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Tech Surge Lifts Nasdaq as Inflation and Bank Earnings Weigh on Dow

  U.S. stocks traded mixed on Tuesday as investors digested fresh inflation data and the kickoff of bank earnings season. The Nasdaq Composite jumped 0.8% , powered by a rally in semiconductor stocks, while the Dow Jones Industrial Average slipped 0.3% amid concerns over rising prices and uneven financial sector results. Key Drivers: Nvidia (NVDA) soared nearly 5% after announcing plans to resume AI chip sales to China, following a green light from the U.S. government. The move sparked a broader rally in chipmakers, with AMD and Micron also posting strong gains. The Consumer Price Index (CPI) rose 0.3% month-over-month and 2.7% year-over-year in June, signaling a slight acceleration in inflation. Core CPI, excluding food and energy, climbed 2.9% annually. Bank earnings painted a mixed picture: JPMorgan and Citigroup beat expectations, while Wells Fargo fell short, cutting its net interest income forecast. BlackRock also reported record assets under management but saw its ...

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CMA Advocates for End to Sick Note Requirements: A Step Towards Better Healthcare Efficiency

 

The Canadian Medical Association (CMA) has recently called for the elimination of sick note requirements by employers for short-term minor illnesses. This move aims to reduce the administrative burden on physicians and improve patient care. According to the CMA, the current practice of requiring sick notes for minor illnesses diverts valuable time and resources away from patient care, creating unnecessary strain on the healthcare system.

In a new position paper, the CMA recommends legislative changes to restrict the requirement for sick notes and promote alternatives such as self-certification and flexible leave policies. These changes are expected to enhance healthcare efficiency by preventing millions of unnecessary healthcare interactions annually.

The CMA’s call for action highlights the need for a more streamlined approach to managing minor illnesses in the workplace, ultimately benefiting both employees and the healthcare system.


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