U.S. President Donald Trump has announced new agreements with nine pharmaceutical companies aimed at reducing the cost of prescription medicines for Americans. The deals, announced Monday, expand the Trump administration’s “Most Favored Nation” (MFN) pricing strategy, which seeks to bring U.S. drug prices closer to the lowest prices paid in other developed countries. The companies…
A key U.S. immigration rule allows certain close family members of American citizens to apply for permanent residency without waiting for an immigrant visa number to become available. Under U.S. immigration law, immigrant visas for immediate relatives of U.S. citizens are unlimited, meaning there is no annual numerical cap on these visas. The category generally…
California State Senator Aisha Wahab has won the special election for California’s 14th Congressional District, making history as the first Afghan American elected to the U.S. Congress. Wahab, a Democrat, defeated fellow Democrat Melissa Hernandez in the closely watched special election to fill the House seat previously held by former Representative Eric Swalwell. With more…
President Donald Trump has announced a new 90-day initiative aimed at bringing down the cost of ground beef in the United States, with imported beef expected to be sold at 25% below current market prices. Under the plan announced Friday, the U.S. will allow up to 300,000 metric tons of beef intended for ground beef…
President Donald Trump has said the U.S. Commodity Futures Trading Commission (CFTC) is working on a pathway to bring Hyperliquid, a major blockchain-based derivatives trading platform, into the United States. Speaking at a White House meeting with cryptocurrency and technology executives, Trump said CFTC Chairman Michael Selig was working to bring Hyperliquid into the country…
About $420 billion in market value was reportedly erased from U.S. stocks at the market open, as rising Treasury yields and renewed concerns over the bond market weighed heavily on investor sentiment. The sell-off comes amid a broader global bond-market rout that has pushed long-term government borrowing costs to multi-year highs. On Tuesday, the yield…
The US government has reportedly urged Apple to stop plans to source memory chips from Chinese manufacturers, according to The Wall Street Journal, adding another layer of tension to the technology supply chain between Washington and Beijing. Apple has been testing memory chips produced by Chinese semiconductor companies CXMT and YMTC as the company looks…
Prescription drug prices in the United States have recorded their sharpest annual decline in more than six decades, offering a rare sign of relief for consumers even as broader healthcare costs continue to rise. Prices for prescription drugs fell 3.1 per cent in the 12 months through July 2026, marking the steepest year-on-year decline since…
The United States Securities and Exchange Commission (SEC) has postponed a meeting that was expected to advance its proposed Regulation Crypto framework, delaying a closely watched step in the agency’s efforts to establish clearer rules for digital assets. The SEC had scheduled the meeting for Friday, August 14, with a single agenda item focused on…
The United States’ national debt has reached a historic milestone, climbing to approximately $39.89 trillion, according to the latest figures released by the U.S. Treasury Department. The total places the country’s debt on the verge of surpassing the $40 trillion mark for the first time in American history. The rapid growth in federal borrowing highlights…
