Employers are struggling to find workers. Here's why

Energy secretary laughs at gas prices: It's 'no laughing matter,' Sen. Marshall says

Rising gas prices ‘no laughing matter’: Sen. Marshall

Sen. Roger Marshall, R-Kan., reacts to Biden’s energy secretary laughing at a question about increased gas prices and U.S. energy independence.

Sen. Roger Marshall, R-Kan., responded to U.S. Energy Secretary Jennifer Granholm laughing when asked about rising gas prices and energy independence, saying the issue is "no laughing matter" on "Mornings with Maria" Friday.

SEN. ROGER MARSHALL: One of the things happening here in Kansas is we can't get financing anymore for drilling; that there's so much of an environmental ask of the federal government that these banks are scared to loan money to customers they've had for 20 or 30 years, let alone shutting down the pipelines, adding more rules and regulations, policy that's driving the price of gasoline up. 

I know for me it now takes a $100 bill to fill my Dodge Ram truck with gasoline… It's no laughing matter. I don't see anybody laughing when they're at the pump.

WATCH THE FULL INTERVIEW BELOW

Biden energy secretary laughs off rising gas prices

Sen. Roger Marshall, R-Kan., provides insight into gas prices.

Wynn Resorts Announces Termination Of Wynn Interactive Merger Deal – Quick Facts

Wynn Resorts, Limited (WYNN) and Austerlitz Acquisition Corporation I (AUS.U) have mutually agreed to terminate their agreement, which contemplated the combination of Austerlitz I and Wynn Interactive Ltd., a unit of Wynn Resorts.

Craig Billings, CEO of Wynn Interactive, said, “With our continued roll out of product features and planned new state launches, including New York, we remain excited about WynnBET’s future.”

Wynn Interactive is the online gaming division of Wynn Resorts, Ltd. (Nasdaq: WYNN). Wynn Interactive products operate under the WynnBET, WynnSLOTS, and BetBull brands.

GSK, Vir: Intramuscularly Administered Sotrovimab Shows Efficacy In Early Treatment Of COVID-19

GlaxoSmithKline PLC (GSK.L,GSK) and Vir Biotechnology, Inc. (VIR) reported headline data from the randomised, open-label COMET-TAIL phase III trial, which achieved its primary endpoint. The data showed that intramuscular administration of sotrovimab was non-inferior to intravenous administration for the early treatment of mild-to-moderate COVID-19 in high-risk, non-hospitalised adults and adolescents.

Hal Barron, Chief Scientific Officer and President, said: “I am pleased that today’s results demonstrated similar efficacy for sotrovimab when injected directly into the muscle compared to administered intravenously, potentially offering a more convenient option for patients. We look forward to working with regulatory authorities to help make this new option available to appropriate patients with COVID-19.”

GSK and Vir plan to progress regulatory submissions globally, including ongoing discussions with the FDA regarding the existing Emergency Use Authorization for sotrovimab.

Shares of Vir Biotechnology were up 3% in pre-market trade on Friday.

Ian King Business Podcast: AstraZeneca, Toshiba, and happy staff

Today Ian King is discussing COVID vaccine maker AstraZeneca’s decision to move away from its at-cost model and aim to make a “modest profit” from the jabs.

Gold gains marginally; silver jumps ₹ 627

Gold price in the national capital on Friday increased marginally by ₹ 22 to ₹ 48,176 per 10 grams, according to HDFC Securities.

In the previous trade, the yellow metal had settled at ₹ 48,154 per 10 grams.

Silver gained ₹ 627 to ₹ 65,609 per kilogram from ₹ 64,982 per kilogram in the previous trade.

In the international market, gold was trading marginally lower at $ 1,857 per ounce and silver was flat at $ 25.17 per ounce.

"Gold prices traded weak with spot gold prices at COMEX trading 0.30 % down at $ 1,857 per ounce on Friday," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

Quits hit record high as 'Great Resignation' gathers momentum

Kudlow: Biden’s tax plan will cause Americans to ‘lose jobs, lower wages’

‘Kudlow’ host Larry Kudlow argues the Biden administration hasn’t assessed the inflationary or ‘negative’ economic impact in the spending bill. 

The number of U.S. workers quitting their jobs surged to a record in September as openings remained near an all-time high. 

The total number of quits rose by 164,000 in September to a record-high 4.4 million, according to the Labor Department’s Job Opening and Labor Turnover Survey, or JOLTS. The quit rate was 3%, also an all-time high. 

This comes as the number of job openings was little changed at 10.4 million. 

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Employers are struggling to find workers. Here's why

New York (CNN Business)A record 4.4 million Americans quit their jobs in September as the sheer volume of available jobs is empowering workers to have their pick.

The nation had 10.4 million open jobs that month as the worker shortage crisis continues, data from the Bureau of Labor Statistics showed Friday. It was a modest decrease from the 10.6 million open jobs in August.
Jobs particularly increased in the health care and sector and in state and local government.

    Employers hired 6.5 million people, while separations, which include voluntary quits, stood at 6.2 million.

      This is a developing story. It will be updated