By DAVID BAUDER / ASSOCIATED PRESS The arrest of an executive at The Epoch Times in a money-laundering scheme this week has drawn attention to a media outlet that has lived largely in the shadows since its founding in 2000 and a transformation during the Trump administration. Federal prosecutors in New York charged Weidong “Bill” Guan of […]
Business, Economy & Workers
Posted inBusiness, Economy & Workers, Westside Albuquerque
Alzheimer’s drug that can slow disease gets backing from FDA advisers
By MATTHEW PERRONE / ASSOCIATED PRESS A closely watched Alzheimer’s drug from Eli Lilly won the backing of federal health advisers on Monday, setting the stage for the treatment’s expected approval for people with mild dementia caused by the brain-robbing disease. Food and Drug Administration advisers voted unanimously that the drug’s ability to slow the disease outweighs […]
Posted inBusiness, Economy & Workers, New Mexico Statewide News, Westside Albuquerque
End of an era for Virgin Galactic commercial flights
By DANIELLE PROKOP / Source NM Virgin Galactic launched its seventh, and last flight with the Unity ship, out of the New Mexico Spaceport Saturday. The four passengers on the commercial flight and two experiments from Purdue University and University of California Berkeley. The four customers were Turkish researcher Tuva Atasever; SpaceX propulsion engineer Andy Sadhwani; […]
Posted inBusiness, Economy & Workers, Westside Albuquerque
US hiring and wage growth picked up last month in sign of sustained economic health
By CHRISTOPHER RUGABER / Associated Press America’s employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates. Last month’s sizable job gain suggests that the economy is still growing steadily, propelled by consumer spending on travel, […]
Posted inBusiness, Economy & Workers, New Mexico Statewide News, Westside Albuquerque
Judge dismisses Native American challenge to $10B SunZia energy transmission project
By SUSAN MONTOYA BRYAN / Associated Press A U.S. district judge has dismissed claims by Native American tribes and environmentalists who sought to halt construction along part of a $10 billion energy transmission line that will carry wind-generated electricity from New Mexico to customers as far away as California. Judge Jennifer Zipps said in her […]
Posted inBusiness, Economy & Workers
Driving Growth
Bernalillo’s new director of economic and community development says she hopes to revitalize the town and its Main Street. Christina Jones was appointed as the town’s economic development officer in February, succeeding Mike Kloeppel, who served in the position for seven years before becoming the town’s recreation director. Originally from Albuquerque, Jones has lived in […]
Posted inBusiness, Economy & Workers, Westside Albuquerque
Valles Caldera Seeking Food Vendors for 2024 Summer Season
The National Park Service is looking to expand visitor services at Valles Caldera National Preserve this year by working with local food vendors to offer different New Mexican cuisines. Currently, there are only light snacks available at the park. This makes it difficult to provide a comprehensive visitor experience, especially to out-of-town visitors arriving at […]
Posted inBusiness, Economy & Workers, Pueblos
‘It’s About Recognizing the Community We Get to Live In’
After a yearslong hiatus, the village of Placitas business community rallied to bring back Placitas Appreciation Day. The Placitas Chamber of Commerce has been the driving force behind the community event for the past two decades, and then the COVID pandemic hit, effectively shutting it down. “After taking a break for a few years, we […]
Posted inBusiness, Economy & Workers, New Mexico Statewide News, Westside Albuquerque
Need a pharmacy? These states and neighborhoods have less access
Opening stores used to mean everything to pharmacy chains. CVS Health once boasted of opening or buying more than 2,900 locations in a five-year period. Now it’s shuttering hundreds, while Walgreens, Rite Aid and independent drugstores also pull back. An industry that saw waves of store growth before the COVID-19 pandemic faces headwinds like falling prescription reimbursement, persistent […]
Posted inBusiness, Economy & Workers, Westside Albuquerque
Ambulance services for some in New Mexico will rise after state regulators approve rate increase
SANTA FE, N.M. (AP) — Ambulance rates will rise for some in New Mexico, particularly those without health insurance after state regulators approved a rate hike for a Presbyterian-affiliated nonprofit ambulance company. The Santa Fe New Mexican reported that Albuquerque Ambulance Service cited rising labor costs and inflation when it applied for the rate increase that resulted […]