Global drugmaker Merck on Tuesday sued the Biden administration over Medicare’s new powers to substantially reduce drug prices for seniors under the Inflation Reduction Act, the opening salvo in the pharmaceutical industry’s efforts to weaken the program.In a scathing complaint filed in federal district court, Merck excoriated the negotiation process…

Apple let some people try out its new Vision Pro mixed-reality headset. People seem genuinely impressed by Apple’s technology, but the device is notably heavy for long wear, and some users were left with questions about what the headsets will ultimately be used for.If you missed it, Apple announced its headset on…

Microsoft will pay $20 million to settle US government allegations that the tech giant violated children’s privacy by illegally collecting their personal information through its Xbox Live gaming service. According to the Federal Trade Commission, Microsoft broke the law by failing to tell parents about the full breadth of information…

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This article was first posted in Outperforming the Market on June 5, 2023. Several members of Outperforming the Market have asked me about Super Micro Computer Inc. (NASDAQ:SMCI), which I have done a deep dive on. In this article, I will introduce SMCI and cover various aspects of the company,…

Whenever questions about CNN’s declining ratings have come up over the past year, Warner Bros Discovery chief executive David Zaslav has urged patience. Just last month he endorsed the work that Chris Licht, his handpicked choice to lead CNN, was doing to revive the news network.But when Zaslav installed a…

US Secretary of State Antony Blinken is expected to meet with Saudi Crown Prince Mohammed bin Salman during his upcoming visit to Saudi Arabia, a US official told CNN, the latest step toward rapprochement between the US government and the de facto leader of a key US ally. Relations between…

The U.S. Department of Labor’s monthly labor-market updates have been driving outsize swings in stocks since the start of 2023, a sign that one of the most closely watched economic-data reports has regained some of the relevance it had ceded to inflation data last year. Since the start of 2023,…