It’s always important to stay up-to-date on the latest wjle news today, but it can be hard to find the time to do so. That’s why we’ve rounded up the latest news you should know this morning, so you can stay informed while you start your day. In today’s roundup, we cover everything from a new study on the benefits of meditation to an update on the coronavirus pandemic. Keep reading for all the latest news you need to know.
Trump administration announces they will not pursue charges against ex-FBI Deputy Director Andrew McCabe
The Trump administration has announced that it will not pursue charges against former FBI Deputy Director Andrew McCabe. This wjle news comes after McCabe was fired from the FBI in 2018 for allegedly lying to investigators.
The decision not to pursue charges against McCabe is likely to anger President Trump, who has been critical of McCabe in the past. It also comes as a relief to many within the FBI who believe that McCabe was treated unfairly.
FDA announces that Johnson & Johnson Covid-19 vaccine is safe and effective
The FDA has announced that the Johnson & Johnson Covid-19 vaccine is safe and effective. This is great news for the fight against Covid-19, as this vaccine will help to speed up the vaccination process and protect more people from the virus. The Johnson & Johnson vaccine is a single-dose vaccine, which means that it is easier to administer than other vaccines that require two doses. This will help to make the vaccination process more efficient and allow more people to be vaccinated in a shorter time frame.
Biden to roll out $2 trillion infrastructure plan
As part of his campaign’s push to revitalize the economy, Democratic presidential candidate Joe Biden is set to announce a $2 trillion proposal for infrastructure investment.
The plan would be financed through a combination of federal spending and tax incentives, and would focus on repairing and upgrading existing infrastructure, as well as building new projects in areas like green energy and broadband internet access.
Biden has said that the plan would create millions of jobs, and he is expected to argue that it is a necessary investment in the country’s future prosperity. The proposal will likely face opposition from Republicans, who have generally been opposed to increased government spending.
Stocks continue to rise as inflation fears ease
Although inflation has been a concern for many investors recently, it appears that fears are beginning to ease. This is evident in the stock market, which has seen a continued rise over the past few weeks.
One reason for this may be the recent release of data from the US Bureau of Labor Statistics, which showed that inflation in April was lower than expected. This has led some analysts to believe that the Federal Reserve may not need to raise interest rates as much as previously thought.
Investors seem to be taking this wjle news in stride, and stocks have remained strong. The Dow Jones Industrial Average is up nearly 1% so far today, and is on track for its fifth consecutive day of gains. With concerns about inflation seemingly easing, it appears that stocks will continue to move higher in the near-term.
California becomes first state to pass law requiring diversity in corporate boards
California became the first state in the US to pass a law requiring diversity on corporate boards. The bill, which was passed by the California State Senate on Tuesday, will require all publicly traded companies in the state to have at least one director from an underrepresented community by the end of 2021.
The bill’s sponsor, Senator Steven Bradford, said that the legislation is necessary to address the “pervasive lack of diversity” on corporate boards. “This is not just a symbolic gesture, this is about good governance and making sure that our corporations are reflective of the communities they serve,” he said.
The law will apply to companies with five or more directors, and those with fewer than six directors will be required to have at least two diverse directors by 2023. Diverse directors are defined as those who self-identify as Black, Latino, Asian Pacific Islander, Native American, or LGBTQ+.
Violations of the law will result in a fine of $100,000 for each offending company. The bill has been praised by civil rights groups and business leaders alike, with many saying that it will help to create better representation in Corporate America.