Economy

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Cancer-Drug Costs Skyrocket, Leaving Even Insured Patients in Financial Ruin

As cancer rates rise for people under 50, the cost of life-saving treatment is rising far past their ability to pay.

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Johnson & Johnson to Pay $700 Million Settlement Over Talc Powder

The company will pay in four annual instalments beginning July 30.

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Rio Tinto to Invest $215 Million in Low-Carbon Steelmaking R&D Facility

The new facility in Western Australia is expected to use raw biomass and microwave energy to convert iron ore to metallic iron in the steelmaking process.

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Toyota Recalls Over 100,000 Tundra, Lexus LX Vehicles Due to Possible Debris in Engine

The recall impacts 2022 and 2023 model year Toyota Tundra pickups and Lexus LX cars.

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J&J Must Pay $260 Million in Latest Talc Trial, Oregon Jury Says

Johnson & Johnson must pay $260 million to an Oregon woman who said she got mesothelioma, a deadly cancer linked to asbestos exposure, from inhaling the company’s talc powder, a jury found on Monday. The verdict in the 4th Judicial District Circuit Court in Portland comes as the company continues to pursue a proposed $6.48 […]

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IRS Issues Tax Filing Deadline Reminder to Taxpayers Working Abroad

Taxpayers who live outside the United States and Puerto Rico may qualify for the extended June 17 deadline.

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US Restricts Poultry Imports From Australian State Following Bird Flu Outbreak

This follows the bird flu being discovered on two Victorian properties.

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Major Automakers Imported Cars With Parts Linked to Forced Labor in China, Senate Probe Finds

The automakers failed to discover that one of their tier-3 suppliers is a sanctioned Chinese company.

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Senate Votes to Scrap SEC Crypto Policy, Biden Vows to Veto Joint Resolution

Eleven Senate Democrats joined Republicans to cancel SEC guidance on cryptocurrency.

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US Inflation Slows for First Time Since January

Shelter and gasoline prices added to inflation pressures in April.

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Producer Prices Rise Hotter Than Expected as Inflation Pressures Persist

The producer price index (PPI) has surged 25 percent cumulatively since January 2021.

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Paradox Policies, Mining Laws, CCP Market Monopoly Dig Into Biden ‘Green Energy’ Push

Few of 80 planned lithium projects in Nevada will survive litigative, regulatory review. Those that do may need subsidies to offset China ‘cartel’ price-fixing.

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Tesla Cuts US Prices for 3 of Its Electric Vehicle Models After a Difficult Week

Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric […]

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Google Lays Off Employees, Shifts Some Roles Abroad Amid Cost Cuts

Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs. The Google spokesperson said the layoffs are not company-wide and that affected employees will be able to apply for internal roles, but did not specify […]

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Biden Spending $300 Million on Sanctuary Cities

Millions of illegal immigrants have entered the country during the Biden administration, posing significant economic and social challenges.

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Elon Musk Says Congress Has Inquired About X’s Actions in Brazil

The owner of X challenged a court order in Brazil requiring the removal of certain accounts on the social media platform.