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VOL. 46 | NO. 21 | Friday, May 27, 2022

40 years after the Knoxville World’s Fair

It was both a big hit and a herald of hard times for the ‘scruffy little city’

In 1982, the “scruffy little city” did it. Despite some near-death experiences, what is billed by some as the last successful world’s fair to date was held in Knoxville from May to October that year.

Where are they now? Mislaid, made-over attractions

The 1982 World’s Fair had a lot to see, from new and repurposed buildings to ground-level artwork installations.

Dive into the history of the 1982 World’s Fair

World’s Fair enthusiasts or those simply curious about what the 1982 event was all about have a six-month plethora of ways to learn about the event – about 300 all told, Visit Knoxville’s Kim Bumpas says.

D’oh! Sunsphere immortalized

One of the great cultural honors of the 1990s was to be featured in an episode of the Fox animated sitcom The Simpsons. The 1982 World’s Fair and the Sunsphere achieved that honor in the March 31, 1996, episode “Bart on the Road.”

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EVENTS

Member Connect Leads Exchange. Connect with fellow members while gaining exposure for your business. This is a facilitated, small-group networking opportunity allowing each attendee to talk about their business. One representative per company each month. Williamson, Inc. Power Room, 4031 Aspen Grove Drive, Suite 630, Franklin. Parking: 4000 Rush Street. 11:30 a.m.-1 p.m. Fee: free. Option 2: Afternoon session, Wednesday, 3:30-5 p.m. Information

more events »

RICHARD COURTNEY: REALTY CHECK

Median area home price rises $95,000 in just a year

April home prices hit all-time highs, with median single-family prices rising dramatically from $385,000 in April 2021 to $480,000 for April 2022, data from Greater Nashville Realtors and Realtracs reveals.

REAL ESTATE

Average long-term mortgage rates fall; 30-year loan at 5.1%

WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week for the second week in a row, though interest rates on the key 30-year home loan remain at decade-high levels.

NEWSMAKERS

Bradley adds health care attorney Setterlund

Eric Setterlund has joined Bradley Arant Boult Cummings LLP in the firm’s health care and cybersecurity and privacy practice groups.

BRIEFS

Former Watkins campus to be developed

EJF Capital LLC and Chartwell Residential has announced the close of an approximately $67.35 million construction loan to develop the first phase of a multifamily development in Nashville’s Metrocenter neighborhood.

BEHIND THE WHEEL

What to know before getting your car wrapped

Wrapping a vehicle in vinyl to alter its look was once the domain of show cars, luxury and exotics but has now gone mainstream as part of a growing multibillion-dollar industry.

PERSONAL FINANCE

Move junk or make money: Keys to yard sale success

A successful yard sale involves hours of preparation and plenty of hard work. So does an unsuccessful sale. I’ve had both kinds and can confidently say the version that makes money is better.

How debt-related stress affects body and mind

Being in debt feels like you’re always a step behind. It doesn’t help that debt is spoken about as something that’s your fault – too much online shopping, or too many pricy pitchers of mimosas at brunch.

MILLENNIAL MONEY

Too good to be true? How to spot bad money advice

There are many people out there who want to tell you what to do with your money. The problem is only some of them know what they’re talking about.

BUSINESS BOOK REVIEW

When ‘we’ve always done it that way’ isn’t good enough

Everybody in. The meeting’s about to start, the train is leaving soon and the car is idling, so pack it up and let’s go. We’re not leaving anyone behind. With “Inclusion Revolution” by Daisy Auger-Domínguez, we can be sure that no one’s missed.

NASHVILLE AREA

Milwaukee ups ante in bid for Republican National Convention

MILWAUKEE (AP) — The Milwaukee Common Council on Wednesday unanimously approved an initiative that could move the city closer to winning the right to host the 2024 Republican National Convention.

STATEWIDE

Tennessee State Parks to host National Trails Day hikes

NASHVILLE (AP) — Tennessee will celebrate National Trails Day by offering free guided hikes at all 56 state parks starting this weekend.

COURTS

Johnny Depp wins libel lawsuit against ex-wife Amber Heard

FAIRFAX, Va. (AP) — A jury on Wednesday ruled in favor of Johnny Depp in his libel lawsuit against ex-wife Amber Heard, vindicating his stance that Heard fabricated claims that she was abused by Depp before and during their brief marriage.

Hinckley to get full freedom 41 years after shooting Reagan

WASHINGTON (AP) — A federal judge gave his final blessing Wednesday to full freedom for John Hinckley, the man who shot President Ronald Reagan in 1981, capping a four-decade journey through the court system for the once mentally ill Hinckley.

AUTO INDUSTRY

Ford CEO sees electric vehicle price war as EV costs decline

DETROIT (AP) — Ford's chief executive says he expects the cost of building electric vehicles to fall to the point that in coming years automakers will be battling each other for sales of EVs priced around $25,000.

TECHNOLOGY

Wray: FBI blocked planned cyberattack on children's hospital

WASHINGTON (AP) — The FBI thwarted a planned cyberattack on a children's hospital in Boston that was to have been carried out by hackers sponsored by the Iranian government, FBI Director Christopher Wray said Wednesday.

Food waste cement: A gingerbread house-style building option

TOKYO (AP) — Ever dreamed of having a gingerbread house like Hansel and Gretel?

TRANSPORTATION

Delta hikes Q2 revenue outlook on sharply higher airfares

To hear it from Delta Air Lines, happy days are here again, with travelers gladly paying sharply higher fares just to get on an airplane and go somewhere this summer.

Advisers tell Spirit shareholders to reject Frontier bid

NEW YORK (AP) — A firm that advises investors on proxy voting said Tuesday that Spirit Airlines shareholders should oppose Frontier Airlines' bid to buy Spirit, saying that a competing offer by JetBlue is financially superior.

NATIONAL/INTERNATIONAL BUSINESS

Stocks slide as strong economic data raises rate worries

NEW YORK (AP) — A swift jump in Treasury yields rattled Wall Street Wednesday, weighing down stock indexes at the start of another month in what's been a turbulent year.

Sheryl Sandberg, longtime No. 2 exec at Facebook, steps down

SAN FRANCISCO (AP) — Sheryl Sandberg, the No. 2 executive at Facebook owner Meta, is stepping down, according to a post Wednesday on her Facebook page. Sandberg has served as chief operating officer at the social media giant for 14 years. She joined from Google in 2008, four years before Facebook went public.

US job openings decline from record level but remain high

WASHINGTON (AP) — The white-hot demand for U.S. workers cooled a bit in April, though the number of unfilled jobs remains high and companies are still desperate to hire more people.

Biden cites strain on families from infant formula shortage

WASHINGTON (AP) — President Joe Biden on Wednesday acknowledged the strain on families from nationwide shortages of infant formula as he met with manufacturers while his administration tries to address the situation by importing foreign supplies and using the Defense Production Act to speed domestic production.

Company to Las Vegas chapels: No more Elvis-themed weddings

LAS VEGAS (AP) — Las Vegas chapels of love that use Elvis Presley's likeness could find themselves becoming Heartbreak Hotels.

Germany's Scholz seeks broad alliance to curb inflation

BERLIN (AP) — German Chancellor Olaf Scholz said Wednesday he wants to join employers and labor unions in a "concerted action" to find ways of cushioning the effects of rising prices while preventing a spiral of inflation in Europe's biggest economy.

Ukraine war blamed for fuel hikes in South Africa, continent

JOHANNESBURG (AP) — South Africans are feeling the bite of fuel price increases as a result of Russia's war in Ukraine and the rise in the Brent crude oil price.

EXPLAINER: Effects of EU Russia oil ban, Moscow's response

THE HAGUE, Netherlands (AP) — The European Union has agreed to slash Russian oil imports in a tough escalation of the bloc's campaign of sanctions to punish Moscow for its invasion of Ukraine. It's a landmark decision that will hit Russian coffers in the long term, but could also hurt consumers across the European continent.

NATIONAL/INTERNATIONAL POLITICS

Gridlock could delay COVID funds until fall -- or longer

WASHINGTON (AP) — The U.S. is headed for "a lot of unnecessary loss of life," the Biden administration says, if Congress fails to provide billions more dollars to brace for the pandemic's next wave. Yet the quest for that money is in limbo, the latest victim of election-year gridlock that's stalled or killed a host of Democratic priorities.

Top EU official says Croatia ready to join the euro in 2023

BRUSSELS (AP) — The European Union's chief executive said Wednesday that Croatia is ready to join the group of countries using the euro single currency at the start of next year.

UKRAINE

Biden says US sending medium-range rocket systems to Ukraine

WASHINGTON (AP) — The Biden administration says it will send Ukraine a small number of high-tech, medium-range rocket systems, a critical weapon that Ukrainian leaders have been begging for as they struggle to stall Russian progress in the Donbas region.

West promises Ukraine more, better arms to fend off Russia

KYIV, Ukraine (AP) — Western nations promised more and more advanced arms to bolster Ukraine's defense as its troops battled a grinding Russian offensive that was closing in on capturing a key city in the east.

China's Russia dealings irk US, but don't breach sanctions

BEIJING (AP) — China's support for Russia through oil and gas purchases is irking Washington and raising the risk of U.S. retaliation, foreign observers say, though they see no sign Beijing is helping Moscow evade sanctions over its war on Ukraine.


TUESDAY, MAY 31
VANDERBILT SPORTS

Vanderbilt freshman Sargent wins NCAA title in playoff

SCOTTSDALE, Ariz. (AP) — The wind whipped dust in the air, flags and balls all around the golf course. Combined with fast, tricky greens, birdies were hard to come by.

COURTS

Ex-Trump adviser Navarro subpoenaed in DOJ's 1/6 probe

WASHINGTON (AP) — Former Trump adviser Peter Navarro revealed in a court filing Tuesday afternoon that he has been subpoenaed to appear before a grand jury this week as part of the Justice Department's sprawling probe into the deadly insurrection at the U.S. Capitol.

Clinton 2016 campaign lawyer acquitted of lying to the FBI

WASHINGTON (AP) — A lawyer for Hillary Clinton's 2016 presidential campaign was acquitted Tuesday of lying to the FBI when he pushed information meant to cast suspicions on Donald Trump and Russia in the run-up to that year's election.

TRANSPORTATION

Canceled flights mar first weekend of summer for travelers

The unofficial start of summer over the Memorial Day weekend offers a troubling glimpse of what lies ahead for travelers during the peak vacation season.

NATIONAL/INTERNATIONAL BUSINESS

Stocks slip on Wall Street as messy May comes to a close

NEW YORK (AP) — Stocks ended lower after another wobbly day on Wall Street Tuesday, closing out a rocky month.

US consumer confidence slips in May amid stubborn inflation

SILVER SPRING, Md. (AP) — U.S. consumer confidence edged lower in May as Americans' view of their present and future prospects dimmed in the midst of persistent inflation.

Biden plots inflation fight with Fed chair as nation worries

WASHINGTON (AP) — Focused on relentlessly rising prices, President Joe Biden plotted inflation-fighting strategy Tuesday with the chairman of the Federal Reserve, with the fate of the economy and his own political prospects increasingly dependent on the actions of the government's central bank.

Deutsche Bank, subsidiary raided over 'greenwashing' claims

BERLIN (AP) — Authorities in Germany raided the offices of Deutsche Bank and its subsidiary DWS on Tuesday following claims that it was exaggerating the sustainable credentials of some of the products it sold.

Eurozone inflation hits record 8.1% amid rising energy costs

LONDON (AP) — Eurozone inflation hit a record 8.1% in May amid surging energy and food costs fueled in part by Russia's war in Ukraine.

Banker says he warned Vatican about London fund investor

VATICAN CITY (AP) — The Vatican's longtime investment banker testified Monday that he repeatedly voiced concerns about a fund that was investing in a troubled London property, but said the Holy See's secretariat of state insisted on pursuing the deal even as it lost money.

NATIONAL/INTERNATIONAL POLITICS

Biden talks gun control, extremism with New Zealand's PM

WASHINGTON (AP) — President Joe Biden praised New Zealand Prime Minister Jacinda Ardern on Tuesday for her success in curbing domestic extremism and guns as he tries to persuade a reluctant Congress to tighten gun laws in the aftermath of horrific mass shootings in Uvalde, Texas and Buffalo, New York.

Some Democrats voting in GOP primaries to block Trump picks

WASHINGTON (AP) — Diane Murray struggled with her decision all the way up to Election Day.

UKRAINE

In big bid to punish Moscow, EU bans most Russia oil imports

BRUSSELS (AP) — In the most significant effort yet to punish Russia for its war in Ukraine, the European Union agreed to ban the overwhelming majority of Russian oil imports after tense negotiations that exposed the cracks in European unity.

Hungary's Orban wins exemption in EU Russian oil embargo

BUDAPEST, Hungary (AP) — Hungary's divisive leader has once again got his own way with the European Union — this time in tough negotiations on Russian oil at a summit in Brussels.

Sievierodonetsk mayor says Russian forces seize half of city

SLOVIANSK, Ukraine (AP) — Russian forces in a "frenzied push" have seized half of the eastern Ukrainian city of Sievierodonetsk that is key to Moscow's efforts to quickly complete the capture of the industrial Donbas region, the mayor told The Associated Press on Tuesday.


MONDAY, MAY 30
NASHVILLE SC

Nashville SC ends Colorado's 23-game home unbeaten streak

COMMERCE CITY, Colo. (AP) — Nashville ended the Colorado Rapids' team record 23-game home unbeaten streak, winning 3-1 Saturday night behind two goals from Hany Mukhtar.

UT SPORTS

Volunteers' dominance earns them No. 1 seed in NCAA baseball

OMAHA, Neb. (AP) — After finishing one of the most dominant runs in Southeastern Conference history, Tennessee was selected the No. 1 overall seed in the NCAA baseball tournament Monday.

Sewell, Gilbert help Tennessee beat Florida, win SEC tourney

HOOVER, Ala. (AP) — Camden Sewell threw five scoreless innings, Drew Gilbert had four RBIs and No. 1 seed Tennessee beat Florida 8-5 Sunday to win the SEC Tournament.

SEC, ACC each land 4 regionals for NCAA baseball tournament

OMAHA, Neb. (AP) — The Southeastern Conference and Atlantic Coast Conference each had four teams selected as regional sites Sunday for the NCAA baseball tournament.

STATE GOVERNMENT

Gov. Lee signs campaign finance and ethics bill

NASHVILLE (AP) — Tennessee Gov. Bill Lee has signed off on a new campaign finance and ethics face-lift, bucking objections from some of the state's most influential advocacy groups who opposed the measure.

COURTS

Coal ash workers dying as lawsuit over illnesses drags on

NASHVILLE (AP) — In 2013, the first of more than 200 workers who labored to clean up the nation's worst coal ash spill filed a suit against the contractor, blaming Jacobs Engineering for illnesses they believe were caused by exposure to heavy metals and radioactive particles in the ash. Nearly a decade later, not a single case has made it through the court system.

NATIONAL/INTERNATIONAL BUSINESS

German inflation rate hits highest level since early 1970s

BERLIN (AP) — Germany's annual inflation rate accelerated to 7.9% in May, its highest level in nearly half a century, according to an official estimate Monday.

NATIONAL/INTERNATIONAL POLITICS

Biden sees chance of 'rational' Republican approach on guns

WASHINGTON (AP) — President Joe Biden said Monday that the "Second Amendment was never absolute" and that, after the Texas elementary school shooting, there may be some bipartisan support to tighten restrictions on the kind of high-powered weapons used by the gunman.

O'Rourke bets shooting will shake up Texas governor's race

WASHINGTON (AP) — Still mourning a Texas mass shooting, Democrat Beto O'Rourke gave his long-shot campaign a jolt by imploring a national audience that it was finally time for real action to curb the proliferation of high-powered guns in his home state and across America.

How Biden, cops and advocates forged deal on police and race

WASHINGTON (AP) — Jim Pasco, the executive director for the Fraternal Order of Police, was watching football on a Sunday afternoon when he got a call from Susan Rice, the top domestic policy adviser at the White House.

NATO looks to 'historic' Madrid summit, with Sweden, Finland

BARCELONA, Spain (AP) — NATO Secretary-General Jens Stoltenberg said Monday that next month's summit in Madrid will be a "historic" opportunity to strengthen the alliance in the face of Russian aggression against Ukraine.

UKRAINE

Russia offers foreign debt payment system similar to gas method

MOSCOW (AP) — Russia said Monday it may use an arrangement similar to that used for payments for its gas supplies to pay its dollar-denominated foreign debts.

EU wrestles with Russia oil embargo as leaders gather

BRUSSELS (AP) — European Union leaders will gather Monday in a new show of solidarity with Ukraine, but divisions over whether to target Russian oil in a new series of sanctions are exposing the limits of how far the bloc can go to help the war-torn country.

Russian troops entering Sievierodonetsk in eastern Ukraine

KRAMATORSK, Ukraine (AP) — The Russian-battered eastern Ukrainian city of Sievierodonetsk appeared to be on the brink of becoming another Mariupol on Monday as the mayor told The Associated Press that Russian troops have entered, power and communications have been cut and "the city has been completely ruined."


FRIDAY, MAY 27
SPORTS

Gilbert, Tennessee beat Vanderbilt 10-1 in SEC Tournament

HOOVER, Ala. (AP) — Drew Gilbert went 2-for-4 with two RBIs and scored twice, five Tennessee pitchers combined to give up just five hits and the top-seeded Volunteers beat No. 8 seed Vanderbilt 10-1 on Thursday night in the SEC Tournament.

RELIGION

Southern Baptist leaders release secret accused abuser list

In response to an explosive investigation, top Southern Baptists have released a previously secret list of hundreds of pastors and other church-affiliated personnel accused of sexual abuse.

EDUCATION

Fisk gets $1.4 million to help Nashville high schoolers

NASHVILLE (AP) — Fisk University has won a five-year, $1.4 million grant to help low-income high school students in the Nashville area become the first in their families to attend college, the school announced this week.

ENVIRONMENT

G-7 pledges put coal on notice, could boost climate aid

BERLIN (AP) — Officials from the Group of Seven wealthy nations announced Friday that they will aim to largely end greenhouse gas emissions from their power sectors by 2035, making it highly unlikely that those countries will burn coal for electricity beyond that date.

NATIONAL/INTERNATIONAL BUSINESS

Wall Street breaks 7-week losing streak, longest since 2001

NEW YORK (AP) — Stocks rose on Wall Street Friday and closed higher for the week, breaking a seven-week losing streak, the longest such stretch since 2001.

Key inflation gauge slowed to still-high 6.3% over past year

An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in March and the first slowdown since November 2020.

Thai garment workers win $8.3M in back pay after layoffs

NEW YORK (AP) — More than 1,250 Thai workers who sewed bras for brands Victoria's Secret, Lane Bryant and Torrid — and who were laid off last year without their legally required severance — have received 281 million baht ($8.3 million) in compensation, according to worker rights groups Solidarity Center and the Worker Rights Consortium.

NATIONAL/INTERNATIONAL POLITICS

McCarthy, GOP lawmakers escalate standoff with Jan. 6 panel

WASHINGTON (AP) — Republican Leader Kevin McCarthy is making it clear that he will likely defy a subpoena from the House committee investigating the Jan. 6, 2021, Capitol attack, escalating a standoff with the panel over his and other GOP lawmakers' testimony.

Many back strict gun laws, but opposition tends to be louder

WASHINGTON (AP) — Majorities of U.S. adults think mass shootings would occur less often if guns were harder to get, and that schools and other public places have become less safe than they were two decades ago, polling shows.

Senate GOP blocks domestic terrorism bill, gun policy debate

WASHINGTON (AP) — Democrats' first attempt at responding to the back-to-back mass shootings in Buffalo, New York, and Uvalde, Texas, failed in the Senate as Republicans blocked a domestic terrorism bill that would have opened debate on difficult questions surrounding hate crimes and gun safety.

Senators talk expanded gun background checks, red flag laws

WASHINGTON (AP) — A bipartisan group of senators is considering how Congress should respond to the horrific shooting of 19 children and two teachers in Uvalde, Texas, restarting gun control talks that have broken down many times before.

Biden to console families in Uvalde, press for action

WASHINGTON (AP) — President Joe Biden and first lady Jill Biden will travel to Uvalde, Texas, on Sunday to console families and honor victims of Tuesday's mass school shooting in which 19 children and two teachers were killed.

US: Turkey's NATO issues with Sweden, Finland will be fixed

WASHINGTON (AP) — U.S. Secretary of State Antony Blinken said Friday he's confident Turkey's objections to Finland and Sweden joining NATO can be overcome swiftly, possibly in time for a summit of alliance leaders at the end of next month.

Senate confirms Steven Cliff to lead highway safety agency

DETROIT (AP) — The Senate on Thursday confirmed former California pollution regulator Steven Cliff to run the National Highway Traffic Safety Administration.

UKRAINE

'Relentless': Russia squeezes Ukrainian strongholds in east

KYIV, Ukraine (AP) — Russian forces on Friday pounded the last Ukrainian strongholds in a separatist-controlled eastern province of Ukraine, including a city where authorities said 1,500 people have been killed and 60% of residential buildings destroyed since the start of the war.

US wins latest legal battle to seize Russian yacht in Fiji

WELLINGTON, New Zealand (AP) — The United States on Friday won the latest round of a legal battle to seize a $325-million Russian-owned superyacht in Fiji, with the case now appearing headed for the Pacific nation's top court.

Russia slams sanctions, seeks to blame West for food crisis

KYIV, Ukraine (AP) — Moscow pressed the West on Thursday to lift sanctions against Russia over the war in Ukraine, seeking to shift the blame for a growing food crisis that has been worsened by Kyiv's inability to ship millions of tons of grain and other agricultural products while under attack.


THURSDAY, MAY 26
NASHVILLE AREA

Workers' advocates turned away at Dollar General meeting

NASHVILLE (AP) — A civil rights advocate says he and two Dollar General store workers were denied access to the company's shareholder meeting Wednesday in Tennessee where they had been outside protesting for better pay and workplace safety improvements.

REGION

Goodbye NYC: Estimates show big city losses, Sunbelt gains

Ko Im always thought she would live in New York forever. She knew every corner of Manhattan and had worked hard to build a community of friends. Living in a small apartment, she found her attitude shifting early in the pandemic. After her brother accepted a job in Seattle in the summer of 2020, she decided to move there too.

EDUCATION

State: Only 52% of 2021 Tennessee grads went right to college

NASHVILLE (AP) — A state report says nearly half of Tennessee public high school seniors in the class of 2021 did not attend college or technical school right after graduating.

COURTS

Justices to rule in gun case with US raw from mass shootings

WASHINGTON (AP) — With mass shootings in Texas, New York and California fresh in Americans' mind, the Supreme Court will soon issue its biggest gun ruling in more than a decade, one expected to make it easier to carry guns in public in some of the largest cities.

Administration opposes airlines in lawsuit over crew breaks

The Biden administration has sided against the airline industry and urged the U.S. Supreme Court on Wednesday to uphold a California law that would provide more rest and meal breaks than airline crews are guaranteed under federal rules.

TRENDS

CEO pay up 17% as profits, stocks soar; workers fall behind

NEW YORK (AP) — Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting.

Female CEO's pay rose 26% in 2021, but ranks remain small

NEW YORK (AP) — Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared.

Expedia's Kern, AMD's Su among highest paid CEOs

Here are the highest paid male and female CEOs in the S&P 500 index for 2021, as calculated by The Associated Press and Equilar, an executive data firm.

As CEO pay grows even bigger, so does its complexity

NEW YORK (AP) — CEO pay is a tricky thing to explain.

TRANSPORTATION

More Memorial Day travel expected, despite high gas prices

LOS ANGELES (AP) — To drive, or not to drive? This Memorial Day weekend, with surging gas prices that are redefining pain at the pump, that is the question for many Americans as a new COVID-19 surge also spreads across the country.

MEDIA

Elon Musk revises Twitter financing plan; shares jump

SAN FRANCISCO (AP) — Tesla CEO Elon Musk on Wednesday revised the financing plan for his proposed $44 billion purchase of Twitter, raising investor hopes that the unpredictable billionaire still intends to pull off a deal roiled by market turbulence and Musk's not-entirely-explicable concerns about the number of fake accounts on Twitter.

Twitter to pay $150M penalty over privacy of users' data

WASHINGTON (AP) — Twitter will pay a $150 million penalty and put in new safeguards to settle federal regulators' allegations that the social platform failed to protect the privacy of users' data over a six-year span.

TECHNOLOGY

Big tech deals keep coming: Broadcom buys VMware for $61B

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite an environment of rising inflation and economic uncertainty.

ENVIRONMENT

Justices won't block Biden policy on 'social cost of carbon'

WASHINGTON (AP) — The Supreme Court on Thursday allowed the Biden administration to use a higher estimate, challenged by Republican-led states, for calculating damages to people and the environment from greenhouse gas emissions.

Germany: G-7 nations can lead the way on ending coal use

BERLIN (AP) — Germany's energy and climate minister said Thursday that the Group of Seven wealthy nations can lead the way on ending the use of coal, a heavily polluting fossil fuel that's responsible for a large chunk of global greenhouse gas emissions.

COVID-19

COVID-19, shootings: Is mass death now tolerated in America?

PROVIDENCE, R.I. (AP) — As the nation marked 1 million deaths from COVID-19 last week, the milestone was bookended by mass shootings that killed people simply living their lives: grocery shopping, going to church, or attending the fourth grade. The number, once unthinkable, is now an irreversible reality in the United States — just like the persistent reality of gun violence that kills tens of thousands of people every year.

US making COVID antiviral drug more available at test sites

WASHINGTON (AP) — The White House on Thursday announced more steps to make the antiviral treatment Paxlovid more accessible across the U.S. as it projects COVID-19 infections will continue to spread over the summer travel season.

Long COVID affects more older adults; shots don't prevent it

New U.S. research on long COVID-19 provides fresh evidence that it can happen even after breakthrough infections in vaccinated people, and that older adults face higher risks for the long-term effects.

NATIONAL/INTERNATIONAL BUSINESS

Better results from retailers help send stock market higher

NEW YORK (AP) — Stocks are ending higher on Wall Street Thursday as investors cheered a strong set of quarterly results from Macy's and other retailers.

Worry about stagflation, a flashback to '70s, begins to grow

WASHINGTON (AP) — Stagflation. It was the dreaded "S word" of the 1970s.

US economy shrank by 1.5% in Q1 but consumers kept spending

WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported Thursday in a slight downgrade of its previous estimate for the January-March quarter.

Fewer Americans applied for jobless benefits last week

WASHINGTON (AP) — Fewer Americans applied for jobless aid last week with the number of Americans collecting unemployment benefits already near five-decade lows.

Retailers' troubles sound the alarm for rest of economy

NEW YORK (AP) — The fastest inflation in 40 years squeezed retailers during the first quarter, alarming investors worried about the broader economy's outlook.

Macy's raises annual profit outlook on strong Q1 results

NEW YORK (AP) — Shoppers' return to occasion dressing helped to power Macy's fiscal first-quarter results, and the department store chain raised its annual earnings outlook even as surging inflation is crimping Americans' budgets.

Japan's troubled Toshiba proposes outside directors to board

TOKYO (AP) — Troubled Japanese technology giant Toshiba announced some additions to its proposed leadership Thursday, ahead of a shareholders' meeting next month.

NATIONAL/INTERNATIONAL POLITICS

Texas shooting is new test for Biden's long battle over guns

WASHINGTON (AP) — Joe Biden, then the chairman of the Senate Judiciary Committee, surveyed the collection of black, military-style rifles on display in the middle of the room as he denounced the sale of guns whose "only real function is to kill human beings at a ferocious pace."

US education chief seeks action to prevent school shootings

WASHINGTON (AP) — Education Secretary Miguel Cardona said Thursday that he's ashamed the United States is "becoming desensitized to the murder of children" and that action is needed now to prevent more lives from being lost in school shootings like the one in Uvalde, Texas.

Biden signs policing order on anniversary of Floyd's death

WASHINGTON (AP) — President Joe Biden signed an executive order Wednesday to improve accountability in policing —a meaningful but limited action on the second anniversary of George Floyd's death that reflected the challenges in addressing racism, excessive use of force and public safety when Congress is deadlocked on stronger measures.

Blinken: US to leverage Russia-Ukraine bloc against China

WASHINGTON (AP) — Secretary of State Antony Blinken said Thursday the Biden administration aims to lead the international bloc opposed to Russia's invasion of Ukraine into a broader coalition to counter what it sees as a more serious, long-term threat to global order from China.

UKRAINE

West mulls having Russian oligarchs buy way out of sanctions

BERLIN (AP) — Western allies are considering whether to allow Russian oligarchs to buy their way out of sanctions and using the money to rebuild Ukraine, according to government officials familiar with the matter.

As Ukraine war grinds, world pushes for way to get grain out

KYIV, Ukraine (AP) — Russia pressed Thursday for the West to lift sanctions imposed because of its war in Ukraine, claiming without proof that the punitive measures are preventing millions of tons of grain and other agricultural products from leaving Ukrainian ports, exacerbating a global food crisis.

Russia takes steps to bolster army, tighten grip on Ukraine

KYIV, Ukraine (AP) — Russian President Vladimir Putin issued an order Wednesday to fast track Russian citizenship for residents of parts of southern Ukraine largely held by his forces, while lawmakers in Moscow passed a bill to strengthen the stretched Russian army.

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