The antidiabetic drug “Ozempic” (semaglutide) from the Danish pharmaceutical company Novo Nordisk. Joel Saget | AFP | Getty Images The US Senate has launched an investigation into the high price Novo NordiskPopular weight loss and diabetes medications, Ozempic and Wegovy, are available in the United States. The investigation into the Danish drugmaker was announced by…
Joe Biden and Donald Trump 2024. Brendan Smialowski | Jon Cherry | Getty Images More voters trust Donald Trump than President Joe Biden to tackle inflation and the cost of living, their top concerns for the U.S., according to the latest NBC News poll. The poll of 1,000 registered voters nationwide found that 52% of…
A measure of wholesale prices rose less than expected in March, perhaps providing some relief from fears that inflation will remain higher for longer than many economists had expected. The producer price index rose 0.2% for the month, less than the Dow Jones consensus estimate of 0.3% and not as large as the 0.6% increase…
The consumer price index accelerated faster than expected in March, pushing up inflation and likely dashing hopes that the Federal Reserve can cut interest rates soon. The consumer price index (CPI), a broad measure of the cost of goods and services across the economy, rose 0.4% for the month, representing a 12-month inflation rate of…
U.S. President Joe Biden delivers remarks on the U.S. economy and his administration’s efforts to improve the American economy during his visit to Flex LTD, a factory that makes solar energy microinverters, in West Columbia, South Carolina, U.S., July 6, 2023 Revitalize manufacturing. Jonathan Ernst | Reuters President Joe Biden is struggling to convince inflation-weary…
Supporters of the opposition Republican People’s Party (CHP) celebrate in front of the municipality’s main building in Istanbul on March 31, 2024, following local elections across Turkey. Yasin Akgul | Afp | Getty Images Turkey’s opposition won an overwhelming victory in several major cities in the country’s local elections on Sunday, dealing a major blow…
President Joe Biden speaks during an event about cutting costs for American families at the Granite State YMCA Allard Center of Goffstown on March 11, 2024 in Goffstown, New Hampshire. Sophie Park | Getty Images News | Getty Images President Joe Biden is starting to win the inflation-blaming game against corporations. A recent online poll…
Few prices are as visible to Americans as the prices they find in the supermarket or at the drive-thru checkout. That’s why two years of rapid food inflation have been a major strain on U.S. households and the Biden administration. Shoppers have been slow to regain confidence in the economy as they pay more to…
Customers shop at a Costco wholesale store in Miami on December 15, 2023. Joe Raedle | Getty Images News | Getty Images Wholesale prices rose more than expected in January, according to a U.S. Labor Department report Friday, further complicating the inflation picture. The producer price index, a measure of the prices received by producers…
Inflation rose more than expected in January as stubbornly high housing prices weighed on consumers, the Labor Department reported Tuesday. The consumer price index, a broad measure of the prices buyers pay for goods and services across the economy, rose 0.3% for the month, the Bureau of Labor Statistics reported. On a 12-month basis, this…
