. The N.J. Chamber also advocates for pro-growth and pro-business legislation.
You are welcome to share this newsletter via email, social media or on your organization's website. Please credit the New Jersey Chamber of Commerce with a link to
The New Jersey Chamber of Commerce is staying on top of pandemic and economic recovery developments. For news media requests, please email Scott Goldstein.
Facebook ‌ Twitter ‌ LinkedIn ‌