GLOBAL ECONOMY

A pair of new companies are being launched to tackle high drug costs, the latest sign of employer frustration with the middlemen, known as PBMs, whose job it is to keep down the spending.

President Biden's pick to the comptroller of the currency Saule Omarova also previously called the financial services industry the "quintessential a------ industry."

Larry Kudlow reports on Biden's 'tremendous blow' as the global supply chain, inflation, and energy crises nightmare continues.

Bank of America CEO Brian Moynihan noted that his customers currently have more money in the bank and are spending more, but warned that supply chain issues, labor shortages and inflation could have an impact on economic growth.

A Los Angeles Councilman and a former dean at the University of Southern California were indicted Wednesday on federal corruption charges connected to a bribery scheme, authorities said.

Larry Kudlow reports on labor shortages as the global supply chain nightmare continues.

White House officials, scrambling to relieve global supply bottlenecks choking U.S. ports, highways and railways, warn Americans may face higher prices and some empty shelves this Christmas season.

The Biden administration wants to reshape former President Donald Trump’s historic phase one trade deal with China but acknowledged the former president laid the groundwork.

The Biden admin is unveiling changes to trade policy with China aimed at forcing the country to follow through on commitments

The U.S. and European Union pledged Wednesday to deepen its alliance for the sake of advancing common priorities like artificial intelligence, trade challenges and the “underpin” to global economies: semiconductors.

The Cherokee Nation and three opioid distributors reached a $75 million settlement to resolve opioid-related claims against the companies, the tribe and the companies announced Tuesday.

Chinese technology giants have seized on a new legal tactic to fight claims of intellectual property theft, raising concerns in the U.S. that Beijing’s promises to strictly enforce patent and copyright laws will be undermined by Chinese courts.

Television host Mike Rowe premiered his new program "How America Works" on Monday on Fox Business Network, opening another chapter in the connection he has forged with America's tradesmen and essential workers.

The U.S. House Energy and Commerce Committee voted on Tuesday to give the Federal Trade Commission $1 billion to set up a bureau dedicated to improving data security and privacy and fighting identity theft.

The pharmaceutical company Pfizer has set explicit goals to fill a specific percentage of leadership positions with Black and Hispanic candidates by the year 2025 in the name of fighting "systemic racism."

A federal bankruptcy judge has signed off on OxyContin maker Purdue Pharma's plan to settle billions in lawsuits over the opioid crisis.

Countries around the world are putting restrictions on American travelers as the highly transmissible delta variant of the coronavirus continues to spread.

Despite more than seven months in office, President Biden has still not gotten a permanent head of the Food and Drug Administration installed.

Chairman of the Securities and Exchange Commission Gary Gensler argued on Thursday that the cryptocurrency “field is not going to reach any of its potential if it tries to stay outside of our laws.”

A member of the Sackler family that owns OxyContin maker Purdue Pharma says the billionaires will not agree to a settlement unless it includes liability protections for the heirs against waves of lawsuits over the opioid crisis.