Alphabet CEO Sundar Pichai delivers the keynote address at the Google I/O developer conference at the Shoreline Amphitheater in Mountain View, California on May 10, 2023. Justin Sullivan | Getty Images News | Getty Images Google’s cloud business is expanding the use of new AI technologies in healthcare, giving medical professionals at the Mayo Clinic … Read more
Merck is suing the Department of Health and Human Services over Medicare’s new powers to reduce drug prices under the Inflation Reduction Act. In a scathing complaint filed in federal district court, Merck criticized the negotiation process as a “false” and “amounting to extortion.” Merck has asked the US District Court for the District of … Read more
Companies are turning to AI-powered mental health tools to help workers deal with stress and burnout. Half of workers experience symptoms of anxiety and more than half of workers have symptoms of depression, according to a recent Deloitte survey. While workers want their employers to offer more mental health resources, it may be easier for … Read more
The consumer price index is a key measure of inflation. The CPI measures how quickly prices change in specific categories of consumer goods and services. Categories like housing, health insurance, and technology have idiosyncrasies that make inflation difficult to measure. Their inflation data may not reflect reality for consumers. Richard Newstead | Moment | Getty … Read more
The IIF said the combination of such high debt levels and rising interest rates has caused the cost of servicing that debt to rise, triggering concerns about leverage in the financial system. “At nearly $305 trillion, global debt is now $45 trillion above its pre-pandemic level and is expected to continue to increase rapidly,” the … Read more
The US reached its debt ceiling, or debt limit, in January. The nation could run out of money to pay all of its bills as soon as June 1, the so-called “X-date.” The government would not be able to pay everyone on time. It would likely prioritize payments to investors holding US Treasuries, to avoid … Read more
