Moderna, student loans, interest rates

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Hello Ohio. We end the day for you with the most important stories you need to know and your weather forecast.

Your weather planner

Isolated thunderstorms remain possible until early evening. Skies will clear overnight and the weekend promises to be nice and dry for outdoor projects. Saturday’s highs will range from the high 70s to mid-80s, but will warm up on Sunday.

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today’s big stories

1. Moderna sues Pfizer, BioNTech, alleges patent infringement in COVID-19 vaccine

Moderna is suing Pfizer and BioNTech, accusing the companies of infringing Moderna’s patents when they teamed up to develop their own COVID-19 vaccine.

2. Biden’s student loan plan: what we know (and what we don’t)

Under a new plan announced by President Joe Biden, many Americans can get up to $10,000 in federal student loan debt forgiven. This amount increases to $20,000 if they qualify for the Pell Grants. Here’s what we know so far and what it means for people with outstanding student loans.

3. Powell: The Fed could continue to hike rates sharply “for a while”

Federal Reserve Chairman Jerome Powell delivered a clear message on Friday that the Fed is likely to impose larger interest rate hikes in the coming months and is firmly focused on containing the highest inflation since four decades.

Federal Reserve Chairman Jerome Powell speaks during a press conference at the Federal Reserve Board building in Washington on July 27. (AP Photo/Manuel Balce Ceneta)

4. The Watson case rekindles the old fight for the massage therapy industry

The American Massage Therapy Association’s three-day national convention began Thursday in Cleveland. It was a chance to talk about a job made harder amid the pandemic, the 2021 attack on three Atlanta-area massage businesses in which eight people were killed, and the lingering stain of the ongoing case of NFL quarterback Deshaun Watson.

5. Health Officials to Governors: Abortion Bans Can’t Block Emergency Care

Top health officials told state governors on Friday that women who need an abortion in a medical emergency cannot be denied care, no matter what state law says about termination of pregnancy.

Your weekend notes

Saturday August 27

  • NCAA college football season technically begins – known as ‘Week Zero’
  • Liverpool Beatles Auctions
  • NASA Administrator Nelson holds a press conference ahead of the launch of Artemis I
  • Launch of the SpaceX rocket for its internet-satellite mega-constellation

Sunday August 28

  • 39th MTV Video Music Awards
  • NASA Holds Pre-Launch Press Conference on Artemis I Countdown Status
  • 1st anniversary of the withdrawal of British troops from Afghanistan
  • The Church of the Holy Spirit organizes the event “Human Chain for Peace and Freedom in Ukraine”
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