Author: Reuters

NEW YORK – Drugmakers plan to raise U.S. prices on at least 350 branded medications including vaccines against COVID, RSV and shingles and blockbuster cancer treatment Ibrance, even as the Trump administration pressures them for cuts, according to data provided exclusively by health care research firm 3 Axis Advisors. The number of price increases for…

The attorney general of the U.S. Virgin Islands has sued Meta Platforms, accusing the Facebook and Instagram owner of deliberately profiting from advertisements for scams and failing to keep its social media platforms safe for children. “Meta knowingly and intentionally exposes its users to fraud and harm. It does so to maximize user engagement and,…

The Federal Reserve agreed to cut interest rates at its December meeting only after a deeply nuanced debate about the risks facing the U.S. economy right now, according to minutes of the latest two-day session. Even some of those who supported the rate cut acknowledged “the decision was finely balanced or that they could have supported keeping…

Warner Bros. Discovery is expected to reject Paramount Skydance’s amended $108.4 billion hostile bid, CNBC reported on Tuesday, despite billionaire Larry Ellison backing the media giant’s offer with a personal guarantee. Warner Bros and Paramount Skydance declined to comment on the report. The decision could keep Warner Bros. on track to pursue a rival cash-and-stock…

JERUSALEM – Nvidia is in advanced talks to buy Israel-based AI startup AI21 Labs for as much as $3 billion, the Calcalist financial daily reported on Tuesday. Nvidia declined to comment, while AI21 was not immediately available to comment. A 2023 funding round valued AI21 at $1.4 billion. Nvidia and Alphabet’s Google participated in that funding. AI21, founded in 2017…

 Contracts to purchase previously owned U.S. homes unexpectedly shot to the highest in nearly three years in November, as improving affordability conditions drew in buyers, the National Association of Realtors said Monday. Pending home sales rose 3.3% last month after an upwardly revised 2.4% gain in October, the NAR said. Economists polled by Reuters had…

 A see-saw year for the U.S. economy in 2025 looks set to give way to a stronger 2026 thanks to tailwinds from President Donald Trump’s tax cuts, less uncertainty around tariffs, the ongoing artificial intelligence boom and a late-year run of interest-rate reductions from the Federal Reserve. Among the biggest drivers of a pickup in growth,…

WASHINGTON – A federal judge in Texas on Tuesday blocked Texas from enforcing a new state law aimed at protecting children by requiring app stores and developers to verify the age of users, in a win for Apple , Alphabet’s Google and other technology companies. U.S. District Judge Robert Pitman in Austin issued a preliminary…

 President Donald Trump’s administration on Tuesday said it will slap tariffs on Chinese semiconductor imports over Beijing’s “unreasonable” pursuit of chip industry dominance, but would delay the action until June 2027. The tariff rate will be announced at least 30 days in advance, according to the filing, which follows a year-long “Section 301” unfair trade…