Ukraine began to see success in its anticipated counteroffensive against Russia as the country marked the 200th day of the war Sunday. Officials claimed Ukraine’s military has pushed Russia’s troops back to the eastern border and reclaimed several more villages on Monday. Ukrainian forces have also retaken about 500 square kilometers of southern territory in the past two weeks. Russia struck power plants and caused blackouts in the northeast as the country vowed to regain its recent losses.

The U.S. labor force shrank by 500,000 people due to COVID-19-related illnesses, according to a new study. The economic impact will likely persist if workers continue to get sick at current rates. Consumer sentiment on the economy inched up in recent weeks as inflation appears to be easing, though just over half of Americans last month said price increases have caused financial hardship for their households. The Federal Reserve will look to inflation data, expected to decrease slightly from last month, ahead of a potential third interest rate hike in the coming weeks.

President Joe Biden will sign an executive order on biotechnologies Monday to bolster his administration’s efforts to cure cancer. Biden will also name the director of a new agency focused on biomedical innovation. Administration officials highlighted a need to keep the U.S. from losing dominance in biotech manufacturing against China, which has a robust biotech development program. The urgency for a consistent strategy in biotech manufacturing emerged amid the pandemic as healthcare rapidly delivered vaccines, though the U.S. will also aim to advance biomanufacturing in agriculture, energy and other industries.

Visa announced it will implement a new merchant category code for U.S. gun retailers after approval from the International Organization for Standardization. The move follows pressure from gun-control activists who say the code will help track suspicious weapons purchases. The decision is expected to spark a political firestorm around the country and debate among banks and companies about how and when to follow the new standard.

Wildfires forced 14,000 people under evacuation orders over the weekend as the western United States continues to see intense heat. The Double Creek and Cedar Creek fires in Oregon have burned more than 200,000 acres combined while both are less than 15% contained. Despite rain offering some relief in Washington state, Seattle was shrouded in smoke and ash from the Bolt Creek fire burning roughly 40 miles away. Southern California also saw some relief from last week’s heat wave as a tropical storm moved in from the coast.

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Scientists formed a coalition to study the roots of long COVID with the goal of hastening research on the condition and moving quickly to begin clinical trials for potential treatments. The $15 million project, funded by scientific investment fund Balvi, has the ultimate goal of discovering a treatment for the condition, which affects roughly one in five American adults who had COVID according to the CDC. Many are unable to work as a result. Some experts expressed hope that such studies could provide insight into post-viral illnesses more broadly.

Apple CEO Tim Cook confirmed iPhones will not be switching from iMessage to RCS messaging to fall in line with Android devices, saying demand for the switch is not sufficient. Some iPhone users have complained about messaging compatibility between their devices and Android devices used by friends and family, with green bubbles and pixelated images characterizing the cross-platform exchanges. Apple sees iMessage and a lack of flexibility surrounding RCS as a competitive advantage, with iMessage locking in customers to the Apple ecosystem. Apple’s iPhones have long dominated the smartphone market, although Samsung recently snatched up market share during select quarters over the past two years.

Ivy League university Princeton said it will cover tuition for students whose families make less than $100,000 per year, with the program scheduled to begin in the fall of 2023. Under the plan, roughly 25% of the student body will pay nothing for tuition, food and housing while students from families making over $100,000 will also pay less, according to the school. Although the news is positive for students who are accepted, Princeton’s low acceptance rate means the total number of affected students will be limited. While the new tuition coverage is significant, some financial aid experts noted the news is unlikely to be significant in the higher education world as debate over student debt cancellation has taken center stage.

Consulting firm Ernst and Young announced its plan to split its audit and consulting departments into two separate companies to reduce pressure from regulatory agencies over potential conflicts of interest. Global chairman Carmine Di Sibio said the move will fundamentally change the consulting industry and provide opportunities for clients and partners. Observers predicted the split may lead to an increase in profit and services offered from its consulting arm. The news raised the question of whether other large consulting firms such as Deloitte and KPMG will follow suit, although both companies denied having any plans for a split.

Queen Elizabeth II, the UK’s longest reigning monarch, died Thursday after initial reports of her ailing health. The British crown was assumed by the Queen’s eldest son Charles who is now King Charles III. The event began a series of choreographed procedures for memorializing and transferring power to the next monarch. The Queen’s passing comes at a time of political flux for the United Kingdom following the election of Liz Truss as the new Prime Minister only days earlier. Observers noted the Queen’s passing represents the loss of a steadily neutral political actor as the country has grown more politically divided in recent years.

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U.S. health officials plan to recommend that people get COVID-19 boosters once a year in a cadence similar to annual flu shots. The announcement marks a shift from their current practice of issuing new advice every several months. The Department of Health and Human Services hosted a stakeholder meeting last week on the commercialization process for vaccines as the U.S. government transitions away from the current federally-managed COVID-19 system. Coronavirus scenarios from multiple research teams foresee stable or declining hospitalizations in early fall with the possibility of a late-fall surge.

Russia said it would halt all natural gas flows to Europe in a move that bodes poorly for economic growth as a range of European industries are being forced to slash production. The euro plunged to a 20-year low against the dollar and the British pound dropped to its lowest against the greenback since 1985. The European Union’s next steps for addressing the crisis are expected to be unveiled next week. European governments are calling for major energy-saving efforts – France will turn off street lamps and Normandy will heat some schools by wood stove in the winter. Google is expanding its Maps’ eco-friendly routing mode in dozens of European countries. Germany, employing various measures to combat the energy crisis, drew the line at limiting speeds on its fabled autobahns.

Target’s CEO Brian Cornell agreed to remain in his role for three more years after the board eliminated the company’s retirement age of 65. Target has grappled with huge shifts in shopping habits, cutting its forecast twice and seeing a large drop in quarterly profit. The average reported retirement age has increased from age 57 – where it was in 1991 – to age 61 in 2022. Later retirement ages come at a time when U.S. workers are not eligible for full Social Security retirement benefits until past age 65. The average age of CEOs is nearly 60 years old in the SandP 500.

New research found at least half of Americans now say they’re “quiet quitting” – performing only the tasks they’re required to and giving up on going “above and and beyond.” The portion of actively disengaged workers is now at 18%, the highest it’s been in nearly a decade. Among workers younger than 35, the percentage of actively disengaged employees rose by six percentage points, though women and other under-represented groups remain wary, saying they feel like they will suffer disproportionate setbacks. One effective intervention to boost engagement is for managers to have at least one in-depth conversation per week with each team member that lasts up to 30 minutes.

A game designer has sparked controversy after his artificial intelligence-generated art piece won the top spot at Colorado’s State Fair’s annual art competition. The winning artwork technically did not break any rules, but critics say it marks a threat to human artists everywhere. AI-generated art has been around for years, but new technology allows rank amateurs to create complex and photorealistic works by simply typing a few words into a box. Newsrooms debating the use of AI-generated illustrations remain hesitant, noting that these tools can be prone to encoded biases.

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CVS outbid rivals such as Amazon to acquire home healthcare company Signify Health for $8 billion. The acquisition comes as retail pharmacy companies increasingly move into the home healthcare space with Walgreens Boots Alliance buying CareCentrix Inc. last week and Amazon announcing the purchase of One Medical for roughly $4 billion. The deal will add roughly 10,000 doctors and clinicians to CVS’s ability to coordinate healthcare for U.S. customers. Observers noted the purchase suggests the company wants to become a primary care provider for customers rather than remaining a provider of pharmaceuticals and toiletries.

Oil producer coalition OPEC+ announced an agreement to cut oil production by 100,000 barrels per day, backtracking on an increase approved last month. The alliance’s move suggests the member states want to stabilize global markets, and while “inconsequential” in terms of volume, shows the group is closely monitoring prices. The announcement caused a surge in oil prices and came as Russia and the West entered into an energy dispute. Russian oil company Gazprom recently announced an “indefinite” shutdown of gas supplies to Europe through its Nord Stream 1 pipeline.

Rishi Sunak was defeated by conservative candidate Liz Truss in the contest to become Britain’s new prime minister, assuming leadership as the country faces fierce economic headwinds. Her immediate challenges include addressing the cost-of-living crisis in the UK and steering the economy through a likely recession. One of the first moves expected from Liz Truss is a significant energy package for businesses in the UK as well as a cap on household energy bills. Liz Truss said she will institute tax cuts as part of her plan to grow the economy, and unlike her predecessor Boris Johnson, has expressed a more favorable view of social spending to support the country’s economic health.

California’s power grid came under pressure from a significant heat wave over Labor Day weekend with a number of locales hitting record temperatures in the triple digits. Rolling blackouts are expected this week after grid operators avoided grid shutdowns on Monday, highlighting the challenges of power grids affected by extreme weather events. The heat wave comes at a bad time for the state as the threat of wildfires looms large following prolonged drought conditions across a number of Western states. Weather experts called the heat wave the worst in the West’s history with heat warnings issued across six U.S. states and parts of Canada reporting record-breaking temperatures.

Social media app TikTok reportedly suffered a hack with roughly 2 billion user database records stolen, according to cybersecurity researchers who discovered the attack. The news prompted experts to warn users to update their login credentials and enable two-factor authentication for their accounts. Although TikTok denied the attack took place, claiming the images hackers shared as proof are publically accessible, the hackers warned they may sell the data and stolen code or release it to the public. Experts said the attack highlights the popular app’s attractiveness as a target for hackers and could contribute to the U.S.’s recent push to combat Chinese companies.

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The National Labor Relations Board recommended that tech giant Amazon’s objections to votes by the Amazon Labor Union be blocked, a win for workers in what is so far, the only successful union push seen at an Amazon warehouse in the U.S. Amazon is among companies like Starbucks, Trader Joe’s and Apple, which have all faced union battles with workers over the past year. This year’s Labor Day, for the first time in almost 25 years, is seeing a significant increase in union elections – a number that has declined longterm since the 1970s. Megacorpations, especially in retail and tech, have long kept out unions, but support among employees is surging.

Off-duty pilots representing six U.S. airlines are planning an “informational” picket line Thursday at airports nationwide to demand better working conditions ahead of the busy Labor Day weekend. Pilots say improving their work conditions is key to assuaging the travel woes that passengers have experienced this year – in the first half of the year, on-time arrival rates dropped for nearly every major airline and customer complaints surged. Lufthansa canceled 800 flights Friday after pilots of Germany’s biggest carrier staged a strike over better pay.

State and federal officials, along with voting rights advocates, are sounding the alarm over a growing exodus of local election officials ahead of the November midterms. In Kentucky, 23 of the state’s 120 county election clerks opted not to seek reelection this year and officials in Texas have seen a 30% turnover among their election officials since 2020. Election officials often deal with long work hours, staff shortages, limited resources and abusive phone calls – issues that some say have been exacerbated by the pandemic.

Twitter announced plans to roll out a highly-requested edit button to paying Twitter Blue subscribers later this month but notes the feature will only be available for 30 minutes after posting a tweet. Twitter has struggled to monetize on its platform – its tip jar feature launched in 2021 never took off and more recently, the social media giant scrapped its idea of allowing adult content creators to sell OnlyFans-style subscriptions. Twitter made headlines recently for its continued legal battle with Elon Musk after the Tesla CEO rescinded his offer to buy the social media platform.

For the first time in 60 years, Zimbabwe embarked on an internal movement of more than 2,500 wild animals as the consequences of climate change replace poaching as the biggest threat to wildlife. Across Africa, national parks that are home to species like lions, elephants and buffaloes are increasingly threatened by below-average rainfall and new infrastructure projects. Ecologists in the U.S. are trying to “re-wild” the American West by reintroducing beavers and wolves – two animals with significant ecological benefits - to public lands, arguing the move would set the region up to be more resilient to climate change and help biodiversity.

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The average life expectancy of Americans fell in 2020 and 2021, the sharpest two-year decline in nearly 100 years. In 2021, the average American could expect to live until the age of 76 with even steeper declines among some minority groups like Native Americans and Alaska Natives. Mortality rates were driven primarily by COVID-19 as well as overdoses but offset in part by decreases in deaths attributed to the flu and pneumonia. The higher rate of deaths in the category that includes overdoses reflects poorer access to treatment for many minority groups, especially those who are contending with the spread of fentanyl.

U.S. jobs openings and a consumer confidence gauge both topped forecasts, pointing to a strength in household and labor demand that risks sustaining inflationary pressures and raises the prospect for another interest-rate hike by the Federal Reserve. The report also indicated firmer buying plans for appliances and cars, while the jump in job vacancies underscored the persistent tightness in the labor market. The U.S. economy in July recouped the 22 million jobs it lost at the start of the COVID-19 pandemic, but the labor force remains smaller than it was leaving some businesses to deal with staffing shortages.

Resistance to nuclear power is beginning to ebb globally in the wake of unreliable electrical grids and fears about national security, forcing politicians around the world to confront the long-standing stigma surrounding nuclear plants. California’s last remaining power plant is seeing support from Gov. Gavin Newsom – a longtime opponent – after years of the state enduring rolling power outages. Germany is now debating whether to keep some plants open and Japan’s prime minister called for the reopening of idled nuclear reactors.

Republican candidates are trying to deemphasize the hardline anti-abortion stances they took during the primaries and some GOP nominees are curbing their focus on voter-fraud conspiracies and other far right or Trump-centered topics. The longstanding practice of candidates modifying their rhetoric for general-election audiences is common, but critics say this year’s messaging switch is unprecedented as bold language disappears entirely from candidates’ websites. At least nine Republican congressional candidates have scrubbed or amended references to former president Donald Trump or abortion from their online profiles ahead of the post-Labor Day sprint to Election Day.

Goldman Sachs Group will lift pandemic-era protocols at its offices effective early September, according to an internal memo. The move reflects updated guidance from the Centers for Disease Control and Prevention, which no longer distinguishes between vaccinated and unvaccinated individuals. Morgan Stanley told its New York staff that it will end tests and control measures last week. The CDC’s updated COVID-19 guidelines brought the country’s epidemic into what some call a soft landing, shedding the previously-required quarantine recommendation and prompting employers to reassess existing policies.

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U.S. households will install a record amount of solar this year to help cut electricity bills, with residential solar installations increasing by about 5.6 gigawatts in 2022. Higher electricity prices and tax credit extensions in the Inflation Reduction Act are fueling the rebound in residential solar adoption. The tax credits contained in the bill are expected to help double the capacity of installed wind and solar by 2030. First Solar, the biggest U.S. solar-panel maker, said it plans to spend as much as $1.2 billion to boost manufacturing capacity at home by about 75%.

The Greenland Ice Sheet is on course to lose hundreds of trillions of metric tons of ice and contribute close to a foot in average global sea level rise by 2100, regardless of the magnitude of greenhouse gas emissions cuts during the period. Current sea level rise has already exacerbated coastal flood events in cities like Miami and Charleston and an increase could mean destructive floods taking place five times as often. Water-related natural disasters could cause a $5.6 trillion hit to global GDP between 2022 and 2050, a new study found. All natural disasters combined in the past 50 years have caused $3.6 trillion in losses worldwide.

A group of large U.S. freight railroads reached tentative agreements with unions representing about 11% of workers in an effort to avoid a widespread strike. The White House and federal regulators have been scrambling to prevent a possible strike from jamming up a vital part of the supply chain network, stemming back to July when the Biden administration formed a presidential emergency board to keep 115,000 rail workers across the country from striking. The most recent settlement would include a 24% pay bump, succeeding three years without a raise. While the settlement marks a historic development, critics say it fails to address one of the biggest concerns – overwork and lack of time off.

An arm of the U.S. Agriculture Department attempted to roll out its updated system for reporting weekly export sales last week, releasing numbers that diverged widely from expectations and were later redacted. The garbled government data concerned traders, who worry bungled reports could add uncertainty to an already turbulent market. The pandemic underscored how essential current and accurate government data is and experts forecast the amount of data will increase exponentially as IoT devices and sensors become standard infrastructure. State and local governments are continually looking for ways to migrate services to the cloud, a trend that now represents one-sixth of all government tech funding opportunities.

Investors have struggled to find havens during 2022’s market tumult, with some turning to investments that mitigate risk in exchange for less reward. These “buffer funds'' have attracted roughly $6 billion in inflows this year, already doubling last year’s record inflow of $3 billion for the entire year. The stock market has faced a rocky year, with high inflation, rising interest rates and threats of recession contributing to its dismal performance. Stocks took a nosedive Friday after Federal Reserve Chair Jerome Powell indicated the central bank would continue raising interest rates, inciting pushback from Senator Elizabeth Warren who said The Fed will tip the U.S. economy into a recession.

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NASA’s new moon rocket Artemis I launch was scrubbed Monday morning following fueling and inclement weather complications at Florida’s Kennedy Space Center. The next launch attempt will not take place until Friday at the earliest. The mission was set to have no astronauts aboard, but if successful, would shepherd NASA’s campaign to send astronauts back to the moon in coming years. NASA officials said the moon missions are central to its human spaceflight program and are not simply a do-over of the Apollo moon landings from 1969 to 1972. The Artemis program has enjoyed strong bipartisan political support and the planned Monday launch drew large crowds of spectators in Florida’s Brevard County.

The U.S. government will end its giveaway of COVID-19 at-home tests Friday due to insufficient congressional funding. A senior Biden administration official said a stockpile of the tests is being depleted and officials want to have enough on hand in the event of a fall surge. The Biden administration announced last week it intends to end its practice of paying for COVID-19 shots and treatments, shifting more control of pricing and coverage to the healthcare industry. A new federal report found the expiration of the COVID-19 public health emergency could lead to approximately 15 million people losing Medicaid coverage.

A mint condition Mickey Mantle baseball card became the most valuable piece of sports memorabilia to be sold at auction, notching $12.6 million Sunday morning. The sale of the baseball card marks a new high for the sports collectible market, one that has been booming in recent years, especially since the beginning of the pandemic. The market – set to hit $227 billion by 2032 – is seeing a large push by NFT sports collectibles, spurred by millennial and Gen Z collectors and increased interest from international purchasers.

North American companies snapped up a record number of robots in the first half of this year as they struggled to keep factories and warehouses running in the face of an extremely tight labor market. Companies ordered 25% more units than during the same period a year ago, setting up the North American robotics market for its best first half ever. The shift to automation has prevailed globally; China, South Korea and Japan have all embraced robot adoption and electric cars are expected to provide another tailwind to the industry.

Live events and theme parks are offering a lifeline to entertainment giants struggling with Hollywood’s recession. Disney’s most recent earnings show how the strength of its parks could help mitigate investor concerns over its streaming business and its executives attribute the parks as a vital part of Disney’s pandemic-recovery story. Over the last two years, nearly a fifth of streaming subscribers have canceled three or more subscriptions, prompting streaming giants to explore alternative revenue streams. Netflix announced it would roll out an ad-supported tier, estimating it could generate an additional $2.2 billion in annual revenue by 2027.

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Ukraine’s largest nuclear power plant was cut off from the rest of the country’s energy grid on Thursday, setting off a mass power outage in the surrounding region. The threat of a nuclear catastrophe in Ukraine – which relies on nuclear power more than almost any other country – is worsening the global energy crisis, forcing European countries into a paradox as they seek an alternative to Russia’s fossil fuel. Meanwhile, officials in the U.K. said that households should expect an 80% increase in their annual energy bills due to the soaring price of wholesale natural gas.

The state of California has approved a ban on the sale of new gasoline-powered cars by 2035, a step that advocates say will dramatically cut the state's climate-warming emissions and speed the transition to electric vehicles. The ban will not prevent people from using gas-powered vehicles or apply to the used car market. Major automakers were receptive to the move, following their own aggressive targets that match the state action, although experts say the mass production of affordable electric cars is a long road ahead.

Cybercriminals have stolen over $100 million in NFTs over the last year, underscoring their rising interest in blockchain-based assets. Platforms that use NFTs also face a growing threat of attack from sanctioned entities and state-sponsored groups, according to a new report. Researchers warn that the metaverse – the home of many NFTs as a means of defining digital property – could become a platform for cyber threats in an alternative Darkverse.

T-Mobile is teaming up with SpaceX in the hopes of ending cellphone dead zones. The wireless carrier will use Elon Musk-owned SpaceX's Starlink satellites to establish an entirely new network, which would eliminate the need for additional cell towers. The new service would cover remote areas of the U.S. where there currently is no coverage – a major need for firefighters and other emergency services.

Global traders canceled their happy hours and dinner plans in anticipation of Jerome Powell’s speech on Friday, underscoring how the Federal Reserve chairman’s comments could reshape views on the path of monetary tightening around the globe. From South Korea to Australia, market participants will be looking for clues about how the central bank will seek to bring down inflation down from a 40-year high.

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The Federal Reserve’s annual conference near Jackson Hole, Wyo. is getting special scrutiny this year as investors grasp for hints at what the Fed’s next move on inflation will look like. Fed watchers anticipate this year’s meeting will both dissect what has gone wrong and provide an economic outlook two years into a new framework that was supposed to overhaul how the Fed conducts monetary policy. Stock futures rose Thursday but economists are expecting volatility following Federal Reserve Chairman Jerome Powell’s address – investors have historically paid close attention to the Fed chief’s remarks.

Scouts on a tour through the Midwest are finding the country’s corn crop stunted and browning from rough conditions throughout the season, prompting a growing concern over a production deficit. Markets are already reacting to a potential corn shortage, pushing prices higher and exacerbating concerns about global food inflation. The U.S. is the biggest producer and exporter of corn, which is used in everything from animal feed to biofuels and sweeteners. Nearly three-quarters of U.S. farmers say this year’s drought has hurt their harvest and farmers in Texas reported having to sell their cattle herds earlier than normal as hot weather dries out water sources and grass burns up.

Drought conditions at a state park near Fort Worth, Texas exposed dinosaur tracks from around 113 million years ago that were previously hidden underneath the Paluxy River. Similar tracks have been found in British Columbia and South America and the new find offers educators and researchers increased insight into dinosaur behavior. The extreme drought prompted a dip in water levels across key water reservoirs and revealed other discoveries, including human remains and a ship dating back to the second world war.

President Joe Biden on Thursday will stage his first political rally in the final stretch to the November midterm congressional elections, looking to give Democrats a boost and prevent Republicans from taking control of Congress. While midterm elections are fast approaching, potential 2024 candidates have begun making appearances in battleground states. Analysts say the FBI’s search of former President Donald Trump’s residence at his Mar-a-Lago club in Florida combined with the growing pressure on other fronts has established lanes in a 2024 field that Trump can expect to share with other politicians like Sen. Ted Cruz, Gov. Ron DeSantis and former Vice President Mike Pence.

A government-led lab in the U.K. is working to create a new, more resilient way for the country to measure time. The U.K., like other countries, has relied on global navigation satellite systems to tell time. The U.S. The Department of Homeland Security said the incapacitation of any one of the communications that rely on standardized time would impact economic security and public health and safety as fears that this system could be disrupted or fail increase. Society continues to lean further into a dependency on accurate time for services like mobile networks, energy grids and emergency response.

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