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Biden administration’s negotiated price cuts for 10 common prescription drugs likely to save Medicare billions, beginning in 2026

Aug 20, 2024 05:26 am UTC| Business

The Biden administration announced on Aug. 16, 2024, the reduced prices of the first 10 drugs it has negotiated with pharmaceutical companies over their Medicare prices. Provisions authorizing these negotiations were...

Solar above, batteries below: here’s how warehouses and shopping centres could produce 25% of Australia’s power

Aug 20, 2024 05:21 am UTC| Insights & Views Business

Imagine if Australian cities became major producers of clean energy, rather than relying on far-flung solar and wind farms. Far fetched? Hardly. Our cities and towns are full of warehouses, commercial areas, shopping...

‘Gig workers’ get minimum standards from Monday. Here’s what will change

Aug 20, 2024 03:17 am UTC| Business

Monday August 26 is when the governments updated Fair Work legislation comes into force. The new laws will offer new rights to so-called gig workers who take on jobs through platforms such as Uber, Menulog and...

Apple’s $1,000 Tabletop Robot With Arm, Display Spotted in Supply Chain; Set to Rival Amazon and Google

Aug 19, 2024 21:28 pm UTC| Technology Business

Apples rumored $1,000 tabletop robot, featuring an arm and display, has been spotted in the supply chain, signaling a significant new addition to Apples smart home product lineup. Supply Chain Hints at Apples $1,000...

Cybertruck Controversy Erupts: Musk Denies Involvement as Global Reaction to Chechen Leader Intensifies

Aug 19, 2024 20:46 pm UTC| Technology Business

A storm of global reaction has erupted after Chechen leader Ramzan Kadyrov claimed ownership of a Tesla Cybertruck, with many questioning Elon Musks involvement in the controversial purchase. Global Reaction Erupts Over...

Hyundai Claims 10% of US EV Market, Closing the Gap with Tesla in 2024

Aug 19, 2024 20:08 pm UTC| Technology Business

With a 10% market share in the US electric vehicle industry, Hyundai Motor Group has emerged as a formidable competitor to Tesla, retaining its spot as the second-largest EV brand. Hyundai Maintains Strong US Market...

Circle K Operator Alimentation Couche-Tard Bids to Acquire 7-Eleven's Japanese Owner

Aug 19, 2024 15:45 pm UTC| Business Life

Alimentation Couche-Tard, the operator of Circle K, has made a preliminary bid to acquire Seven i Holdings, the owner of 7-Eleven. The deal would create the worlds largest convenience store operator with nearly 100,000...

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Economy

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Politics

U.S. Launches Large-Scale Airstrikes on ISIS Targets in Syria After Deadly Attack

The United States military carried out extensive airstrikes against Islamic State (ISIS) targets across Syria on Friday, escalating its response after a deadly attack on American personnel, according to U.S. officials. The...

Putin Envoy Heads to Miami for High-Stakes Talks as U.S. Pushes Ukraine Peace Deal

Russian President Vladimir Putins special envoy Kirill Dmitriev is traveling to Miami for talks with U.S. President Donald Trumps envoy Steve Witkoff and Trumps son-in-law Jared Kushner, according to a Russian source cited...

Russian Missile Strike on Odesa Port Kills Seven, Disrupts Key Trade Routes

A Russian missile attack late on Friday struck critical port infrastructure near Ukraines Black Sea port city of Odesa, killing at least seven people and injuring 15 others, according to Ukrainian officials. The attack...

Trump Nominates Lt. Gen. Frank Donovan to Lead U.S. Southern Command Amid Rising Tensions in Latin America

U.S. President Donald Trump has nominated Lieutenant General Frank Donovan, the vice commander of U.S. Special Operations Command, to become the next head of U.S. Southern Command (SOUTHCOM), the military body responsible...

Brazil Court Allows Bolsonaro Hospital Trip Amid Prison Sentence

Brazils Supreme Court Justice Alexandre de Moraes has authorized former President Jair Bolsonaro to temporarily leave the Federal Police Superintendency in Brasília, where he is currently serving a 27-year prison...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...