President Joe Biden's program under the Inflation Reduction Act of 2022, allowing Medicare to negotiate drug prices directly with manufacturers, will face major tests in 2024.
Industry
Russia's Manufacturing Sector Grows Fastest in 7 Years in December
Activity in Russia's manufacturing industry scaled up at its fastest pace in almost seven years in December, according to a business survey.
Drugmakers, Including Pfizer and Sanofi, Set to Raise US Prices on at Least 500 Drugs in January
Several major drug companies, including Pfizer, Sanofi, and Takeda Pharmaceutical, are gearing up to implement price hikes on over 500 drugs in the United States in early January.
Nvidia to Launch a New Slower Gaming Chip in China to Comply With US Export Controls
US semiconductor giant Nvidia plans to introduce a slower version of its gaming processor in China to comply with US export restrictions.
Joe Biden Extends Suspension of Trump-Era EU Steel, Aluminum Tariffs for 2 Years
President Joe Biden has extended the suspension of tariffs on European Union (EU) steel and aluminum for two more years.
Latest News
Russia has expressed anger over Japan's move to help Ukraine and South Korea's economic sanctions against Moscow.
A factory worker at the Tesla Giga Texas facility was reportedly attacked by a robot, which pushed its claws into his body.
US-based online retailer Zulily has announced its closure, surprising its customers and hundreds of employees who will be laid off.
The delivery of Russian Sokol grade crude oil to the Indian Oil Corp has faced a delay. The delivery of Russia's Sokol crude oil to the Indian Oil Corp (IOC) has reportedly faced a setback due to payment issues, causing shipment delays.
Two cities in northwestern China have implemented preventive measures to address an anticipated heavy pollution surge in the coming days.
The United States has successfully finalized contracts to buy three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) following last year's record-setting sale, the US Department of Energy disclosed.
Mexico launched its army-run airline on Tuesday when the new Mexicana de Aviacion airline's first flight took off from Mexico City.
Warner Bros. Discovery's latest film, "The Color Purple," has outperformed expectations after earning the second-highest Christmas Day opening of all time.
The Israeli government has approved to give Intel a $3.2 billion grant for its upcoming $25 billion chip plant in southern Israel.
