President Donald Trump’s tariffs on Canada, Mexico, and China could worsen existing drug shortages in the U.S., raise healthcare costs for patients, and threaten generic drugmakers, according to […]
Trump’s consumer watchdog freezes CFPB activity on first day of job
On February 3, 2025, U.S. Treasury Secretary Scott Bessent, who took over as President Donald Trump’s new acting consumer finance watchdog, halted virtually all pending activities at the […]
State Farm asks for insurance rate hike of 22 percent after L.A. fires
Wildfires in Los Angeles have caused significant destruction, with at least 27 people dead and thousands of buildings destroyed. The Palisades Fire has burned through more than 23,700 […]
Fed officials see inflation risks from Trump’s tariffs
The Trump administration’s plans for trade tariffs come with inflation risks, three Federal Reserve officials warned on Monday, with one arguing that uncertainty over the outlook for prices […]
CFPB halts work after Trump appoints Bessent as acting head
President Donald Trump on Monday appointed Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau (CFPB), a powerful watchdog agency whose operations Bessent […]
Trump tariffs could raise medication costs and exacerbate shortages, drug trade groups warn
President Donald Trump’s steep tariffs on Canada, Mexico, and China could worsen existing drug shortages in the U.S., raise healthcare costs for patients, and threaten cash-strapped generic drugmakers, […]
CFPB halts work after Trump appoints Bessent as acting head
President Donald Trump on Monday appointed Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau (CFPB), a powerful watchdog agency. Bessent immediately halted […]
‘America First’: Largest steel producer in US announces support of Trump tariffs
The CEO of Nucor Corp., the largest steel producer in the U.S., endorsed President Donald Trump’s tariffs on China, Canada, and Mexico. Leon J. Topalian, the chair, president, […]
State Farm asks for insurance rate hike of 22 percent after L.A. fires
Wildfires in Los Angeles have resulted in at least 27 deaths. The Palisades Fire has destroyed thousands of buildings and burned through more than 23,700 acres, while the […]
Trump orders creation of US sovereign wealth fund, says it could buy TikTok
WASHINGTON, Feb 3 (Reuters) – U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying […]