An appeals court has revived a challenge to President Biden's Medicare drug price reduction program
A constitutional challenge to the Biden administration program enabling Medicare to negotiate lower prices for prescription drugs has been revived by a federal appeals court.
Google begins its defense in antitrust case alleging monopoly over advertising technology
Google has opened its defense against allegations that it holds an illegal monopoly on online advertising technology with witness testimony saying the industry is vastly more complex and competitive than portrayed by the federal government.
High insulin prices spur a federal lawsuit against three pharmacy benefit managers
The federal government is suing some pharmacy benefit managers over a system of drug rebates that regulators say has made the price of insulin soar for patients.
Facebook loses jurisdiction appeal in Kenyan court paving the way for moderators' case to proceed
Meta, Facebookโs parent company, has lost an appeal in a Kenyan labor court.
A strike by Boeing factory workers shows no signs of ending after its first week
Boeing has started rolling furloughs of nonunion employees as a week-old labor strike by 33,000 union machinists shows no signs of ending.
Were warning signs ignored? Things to know about this week's testimony on the Titan sub disaster
Last year, five people hoping to view the Titanic wreckage died when their submersible imploded in the Atlantic Ocean.
House backs measure to overturn Biden auto emissions rule that Republicans say would force EV sales
The Republican-controlled House approved a resolution Friday that would overturn a new Biden administration rule on automobile emissions that Republicans say would force Americans to buy unaffordable electric vehicles they donโt want.
Trump Media skids to new low on the first day the former president can sell his shares
Shares of Trump Media have slumped to new lows on the first trading day that its biggest shareholder, former President Donald Trump, is free to sell his stake in the company behind the Truth Social platform.
The AI boom may give Three Mile Island a new life supplying power to Microsoft's data centers
The owner of the shuttered Three Mile Island nuclear power plant says it plans to restart the reactor under a 20-year agreement that calls for tech giant Microsoft to buy the power to supply its data centers.
Seeking to counter China, US awards $3 billion for EV battery production in 14 states
The Biden administration is awarding $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce Chinaโs global dominance in battery production.
Brazil drought punishes coffee farms and threatens to push prices even higher
Brazilian coffee farmers are grappling with above-average temperatures as the country, the worldโs largest coffee producer, faces its worst drought in more than seven decades.
Stock market today: Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps
U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note.
Protests ousted Sri Lanka's last president. Ahead of new election, many are still waiting for change
Two years ago, tens of thousands of Sri Lankans rose up against their president and forced him to flee the country.
Passenger on a previous Titan sub dive says his mission was aborted due to apparent malfunction
A paid passenger on an expedition to the Titanic with the company that owned the Titan submersible testified before a U.S. Coast Guard investigatory panel Friday that the mission he took part in was aborted due to an apparent mechanical failure.
Civil rights groups call on major corporations to stick with DEI programs
A broad group of civil rights organizations are calling on the CEOs and board members of major companies to maintain their commitments to diversity, equity and inclusion initiatives.
23andMe directors resign as the CEO of the genetic-testing company seeks to take it private
All of 23andMeโs independent directors have resigned from its board in a rare move that marks the latest challenge for the genetic-testing company.
This fund has launched some of the biggest names in fashion. It's marking 20 years
Before they were household names, many top U.S. designers got their start at The Council of Fashion Designers of America/Vogue Fashion Fund.
Apple begins testing AI software designed to bring a smarter Siri to the iPhone 16
Apple is giving more people the chance to test a software update that will implant artificial intelligence into its virtual assistant Siri and automate a variety of tedious tasks on the latest iPhone coming out Friday.
Biden says Fed made 'declaration of progress' with interest rate cut
President Joe Biden is celebrating the Federal Reserveโs decision to lower interest rates by saying it shows that inflation has eased.
At Google antitrust trial, documents say one thing. The tech giant's witnesses say different
The judge who will decide whether Google holds a monopoly over technology that matches buyers and sellers of online advertising must choose whether to believe what Google executives wrote or what theyโve said on the witness stand.
A fire that burned for 4 days after Texas pipeline explosion has finally gone out
A fire that burned for four days after a pipeline explosion in the Houston suburbs burned out Thursday after the once-towering blaze put hundreds of nearby homes under evacuation orders.
Nearly 138,000 beds are being recalled after reports of them breaking or collapsing during use
Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart are being recalled across the U.S. and Canada.
US Senate panel OKs action against Steward Health Care CEO for defying subpoena
Members of a Senate committee looking into the bankruptcy of Texas-based Steward Health Care have adopted two resolutions designed to hold CEO Ralph de la Torre in contempt for not testifying before the panel.
JetBlue will imitate bigger and more successful rivals by opening airport lounges at JFK, Boston
JetBlue Airways plans to open its first airport lounges as part of a plan to get more business from premium travelers.
US home sales fell in August despite easing mortgage rates, more homes on the market
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising.
European Union moves to compel Apple to open up operating system to rival tech
The European Union says it will outline steps to compel Apple to open up its iPhone and iPad operating systems to competing technologies under the blocโs tough new digital rulebook, which threatens hefty fines for breaches.
A volunteer network of interpreters wants to make refugees' languages more accessible. Will AI help?
Refugees navigating resettlement often face a shared hurdle: poor machine translations and a short supply of interpreters knowledgeable in their less-serviced languages.
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
The Bank of England is keeping its main interest rate unchanged at 5% despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago.
A news site that covers Haitian Americans is facing harassment over its post-debate coverage of Ohio
Journalists at a news site that covers issues facing the Haitian community in the United States say they've been harassed and intimidated with racist messages for covering the false story about immigrants eating the pets of people in Springfield, Ohio.
Vietnamese real estate tycoon, already sentenced to death for fraud, faces trial on new charges
Vietnamese state media say the second trial for real estate tycoon Truong My Lan โ who was sentenced to death for financial fraud in April โ started on Thursday.
Titan submersible's scientific director says the sub malfunctioned just prior to the Titanic dive
The scientific director for the company that owned the Titan submersible that imploded last year while on its way to the Titanic wreckage testified that the sub had malfunctioned just prior to the fatal dive.
Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world
Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserveโs big cut to interest rates.
Georgia Sen. Jon Ossoff seeks more control over postmaster general after mail meltdown
As the U.S. Postal Service faces delivery slowdowns, U.S. Sen. Jon Ossoff, a Democrat from Georgia, has proposed legislation to impose stricter oversight on who leads the agency.
Oversight board says it will help speed up projects to fix Puerto Rico's electric grid
A federal control board that oversees Puerto Ricoโs finances says it will step in to help speed up projects to fix the islandโs crumbling power grid as widespread outages persist.
Teamsters union declines to endorse Trump or Harris for president
The International Brotherhood of Teamsters has declined to endorse Kamala Harris or Donald Trump for president, saying neither candidate has sufficient support from the 1.3 million-member union.
Memories of the earliest Tupperware parties, from one who was there
Tupperware became woven into America's cultural fabric after World War II by forgoing retail stores in favor of a direct-to-consumer sales model.
Treasury rule would expand tax credits for installing electric vehicle chargers
The Biden administration is moving to clarify how homeowners and businesses can receive lucrative tax credits for installing electric vehicle chargers.
What to know about the pipeline fire burning for a third day in Houston's suburbs
A pipeline fire that forced hundreds of people to flee their homes in the Houston suburbs is burning for a third day, with officials saying they donโt expect it to be extinguished until sometime Thursday evening.
The Federal Reserve is finally lowering rates. Here's what consumers should know
The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.
Boeing CEO says the company will furlough employees soon to preserve cash during labor strike
Boeingโs CEO says the company will begin furloughing a large number of employees to save cash during a strike by union machinists.
MrBeast and Amazon sued by competitors from his $5M reality show over alleged 'unsafe' conditions
MrBeast is accused of creating โunsafeโ employment conditions and misrepresenting contestantsโ odds at winning his new Amazon reality showโs $5 million grand prize.
European Union court largely upholds Qualcomm antitrust fine in 2019 antitrust case but trims fine
Qualcomm lost its bid to get a European Union antitrust penalty thrown out after a top court largely rebuffed the technology companyโs arguments in the case involving cellphone chipsets.
Biden administration to host international AI safety meeting in San Francisco after election
Government scientists and artificial intelligence experts from at least nine countries and the European Union will meet in San Francisco after the U.S. elections to coordinate on safely developing AI technology and averting its dangers.
Google wins legal bid to overturn 1.5 billion euro antitrust fine in EU digital ad case
Google has won a court challenge against a 1.49 billion euro European Union antitrust fine imposed five years ago that targeted its online advertising business.
Sri Lanka's plantation workers live on the margins. But politicians still want their votes
Both leading candidates in Sri Lanka's presidential election are promising to give land to the countryโs hundreds of thousands of plantation workers, but the long-marginalized group has heard promises like these before.
US military acknowledges Yemen's Houthi rebels shot down 2 MQ-9 Reaper drones
Yemenโs Houthi rebels have shot down two American MQ-9 Reaper drones in under a week, further highlighting the regional spread of the Israel-Hamas war.
Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight
The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers.
Federal Reserve signals end to inflation fight with a sizable half-point rate cut
The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers.
Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates
Most of the U.S. stock market edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates.
Trump pledges tariffs and repeats false claim of Chinese automakers building big Mexican factories
Former President Donald Trump has repeated false claims that Chinese automakers are putting up large factories in Mexico.
US nuclear repository is among the federally owned spots identified for renewable energy projects
Federal officials have identified more than 50 square miles of government-owned property across the U.S. as having great potential for renewable energy projects.
Longshoremen at key US ports threatening to strike over automation and pay
Determined to thwart the automating of their jobs, about 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nationโs cargo from ships.
What to know about the two waves of deadly explosions that hit Lebanon and Syria
Just one day after pagers used by hundreds of members of the militant group Hezbollah exploded, more electronic devices detonated in Lebanon Wednesday in what appeared to be a second wave of sophisticated, deadly attacks that targeted an extraordinary number of people.
Google says it will rethink its plans for a big data center in Chile over water worries
Google says it will halt plans to develop a major $200 million data center in Chile to address environmental concerns.
Tennessee is adding a 10% fee on football game tickets next season to pay players
Tennessee has announced a price hike for football tickets starting in 2025 with most of the increase going specifically to help pay players.
FAA wants to fine SpaceX $633,000 for alleged safety violations during 2 Florida launches
SpaceX faces $633,000 in fines for alleged safety violations during two Florida launches last year.
Railroads and regulators must address the dangers of long trains, report says
A new report says the U.S. has seen an increase in the number of a certain kind of derailment related to the forces created when railcars push and pull against each other as freight trains have gotten longer.
Kroger and Albertsons make a final pitch for their merger before a judge decides whether to block it
Kroger and Albertsons have made their final argument in federal court in support of their proposed merger.
US retail sales ticked up last month in sign of ongoing consumer resilience
Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate.
Instagram makes teen accounts private as pressure mounts on the app to protect children
Instagram is introducing separate teen accounts for those under 18 as it tries to make the platform safer for children amid growing backlash against how social media affects young peopleโs lives.
Fortified bouillon cubes are seen as a way to curb malnutrition in Africa
In Nigeria and other countries in sub-Saharan Africa, many households have limited access to nutrient-rich foods due to rising costs and the impact of climate change on agriculture and food systems.
Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
Shares of Intel are surging before the opening bell after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business.
Trump will soon be able to sell shares in Truth Social's parent company. What's at stake?
Donald Trump should have the opportunity starting Thursday to sell his shares in Trump Media & Technology Group, the company behind the Truth Social platform.
Facebook owner Meta bans Russia state media outlets over 'foreign interference'
Meta is banning Russia state media organization from its social media company platforms, alleging that the outlets used deceptive tactics to amplify Moscowโs propaganda.
Radio Nikki: Haley launching a weekly SiriusXM radio talk show at least through January
Nikki Haley says she's launching a weekly talk show on SiriusXM satellite radio starting next week.
Stock market today: Asian shares are mixed as Wall Street gears up for an interest rate cut
Shares are mixed in Asia as world markets gear up for the Federal Reserve's most anticipated meeting in years.
Stock market today: Wall Street stays stuck in place as it counts down to a rate cut
U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of whatโs expected to be the first cut to interest rates in more than four years.
A key employee says the Titan sub tragedy could have been prevented
A key employee who labeled a doomed experimental submersible unsafe prior to its last, fatal voyage testified Tuesday that the tragedy could have been prevented if a federal safety agency had investigated his complaint.
US judge unlikely to rule until next week as Arizona tribe fights to extend ban on lithium drilling
Members of an Arizona tribe urged a federal judge at a daylong hearing in Phoenix to extend a temporary ban on exploratory drilling for a lithium project near lands they have used for religious and cultural ceremonies for centuries.
Donald Trump doesn't share details about his family's cryptocurrency venture during X launch event
Republican presidential nominee Donald Trump has launched his familyโs cryptocurrency venture, World Liberty Financial, with an interview on the X social media platform.
Major companies abandon an LGBTQ+ rights report card after facing anti-diversity backlash
More than two decades ago, a national LGBTQ+ rights group decided to promote change by grading corporations on their workplace policies.
Trump to announce new cryptocurrency business
Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company World Liberty Financial, a crypto platform controlled by the Republican nomineeโs sons Donald Jr. and Eric.
UAW fight with Stellantis escalates as union files unfair labor charges over factory commitments
The United Auto Workersโ rift with Stellantis widened Monday as the union filed federal labor charges over possibly moving production of an SUV out of the country.
Bill Gates calls for more aid to go to Africa and for debt relief for burdened countries
The billionaire Microsoft co-founder and philanthropist Bill Gates thinks the richest governments should increase their support for African countries.
Musk deletes post about Harris and Biden assassination after widespread criticism
Elon Musk has deleted a post on his social media platform X in which he said โno one is even trying to assassinateโ President Joe Biden and Vice President Kamala Harris in the wake of another apparent assassination attempt on former President Donald Trump.
Amazon is requiring workers to be in the office five days a week starting next year
Amazon is requiring employees to be in the office five days a week starting next year, reverting to its pre-pandemic policy.
Postal Service insists it's ready for a flood of mail-in ballots
Postmaster General Louis DeJoy says heโll work with state election officials to address concerns about mail-in ballots after they warned of persistent problems during the primary season.
Control of Murdoch media empire at stake as hearing to proceed with mogul and children
Rupert Murdoch and his four children are in Nevada where they're scheduled to return to court Tuesday at an evidentiary hearing that could decide who controlโs Murdochโs media empire after his death.
Betting on elections threatens confidence in voting and should be banned, US agency says
The federal government is warning that allowing people to bet on the outcome of U.S. elections poses too much of a risk to be allowed in the United States.
The next generation of Buffetts is poised to become one of the biggest forces in philanthropy
When the legendary businessman and leader of Berkshire Hathaway, Warren Buffett, eventually passes away, the next generation of Buffetts โ Howard, Susie and Peter โ are poised to become one of the most powerful forces in philanthropy.
A state's experience with grocery chain mergers spurs a fight to stop Albertsons' deal with Kroger
Washington state is in court to try to block a proposed merger between Albertsons and Kroger.