Melinda French Gates resigned as co-chair of the Bill and Melinda Gates Foundation and launched Action for Women’s Health, a $250 million fund for non-profits supporting women’s mental and physical health globally. The fund aims to support impactful, scalable, equitable, and feasible organizations, with winners receiving between $1 million and $5 million. Applications are open until January 10, 2025, with organizations required to register their intent to apply by December 3, 2024.
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US inflation fell more than expected to 2.8% in February
US inflation fell to 2.8% in February, below expectations, prompting speculation of Federal Reserve interest rate cuts amid slowing economic growth. President Trump's tariffs have caused uncertainty and market volatility, with concerns over potential inflationary impacts. The Bank of Canada also cut rates due to trade tensions, while sectors like medical care and used cars saw price increases in February. Full Article
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