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NEW YORK (AP) -- The Dow Jones Industrial Average climbed above 27,000 for the first time ever Thursday. The S&P 500 also hit a closing high milestone of its own Thursday, a day after its first move above 3,000.Steep losses in drugmakers and real estate companies were offset by gains for banks and technology companies.Nvidia climbed 3.9% and Goldman Sachs rose 2.6%.Pharmaceutical makers dropped after the White House scrapped a plan to overhaul a system of rebates those companies pay to insurers and distributors.Bond yields spiked following weak demand at an auction for 30-year Treasurys.The S&P 500 rose 6 points, or 0.2%, to 2,999.The Dow rose 227 points, or 0.8%, to 27,088. The Nasdaq fell 6 points, or 0.1%, to 8,196. 744

NEW YORK (AP) — Jeffrey Epstein’s longtime confidante Ghislaine Maxwell has been transferred to New York to face charges she recruited women and girls for him to sexually abuse.The Bureau of Prisons confirmed that Maxwell was transferred Monday and is currently being held at the Metropolitan Detention Center in Brooklyn.Prosecutors have asked a judge to schedule a Friday court appearance in Manhattan federal court for Maxwell.The 58-year-old was arrested last week at a million estate she had purchased in New Hampshire.Maxwell was the former girlfriend and longtime close associate of Epstein, who killed himself in a Manhattan jail last August while he awaited trial on federal sex trafficking charges.She has denied wrongdoing and called claims against her “absolute rubbish.” 794

NEW YORK (AP) — People are more likely to return a lost wallet if it contains money — and the more cash, the better.That's the surprising conclusion from researchers who planted more than 17,000 "lost wallets" across 355 cities in 40 countries, and kept track of how often somebody contacted the supposed owners.The presence of money — the equivalent of about in local currency — boosted this response rate to about 51%, versus 40% for wallets with no cash. That trend showed up in virtually every nation, although the actual numbers varied.Researchers raised the stakes in the U.S., the United Kingdom and Poland. The response jumped to 72% for wallets containing the equivalent of about , versus 61% for those containing . If no money was enclosed, the rate was 46%.How can this be?"The evidence suggests that people tend to care about the welfare of others, and they have an aversion to seeing themselves as a thief," said Alain Cohn of the University of Michigan, one author who reported the results Thursday in the journal Science.Another author, Christian Zuend of the University of Zurich, said "it suddenly feels like stealing" when there's money in the wallet. "And it feels even more like stealing when the money in the wallet increases," he added. That idea was supported by the results of polls the researchers did in the U.S., the U.K. and Poland, he told reporters.The wallets in the study were actually transparent business card cases, chosen so that people could see money inside without opening them. A team of 13 research assistants posed as people who had just found the cases and turned them in at banks, theaters, museums or other cultural establishments, post offices, hotels and police stations or other public offices. The key question was whether the employee receiving each case would contact its supposed owner, whose name and email address were displayed on three identical business cards within.The business cards were crafted to make the supposed owner appear to be a local person, as was a grocery list that was also enclosed. Some cases also contained a key, and they were more likely to get a response than cases without a key. That led the researchers to conclude that concern for others was playing a role, since — unlike money — a key is valuable to its owner but not a stranger.The effect of enclosed money appeared in 38 of the 40 countries, with Mexico and Peru the exceptions. Nations varied widely in how often the wallet's "owner" was contacted. In Switzerland the rate was 74% for wallets without money and 79% with it, while in China the rates were 7% and 22%. The U.S. figures were 39% and 57%.The study measured how employees act when presented with a wallet at their workplaces. But would those same people act differently if they found a wallet on a sidewalk?"We don't know," said Michel Marechal, an author from the University of Zurich. But he said other analyses suggest the new results reflect people's overall degree of honesty.Shaul Shalvi of the University of Amsterdam, who wrote a commentary that accompanied the study, told The Associated Press that he suspected the study does shed light on how people would act with a wallet found on the street.He said the results "support the idea that people care about others as well as caring about being honest."Robert Feldman, psychology professor at the University of Massachusetts Amherst who didn't participate in the work, said he suspected the experiment might have turned out differently if involved "everyday people" rather than employees acting in an official capacity.But Feldman called the study impressive and said it seems like "a very real result."Dan Ariely, a psychology professor at Duke University who didn't participate in the research, said the conclusions fit with research that indicates keeping a larger amount of money would be harder for a person to rationalize."It very much fits with the way social scientists think about dishonesty," he said. 3987

NEW YORK — New Jersey Rep. Bill Pascrell believes the Supreme Court rejecting a Texas lawsuit to overturn the results of the 2020 election in four battleground states Friday is not enough for the Republican members and members-elect of Congress. Pascrell, who serves the Garden State's 9th District (parts of Bergen and Passaic counties), wrote a letter to House Speaker Nancy Pelosi and House Administration Chair Zoe Lofgren saying that she should refuse to seat 126 Republicans who effectively endorsed the suit. "I’m demanding that the 126 Republicans who have endorsed a malignant lawsuit to overturn the will of the people and undermine our democracy not be seated in Congress," Pascrell said in a statement Friday. 730

NEW YORK CITY — Defense attorneys are not only calling for two NYPD officers to be fired after body camera video showed them beating a man, shoving him to the ground and macing him, but lawyers are also calling for one of the officers to be charged with felony assault.The video, recorded on May 25, was released on Wednesday.Edda Ness is a Legal Aid Society attorney assigned to represent the man."It's unjustifiable what they did," Ness said. "They should have been fired immediately. This case should've never been prosecuted."Police confronted 30-year-old Joseph Troiano for taking up more than one seat in the mostly empty subway car, a crime that hasn't been prosecuted by Manhattan District Attorney Cy Vance's office since 2016.Troiano was charged by police with resisting arrest and other misdemeanor charges. But the district attorney's office added a felony assault charge after Vance's office determined that Troiano had injured one officer's hand in the encounter. That charge was when the video of the incident surfaced."After a thorough investigation, our prosecutor intended to offer the individual an Adjournment in Contemplation of Dismissal at his next court appearance," a spokesperson from Vance's office said in an e-mailed statement. "The District Attorney was provided with the available footage last night and determined that our office will advance the case for this purpose, dismiss the assault charge, and offer an adjournment in contemplation of dismissal for the remaining misdemeanor charge."The Legal Aid Society called for the officers' dismissal by name."[We're] calling for the two officers, Shimul Saha and Adonis Long, to be immediately fired," Ness said.Officers Adonis Long and Shimul Saha confronted Troiano around 12:30 a.m. on May 25. After Troiano was told to leave the train, he moved to another subway car. Police followed him."Step off the train," one of the officers said in the video. "You're holding up the train for everybody. Step off or I gotta drag you off."Troiano asked them how he was holding up the train, and he refused to get off. When Long reached out for Troiano's arm, the subway rider pushed Long's hand away."Don't touch me," Troiano said. "Don't touch me. Get off of me."Long then repeatedly punched Troiano in the face. The first punch caused Troiano's eyeglasses to fly off his face. Long and Saha pulled Toriano from the subway car, and he was thrown to the ground in the station.One officer pulled Troiano over to a wall while the other kicked his belongings off the train. Police told him to sit down, and then pepper-sprayed him in the face when he didn't immediately comply.Toriano turned to the wall and covered his eyes; he cried and took a few steps away from police, then fell to the ground where he continued to cry. Officers made him stand, but then told him again to get on the floor."Help me," Troiano said as he got down on the ground.Video shows that Troiano, face bloodied, struggled with police while on the floor. Officers pulled at his hair and held a hand on his neck. One of Troiano's shoes came off. He asked to be allowed to stand up."I'm having a panic attack, please," he said. "I'm sorry. Please, guys, you're killing me."Troiano was taken to a local hospital on a stretcher. He was charged by police with resisting arrest, obstruction of governmental administration and taking up more than one seat on the subway.Walter Signorelli, a retired NYPD inspector who's now an attorney who represents clients suing police, pointed out that Troiano first disobeyed an order from the officers, after which Long struck."It's always difficult to second guess an officer," Signorelli said. "The officer might have [first] said, 'You're under arrest,' which would have made everything clearer and more legal."Legal Aid is calling for prosecutors to charge Long with felony assault. Meanwhile, Ness said her client has had emotional challenges since the late May incident."It's a lot of trauma," Ness said.This story was originally published by James Ford on WPIX in New York City. 4069