President Trump on Thursday announced a drug pricing deal with Regeneron — the last of 17 manufacturers the administration pressured last year to commit to his "most favored nation" policy. Why it matters: The deals with the other companies to lower certain drug prices are being touted as one of the administration's signature health accomplishments, though Democrats question whether the confidential arrangements are really helping consumers. Driving the news: Like other deals, the agreement calls for lower prices for certain drugs offered to Medicaid, as well as to patients paying cash through the TrumpRx website. - Trump claimed the deal amounts to "the biggest cut in drug prices in the history of our country, by many percentage…
President Trump on Thursday announced a drug pricing deal with Regeneron — the last of 17 manufacturers the administration pressured last year to commit to his "most favored nation" policy. Why it matters: The deals with the other companies to lower certain drug prices are being touted as one of the administration's signature health accomplishments, though Democrats question whether the confidential arrangements are really helping consumers. Driving the news: Like other deals, the agreement calls for lower prices for certain drugs offered to Medicaid, as well as to patients paying cash through the TrumpRx website. - Trump claimed the deal amounts to "the biggest cut in drug prices in the history of our country, by many percentage…Open
Warner Bros. Discovery shareholders on Thursday voted "overwhelmingly" in favor of the merger with Paramount Skydance, clearing a critical hurdle. - Yes, but: Shareholders did not approve the executive compensation package presented at the meeting. Why it matters: The executive compensation package would have seen CEO David Zaslav earning at least $500 million. Zoom in: More than 1.4 billion votes were cast against the compensation proposal, versus the 307.7 million in favor. Each share of WBD common stock is entitled to one vote. - The compensation proposal was an advisory, non-binding vote and not a condition for completion of the deal. - The executives could still earn the payments outlined in the package if the deal closes,…
Warner Bros. Discovery shareholders on Thursday voted "overwhelmingly" in favor of the merger with Paramount Skydance, clearing a critical hurdle. - Yes, but: Shareholders did not approve the executive compensation package presented at the meeting. Why it matters: The executive compensation package would have seen CEO David Zaslav earning at least $500 million. Zoom in: More than 1.4 billion votes were cast against the compensation proposal, versus the 307.7 million in favor. Each share of WBD common stock is entitled to one vote. - The compensation proposal was an advisory, non-binding vote and not a condition for completion of the deal. - The executives could still earn the payments outlined in the package if the deal closes,…Open
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OpenAI on Thursday released its most capable model, GPT-5.5, codenamed "Spud," just one week after competitor Anthropic launched its latest model . Why it matters: AI releases are getting faster, more efficient and more powerful. What they're saying: "This is a new class of intelligence. It's a big step towards more agentic and intuitive computing," OpenAI co-founder Greg Brockman told reporters in a briefing. - GPT-5.5 is a "faster, sharper thinker for fewer tokens" compared to 5.4, he added, and can handle multi-step workflows more autonomously with less user input. - Despite the jump in capability, OpenAI says GPT-5.5 matches GPT-5.4's response speed in real-world use. - It's available starting Thursday in ChatGPT and Codex, with…
OpenAI on Thursday released its most capable model, GPT-5.5, codenamed "Spud," just one week after competitor Anthropic launched its latest model . Why it matters: AI releases are getting faster, more efficient and more powerful. What they're saying: "This is a new class of intelligence. It's a big step towards more agentic and intuitive computing," OpenAI co-founder Greg Brockman told reporters in a briefing. - GPT-5.5 is a "faster, sharper thinker for fewer tokens" compared to 5.4, he added, and can handle multi-step workflows more autonomously with less user input. - Despite the jump in capability, OpenAI says GPT-5.5 matches GPT-5.4's response speed in real-world use. - It's available starting Thursday in ChatGPT and Codex, with…Open
A U.S. special forces soldier was arrested and charged with using classified information about the raid to capture Venezuelan leader Nicolás Maduro to profit from prediction market bets, the Department of Justice announced Thursday. Why it matters: The case lands as regulators and lawmakers intensify scrutiny of prediction markets — offering a real-world test of how aggressively authorities pursue insider trading tied to sensitive government information. - This is the first time the Commodity Futures Trading Commission has filed charges of insider trading in connection with event contracts, per a CFTC statement. The big picture: The indictment accuses Gannon Ken Van Dyke, a master sergeant based at Fort Bragg, North Carolina, of…
A U.S. special forces soldier was arrested and charged with using classified information about the raid to capture Venezuelan leader Nicolás Maduro to profit from prediction market bets, the Department of Justice announced Thursday. Why it matters: The case lands as regulators and lawmakers intensify scrutiny of prediction markets — offering a real-world test of how aggressively authorities pursue insider trading tied to sensitive government information. - This is the first time the Commodity Futures Trading Commission has filed charges of insider trading in connection with event contracts, per a CFTC statement. The big picture: The indictment accuses Gannon Ken Van Dyke, a master sergeant based at Fort Bragg, North Carolina, of…Open
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