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[ad_1] In this photo illustration, an insulin pen manufactured by the Novo Nordisk company is displayed on March 14, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images The top executives of the three drug companies that control 90% of the global insulin market will testify May 10 before the Senate Health Committee on lowering prices of their diabetes drugs, panel Chairman Sen. Bernie Sanders said Friday. Those companies — Eli Lilly , Novo Nordisk and Sanofi — had announced in March that they will slash prices of their most widely used insulin products by 70% or more. related investing news Sanders on Friday called that move an important step forward that was the result of "public outrage and strong grassroots efforts." But the Vermont independent added that Congress must ensure that insulin, whose price has increased by more than 1,000% since 1996, is affordable for everyone. "We must make certain, however, that those price reductions go in...

[ad_1] The US Supreme Court in Washington, DC, on June 27, 2023. Kevin Dietsch | Getty Images WASHINGTON — The Supreme Court on Friday blocked in full a lower court ruling that would have curbed the Biden administration's ability to communicate with social media companies about contentious content on such issues as Covid-19. The decision in a  short unsigned order  puts on hold a Louisiana-based judge's ruling in July that specific agencies and officials should be barred from meeting with companies to discuss whether certain content should be stifled. The Supreme Court also agreed to immediately take up the government's appeal, meaning it will hear arguments and issue a ruling on the merits in its current term, which runs until the end of June. Three conservative justices noted that they would have denied the application: Samuel Alito, Clarence Thomas and Neil Gorsuch. "At this time in the history of our country, what the court has done, I fear, will be seen by so...

[ad_1] G-7 leaders stand together after the family photo. Picture Alliance | Picture Alliance | Getty Images Ukraine's Volodymyr Zelenskyy arrived in the Japan on Saturday to attend the Group of Seven (G-7) summit, giving him a rare chance to both drum up support from the world's rich democracies and sound out "Global South" leaders with long ties to Russia. The Ukrainian president's attendance at the G-7 summit in Hiroshima, the first city to suffer a nuclear attack, also put in sharp relief western concerns over the nuclear threat posed by Moscow. G-7 members — the United States, Japan, Germany, France, Britain, Italy and Canada — are grappling with the immense challenges posed by Russia's invasion of Ukraine and tensions with China, notably over Taiwan and economic security. Worried by the outsized role China now plays in supply chains in everything from semiconductors to critical minerals, the G-7 issued a communique that set out a common strategy tow...

[ad_1] US Secretary of State Antony Blinken (L) walks with China's Foreign Minister Qin Gang (R) ahead of a meeting at the Diaoyutai State Guesthouse in Beijing on June 18, 2023. Leah Millis | Afp | Getty Images U.S. Secretary of State Antony Blinken on Sunday met with Chinese Foreign Minister Qin Gang in Beijing on a high-stakes diplomatic mission to cool U.S.-China tensions that have overshadowed geopolitics in recent months. The trip by Blinken makes him the highest-level American official to visit China since Joe Biden became U.S. president and the first U.S. secretary of state to make the trip in nearly five years. Blinken had "candid, substantive, and constructive talks" with Qin, a U.S. State Department spokesperson said in a statement Sunday . He raised concerns as well as "opportunities to explore cooperation," and he emphasized the importance of open communication, according to the statement. "The Secretary made clear that the United States w...

[ad_1] In this photo illustration, a TikTok App Logo is displayed on a mobile phone. Stanislav Kogiku | Sopa Images | Lightrocket | Getty Images Senate Intelligence Committee Chair Mark Warner, D-Va., said Sunday he is introducing a broad bipartisan bill this week that will outline an approach to banning or prohibiting foreign technology, like the popular video-sharing app TikTok. TikTok is a short-form video platform that is used by more than 100 million Americans. Data privacy concerns have been swirling around the app because of its parent company ByteDance, which is based in China and privately held. Warner said he is working on the bill with Sen. John Thune, R-S.D., adding that he is concerned over the type of content that Americans are seeing on TikTok. "They are taking data from Americans, not keeping it safe, but what worries me more with TikTok is that this can be a propaganda tool," he told "Fox News Sunday." Warner's legislation comes after U.S. ...

[ad_1] Fossil fuel debate takes center stage at COP28 - CBS News Watch CBS News Phasing out fossil fuels has been a heated debate at the U.N. Climate Change Conference, known as COP28, in Dubai, and many climate activists fear the process has been compromised by being held in the oil rich United Arab Emirates. The Biden administration has touted record levels of federal funding for clean energy projects, but the U.S. is also producing record amounts of crude oil. Ben Tracy reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On [ad_2] Source link https://worldnews2023.com/science-environment/fossil-fuel-debate-takes-center-sta...

[ad_1] United States President Joe Biden has officially launched his campaign for re-election in 2024, becoming the Democratic frontrunner in a race that could pit him for a second time against Republican contender Donald Trump. Biden’s announcement in a video on Tuesday came on the fourth anniversary of the start of his first successful presidential bid. A majority of Democrats would back Biden, 80, against a Republican challenger in next year’s election, a recent poll found. But the Democratic president faces some of the lowest approval ratings of his tenure so far, and his age – Biden is currently the oldest person to ever hold the highest US office – has spurred questions about his re-election prospects. Biden, who would be 86 at the end of a second term, is betting his first-term legislative achievements and more than 50 years of experience in Washington will count for more than concerns over his age. He faces a smooth path to winning his party’s nomination with no se...

[ad_1] President Joe Biden delivers remarks about the Build Back Better legislation's new rules around prescription drug prices in the East Room of the White House on December 06, 2021 in Washington, DC. Chip Somodevilla | Getty Images Five of Pfizer's drugs will cost less for Medicare recipients starting next month as part of President Joe Biden's plan to lower prescription drug costs, the Department of Health and Human Services said Wednesday.  Pfizer's drugs are among the first set of 27 Part B prescription drugs that will be subject to Medicare inflation rebates starting April 1, according to the department. That requires Pfizer and other prescription drug companies to refund Medicare through rebates because the prices for those drugs rose faster than the rate of inflation.  Pfizer's drugs include the blood thinner Fragmin , which was approved by the Food and Drug Administration in 1994. It also includes Atgam , a medicine used to treat symptoms of Renal...

[ad_1] A United Auto Workers member on a picket line outside the Ford Motor Co. Michigan Assembly plant in Wayne, Michigan, on Sept. 15, 2023. Bloomberg | Bloomberg | Getty Images The Biden administration is no longer sending two key officials to Detroit this week to potentially help broker a deal between striking autoworkers and the Big Three car companies, a White House official told NBC News. President Joe Biden last week said he would dispatch White House senior advisor Gene Sperling and acting Labor Secretary Julie Su to support discussions between the companies and the United Auto Workers union. But the White House and the UAW mutually agreed it would be better to speak virtually via Zoom, the official said Tuesday. Sperling and Su could still go to Detroit next week but there are no firm plans for them to do so, the official added. "We'll continue to assess travel timing based on the active state of negotiations," the White House official said. Biden large...

[ad_1] Biden's Memorial Day address honors troops who "sacrificed everything to keep democracy safe and secure" - CBS News Watch CBS News President Biden attended a Memorial Day commemoration at Arlington National Cemetery and paid tribute to service members who made the ultimate sacrifice to protect the nation. Watch his full remarks. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On [ad_2] Source link https://worldnews2023.com/top-stories/bidens-memorial-day-address-honors-troops-who-sacrificed-everything-to-keep-democracy-safe-and-secure/?feed_id=298295&_unique_id=6621df8c90a99