| A handful of Federal Reserve officials on Monday left open the door for additional large interest-rate cuts, noting that current rates still weigh heavily on the US economy. “Over the next 12 months, we have a long way to come down to get the interest rate to something like neutral to try to hold the conditions where they are,” Chicago Fed President Austan Goolsbee said in a moderated Q&A event. Neither Goolsbee nor any of his colleagues said they already favor repeating the half-point cut made by the central bank on Sept. 18, saying incoming data would guide their decision making. The Federal Open Market Committee next meets on Nov. 6-7, just after the presidential election. The Chicago Fed chief said he estimated the central bank’s current benchmark interest rate was “hundreds” of basis points above neutral, the level at which policy neither stimulates nor restricts economic growth. —Natasha Solo-Lyons Threats to local US election officials are rising, and more workers are quitting. Increased harassment, threats and litigation are creating a more hostile environment for local election officials (LEOs), who are leaving their jobs at higher rates than in the past. The four-year turnover rate among LEOs nationally jumped to 39% in 2022, from 28% in 2004. The figure was even higher in several battleground states, as well as more populous jurisdictions. Vice President Kamala Harris led Donald Trump in two national polls of registered voters released Sunday, underscoring her momentum as the US presidential candidates grapple for a boost with early voting underway in several states. Harris leads the former president and Republican nominee by 49% to 44%, which falls within the margin of error, in an NBC News poll conducted Sept. 13-17. She leads Trump 52% to 48% in a Sept. 18-20 CBS/Ipsos poll, conducted entirely after the apparent assassination attempt on Trump at his Florida golf course on Sept. 15. Israel said a campaign of air strikes hit 1,300 Hezbollah targets in Lebanon, where health officials said 356 people were killed Monday as escalation between the two sides is stoking international concern about the eruption of a full-on war. The attacks wounded more than 1,246 people, including women and children, according to the health ministry. Israeli medics said eight people were wounded in northern Israel as a result of Hezbollah’s own assaults. Ozempic and Wegovy are making so much money for Novo Nordisk that their cumulative sales will soon surpass the drugmaker’s entire research budget for the past three decades, undercutting a key argument for their unusually high prices. The pair of medicines for diabetes and obesity have sold nearly $50 billion as of the second quarter and are on track to make $65 billion by the end of this year, according to a Bloomberg News analysis of regulatory filings and analyst estimates.  A pharmacist holds a box of Ozempic brand semaglutide medication. Photographer: George Frey/Bloomberg Boeing offered its largest union a 30% wage hike in a bid to break a stalemate that has shut down its aircraft manufacturing across the Pacific Northwest. The revised contract includes reinstating a controversial annual bonus that was dropped from an earlier offer that was resoundingly defeated by members of the International Association of Machinists And Aerospace Workers union on Sept. 12, triggering the planemaker’s first major strike since 2008. Boeing has also doubled the bonus workers would get if the latest deal is passed, to $6,000. China announced plans for a rare briefing on the economy by three top financial regulators just as it cut one of its short-term policy rates, fueling speculation that officials are preparing to ramp up efforts to revive growth. Authorities announced Monday that central bank governor Pan Gongsheng will hold a press conference tomorrow on financial support for economic development, alongside two other officials. Minutes later, the People’s Bank of China lowered the 14-day reverse repurchase rate, catching up with reductions initiated in July. Apollo has offered to make a multibillion-dollar investment in Intel, people familiar with the matter said, providing the chipmaker with a vote of confidence in its turnaround strategy and an alternative to a potential takeover by larger rival Qualcomm. The alternative asset manager has indicated in recent days that it would be willing to make an equity-like investment in Intel of as much as $5 billion, one of the people said, asking not to be identified discussing confidential information. A minute’s stroll from the New York Stock Exchange, down a cobblestone street once lined by imposing headquarters for the titans of finance, a corner office has taken on new meaning. Starting Monday, New Yorkers can lease an apartment in the former headquarters of Goldman Sachs at 55 Broad St., where it was based from the late 1960s to the early 1980s. Now, anybody with $4,000 a month can live in the very space Gus Levy cemented Goldman’s legacy as a trading powerhouse. Click here for a closer look.  The interiors of the newly renovated 55 Broad St. conversion on Sept. 5, 2024, in the Financial District in New York City. Get the Bloomberg Evening Briefing: If you were forwarded this newsletter, sign up here to receive Bloomberg’s flagship briefing in your mailbox daily. Bloomberg Tech: Humanity has always relied on technology to drive growth. With the emergence of artificial intelligence, society is being asked to trust tech with economies, media and health like never before. Join visionaries, investors and business leaders in London on Oct. 22 to discuss the risks and rewards of this new age. Speakers include Monzo CEO TS Anil, Cohere Co-Founder and CEO Aidan Gomez, ŌURA CEO Tom Hale and ASML President & CEO Christophe Fouquet. Buy tickets today. | 
