Market Watch

TEMPE, Ariz., March 7, 2023 /PRNewswire/ — Economic activity in the hospital subsector grew in February for the 33rd consecutive month, say the nation’s hospital supply executives in the latest Hospital ISM ® Report On Business ® . The report was issued today by Nancy LeMaster, MBA, Chair of the Institute for Supply Management ® (ISM ® ) Hospital Business Survey Committee: "The Hospital PMI ® registered 53.5 percent in February, a 1-percentage point increase from the January reading of 52.5 percent, indicating a 33rd consecutive month of growth. The Business Activity Index increased compared to January, while the New Orders Index decreased compared to the prior month. The Employment Index moved back into growth territory after contracting in January. The Case Mix Index registered 51.5 percent, a decrease of 5 percentage points compared to the January figure of 56.5 percent. The Days Payable Outstanding Index registered 55 percent, up 2 percentage points from the 53 percent reported in January. The Technology Spend Index registered 53 percent, the same reading as reported in January." LeMaster continues, "The majority of Business Survey Committee respondents remarked that demand for elective procedures increased during the month. With increased employment, hospitals were able […]

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Over the past year, a group of attackers has targeted Facebook business account owners by spreading information stealing malware through malicious Google ads or fake Facebook profiles. The infection chain uses DLL sideloading via legitimate apps, as well as self-contained executable files written in various programming languages such as Rust, Python, and PHP. “We have seen SYS01stealer attacking critical government infrastructure employees, manufacturing companies, and other industries," researchers from security firm Morphisec said in a new report . "The threat actors behind the campaign are targeting Facebook business accounts by using Google ads and fake Facebook profiles that promote things like games, adult content, and cracked software, etc. to lure victims into downloading a malicious file. The attack is designed to steal sensitive information, including login data, cookies, and Facebook ad and business account information." This campaign has also been reported in the past by researchers from Zscaler, who attributed it to DUCKTAIL , a Vietnam-based hacker group that similarly specializes in infiltrating Facebook business accounts. However, the Morphisec researchers believe this attribution is wrong. The DUCKTAIL attacks, which have been going on since 2021, seem to be more targeted and sophisticated with the end goal of abusing the […]

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Courtesy of Intuit Quickbooks Dive Brief: Intuit QuickBooks this week launched a new social content campaign, “Small Business Spotting,” to highlight real small businesses that have appeared in movies, according to details shared with Marketing Dive. The effort is timed to the Oscars, which is slated for March 12. QuickBooks on TikTok will spotlight various small businesses that make a cameo in 2023 Oscar-nominated films. Additionally, a Small Business Movie Guide map tracks the locations of film-featured companies, which consumers can add to by sharing sightings found within movie trailers and clips posted on TikTok and YouTube. The effort also includes a 60-second video and will span QuickBooks’ owned social media channels. The campaign is inspired by the surge in popularity of film tourism, an activity where movie watchers travel to locations featured in various movies. Access now➔ Pinterest Business Trendline Latest marketing trends in consumer packaged goods Dive Insight: While it’s no surprise that watching movies is a pastime favored by many, film tourism is an activity that may be less recognized but is in fact rising in popularity, a key insight behind QuickBooks’ campaign. Film tourism in 2022 was a $66 billion industry and is expected to […]

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Spain’s Prime Minister Pedro Sanchez attends a news briefing in Kyiv, Ukraine February 23, 2023. REUTERS/Viacheslav Ratynskyi MADRID, March 7 (Reuters) – Spain’s leftist government rolled out a draft bill designed to boost the share of women in politics and business on Tuesday, on the eve of International Women’s Day, and further advance gender equality in one of the world’s leading countries on the issue. The Equal Representation Law will apply the principle of full gender parity to electoral lists and impose a 40% minimum female representation on boards of directors of big companies and governing boards of professional associations. Advertisement · Scroll to continue "We need to take advantage of 100% of the female talent in our country to improve the productivity of companies and to have a stronger and more sustainable growth over time," Economy Minister Nadia Calvino said after the meeting of the cabinet, in which women have outnumbered men for the first time in Spain. Register for free to Reuters and know the full story Calvino, who made headlines last year when she said she would no longer attend events if women were not equally represented among the speakers, said the draft bill would break […]

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Facebook owner Meta Platforms ( META ) reportedly is planning another round of layoffs that will cut thousands of employees as soon as this week. Meta stock climbed on the news. The company looks to have the layoff plan ready before Chief Executive Mark Zuckerberg goes on parental leave for his third child, Bloomberg reported . It would be the second major round of layoffs at Meta. In November, Meta cut 11,000 employees, or 13% of its workforce. The Bloomberg report said Meta expects to cut "thousands," but did not give a specific number. Meta Stock Climbs On Layoff News In morning trades on the stock market today , Meta stock rose 1.2% to 187.04. Meta stock has doubled since early November when the company announced its first round of layoffs. At the time, Zuckerberg vowed to make 2023 a "year of efficiency" for the beleaguered social media giant. Meta stock soared as the company also announced $40 billion in new share repurchases. As of Feb. 27, more than 120,000 tech employees have lost their jobs in 2023, Roger Lee, founder of Layoffs.fyi , said in an interview with IBD last week. Layoffs.fyi tracks layoffs in the tech sector. […]

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Getty Images Christopher Marquis is a Forbes.com contributor who writes about how companies are creating a more resilient and sustainable capitalism. As companies face increasing public and internal calls for action on environmental and societal crises, more corporate leaders are launching or expanding practices to enhance their impact and chart a path for long-term business success. But their words and actions sometimes don’t align with their political contributions and lobbying efforts, an issue that came under the spotlight in the wake of the divisive 2020 election and Jan. 6 Capitol attacks. One backdrop for this corporate discord is the current era of ever-growing corporate political spending, which continues to set records in the wake of the U.S. Supreme Court’s Citizens United ruling , and a pay-to-play system where high-dollar donors influence policy decisions that may benefit their bottom line but harm the planet or society at large. Amid the ever-widening gap between the ultrawealthy and frontline workers who lag in income levels and well-being, more people are looking to work for and do business with companies that share their values — and some corporate leaders are looking for new ways to align their political influence approaches and actions with […]

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After over six months of virtually zero mention of the status of its Xiaomi Automobile brand, the CEO of Xiaomi Corporation has shared a progress update that “exceeds expectations.” Despite previous licensing issues in China, Xiaomi Automobile now appears on track for EV production next year, and there are some images circulating around the internet that might hint to the smartphone giant’s first EV design. Xiaomi Corp. is better known as a Chinese electronics company based on an Internet of Things (IoT) platform – currently specializing in the manufacturing of smartphones, mobile apps, laptops, and home appliances. In March of 2021, however, we reported that Xiaomi had shared definitive plans to manufacture its own brand of EVs aimed at the mass market in China. By September, the corporation had officially registered Xiaomi Automotiv e as an EV company, but was still searching for an experienced partner in EV manufacturing to help it transition from building smartphones to building entire cars. By late 2021, Xiaomi Automotive signed a contract to establish its entire automotive business in the suburb of Yizhuang in Beijing. The footprint would include its headquarters , R&D, and EV manufacturing constructed in two phases. Xiaomi co-founder Lei […]

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BRYAN, Texas (KBTX) – There is a new form of artificial intelligence technology making waves in business and higher education. ChatGPT was developed by OpenAI and launched in November 2022. According to the company, it is trained to follow instructions in a prompt and provide a detailed response. Education experts say ChatGPT can offer real-time, one-on-one guidance to students by answering questions and providing personalized feedback on projects and assignments. “Right now, we are so early in the adoption process of the technology. A majority of users are just experimenting with it,” said Beata Jones , a Professor of Professional Practice at Texas Christian University in Fort Worth. “The fields of journalism, media, publishing, real estate workers, architecture, financial advisors, every industry has really taken to ChatGPT.” Experts say there are several benefits of ChatGPT in higher education, including personalized mentoring, content creation, and communication skills development. Jones teaches a core business information systems class and an information systems development course at Texas Christian University and has included ChatGPT in her curriculum. “My students have used it in class since day one,” said Jones. “At first, about half of them knew about the technology. Now, almost all of them […]

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Illustration: Annelise Capossela/Axios Researchers have uncovered an ongoing, monthslong malware campaign that’s targeting and stealing data from pharmaceutical, IT services and consulting firms through their internet routers. Driving the news: Researchers at Lumen Technologies released a blog post Monday detailing the malware campaign, dubbed HiatusRAT, which started in July and has already affected at least 100 businesses across Europe, North America and Latin America. The attackers are targeting end-of-life DrayTek Vigor router models 2960 and 3900, which are popular with small to midsized businesses and allow users to remotely connect to corporate networks. As of mid-February, roughly 4,100 machines were still vulnerable to the attack, according to the researchers. The big picture: Internet routers have always been a ripe target of hackers given their insecure designs and the amount of data that flows through them. The risk jumped during the pandemic as workers relied more heavily on their at-home routers to connect to corporate networks. Details: Researchers believe hackers are seizing the routers as part of a long-term espionage and data exfiltration operation, although it remains unclear who is behind the campaign. The HiatusRAT malware intercepts any data that passes through its systems and sends it to the hackers. […]

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Orchard Therapeutics (Europe) Limited OTL-200 pre-BLA meeting granted for second quarter of 2023 following productive clinical Type B meeting with the U.S. Food and Drug Administration (FDA) Strategic financing from leading healthcare investors provides up to $188 million of additional capital upon achievement of key milestones $18.8M of Libmeldy revenue in 2022 with growth expected in 2023 from ongoing commercial expansion activities in Europe Newborn screening studies have confirmed three cases of metachromatic leukodystrophy (MLD) with 96,000 babies screened globally to date Company to webcast conference call today at 8:00 a.m. ET BOSTON and LONDON, March 06, 2023 (GLOBE NEWSWIRE) — Orchard Therapeutics (Nasdaq: ORTX), a global gene therapy leader, today announced business updates along with its financial results for the quarter and year ended December 31, 2022. The company will host a live webcast at 8:00 a.m. ET that will be available under “News & Events” in the Investors & Media section of the company’s website at www.orchard-tx.com . Analysts wishing to participate in the question and answer session should use this link . A replay of the webcast will be archived on the Orchard website following the presentation. “We are already building tremendous momentum in 2023 across […]

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