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Shanghai to reopen as COVID-19 cases drop

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Authorities in China have announced some COVID-19 lockdown measures in Shanghai will be lifted from Wednesday this week, in a much needed reprieve for business and the global supply chain

Authorities are now introducing plans to support the city’s economy, which has been hit hard by the restrictions.

The commercial centre has been under a strict lockdown for almost two months.

Meanwhile, Beijing has reopened parts of its public transport system as well as some shopping malls as the number of infections ease.

The announcement in Shanghai came as official figures showed new daily coronavirus cases fell to 122 from 170 over the previous 24 hours.

Companies will no longer need to be on a “whitelist” to resume production starting from June 1. 

The city is now looking at how to revitalise Shanghai.

Additional help for businesses will include allowing firms to delay insurance and rent payments, as well as subsidies for utility charges.

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TikTok’s fate in the United States

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TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity

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The ongoing alcohol related research many ignore

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New research shows the impact of alcohol on our gut microbiome.

Alcohol affects gut microbes, potentially leading to gut imbalance and heightened cravings.

Research suggests moderate drinkers have healthier gut microbiomes. While red wine consumption may enhance gut diversity, similar benefits can be found in plant-based and fermented foods. Dysbiosis may worsen addiction, highlighting the need for holistic approaches to treatment.

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How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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