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Publishers Clearing House, known for its ‘Prize Patrol’ sweepstakes, files for bankruptcy

Publishers Clearing House, known for its ‘Prize Patrol’ sweepstakes, files for bankruptcy

By WYATTE GRANTHAM-PHILIPS

NEW YORK (AP) — Publishers Clearing House, a decades-old marketing and sweepstakes company known for doling out large “Prize Patrol” checks, has filed for Chapter 11 bankruptcy protection.

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In an announcement this week, PCH said it was using the bankruptcy process to “finalize a shift away” from its legacy business of direct-mail, retail merchandise and magazine subscriptions. The company is hoping to instead transition to a “pure digital advertising” model, where it will continue to offer free-to-play entertainment and prizes. read more

FDA reverses course on telework after layoffs and resignations threaten basic operations

FDA reverses course on telework after layoffs and resignations threaten basic operations

By MATTHEW PERRONE

WASHINGTON (AP) — Weeks after ordering all Food and Drug Administration employees back into the office, the agency is reversing course, allowing some of its most prized staffers to work remotely amid worries that recent layoffs and resignations could jeopardize basic functions, like approving new medicines.

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An internal email obtained by The Associated Press states that FDA leadership are “allowing review staff and supervisors to resume telework” at least two days a week. The policy shift was confirmed by three FDA staffers who spoke to the AP on the condition of anonymity to discuss internal agency matters. read more

Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during the market meltdown

Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during the market meltdown

By BERNARD CONDON

NEW YORK (AP) — As stocks tanked on tariff fears, Marjorie Taylor Greene showed her faith in the president not just with words but dollar bills.

The Republican congresswoman, an avid supporter of the Trump administration’s trade policies, not only bought stocks last week as others dumped them in a panic — she scooped up some of the biggest losers.

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Lululemon, Dell Computer, Amazon, the parent of Restoration Hardware and a few others hit hard by Trump’s tariff threats were down 40% on average late last week when she pounced. read more

Trump’s tariffs threaten to end quarter-century era of cheap goods for US consumers

Trump’s tariffs threaten to end quarter-century era of cheap goods for US consumers

By CHRISTOPHER RUGABER and ANNE D’INNOCENZIO, AP Business Writers

WASHINGTON (AP) — President Donald Trump’s new tariffs threaten to push up prices on clothes, mobile phones, furniture and many other products in the coming months, possibly ending the era of cheap goods that Americans enjoyed for about a quarter-century before the pandemic.

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In return, White House officials hope the import taxes create more high-paying manufacturing jobs by bringing production back to the United States. It is a politically risky trade-off that could take years to materialize, and it would have to overcome tall barriers, such as the automation of most modern factories. read more

People on the move

People on the move

Boards of directors

Alex Evans, Colliers’ managing director and market leader in Orlando, was appointed to the National Association for Industrial and Office Parks Central Florida Chapter’s board of directors.

Shannon Fraser, senior vice president of iHeartMedia Markets Group, was appointed chair of The Lifeboat Project’s board of directors.

Linda Martin-Kennedy, vice president and banking center manager at First Horizon Bank, was appointed to The Lifeboat Project’s board of directors.

Mark Mankbadi, assistant vice president and wealth management advisor at Fifth Third Bank, was appointed to The Lifeboat Project’s board of directors.

Cindy Traenkner, owner/operator RC Pizza, was appointed to The Lifeboat Project’s board of directors.

Engineering

Austin Podurgiel was promoted to project manager, commercial division, at Matern Professional Engineering, Maitland.

Submit professional appointments, management-level promotions and significant awards for individuals, along with photos as .jpg attachments, to peopleonmove@orlandosentinel.com. read more