Month: June 2025
FDA approves Gilead’s twice-yearly HIV prevention injection, offering a powerful and convenient new option
The logo of Gilead Sciences pharmaceutical company is seen in Oceanside, California, April 29, 2020. Mike Blake | Reuters The Food and Drug Administration on Wednesday approved Gilead’s twice-yearly antiviral injection for preventing HIV – a milestone that the company and some experts say could help bring the world closer to ending the decades-long epidemic […]
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Fed sees its preferred inflation gauge topping 3% this year, higher than previous forecast
U.S. Federal Reserve Chair Jerome Powell speaks during a conference marking the 75th anniversary of the International Finance Division of the Federal Reserve Board in Washington, D.C., on June 2, 2025. Andrew Caballero-Reynolds | AFP | Getty Images The Federal Reserve sees inflation rising again to top 3% this year amid the uncertainty around President […]
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Minnesota Rep. Melissa Hortman’s home broken into 3 days after her murder
Law enforcement establish a security perimeter near the residence of senior Democratic state assemblywoman Melissa Hortman after Hortman and her husband, Mark, were shot and killed earlier in the day, in Brooklyn Park, Minnesota, U.S., June 14, 2025. Tim Evans | Reuters The home of murdered Minnesota Democratic state Rep. Melissa Hortman was broken into on […]
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Apple looking to make ‘premium’ priced folding iPhones starting next year, analyst says
People look at iPhones at the Apple Fifth Avenue store in New York City, U.S., May 23, 2025. Adam Gray | Reuters Apple has plans to make a folding iPhone starting next year, reliable analyst Ming-Chi Kuo said on Wednesday. Kuo said that Apple’s folding phone could have a display made by Samsung Display, which […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in May. Text removed from the May statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]
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Fed holds key rate steady, still sees two more cuts this year
WASHINGTON – The Federal Reserve on Wednesday kept interest rates steady amid expectations of higher inflation and lower economic growth ahead, and still pointed to two reductions later this year. With markets expecting no chance of a central bank move this week, the Federal Open Market Committee kept its key borrowing rate targeted in a […]
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Scale AI not ‘winding down’ following Meta deal, interim CEO tells employees and customers
FILE PHOTO: Jason Droege speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. Mike Blake | Reuters Scale AI’s Interim CEO Jason Droege said in a memo on Wednesday that the artificial intelligence startup is not changing course following Meta’s multibillion-dollar investment in the company last week. “Unlike some other […]
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Shares of Coinbase, Circle surge after stablecoin bill passes Senate
Jeremy Allaire, CEO of Circle Internet Group, the issuer of one of the world’s biggest stablecoins, and Circle co-founder Sean Neville pose outside the New York Stock Exchange (NYSE), on the day of the company’s IPO in New York City, U.S., June 5, 2025. NYSE Shares of Circle and Coinbase rallied on Wednesday, as Wall […]
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RFK Jr.’s new vaccine advisors will vote on flu shots containing mercury
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. and Secretary of Education Linda McMahon attend a Make America Healthy Again (MAHA) Commission event, in the East Room of the White House in Washington, D.C., U.S., May 22, 2025. Evelyn Hockstein | Reuters A key, revamped government panel of vaccine advisors appointed by […]
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CEO of Sean Parker’s breakthrough cancer drug institute on leading new race for cure
Karen Knudsen did not grow up in a scientifically centered home. She grew up in a military family. But at an early age, as a “naturally curious” kid, she came to love the experience of discovery and gravitated toward math and science. That led Knudsen to assume she would one day become a medical doctor. […]
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