Philips reinforces its leadership as a purpose-driven company with an enhanced and fully …

September 14, 2020

  • On track to fully achieve all the targets of ithilips reinforces its leadership as a purpose-driven company with an enhanced and fully integrated approach to doing business responsibly and sustainabs pioneering ‘Healthy people, Sustainable planet’ 2016 – 2020 program, Philips steps up further and makes ambitious Environmental, Social and Corporate Governance (ESG) commitments for 2025
  • Environmental: Philips commits to 100% EcoDesign, increased energy efficiency, expanded renewable energy sourcing, and circular economy solutions – targeting Paris Agreement 1.5 oC global warming limit
  • Social: Philips
    commits to improving the lives of 2 billion people a year by 2025 [1] through its innovations, including 300 million people in underserved communities
  • Governance: Philips will ensure transparency regarding its tax contribution for all countries it operates in

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today further reinforced its commitments as a purpose-driven company

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The downside of a strong jobs report? Less urgency for stimulus checks and enhanced unemployment benefits

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© Geri Lavrov—via Getty Images

Call it a good news/bad news situation.


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When the Senate passed the $2.2 trillion CARES Act stimulus package by a 96-0 vote on March 25, the economy was in free fall. The S&P 500 stood at 2,475 points, and a record 6.9 million jobless claims were filed that week. Economists were talking about Great Depression 2.0.

But this time around, stimulus negations are happening with the backdrop of an improving economy. And that is reducing the political pressure for Republican and Democratic leaders to comprise.

On Friday we learned the unemployment rate dropped from 10.2% in July to 8.4% in August. That soundly beat Goldman Sachs’ estimate of 9.8%. And the U.S. added—or we should say regained—1.4 million jobs in August.

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