Crumbs for Dinner, in the Best Possible Way

Biden Administration Awards $1.5 Bln To Address Addiction And The Opioid Crisis

The White House has announced new Actions and funding to address the overdose epidemic and support recovery as part of National Recovery Month.

The U.S Department of Health and Human Services, through the Substance Abuse and Mental Health Services Administration (SAMHSA), is awarding nearly $1.5 billion to all states, tribal lands, and territories’ efforts to address the opioid crisis and support individuals in recovery.

HHS’s Health Resources and Services Administration (HRSA) announced investments worth $104 million to public, private, and non-profit entities working to expand access to treatment and prevention services for substance use disorder in rural communities.

HHS, through SAMHSA, is awarding $20.5 million in grant funding to organizations that help connect individuals who have substance use disorders with community resources.

The U.S. Food and Drug Administration (FDA) issued guidance intended to facilitate the distribution of FDA-approved naloxone products, with the goal of saving lives by supporting the drug’s increased availability to underserved communities who need access the most. This will help eligible community-based programs acquire FDA-approved drugs directly from manufacturers and distributors.

‘The Lord of the Rings: The Rings of Power,’ Season 1, Episode 5: Misty Mountain Hop

This week’s installment is the grandest in scale so far, with a running time to match. Here are five takeaways from the episode.

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By Noel Murray

European Shares Seen Mixed As Focus Shifts To Central Bank Meetings

European stocks look set to open on a mixed note Monday as focus shifts to the Federal Reserve’s two-day policy meeting, which will begin Tuesday.

The Fed is widely expected to raise interest rates by another 75 basis points, although some see an outside chance for a 100-basis point rate hike.

Asian stocks were subdued, with Japanese markets closed for a holiday.

This week is littered with 13 central bank meetings, with the BOJ, SNB and BOE all lined up.

The People’s Bank of China cut its 14-day reverse repo rates today and stepped up cash injections to counteract higher demand towards the quarter-end.

The dollar was off its 20-year peak as more ECB officials warned about interest-rate rises. Gold prices edged lower while oil prices rose as the Chinese megacity of Chengdu exited a two-week lockdown.

U.S. stocks fell on Friday to hit two-month lows as a profit warning from global delivery bellwether FedEx heightened fears of a recession.

The Dow shed half a percent, the tech-heavy Nasdaq Composite gave up 0.9 percent and the S&P 500 declined 0.7 percent.

European stocks tumbled on Friday as the IMF and the World Bank flagged recession risks.

The pan European Stoxx 600 lost 1.6 percent. The German DAX fell 1.7 percent, France’s CAC 40 index dropped 1.3 percent and the U.K.’s FTSE 100 dipped 0.6 percent.

Global markets fall on worries about inflation and interest rates.

The decline comes as investors worry about efforts by central banks raise interest rates in an effort to combat rapid inflation.

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This article is part of our Daily Business Briefing

By Isabella Simonetti

S&P 500

Five International Movies to Stream Now

This month’s picks include a South Korean queer drama, an erotic German creature feature, a charming caper set in the French countryside and more.

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By Devika Girish

Gold Futures Settle Sharply Lower As Dollar, Bond Yields Soar

Gold prices fell on Friday as the dollar soared to a new two-decade high, extending recent gains following an aggressive rate hike by the Federal Reserve and the Fed Chair Powell’s comments that signaled further sharp increases in rate in the coming months.

The Federal Reserve has signaled a longer tightening cycle to get inflation back under control.

The Fed’s new projections showed its policy rate rising to 4.4% by year-end, before peaking at 4.6% in 2023.

The sharp interest rate hikes by the Fed, and several other central banks including the Bank of England and the Swiss National Bank. have raised concerns the global economy will slip into a recession.

The dollar index zoomed to 112.89, gaining about 1.4%. The yield on long term U.S. 10-year Treasury Note hit 12-1/2 year highs, moving past 3.8%.

Gold futures for December ended lower by $25.50 or about 1.5% at $1,655.60 an ounce, the lowest settlement since April 2020. Gold futures shed about 1.7% in the week.

Silver futures for December ended down by $0.707 at $18.910 an ounce, while Copper futures for December settled at $3.3430 per pound, down $0.1280 from the previous close.

Crumbs for Dinner, in the Best Possible Way

Pasta with garlicky bread crumbs, eggplant and tomatoes is everything you want in a colorful weeknight dinner.

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By Melissa Clark