Tag Archives: billions

Two weeks into the government shutdown, the Trump administration has frozen or canceled nearly $28 billion that had been reserved for more than 200 projects primarily located in Democratic-led cities, congressional districts and states, according to an analysis by The New York Times. Total amount of affected funding By congressional district of grant recipient Each of these infrastructure projects had …

US President Donald Trump announces a deal to lower drug prices with drug maker AstraZeneca as Medicare & Medicaid Services Administrator Mehmet Oz listens at the Oval Office of the White House in Washington, DC, on Oct. 10, 2025. Saul Loeb | AFP | Getty Images Artificial intelligence (in other words, “OpenAI and the companies in its ecosystem“) has been …

U.S. banks are set to gain from a large cut in capital rules that could free up about $2.6 trillion in new lending, according to new research from Alvarez & Marsal. The change reflects a friendlier stance from Washington since Donald Trump returned to the White House. As regulators ease limits that were added after the 2008 crisis, big lenders …

Banquets and billions: How AstraZeneca sealed a US medicine deal with Trump  Reuters Trump reveals prescription drug deal with pharmaceutical giant AstraZeneca  Al Jazeera AstraZeneca makes deal with White House to lower drug prices  NPR Trump strikes drug-pricing deal with pharma giant AstraZeneca  MSNBC News Watch: Trump to give announcement on lowering drug prices  The Hill Source link

Billions of Dollars ‘Vanished’: Low-Profile Bankruptcy Rings Alarms on Wall Street  The New York Times First Brands’ implosion is ripping through private credit – and lenders are scrambling to contain the fallout  CNBC Bankrupt Auto Supplier First Brands Faces Criminal Investigation  The Wall Street Journal First Brands: why a maker of spark plugs and wiper blades has Wall Street worried  The Guardian The Funds …

In brief Intel’s new Core Ultra 3 debuts in 2025 with RibbonFET and PowerVia tech for better efficiency and density. The Company Foundry division losses hit $3.2 billion in Q2 as AMD captures 32% of desktop CPUs and nearly 40% of revenue. AMD’s OpenAI GPU deal, Apple Silicon, and Qualcomm’s PC chips tighten the noose. Intel unveiled its Panther Lake …

This article first appeared on GuruFocus. Oct 9 – Nvidia (NASDAQ:NVDA) shares rose about 1% in premarket trading Thursday after the U.S. government approved billions of dollars’ worth of the company’s AI chip exports to the United Arab Emirates, according to a Bloomberg report. The move marks a major step in advancing a bilateral artificial intelligence framework between Washington and …

IN A NUTSHELL 🌪️ Geomagnetic storms could cause global internet outages, costing the U.S. economy $7.2 billion per day. 🔍 A new study by the University of Michigan highlights the need for better detection of space tornadoes. 🚀 Solar sail probes could increase space weather warning speeds by 40% if deployed strategically. 📡 Real-world impacts of geomagnetic storms include disrupted …

Researchers studying five iron-rich hot springs in Japan have identified microbial communities that resemble those believed to have existed during one of Earth’s most significant environmental transitions. These ecosystems help researchers understand how life functioned in low-oxygen, iron-dominated environments—conditions that marked the Earth’s oceans around 2.3 billion years ago. This era, known as the Great Oxygenation Event, saw atmospheric oxygen …

Senior officials inside Donald Trump’s administration have acknowledged the federal government shutdown, without an end in sight, could hurt the US economy. The damage could be worth billions of dollars each week, according to analysts. “This isn’t the way to have a discussion, shutting down the government and lowering the GDP,” Scott Bessent, the US treasury secretary, told the CNBC …