South Korea says US Chips Act subsidies have too many requirements
SK Group of South Korea has pledged a $15 billion U.S. investment that includes semiconductor research and development.
US challenges Mexico’s plan to phase out imports of corn from GMO seeds
During 2022, Mexico purchased nearly $5 billion worth of corn from the U.S., making it the second largest importer after China. US exports to Mexico are GMO based.
JetBlue, Spirit brace for Justice Department lawsuit to block airlines’ merger
JetBlue expects a lawsuit from the Justice Department over the $3.8 billion merger with Spirit Airlines; Spirit argues deal would save customers millions.
FDA to decide on full approval of Alzheimer's treatment Leqembi in early July
The FDA will decide on July 6 whether to grant full approval to the new Alzheimer's treatment Leqembi, Japanese drugmaker Eisai and its U.S. partner Biogen said.
Family sues Airbnb after toddler dies of fentanyl overdose in rental
The Lavenir family filed a wrongful death lawsuit against Airbnb, a rental owner, and the prior renter after their 19-month-old daughter died due to fentanyl exposure.
Washington offering drug offenders priority status for 'social equity' licenses to sell weed
The Washington State Liquor and Cannabis Board is offering available retail licenses to sell marijuana, prioritizing former offenders in the name of "social equity."
Economy, job market among nation’s most pressing issues, say concerned Americans
People in Austin, Texas, identified what they believed to be the most pressing issues facing America currently, with over half of people pointing to the economy
Investors pull around $6 billion out of Binance's stablecoin
Binance USD, Binance's stablecoin pegged to the US dollar has seen outflows equivalent to more than 1/3 its market cap as regulatory pressure scares investors away.
Congress investigates how pharma middlemen affect drug prices
House Republicans are investigating pharmacy-benefit managers, middlemen in drug price negotiations, over whether they create unnecessary costs for prescription drugs.
Huawei export licenses could be revoked by US
Huawei was previously placed on the US Commerce Department’s blacklist over concerns China could use the company’s telecommunications tech for spying.
US manufacturers urge House select committee on the CCP to help American businesses compete with China
The National Association of Manufacturers is calling on the House select committee on the U.S.-China competition to take steps to enhance the American manufacturing sector.
Supreme Court to hear challenge to Consumer Bureau’s funding
The CFPB's creation was a part of the Dodd-Frank financial overhaul intended to safeguard consumer welfare. It's constitutionality has been questioned by Republicans for years.
UPS employees in Texas charged with trafficking cocaine
Two UPS employees are part of a group of five accused of trafficking cocaine in southern Texas. Law enforcement seized approximately 60 kilograms of cocaine.
How Russia’s invasion of Ukraine changed financial markets
Russia's invasion of Ukraine, one year ago, could have permanent negative consequences for the global economy, inflation, and financial markets caused by reduced trade.
US regulators warn banks of heightened liquidity risks in crypto-related deposits
Office of the Comptroller of the Currency joined the Federal Reserve and Federal Deposit Insurance Corp. in issuing the joint warning about crypto's risks.
US aims to create semiconductor manufacturing clusters with Chips Act funds
US Secretary of Commerce Gin Raimondo lays out Washington's plan to organize and shape the semiconductor manufacturing industry from the top, down, through 2030.
Listening to Hong Kong: China surveillance like law forces real-identity registration for all cell phone use
All SIM cards in the Hong Kong have to be real-name registered. Phone numbers not linked to a person's identity will be deactivated. This is the latest attempt by the Chinese mainland to tighten its control over the citizens of Hong Kong.
UK trade chief rips Biden's 'protectionist' policies
U.K. Business and Trade Secretary Kemi Badenoch on Tuesday slammed President Biden's Inflation Reduction Act as "protectionist" and warned it could cause supply chains to fail.
War in Ukraine: The economic impact on energy and food one year after Russia's invasion
The one-year anniversary of Russia's invasion of Ukraine arrives on Friday and the war has caused major economic volatility, particularly in energy and food commodities.
Biden admin declines to overrule trade court's import ban on Apple Watch
The Biden administration declined to block the U.S. International Trade Commission's import ban on Apple Watches that allegedly infringed on AliveCor's patented technology.