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The Big 4 audit firms keep failing. Now they’re being forced to change

The Big 4 audit firms keep failing. Now they’re being forced to change

The UK accounting watchdog has given Deloitte, EY, KPMG and PwC four years to split their audit and consulting businesses in an effort to improve corporate reporting following a string of high-profile accounting scandals. The Financial Reporting Council said in a statement Monday that the Big 4 firms have until October 23 to submit a…MORE

Here’s a sign Warren Buffett may have gotten his mojo back

Here’s a sign Warren Buffett may have gotten his mojo back

Warren Buffett’s Berkshire Hathaway finally put some cash to work with its purchase of natural gas assets from Dominion Energy. The deal could spark a broader turnaround for the Oracle of Omaha. Berkshire Hathaway announced Sunday that it was spending nearly $10 billion on the Dominion acquisition. Although that may sound massive, it’s just a…MORE

Less dream-stage REM sleep linked to higher risk of death, study says

Less dream-stage REM sleep linked to higher risk of death, study says

Spending less time in REM sleep is linked to a greater overall risk of death from any cause as well as from cardiovascular disease and other diseases except for cancer, a new study finds. “The effect of short REM time on mortality has not been previously shown,” said Dr. Vsevolod Polotsky, who directs Sleep Basic…MORE

Judge orders temporary shutdown of controversial Dakota Access Pipeline

The Dakota Access Pipeline must shut down by August 5 during an in-depth environmental review of the controversial project, a district court ruled Monday in a defeat for the Trump administration. The ruling marks a major win for the Standing Rock Sioux Tribe and environmental groups that have fought fiercely for years against the pipeline.…MORE

White House chief of staff repeats Trump’s baseless coronavirus claim

White House chief of staff repeats Trump’s baseless coronavirus claim

White House chief of staff Mark Meadows on Monday reiterated President Donald Trump’s baseless claim that 99% of coronavirus cases are “totally harmless.” The commissioner of the US Food and Drug Administration on Sunday declined to defend the President’s unfounded claim that 99% of coronavirus cases are “totally harmless” and repeatedly refused to say whether…MORE

Regeneron starts Phase 3 trial of Covid antibody drug that might treat and prevent infection, company says

Regeneron starts Phase 3 trial of Covid antibody drug that might treat and prevent infection, company says

An antibody cocktail is now beginning late-stage clinical trials to evaluate the drug’s ability to prevent and treat coronavirus infection. The biotechnology company Regeneron announced the late-stage clinical trials of REGN-COV2, its investigational double antibody cocktail for the treatment and prevention of Covid-19, in a news release on Monday. Specifically the release noted that a…MORE

Supreme Court says states can punish Electoral College voters

Supreme Court says states can punish Electoral College voters

The Supreme Court said Monday that states can punish members of the Electoral College who break a pledge to vote for a state’s popular vote winner in presidential elections. The case comes as the election season is heating up, putting the Electoral College will once again be front and center in an increasingly polarized and…MORE

Dow climbs as global stocks rally

Dow climbs as global stocks rally

The Dow and the US stock market are rallying at the start of the new week. Investors seem willing to take risks after the long Independence Day weekend in the United States. Stock gains around the world helped boost US market sentiment Monday. Asian markets rallied sharply, with the Shanghai Composite recording its best day…MORE

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