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UNION, N.J. — Bed Bath & Beyond says it’s cutting 2,800 jobs at its New Jersey corporate headquarters and stores — about 5% of its overall workforce — as the ailing retailer looks to move more of its business online.The company says the move will save it about 0 million a year, before taxes. Those estimated savings are in addition to the million in savings expected as a result of a restructuring program announced in February.The company says the action is designed to further reduce layers at the corporate level, significantly reposition field operations to better serve customers who are shopping more online, as well as realign technology, its supply network and merchandising teams to support growth initiatives.Bed Bath & Beyond says the changes will help fund a number of growth initiatives to enhance the shopping experience in store and online, in addition to supporting plans to launch an array of new customer-inspired owned brands in 2021.The company’s CEO, Mark Tritton, provided this statement: 1034

Tropical Storm Beta is gaining strength off the coast of southern Texas, as Subtropical Storm Alpha makes landfall in Portugal Friday afternoon; both are making history because of their names and timing.This is only the second time in recent history more than 21 significant storms in the Atlantic have been named in a year. Tropical Storm Beta is number 23.The National Hurricane Center uses a list of 21 names each year to distinguish large storms they are tracking in the Atlantic Ocean. Once those names are all used, scientists use the Greek alphabet to name storms. 579

UPS has reportedly told its drivers to stop picking up packages from several national retailers as they try to keep up with record-breaking online shopping this holiday season.Online shopping has seen record highs in 2020, as people heed public safety warnings during the coronavirus pandemic and avoid shopping in person.The National Retail Federation estimates online shopping during the five-day period including Black Friday and Cyber Monday jumped 44 percent. Adobe Analytics estimates online shopping on Thanksgiving and Black Friday were both up 22 percent compared to last year, and that Black Friday was the highest-grossing online shopping day in history. An internal memo at UPS, obtained by the Wall Street Journal, indicates the company placed temporary shipping restrictions on retailers like Nike, Gap, Macy’s, L.L. Bean and others. The message reportedly tells drivers to stop picking up packages at some of these retailers for the time being."Knowing the unique constraints the industry is facing this peak season, we worked with our carriers early on to collectively build a strategic plan of execution," Gap said in a statement to CNN.A Nike spokesperson told media: "We expect the majority of these orders to meet estimated delivery dates and are communicating with consumers any changes in delivery."A UPS company spokesperson told the WSJ they will pick up packages who have exceeded allocated space once more capacity becomes available.UPS and rival FedEx have already raised prices for merchants and said they would hold merchants to shipping volume agreements.The United States Postal Service is also trying to manage the increase in packages, increasing pricing for companies and hiring thousands of temporary workers to handle the deliveries.For those wondering, here is a look at the 2020 holiday shipping deadlines per delivery company. 1874

Vermont Sen. Bernie Sanders' son is running for Congress in New Hampshire.Levi Sanders, 48, said in a statement first reported by WMUR and since posted on his campaign website that he is entering the open-seat race to replace retiring Democratic Rep. Carol Shea-Porter."This is a unique opportunity to listen to the hard working men and women of New Hampshire about the issues that matter to them," he said.The New Hampshire 1st District is one of the nation's most competitive open-seat races in 2018's midterms.Unlike his father, who ran as an independent in Vermont, Sanders is running as a Democrat. He'll be the eighth Democratic candidate to enter the race.Sanders lives in Claremont, New Hampshire, which is outside the 1st District. Members of the US House must live in the state they are running in, but are not required to live in the district.Sanders said in the statement he's worked in Massachusetts as a legal services analyst for 17 years."For 15 years, New Hampshire has been my family's home," he said.Sanders' platform largely mirrors his father's. He's campaigning for a "Medicare for all" single-payer health care system, free college tuition, an increased minimum wage, as well as "sensible gun legislation" and solutions to the "crisis level" opioid epidemic.Sanders' advisers had previously lined up behind state Rep. Mark MacKenzie.Maura Sullivan, a former Marine and Veterans Administration official, and Chris Pappas, a New Hampshire Executive Council member whose family co-owns the Puritan Backroom restaurant in Manchester, a well-known stop on the presidential campaign trail, are also running for the Democratic nomination.  1668

U.S. government officials are putting an early end to a study testing an Eli Lilly antibody drug for people hospitalized with COVID-19 because it doesn’t seem to be helping them.Independent monitors had paused enrollment in the study two weeks ago because of a possible safety issue. But on Monday, the National Institute of Allergy and Infectious Diseases, which sponsors the study, said a closer look did not verify a safety problem but found a low chance that the drug would prove helpful for hospitalized patients.It is a setback for one of the most promising treatment approaches for COVID-19. President Donald Trump received a similar experimental, two-antibody drug from Regeneron Pharmaceuticals Inc. on an emergency basis when he was sickened with the coronavirus earlier this month.In a statement Lilly notes that the government is continuing a separate study testing the antibody drug in mild to moderately ill patients, to try to prevent hospitalization and severe illness. The company also is continuing its own studies testing the drug, which is being developed with the Canadian company AbCellera.Antibodies are proteins the body makes when an infection occurs; they attach to a virus and help it be eliminated. The experimental drugs are concentrated versions of one or two specific antibodies that worked best against the coronavirus in lab and animal tests.Lilly and Regeneron have asked the U.S. Food and Drug Administration to grant emergency use authorization for their drugs for COVID-19 while late-stage studies continue. Lilly says its request is based on other results suggesting the drug helps patients who are not hospitalized, and that it will continue to seek the FDA’s permission for emergency use.___The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content. 1928

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