Local News
Biden administration announces $600M to produce COVID tests and will reopen website to order them
SUMMARY: The Biden administration has provided $600 million in funding for new at-home COVID-19 tests and restarted a website allowing US households to order up to four free tests. The initiative aims to prevent potential shortages as coronavirus cases typically increase during colder months. The Department of Health and Human Services announced that orders can be placed starting from 25th September with free delivery provided by the US Postal Service. Twelve companies will produce 200 million over-the-counter tests to replenish federal stockpiles and satisfy online demands.
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Local News
NCAA investigates 13 former basketball players for sports betting violations
SUMMARY: The NCAA is investigating potential sports betting violations involving 13 former men’s basketball players from six schools, including Eastern Michigan, Temple, Arizona State, New Orleans, North Carolina A&T, and Mississippi Valley. The schools are not under investigation. The probe was triggered by unusual betting activities and messages revealing players betting on their own games, sharing info for betting, manipulating outcomes, or refusing cooperation. Previously, three players from Fresno State and San Jose State were found guilty, with eligibility revoked. NCAA President Charlie Baker emphasized ongoing integrity monitoring and urged regulators to reduce risks by limiting prop bets and involving leagues in policy-making.
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Local News
Russian drone incursion in Poland prompts NATO leaders to take stock of bigger threats
SUMMARY: Poland pledged to advance military modernization after Russian drones struck its territory, raising NATO concerns about Kremlin ambitions amid ongoing war in Ukraine. The incursion, viewed by European leaders as a deliberate provocation, prompted NATO to assess airspace defenses. Finnish President Stubb warned of blurred war-peace lines in Europe. Poland plans to receive U.S. F-35 jets by 2026 and closed its Belarus border amid joint military exercises. The U.N. Security Council will meet on the incident. Meanwhile, China urged Poland to keep a Belarus rail link open. Ukraine and the UK agreed to produce interceptor drones as drone warfare intensifies in the conflict.
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Local News
US stocks inch to more records as inflation slows and Oracle soars
SUMMARY: Wall Street reached new highs as a surprising slowdown in U.S. wholesale inflation and Oracle’s optimistic AI-driven growth forecast boosted market sentiment. The S&P 500 rose 0.3%, hitting records for a second day, while the Dow fell 0.5%, dragged down by Apple. Traders anticipate the Federal Reserve will cut interest rates next week to support the economy without triggering inflation or recession. Oracle’s shares surged 35.9% after projecting cloud AI revenue to jump significantly, while chipmaker TSMC also saw gains. European markets were mixed, and U.S. Treasury yields dropped, reflecting hopes for easing monetary policy amid controlled inflation.
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