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[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

[ad_1] NEW YORK: Stocks rose again Thursday after more companies reported better profits than expected, while yields climbed after a Federal Reserve official cautioned the end to its interest-rate hikes may not arrive as soon as Wall Street hoped. The S&P 500 gained 0.9%, adding to its rally from the day before as hopes rise further that the US government can avoid a disastrous default on its debt. The Dow Jones Industrial Average added 115 points, or 0.3%, while the Nasdaq composite climbed 1.5%. Video game maker Take-Two Interactive shot to the biggest gain in the S&P 500 after it forecast a huge jump in revenue for the fiscal year following this one. That stoked speculation that Grand Theft Auto VI is on the way, and its stock jumped 11.7%. Bath & Body Works was close behind with a gain of 10.7%. It reported stronger revenue and earnings for the latest quarter than analysts expected. Also helping to support Wall Street was another retailer, Walmart , which rose 1.

[ad_1] U.S. President Joe Biden puts on a t-shirt of the UAW Local 1268 during a United Auto Workers (UAW) union members meeting, in Belvidere, Illinois, U.S., November 9, 2023.  Leah Millis | Reuters DETROIT – President Joe Biden said Thursday that all autoworkers deserve contracts like the ones recently won by the United Auto Workers from General Motors , Ford Motor and Chrysler-parent Stellantis . Biden, wearing a red UAW T-shirt given to him by a local union leader, said the deals won by UAW negotiators are "game changers" that set a "new standard" for blue-collar workers. The deals include 25% wage increases, including 11% upon ratification; reinstatement of cost-of-living adjustments; additional contributions for retirees; billions in new investments; and other benefits. The tentative deals must still be ratified by union members; voting is ongoing. "I'm a little selfish, I want this type of contract for all autoworkers," Biden said during

[ad_1] The FBI found more classified documents at the Wilmington, Delaware, home of President Joe Biden during a consensual search Friday that lasted nearly 13 hours, his personal lawyer and a prosecutor said Saturday evening The discovery was the fourth time since November that classified records or material has been found at a private address of Biden's. His personal lawyer Bob Bauer, in a statement, said the Department of Justice seized "six items consisting of documents with classification markings and surrounding material." Joseph D. Fitzpatrick, assistant U.S. Attorney for the Northern District of Illinois, told NBC News: "I can confirm that the FBI on Friday executed a planned, consensual search of the President's residence in Wilmington, Delaware." Some of the items dated from Biden's tenure in the Senate, where he represented Delaware from 1973 to 2009, Bauer said. And some of the items were from his tenure as vice president in the Obama a

[ad_1] James Trusty, attorney for Donald Trump, appears on "Meet the Press" in Washington, D.C., April 9, 2023. NBCUniversal | Getty Images An attorney who quit the team defending Donald Trump in the criminal classified documents case said Friday he would no longer represent the former president in a separate defamation lawsuit against CNN. The lawyer, Jim Trusty, said in a court filing that his request to withdraw from the $475 million civil suit "is based upon irreconcilable differences" with Trump. "Counsel can no longer effectively and properly represent Plaintiff," Trusty wrote in the filing in U.S. District Court in Fort Lauderdale, Florida. Neither Trusty nor lawyers for CNN immediately responded to requests for comment on Trusty's move to withdraw as Trump's counsel. Lindsey Halligan, Trump's remaining attorney in the defamation case, referred CNBC to the former president's spokesman Steven Cheung, who said the defamation su

[ad_1] People walk by the News Corporation headquarters, home to Fox News, on April 18, 2023 in New York City. Spencer Platt | Getty Images Fox Corp. Chief Legal and Policy Officer Viet Dinh will step down from his post, months after the company agreed to pay a $787.5 million settlement to Dominion Voting Systems. The departure comes after Dinh advised the company through the lawsuit with the voting machines company, which was halted just short of a trial with the April settlement. The company has continued to feel the fallout since. Dominion hit Fox with a defamation lawsuit arguing its networks "intentionally and falsely" blamed the company for the 2020 election loss of former President Donald Trump to President Joe Biden by airing unsubstantiated claims that Dominion's machines rigged the election. While Fox agreed to the settlement, its hosts weren't required to talk about the lawsuit or make any public apology for on-air statements. Days after the settlem

[ad_1] President Joe Biden on Thursday signed into law a bill aimed at easing the cost for prisoners to call family and friends. The legislation clarifies that the Federal Communications Commission, which regulates interstate and international communications through cable, radio, television, satellite and wire, can set limits for fees on audio and video calls inside corrections facilities. Phone calls from prisons and jails are a lifeline for those incarcerated, but the cost varies widely and can be a financial drain on families already struggling to make ends meet with an adult behind bars. Right now, Kentucky has the highest cost for a 15-minute call, at $5.70, and $9.99 for a cellphone call, while New Hampshire charges only 20 cents for the same amount of time. There are more than 1.2 million people in state and federal prisons, and tens of thousands more are incarcerated in jails nationwide awaiting trial or sentencing. Less likely

[ad_1] Rupert Murdoch arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 10, 2018. Drew Angerer | Getty Images Rupert Murdoch is being deposed Tuesday as part of the $2.7 billion defamation lawsuit filed against Fox Corp. by the voting technology company Smartmatic , a source familiar with the matter told CNBC. Murdoch is expected to sit for questioning in Los Angeles on Tuesday and Wednesday, according to the source. It is the second time this year that Murdoch, 92, has been deposed in a high-stakes defamation lawsuit accusing Fox News of airing damaging lies about the 2020 U.S. presidential election. Under questioning in January as part of a similar defamation lawsuit filed by Dominion Voting Systems, Murdoch admitted that some Fox News hosts and personalities "endorsed" the false narrative that the election was stolen from then-President Donald Trump . Fox paid $787.5 million to settle Dominion&#

[ad_1] U.S. President Joe Biden speaks about lowering health-care costs, in the East Room of the White House in Washington, D.C., Aug. 29, 2023. Saul Loeb | AFP | Getty Images WASHINGTON — President Joe Biden is placing a priority on reducing individual health-care costs as he seeks reelection in a country where medical spending accounts for 18.3% of the nation's gross domestic product, according to the Centers for Medicare and Medicaid Services. "Boy, we've been fighting Big Pharma for a long time," Biden said Tuesday from the White House. "I promise you I'm gonna have your back and I'll never stop fighting for you on this issue, nor will Kamala." On Tuesday, the White House announced 10 prescription drugs that will be subject to the first-ever Medicare price negotiations, which will go into effect in 2026. The 10 medicines accounted for $50.5 billion, or about 20%, of total Part D prescription drug costs   between June 1, 2022, and May 31,