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More than six weeks after the long-delayed program started taking applications, 14,000 businesses have applied for a Shuttered Venue Operators Grant. Only 90 have been awarded one. ....
Meat processor paid $11 million in ransom to hackers. A billboard in Brazil for the meatpacking giant JBS. The chief executive said the decision to pay a ransom to hackers was “very difficult.”Credit.Paulo Whitaker/Reuters The world’s largest meat processor said on Wednesday that it paid an $11 million ransom in Bitcoin to the hackers behind an attack that forced the shutdown last week of all the company’s U.S. beef plants and disrupted operations at poultry and pork plants. The company, JBS, said in a statement that the decision to pay the ransom was made to protect its data and hedge against risk for its customers. The company said most of its facilities were back up and running when the payment was made. ....
Shell says a court ruling on greenhouse gases will speed up its plans to cut emissions. Source: Factset “For Shell, this ruling does not mean a change but rather an acceleration of our strategy,” said Ben van Beurden, the chief executive of Shell.Credit.Benoit Tessier/Reuters Royal Dutch Shell will respond to a recent defeat in a Dutch court by accelerating its efforts to reduce its carbon dioxide emissions, the company’s leader said Wednesday. Ben van Beurden, the chief executive of Shell, said that he was “disappointed” by the ruling requiring the oil company, Europe’s largest, to move faster in slashing greenhouse gases, but added that the company was planning to do just that. ....
Stocks Fall, as Cryptoâs Volatility Bleeds Into Broader Markets: Live Updates RIGHT NOW Source: Factset Hereâs what you need to know: Source: FactSet By: Ella Koeze Wall Street and corporate America have finally bought into Bitcoin, just in time for one of the ugly crashes the cryptocurrency regularly experiences. Stocks slumped for a third day as a bust in the world of crypto â until recently considered a side show to actual financial activity â bled into the broader markets and hammered shares closely linked to the difficult-to-define digital assets. The S&P 500 was down about 1 percent by midday, after dropping 0.9 percent on Tuesday with a sudden sell-off in the final hour of trading. The Nasdaq composite was down about 0.8 percent. Technology stocks led the declines. ....