House passes stopgap bill to avert government shutdown
The House of Representatives on Wednesday approved a three-month government funding bill to avert a government shutdown at the end of the month, sending it to the Senate for debate. The Senate passed the bill by a vote of 341-82 to fund the government at current levels through Dec. 20. The Senate is expected to […]
Media mogul John Malone voices support for David Zaslav amid struggles at WarnerBros. Discovery
Media mogul John Malone says he's not worried about Warner Bros. Discovery (WBD), the conglomerate he helped found more than two years ago, as the company faces growing financial problems. “They're not going to run out of cash anytime soon, so they don't have to sit back and watch the industry consolidate and do nothing,” […]
Bottom Line: Rock and Roll Hall of Fame signs first lobbying firm
sightseeing Rock and Roll Hall of Fame and Museum First time signing Federal lobbying firms; K&L GatesThe firm will lobby on issues related to music tourism and visitor infrastructure development for the Cleveland-based Rock Music Museum, with Mark Rudge, former chief of staff to Rep. Bob Davis (R-Mich.), in charge of the matter. Trade Stanley […]
Dog food pulled from shelves nationwide: FDA
(Ouija) – The U.S. Food and Drug Administration has warned pet food companies voluntarily withdraw Some beef and chicken dog food products were sold after samples tested positive. Salmonella and Listeria monocytogenes. According to NewsThe Fleetwood, Pennsylvania-based pet food company Exercise cautionThe company is currently notifying the public, distributors and retailers about the dog food, […]
Harris, Trump fight for crypto voters as industry rises in Washington
Amid the fierce race for the White House, Americans who own cryptocurrency are receiving unprecedented attention from both presidential candidates. Former President Trump and Vice President Harris took steps this month to appeal to cryptocurrency supporters, who industry insiders say could make a difference in the election. The crypto industry is growing in power and […]
SEC leaders spar at testy House hearing
Republican members of the Securities and Exchange Commission on Tuesday sharply criticized the agency's operations under Democratic Chairman Gary Gensler, who defended his tenure in a joint address by all five commissioners. SEC Commissioner Hester Pierce, who has been mentioned as a possible replacement for Gensler under a second Trump administration, criticized the SEC’s approach […]
Sanders, Novo Nordisk CEO clash over Ozempic, Wegovy drug prices
The CEO of Novo Nordisk did not commit to lowering the prices of Ozempic and Wegovi during a Senate hearing on Tuesday, despite repeated pressure from Sen. Bernie Sanders (I-VT), chairman of the Senate Health, Education, Labor and Pensions Committee. Novo Nordisk CEO Lars Fruagaard Jorgensen told senators on Tuesday that pharmacy benefit managers (PBMs), […]
Trump says tariffs will help fuel 'manufacturing boom'
Former President Trump told Georgia voters on Tuesday he would use tariffs to create a “manufacturing boom” if he wins the presidential election in November, rejecting criticism from economists and Democrats that his plan would fuel inflation. President Trump delivered what he called an economic address in Savannah, Georgia, home to one of the nation's […]
UN debates green transition as energy reshapes global economies
New legislation for the energy transition is already transforming economic activity across countries and will be a major talking point in New York during debates at the UN General Assembly this week. Three years after President Biden’s Inflation Reduction Act (IRA) launched billions of dollars in green energy and infrastructure investments, global leaders are considering […]
Justice Department accuses Visa of monopolizing debit market in antitrust lawsuit
The Department of Justice on Tuesday filed a lawsuit against credit card company Visa, alleging that the company is illegally maintaining a monopoly on the debit card market. The Justice Department alleges that Visa restricts competition by entering into exclusive agreements with retailers and banks, forcing them to conduct most or all of their transactions […]