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The video platform, under the Alphabet-Google umbrella, teased a new generative AI feature dubbed Dream Screen specifically for its short-form video arm and TikTok competitor, YouTube Shorts. Dream Screen is an experimental feature that lets creators add AI-generated video or image backgrounds to their vertical videos. YouTube's Dream Screen tool, which allows users to create AI-generated video or image backgrounds by typing an idea into a prompt. YouTubeTo use Dream Screen, creators can type their idea for a background as a prompt and the platform will do the rest. Chikin Chow currently boasts the title of the most-watched YouTube Shorts creator in the world.
Persons: ” Neal Mohan, Mohan, YouTube Alan Chikin Chow, Chikin Chow, ” Chikin Chow, Alan Chikin Chow, Beverly Hilton, Emma McIntyre, clark, Dick Clark, he’s, Organizations: CNN, YouTube, Beverly Locations: Los Angeles, ANGELES , CALIFORNIA, Los Angeles , California, Silicon Valley
Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicWarning: This episode contains descriptions of violence. The relationship between two democratic allies fell to its lowest point in history this week, after Canada accused India of assassinating a Sikh community leader in British Columbia in June. Mujib Mashal, The Times’s South Asia bureau chief, explains this stunning accusation — and what India’s reaction to it tells us about the era of its leader, Narendra Modi.
Persons: Mujib Mashal, Narendra Modi Organizations: Spotify Locations: Canada, India, British Columbia, Asia
REUTERS/Pedro Nunes/File Photo Acquire Licensing RightsSummaryCompanies Federal Reserve interest rate decision due at 1800 GMTNEW YORK, Sept 20 (Reuters) - Oil prices eased on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with investors uncertain when rates will peak and how that will affect energy demand. WTI crude futures for November , which will soon be the U.S. front-month, was up about 18 cents to $90.30. Investors were awaiting the Fed's interest rate decision at 2:00 p.m. EDT (1800 GMT) to assess the outlook for economic growth and fuel demand. The Fed is widely expected to keep interest rates steady, but the focus will be on its projected policy path. Interest rate hikes to tame inflation can slow economic growth and reduce oil demand.
Persons: Pedro Nunes, Brent, WTI, Edward Moya, refiners, Goldman Sachs, Robert Harvey, Yuka Obayashi, Emily Chow, Nicole Jao, Kim Coghill, Jason Neely, Louise Heavens, David Gregorio Our Organizations: REUTERS, U.S, U.S . Energy Information Administration, . West Texas, U.S . Energy, Administration, Bank of England, Thomson Locations: Lisbon, Portugal, U.S . Federal, U.S, WTI, ., Japan, London, Tokyo, Singapore, New York
Oil falls ahead of Fed rate decision
  + stars: | 2023-09-20 | by ( Robert Harvey | ) www.reuters.com   time to read: +3 min
REUTERS/Pedro Nunes/File Photo Acquire Licensing RightsSummaryCompanies Federal Reserve interest rate decision due at 1800 GMTLONDON, Sept 20 (Reuters) - Oil prices fell on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand. Investors are awaiting the Fed's interest rate decision at 1800 GMT on Wednesday to assess the outlook for economic growth and fuel demand. The Fed is widely expected to keep interest rates on hold, but the focus will be on its projected policy path, which is unclear. Prices fell despite U.S. crude oil stockpiles falling last week by about 5.25 million barrels, according to market sources citing American Petroleum Institute figures on Tuesday. Goldman Sachs said it expects the Bank of England to keep interest rates unchanged on Thursday as a result of the fall.
Persons: Pedro Nunes, Edward Moya, Tamas Varga, Brent, Goldman Sachs, Robert Harvey, Yuka Obayashi, Emily Chow, Kim Coghill, Jason Neely, Louise Heavens Organizations: REUTERS, U.S, Brent, . U.S . West Texas, American Petroleum Institute, bbl, Bank of England, Thomson Locations: Lisbon, Portugal, U.S . Federal, U.S, ., London, Tokyo, Singapore
Oil falls $1 ahead of Fed rate decision
  + stars: | 2023-09-20 | by ( Emily Chow | ) www.reuters.com   time to read: +4 min
Prices fell despite a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output that indicated tight crude supply for the rest of 2023. Global benchmark Brent crude futures were last down 88 cents, or 0.9%, at $93.46 a barrel by 0650 GMT. Moya added that the oil market is still "very tight" and will remain so over the short-term. "Unless Wall Street grows nervous that the Fed will kill the economy, the crude demand outlook should (only) gradually soften, but the oil market will easily have a supply deficit throughout winter." U.S. crude oil stockpiles fell last week by about 5.25 million barrels, according to market sources citing American Petroleum Institute figures on Tuesday.
Persons: Pedro Nunes, Brent, Edward Moya, Moya, Goldman Sachs, Yuka Obayashi, Emily Chow, Sonali Paul, Muralikumar Anantharaman, Kim Coghill Organizations: REUTERS, Rights, U.S, Brent, . West Texas, American Petroleum Institute, Reuters, Exxon Mobil Corp, Thomson Locations: Lisbon, Portugal, Rights SINGAPORE, U.S . Federal, U.S, Saudi Arabia, Russia, Nigeria, Tokyo, Singapore
Prices fell despite a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output that indicated tight crude supply for the rest of 2023. Moya added that the oil market is still "very tight" and will remain so over the short-term. "Unless Wall Street grows nervous the Fed will kill the economy, the crude demand outlook should (only) gradually soften, but the oil market will easily have a supply deficit throughout winter." The Fed is widely expected to keep interest rates on hold, but the focus will be on its policy path, which is unclear. U.S. crude oil stockpiles fell last week by about 5.25 million barrels, according to market sources citing American Petroleum Institute figures on Tuesday.
Persons: Pedro Nunes, Brent, Edward Moya, Moya, Hiroyuki Kikukawa, WTI, Yuka Obayashi, Emily Chow, Sonali Paul, Muralikumar Organizations: REUTERS, Rights, U.S, Brent, . West Texas, U.S . Federal Reserve, American Petroleum Institute, NS, Nissan Securities, Reuters, Exxon Mobil Corp, Thomson Locations: Lisbon, Portugal, U.S . Federal, U.S, Saudi Arabia, Russia, Nigeria, Tokyo, Singapore
[1/4] Couples prepare to get their photo taken during a wedding photography shoot on a street, in Shanghai, China September 6, 2023. "The traditional Chinese wedding industry is probably in for tough times." "People are more inclined to go for a simple and niche wedding," said Chen, adding that a decade ago, it was common for couples to spend millions of yuan. 'NICHE, NICHE, NICHE'The economic downturn has hit the middle class, and the youth, the hardest, resulting in high jobless rates and low household spending. Our strategy has been to stay niche, niche, niche," said Wang.
Persons: Aly, Yuan Jialiang, Ben Cavender, Frank Chen, Chen Feng, Chen, Chow Tai Fook, It's, Xueyi, Jewel Wang, Vera Wang, Wang, Oscar de la, Carolina Herrera, Casey Hall, Xihao Jiang, Farah, Marius Zaharia Organizations: REUTERS, Rights, China Market Research, Daxue Consulting, COVID, Jewellery, HK, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONG KONG, Xi'an, Hong Kong
[MUSIC PLAYING] My grandmother has always been the rock and the matriarch of my family. When we think about the patterns of second-generation children leaving Chinatown, it’s because of this idea of the immigrant story. If I were to say that we’re not gentrifying our neighborhood Chinatown, I’d be lying. [MUSIC PLAYING] Without the people in Chinatown, there is no place anymore. [MUSIC PLAYING]
Persons: that’s, she’s Organizations: Chinatown Locations: New York City, it’s, Chinatown, San Francisco, Southern China, Fujian, South Korea, Brooklyn, Queens , New York, I’d, Orchard, Canal
Sunac China files for Chapter 15 bankruptcy protection
  + stars: | 2023-09-19 | by ( Michelle Toh | ) edition.cnn.com   time to read: +4 min
Hong Kong CNN —One of China’s leading property developers, Sunac, has filed for bankruptcy protection in the United States, shortly after winning approval from its creditors to restructure nearly $10 billion worth of debt. The company filed a petition for Chapter 15 protection with the US Bankruptcy Court for the Southern District of New York on Tuesday. It’s the second big distressed Chinese developer in weeks to seek such protection: Evergrande made a Chapter 15 filing in the United States a month ago, after posting losses of $81 billion in the last two years. Entering the process may help Sunac China negotiate with overseas lenders as it works to overhaul its debt. “While Evergrande is still struggling to get their offshore creditors on board, Sunac has really overtaken them,” she said.
Persons: It’s, Evergrande, Sunac, Sandra Chow, it’s, Chow, , , ” Chow, , Andy Rose Organizations: Hong Kong CNN, US, Court, Southern, of, Asia, CNN, Evergrande Locations: China, Hong Kong, United States, of New York
The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. A Country Garden spokesperson did not immediately respond to Reuters request for comment on Monday about its latest debt repayment obligation. Country Garden last month warned of default risks if its financial performance continues to deteriorate. Last week, onshore bondholders approved to extend repayments of seven other Country Garden bonds by three years. Many creditors believe that Country Garden will have to restructure its offshore debt if it doesn't get liquidity support soon.
Persons: Aly, Sandra Chow, Chow, Kim, Ashurst, Xie Yu, Sumeet Chatterjee Organizations: Shanghai Country Garden, REUTERS, HK, London, Thomson Locations: Shanghai, China, HONG KONG, Beijing, Asia, Pacific, Hong Kong, New York, Lincoln
How to Cool Down a City
  + stars: | 2023-09-18 | by ( Pablo Robles | Josh Holder | Jeremy White | ) www.nytimes.com   time to read: +13 min
But unlike most cities, Singapore is spending enormous resources to try to cool itself down — and learning lessons that could help other cities. But unlike most cities, Singapore is spending enormous resources to try to cool itself down — and learning lessons that could help other cities. Building without cool paint Building coated with cool paint Building without cool paint Building coated with cool paint Satellite image by Planet LabsSimple design decisions can also have a big impact on a building’s temperature. Singapore has built out a more systematic solution, a network of green corridors that connect green spaces together and allow cool air to flow throughout the city. “A corridor can at least generate this kind of cool air circulation in a city.
Persons: , Brian Stone Jr, Khoo, Stone, it’s, , Nicholas Lin, Richard Hassell, Winston Chow, “ You’ve, Singapore Rebecca Toh, Chow, Tamara Iungman, Adele Tan Organizations: Georgia Institute of Technology, , The New York Times, Planet Labs, WOHA Architects, Cooling, Research, Phoenix, Climate Central, SINGAPORE Marina Bay Network, National Parks Board, Barcelona Institute, Global Health, Singapore’s, Redevelopment Authority, Urban Locations: Singapore, Phoenix, Mumbai, Singapore’s, Puat, , L.A, ” Singapore, Pickering, The New York Times Singapore, New York City, Jurong Lake, Cooling Singapore, Marina Bay, downtowns, Ariz, Maricopa County, shadeless, Marina, Paris, Bishan, MALAYSIA, SINGAPORE, Medellín, Colombia,
"We've certainly seen Australia's reputation being affected as some existing buyers expressed interest in diversifying their suppliers for long-term supply," said Ryhana Rasidi, LNG analyst at analytics firm Kpler. "Australia is the closest gas supplier we can get. By far, Australia, U.S. and Qatar are the three pillars in LNG supply chain. As well as its political stability, its proximity to Asia might be Australia's saving grace, industry analysts say. "Ties are very strong between North Asia and Australia as a legacy supplier, so many participants are keen to continue the relationship," said Kaushal Ramesh, LNG analyst at Rystad Energy.
Persons: Inpex, Resources Madeleine King, We've, Ryhana, Jane Liao, Kaushal Ramesh, Emily Chow, Yuka Obayashi, Muyu Xu, Andrew Hayley, Joyce Lee, Lewis Jackson, Florence Tan Organizations: Reuters, Chevron, Handout, REUTERS, Rights, Workers, Japan's Kyushu Electric Power, Chevron's, Woodside Energy, West Shelf, South, Resources, Taiwan, Tohoku Electric Power, Kyushu Electric Power, Osaka Gas, Rystad Energy, Thomson Locations: Chevron, Barrow Island, Australia, Rights SINGAPORE, TOKYO, Qatar, United States, Western Australia, China, Japan, South Korea, Taiwan, Ukraine, Oman, U.S, Asia, Singapore, Tokyo, Beijing, Seoul, Sydney
Marvel Studios' visual effects workers unanimously voted in favor of unionizing with the International Alliance of Theatrical Stage Employees, IATSE announced Wednesday. This marks the first time a unit of solely VFX workers have unionized with the group. The Marvel Studios VFX crew has more than 50 workers, according to IATSE. Now that the vote is official, Marvel VFX workers must engage in collective bargaining negotiations with Marvel Studios executives in order to draft a contract. Loeb told Marvel's VFX artists that it has the backing of IATSE, telling those who voted to unionize, "Your fight is our fight."
Persons: IATSE, Sarah Kazuko Chow, Mark Patch, Matthew Loeb, Loeb Organizations: Hollywood, Marvel Studios, International Alliance, Disney, Marvel, IATSE, Walt Disney Pictures, National Labor Relations Board, Alliance, Television Producers, Comcast, CNBC Locations: unionize, NBCUniversal, Hollywood
New York CNN —Marvel Studio’s VFX workers unanimously voted to unionize with the International Alliance of Theatrical Stage Employes, marking the first time visual effects workers have unionized with IATSE, the union announced Wednesday. A still from Marvel Studios' Ant-Man and The Wasp: Quantumania, which kicked off phase 5 of the Marvel Cinematic Universe. Marvel StudiosThe National Labor Relations Board oversaw the election, and the count was held Tuesday after the Marvel employees first filed for this election on August 7. Though this union only includes Marvel’s in-house VFX workers, its parent company Disney’s visual effects crews filed for their own election to unionize with the NLRB, and backed by IATSE, at the end of August. Now, the Marvel VFX workers will engage in collective bargaining negotiations with their employer to draft a contract.
Persons: Mark Patch, IATSE, , Aladdin ”, ” Sarah Kazuko Chow Organizations: New, New York CNN, Marvel, International Alliance, IATSE, Marvel Studios, National Labor Relations Board, , NLRB, Walt Disney Pictures, “ Pirates, , Disney’s, Writers Guild of America, SAG, CNN Locations: New York, Caribbean
Later this week, as many as 150,000 U.S. autoworkers may walk out in a historic strike against the three Detroit automakers, General Motors, Ford and Stellantis. The United Auto Workers union and the Big Three are still far apart in talks, and have only two days left to negotiate a new labor contract before the deadline. Neal Boudette, who covers the auto industry for The New York Times, walks us through a tangled, decades-long dynamic and explains why a walkout looks increasingly likely.
Persons: Neal Boudette Organizations: Detroit, General Motors, Ford, United Auto Workers, The New York Times
Brent crude settled down 1 cent to $90.64 a barrel while U.S. West Texas Intermediate crude settled down 22 cents to $87.29. "Much of this reduced supply has simply served to offset a major slowdown in global oil demand," said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois. Meanwhile, Europe is expecting a light refinery maintenance season this autumn as refiners look to profit from high margins, which could support crude demand. The IEA last month lowered its 2024 forecast for oil demand growth to 1 million bpd, citing lacklustre macroeconomic conditions. OPEC's August report, meanwhile, kept its 2.25 million bpd demand growth forecast unchanged.
Persons: Brent, Wally Adeyemo, Jim Ritterbusch, Ras Lanuf, Wood Mackenzie, Naeem Aslam, OPEC's, Robert Harvey, Natalie Grover, Florence Tan, Emily Chow, Emelia Sithole, Andrea Ricci, Chizu Organizations: cnsphoto, REUTERS, West Texas, Monday U.S, Ritterbusch, Associates, U.S, Zaye, European Central Bank, International Energy Agency, Organization of, Petroleum, IEA, Thomson Locations: Zhoushan, Zhejiang province, China, Saudi, Saudi Arabia, Russia, United States, Galena , Illinois, U.S, Libya, Zueitina, Brega, Es Sidra, Europe
The yen surged after BOJ Governor Kazuo Ueda said the central bank could end its policy of negative interest rates when the achievement of its 2% inflation target is in sight. Global shares, as reflected by the MSCI All-World index (.MIWD00000PUS), rose 0.1%, supported by a bounce in stocks in Europe, where the STOXX 600 (.STOXX) gained 0.3%. Last week, the STOXX posted its longest stretch of losses in 5-1/2 years. Economists polled by Reuters expect consumer prices to have risen by 3.6% from last year, up from July's 3.2% reading. The ECB meets on Thursday to set interest rates and markets have all but priced out any chance of a hike.
Persons: Kazuo Ueda, Fiona Cincotta, Marcella Chow, Scott Murdoch, Simon Cameron, Moore, Mark Heinrich, Chizu Organizations: Bank of Japan, Global, European Central Bank, Reuters, JPMorgan Asset Management, Brent, ECB, Thomson Locations: China, Europe, U.S, Asia, Sydney
An aerial view shows tugboats helping a crude oil tanker to berth at an oil terminal, off Waidiao Island in Zhoushan, Zhejiang province, China July 18, 2022. cnsphoto via REUTERS/File Photo Acquire Licensing RightsLONDON, Sept 11 (Reuters) - Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had driven prices to 10-month highs last week. The IEA last month lowered its 2024 forecast for oil demand growth to 1 million bpd, citing lacklustre macroeconomic conditions. OPEC's August report, meanwhile, kept its 2.25 million bpd demand growth forecast unchanged. Among economic factors in the spotlight, the European Central Bank (ECB) is due to announce its monthly interest rate decision this week. Reporting by Robert Harvey, Natalie Grover, Florence Tan and Emily Chow Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.
Persons: Brent, OPEC's, Naeem Aslam, Robert Harvey, Natalie Grover, Florence Tan, Emily Chow, David Goodman Organizations: cnsphoto, REUTERS, Saudi, U.S, West Texas, International Energy Agency, Organization of, Petroleum, IEA, European Central Bank, European Commission, Zaye, Thomson Locations: Zhoushan, Zhejiang province, China, Saudi Arabia, Russia, United States
A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. If there is still no deal by then, the unions will completely stop work for two weeks. Australia was the world's largest LNG exporter last year, shipping out 80.9 million metric tons of the fuel in 2022 versus 79 million tons in 2021, according to the International Gas Union. A prolonged strike could disrupt exports and raise prices of LNG, which is used for electricity generation. The same union alliance also secured agreements last year with Shell (SHEL.L) and Inpex (1605.T) at their LNG facilities in Western Australia.
Persons: Chevron, Wheatstone, Baden Moore, NAB's Moore, Emily Chow, Lewis Jackson, Florence Tan, Tony Munroe, Miral Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Rights, NEXT, Unions, International Gas Union, National Australia Bank, NAB, Woodside Energy Group, WHAT'S, Woodside, North West Shelf, Shell, Thomson Locations: Wheatstone, Western Australia, Rights SINGAPORE, SYDNEY, Australia, Japan, South Korea, China, Taiwan, Asia, Europe, Ukraine, Inpex, Woodside
AI can help insurers navigate patient records much faster, one automation company said. In New Mexico, AI helped parents access newborns' coverage within minutes, an official said. Healthcare companies can use AI-led automation to speed up the work of customer-service agents. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "I hope that AI will make healthcare more accessible to the consumer and make healthcare itself more sustainable for professionals," Chow of Automation Anywhere said.
Persons: Yan Chow, Chow, there's, Humana, Allie, Forbes, Sam Altman, it's, Shanita Harrison, Harrison Organizations: Healthcare, Service, Humana, Kaiser Permanente, Chow . Healthcare, New Mexico Human Services Department, IBM, SS, New, New York Times, Amazon Web Services Locations: New Mexico, Wall, Silicon, Kaiser
A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Sept 6 (Reuters) - Workers at Chevron's (CVX.N) liquefied natural gas facilities in Australia have agreed to pause planned strike action for one day, hours before they were due to begin industrial action in an ongoing dispute that has rattled gas markets. Chevron confirmed the pause in an emailed statement minutes later and said unions had advised it of the roughly one-day delay. The Dutch October natural gas contract fell as much as 7.2% to 31.45 euros per megawatt hour (MWh) after news of the pause. Australia is the world's biggest LNG exporter and the ongoing dispute has stoked volatility in natural gas markets, as traders worry about the risk of long-term disruption.
Persons: Dado Ruvic, Chevron, Saul Kavonic, Australia's, Lewis Jackson, Emily Chow, Nick Zieminski, Tony Munroe Organizations: Chevron, REUTERS, Rights, Reuters, Fair, Thomson Locations: Australia, Perth, Chevron Australia, Sydney, Singapore
CNN —Pope Francis urged Chinese Catholics to be “good citizens” and “good Christians,” a rare instance of the Holy Father publicly addressing the issue of religion in China. Mongolia is sandwiched between Russia, whose invasion of Ukraine Francis has publicly criticized, and China, an atheist state where religious practice is heavily curtailed by the government. And to the Chinese Catholics, I ask you to be good Christians and good citizens.”Pope Francis leads Mass at the Steppe Arena in Ulaanbaatar on Sunday. Pedro Pardo/AFP/Getty ImagesChina may be officially an atheist state, but religious practice is legal in the country – albeit under tight government supervision and surveillance. Francis landed in Mongolia Friday for a trip that has lacked the usual fanfare of a Papal visit.
Persons: Pope Francis, Francis ’, Pope, Ukraine Francis, Stephen Chow, Cardinal John Tong, , Francis, Hong, , ” Pope Francis, Mass, Pedro Pardo, Pontiff Organizations: CNN, Hong Kong’s, Getty, Vatican News, Mongolian, Sunday Locations: China, Mongolian, Ulaanbaatar, Mongolia, Russia, Ukraine, Hong Kong, Vatican, Beijing, AFP, Russian
REUTERS/Carlos Garcia Rawlins Acquire Licensing RightsULAANBAATAR, Sept 3 (Reuters) - Pope Francis sent greetings to China on Sunday, calling its citizens a "noble" people and asking Catholics in China to be "good Christians and good citizens," in his latest overture to the communist country to ease restrictions on religion. Francis made the unscripted comments at the end of a Mass in Mongolia's capital, calling up the former and current archbishops of Hong Kong, Cardinal John Tong Hon and Archbishop Stephen Chow, to flank him as he spoke. "These two brother bishops - the emeritus of Hong Kong and the current bishop of Hong Kong. I would like to take advantage of their presence to send a warm greeting to the noble Chinese people," he said in Italian. And to Chinese Catholics I ask to be good Christians and good citizens," he said.
Persons: Pope Francis, Cardinal John Tong, Hong Kong's, Stephen Chow, Carlos Garcia Rawlins, Francis, Chow, Hong, Philip Pullella, William Mallard, David Evans, Frances Kerry Organizations: REUTERS, Hong, Catholic, Communist Party, Reuters, Catholic Church, Thomson Locations: Ulaanbaatar, Mongolia, ULAANBAATAR, China, Mongolia's, Hong Kong, Beijing, Vatican, Vietnam, Hanoi, British, Asia
On his first working day in Mongolia, the government feted the pope with traditional events such a parade including men on horseback dressed as ancient Mongol warriors. Chow, who will be a made a cardinal by the pope this month, told reporters he hoped the Church in Hong Kong could be a "bridge Church" with mainland China. "This is the Church of the world, especially for the margins, and that is a good thing," Chow said. Outside the pope's meeting with Mongolian leaders, about two dozen Catholics from China waved red, five-starred Chinese flags. Reporting by Philip Pullella in Ulaanbaatar; Additional reporting by Joseph Campbell; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons: Pope Francis, Francis, Jesus, Saints Peter, Paul, Virgin Mary, Hong, Archbishop Stephen Chow, Chow, Oyun, ALBERTO PIZZOLI, I’ve, It’s, I’m, , Yang Guang, Cardinal Giorgio Marengo, Cardinal Matteo Zuppi, Zuppi, Philip Pullella, Joseph Campbell, William Mallard Organizations: Catholic, Communist Party, Saints, Mongolia's, REUTERS Acquire, Catholic Church, of, Thomson Locations: ULAANBAATAR, China, Mongolia, Beijing, Vatican, British, Hong Kong, Ulaanbaatar, Asia, of Rome, Shanghai, Kyiv , Washington, Moscow, Ukraine
A year ago, Congress overhauled how drugs for older Americans are paid for, giving Medicare the power to bargain with drug makers over prices. It’s the biggest change to health care for more than a decade, and this week, the Biden administration began to implement it. Sheryl Gay Stolberg, who covers health policy for The Times, discusses the decades of struggle behind the change and Rebecca Robbins, who covers the pharmaceutical industry, explains its potential to reshape the business of drugs in America.
Persons: Biden, Sheryl Gay Stolberg, Rebecca Robbins Organizations: The Times Locations: America
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