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United fires hundreds of unvaccinated crew

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United Airlines has begun the process of laying off unvaccinated workers

The airline will terminate roughly 600 employees — less than 1 percent of its workforce — who refused to comply with the company’s COVID-19 vaccine mandate.

United announced the news in a statement to its website.

The Chicago-based airline stated that 99 percent of its workforce provided proof of vaccination prior to a Monday deadline.

United will move to fire those who did not seek an exemption or provide proof of vaccination, however the carrier will give them one more chance to comply with the mandate during the separation process.

“This was an incredibly difficult decision but keeping our team safe has always been our first priority,”

United Airlines CEO Scott Kirby and President Brett Hart wrote in a memo to employees Tuesday. 

The percentage of vaccinated United employees excludes the less than 3 percent of the company’s 67,000 employees who sought a religious or medical exemption.

Six employees filed a lawsuit against the airline last week over its policy to put exempt employees on unpaid leave.

United is the only one to fire crew

Of the top four U.S. airlines, United is the only operator to fire employees who do not comply with a vaccine requirement.

Delta Air Lines will enact a $200 monthly surcharge on unvaccinated employees, while American Airlines and Southwest Airlines are only encouraging employees to get the shot.

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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