President Joe Biden and Senator Bernie Sanders have urged Novo Nordisk and Eli Lilly to lower the prices of their popular weight loss drugs.
Industry
AI Investments Rise 47% in US Venture Capital Funding—Highest Level Recorded in 2 Years
US venture capital funding climbed to $55.6 billion in the second quarter, marking the highest level in two years, according to PitchBook data.
Amazon to Discontinue Its Astro for Business Security Robot
Amazon has announced it will discontinue its Astro for Business security robot and shift its focus back to household robots.
[TIMELINE] How Boeing Came Under Fire by Federal Lawsuit Over Fatal Crashes
Boeing has until July 5 to decide on whether to fight or plead guilty to the lawsuit filed by the Department of Justice for its alleged violation of a 2021 agreement that shielded it from criminal charges after a string of incidents involving its planes, employees, and other business lines.
Joe Biden Administration Allocates $504 Million to Scale Up 12 Technology Hubs in US
The administration of President Joe Biden has announced the awarding of $504 million in funding for 12 technology hubs in the US.
Latest News
The Biden administration canceled eight export licenses this year that had allowed several companies to send goods to the Chinese telecom giant Huawei.
The FTC has settled with Arise Virtual Solutions, requiring the company to pay $7 million for misleading gig workers about potential earnings and unlawfully requiring them to cover expenses.
Google's annual sustainability report revealed that despite efforts, the company's carbon emissions continued to rise in part due to challenges related to AI.
US officials said that drug traffickers for Mexico's Sinaloa cartel chose to launder money through Citi.
A federal judge has dismissed a lawsuit filed by several Massachusetts cannabis businesses seeking to challenge the existing federal prohibition on marijuana.
China has established a new entity that combines national oil producers and state firms to look for ultra-deep oil and gas reserves.
A federal judge in Louisiana has blocked the administration of President Joe Biden from pausing the approvals of liquefied natural gas (LNG) export applications.
The US Food and Drug Administration (FDA) has announced the recall of 135 batches of potassium chloride extended-release capsules due to potential risks of cardiac arrest.
A recent study warns of China-Russia oil pipelines' impact on permafrost, prompting environmental concerns and potential regulatory and operational challenges for energy and other businesses in Arctic regions.
