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)
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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
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)
