WASHINGTON – Rep. Chris Collins resigned last week from the board of Innate Immunotherapeutics amid major corporate changes and a fresh round of controversy about the Clarence Republican's investment in the Australian biotech firm and legislation he has introduced that could conceivably help it. The congressman's spokeswoman, Sarah Minkel, confirmed Friday that Collins had left the company's board. Minkel would not explain why Collins had resigned, but company documents indicate Collins and three other longtime directors had to quit as a condition of Innate's purchase of Amplia Therapeutics, another Australian biotech firm. According to the terms of that acquisition, Innate will get several new board members formerly associated with Amplia, Innate said in a corporate filing. Innate's shareholders approved the acquisition of Amplia, as well as the new board members, at a meeting in Sydney, Australia, on Thursday, the company said in another filing with the Australian Stock … [Read more...] about Collins quits biotech’s board amid corporate overhaul, fresh controversy
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WASHINGTON – It's not just Sumitomo Rubber North America's Town of Tonawanda plant that could suffer under President Trump's tariffs. It's the entire company – and the entire American economy. That's what Richard Smallwood, Sumitomo Rubber North America's president and CEO, had to say in an interview with The Buffalo News on Friday, a day after he criticized the proposed tariffs at a Commerce Department hearing. Trump is pondering tariffs of up to 25 percent on imported autos and auto parts. To hear Smallwood tell it, that would force price increases and potentially do grave harm to the American economy – and, in turn, to Trump's Republican Party. "This is the guy who was supposed to make America great again, and he puts us into a recession?" Smallwood said. In the early morning phone interview, Smallwood stressed that the Town of Tonawanda plant, which employs about 1,400, is an important part of his company's future. The plant is in the midst of an expansion that … [Read more...] about Sumitomo chief says Trump tariffs could have ‘devastating’ ripple effects
Home Daily News Lawyers rank highest on 'loneliness scale,'… Careers By Debra Cassens Weiss Posted April 3, 2018, 7:00 am CDT Shutterstock.com. Law practice may be the loneliest profession. Lawyers outranked other professionals on a “loneliness scale” in a survey of more than 1,600 workers, the Washington Post reports. Sixty-one percent of lawyers ranked above average on the loneliness scale, compared to 57 percent of engineers, 55 percent of research scientists, 51 percent of workers in food preparation and serving, and 45 percent of workers in education and library services. The study found that higher education may be a contributing factor. Graduate degree holders were more lonely and had less workplace support than people with only undergraduate or high school degrees. Holders of professional degrees in law and medicine were the loneliest—25 percent lonelier than people with bachelor’s degrees, and 20 percent lonelier than those with PhDs. … [Read more...] about Lawyers rank highest on ‘loneliness scale,’ study finds
Are Minnesota’s rules setting pay on state-funded public construction projects a boost for skilled labor or a barrier for workers hoping to climb the employment ladder? New research on school construction by the Midwest Economic Policy Institute found Minnesota’s prevailing-wage law resulted in more local hiring, higher pay and stronger apprenticeship programs. After examining more than 600 school construction bids, the researchers found those that paid the higher wages did not add to the overall cost of the projects because skilled workers were more efficient and made fewer mistakes. School construction is big business in Minnesota. Districts across the state are renovating buildings, improving security and adding classrooms for young learners. Since 2015, voters have approved nearly 100 capital levies for projects worth billions. “Minnesota’s prevailing wage is a win-win-win for Minnesota taxpayers, the state’s economy, and the construction … [Read more...] about Do government-set wages for public construction: boost or barrier?
The last time the midsection of the East Coast stared down a hurricane like this, Dwight Eisenhower was in the White House and Marilyn Monroe and Joe DiMaggio were newlyweds. Hurricane Florence could inflict the hardest hurricane punch North Carolina has seen in more than 60 years, with rain and wind of more than 130 mph (209 kph). North Carolina has been hit by only one other Category 4 storm since reliable record keeping began in the 1850s. That was Hurricane Hazel in 1954. Hurricane Hugo made landfall in South Carolina as a Category 4 hurricane in 1989. In comparison, Florida, which is closer to the equator and in line with the part of the Atlantic where hurricanes are born, off the African coast, has had at least five hurricanes in the past century of Category 4 or greater, including Hurricane Andrew in 1992. If Florence stalls over the Appalachians when it hits land, it could carry torrential rains up into the mountains, causing flash floods, mudslides and other dangerous … [Read more...] about Florence Could Rival North Carolina’s 1954 ‘Benchmark Storm’