Author: News Room

Who wouldn’t grab an income tax refund if they had one coming?About 940,000 people, it turns out — because they haven’t filed returns for the 2020 tax year, even though they may be due money back for that year. But there’s still close to a month left to file and collect the refunds. The Internal Revenue Service estimates that the typical refund for the people in this group is more than $900.“There’s money remaining on the table for hundreds of thousands of people who haven’t filed 2020 tax returns,” the I.R.S. commissioner, Daniel Werfel, said in a statement. The deadline…

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David Zaslav, the chief executive of Warner Bros. Discovery, received $49.7 million in compensation last year, a 26 percent increase from the previous year, according to a proxy statement filed on Friday with the Securities and Exchange Commission.It is common for chief executives in media to receive lavish pay packages. Mr. Zaslav’s compensation for 2023 is notable, however, because Warner Bros. Discovery is not exactly a portrait of health. Losses totaled $3 billion in 2023, which was actually an improvement from $7 billion in losses the year before. Revenue fell 4 percent, largely because of the company’s atrophying cable television…

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Lars Fruergaard Jorgensen has a problem: Too many people want what he’s selling.Mr. Jorgensen is the chief executive of Novo Nordisk, the Danish drugmaker. Even if the company isn’t quite a household name, the TV jingle for its best-selling drug — “Oh-oh-ohhh, Ozempic!” — might ring in your ears. Across the United States, Novo Nordisk’s diabetes and weight-loss drugs, Ozempic and Wegovy, have soared to celebrity status and helped make the company Europe’s most valuable public firm. It can’t make enough of the drugs.Mr. Jorgensen’s problem is one many top executives wouldn’t mind, but the success caught him off guard.…

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As the sun sets over the harbor in Kalundborg, a small town about 60 miles west of Copenhagen, light streams through the glass walls of Shaun Gamble’s cafe and bathes his afternoon customers in a warm glow. It’s an enviable location — on the water, next to a large playground — except for the fact that little else is nearby.That is expected to change soon as the town benefits from America’s scramble for weight-loss drugs.Nearby, at a sprawling manufacturing plant, Novo Nordisk makes nearly all of its semaglutide, the active ingredient in the company’s wildly popular diabetes and obesity treatments…

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Ozempic and Wegovy, the diabetes and weight-loss drugs, have soared to celebrity status in the U.S. But Novo Nordisk, the Danish company behind them, can’t make enough of them. The New York Times reporter Eshe Nelson went to the drugmaker’s headquarters to see how the company is transforming to deal with the global fame and demand.

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In a landmark victory for organized labor, workers at a Volkswagen plant in Tennessee have voted overwhelmingly to join the United Automobile Workers union, becoming the first nonunion auto plant in a Southern state to do so.The company said in a statement late Friday that the union had won 2,628 votes, with 985 opposed, in a three-day election. Two earlier bids by the U.A.W. to organize the Chattanooga factory over the last 10 years were narrowly defeated.The outcome is a breakthrough for the labor movement in a region where anti-union sentiment has been strong for decades. And it comes six…

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China’s car shipments to foreign markets have quintupled in the past four years. Its solar panels dominate global markets. Even exports in labor-intensive industries like furniture making, which China was once expected to lose to lower-wage countries, are surging.American and European leaders have become increasingly vocal that a flood of Chinese exports is swamping their markets. Developing countries like India and Brazil are joining them in starting to put limits on purchases from China. Rich and poor countries alike fear that many of their factories may need to close, unable to compete with newer, more automated ones in China.But China’s…

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Her starting pay for the Fever — the Women’s National Basketball Association team that selected her as the No. 1 draft pick on Monday — is part of a four-year contract that will total $338,056. But to some fans, it still seemed startling low for someone with her star power — especially compared with what her male counterparts in the National Basketball Association make.Bryan Anselm for The New York Times

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In the month since federal authorities announced an outbreak of bird flu on dairy farms, they have repeatedly reassured the public that the spate of infections does not impact the nation’s food or milk supply, and poses little risk to the public.Yet the outbreak among cows may be more serious than originally believed. In an obscure online update this week, the Department of Agriculture said there is now evidence that the virus is spreading among cows, and from cows to poultry.Officials in North Carolina have detected bird flu infections in a cattle herd with no symptoms, The New York Times…

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Opening arguments in former President Donald J. Trump’s criminal trial will not start until next week, but media coverage of the proceedings has already been met with partisan furor.Jury selection, which began on Monday, produced a full 12-person panel by Thursday and ended Friday with the selection of alternates. Over the course of the week, many conservatives claimed that the selection process had been rigged against Mr. Trump, while some progressives argued that the press was releasing too many details about possible jurors, putting them in potential danger.Journalists and commentators covering the trial, being held in Manhattan, face a tricky…

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