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WASHINGTON — The United States has given the final go-ahead to the nation’s first COVID-19 vaccine, marking what could be the beginning of the end of an outbreak that has killed nearly 300,000 Americans.Vaccine distribution for health care workers and nursing home residents are expected to begin in the coming days after the Food and Drug Administration on Friday authorized an emergency rollout of what promises to be a strongly protective vaccine from Pfizer and its German partner BioNTech.Initial doses are scarce and rationed as the U.S. joins Britain and several other countries in scrambling to vaccinate as many people as possible ahead of winter.It will take months of work to tamp down the coronavirus that has surged to catastrophic levels in recent weeks and claimed 1.5 million lives globally. 815
Walmart says they plan to pay their workers in the United States a holiday cash bonus.In a press release, the company announced an estimated 8 million in special cash bonuses on Dec. 24, which comes out to be 0 for full-time employees and 0 for part-time workers.Drivers, coaches, and assistant managers will also receive a special cash bonus, Walmart said in a press release.The company paid employees 9 million in quarterly bonuses on Nov. 25, "following a strong third-quarter business performance."According to Walmart, it has paid a total of more than .8 billion in bonuses in 2020.Walmart also announced they are extending its leave policy through July 5, 2021, amid the ongoing pandemic.The policy currently provides "associates with up to two weeks of pay should they need to stay home for COVID-related reasons, including mandated quarantines, symptoms, or illness."The company said employees unable to return to work after that time would receive additional pay replacement for up to 26 weeks. 1025
Walmart is retreating from Europe, merging its UK supermarket business Asda with bigger rival Sainsbury's.In return, Walmart will receive £2.97 billion (.1 billion) in cash and a 42% stake in the combined business, the companies said in a statement on Monday.The deal values Asda at £7.3 billion ( billion), and creates a mega retailer with 2,800 stores and combined sales of roughly £51 billion ( billion).The sale of Asda follows Walmart's exit from Germany, its other major outpost in Europe, in 2006.Walmart could use the cash to fuel its expansion in other international markets. The US retailer is reportedly close to agreeing to invest in India's Flipkart, an online retailer that has also attracted attention from Amazon."This proposed merger represents a unique and bold opportunity, consistent with our strategy of looking for new ways to drive international growth," Judith McKenna, the CEO of Walmart International, said in a statement.The combination with Asda will give Sainsbury's more firepower as it confronts digital competitors including Amazon and aggressive discount chains, such as Germany's Lidl and Aldi.It also creates a new UK market leader: Sainsbury's and Asda together control over 31% of the grocery market, according to Kantar Worldpanel. The current industry front runner, Tesco, has nearly 28%.Regulators will have a close look at the deal, but the geographical distribution of Sainsbury and Asda stores could limit concerns over reduced competition.Upmarket Sainsbury's is strong in southern England, while Asda, which tends to have larger stores and lower prices, is well represented in the north. Together, the supermarket chains employ 330,000 people.The UK Competition and Markets Authority last year approved Tesco's takeover of wholesaler Booker, saying the deal would not reduce competition in the sector, which is known for its razor-thin margins and frequent price wars. 1929
WASHINGTON (AP) — Melania Trump is marking the 100th anniversary of women gaining the right to vote with an art exhibit based on works by students from all 50 states and Washington, D.C.The first lady was using Monday's event — on the opening day of the Republican National Convention — to promote certain aspects of her husband's record on women's issues. 365
VIRGINIA BEACH, Va. -- If you are working from home, you may have bought some new items to accommodate the situation, or you are probably using more of the resources you already pay for.If you were planning on writing off these new expenses on your next tax return, "Unfortunately, there are no tax benefits to working from home if you are an employee,” Scott Rinehart, a tax professional and financial advisor with Carlson Financial, said.While tax season is months away, Rinehart said he has already received some questions from people."I've had people ask, 'since I work from home, can I deduct my office now?'” he explained.Say, for example, if you bought a laptop and it cost a couple hundred dollars, the rent on your apartment or certain utilities like electricity -- just to name a few examples -- you cannot write those off on your taxes.“The tax act a few years ago got rid of that tax break for employees,” Rinehart said.He mentioned an exception, however."If you are self-employed and now instead of going to your office, you're working from home, you can deduct a portion of your home you're using as your office."It is the same scenario for those homeschooling their children, Rinehart added, but he explained that extra paid leave was provided in the Family First Coronavirus Response Act for parents tending to their children.A tax write-off normally helps to reduce the amount of tax you owe."I think there will be folks who will try to claim these expenses when they itemize,” Rinehart said, “or add some sort of miscellaneous deduction, and they're just not going to be allowed."If you do make these claims or accidentally file for a write-off, Rinehart said, “You may get a letter from the IRS at some point saying, 'Hey, you owe us some money.’”In that event, Rinehart said the IRS will try to work with the filer to fix the issue. It may result in additional payments.Rinehart suggested tracking your expenses, organize receipts and use free tax resources online, as well as the IRS."Otherwise, it always makes sense to - if you have a more complex tax situation - have a professional look at it,” Rinehart said.This story originally reported by Julio Avila on wtkr.com. 2201