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Hurricane Fiona strengthens, Amazon pledges to hire refugees, UnitedHealth-Change deal moves forward

Notable business headlines include Hurricane Fiona becoming a Category 3 storm, companies like Amazon and Pfizer pledging to hire refugees, and the rejection of the DOJ's challenge to UnitedHealth's Change deal.

Video Transcript

[AUDIO LOGO]

JULIE HYMAN: Let's count down to business now. A look at three stories and business beyond that.

We've been talking about so far this morning, Hurricane Fiona now a category 3 storm as it moves across the Caribbean Sea. Rain and flooding continue to hammer Puerto Rico, a day after power and water were knocked out to the island. The governor warning it could take days before power is restored. The US territory still recovering from its last storm in 2017 when two hurricanes killed nearly 3,000 people and it took 11 months to fully restore power.

Now hiring, major companies, including Amazon, Pepsi, and Pfizer, they're pledging to hire specifically refugees over three years. This, after a business summit held in New York to support refugee efforts. The pledges are aimed at helping integrate refugees from Afghanistan and Ukraine who've arrived this year. And while all of this aims for companies to hire 20,000 refugees overall, "The Wall Street Journal" does note this is just a fraction of the total arrivals from those two nations.

And sparing some change. A Justice Department challenge to UnitedHealth Group's acquisition of Change Healthcare has been rejected by a federal judge. The deal, which values the patient-payment managing and financing specialist Change Healthcare at $13 billion, it had been challenged by the DOJ on antitrust grounds. And now that has been thrown out, thos throws into question some of the other scrutiny-- some of the other deals that have received scrutiny by the administration.