President Joe Biden speaks during an event at the National Institutes of Health in Bethesda, Maryland on December 14, 2023.Chris Kleponis | Bloomberg | Getty ImagesThe federal Medicare program must negotiate prices for at least 50 prescription drugs each year, up from the current goal of 20, President Joe Biden said Wednesday. This is one of several new health care policy proposals Biden will outline during his State of the Union address on Thursday, according to a fact sheet released by the White House on Wednesday. Many of these efforts are aimed at expanding portions of the FRA geared toward…
Author: ricardofrancois
SpaceX aims to launch its massive Starship rocket for the third time on March 14, the company has confirmed In a post on social media Wednesday. SpaceX is still awaiting regulatory approval from the Federal Aviation Administration for the launch, without which the spacecraft will remain grounded. But although the FAA had not yet given SpaceX the green light for the next mission, there were indications that the company was expecting to get one soon. Just last weekend, teams at the Starbase facility in southwest Texas completed critical “wetsuit” training for the launch, loading the nearly 400-foot-tall rocket with more…
 AI Font 3D in digital cyberspace, AI Chatbot, generative artificial intelligence technology, future abstract background of business science and technology.Mr.cole_photographer | moment | Getty ImagesFormer software engineer at Google A man has been charged with stealing artificial intelligence technology from a company while he was secretly working with two companies based in China, the Justice Department said Wednesday.Linwei Ding, a Chinese national, was arrested in Newark, California, on four counts of theft of federal trade secrets, each punishable by up to 10 years in prison.The case against Deng was announced at an American Bar Association conference in San Francisco…
The US private sector added 140,000 jobs in February, indicating a modest uptick in the labor market ahead of job openings numbers later this morning and the official non-farm payrolls report on Friday.Job gains in February exceeded the 111,000 in January but fell below the 150,000 expected by economists polled by LSEG. Wage growth for those who remained in their jobs continued to slow, falling to an annual increase of 5.1 percent, the smallest increase since August. This is likely to be an encouraging sign for policymakers trying to tame inflation.“Job gains remain strong. Wage gains are trending downward but…
Elon Musk's choice to be Travis County District Attorney in Texas lost on Tuesday, hours after his victory Tesla The CEO sent out a company-wide email urging employees to follow in his footsteps.Jeremy Celestin, the Democratic challenger to incumbent Jose Garza, was defeated early on Super Tuesday, with Garza winning by more than 30 points. Musk appears to have deleted his post on social media site X endorsing Celestine.Celestin ran on a platform of trying more cases, investing in public safety initiatives and relying on more jury trials. Musk, who moved from California to Texas several years ago and later…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Jeremy Hunt made major changes to the tax system for so-called “non-residents” in his budget, scrapping the colonial-era concept of domicile in taxation and reducing the amount of time people can benefit from status benefits. Non-residents are UK residents who are considered to have a permanent home outside Britain. The system, which dates back more than 200 years, allows people resident abroad to pay UK tax on their UK income and capital gains only. Unlike UK residents, who pay tax to HMRC…
Southern Californians will see another round of rain and snow starting Wednesday, but precipitation totals are expected to remain low in most areas, resulting in little disruption. The biggest threat from the system is unpredictable thunderstorms, which could bring heavy rain and flash flooding Wednesday afternoon and evening to some communities along the coast and valleys, according to Rose Schoenfeld, a National Weather Service meteorologist in Oxnard. “In thunderstorms, rain rates can reach up to an inch per hour — heavy rain,” Schoenfeld said. She added that this would be isolated to a limited number of areas, but it was…
Check out the companies making headlines in midday trading. CrowdStrike – Shares of the cybersecurity company rose more than 15% after beating Wall Street's quarterly estimates and issuing strong guidance. CrowdStrike reported adjusted earnings of 95 cents per share on revenue of $845 million. Management also reiterated its plan to reach $10 billion in annual recurring revenue by 2030. JD.com – The Chinese e-commerce platform rose nearly 19% after posting a quarterly revenue increase. The company also launched a $3 billion stock purchase program, set to begin this month, and will continue through March 2027. Nordstrom shares fell 14% after…
Hello and welcome to working on it.I'm in Hong Kong for the first time – and I love it. Its borders have been closed during the pandemic, and it has faced political turmoil and uncertainty in recent years, but it remains a dynamic – and highly business-focused – place. Hong Kong is also diverse in its work: it is a coastal city where different communities have mixed for centuries. (I went to a fascinating lecture on this topic by Foden England, author of Fortune's Bazaar, a new book about Hong Kong's multicultural history.) Note: If you miss office therapy, it…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.More than £1 billion in tax breaks for the UK's creative industries were provided in the Chancellor's Spring Budget to encourage film production and boost orchestras, theatres, museums and galleries.Chancellor of the Exchequer Jeremy Hunt on Wednesday announced a new tax break for independent films in the UK with a budget of less than £15 million.The policy aims to help the sector which has been threatened by cuts in commissioning budgets for large broadcasters in the US and public sector broadcasters in…