Oil prices surge on Iran war
NEW YORK, United States — Oil prices surged to their highest levels since 2022 as the Iran war intensified and markets priced in supply disruptions across the Middle East. The…
FDA Vaccine Chief to Exit in April
WASHINGTON, D.C. — Dr. Vinay Prasad, the FDA’s top vaccines and biologics regulator, will leave the agency at the end of April, a move announced by FDA Commissioner Marty Makary.…
Used-Car Prices Rise Ahead of Spring
DETROIT — U.S. wholesale used-vehicle prices rose in February as dealers built inventory for a strong spring selling season, according to Cox Automotive’s Manheim Used Vehicle Value Index. The index,…
Berkshire Restarts Buybacks as Abel Buys Shares
OMAHA, Neb., March 6 — Berkshire Hathaway has restarted share repurchases and new CEO Greg Abel bought about $15 million of the conglomerate’s stock, according to disclosures reported by Reuters;…
Mortgage rates dip below 6%
WASHINGTON, Feb. 27 — The average U.S. 30-year fixed mortgage rate slipped to 5.98% this week, the first time below 6% since September 2022, according to Freddie Mac’s Primary Mortgage…
Novo Nordisk cuts Ozempic, Wegovy prices
COPENHAGEN, Feb. 24 – Novo Nordisk said it will cut U.S. list prices for its blockbuster weight-loss drug Wegovy and diabetes treatment Ozempic effective Jan. 1, 2027, lowering the monthly…
U.S. starts 10% import surcharge
WASHINGTON, Feb. 24, 2026 — The United States imposed a temporary 10% import surcharge under Section 122 effective Tuesday, following the Supreme Court’s move to invalidate earlier IEEPA tariffs, Reuters…
Trump raises global tariffs to 15%
WASHINGTON, Feb. 23 — President Donald Trump said he would raise a worldwide import tariff to 15%, expanding a temporary levy announced after the Supreme Court struck down his earlier…
Court Strikes Trump Global Tariffs
WASHINGTON, Feb. 20 — The U.S. Supreme Court on Friday struck down President Donald Trump’s sweeping global tariffs imposed under the International Emergency Economic Powers Act, a 6-3 decision that…
Siemens raises 2026 profit outlook on data-center demand surge
ZURICH — Siemens raised its full-year profit outlook after reporting better-than-expected first-quarter results, driven by AI-related data-center demand, Reuters reported and Defense World noted in an earnings-call recap. Reuters said…