The exorbitant cost of pharmaceutical drugs in the US has been a contentious issue for years, with the Republican and Democrat parties overtly at odds on the best way to lower drug prices. Despite the best efforts of lawmakers on both sides of the aisle, prescription drug prices are still…
Several critical minerals, in particular lithium and nickel, have been suffering from depressed prices for more than 12 months despite projections of ever-increasing demand, driven by Western governments’ energy transition goals. Attracting finance into critical minerals projects is one of the key challenges standing in the way of diversifying existing…
PepsiCo said Tuesday that it’s buying Mexican-American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years. Like many food companies, Pepsi has been trying to shift its portfolio to include healthier options in recent years, usually through acquisitions. Recent additions include Bare Snacks,…
Tens of thousands of longshoremen went on strike at midnight ET, shutting down major ports along the East and Gulf coasts and choking off deliveries of everything from produce to auto parts. Consumers aren’t likely to feel the pinch unless a walkout lasts for multiple weeks, because businesses and logistics…
As Microsoft investors get ready for quarterly earnings this month, there’s one particular metric that’s become increasingly important: finance leases. A finance lease lets a company pay for an asset over years, rather than all upfront. For companies like Microsoft that are building massive data centers to handle artificial intelligence workloads, shareholders…
Former British Prime Minister Boris Johnson has controversially broken royal protocol and claimed in his upcoming memoir that Queen Elizabeth II was suffering from bone cancer before her death. In the book, which hits shelves on October 10 and has been serialized this week in the Daily Mail newspaper –…
The word “limited” is going to have to do a lot of work in the weeks ahead. Israel has described its initial ground incursion into southern Lebanon as such, although its key ally, the Biden administration, has already suggested that what may initially begin as small in scope could risk…
Claudia Sheinbaum will take the oath of office Tuesday as Mexico’s first female president in more than 200 years of independence, promising to protect an expanded social safety net and fight for the poor like her predecessor, but facing pressing problems. The 62-year-old scientist-turned-politician will receive a country with a number of…
A woman with the rare condition of two uteruses delivered twins, one from each womb, last month at a hospital in northwestern China, according to health officials and state media. The mother, identified only be her last name Li, welcomed a boy and a girl via caesarean section, the Xi’an…
A bus carrying young students and their teachers on a school trip caught fire in suburban Bangkok on Tuesday, leaving more than 20 feared dead, officials and rescuers said. The bus with 45 passengers, six teachers and 39 elementary and junior high school students, was traveling from the central Uthai…