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Business News Roundup, April 26, 2021

A potential shift toward a piecemeal infrastructure approach, consistent durable goods demand, wealthy investors helping family-run businesses, reducing wind power waste, and a resumption of the Johnson & Johnson COVID-19 vaccine are among this morning’s top business news items.

National

Senator Joe Manchin has voiced his support for a more targeted approach to President Joe Biden’s infrastructure plan, praising a Republican counteroffer that significantly reduces Biden’s $2.3 trillion proposal and focuses on traditional infrastructure. Given the 50-50 split in the Senate, Manchin’s announcement increases the likelihood of a more piecemeal approach to Biden’s proposals rather than an effort to pursue a large omnibus bill.

Durable goods orders in the United States increased 0.5 percent in March. Manufacturers have been under heavy demand for the past year due to lower business inventories of these goods, while ongoing supply chain issues continue to hamper deliveries.

Business trends

Some wealthy families have become a source of funding for struggling family-run businesses during the COVID-19 pandemic. A New York Times article looks at how this approach has offered rewards to both the benefactors and the beneficiaries.

A Scottish university and offshore wind developer are teaming up in an effort to reduce waste associated with wind power installations as the sector gains popularity. The partnership will address the issue of how to recycle wind turbine blades at the end of their useful life, as the components are made from composite materials that may not be suitable for recycling.

Connecticut

The Connecticut Department of Public Health has advised its COVID-19 vaccine providers to resume use of the Johnson & Johnson COVID-19 vaccine. The decision comes after a conclusion by the Centers for Disease Control and Food and Drug Administration concluded that the vaccine’s benefits outweigh a slim risk of blood clots; the agencies have also issued updated information for both vaccine providers and patients.

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