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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USDA Recognizes National Pollinator Week
The department affirms its commitment to protecting pollinators and their habitats. The U.S. Department of Agriculture (USDA) is recognizing National Pollinator Week from June 19 to 25 highlighting…
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Tariff Suspension for Ukrainian Steel Extended an Extra Year
Commerce secretary supports the extension of the presidential proclamation. Secretary of Commerce Gina Raimondo has announced that tariffs on Ukrainian steel will be suspended for an additional year.…
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Defense Secretary Holds Collaborative Meetings in India
Secretary Austin seeks to strengthen cooperation in the Indo-Pacific. Secretary of Defense Lloyd Austin recently spent two days in India meeting with his counterparts. He held discussions with India’s…
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Mastercard Ordered to Stop Blocking Competition
FTC finalizes consent ordering for illegal business tactics, restricting debit payment transactions. The Federal Trade Commission (FTC) has finalized a consent order that addresses Mastercard’s illegal tactics which…
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SCOTUS Rules in Favor of Company over Union Leaders
The decision states that the union did not take reasonable action to protect company assets when striking. The Supreme Court has ruled that union leaders fostered “foreseeable and…
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Commerce Department Holds SelectUSA Summit
4,200 attendees network at foreign direct investment event. The Department of Commerce concluded the three-day SelectUSA Summit. More than 4,200 people attended the 2023 conference for foreign direct…
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Federal Reserve Raises Interest Rates Again
Currently at 5 percent. Federal Reserve officials raised interest rates a quarter of a percent Wednesday. Rates are now at their highest since 2007. This increase is yet another…
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Iran Seizes Second Oil Tanker Bound for U.S.
U.S. Navy reports the second incident in a week. The United States Navy reported that a second oil tanker was seized in the Strait of Hormuz by the…
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China Building EV Battery Plant in Michigan
U.S. congressman expresses concerns as protests occur. The state of Michigan’s appropriations panel recently passed an incentive for Gotion, Inc. to build an electric vehicle battery plant in…
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