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AbbVie says Trump pressing for larger Medicare drug price cuts

Editor October 31, 2025
Inside the Nuclear Revival Reshaping Energy Markets
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US will not send officials to COP30 climate talks, White House says

WASHINGTON (Reuters) -The U.S. will not send any high-level officials to the upcoming COP30 climate summit in Brazil, a White House official told Reuters, alleviating some concern among world leaders that Washington would send a team to scupper the talks.Brazil will host a high-level leaders’ summit next week …

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AbbVie says Trump pressing for larger Medicare drug price cuts

(Reuters) -AbbVie said on Friday the Trump administration was pushing for steeper cuts in this year’s Medicare drug price negotiations, which in 2024 yielded discounts of as much as 79%.AbbVie’s irritable bowel syndrome drug Linzess and antipsychotic medication Vraylar were among the 15 drugs targeted this ye …

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OPEC likely to agree small oil output increase for December, sources say

LONDON/MOSCOW (Reuters) -OPEC will likely agree on Sunday another small hike in oil output targets for December, three sources familiar with the talks said, as the group moderates its drive to regain market share amid predictions of a supply glut next year. OPEC has raised output targets by more than 2.7 …

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AI turned Google Cloud from also-ran into Alphabet’s growth driver

NEW YORK, NY (Reuters) -Once a money-losing backwater, Google Cloud has become one of Alphabet’s fastest-growing businesses, powered by massive bets on AI and years of costly investment in datacenters, custom chips, and networking gear.Alphabet’s cloud revenue topped $15 billion in the third quarter, a 3 …

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Apple shares rise as iPhone holiday sales forecast soothes supply woes

While the supply constraints weighed on sales in the fourth quarter, investors remained optimistic as the September launch of the new iPhone lineup helped Apple shares cross above $4 trillion in market capitalization earlier this week, joining Nvidia and Microsoft.The outlook has also helped allay concerns ar …

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