[5 books this morning] Selected news to read before starting work

PowellThe FRB chairman pointed out that the latest economic data suggests that inflation is once again on a slowing trend. However, officials added that they would like to see even more data before moving to cut interest rates. “Since the US economy is strong and the labor market is strong, we can respond correctly over time,” he said. The previous inflation statistics and previous data were evaluated as “suggesting that they are returning to the trajectory of disinflation.”

In the New York State criminal trial where former US President Trump received a guilty verdict on charges of fraudulently handling adultery charges, the court judge is against Mr. TrumpSentencingIt was agreed to postpone it until 9/18. Mr. Trump received the judgment of the Supreme Court of the United States, which recognized part of immunity privileges, and insisted that the guilty verdict should be annulled. The judge adjudicated the sentence in order to examine this claim.

May'sNumber of rice jobsThere was an unexpected increase of 8.14 million cases. Recently, the number of cases has been on a downward trend, which suggests a gradual deceleration in labor demand. The employment rate and layoff rate both increased, showing a fluid employment market.

It was developed by US pharmaceutical giant Eli LillyAlzheimer's diseaseThe remedy was approved in the US. It received approval from the U.S. Food and Drug Administration (FDA) for the second time as a drug that delays the progression of symptoms in 6 million patients in the United States. “Donanemab AZBT (Kisunra)” competes with Eisai's “Recembi,” which was approved for sale in the US in early 2023.

Major electric vehicle (EV) company, USTeslaThe number of car deliveries fell below the same period last year for 2 consecutive quarters, but the drop was not as high as analysts had anticipated, and stock prices temporarily rose 10%. Chief Executive Officer Elon Musk (CEO) is taking measures to put a stop to the decline in sales. Production declined in the second quarter compared to the same period last year. Tesla did not explain the reasons for the decline in sales and production. Details are expected to be revealed in the financial results announcement scheduled for the 23rd of this month.