EU clashes with Big Pharma to make drugs cheaper – POLITICO

The EU wants to give European consumers access to more medicines, faster and at lower cost — and he fights with the pharmaceutical industry in the process. A draft plan to overhaul EU pharmaceutical laws – a copy of which was obtained by POLITICO — would see the European Commission take away the benefits currently … Read more

Biden’s IRA left Europe blind. And playing catch-up could lead to 2 big mistakes

US President Joe Biden and European Commission President Ursula von der Leyen. Bloomberg | Bloomberg | Getty Images The European Union is working against the clock to create an agenda to compete with the president Joe Bidenunprecedented climate subsidies. But he will face two key problems in the process. The EU had long asked the … Read more

Every man for himself in national industrial policies is the wrong solution – POLITICO

Luis Garicano is a former member of the European Parliament and is spending the academic year as a visiting professor of economics and strategy at Columbia Business School and the University of Chicago Booth School of Business. He is also a nonresident Scholar at Bruegel. Guy Verhofstadt is a Member of the European Parliament and … Read more

Pregnancy complications linked to higher risk of heart disease, study finds

CNN — Five major pregnancy complications are important lifelong risk factors for ischemic heart disease, a new study discoveries, with the greatest risk occurring within a decade of delivery. Ischemic heart disease refers to heart problems, including heart attack, caused by narrowed or dysfunctional blood vessels that reduce blood and oxygen flow to the heart. … Read more

California floated cutting off major southwestern cities from Colorado River water before hitting its agricultural supply, sources say

CNN — In a closed-door negotiation last week on the fate of the Colorado Riverrepresentatives from California’s powerful water districts have offered to model what the basin’s future would look like if some of the largest cities in the West – including Phoenix and Las Vegas – were cut off from the river’s water supply, … Read more

Biden administration moves one step closer to advancing controversial Alaska oil drilling project

CNN — The Home Office’s Land Management Bureau advanced on Wednesday them controversial Willow oil drilling project on the Alaska North Slope, issuing the final environmental impact statement before the project can be approved. The Willow Drilling Plan proposed by ConocoPhillips is a massive, decades-long project that the state’s bipartisan congressional delegation says will create … Read more

Bed Bath and Beyond is closing another 87 stores. See the list

New York CNN — Bed bath and beyond is closing another 87 stores as the struggling retailer heads into bankruptcy. Store closures add to 150 Bed Bath and Beyond closures announced last August. The new listing includes 5 buybuy Baby locations and the remaining 49 Harmon Face Value stores, which once sold cosmetics. “As we … Read more

Deadly California shootings highlight mental health issues among older Asian immigrants

Washington— Two mass shootings in California in one week have highlighted the complex mental health issues faced by older Asian Americans who may have been traumatized in their home country and who, after building a new life in the United States now face additional challenges as they age. Some first-generation Asian immigrants, especially those who … Read more

California floated cutting off major southwestern cities from Colorado River water before hitting its agricultural supply, sources say

CNN — In a closed-door negotiation last week on the fate of the Colorado Riverrepresentatives from California’s powerful water districts have offered to model what the basin’s future would look like if some of the largest cities in the West – including Phoenix and Las Vegas – were cut off from the river’s water supply, … Read more

Share of Americans living paycheck to paycheck jumped in 2022

Shoppers in San Francisco on December 21, 2022. David Paul Morris | Bloomberg | Getty Images Month of high inflation have weighed heavy on households. In December, 64% of Americans were living paycheck to paycheck, according to a recent LendingClub Report – compared to 61% a year earlier and in line with the first historic … Read more