Two of the news medias most controversial figures are now without a job. Following its $787.5 million settlement with Dominion Voting Systems, Fox News parted ways with Tucker Carlson on Monday. On the same day, CNN fired Don Lemon, whose time at the network was marred by controversy both on and off camera.

These two hosts differ in many ways, from ideology to their relationships with the facts. But taken together, in light of their shared fates, they represent a microcosm of a media landscape that thrives on division and outrage. Carlson was the top-rated prime-time news host and CNN This Morning saw a ratings increase following Lemons return to co-hosting duties. News outlets must satisfy ratingsand nothing drives clicks more than conflict. Today, many would agree that the tenor of news has shifted too far towards sensationalism and partisanshipand it appears the networks themselves might be on the precipice of an introspective moment.

Our latest research found that, in the lead-up to the 2022 midterms, the most hyper-partisan politicians received more than four times as much media coverage as the most bipartisan politicians. The study by the nonpartisan organization Starts With Us (SWU) used the Common Ground Scorecarda tool from Common Ground Committee that measures how likely an elected official is to work across the aisle. This discrepancy shows that bipartisan problem-solvers are too often left in the dust while Americas top news outlets give undivided attention to the loudest voices.

As former tech and media executives who are now working to reduce polarization in our country, we believe this is a critical moment to shift what gets covered and who covers it. With two prominent conflict entrepreneurs out of the picture, CNN and Fox can either maintain the status quo and bring in carbon copies who will continue stoking anger and division, or they can chart a new course that not only turns down the temperature but also stands to capture a sizable market. We know this market exists because every day, we come across people who are exhausted by the rancor that todays media environment promulgates.

The networks arent the only ones with a role to play in making change. Now that there are two empty seats at Americas largest cable networks, citizens must tap into their power and help decide who comes next.

Sensationalist news is like junk food. It is fun to consume and cheaply satisfying. That is why hosts like Carlson and Lemon have historically been a boon to ratingsand its why 10 times more Americans have heard of Rep. Marjorie Taylor Greene than Rep. Don Bacon, according to the SWU study. But just because we like eating candy, it does not mean that is all we want. In fact, there is ample evidence that shows people want more balanced, solutions-oriented news coverage.

A new study from More in Common found that 63% of Americans believe the media should report on solutions as much as problemsand 88% want to celebrate what is right rather than criticize what is wrong. The same organizations research discovered that two-thirds of Americans are part of an exhausted majority who have effectively tuned out politics.

The two nonprofits we lead are part of a larger bridge-building movement that seeks to engage this demographic. What started out as less than 10 organizations prior to the 2016 election has skyrocketed to more than 500 today.

There are signs that some outlets sense Americans desire for a change and are producing content that focuses more on where we agree than disagree. Even Bret Baiers nightly Fox News show has a weekly segment and podcast called Common Ground. The existence of such a segment, which encourages two guests to find areas of agreement, would have been unthinkable even five years ago. Turning to the debt ceiling debate, multiple outlets highlighted the bipartisan Problem Solvers Caucus proposal. Finally, a Reuters Institute survey of international leaders indicated that three-quarters are planning a greater focus on solutions journalism.

CNN, Fox, and the entire industry should move quickly to capture this growing interest in solutions over conflict. If they choose to ignore the opportunity, citizens can help change their minds.

Every time we click on a salacious headline or watch even a minute of a divisive news program, we cast a vote in favor of that type of content. What if we encourage our friends and families to consume more stories featuring bipartisan leadership groups or about people with differing beliefs who find common ground? We must step into the power of our collective attention to create momentum for more balanced content that refuses to be defined by division.

If enough of us get on board, we can drive a profound change in our media landscape. As dark as things look, we believe the seeds of change are being sown, and we all have it in us to help them grow.

Bruce Bond is the co-founder and CEO of Common Ground Committee, and is a former group executive of industry research at Gartner. Tom Fishman is the CEO of Starts With Us and a former senior VP of MTV Digital and a former product strategist at Facebook.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

More must-read commentary published by Fortune:

As a growing number of overweight Americans clamor for Ozempic and Wegovy drugs touted by celebrities and on TikTok to pare pounds an even more powerful obesity medicine is poised to upend treatment.

Tirzepatide, an Eli Lilly and Co. drug approved to treat type 2 diabetes under the brand name Mounjaro, helped people with the disease who were overweight or had obesity lose up to 16% of their body weight, or more than 34 pounds, over nearly 17 months, the company said on Thursday.

The late-stage study of the drug for weight loss adds to earlier evidence that similar participants without diabetes lost up to 22% of their body weight over that period with weekly injections of the drug. For a typical patient on the highest dose, that meant shedding more than 50 pounds.

Having diabetes makes it notoriously difficult to lose weight, said Dr. Nadia Ahmad, Lillys medical director of obesity clinical development, which means the recent results are especially significant. We have not seen this degree of weight reduction, she said.

Based on the new results, which have not yet been published in full, company officials said they will finalize an application to the U.S. Food and Drug Administration for fast-track approval to sell tirzepatide for chronic weight management. A decision could come later this year. A company spokeswoman would not confirm whether the drug would be marketed for weight loss in the U.S. under a different brand name.

If approved for weight loss, tirzepatide could become the most effective drug to date in an arsenal of medications that are transforming the treatment of obesity, which affects more than 4 in 10 American adults and is linked to dozens of diseases that can lead to disability or death.

If everybody who had obesity in this country lost 20% of their body weight, we would be taking patients off all of these medications for reflux, for diabetes, for hypertension, said Dr. Caroline Apovian, a director of the Center for Weight Management and Wellness at Brigham and Womens Hospital. We would not be sending patients for stent replacement.

Industry analysts predict that tirzepatide could become one of the top-selling drugs ever, with annual sales topping $50 billion. It is expected to outpace Novo Nordisks Ozempic a diabetes drug used so commonly to shed pounds that comedian Jimmy Kimmel joked about it at the Oscars and Wegovy, a version of the drug also known as semaglutide approved for weight loss in 2021. Together, those drugs made nearly $10 billion in 2022, with prescriptions continuing to soar, company reports show.

In separate trials, tirzepatide has resulted in greater weight loss than semaglutide, whose users shed about 15% of their body weight over 16 months. A head-to-head trial comparing the two drugs is planned.

Mounjaro was first approved to treat diabetes last year. Since then, thousands of patients have obtained the drug from doctors and telehealth providers who prescribed it off-label to help them slim down.

In California, Matthew Barlow, a 48-year-old health technology executive, said he has lost more than 100 pounds since November by using Mounjaro and changing his diet.

Psychologically, you dont want to eat, said Barlow. Now I can eat two bites of a dessert and be satisfied.

Rather than relying solely on diet, exercise and willpower to reduce weight, tirzepatide and other new drugs target the digestive and chemical pathways that underlie obesity, suppressing appetite and blunting cravings for food.

They have entirely changed the landscape, said Dr. Amy Rothberg, a University of Michigan endocrinologist who directs a virtual weight loss and diabetes program.

Research has shown that with diet and exercise alone, about a third of people will lose 5% or more of their body weight, said Dr. Louis Aronne, director of the Comprehensive Weight Control Center at Weill Cornell Medicine. In the latest tirzepatide trial, more than 86% of patients using the highest dose of the drug lost at least 5% of their body weight. More than half on that dose lost at least 15%, the company said.

The obesity medications help overcome a biological mechanism that kicks in when people diet, triggering a coordinated effort by the body to prevent weight loss.

That is a real physical phenomenon, Aronne said. There are a number of hormones that respond to reduced calorie intake.

Ozempic and Wegovy are two versions of semaglutide. That drug mimics a key gut hormone, known as GLP-1, that is activated after people eat, boosting the release of insulin and slowing release of sugar from the liver. It delays digestion and reduces appetite, making people feel full longer.

Tirzepatide is the first drug that uses the action of two hormones, GLP-1 and GIP, for greater effects. It also targets the chemical signals sent from the gut to the brain, curbing cravings and thoughts of food.

Though the drugs appear safe, they can cause side effects, some serious. Most common reactions include diarrhea, nausea, vomiting, constipation and stomach pain. Some users have developed pancreatitis or inflammation of the pancreas, others have had gallbladder problems. Mounjaros product description warns that it could cause thyroid tumors, including cancer.

There are other downsides: Versions of semaglutide have been on the market for several years, but the long-term effects of taking drugs that override human metabolism are not yet clear. Early evidence suggests that when people stop taking the medications, they gain the weight back.

Plus, the medications are expensive and in recent months, hard to get because of intermittent shortages. Wegovy is priced at about $1,300 a month. Mounjaro used for diabetes starts at about $1,000 per month.

Apovian said that only about 20% to 30% of patients with private insurance in her practice find the medications are covered. Some insurers who previously paid for the drugs are enacting new rules, requiring six months of documented lifestyle changes or a certain amount of weight loss for continued coverage. Medicare is largely prohibited from paying for weight-loss drugs, though there have been efforts by drugmakers and advocates for Congress to change that.

Still, experts say that the striking effects of tirzepatide along with Ozempic, Wegovy and other drugs underscore that losing weight is not merely a matter of willpower. Like high blood pressure, which affects about half of U.S. adults and is managed with medication, obesity should be viewed as a chronic disease, not a character flaw, Aronne emphasized.

It remains to be seen what effect new drug treatments will have on pervasive bias against people with obesity, said Rebecca Puhl, a professor in the Rudd Center for Food Policy and Health, who studies weight stigma. U.S. culture has deep-rooted beliefs about body weight and physical appearance that are hard to change, she said.

Weight stigma could persist or worsen if taking medication is equated with taking the easy way out or not trying hard enough, she said.

San Francisco is repealing a ban on city-funded travel to 30 states that it says restrict abortion, voting and LGBTQ rights after determining the boycott is doing more harm than good.

The Board of Supervisors voted 7-4 on Tuesday to repeal a section of the citys administrative code that prohibits staff from visiting and city departments from contracting with companies headquartered in the states, which include Texas, Florida and Ohio.

California, meanwhile, is considering the repeal of a similar law.

City supervisors will hold a second and final vote next Tuesday. Mayor London Breed is expected to sign the measure.

The progressive city passed the boycott in 2016, after the U.S. Supreme Court legalized same-sex marriage nationwide. At first, the boycott applied only to states that it considered restricted the rights of LGBTQ people. Later, the list was expanded to include states that limit access to voting and abortion.

The idea was to exert economic pressure on those conservative states. Instead, a report released last month by the city administrator concluded that the policy was raising costs and administrative burdens for the city. Because of restrictions, there were fewer bidders for city work and that ending the boycott might reduce contracting costs by 20% annually, the report concluded.

In addition, the city had approved hundreds of exemptions and waivers for some $800 million worth of contracts, the report said.

Meanwhile, no states with restrictive LGBTQ rights, voting rights, or abortion policies have cited the citys travel and contract bans as motivation for reforming their law, the review concluded.

The measure was a well-intentioned effort at values-based contracting but ultimately did not accomplish the social change it sought to effect, Board President Aaron Peskin, who co-sponsored the repeal, said in a statement. Instead, this onerous restriction has led to an uncompetitive bidding climate and created serious obstructions to everything from accessing emergency housing to being able to cost-effectively purchase the best products and contracts for the City.

Scott Wiener, a former supervisor-turned-state senator who authored the original ban, agreed that the measure hadnt produced the intended results.

We believed a coalition of cities and states would form to create true consequences for states that pass these despicable, hateful laws, the San Francisco Democrat said in a statement. Yet, as it turned out, that coalition never formed, and the full potential impact of this policy never materialized. Instead, San Francisco is now penalizing businesses in other states including LGBTQ-owned, women-owned, and people of color-owned businesses for the sins of their radical right wing governments.

In addition, city staff have been unable to fly to many states for cooperative work on issues ranging from HIV prevention to transportation, Wiener said.

Similar problems have led California to consider mothballing its own 2016 ban on state travel to states it deems discriminate against LGBTQ people.

California now bans state-funded travel to nearly half of the country following a surge of anti-LGBTQ legislation in mostly Republican-led states.

The prohibition means sports teams at public colleges and universities have had to find other ways to pay for road games in states like Arizona and Utah. And it has complicated some of the states other policy goals, like using state money to pay for people who live in other states to travel to California for abortions.

Last month, state Senate leader Toni Atkins announced legislation that would end the ban and replace it with an advertising campaign in those states that promotes acceptance and inclusion for the LGBTQ community. The bill would set up a fund to pay for the campaign, which would accept private donations and state funding if any is available.

In an era when employers are banning job hoppers from applying and asking candidates intrusively personal questions, job seekers have understandably low expectations from the recruitment process.

Its why this one letter sent to a prospective candidate is going viral and garnering widespread praise, with one user hailing green flags for company culture right there.

Stephanie, who goes by the username @essenceofstephanie on TikTok, shared that she had recently turned down a job offer because she got a better one.

She then proceeded to share the let-down firms surprising response which got her ego pumping iron that day. 

We are very-very sad, the employer began in a bullet-pointed list over email that wished her well on her next venture.

I am very happy for your great opportunity and wish you all the best, Stephanie read aloud.

The company also hinted it would take her back, despite turning down the role, if she changes her mind about the new gig: We will keep in touch, and you will reach out to us if things are not as you expected.

The fourth and final point on the list jokingly asked Stephie to send their way her replacement in the form of any amazing clone that she may meet in the future.

Thats the best, Stephanie concluded while laughing. That is the f***ing best.

That would make me reconsider so fast

The rejection response letter TikTok, which has racked up over 380,000 views, has left viewers wondering whether she made the right choice by turning the company down.

That would make me reconsider so fast, the most popular comment reads. That email would have me second-guessing my decision, another echoed.

100% would decline [the] other offer and accept theirs after that email, someone else added. They clearly value their people- they value you and you dont even work there yet.

For most viewers, the kind nature of the letter signals a great company culture. However, a handful of users were more dubious that it reflects nothing more than the emailers personality and that the idea a candidate would turn down more money for one persons personality is wild

Reconsidering based on a single recruiters personality is wild, one user said. A nice recruiter doesnt mean the team youll work with will be nice, they later added in response to anothers comment.

They could offer more money and benefits Just sayin, another agreed.

Kindness: An offer she couldnt refuse

Many users were pinning on the rejected company to change Stephanies mind, with one user writing: Now you just need them to offer you the same because working there would be the best energy I love that.

Stephanie does indeed confirm in the comments section that she had asked the company she turned down if theyd match the better offer.

Whats more, while its unclear if the employer matched Stephanies other job offer, somethingperhaps their green flag responsewas enough to convince her to join the company anyway.

In a follow-up video announcing her new job, Stephanie confirms that she chose the company whose email had impressed so many people.

I just got off my shift at my job that I chose that a lot of you were like, why didnt you take that one?

She joked that it was funny how convinced her fan base were that this company would be better despite not knowing what the other offer even was.

And as it turns out, the process ended well because in another video posted three days ago, Stephanie described her new boss as so awesome while adding, Im grateful that I continued my job search and landed here.

WhenSignature Bank collapsed in March, many wondered how crypto firms would fare given their reliance on the digital assets-friendly bankand, in particular, on its real-time payments platform, Signet, which made it easy to convert between fiat currency and crypto.

In an interview with Fortune, Circle CEO and co-founder Jeremy Allaire said that the USDC issuer has turned to Customers Bank and its Customers Bank Instant Token (CBIT) tool, an analogous instant platform to Signet developed by the same financial services firm, Tassat.

As the second-largest stablecoin, USDC relied on Signets 24/7 service for its mint-and-burn mechanism, which provided customers with an on-and-off ramp from fiat into the crypto ecosystem, even outside of banking hours. Experts predicted the lack of 24/7 payment networks could cause liquidity issues for stablecoins. But after New York regulators seized Signature in March, Allaire said that Customers CBIT platform provided the same instant settlement layer, even as other crypto firms scrambled to find alternatives.

We want to live in a 24/7, 365 world, and we want to have the liquidity of dollars match the real-time nature of the internet, Allaire told Fortune.

Even so, Signatures failure was a signal of concentration risk, and Allaire said the company has been looking for global banking partners that could serve as alternatives to Customers. He also hopes that USDC users will ultimately operate outside of the traditional banking system, keeping their working capital in on-chain blockchain treasuries, and not subject to banking hours.

USDC is 24/7, he said. You can settle a direct with a counterparty anywhere in the world, and so its far superior to what you get out of your bank.

Even though Circle has been able to find a settlement partner after Signature, the banking crisis still rocked the U.S.-based firm. As Silicon Valley Bank teetered in March, Circle revealed that it had $3.3 billionor around 8%of its reserves held at the bank, instigating a de-pegging from its $1 baseline that shook confidence in the stablecoin. Since March 10, its market cap has decreased by around $13 billion, or nearly 30%.

Because Circle earns a return on the cash held in its reserves, Allaire said that the decrease in deposits has had an impact on the companys profitability, although it has not affected its operations.

We dont control the macro environment, he said.

USDC is actually a very redeemable stablecointhere are other companies that are very hard to redeem, he added, a likely reference to Tether, the leading stablecoin that has seen its market cap increase by $10 billion over the same time period, despite its notoriously opaque accounting and offshore operations.

Circle is hoping for progress on legislation in the U.S. that will make it easier to use stablecoins, even as the company looks abroad for alternatives, including a pending application in France to become a digital asset provider and electronic money institution. The House Financial Services Committee hosted a hearing last week on a proposed stablecoin bill, which had been drafted last year as a bipartisan effort between then-chair Maxine Waters (D-Calif.) and ranking member Patrick McHenry (R-N.C.)

Waters, now the ranking member on the committee, expressed skepticism over the bill during the hearing, stating a desire to start from scratch and expressing displeasure at being excluded from legislative conversations by Republicans. Allaire described the ranking Democrats rhetoric as a negotiating tactic, saying he was optimistic that discussions would move forward.

The big macro backdrop is the U.S. leadership role in the global political and economic system is challenged, more so than it has been since post-WWII, he told Fortune. Its got to compete, and its got real competition.

A good first quarter for Microsoft has meant a boost worth billions for its founder as investors rally behind the companys innovations in artificial intelligence.

On an earnings call earlier this week the Big Tech giants CEO, Satya Nadella, and his executive team revealed revenue had leapt by 7% to $52.9 billion.

Figures like a 10% increase in operating income to $22.4 billion are above analysts expectations, with the business highlighting growth in divisions like LinkedIn (where revenue is up 8%) Microsoft 365 Consumer (where subscribers grew to 65.4 million) and cloud service products like Azure (revenue growing 17%).

And on top of the figures came a focus on the topic of the moment: A.I.

The key phrase was mentioned some 50 times on the earnings call, JPMorgan counted, highlighting the businesss drive to stay ahead in the large language model race.

The company already has its foot in the door with a major disruptor in the tech sector, ChatGPT creator OpenAI. In January Fortune reported that Microsoft had invested a further $10 billion in Sam Altmans company, follow the $1 billion pledged in 2019, and another $2 billion which it quietly put into OpenAI in 2021.

Microsoft revealed a raft of new A.I. deployments. Nadella said: We have the most powerful A.I. infrastructure and its being used by our partner, OpenAI, as well as NVIDIA and leading AI start-ups like Adept and Inflection to train large models.

Our Azure OpenAI Service brings together advanced models, including ChatGPT and GPT-4 with the enterprise capabilities of Azure.

He highlighted brands like IKEA, Unilever, Mercedes-Benz and Shell were now all using various forms of Microsoft products powered by artificial intelligence.

We are focused on continuing to raise the bar on our operational excellence and performance as we innovate to help our customers maximize the value of their existing technology investments and thrive in the new era of A.I., Nadella finished.

In a few weeks times, well hold our Build conference, and we will share how we are building the most powerful A.I. platform for developers and I encourage you to tune in. I could not be more energized about the opportunities ahead.

Of course, Microsoft is not alone on its pursuit of artificial intelligence. The race to lead the pack on A.I. is fraught with competitorsand technology bigwigs who caution that its development should be slowed down.

Meta is also ramping up its efforts in A.I. with its three top executives now spending the majority of their time on artificial intelligence projects.

Amazon teased its ongoing investment into the sector earlier this year, while Google has been ironing out issues with Bard following costly inaccuracies.

Bills balance

Buoyed by Microsofts optimistic outlook, the companys stock brice soared 9% on Wednesday adding $174 billion to its market value.

The shares logged their best single-day percentage hike since November 2022 when they rose 8.2%. However, analysts pointed out that more significantly the shares reached a milestone on an absolute basis as they had previously never risen more than $19.77 in a single sessionas they did Wednesdat. They now sit at $295.37 a share.

The result of the bounce has meant that billionaire philanthropist Gateswho owns around 1% in the company with 103 million sharessaw his assets balloon by $2 billion.

The success of A.I.-backed product rollouts will be welcome news to Gates, who previously wrote in a blog the technology is one of the two innovations which have been truly revolutionary in his lifetime (the other example was the graphic user interface, or digital icons and buttons, in computing). 

Gates has also rejected a proposal from the likes of Tesla CEO Elon Musk and Apple cofounder Steve Wozniak to temporarily pause the development of LLMs.

The man, worth $122 billion according to Bloombergs Billionaires Index, said halting the process in order to introduce regulation wont solve the challenges the technology poses.

The Nations Doctor finds that loneliness has risen to the level of being a public health crisis, and focusing on rebuilding social connections in the workplace is essential.

The pandemic has had a number of invisible costs on our country, U.S. Surgeon General Vivek Murthy, said during Fortunes Brainstorm Health conference in Marina Del Rey, Calif., on Wednesday. And the increase in loneliness, the increase in mental health strain, these are part of those costs, and theyre invisible because we cant see them every day. But I do worry that in the rush to move past the pandemic, we may lose sight, that there are these challenges that we still need to address.

Murthy discussed with Fortune CEO Alan Murray how the workplace has a profound impact on our sense of connection and community and mental health. When people feel a greater sense of connection to each other in the workplace, it positively impacts their creativity, their productivity, and actually their engagement, which has downstream impacts on retention, Murthy said. 

Relationship building

A typical strategy for a business may not always include how to strengthen and invest in social cohesion beyond a holiday party or happy hour, Murthy explained. But creating regular opportunities for people to build relationships with each other, is not just nice to have; its actually good for businesses as well, he said. 

For example, each week, during his all-staff meetings, for 10-15 minutes, a staff member interviews a colleague about topics unrelated to work such as hobbies, their families, or even their childhood, he said. During those 10 or 15 minutes, we come to know people often with greater depth and feel a greater intimacy and closeness to them than we had felt perhaps in many months of working side by side with them, Murthy said.

Some companies are thinking up new ways to keep regular meetings engaging. For example, Walmart recently had an outside-of-the-box morning meeting that put CFO John Rainey in the hot seat. One of Sam Waltons rules of business is dont take yourself so seriously, and thats something we take seriously at Walmart, Rainey wrote in a LinkedIn post on Wednesday. In between the day-to-day of running the business and meeting the needs of our customers and members, its important to celebrate one another and laugh togetherand we all did just that at our most recent morning meeting when I was surprised with an impromptu, Hot Ones interview. As you can see, I experienced a wide range of emotions. I like to think that I dont sweat the small stuff, but that last wing was hot!

Hot Ones is a YouTube talk show where host Sean Evans asks his celebrity guests questions while theyre eating chicken wings coated in hot sauce, and the sauce gets hotter each round. Rainey included photos of his experience.

Theres no substitute for in-person connection, said Murthy, the author of Together: The Healing Power of Human Connection in a Sometimes Lonely World. But he also noted that there are reasons people may need to work remotely, and being in the office alone doesnt make social cohesion automatic and alleviate the loneliness crisis.

If you have a population that needs to be a hybrid, and working remotely from time to time, you have to be more intentional about creating opportunities for them to build connections with one another, Murthy said.

As retaining talent continues to be a concern of CFOs, how are you building connections with your teams? Send me an email and let me know.

You can learn more here about the topics covered at Brainstorm Health.

Sheryl Estrada
This email address is being protected from spambots. You need JavaScript enabled to view it.

Big deal

Operations reporting gauges an organizations health. But more reporting, without implementing automation, puts added pressure on employeesspecifically those in the IT department, according to Insightsoftware's new report, "The State of Operational Reporting in 2023." When asked about the relationship between IT and finance, 63% of IT decision-makers surveyed find that finance is either very or over-reliant on IT. Ninety-six percent of all finances recurring report requests are sent to IT for processing. Finance requests recurring reports the most, according to the findings.

Ninety-eight percent of respondents distribute reports via static PDF, and 95% of companies surveyed generate either all or mostly static reports. These reports do not provide real-time/refreshable data. Operational reporting costs 71% of IT departments, on average, 1 day per week. The findings are based on a global survey of 331 senior professionals in IT, accounting, finance, and operations. Forty-six percent of respondents are based in the U.S., 18% in the U.K., 18% in Canada, and 18% in Australia.

Going deeper

"How Households Are Locked In by Rising Mortgage Rates" is a new report in Wharton's business journal. It highlights a paper coauthored by Whartons Lu Liu that looks at why homeowners become caught in a so-called mortgage lock-in, and how that impacts their ability to move.

Leaderboard

Teresa Chia was named CFO at Vertafore, an insurance technology company. Before joining Vertafore, Chia was a senior partner and managing director at White Mountains Insurance Group. She was responsible for direct investing and corporate mergers and acquisitions activity, and she provided support to executive leadership teams in White Mountains' portfolio companies. Before that, Chia was a private equity investor at Permira Advisors, focusing on investments in the global technology and consumer verticals.

Robert Fraass was named CFO at Servotronics, Inc. (NYSE American: SVT), a designer and manufacturer of servo-control components, effective May 1, He replaces Lisa F. Bencel, who will be leaving the company later in May to pursue other interests. Fraass most recently comes from Stark Technologies Group, Inc. where he served as SVP of finance, corporate controller, and treasurer. He has also held several executive finance roles of increasing responsibility at PostProcess Technologies, Ivoclar Vivadent, Integer, and Integrys Energy Services.

Overheard

Theres like a tsunami of people coming into Medicare. Thats going to put pressure on the entire health care system.

CVS Health CEO Karen Lynch said during Fortune's Brainstorm Health conference. Lynch underscored the growing aging population that is on track to outnumber children. However, intervening with patients through preventative care will keep people healthier as they age, she said.

This is the web version of CFO Daily, a newsletter on the trends and individuals shaping corporate finance. Sign up to get CFO Daily delivered free to your inbox.

More Articles ...

  1. Greedflation is key culprit thats more powerful than the wage-price spiral in driving up costs
  2. America's adult smoking rate just hit an all-time low in 2022
  3. America's pandemic preparedness plan 'failed in the first week' of COVID, former White House advisor Deborah Birx says. As for the next pandemic: 'We're not ready'
  4. Is it smart to be a stupid genius like Elon Musk?
Page 300 of 1160

Newspapers

Spinning loader

Breaking News, data & opinions in business, sports, entertainment, travel, lifestyle, plus much more. IdigNews.com is the leading news source for the internet  users...

           

Business

Entertainment

POST GALLERY