Polio detected in New York City sewage suggesting local circulation of virus, health officials say

NYC commissioner for health Dr Mary T. Bassett Andy Katz | Pacific Press | Lightrocket | Getty Images Polio has been detected in New York City, suggesting local circulation of the virus, health officials said on Friday. New York State Health Commissioner Dr. Mary Bassett called the findings alarming. Bassett said local and federal health officials are aggressively assessing how far polio has spread in the city and in New York state. “For every one case of paralytic polio identified, hundreds more may be undetected,” Bassett said. The best way…

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Samsung exec explains why the company’s folding phones are so important to its business

Samsung Galaxy Z Fold 4 Samsung The head of Samsung’s mobile business, Roh Tae-moon, recently explained to The Wall Street Journal why folding phones are so important to the company’s business. Roh said in the report that Samsung’s foldable phones are attracting three times more brand switchers than Samsung’s regular Galaxy S phones. That means people are moving away from other phone makers, whether it’s Apple, Xiaomi or Oppo, and instead buying Samsung phones. “We consider this to be a quite meaningful percentage and a positive sign,” Roh told The Wall…

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Popular meditation app maker Calm reportedly lays off 20% of employees

Edward smith | Getty Images The popular meditation startup Calm, known for its wellness app of the same name, has laid off 20% of its staff, according to The Wall Street Journal, which viewed a memo sent by CEO David Ko to employees on Thursday. Roughly 90 out of 400 Calm employees were laid off, according to the Wall Street Journal. Founded in 2012, the San Francisco-based startup was valued at $2 billion in 2020. “I can assure you that this was not an easy decision, but it is especially…

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Your iPhone can identify any song with just a tap. Here’s how to set it up

Taylor Swift Christopher Polk | Getty Images Your iPhone has a useful feature you might not know about. You can identify the song that’s playing on the radio at a bar, in your car or at a friend’s house, all without having to open an app. All you have to do is swipe down and tap a single button. It’s part of the iPhone’s (and iPad’s) integration with music-recognition service Shazam, which Apple acquired in 2018. It’s been available for a couple years but might be more useful now that…

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How to pick the best MacBook so you’re not overspending for what you don’t need

A new MacBook Air running M2 chip is seen displayed during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters Apple has five MacBook computers to choose from, which might be a little daunting if you’re in the market for a new laptop as we hit back-to-school season. There’s the new MacBook Air, for example, but Apple also sells its older 2020 MacBook Air. Then there are three different MacBook Pro computers to pick from. Your choice will depend on what you use…

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Trump faces a slew of investigations and lawsuits — and they’re heating up as he weighs White House run

Former US President Donald Trump raises his fist while walking to a vehicle outside of Trump Tower in New York City on August 10, 2022. Stringer | AFP | Getty Images As Donald Trump considers whether to make a third run for the White House — and when to announce that decision — the former president faces a raft of official investigations and civil lawsuits. Several of those probes put Trump at risk of criminal sanctions. Others threaten his pocketbook. What also remains to be seen is whether they will…

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Biden senior advisor Anita Dunn has to divest investment portfolio worth between $16.8 million and $48.2 million to avoid conflicts

White House senior advisor Anita Dunn is being forced to divest an investment portfolio worth an estimated $16.8 million to $48.2 million that ethics attorneys say poses significant conflicts of interest in her new role. The political and communication’s strategist will also have to recuse herself from a myriad of domestic and international issues that affect her former clients. Dunn’s newly released financial disclosures, which are 93 pages long, show extensive stock, options, bond and private equity holdings — a fortune she and her husband, veteran attorney Bob Bauer, have…

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Stocks making the biggest moves premarket: Honest Company, Rivian, Illumina and others

Check out the companies making headlines before the bell: Honest Company (HNST) – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including positive adjusted earnings for the fourth quarter. Rivian Automotive (RIVN) – Rivian shares fell 1% in premarket trading after the electric vehicle maker widened its loss estimate for 2022. It also affirmed prior production guidance.…

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Pharma stocks crater as investors brace for billions in heartburn drug litigation charges

Shares of GlaxoSmithKline, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug Zantac. This has been a known issue bumbling in the background for years but investor concern exploded this week in the lead-up to the first scheduled legal proceeding on Aug 22. What is Zantac? Zantac is the brand name for a drug called ranitidine, a medicine used to relieve heartburn. It was originally invented and sold by Glaxo…

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5 things to know before the stock market opens Friday

Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Markets looking up U.S. stock futures pointed to a rally Friday morning, a day after the three major indexes posted mixed results. On Thursday, the Dow finished slightly positive, while the S&P 500 and the tech-heavy Nasdaq slipped after another round of inflation data showed that price increases were slowing down somewhat. But one month of data does not make a trend,…

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