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We continue to see encouraging economic developments, including strong job growth and lower energy prices. First, consumer price data showed headline inflation was 0.0% last month. This moderation compared to the previous month was driven by falling gas prices and lower prices for clothing, airline tickets, electronics, used cars and more. Second, today’s new data show declining prices that producers pay to make the goods and services that consumers and businesses buy, such as gasoline, jet fuel, iron and steel. And third, the national average price of a gallon of gas fell below $4 today. This provides much-needed breathing space…

The chairman of South Korea’s Financial Services Commission said the regulator plans to speed up the review of 13 pending bills in the country’s National Assembly related to digital assets. According to a report Thursday by South Korean news channel Edaily, Financial Services Commission Chairman Kim Joo-hyun said a task force made up of private experts and government ministries will “rapidly” review proposed cryptocurrency legislation. Kim, addressing the Digital Assets Committee, added that the financial watchdog “will make institutional supplements that take a balanced approach to blockchain development, investor protection and market stability.” “Even before the legislation, we will introduce…

News releaseAugust 11, 2022 Contact information Excessive alcohol consumption cost Minnesotans nearly $8 billion in 2019, according to a new Minnesota Department of Health (MDH) study released today in American Journal of Preventive Medicine. The study found that the biggest financial cost fell on heavy drinkers and their families, as well as the government and health insurance providers. Other parts of society, including employers, were also found to experience negative impacts from excessive alcohol consumption. “Excessive alcohol consumption can significantly affect individual health, but it also comes at a cost to families, communities and the health care system,” said Minnesota…

ATLANTA–(BUSINESS THREAD)–Virios Therapeutics, Inc. (Nasdaq: VIRI), a development-stage biotechnology company focused on advancing novel combination antiviral therapies to treat debilitating chronic diseases such as fibromyalgiatoday announced financial results for the second quarter ended June 30, 2022. Key aspects and upcoming milestones Patient dosing in the Phase 2b FORTRESS fibromyalgia study has been completed. First-line FORTRESS results are expected in September 2022 “Data published earlier this year provide evidence of a mechanistic correlation between activated herpes viruses and patients suffering from fibromyalgia (FM) and comorbid functional gastrointestinal disorders,” said Greg Duncan, president and CEO of Virios Therapeutics. “Furthermore, evidence had been…

TORONTO–(BUSINESS THREAD)–Goldmoney Inc. (TSX:XAU) (US:XAUMF) (“Goldmoney” or the “Company”), a precious metals technology and financial services company, today announced financial results for the first quarter ended June 30, 2022. All amounts are in Canadian dollars unless otherwise noted. Financial highlights Group tangible capital of $129.5 million, an increase of $2.2 million, or 2% year-on-year (“YoY”). Group equity per share of $1.73, up $0.05 or 3% year-on-year. Precious metals group position consisting of coins, bullion and bullion-denominated loans of $64.3 million, up 19% year-on-year. Tangible capital adjusted to gold per 100 shares of Goldmoney Inc. of 2.35 grams. It repurchased a…

ATLANTA–(BUSINESS THREAD)–New consumer data shows greater need for financial advice across generations. I understand, the leading cloud technology platform for financial advisors, today released the results of our recently commissioned online survey conducted by The Harris Poll. More than 2,000 American adults were surveyed about their attitudes regarding their current financial situation and where professional help is needed. The main findings of the survey include: 69% of Americans are worried about their current financial situation; 64% of Gen Z (ages 18-25), 81% of Millennials (ages 26-41) and 75% of Gen X (ages 42-57) are worried about their current financial situation…

TEWKSBURY, Mass.–(BUSINESS THREAD)–Engagewarethe industry’s leading provider of customer engagement solutions, announced today in Pasadena, California, LA Financial Credit Unionhas strategically created new operational efficiencies and improved the employee experience with the deployment of Engageware’s Employee knowledge management solution to its worker base. After the launch of Engageware’s Customer self-service In April 2021, LA Financial implemented employee knowledge management to provide employees with centralized access to consistent and reliable information to better serve members. This positions credit union employees for success while elevating the experience for both employees and members. Employee knowledge management helps drive the credit union’s broader strategic initiatives…