By PAUL WISEMAN, AP Economics Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits dipped to 245,000 last week, hovering at historically low levels, the Labor Department said Wednesday. U.S. jobless claims ticked down from 250,000 the week before. Economists had expected last week’s claims to match that at 250,000. The four-week average of claims, … [Read more...] about US unemployment claims dipped to 245,000 last week, hovering at historically low levels
FDA announces sweeping changes to speed up the drug review process
The Food and Drug Administration has announced some major changes to the review process for drug developers in the United States. It could cut down the time from 10 to 12 months for a review to just one. The pilot program, known as the Commissioner’s National Priority Voucher program, could drastically change the way pharmaceutical drugs reach the public and significantly cut … [Read more...] about FDA announces sweeping changes to speed up the drug review process
Appeals court in San Francisco to hear arguments in National Guard deployment in Los Angeles
By OLGA R. RODRIGUEZ, Associated Press SAN FRANCISCO (AP) — A federal appeals court in San Francisco is scheduled to hear arguments Tuesday on whether the Trump administration should return control of National Guard troops to California after they were deployed following protests in Los Angeles over immigration raids. The hearing comes after the 9th U.S. Circuit Court of … [Read more...] about Appeals court in San Francisco to hear arguments in National Guard deployment in Los Angeles
Trump suggests he’ll extend deadline for TikTok’s Chinese owner to sell app
President Donald Trump suggested on Tuesday that he would likely extend a deadline for TikTok’s Chinese owner to divest the popular video sharing app. Trump had signed an order in early April to keep TikTok running for another 75 days after a potential deal to sell the app to American owners was put on ice. “Probably yeah, yeah,” he responded when asked by reporters on Air … [Read more...] about Trump suggests he’ll extend deadline for TikTok’s Chinese owner to sell app
Americans turn cautious and retail sales slide after a spring spending surge to beat tariffs
By CHRISTOPHER RUGABER and ANNE D’INNOCENZIO, Associated Press Economics Writer WASHINGTON (AP) — Retail sales fell sharply in May as consumers pulled back after a sharp increase in spending in March to get ahead of President Donald Trump’s sweeping tariffs on nearly all imports. Sales at retail stores and restaurants dropped 0.9% in May, the Commerce Department said Tuesday, … [Read more...] about Americans turn cautious and retail sales slide after a spring spending surge to beat tariffs