Tag: amplify

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Business

Amplify to launch clear residing ETF, DTOX, monitoring surroundings and well being

Amplify to launch clean living ETF, DTOX, tracking environment and health

The enthusiasm for clean living doesn’t stop with Corporate America.

The trend has now crept into the exchange-traded fund market, where Amplify ETFs – the company behind popular themed funds like the Amplify Seymour Cannabis ETF (CNBS) and the Amplify Transformational Data Sharing ETF (BLOK) – have now applied for an ETF focused on clean Life.

If the index-based fund is approved, it will be launched later this year under the ticker DTOX, Amplify founder and CEO Christian Magoon told CNBC’s “ETF Edge” this week.

DTOX will “track buildings and infrastructure, health, beauty, food, hospitality, energy and transportation companies that make products that are either better for the environment or better for the human body,” Magoon said in an interview Monday .

It sounds broad-based, but Amplify has proposed fairly strict rules for its holdings.

“They must have about 80% of their sales in these rooms,” said Magoon.

“It’s really one way of capitalizing on this trend that people want to be cleaner in terms of their footprint, health and environment,” he said. “We believe this is a trend that will continue for a while. We believe that companies that focus on it and get most of their revenue from it have a chance to produce alpha.”

While there are clean energy, health and wellness ETFs, DTOX would be the first to reflect both themes.

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Health

Well being care unions amplify the voices of frontline staff overwhelmed by pandemic circumstances.

Health care unions amplify the voices of frontline workers overwhelmed by pandemic conditions.

The unions that represent health workers in the country have emerged as increasingly powerful voices during the still raging pandemic.

With more than 100,000 Americans in hospital and many infected in their ranks, nurses and other health workers remain on a precarious front against the coronavirus and have reached out to unions for help.

Nurses from various unions across the country take part in dozens of strikes and protests. National Nurses United, the largest registered nurses union in the country, held a “day of action” on Wednesday with demonstrations in more than a dozen states and in Washington, DC as negotiations began in hospitals, major systems like HCA, Sutter Health and belong to CommonSpirit Health.

“It’s so overwhelming. It’s unlike anything I’ve ever seen before, ”said Erin McIntosh, a nurse at Riverside Community Hospital in Southern California, a part of the country that in some cases has been hit hardest by the surge. “Every day I’m waist-deep in death and dying.”

Hospitals said the unions were playing public health policy during a public health emergency, saying they had no choice but to ask more of their workers.

However, healthcare workers are bitterly disappointed with the response of their employers and government agencies to the pandemic. Lack of staff, inadequate and persistent supplies of protective equipment, limited virus testing and work pressure even when they might be sick have led many workers to turn to the unions as their only ally. The virus has killed more than 3,300 healthcare workers across the country, according to a census.

“We wouldn’t be alive today if we didn’t have a union,” said Elizabeth Lalasz, a nurse and steward at National Nurses United in Chicago.

Despite the decade-long decline of the labor movement and the low number of unionized nurses, labor officials have used the effects of the pandemic to organize new chapters and contract negotiations for better terms and benefits. National Nurses organized seven new negotiating units last year, compared to four in 2019. The Service Employees International Union, which Ms. McIntosh represents, also said interest has increased.