US Drugmakers Agree to Negotiate Prices With Federal Govt The Biden administration announced on Tuesday that major US drug companies had committed to participating in Medicare price negotiations with the federal government, with 10 initial prescription drugs named as part of the program.... Politics
UK: NHS Doctors Begin 72-Hour Strike Over Pay Thousands of junior doctors and consultants across England launched a three-day strike on Monday to demand better pay and working conditions, the second such strike in less than a month. The strike coincided with the ruling Conservative Party's annual meeting in Manchester.... Social issues
Canada: PM Warns About the Rise of 'Denialism' On Saturday, Canadian Prime Minister Justin Trudeau warned about the rise of 'denialism' and emphasized the need for 'uncovering the truth,' as the country marked National Truth and Reconciliation Day.... Politics
United Auto Workers Reaches Tentative Deal With Mack Trucks The United Auto Workers (UAW) and Volvo Group-owned Mack Trucks agreed Sunday to a tentative deal that covers nearly 4K employees at the company just before the current contract was set to expire — narrowly averting a strike that would have added to work stoppages at plants run by the big three... Money
China: Factory Activity Expands for First Time in Six Months On Saturday, China's National Bureau of Statistics revealed that factory activity had expanded for the first time in six months in the PRC.... Money
US Congress Averts Government Shutdown A US federal government shutdown was averted after Congress passed a stopgap funding bill three hours before the midnight Saturday deadline, with Pres. Joe Biden signing it just shy of this cutoff.... Politics
Report: China's Evergrande Founder Under Police Surveillance Bloomberg News reported Wednesday — citing unnamed sources familiar with the matter — that Hui Ka Yan, the billionaire chair of China's Evergrande Group, has been put under police control in his home country.... Crime & justice
Hunter Biden: House GOP Ties Funds to Pres. Biden's House, China In a statement made on Tuesday, Republican Rep. James Comer (R-Ky.) claimed that bank wires obtained via a subpoena show Hunter Biden receiving payments from Beijing which listed President Joe Biden's Delaware home as the recipient's address.... Politics
US Senate Reveals Stopgap Bill to Avoid Government Shutdown Days away from a deadline that could result in a potential US federal government shutdown, the Democrat-led Senate on Tuesday agreed to a bipartisan bill that would keep the government funded through Nov. 17. While maintaining the current levels of spending, it included roughly $6B for domestic d... Politics
US, China Launch Economic Working Groups On Friday, the US Treasury Department announced the creation of two new US-China working groups to open a line of communication concerning economic and financial matters between both nations.... Money
US Seeks to Ban Medical Debt From Credit Reports The Biden admin. announced Thursday that the Consumer Financial Protection Bureau (CFPB) is considering barring consumer credit companies from including medical debt and collection information on individuals' credit reports.... Social issues
US Govt Shutdown Looms as House GOP Blocks Spending Bill According to an official at the US Office of Management and Budget, the White House on Friday began the process of telling federal agencies to prepare for a shutdown following House Republican opposition to its own defense bill. This process is standard practice seven days ahead of an anticipated... United States
FTX Sues Founder Bankman-Fried's Parents Bankrupt crypto exchange FTX has filed a lawsuit against the parents of founder Sam Bankman-Fried for allegedly enriching themselves at the expense of FTX's customers.... Money
US Fed Leaves Interest Rates Unchanged Following 11 rate hikes in 18 months, the US Federal Reserve (Fed) chose on Wednesday to leave benchmark interest rates unchanged between 5.25%-5.5% in the bid to tackle inflation.... Money
Global Debt Surges to Record $307T Global debt reached a record $307T in the second quarter of 2023, the Institute of International Finance (IIF) said on Tuesday.... Money
Musk Suggests Paywalling X Elon Musk, owner of X, formerly Twitter, floated the idea of a monthly fee for users during a talk he had Monday with Israeli Prime Minister Benjamin Netanyahu.... Science & Technology
ECB Raises Interest Rates to All-Time High On Thursday, the European Central Bank (ECB) raised its key interest rate from 3.75% to 4% as it claimed inflation was 'expected to remain too high for too long.'... Money
United Auto Workers Simultaneously Strikes at 3 Factories The United Auto Workers (UAW) union Friday began a simultaneous strike at three factories owned by General Motors, Ford Motor, and Chrysler owner Stellantis.... Social issues
Biden Criticizes 'MAGAnomics' as Govt Shutdown Looms Pres. Joe Biden criticized Republicans while contrasting his 'Bidenomics' with what he called 'MAGAnomics' in a speech Thursday afternoon in Largo, Maryland... Politics
US Inflation Accelerates for Second Straight Month US inflation rose 3.7% in August compared to last year, accelerating for the second consecutive month. In July, year-over-year inflation rose 3.2%, while monthly inflation was up 0.2% compared to 0.6% in August.... Money
TikTok Shop Launches in US TikTok’s e-commerce service, TikTok Shop, has officially launched in the US, the company announced in a blog post Tuesday, as it looks to bring online shopping to its 150M American users.... Money
Antitrust Lawsuit Against Google to Begin As the US Justice Dept. (DOJ) is set to bring its antitrust lawsuit against Google on Tuesday, rivals of the tech giant — such as search engine DuckDuckGo — will be watching as the US government argues that Google uses unfair tactics to dominate internet searches. The case will be held before... Money
Japan Pop Agency Boss Resigns Over Founder Sexual Abuse Scandal Julie Fujishima, the niece of the late J-pop mogul Johnny Kitagawa, who's accused of sexually abusing hundreds of boys and young men over several decades, has resigned as leader of the talent agency her uncle founded.... Social issues
BBC Disinformation Reporter Accused of Lying on Her Resume The BBC's first-ever disinformation correspondent, Marianna Spring, has been accused of lying on her resume in the pursuit of a job before joining the broadcaster in 2018.... Social issues
Apple Shares Slide After China's iPhone Ban Apple shares have fallen by over 6% since Wednesday following reports that the PRC has prohibited government employees from using iPhones.... United States
