Drug manufacturers misrepresented the risks and benefits of opioids in West Virginia and contributed to the state’s opioid crisis, Attorney General Patrick Morrisey said in opening arguments at a trial that began Monday. Morrisey asked a judge to hold Johnson & Johnson subsidiary Janssen Pharmaceuticals Inc., along with Teva Pharmaceuticals… Read More
Elon Musk just became Twitter’s biggest stakeholder
Tesla CEO Elon Musk acquired a 9% stake in Twitter to become its largest shareholder, just before raising questions about the social media platform’s dedication to free speech and the First Amendment. The ultimate aim of Musk’s 73.5 million share purchase worth $3 billion based on the closing price Friday,… Read More
Ocasio-Cortez busted in campaign finance scheme
A two-year investigation into Rep. Alexandria Ocasio-Cortez, D-N.Y., found the socialist leader failed to properly disclose her campaign expenses — but she won’t face any punishment. A conservative group accused Ocasio-Cortez of improperly masking political spending during her freshman 2018 campaign. Ocasio-Cortez has been a vocal critic of untraceable money… Read More
Kremlin faces pushback for ordering Europeans to use rubles
Russian President Vladimir Putin insisted Thursday that the country’s natural gas must be paid for with rubles, a demand apparently intended to help bolster the Russian currency but one that European leaders say they will not comply with because it violates the terms of contracts and sanctions. Putin said Russia… Read More
McConnell: Senate nears bipartisan deal on trimmed $10B COVID bill
Lawmakers have moved to the brink of shaking hands on a scaled-back bipartisan compromise providing a fresh $10 billion to combat COVID-19, a deal that could set up final congressional approval next week. The price tag was down from an earlier $15.6 billion agreement between the two parties that collapsed… Read More
What Russia’s brain drain mean for the US and the world
Russia’s tech workers are looking for safer and more productive professional pastures. By one estimate, up to 70,000 computer specialists, spooked by a sudden frost in the business and political climate, have bolted the country since Russia invaded Ukraine five weeks ago. Many more are expected to follow. Did You… Read More
Amid sanctions, seafood industry braces for job loss and fish shortage
The worldwide seafood industry is steeling itself for price hikes, supply disruptions and potential job losses as new rounds of economic sanctions on Russia make key species such as cod and crab harder to come by. The latest round of U.S. attempts to punish Russia for the invasion of Ukraine… Read More
Biden drains strategic oil reserve to push down gas prices
President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve, according to two people familiar with the decision, in a bid to control energy prices that have spiked as the U.S. and allies have imposed… Read More
Russian currency bounces back amid questions about sanctions’ impact
The ruble is no longer rubble. The Russian ruble by Wednesday had bounced back from the fall it took after the U.S. and European allies moved to bury the Russian economy under thousands of new sanctions over its invasion of Ukraine. Russian President Vladimir Putin has resorted to extreme financial… Read More
Joe Biden’s latest plan fails after just one day
After just one day, President Joe Biden’s proposed $5.8 trillion budget for next year is already dead. Just months after killing Biden’s multi-trillion “Build Back Better” spending bill, Sen. Joe Manchin, D.W.V., has once again turned his back on the White House’s ambitious plans. It’s just the latest in a… Read More
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