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Talking Biz News Today — July 15, 2021

July 15, 2021

Posted by Irina Slav

Some of Thursday’s top business news stories:

Associated Press

Powell says inflation, though elevated, will likely moderate, by Christopher Rugaber

Biden pitches huge budget, says Dems will ‘get a lot done’, by Alan Fram, Lisa Mascaro


Space tourism won’t be affordable for the masses any time soon, by Chris Isidore

Ransomware gang that hit meat supplier mysteriously vanishes from the internet, by Brian Fung, Zachary Cohen, Geneva Sands

The Wall Street Journal

Facebook to Pay Content Creators More Than $1 Billion Through 2022, by Sarah E. Needleman

NortonLifeLock in Talks to Buy Avast, by Cara Lombardo, Dana Cimilluca


Oatly accused of overstating revenue and greenwashing by activist short Spruce Point, by Amelia Lucas

Delta reports first profit since 2019 thanks to federal aid, improving revenue as travelers return, by Leslie Josephs


Biggest U.S. banks smash profit estimates as economy revives, by Michelle Price

U.S. regulator sues Amazon, demands recall of hazardous products

News about business journalism

Economist taps Avent as trade and international economics editor

Shep Smith’s CNBC show is struggling

Bloomberg among most aggressive in return to office strategies

FT taps Seddon to be Moscow bureau chief

InformationWeek appoints Peters editor-in-chief

Business Post taps Sanz as legal correspondent/senior reporter

Insider hires Snodgrass as junior reporter

Insider hires BuzzFeed’s Haskins to cover AI, surveillance tech

GlobalCapital hires Buttle as corporate debt reporter

Bloomberg’s Benjaminson promoted to deputy ME

Newest hires Bloomberg TV’s Fox as editor in chief

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