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GENEVA — The U.N. health agency says the world’s largest randomized trial of COVID-19 treatments found “conclusive evidence” that remdesivir, a drug used to treat U.S. President Donald Trump when he fell ill, has little or no effect on severe cases. The World Health Organization has announced long-awaited results of its six-month “Solidarity Therapeutics Trial” that endeavored to see if existing drugs might have an effect on the coronavirus. The study, which was not peer-reviewed, found that four treatments tested — remdesivir, hydroxychloroquine, lopinavir/ritonavir and interferon — had “ little or no effect on 28-day mortality or the in-hospital course of COVID-19 among hospitalized patients.” Remdesivir was the only drug of the four that had not largely been ruled out as ineffective in fighting COVID-19. 826
Hobby Lobby announced Monday that it's raising its minimum wage for full-time hourly employees effective Oct. 1.The new hourly wage would be an hour, the arts and crafts company said in a press release.The current federal minimum wage in the US is .25 per hour, according to the Department of Labor.“We have always worked hard to be a retail leader when it comes to taking care of our people,” said Hobby Lobby founder and CEO, David Green in the press release. “From closing our stores on Sundays and at 8 p.m. the rest of the week, to providing some of the best pay and benefits in the retail industry, we are thankful that we are able to share our success with our valued employees and provide time for rest, family and worship. These investments allow Hobby Lobby to attract and retain a great group of associates who in turn help provide the wonderfully unique shopping experience enjoyed by our many loyal customers.”The Oklahoma City-based company said they've raised its minimum wages 10 times over the last 11 years.“Because this year has presented so many challenges to our employees, we are very happy that we are able to provide pay increases to thousands of our associates before the Christmas season,” Green added.In 2014, the company raised its full-time minimum hourly wage to . 1311
Get ready to pay a little more for Pampers, Charmin, Bounty, and Puffs.Procter & Gamble said on Tuesday that it was in the process of raising Pampers' prices in North America by 4 percent. P&G also began notifying retailers this week that it would increase the average prices of Bounty, Charmin, and Puffs by 5 percent.P&G is raising prices because commodity and transportation cost pressures are intensifying. The hikes to Bounty and Charmin will go into effect in late October, and Puffs will become more expensive beginning early next year.These products are significant sales drivers and market share leaders for P&G.Food companies, such as Coke, Boston Beer, Hershey, and Tyson Foods, have announced price increases in recent weeks, but P&G's move will serve as a test for how willing Americans are to pay up for big household brands. The strategy could leave the company vulnerable to low-cost competitors or pushback from retail partners. Walmart was P&G's biggest buyer in 2017, accounting for 16% of its billion in sales."There is uncertainty and will be volatility with these pricing moves. They will negatively impact consumption. We'll have to adjust as we go and as we learn," Chief Financial Officer Jon Moeller told analysts on Tuesday.Pampers is P&G's largest brand, with annual sales of above billion. Last year, Bounty had more than a 40% global share of the paper towel market, and Charmin had more than a 25% share of toilet paper sales.The company expects the price increases to weigh on sales at first, but turn around shortly after.Shipping costs have spiked as demand for goods accelerates and the United States faces a shortage of truck drivers. "The transportation market, particularly in the [United States], has presented us with some challenges," he added.P&G said the two factors were outsized components in the baby, fabric, and home care cost structure.Pulp, which is made from trees, is the primary ingredient in Bounty, Puffs and Charmin, and a major material in Pampers.Since 2016, market prices for hardwood pulp have risen 60% and 20% for softwood. P&G sources both types from the United States and Canada and uses them to make tissue papers and diapers.Growing global demand, particularly in China, and tight supply have pushed up prices, said Arnaud Franco, a senior analyst at the Pulp and Paper Products Council.The Trump administration has placed 10% on tariffs on Canadian paper and Canada responded by enacting 10 perecent levies on several paper products, including toilet paper. But Franco said tariffs were not currently impacting prices.If China, however, decided to put tariffs on market pulp, US producers could get hurt, Franco said.P&G's biggest competitor is feeling the pinch too. Kimberly-Clark, the maker of Kleenex, Scott, and Huggies, said commodity costs last quarter were a "a drag of 0 million...primarily due to higher pulp costs and, secondarily, inflation in other raw materials."Canadian company Kruger Products announced last week that it was raising tissue prices in that country beginning in October to "offset unprecedented and sustained cost increases on input materials and freight." Kruger said pulp costs were up 23 percent since last year.P&G is also raising prices as it looks for ways to recoup lower prices in other major categories.The company's operating profit margin last quarter shrank more than 2 percentage points from last year in part because it dropped price tags on brands including Gillette razors, Crest toothpaste, and Luvs diapers. 3585
Harvey Weinstein, Matt Lauer, Kevin Spacey are among a list celebrities and politicians, who all faced quick and intense backlash from sexual harassment allegations.The scandals sparked the #MeToo movement. Now, a year later, some feel the movement has shifted.“Certainly, after the #MeToo movement, what we have seen [is] survivors have more safe spaces to go to, to access support,” says Bridgette Stumpf, a sexual assault advocate with the Network for Victim Recovery of D.C. “Unfortunately, with the Times survey just over a month ago, that said of women surveyed 60 percent say their environment of reporting sexual harassment assault doesn’t feel any different than a year ago.”Decades-old allegations threatened Brett Kavanaugh’s Supreme Court confirmation. Just this week, Special Counsel Robert Mueller says someone offered a woman money to fabricate sexual harassment claims against him.“It doesn’t matter what your political affiliation is, there’s this sense in politics that winning is the most important thing,” Stumpf says.A new poll finds found 4 in 10 surveyed believe the movement has gone too far. The nation is split along party lines, with 75 percent of Republicans saying the #MeToo movement has gone too far, compared to 21 percent of Democrats.Sexual assault advocates say that can have an impact on victims coming forward or being believed.“From a survivor’s perspective, if you already felt the criminal justice might not be a space where you’re believed, your willingness to think that that’s going to get better in this political moment is probably not likely,” Stumpf explains. 1614
German Chancellor Angela Merkel has announced she will give up leadership of her center-right Christian Democrat Union party after 18 years in the post, German media has reported. Merkel announced during a meeting with officials that she will not seek to run for re-election at the party's convention in December. But she made clear that she wanted to remain as chancellor, a position she has held since 2005, RTL reported, citing party sources.The announcement is a sign of Merkel's weakened power within her own party, and waning popularity in the country.Both parties under Merkel's ruling coalition -- the CDU and the Social Democratic Party (SPD) -- suffered heavy losses in a regional election over the weekend.While the CDU remained the largest party in the election, which was held in the central state of Hesse, results were down 10% from the previous election.This weekend's election is the second blow to Markel's fragile "grand coalition" government. On October 14, the Christian Social Union, or CSU -- the Bavarian sister party to the CDU -- lost its majority in the Bavarian state parliament.The CSU has dominated politics in the state since the end of World War II, ruling for all but three years over the course of nearly seven decades.Speaking on October 15, Merkel admitted that voters had lost trust in the government and that it was her job to "make sure that trust is won back.""I will work on that with as much vigor as I can," she added.Bavaria bore the brunt of the 2015 refugee crisis; at its peak, thousands of asylum seekers were crossing into the state every day. Since then, both Merkel and her CSU allies have been criticized for their management of the influx. 1700