Business

US shoulders disproportionate cost of new medications, report finds

New research by the Office of Health Policy shows the U.S. shoulders a disproportionate cost when it comes to paying for prescription medication. The report, obtained by FOX Business, shows Americans account for nearly 80% of the innovative revenue for drugs launched between 2020 and 2025. The report also shows…

Thousands of bottles of blood pressure medication recalled nationwide

More than 11,000 bottles of blood pressure medication are being recalled nationwide due to a manufacturing defect, according to the Food and Drug Administration. The 11,460 bottles of chlorthalidone tablets, USP, 25 mg, are being recalled because of “failed dissolution specifications.” Dissolution tests measure the release rate of a drug and…

Microsoft CEO has a warning about the AI race

Microsoft CEO Satya Nadella issued a warning that the tech giants competing in the AI race need to ensure they advance the emerging tech in a way that’s palatable to the public. Nadella said in an interview with The Wall Street Journal that the handful of companies at the forefront…

Newsom’s political defense faces skepticism as DOJ investigation continues

California Gov. Gavin Newsom is blaming politics for a Department of Justice investigation into his and his wife Jennifer Siebel Newsom’s finances, but one critic says that explanation does little to address the conduct that drew federal scrutiny in the first place. “We don’t know whether these investigations are politically…

Former Federal Reserve chair Alan Greenspan dies at 100

Alan Greenspan, former chair of the board of the governors of the Federal Reserve System, died on Monday, according to a statement from his wife Andrea Mitchell, which was reported by NBC News. ”Alan passed away at our home this morning at the age of 100 from complications of Parkinson’s…