Economy - PRESS AI WORLD
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ECONOMY
Drugmakers Increase U.S. Prices on Over 250 Medicines Starting January 1

Major drug companies plan to raise prices on over 250 medications in the U.S., effective January 1, 2025, with median increases around 4.5%.

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ECONOMY
Surge in U.S. Credit Card Defaults Amid Rising Consumer Debt Crisis

Credit card defaults in the U.S. have surged, with debt levels hitting a record $1.17 trillion as Americans struggle to cope with rising inflation.

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ECONOMY
New Puerto Rico Governor Embraces Fossil Fuels to Address Energy Crisis

Newly inaugurated Puerto Rico Governor Jenniffer Gonzalez aims to tackle the island's energy crisis by pivoting to fossil fuels.

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ECONOMY
Interest Rates for Small Savings Schemes Held Steady for Fourth Straight Quarter

Government keeps interest rates on small savings schemes unchanged for fourth consecutive quarter from January to March 2025.

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ECONOMY
Can Vaccines Overcome Genetic Resistance to Norovirus?

Research reveals genetic factors that offer immunity to norovirus and explores the potential for effective vaccines against this resilient virus.

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ECONOMY
Scottie Scheffler's Next Challenge: Maintaining Momentum After a Stellar Year

Scottie Scheffler faces high expectations following an exceptional year, but challenges await as he injures his hand and withdraws from the season opener.

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ECONOMY
China's C919 Manufacturer Comac Plans Significant Expansion Ahead of Busy 2025

Comac expands production capabilities for the C919 jet ahead of anticipated demand in 2025, aiming for faster delivery and increased output.

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ECONOMY
The Perils of Legalized Sports Gambling: A National Concern

The expansion of sports gambling in the U.S. raises concerns over addiction and negative societal impact, questioning its benefits versus the costs involved.

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ECONOMY
Prabowo Subianto Advocates for Protection of Indonesia's Palm Oil Sector from Foreign Interests

Prabowo seeks enhanced security measures for Indonesia's palm oil industry amid foreign interest and upcoming EU regulations.

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ECONOMY
Reliance Industries Invests $13 Billion in Acquisitions, Shifting Focus to Clean Energy and Technology

Reliance Industries has invested $13 billion in acquisitions over five years, shifting focus towards clean energy and consumer sectors.

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