US sees ‘decisive decade’ ahead in competition with China, Russia
The new National Security Strategy addresses the growing rivalry with Beijing and tension with Russia as it looks to maintain a United States led global order.
What is 'FDPR' and why is the US using it to cripple China's tech sector?
The FDPR, or foreign direct product rule, allows the U.S. to decide who can buy products made with American technology even if those products are made abroad.
Edward Jones pulls plug on bank plans
Edward Jones' parent has scrapped plans to create a new bank as market turmoil looms and banking crises in the U.K. and at Credit Suisse threaten a Lehman moment.
WTO warns 'darkened' trade outlook could worsen as economic crises converge
Global trade is expected to grind to a halt next year as a result of a convergence of economic crises including spiking energy prices and higher interest rates.
UK's Truss stands by 'disruption' agenda despite Tory doubts
UK Prime Minister Liz Truss has defended her economic plans as she tries to convince her Conservative Party the pain unleashed by tax-cutting is worth it.
US electric-vehicle tax breaks rile Asian, European allies
Providing tax breaks only to US manufactured goods likely violates the World Trad Organization (WTO) rules and is alienating US trade partners and US allies.
Britain continues to face turbulence as economic and political turmoil continues
Less than one month on the job, some Britons are questioning whether new Prime Minister Liz Truss is up to the task of leading the country through a deepening economic crisis.
FDA approves Amylyx ALS drug
Amylyx says doctors will be able to prescribe Relyvrio immediately. The drugmaker anticipates prescriptions will be filled and shipped from specialty pharmacies within the next four to six weeks.
Biogen shares soar on Alzheimer's drug developments
A study found that Biogen's Alzheimer's drug lecanemab reduced cognitive and functional decline by 27% compared to a placebo over an 18-month period.
World Bank cuts China growth forecast as COVID-19, real-estate crunch take toll
The World Bank expects developing economies in East Asia to grow faster than China, because of it's zero-COVID policies, for the first time since 1990.
Biogen to pay $900M to settle allegations of improper physician kickbacks
Biogen is accused of causing submissions of false claims to Medicare and Medicaid by paying physicians kickbacks to prescribe its multiple sclerosis drugs Avonex, Tysabri and Tecfidera.
Fed interest rate hike: Other central banks raising rates
As the Federal Reserve prepares to announce another interest rate hike, the central banks of several other countries are mulling increases of their own.
Hawaii businessman, ex-Maui County official each plead guilty in political bribery case
An ex-Maui County official and a Honolulu businessman pleaded guilty to a bribery case. The Milton Choy bribed Stewart Olani Stant for business contracts.
India overtakes former colonial ruler UK to become 5th largest world economy: 'law of Karma works'
India, on the 75th anniversary of its independence from the U.K., has overtaken its former colonial master to rank as the world's fifth largest economy.
Florida drug company CEO sentenced to 3 years for allowing contaminated medicine to go to pediatric hospitals
PharmaTech's previous co-owner, Raidel Figueroa, has been sentenced to over three years for lying to the FDA and allowing contaminated medicine to go to pediatric hospitals.
Opioid crisis: New Hampshire strikes $40.5 million settlement with Johnson & Johnson
New Hampshire Attorney General John Formella announced that the state reached a $40.5 million settlement with Johnson & Johnson over opioid claims on Thursday.
EU hits US for Inflation Reduction Act electric vehicle tax credit requiring final assembly in North America
The European Union is criticizing the Inflation Reduction Act's tax credit for electric vehicles that requires final assembly to take place in North America.
World Bank president on Fed's inflation fight: Central banks have more tools than rate hikes
World Bank President David Malpass responds to Fed Chair Jerome Powell's concern over combatting inflation and the options world governments have to increase production.
UK economy sees output fall by 11%, steepest decline since 1709
The UK's economic output shrank by its largest percentage since 1709 in 2020, after the COVID-19 pandemic snuffed the nations economic growth.
Gary Gensler's gross SEC overreach
Lawyer John Deaton, amici curiae in the landmark SEC vs. Ripple case weighs in on Gary Gensler's ruling iron fist when it comes to cryptocurrency regulation.