Senator blasts ‘gross financial mismanagement’ at hospital chain that filed for bankruptcy, seeking to protect pay and benefits for 30,000 workers

A group of Democratic members of Congress, led by Sen. Edward Markey of Massachusetts, is seeking reassurances that workers at hospitals owned by Steward Health Care will have their health care and retirement benefits protected. Steward last month said it plans to sell off all its hospitals after announcing that it filed for bankruptcy protection. In a letter …

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Aeroplan is the credit card transfer partner you didn’t know you needed. Here’s why.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. Fortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers. Aeroplan is the credit card transfer partner you didn’t …

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Maryland governor Wes Moore wants to boost economic growth in his state—so he’s pardoning 175,000 marijuana convictions to get the ball rolling

Maryland Gov. Wes Moore is scheduled to sign an executive order to issue 175,000 pardons for marijuana convictions Monday, according to a news report. The pardons will forgive low-level marijuana possession charges for an estimated 100,000 people. Moore, a Democrat, told The Washington Post Sunday night that criminal records have been used to deny housing, …

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Danone, like Swiss competitor Nestle, is doubling down on foods for an aging population

Danone, the French yogurt maker in the midst of a turnaround, is stepping up investment in nutritional drinks for cancer patients and the elderly, betting an aging population will boost long-term growth. The medical nutrition unit will be a big part of the next stage of Danone’s recovery effort, after Chief Executive Officer Antoine de …

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Bill Gates says he’s ready to plow billions into a next-gen nuclear plant being built by his startup

Bill Gates said he’s prepared to plow billions of dollars into a next-generation nuclear power plant project in Wyoming to meet growing US electricity needs. TerraPower LLC, a startup founded by Gates, broke ground for construction of its first commercial reactor last week in Wyoming, where a coal plant is shutting down, the billionaire co-founder …

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Top Wall Street bear surrenders to bull market and flips forecast, now seeing the S&P 500 soaring to 6,000 by year-end

With the S&P 500 Index setting record after record, Evercore ISI is predicting another double-digit rally through the end of 2024. Julian Emanuel, the firm’s chief equity and quantitative strategist, raised his year-end forecast on the S&P 500 Index to 6,000, the highest among major equity strategists tracked by Bloomberg — and roughly 10% above …

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Electricity prices in France turn negative as renewable energy floods the grid

French electricity prices turned negative as a drop in demand and surging renewables output prompted some nuclear reactors to power down. Daily consumption from Thursday through Sunday is seen falling by an average 6 gigawatts, a Bloomberg model shows. Sunny and blustery weather has driven up solar and wind generation, prompting the grid operator to …

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$155 million debut for ‘Inside Out 2’ is biggest since ‘Barbie’ and second best ever for Disney’s Pixar

Hollywood’s summer movie anxieties gave way to joy this weekend with the massive debut of Disney and Pixar’s “ Inside Out 2.” The animated sequel earned $155 million in ticket sales from 4,440 theaters in the U.S. and Canada, according to studio estimates Sunday. Not only is it the second-highest opening weekend in Pixar’s 29 years …

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Gen X is the least confident about retirement as ‘crunch time’ nears—and has done less to prepare than boomers or millennials

The cohort once derided as the “slacker generation” is about to start heading into retirement, and many Gen Xers aren’t feeling so optimistic about it after not doing as much to get ready. Only 62% of Gen Xers feel confident about “being able to financially support all the things they want to do in life,” …

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