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Chevron takeover of Hess resurrects multi-billion dollar tax shield (www.reuters.com)

The tax shield is a little-known advantage to Chevron’s mega-takeover of Hess struck last month. The tax benefits are expected to provide the No. 2 U.S. oil and gas producer hundreds of millions of dollars in extra annual cash flow over the next several years....

Cancer drug shortage eases slightly, but it’s still 'living from paycheck to paycheck’ (www.statnews.com)

The shortage of cancer drugs is not going away, but it may be easing slightly, a new national survey suggests. Based on questions posed to 29 of its 33 member hospitals, the National Comprehensive Cancer Network said Thursday that 86% of those cancer centers are experiencing a shortage of at least one type of generic...

Biden doesn’t plan to meet Chinese counterpart Xi at G20 (www.nbcnews.com)

President Joe Biden does not plan to formally meet his Chinese counterpart Xi Jinping on the sidelines of the Group of 20 summit in India, two administration officials told NBC News on Thursday, dashing hopes of a face-to-face encounter that could help to ease Sino-U.S. tensions....

Hurricane Idalia pummels Florida with record-breaking storm surge and catastrophic flooding. And more dangers loom | CNN (www.cnn.com)

Hurricane Idalia is now thrashing much of northern Florida and south Georgia, whipping winds up to 90 mph, dumping heavy rain and hurling seawater into flooded cities as its impacts a 250-mile swath of the Southeast....

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