House passes Speaker Nancy Pelosi’s drug pricing bill
Healthcare

House passes Speaker Nancy Pelosi’s drug pricing bill

he House of Representatives on Thursday passed Speaker Nancy Pelosi’s drug pricing legislation, a sweeping bill that will allow the U.S. government to negotiate lower prices on the costliest drugs each year. The legislation, which passed the House 230 to 192, was widely expected to be approved in the House, where Democrats control the chamber with 233 […]

Pelosi agrees to expand drug price bill to win support from AOC, other Democrats
Healthcare

Pelosi agrees to expand drug price bill to win support from AOC, other Democrats

House Speaker Nancy Pelosi has brokered a deal with a key block of Democrats that threatened to derail passage of her sweeping bill overhauling drug prices. Pelosi met late Tuesday with Reps. Pramila Jayapal, D-Wash., and Mark Pocan, D-Wis., co-leaders of the Congressional Progressive Caucus. The caucus said the legislation didn’t go far enough and was threatening […]

Resident Evil 3 Announced for PS4, Xbox One, and PC, Release Set for April 3 Next Year
Technology

Resident Evil 3 Announced for PS4, Xbox One, and PC, Release Set for April 3 Next Year

Resident Evil 3 is finally official. After teasing the launch of a Resident Evil 3: Nemesis (1999) remake for the past few weeks, Capcom has finally unveiled Resident Evil 3, and has revealed that the game will arrive next year. Resident Evil 3 will be out on April 3, 2020 for PC, PlayStation 4, and […]

JP Morgan sees S&P 500 rising 8% in 2020 as economy ‘reaccelerates’
Economy

JP Morgan sees S&P 500 rising 8% in 2020 as economy ‘reaccelerates’

The record-setting stock market rally will gain steam in 2020 as the stage is set for the global economy to recover, according to J.P. Morgan. Dubravko Lakos-Bujas, the bank’s chief U.S. equity strategist, set his 2020 price target for the S&P 500 at 3,400, a roughly 8% gain from here. Betting on a limited U.S.-China trade deal […]

Away replaces CEO Steph Korey after Verge investigation
Business & Markets

Away replaces CEO Steph Korey after Verge investigation

Away CEO Steph Korey is stepping down. Korey, one of the luggage brand’s co-founders, will be replaced with former Lululemon executive Stuart Haselden, though Korey will still continue on as executive chairman. The news comes after days of public backlash due to leaked documents showing Korey routinely intimidated employees on public Slack channels. After an […]

Digital health start-up once worth $1.5 billion is racing to keep lights on as investors flee
Healthcare

Digital health start-up once worth $1.5 billion is racing to keep lights on as investors flee

Proteus Digital Health has spent two decades trying to develop “smart pills” that can be used to tell a smartphone app whether patients have taken their medications. The technology was so promising that, three years ago, investors valued the company at $1.5 billion. But Proteus has struggled to turn its vision into reality and is now desperate for […]

Minecraft Bedrock Version Coming to PS4
Technology

Minecraft Bedrock Version Coming to PS4

Bedrock is coming to PlayStation 4 tomorrow! “Kelsey,” you gasp in horror, “you’ve given away the whole article in the first sentence.” Don’t worry, beloved reader of PlayStation Blog, there is always more! “So how is this different from the version of Minecraft I can already play on my PS4?” The difference is that the […]

China exports fall again as US trade war continues
Economy

China exports fall again as US trade war continues

China’s exports fell in November as shipments to the US slowed sharply, adding to concerns about the effects of the two nations’ trade war. November exports from the world’s second largest economy fell 1.1% from a year earlier, the fourth straight fall. Exports to the US were down 23%, the worst such result since February and […]

U.S. banks' reluctance to lend cash may have caused repo shock
Business & Markets

U.S. banks’ reluctance to lend cash may have caused repo shock: BIS

The unwillingness of the top four U.S. banks to lend cash combined with a burst of demand from hedge funds for secured funding could explain a recent spike in U.S. money market rates, the Bank for International Settlements said. Cash available to banks for short-term funding all but dried up in late September, and interest […]

Facebook sells off Oculus Medium to Adobe
Technology

Facebook sells off Oculus Medium to Adobe

Facebook  is selling Oculus  Medium — a 3D virtual reality sculpting tool for creatives — to Adobe. The team was an expensive effort for Oculus and its sale signifies a broader rethinking within Facebook in what virtual reality projects they tackle in-house. It’s clear that Oculus pumped an awful lot of money into Medium over the years and […]