Author: Newyorki

President Donald Trump has issued a direct ultimatum to 17 major pharmaceutical companies, demanding they commit to substantial reductions in drug prices by September 29, in a bold move aimed at easing healthcare costs for American families. The demand comes with a warning that the administration is prepared to use “every tool in our arsenal” if companies fail to comply. The letters, released Thursday, call for “binding commitments” and propose sweeping measures—including applying “most favoured nation” pricing to Medicaid, aligning U.S. drug prices with those in other developed nations, and offering direct-to-consumer sales that bypass pharmacy middlemen. The move immediately…

Billionaire entrepreneur Elon Musk has continued to pour millions into Republican political campaigns, despite a very public falling-out with U.S. President Donald Trump and growing political tensions between the two. According to Federal Election Commission filings published Thursday, Musk was the largest single donor to Republican congressional campaign groups in the first half of the year. On June 27, Musk donated $5 million each to two major Super Political Action Committees (Super PACs) supporting Republican candidates in the House and Senate, respectively—just days before he hinted at forming a rival political party. The donations come amid an ongoing backlash against…

Treasury Secretary Scott Bessent has described a newly introduced government program known as “Trump Accounts” as a potential step toward privatizing Social Security—drawing praise from conservatives and sharp criticism from Democrats. Unveiled as part of President Donald Trump’s recently passed legislative package, dubbed the “Big, Beautiful Bill,” the new initiative provides every American child born between 2024 and 2028 with a one-time $1,000 federal contribution. These funds are deposited into stock market-tied accounts such as mutual or index funds, intended to build long-term wealth through compound growth. Speaking at a policy forum hosted by Breitbart News on July 30, Bessent…

President Donald Trump’s approval rating has dropped to 40%, marking the lowest point of his second term, according to a new Reuters/Ipsos poll. The decline reflects ongoing public dissatisfaction with his handling of the economy and immigration. The three-day national poll, which concluded Monday, surveyed 1,023 American adults and carries a margin of error of 3 percentage points. It highlights a deep political divide: 83% of Republicans approve of Trump’s performance Only 3% of Democrats support him About one-third of independents express approval The poll, conducted from July 27 to July 29, follows a previous Reuters/Ipsos survey from mid-July in…

The U.S. Secret Service has launched an internal investigation after an agent attempted to include their spouse on a support flight bound for Scotland during former President Donald Trump’s recent international trip, the agency confirmed. The incident involved an agent who sought to bring their spouse, a member of the U.S. Air Force, aboard a mission-support aircraft being used by the Secret Service to transport personnel and equipment for the presidential visit. The flight, operated by the U.S. Air Force, was scheduled to accompany the president’s trip to Trump’s golf resorts in Scotland. According to a Secret Service statement provided…

The Trump administration’s proposal to repeal greenhouse gas emissions standards for new vehicles, intended to offer “regulatory relief” and “affordable choices,” could end up costing American consumers and the economy more than expected, according to the Environmental Protection Agency’s (EPA) own analysis. Although EPA Administrator nominee Lee Zeldin announced the proposed rollback as a step toward ending “sixteen years of uncertainty” for automakers and buyers, internal modeling reveals a more complex reality. Some scenarios estimate the repeal could impose net costs of up to $350 billion annually, especially if tax credits for electric vehicles under the Inflation Reduction Act are…

In a dramatic and rare outburst on the Senate floor, Senator Cory Booker (D-NJ) fiercely criticized his fellow Democrats for what he described as complacency and complicity with President Donald Trump’s administration. The heated exchange unfolded as the Senate considered a bipartisan package of bills aimed at boosting support and funding for police departments. Booker objected to the legislation, proposing an amendment that would require public safety grants to be distributed without political bias. His objection drew swift criticism from Senator Catherine Cortez Masto (D-NV), who accused him of attempting to derail the entire package after it had already passed…

Texas has become the latest flashpoint in the intensifying battle over redistricting in the U.S., as Republicans move forward with a rare mid-decade redraw of congressional boundaries ahead of the 2026 midterm elections. The initiative, strongly backed by President Donald Trump and national GOP leaders, has provoked an uproar among Democrats, who view the move as a blatant attempt to reshape the political map in favor of the Republican Party. The new GOP-drafted congressional map, released on July 30, proposes significant changes to five key districts, particularly in the regions of Dallas, Houston, Austin, and the Rio Grande Valley. While…

Former U.S. Vice President Kamala Harris announced on Tuesday that she will not seek the governorship of California in the upcoming election, ending months of speculation about a potential bid for the state’s top executive office. In an official statement, Harris acknowledged that she had given “serious thought” to the idea of running, especially given her deep ties to California, where she previously served as Attorney General and San Francisco District Attorney. However, she said she ultimately decided not to pursue the role. “After deep reflection, I’ve decided that I will not run for Governor in this election,” Harris stated.…

The U.S. Federal Reserve has once again held its benchmark interest rate unchanged at 4.25%–4.50%, marking the fifth consecutive meeting in which policymakers have opted for stability rather than further tightening or easing. The decision comes amid continued economic uncertainty and ongoing inflationary pressures, despite growing political pressure from the White House to cut rates. In a statement released following its Federal Open Market Committee (FOMC) meeting, the Fed pointed to stubborn inflation, concerns over slowing corporate investment, and weakened consumer spending as key reasons for its cautious approach. The central bank acknowledged that while headline inflation has cooled from…