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1 firm got most of aid in Iowa hog disposal program

IOWA CITY, Iowa | One influential pork company has received most of the money from an Iowa program designed to support farmers who euthanized their hogs after the coronavirus devastated their industry, newly released data shows.

Christensen Farms, one of the nation’s largest family-owned pork producers, has received $1.86 million from the Iowa Disposal Assistance Program, or 72% of the $2.6 million the program has paid to date.

The Sleepy Eye, Minnesota-based company received payments for disposing of 46,599 euthanized hogs, six times as many as the second highest claimant. The 15 other companies and farmers who received payments reported euthanizing about 18,000 hogs combined.

U.S. invests another $2.1B for potential virus vaccine

LONDON | Pharma giants GlaxoSmithKline and Sanofi Pasteur have announced they will supply 100 million doses of an experimental COVID-19 vaccine to the United States as governments buy up supplies in hopes of securing a candidate that works.

The United States will pay up to $2.1 billion “for development including clinical trials, manufacturing, scale-up and delivery” of the vaccine, the two companies based in Europe said in a statement. Sanofi will get the bulk of the funds.

Wages and benefits grow at slowest pace in 3 years

WASHINGTON | Wages and benefits for U.S. workers rose at the slowest pace in three years in the April-June quarter, a sign that businesses are holding back on pay as well as cutting jobs in the coronavirus recession.

Pay and benefits increased 0.5% in the second quarter, according to the government’s Employment Cost Index, released Friday. That is down from 0.8% in the first three months of the year. Wages and salaries rose just 0.4%, while benefits jumped 0.8%.

Murdoch son resigns from news publisher News Corp’s board

News Corp founder Rupert Murdoch’s son James is resigning from the family-controlled publisher’s board over content appearing in its newspapers, which include The Wall Street Journal and the New York Post.

James is known as the more liberal Murdoch brother. His more conservative sibling, Lachlan, is the heir apparent to New Corp Executive Chairman Rupert and is co-chairman of News Corp.

— From AP reports