Medicare to Cover Weight Loss Drug Wegovy for Heart Disease Patients
Medicare coverage for Wegovy will not extend to members intending to use the obesity drug solely for weight loss purposes.
Funding
US President Joe Biden Unveils AI Data Center Plans at Wisconsin
President Joe Biden unveiled Microsoft's $3 billion investment in an AI data center in southeast Wisconsin, addressing the soaring demand for computing power in the AI sector.
Steward Health Care Puts All 31 Hospitals up for Sale to Address $9 Billion Debt After Filing for Bankruptcy
Steward Health Care has reportedly listed all its 31 hospitals in the United States for sale to pay off its $9 billion debt...
Social Security and Medicare Get Boost From Stronger US Economy, But Funds Expected to Run Short in 2035
Social Security and Medicare have improved due to stronger-than-expected economic growth. However, the safety-net programs are still expected to face a funding crisis in approximately ten years...
Heineken Announces £39 Million Investment to Reopen 62 Closed UK Pubs
The focus of the investment will be on reopening 62 pubs that were previously closed and renovating 94 existing outlets...
Apple Spends Less on AI Than Rivals; Investors Worried About Sales
Despite rivals investing heavily in AI-focused infrastructure, Apple, ...
FCC Faces Funding Shortfall in Effort to Remove Chinese Tech Giants Huawei, ZTE From Networks
A US scheme to pay carriers and ISPs to remove Huawei and ZTE equipmen...
Latest News
Biden Administration Supercharges Intel's Semiconductor Chip Output with $20 Billion Grant
The Biden administration's $20 billion grant to Intel aims to strengthen the semiconductor chip output in the U.S. and reduce dependency on foreign chip production, particularly from China and Taiwan.
Decoding CHIPS Act: How Arizona Stands to Benefit from Legislation
An Arizona State University-led consortium with over 70 partners received $40 million from the US Department of Defense under the CHIPS Act.
Polyhedra Network Rockets to $1 Billion Valuation with $20M Strategic Funding Round, Backed by Major Crypto Players
Polyhedra Network secured $20M in funding, led by Polychain Capital and Animoca Brands, for a valuation of $1B. Innovative zero-knowledge proofs drive its global expansion in Web 3 infrastructure.
Reddit IPO: Social Media Platform Seeking $748 Million in Highly Anticipated Stock Launch
Reddit wants $748 million to reach $6.5 billion in its most anticipated IPO in the US.
National Science Board Favors Funding 'Extremely Large Telescope' With $1.6 Billion Over Other Telescopes
The National Science Board proposes $1.6 billion for a new "extremely large telescope" amid deliberations over two competing proposals.
Elon Musk Declares No Financial Support for Biden or Trump Presidential Campaigns
Elon Musk has announced he will not donate to US presidential candidates Donald Trump or Joe Biden following reports on a weekend meeting with Trump and other wealthy Republican contributors.
Grayscale Launches Innovative Crypto Staking Fund: A Game-Changer in Cryptocurrency Income Generation
Grayscale introduces the Grayscale Dynamic Income Fund, which will integrate assets from nine blockchains and award US dollars every three months.
British Weapons Manufacturer BAE Systems Record High Profits Amid War in Ukraine and Gaza
BAE systems saw a spike in their profits in 2023 alone, amounting to $27.3 billion as a weapons manufacturer amid war in Ukraine and Gaza.
Joe Biden Is Cutting 18% of Pentagon's F-35 Jet Order in 2025 Budget Request: Report
President Joe Biden reportedly wants to cut the number of F-35 jets the Pentagon will buy next year.
