Both commercial vessels were near the Strait of Hormuz. The U.S. Navy reported that an attempt by Iranian forces to capture two oil tankers was foiled by an…
Read MoreEconomy
HUD Creates Separate Office for Manufactured Housing
The use of manufactured homes increasing to address affordable housing needs. The Department of Housing and Urban Development (HUD) announced the establishment of a new office to manage…
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House Considers Highest Defense Budget Ever
Funding proposed to strengthen America’s military and take care of service members. The House Armed Services Committee has sent to the floor for a vote the highest-ever Defense…
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President to Speak on “Bidenomics” in Chicago
The administration says the president’s focus will be on growing the middle class. President Joe Biden is scheduled to travel to Chicago on Wednesday, where he will attend…
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FTC Appeals Dismissal of Antitrust Case to 2nd Circuit
Maintains “pay-for-delay” practice by a pharmaceutical company violates antitrust law. The Federal Trade Commission (FTC) has appealed a federal district court’s dismissal of an antitrust case. The commission…
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Fed Chair to Raise Interest Rates at “Careful Pace”
Chairman Powell testified before Senate Banking Committee on the rate of inflation. Chair of the Federal Reserve Jerome Powell recently testified before the Senate Banking Committee, where he…
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Commerce Secretary Announces AI Guidance Group
Administration partnering with the National Institute of Standards and Technology. Secretary of Commerce Gina Raimondo announced this week that a new public working group is being formed to…
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Commerce Department Releases Funding for High-Speed Internet
The investment will be made in middle-mile internet infrastructure. The Department of Commerce recently released $930 million for internet infrastructure through their Middle Mile grant program. Middle-mile internet…
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Treasury Secretary Commends Zambia’s Debt Restructuring
The troubled nation receives an extension on debt repayment. Secretary of the Treasury Janet Yellen commended Zambia’s debt restructuring agreement this week. Many African countries are deeply in…
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FTC Expands Study into Prescription Drug Intermediaries
Group purchasing organizations are required to provide information on business practices. The Federal Trade Commission (FTC), as part of its ongoing study of pharmacy benefit managers (PBMs) and…
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