Exclusive-US pharma tariffs would raise US drug costs by $51 billion annually, report finds
By Maggie FickLONDON (Reuters) -A 25% U.S. tariff on pharmaceutical imports would increase U.S. drug costs by nearly $51 billion annually, boosting U.S. prices by as much as 12.9% if passed on, a report commissioned by the industry’s U.S. trade group and...
Ex-CISA boss says Trump actions risk ‘dangerously degrading’ US cyber defenses
By Raphael SatterWASHINGTON (Reuters) -U.S. President Donald Trump’s purges and apparent acts of retribution aimed at top cyber officials put the nation’s digital defenses at risk, the former head of the Cybersecurity and Infrastructure Security Agency...
Amgen to expand Ohio biotech manufacturing plant
By Deena Beasley(Reuters) -Amgen on Friday announced a $900 million expansion of its Ohio biotech manufacturing facility, becoming the latest in a string of drugmakers pledging to increase U.S. capacity amid Trump administration threats of potential import...
US calls EU fines on Apple and Meta ‘economic extortion’
By Steve Holland and Kanishka SinghWASHINGTON (Reuters) -The White House said on Wednesday that fines on Apple and Meta Platforms by the European Union were a “novel form of economic extortion” that the United States will not tolerate.WHY IT’S...
Trump trade war is wrecking hope for 2025 US trucking rebound
By Lisa BaertleinNEW ORLEANS (Reuters) -U.S. truckers are moving record volumes of auto parts, appliances and sneakers after their customers stocked up ahead of President Donald Trump’s tariffs, but an industry slowdown looms as those new duties start choking...
More Americans exposed to false claims about measles and its vaccines, KFF poll shows
(Reuters) -Most adults and parents have read or heard false claims about measles and the measles vaccine, leaving many unsure of what to believe, a poll by the nonprofit organization KFF showed on Wednesday.The health policy nonprofit polled Americans on whether they...
Boeing reports smaller-than-expected loss on higher jet deliveries, shares jump
By Allison Lampert, Shivansh Tiwary and David Shepardson(Reuters) – Boeing reported a smaller-than-expected quarterly loss on Wednesday, as the U.S. planemaker produced and delivered more jets, after quality problems and a crippling strike shuttered most of its...
Tankers chartered by Chevron to move Venezuelan crude seek other business
By Arathy SomasekharHOUSTON (Reuters) -Some tankers Chevron had chartered to move crude from Venezuela to the United States this month are now being marketed for spot contracts elsewhere, sources said, after state company PDVSA canceled loading permits and ordered the...