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>>FTX Recovers $5 Billion Of Liquid Assets (Wilmington, DE) -- FTX customers may be getting some good news. During a bankruptcy hearing in Delaware Wednesday, attorneys said the crypto exchange has recovered five-billion-dollars of liquid assets. FTX customers are owed at least eight-billion-dollars after the trading platform collapsed last year. Last week, federal prosecutors announced it planned to seize 500-million-dollars worth of assets linked to FTX. The asset seizure is in connection to the ongoing prosecution of former CEO and co-founder Sam Bankman-Fried.

 

>>IRS Watchdog Report Sees Improvements (Washington, DC) -- The IRS is starting this year's tax-filing season on better footing than previous years. A new independent watchdog report found the agency has made progress in reducing its massive backlog of unprocessed tax returns over the past year, although calls seeking customer service reps are still going largely unanswered. Just 13-percent of the 173-million calls in 2022 reached an IRS representative, up from eleven-percent from the year prior. The report offered optimism improvements are coming down the pike due to funding from the Inflation Reduction Act. However, Republicans in the House are seeking to dramatically cut the agency's funding.

 

>>No Break In NYC Nurses Strike (New York, NY) -- Barring any last minute announcements, it looks like this will be day four of the nurses strike in New York City. Some seven thousand nurses at two hospitals want language inserted in a contract to enforce a better nurse to patient ratio, complaining that they have far too many patients. The union representing the striking nurses had vowed to continue talks all night.

 

>>NLRB Ruling Says Amazon Has To Bargain With Union (New York, NY) -- A federal ruling says Amazon should recognize its first unionized warehouse in the U.S. On Wednesday, the National Labor Relations Board's regional director in New York dismissed Amazon's allegations that union organizers and labor officials influenced voters at a huge warehouse in Staten Island. Last spring, workers voted to allow the Amazon Labor Union to represent about eight-thousand employees at the warehouse. Wednesday's ruling requires Amazon to bargain "in good faith" with the union. Amazon is expected to appeal the decision before the full labor board in Washington, DC.

 

>>WSJ: Subway Chain Considering Sale (Milford, CT) -- Subway may soon be up for sale. The Wall Street Journal is reporting that the global sandwich company is considering selling the business that could be valued at over ten-billion dollars. Subway is one of the world's largest fast-food chains with over 37-thousand restaurants in over 100 countries. The privately-owned company hasn't commented on the report.

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