Georgia Insurance Commissioner John King announced on Monday that he will run in the 2026 race to challenge Democratic U.S. Senator Jon Ossoff. King stated, “President Trump needs reinforcements and Georgia needs a new senator.” King’s announcement follows U.S. Rep. Marjorie Taylor Greene’s decision to not run for Senate and comes a week after Georgia…
Category: News
Trump signs executive order giving drugmakers 30 days to reduce prescription drug prices
On Monday, President Donald Trump signed a major executive order setting a 30-day deadline for drugmakers to lower the cost of prescription drugs in the U.S. or face new limits on what the government will pay. The order directs the Department of Health and Human Services, led by Robert F. Kennedy Jr., to negotiate new…
U.S. Inflation Hits Four-Year Low as Falling Prices Raise Concerns About Economic Slowdown
The U.S. has experienced its lowest inflation rate in four years, driven primarily by a notable drop in prices for everyday goods. According to the Bureau of Labor Statistics, egg prices saw their largest monthly decline since 1984, while used car, clothing, and airfare costs also decreased. These changes offer some relief to American families…
Trade Deadlock with China Pushes U.S. Soybean Farmers Toward Steep Export Decline
U.S. soybean exports may drop by as much as 20% if the ongoing trade conflict with China is not resolved, according to agribusiness consultancy AgResource. Despite a recently announced temporary truce, analysts argue that the reduced Chinese tariffs—from 145% to 10%—are still too high to make American soybeans competitive in the Chinese market. As China…
Trump vows to mandate that the U.S. match other countries’ prices for certain medications
President Donald Trump says he will sign an executive order on Monday that could lower the prices of certain medications, bringing back an idea he pushed during his first term, one he has been speaking about since before becoming president. The order Trump plans to sign will tell the Department of Health and Human Services…
Trump visits Gulf Arab nations amid ongoing crises in Gaza and Iran
During his current visit to the Middle East, U.S. President Donald Trump is stopping in Saudi Arabia, Qatar, and the United Arab Emirates. However, the more serious regional issues involve two different countries: Israel and Iran. Two months after a ceasefire ended, Israel has increased its military operations in the Gaza Strip. The blockade there…
Chime Files for Nasdaq IPO, Betting on Fintech Momentum and Rising User Base Despite Profit Dip
Financial technology company Chime has filed to go public on the Nasdaq under the ticker symbol “CHYM.” The company emphasized in its prospectus that it is a tech firm and not a bank, noting it is not a member of the FDIC. Despite this, it sees traditional banking giants like JPMorgan Chase, Wells Fargo, and…
California Approves State Farm’s Emergency Rate Hike After Wildfires, Sparking Backlash From Survivors
State Farm has become the first insurance company in California to win approval for emergency interim rate hikes, starting June 1. The decision comes after the insurer cited financial distress from more than $7 billion in projected claims related to the January wildfires in Los Angeles County. The state’s Department of Insurance recommended the approval,…
April Inflation Slows to 2.3% as Tariff Impact Looms, Fed Rate Cuts Now Expected in Fall
In April, U.S. inflation came in slightly lower than expected, as the tariffs imposed by President Donald Trump began to affect the economy. According to the Labor Department’s report, the consumer price index (CPI) rose by 0.2% for the month, bringing the annual inflation rate down to 2.3%, its lowest level since February 2021. This…
UnitedHealth CEO Resigns Amid Stock Plunge, Legal Troubles, and Fallout from Former Executive’s Death
UnitedHealth Group has announced a sudden leadership change, naming a new chief executive after Andrew Witty’s unexpected resignation. Witty stepped down from his role for unspecified “personal reasons,” leaving a significant gap in the company’s top leadership. To fill this vacancy, Stephen J. Hemsley, who had previously served as UnitedHealth’s CEO from 2006 to 2017,…