The Biden Administration’s Inflation Reduction Act includes $80 billion tax dollars for the IRS over the next 10 years, enough to hire 87,000 new agents at $100,000 a year. Some critics say America’s tax agents spend too much effort harassing the little guy while bypassing multi-millionaires. James McTigue heads up the tax policy at the […]
Business
(WATCH) Crypto Mining
You’ve probably been hearing about the collapse of FTX, an exchange where people could buy and sell cryptocurrency like Bitcoin. It’s now mired in investigations into alleged mishandling of customer money and founder Sam Bankman-Fried — one of the largest donors to Democrats. Our next story explores another controversy related to the murky world of […]
(READ) Republicans press TikTok's Communist Chinese CEO on 'misleading information'
Reps. Cathy McMorris Rodgers (R-Wash) and James Comer (R-Kentucky) are accusing the owners of the Communist Chinese social media site TikTok of providing "misleading or false information...about its data sharing and privacy practices." The lead Republicans in the House of Representatives have written TikTok's CEO, Shou Zi Chew, renewing a request for all information regarding […]
(WATCH) Housing Market
With a possible economic recession on the horizon, there could be big trouble in America's housing market. Buyers and sellers are suffering from whiplash after recent wild swings in home prices and mortgage rates. Lisa Fletcher takes us to one city for the roller coaster ride. We begin our look at the volatile world of […]
(WATCH) Energy Crisis
(Original air date Oct. 16) We begin with an amazing development on the energy front. Right now, some of the world’s leaders in green energy are reluctantly returning to fossil fuel in a big way. That’s because what some see as a climate emergency has been overtaken by a more immediate crisis: a global energy […]
(READ) New drug for hemophilia is most expensive in the world at $3.5 million per treatment
A new drug to treat hemophilia has been approved by the FDA. The drug is called Hemgenix, and its price tag makes it the most expensive drug in the world. According to reports, CSL Behring, which makes the gene therapy treatment, is setting the price at an incredible $3.5 million per treatment. Hemgenix is approved […]
POLL: More shopping but not more spending this holiday season
More Americans said they planned to do Black Friday shopping this year, but they said they don't plan to spend more on holiday gifts. That's according to Rasmussen Reports. According to the survey of 1,000 people, 43% were more likely to shop the day after Thanksgiving to take advantage of some of the biggest sales […]
Pharma executive charged with insider trading that allegedly netted $7.2 million
The following is an excerpt from Fierce Pharma. The other shoe has dropped in the case of two Viatris employees who allegedly used insider information to make trades that netted them $7.2 million. The SEC has charged the company’s chief information officer Ramkumar Rayapureddy with providing tips to a friend and former colleague who was said to […]
