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WASHINGTON (AP) — Weight loss and diabetes drugs such as Ozempic and Wegovy have been added to Medicare’s list of medications that will be negotiated directly between the federal government and drug manufacturers, the Biden administration said last week. The price negotiations for the additional 15 drugs selected will be handled by the Donald Trump [...]
WASHINGTON (AP) — A 2022 law, touted by President Joe Biden as a way to revive the nation’s manufacturing of semiconductors and reduce reliance on foreign-made computer chips, allegedly could “sharply increase production’’ of semiconductors in the United States. If it does so, though, it will be at a high cost and might not deliver [...]
WASHINGTON (AP) — Inflation accelerated last month as prices for gas, eggs, and used cars rose, yet underlying price pressures also showed signs of easing, bolstering hopes that the Federal Reserve could still cut its key interest rate this year. The consumer price index rose 2.9 percent in December from a year ago, a new [...]
LOS ANGELES (AP) — President Joe Biden earlier this week signed an executive order that seeks to ensure the infrastructure needed for advanced artificial intelligence operations, such as large-scale data centers and new clean-power facilities, can be built quickly and at scale in the United States. The executive order directs federal agencies to accelerate large-scale [...]
JEFFERSON CITY, Mo. (AP) — New Missouri Gov. Mike Kehoe this week is expected to issue a variety of orders targeting crime. The move reflects a national trend. After a period of relaxed sentencing laws, a tough-on-crime approach is back in political favor across the country. Republicans and Democrats alike are promoting anti-crime initiatives as [...]
WASHINGTON (AP) — Hiring increased in December as employers added 256,000 jobs, according to a new Labor Department report. The report, released last week, showed that job growth was up last month from 212,000 in November. The unemployment rate dropped to 4.1 percent from 4.2 percent in November. For all of 2024, the economy added [...]
LAS VEGAS (AP) — When Russell Maichel started growing almonds, walnuts and pistachios in the 1980s, he didn’t own a cellphone. Now, a fully autonomous tractor drives through his expansive orchard, spraying pesticides and fertilizer to protect the trees that he says have for decades filled him with an immense sense of pride. “The sustainability [...]
BOSTON (AP) — New research indicates students are paying less to attend public universities than they were a decade ago — and tuition increases at private colleges have slowed after years of hikes. Figures compiled by the non-profit College Board indicate the average student attending an in-state public university this year faces a tuition bill [...]
DETROIT (AP) — New vehicle sales rose 2.7 percent last year as prices and interest rates fell, making SUVs, cars and trucks a little more affordable than in the previous year. Industry analysts say discounts such as rebates and low-interest financing should get even better later in 2025, with the biggest deals to be had [...]
WASHINGTON (AP) — President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow to block the acquisition of the iconic American company. “We need major U.S. companies representing the major share of U.S. steelmaking capacity to keep leading the [...]