Week in Business: A Milestone in Space Tourism

SpaceX rocket carrying four Americans Launched Wednesday from Kennedy Space Center in Florida. Orbital spaceflight was the first to only carry passengers who were not professional astronauts, a milestone for the space tourism industry. In addition to SpaceX, which was founded by Elon Musk, Jeff Bezos’s Blue Origin and Richard Branson’s Virgin Galactic plan offered commercial space flights. But the latest flight was marred by Mr Bezos and Mr Branson’s little jaundice taken to space in July. The crew circled the planet for three days.

House Democrats on Monday issued a plan To finance President Biden’s $3.5 trillion proposal to strengthen the social safety net — or at least some of it. The proposed tax measures could add up to $2.9 trillion over 10 years, but stop short of more aggressive measures already proposed by Mr. Biden and Senate Democrats. involve in planning: increase in the top tax rate from 37 percent to 39.6 percent for married couples with taxable income of more than $450,000 and singles earning more than $400,000; increase in the top capital gains rate from 20 percent to 25 percent; a new additional tax of 3 percent for Americans with an adjusted gross income of more than $5 million; and a graduation rate structure that would raise taxes for large companies and cut them for small businesses. progressive senator criticized the plan To target income rather than wealth. the goal of the approach very rich instead of people with huge fortunes.

Apple on Tuesday introduced new versions of its iPhone, iPad and Apple Watch. Its prices for these products remained mostly the same, As did most of the devices themselves. company hopes That by adding features and making minor improvements to the design, customers will continue to buy its products. The new iPhones have brighter screens, longer battery life, and more powerful cameras and computer processors, but largely perform like last year’s models. NS apple watch Has a larger display area and changes to make it more durable, and give the iPad lineup a more important updates. The strategy is working so far: the iPhone is on sale explosions during the pandemic.

Last month, President Biden announced a plan Offer the third shot of the Kovid-19 vaccine As early as September 20 for most Americans. But the plan has been in flux as scientists debate Are booster shots necessary?. Administration is already delaying the plan to give booster For those receiving Moderna Vaccine Regulators said they need more time to decide on an appropriate dosage for the third shot. On Friday, an advisory to the Food and Drug Administration, the agency responsible for authorizing vaccines, unanimously recommended a booster shot of the Pfizer vaccine for Pfizer vaccine recipients. who are 65 years of age or older or at high risk of severe COVID-19. Earlier on Friday, the advisory panel voted against a broad recommendation that booster shots be available to people 16 and older. Although the FDA is not required to follow the recommendations of its advisors, it usually does. The agency may take a decision in the coming days.

The Federal Reserve meets to discuss monetary policy this week, and that meeting could be an important one. Many economists expect the Fed to reveal details about how and when it plans to shut down bond-buying program, one of several policies designed to reduce the economic impact of the pandemic. John C. Williams, chairman of the Federal Reserve Bank of New York, indicated this month that Central bank may start the process before the end of the yearEven if the job market is slow. The Fed will also release new economic projections, indicating how much and how soon it expects high inflation To become weak.

After a streak of record highs, the stock market saw more uncertain this month. It’s understandable, big questions are likely to be answered in the coming weeks, including whether the Fed will begin to withdraw its economic support, whether Congress will raise the federal borrowing limit Before potential defaults and final details of the infrastructure spending package – and how it will be funded.

Senator Elizabeth Warren told the Fed break wells fargo. Walmart will Start testing self-driving delivery service With Ford Motor. people in the United States Spending $40 billion annually on bird-watching. And the 73rd Emmy Awards for Best Television Program airs this Sunday on CBS.

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