Allianz division agrees to pay $6 billion for defrauding teachers, religious groups and foundations

New York CNN Business † A US division of German insurance firm Allianz will pay more than $6 billion for what US investigators called a “massive fraudulent scheme” that involved the investments of public pensions, religious organizations and other foundations. The settlements with the US Department of Justice and US Securities and Exchange Commission are … Read more

Twitter takeover: A timeline of Elon Musk’s bumpy road

CNN Business  —  A board seat accepted and then rejected. A stunning $44 billion takeover offer with uncertain financing. And a surprise early morning tweet putting the deal on hold, temporarily. Even by the standards of Twitter, a company that has known plenty of chaos and dysfunction in its history, the weeks-long effort by billionaire … Read more

US and allies struggle to come up with plans to get vital grain supplies out of Ukraine

CNN † The Biden administration is working closely with European allies to try to develop routes to get Ukrainian wheat and corn out of the country after Russia blocked Ukrainian ships from departing with grain that is vital for food supplies around the world, particularly in Africa and the Middle East . There is no … Read more

FDA authorizes Pfizer Covid-19 boosters for children ages 5-11

CNN † The US Food and Drug Administration has granted emergency use authorization for a booster dose of Pfizer/BioNTech’s Covid-19 vaccine for children ages 5 to 11 at least five months after completion of the primary vaccine series. Pfizer requested this EUA at the end of April, citing company data that showed that a third … Read more

FDA announces it will make it easier to import some baby formulas to ease shortage

CNN † The US Food and Drug Administration said Monday that it is making it easier to import certain infant formulas as it works to address a nationwide shortage. The US ordinarily produces 98% of the infant formula it uses, with imported formula primarily coming from Mexico, Ireland and the Netherlands, the agency said in … Read more

‘Fish and chip’ shops are under threat as inflation soars

London CNN Business † The United Kingdom’s fish-and-chip shops are under severe strain as the prices of key ingredients — including cod and cooking oil — soar as a result of the Russian assault on Ukraine. As many as a third of the country’s roughly 10,000 fish-and-chip restaurants could close in the next nine months, … Read more

Buffalo shooting victims: ‘Hero’ guard and teacher who was ‘a pillar of the community’ are among the 10 killed

CNN † A retired police lieutenant. A substitute teacher who was a “pillar of the community.” A loving mother and wife. A beloved auntie. All were among the 10 people killed in a shooting at a Buffalo, New York, supermarket Saturday in a massacre authorities believe was racially motivated. Thirteen people, ages 20 to 86, … Read more

Buffalo shooting: The mass shooting suspect had plans to ‘continue his rampage’ after killing 10 people at a grocery in a mostly Black area, police say

CNN † The man accused of killing 10 people in a racially motivated mass shooting at a Buffalo, New York, supermarket had plans to “continue his rampage,” the city’s police chief said Monday. “There was evidence that was uncovered that he had plans, he had gotten out of here, to continue his rampage and continue … Read more

Arrest of ‘Stubborn About Justice’ Cardinal Zen Divides Hong Kong’s Catholics

HONG KONG—Using an umbrella as his cane, 90-year-old Cardinal Joseph Zen walked into a courtroom Wednesday to sit in on a pretrial hearing for activists facing national-security charges. A thorn in Beijing’s side for decades, the pro-democracy firebrand still commits his days to supporting fellow activists even as his body grows frail. Soon after, police … Read more

Authorities say the suspected Buffalo supermarket shooter traveled from hours away. Here’s what we know

CNN † Authorities say the suspect who fatally shot 10 people and injured three others Saturday at a Buffalo supermarket in the heart of the city’s Black community traveled from another New York county hours away. Thirteen people – 11 of whom were African American – were shot, with three suffering non-life-threatening injuries, Buffalo Police … Read more