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After months of personal attacks, Vance and Walz didn't trade serious blows until the end. AdvertisementEchoing Trump, Vance questioned why Harris hadn't already worked on passing some of her economic policies. Related storiesVance is also not former Vice President Mike Pence. In his closing statement, Walz praised a coalition that had brought former Vice President Dick Cheney and Taylor Swift together. Vance accused Walz of abandoning his National Guard unit by retiring before his service members were deployed to Iraq.
Persons: Sen, JD Vance, Tim Walz's, Vance, Walz didn't, , Tim Walz, Trump, Walz, Kamala Harris, Harris hadn't, Trump's MAGA, Mike Pence, George W, Bush, Amber Nicole Thurman, Amber Thurman, Harris, Dick Cheney, Taylor Swift, Darth Vader, I've, " Walz, Donald Trump, Joe Biden's Organizations: Gov, Service, Ohio, Nice, Former, Ohio Republican, Republican Party, Democratic, Capitol, National Guard, Trump, Biden Locations: Minnesota, Springfield , Ohio, Georgia, Arizona, Iraq
Sen. JD Vance had a good night during the vice presidential debate. But the GOP vice presidential nominee fumbled on the subject of the 2020 election. Vance refused to give a direct answer when asked if former President Donald Trump lost the 2020 race. Former Vice President Mike Pence wasn't on the stage for Tuesday night's vice presidential debate because he refused to help Trump overturn the election. Walz: Did Donald Trump lose the 2020 election?
Persons: Sen, JD Vance, Vance, Donald Trump, , Ohio, Mike Pence wasn't, Trump, Pence, Vance couldn't, Gov . Walz, I’m, Walz, h1MXP2fGY8 — Kamala, Tim Walz, Donald Trump's, didn't, Tim, I'm, Kamala Harris, It's, Mike Pence, " Walz, president's, Will, doesn't, Joe Biden's, Harris Organizations: Service, Republican, Gov, Minnesota Gov, Midwest Niceness, Capitol, Ohio Republican, CNN Locations: Springfield , Ohio, Minnesota, America, Ohio
Tim Walz and JD Vance are debating on Tuesday night for the first and only time. Tim Walz of Minnesota met on Tuesday night for the first and only vice presidential debate. Tuesday night's faceoff represents an opportunity for both Walz and Vance to introduce themselves to their biggest audience yet while reinforcing their respective running mates' campaign messages. AdvertisementWalz then pivoted to attacking Trump, saying that "a nearly 80-year-old Donald Trump talking about crowd sizes is not what we need in this moment." "I think it's important for us, first of all, to say Donald Trump and I support clean air, clean water.
Persons: Tim Walz, JD Vance, Trump, Harris, , Sen, Joe Biden's, Kamala Harris, Donald Trump, faceoff, Walz, Vance, Israel —, YIKES, TZsI1jPjtK — Curtis Houck, Israel, " Walz, Hurricane Helene, They've, We're, mics, you've, PxZ4nmphNW — Aaron Rupar, who've, Rochester , Minnesota —, I've, IpXc26KOBx, Gus, Tim, We've, we've, Usha, Hillary Clinton, Vladimir Putin, It's, Donald Trump's, Mike Pence Organizations: Service, Ohio, Gov, Trump, Biden, Republicans, Mayo Clinic, CNN, CBS, Buckeye State, Democratic, Facebook Locations: Minnesota, Iranian, Israel, Iran, Gaza, United States, Ohio, Hurricane, Tennessee, North Carolina, Mexico, Springfield, Rochester , Minnesota, China, Hong Kong, Asia
Jimmy Carter has accomplished something no other former U.S. president has — he notched a 100th birthday. Carter, who served one term in the White House, hit the milestone Tuesday at his home in Plains, Georgia, where he has been receiving hospice care for the last 19 months. “I’m only trying to make it to vote for Kamala Harris,” Carter said, his grandson, Jason Carter, told The Atlanta Constitution. A former peanut farmer and Navy veteran, Carter has lived nearly six years longer than another age-defying former president, George H.W. President Jimmy Carter and his wife, Rosalynn, dance at the annual Congressional Christmas Ball at the White House in 1978.
Persons: Jimmy Carter, Carter, “ I’m, Kamala Harris, ” Carter, Jason Carter, George H.W, George H.W . Bush, Allman, , couldn’t, Rosalynn Carter, Ira Schwarz, Camp David, Ronald Reagan, Carter's, Donald Trump, Joe Biden's, Trump Organizations: Atlanta Constitution, Navy, Republican, Fox Theater, Georgia Public Television, White House, Camp, Camp David Accords, Soviet Union, Humanity, Carter Center, U.S, Capitol, New York Times Locations: Plains , Georgia, Georgia, Atlanta, George H.W ., Southern, Israel, Egypt, Soviet
Israel launched a "limited" ground offensive in Lebanon after killing a top Hezbollah leader in airstrikes. Foreign policy experts said Israeli Prime Minister Benjamin Netanyahu and the US don't see each other as reliable partners. The ground offensive came after a series of airstrikes on September 27 that killed Hezbollah's longtime chief, Hassan Nasrallah, a major victory for Israeli Prime Minister Benjamin Netanyahu. AdvertisementHe added that the prime minister may also consider the US an unreliable partner. AdvertisementRepresentatives for the State Department and the Israeli prime minister's office did not respond to requests for comment from Business Insider.
Persons: Israel, Benjamin Netanyahu, , Hezbollah's, Hassan Nasrallah, Netanyahu, Israel's, Chuck Freilich, Barack Obama's, Benjamin Radd, Joe Biden's, Radd, Donald Trump, Biden weren't, Sean McFate, Bibi, McFate, Nasrallah, Biden Organizations: Service, Israel Defense Forces, Israeli, Hamas, Columbia University, UCLA Center for Middle East Development, Syracuse University, Reuters, State Department, Business Locations: Lebanon, Iran, Israel, Gaza, America, Rafah
Israel launched a "limited" ground offensive in Lebanon after killing a top Hezbollah leader in airstrikes. Foreign policy experts said Israeli Prime Minister Benjamin Netanyahu and the US don't see each other as reliable partners. The ground offensive came after a series of airstrikes on September 27 that killed Hezbollah's longtime chief, Hassan Nasrallah, a major victory for Israeli Prime Minister Benjamin Netanyahu. AdvertisementHe added that the prime minister may also consider the US an unreliable partner. AdvertisementRepresentatives for the State Department and the Israeli prime minister's office did not respond to requests for comment from Business Insider.
Persons: Israel, Benjamin Netanyahu, , Hezbollah's, Hassan Nasrallah, Netanyahu, Israel's, Chuck Freilich, Barack Obama's, Benjamin Radd, Joe Biden's, Radd, Donald Trump, Biden weren't, Sean McFate, Bibi, McFate, Nasrallah, Biden Organizations: Service, Israel Defense Forces, Israeli, Hamas, Columbia University, UCLA Center for Middle East Development, Syracuse University, Reuters, State Department, Business Locations: Lebanon, Iran, Israel, Gaza, America, Rafah
Dockworkers walked off the job at East and Gulf Coast ports from Maine to Texas on Tuesday morning. The strike is set to disrupt major imports one month before the US election. Rerouting items to the West Coast will cost businesses time and money. Advertisement"Since these are ports on the East Coast, the folks who have suppliers in Europe will be hit," Yamartino said. AdvertisementBut if the strike lasts longer than a few weeks, Pacula said he expects the federal government to get involved, regardless of the election implications.
Persons: Dockworkers, , Hurricane Helene, Consumers aren't, Brian Pacula, Pacula, Michael Yamartino, Yamartino, Joe Biden's, Joe Biden, Taft, Hartley Organizations: Service, International Longshoremen's Association, US Maritime Alliance, Associated Press, Conference Board, CBS News, Consumers, West, Longshoreman's Association, Retail Industry, Association Locations: East, Gulf Coast, Maine, Texas, West, Asheville , North Carolina, West Monroe, Europe, East Coast
In today's big story, what you need to know about tonight's vice presidential debate , and why it's worth paying attention to. The big storyUp for debateDrew Hallowell/Getty Images; Andrew Harnik/Getty Images; Brandon Bell/Getty Images; Rebecca Zisser/BIOhio Sen. JD Vance and Minnesota Gov. ET for an uncharacteristically important vice presidential debate , write Business Insider's Brent D. Griffiths and John L. Dorman. Thanks to a hot streak at Miu Miu, Prada has done what few luxury retailers have been able to do this year: grow. In short, it doesn't get trendier than Miu Miu — and trendy is good for business.
Persons: , Drew Hallowell, Andrew Harnik, Brandon Bell, Rebecca Zisser, JD Vance, Tim Walz, Insider's Brent D, Griffiths, John L, Dorman, Donald Trump, Kamala Harris aren't, Vance, Walz, hasn't, Brent, Trump's, There's, Harris, Joe Biden's, Matt Stroshane, Tyler Le, Blackstone, Getty, Justin Sullivan, Nvidia's, Jensen, Mira Murati, Natalie Ammari, That's, Miu Miu, Prada, Jimmy Carter, Mark Rutte, Jens Stoltenberg, Claudia Sheinbaum, Elliott Hill, Mike Johnson, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Microsoft, Getty, Ohio Sen, Minnesota Gov, CBS, Netflix, Republican, UBS, Venture, Murati, Consulting, Nike, NYSE Locations: Minnesota, Silicon, New York, London
Trump and Harris have different reasons to try to attract the crypto community — donors, voters, the fact that the former president likes anyone who flatters him, etc. All of Trump's courting of the crypto industry is possible because Democrats left open an opportunity for him to pounce. In September, he unveiled his own crypto venture, World Liberty Financial. The crypto industry doesn't mind the attention it's getting from policymakers. What Harris or Trump will actually do on crypto is unclear, but that's not really the point right now.
Persons: cryptocurrency, Crypto, Sen, Katie Porter, Jamaal Bowman, Sherrod Brown's, Bernie Moreno, Donald Trump, Kamala Harris, Trump, Harris, Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Cameron, Tyler Winklevoss, He's, Adam Kovacevich, Joe Biden's, Gary Gensler, Lina Khan, Biden, Sheila Warren, Brian Hughes, Elizabeth Warren, Jon Tester, Bernie Sanders, Barron, it's, Robert Weissman, he's, She's, Chuck Schumer, Jared Polis of, Anthony Scaramucci, Mark Cuban, Ron Conway, Sherrod Brown, Kamala, she's, Rachael Horwitz, " Horwitz, Harris hasn't, Molly White, Horwitz, It's, There's, Weissman, Dan Cassino, Khan, Warren, that's, Emily Stewart Organizations: Democratic, Sherrod Brown's Republican, Gemini, Facebook, Trump, GOP, Republican, of, Democrats, Securities and Exchange, Federal Trade Commission, Crypto, Innovation, Liberty Financial, Public Citizen, Financial Times, Politico, Gov, Jared Polis of Colorado, Wall Street, Haun Ventures, Fairleigh Dickinson University, Capitol Hill, SEC, FTC, Chamber, Business Locations: Ohio, Wisconsin, Nashville, United States, Silicon Valley, That's, California, New York, America, bitcoin, Washington
Trump and Harris have different reasons to try to attract the crypto community — donors, voters, the fact that the former president likes anyone who flatters him, etc. All of Trump's courting of the crypto industry is possible because Democrats left open an opportunity for him to pounce. Related storiesWhile Molly White, a crypto researcher and critic, described Harris' recent statements about crypto as "middle of the road," she said she thought the crypto industry was "definitely taking an optimistic view." The crypto industry doesn't mind the attention it's getting from policymakers. What Harris or Trump will actually do on crypto is unclear, but that's not really the point right now.
Persons: cryptocurrency, Crypto, Sen, Katie Porter, Jamaal Bowman, Sherrod Brown's, Bernie Moreno, Donald Trump, Kamala Harris, Trump, Harris, Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Cameron, Tyler Winklevoss, He's, Adam Kovacevich, Joe Biden's, Gary Gensler, Lina Khan, Biden, Sheila Warren, Brian Hughes, Elizabeth Warren, Jon Tester, Bernie Sanders, Barron, it's, Robert Weissman, he's, She's, Chuck Schumer, Jared Polis of, Anthony Scaramucci, Mark Cuban, Ron Conway, Sherrod Brown, Kamala, she's, Rachael Horwitz, " Horwitz, Harris hasn't, Molly White, Horwitz, It's, There's, Weissman, Dan Cassino, Khan, Warren, that's, Emily Stewart Organizations: Democratic, Sherrod Brown's Republican, Gemini, Facebook, Trump, GOP, Republican, of, Democrats, Securities and Exchange, Federal Trade Commission, Crypto, Innovation, Liberty Financial, Public Citizen, Financial Times, Politico, Gov, Jared Polis of Colorado, Wall Street, Haun Ventures, Fairleigh Dickinson University, Capitol Hill, SEC, FTC, Chamber, Business Locations: Ohio, Wisconsin, Nashville, United States, Silicon Valley, That's, California, New York, America, bitcoin, Washington
AdvertisementBill Gates is a self-described optimist about the future of AI, but the tech still raises a few key concerns for him. Experts have warned AI models can be abused for purposes like carrying out scams or cyberattacks or spreading misinformation , among other things. Besides Gates, other business leaders have also expressed concerns about AI and an interest in more regulation and guardrails on the technology. Many share some of Gates' concerns. Looking more at the present, Gates has said he uses AI in his own life to summarize meetings he attends.
Persons: Bill Gates, , Kara Swisher, Gates, Joe Biden's, Goldman Sachs, HubSpot, — it's, you've, Michael Schwarz, Sam Altman, Microsoft's Organizations: Microsoft, Service, AIs, cybercrime Locations: bioterrorism
AdvertisementHowever, even in battlegrounds like Michigan, Pennsylvania, and Wisconsin — far from the southern border — voters cite immigration as a top issue. (The economy was the top issue among likely voters overall, with 24% citing it as their most important issue, followed by abortion at 17%.) Related storiesAmong rural and small town voters, immigration (at 16%) ranked as their second most important issue, with only the economy coming out ahead. A newly released NBC News poll showed Trump with a 21-point lead (54% to 33%) over Harris among registered voters regarding border security. Trump has been highly critical of Harris' efforts to blast his border security stances.
Persons: Kamala Harris, Harris, , Friday, Douglas —, Donald Trump, Trump, Joe Biden's, Douglas weren't, OLIVIER TOURON, Biden, needled Trump, Greg Abbott, Trump's Organizations: Service, Democratic, Arizona, Trump, New York Times, Siena College, Getty, Texas GOP Gov, White, NBC, North Carolina — Locations: Arizona, Mexico, tanking, Cochise County, battlegrounds, Michigan, Pennsylvania, Wisconsin, Milwaukee, Detroit, AFP, Chicago, New York, Harris, Georgia, North Carolina
The PDF document is a 271-page opposition research file on former President Donald Trump's running mate, Sen. JD Vance, R-Ohio. But on Thursday, reporter Ken Klippenstein, who self-publishes on Substack after he left The Intercept this year, published one of the files. "If the document had been hacked by some 'anonymous' like hacker group, the news media would be all over it. Three U.S. agencies have publicly attributed the hack and the subsequent distribution of the files to Iran. As president, Trump authorized the assassination of military leader Qassem Soleimani.
Persons: Donald Trump's, Sen, JD Vance, Ken Klippenstein, I'm, Klippenstein, Vance, Hillary Clinton's, Trump, Mohammad Javad Zarif, Qassem Soleimani, Robert, Robert persona's, Elon Musk, Joe Biden's, Hunter, Substack Organizations: European Union, Austria International, Politico, Trump, Google, Microsoft, NBC, National Intelligence, Intelligence, NBC News, New York Post Locations: Iran, China, Russia, Britain, Germany, France, American, R, Ohio, U.S, Substack
Senate Foreign Relations Committee Chairman Ben Cardin was targeted by a caller who posed as a former top Ukrainian official during a recent Zoom call, according to a notice circulated to Senate offices and obtained by NBC News on Wednesday. According to the notice, the caller's questioning was "likely trying to bate the Senator into commenting on a political candidate." Cardin and his staff ended the call, the notice said, adding that Cardin's office contacted the State Department, which confirmed the caller was not Kuleba. Cardin referred to the caller as a "malign actor" in a statement about the incident his office released Wednesday night. NBC News reported this month that the Justice Department plans to file criminal charges in connection with the hacking of Trump’s campaign, according to two law enforcement officials.
Persons: Ben Cardin, Dmytro Kuleba, Punchbowl, Cardin, , bate, , ” Cardin, Donald Trump's, Joe Biden's Organizations: Foreign Relations, Ukrainian, NBC News, Ukrainian Foreign, State Department, The State Department, Capitol Police, FBI, Justice Department Locations: Iran
In the seven most competitive Senate races, Democratic campaigns and outside groups launched 33 TV ads on abortion just in the last week, according to the ad-tracking firm AdImpact. Just one Republican ad, a Spanish-language spot from an outside group targeting Democratic Sen. Jacky Rosen of Nevada, mentioned abortion. Some Republicans warned that the party's failure to counter abortion attacks cost them crucial seats that year. In Arizona, Republican Senate candidate Kari Lake has softened her position on abortion rights. Sadly, by the way, there’s a lot of suburban women, a lot of suburban women that are like, ‘Listen, abortion is it.
Persons: Bernie Moreno’s, Sherrod Brown, “ Bernie oof, , Moreno, , Bernie, Sherrod, Sherrod Brown’s, Nikki Haley, Kamala Harris, Democratic Sen, Jacky Rosen of, Sarah Guggenheimer, Tommy Garcia, Joe Biden's, Harris, Gail Gitcho, Sam Brown, Pennsylvania's Dave McCormick, Larry Hogan —, Florida Sen, Rick Scott, Mike Berg, Lauren Zelt, Mitt Romney's, , Sen, Jon Tester, Tim Sheehy, Debbie Mucarsel Powell, Republican Sen, Amy Walter, haven't, Kari Lake, Republican Sam Brown, Brown, Alex Conant, it’s, Conant, Moreno’s, Reagan McCarthy, Ohioans, “ Moreno, ” Brown, Reeves Oyster Organizations: Ohio, GOP, Republican, Democratic, PAC, Democrats, Republicans, NBC News, Trump, didn’t, , NBC, WCMH Locations: Ohio, Spanish, Jacky Rosen of Nevada, Florida, America, Arizona, Florida , Nevada, Montana, Nevada, Columbus
WASHINGTON — The Senate unanimously passed legislation Tuesday to boost Secret Service protection for presidential candidates, sending the bill to the White House for President Joe Biden's signature. The strong show of bipartisan support came days after the House passed the measure, known as the Enhanced Presidential Security Act, without any opposition in a 405-0 vote. The bill would give former President Donald Trump and Vice President Kamala Harris the same level of protection provided to Biden. It comes the same month as an apparent second attempt to assassinate Trump.
Persons: WASHINGTON, Joe Biden's, Donald Trump, Kamala Harris, Trump Organizations: White House, Biden
U.S. Steel CEO David Burritt on Tuesday defended the company's planned sale to Japan's Nippon Steel, expressing confidence that the deal will "close on its merits" despite President Joe Biden's vocal opposition. "We strongly believe the deal closes on its merits," Burritt said in an interview on CNBC's "Money Movers." "It strengthens national security, it strengthens economic security and it strengthens job security." CFIUS told Nippon that the sale could "lead to a reduction in domestic steel production capacity," according to a letter obtained by Reuters earlier this month. The committee said supply chains could be disrupted in sectors critical to national security such as transportation, infrastructure, construction and agriculture.
Persons: David Burritt, Joe Biden's, Burritt, Biden, Kamala Harris, Donald Trump, CFIUS Organizations: . Steel, Japan's Nippon Steel, Steel, NBC News, Nippon, U.S, Foreign Investment, Reuters Locations: American, Nippon North America, U.S, United States
The U.S. Justice Department on Tuesday sued Visa , the world's biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing "exclusionary" agreements on partners and smothering upstart firms. "Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service," Garland said. "As a result, Visa's unlawful conduct affects not just the price of one thing – but the price of nearly everything." "These agreements penalize Visa's customers who route transactions to a different debit network or alternative payment system." 4 behind Visa, MasterCard and American Express .
Persons: Merrick Garland, Garland, Joe Biden's, Discover's Organizations: U.S . Justice, Visa, DOJ, MasterCard, fintech, Plaid, Mastercard, Federal Trade Commission, Consumer Financial, Bureau, Capital, Discover Financial, American Express Locations: New York, U.S
Read previewSen. Kyrsten Sinema, the Democratic-turned-independent senator from Arizona, says she's looking forward to a career in the private sector after she leaves the Senate in a few months. "I'm really excited about what's happening in the private sector right now," Sinema said. Sen. Kyrsten Sinema said at @allinsummit that she's "fairly libertarian" and is interested in working in the private sector after she leaves the Senate. "I struggle with the idea of wanting to eliminate the private industry, because that is where the ideas come from," Sinema said. "That's where the innovation comes from, and that's where the money comes from to fund the social programs that are important to protect the vulnerable in our country."
Persons: , Sen, Kyrsten Sinema, Sinema, we've, they're, pic.twitter.com, SPuAr40NQf — bryan metzger, Jason Calacanis, Joe Biden's, Ruben Gallego, Kari Lake, Sinema's, Mitt Romney Organizations: Service, Democratic, Business, Senate, Infrastructure Law, Democratic Party, Democratic Rep Locations: Arizona, Washington
An apology thought to be from singer Janet Jackson following a comment repeating misinformation about Vice President Kamala Harris' racial identity wasn't actually made by her or authorized by her team. Elmasri claimed to be Jackson's manager, but representatives for the singer said her brother, Randy Jackson, is her only manager. Jackson told the interviewer that she "heard" Harris was Indian not Black. Jackson continued to push what she had "heard" despite the interviewer explaining Harris' father was a Black man. "Janet respects Harris’ dual heritage as both Black and Indian and apologizes for any confusion caused," his statement said.
Persons: Janet Jackson, Kamala Harris, wasn't, Mo Elmasri, Elmasri, Randy Jackson, Harris, Jackson, ” Jackson, , BuzzFeed, Janet, Randy, Donald Trump, Joe Biden's, Trump Organizations: NBC News, Guardian, Variety, National Association of Black Journalists, Howard University, Alpha Kappa Alpha, Congressional Black Caucus Locations: Indian, Jamaican, United States
Then Iranian Deputy Foreign Minister Abbas Araqchi speaks over the Iran nuclear deal during a press conference in Tehran, Ian on August 9, 2015Iran is ready to start nuclear negotiations on the sidelines of the U.N. General Assembly in New York if "other parties are willing," Foreign Minister Abbas Araqchi said on Monday in a video published on his Telegram channel. Indirect talks between Washington and Tehran to revive the deal have stalled. Iran is still formally part of the deal but has scaled back commitments to honour it due to U.S. sanctions reimposed on the Islamic Republic. We will focus our efforts on starting a new round of talks regarding the nuclear pact," Araqchi said. U.S. President Joe Biden's administration has said the United States is not ready to resume nuclear talks with Iran.
Persons: Abbas Araqchi, Ian, Donald Trump, Araqchi, Antony Blinken, Trump, Joe Biden's Organizations: General Assembly, U.S, Hamas Locations: Iran, Tehran, New York, U.S, Washington, Islamic Republic, Switzerland, Iranian, Israel, Ukraine, United States
Yet Johnson, and any other Republican who votes for this bill, will be quietly defying Trump's wishes just weeks before the 2024 election. In essence, Trump asked Republicans to threaten a government shutdown over the provision. Yet when the continuing resolution with the SAVE Act came up for a vote last week, it failed, with 14 Republicans voting against it. Many Republicans simply don't want to have this fight right nowDespite Trump's push, Republicans on Capitol Hill understand that actually following his lead would be reckless. It's certainly possible that most Republicans will vote against Johnson's new government funding bill.
Persons: , Mike Johnson, Donald Trump, Johnson, Trump's, Trump, Mitch McConnell, It's, isn't, Joe Biden's Organizations: Service, Business, Republican, Republicans, Capitol, Social, SAVE Locations: It's
I'm a senator," Helmy told me. "Whether you're here for a day, or three months, four months, or 40 years, you're a United States Senator." "I see myself as sort of continuing my prior roles as a staffer," Helmy told me. Sitting in Menendez's former office, Helmy also lamented the way the long-serving New Jersey senator's career came to an end. "Bob's office was the office you always competed with," Helmy noted, referencing his own time with Booker and former Sen. Frank Lautenberg.
Persons: George Helmy's, Helmy, you've, Sen, Bob Menendez, Phil Murphy, Menendez, I'm, Cory Booker, Bill Clark, who've, Joe Biden's, Patty Murray, Kamala Harris —, he's, Frank Lautenberg —, Helmy —, Chris Christie, Jeff Chiesa, Democratic Sen, Mo Cowan, John Kerry, Cowan —, , George, — Mo Cowan, Chiesa, Booker, Booker aren't, Michael Bennet, Colorado Sen, John Hickenlooper, Murphy, Andy Kim, Tammy Murphy, Kim, Menendez's, Semafor, Bonnie Cash, Curtis Bashaw, Frank Lautenberg, there's Organizations: Service, Capitol, Garden State, Democratic Gov, Coptic, Getty, Pro Tempore, Society of, Republican, Democratic, State, Society, Colorado, Port Authority of New, GOP, New Jersey senator's Locations: Sen, New Jersey, States, Coptic American, Washington, Pennsylvania, Jersey, Massachusetts, Denver, Port Authority of New York, Garden
Read previewSouth Korean companies are investing billions of dollars in the US to take advantage of two big laws meant to boost American manufacturing. A Financial Times analysis of United Nations data found South Korean companies invested $21.5 billion in US projects in 2023, more than any other country. Related storiesAnd South Korean investments span multiple states, mainly in the South. In the past decade, South Korean companies have created about 7,000 jobs in Texas and nearly 8,000 jobs in Indiana. Those provisions have incentivized South Korean companies to divert from China and focus more on the US.
Persons: , Yeo, South, Biden, South Korea —, " Yeo, Joe Biden's Organizations: Service, United, Business, Samsung, LG, Hyundai, South, Peterson Institute for International Economics, EV, Financial, Kia, SK Hynix, Korea's Ministry of Trade, Industry, Energy, Wall Street, World Bank, Biden Locations: United Nations, South Korea, Taiwan, Southern, China, US, Georgia, South, Texas, Arizona, Indiana, Korea's
The Federal Trade Commission on Friday sued three large U.S. health companies that negotiate insulin prices, arguing the drug middlemen use practices that boost their profits while "artificially" inflating costs for patients. It comes three days after Express Scripts sued the FTC, demanding that the agency retract its allegedly "defamatory" July report that claimed that the PBM industry is hiking drug prices. It also alleges that PBMs favor those high-list-price insulins even when more affordable insulins with lower list prices become available. President Joe Biden's signature Inflation Reduction Act has capped insulin prices for Medicare beneficiaries at $35 per month. The FTC said it remains "deeply troubled" by the role insulin manufacturers play in higher list prices, arguing that they inflate prices in response to PBMs' demands for higher rebates.
Persons: Lina Khan, UnitedHealth, drugmakers Eli Lilly, Caremark, PBMs, Rahul Rao, Rao, Joe Biden's, Biden, Eli Lilly, Eli Lilly's Organizations: Federal Trade Commission, CVS, Cigna's, FTC, Sanofi, Novo Nordisk, Express, Competition Locations: Rayburn, Washington ,, U.S, drugmakers, FTC's
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