The nation’s major health insurers are promising to reform a widely criticized practice that leads to care delays and complications. Prior authorization, where insurers require approval before covering medical care or services, will be reduced in scope and standardized by the end of next year. This process is intended to prevent overuse of care and … Read more
The US bombed three Iranian nuclear facilities on Sunday, prompting Iran to retaliate with limited strikes against a US air base in Qatar. The response from the markets was unexpected, with oil prices plummeting 7% instead of rising as expected. Traders had anticipated a traditional “risk-off” reaction, characterized by selling stocks and higher oil prices. … Read more
New York State is planning to build a new nuclear power plant in an effort to meet growing demand for clean energy. The project, directed by Governor Kathy Hochul, aims to develop at least 1 gigawatt of nuclear capacity. This capacity would be enough to power approximately one million homes. Multiple communities upstate have already … Read more
Apple is reportedly working on a powerful new chip for the iPhone 18 Pro, featuring TSMC’s next-gen 2nm fabrication process and advanced WMCM (Wafer-Level Multi-Chip Module) packaging. This combination promises improved performance, reduced size, and increased power efficiency. The new A20 chip will allegedly be manufactured by TSMC in late 2025, with the company establishing … Read more
The US Federal Trade Commission (FTC) has cleared a major hurdle for Omnicom Group’s proposed acquisition of Interpublic Group, a leading advertising industry merger. The deal, valued at $8.93 billion, would bring together two of the world’s largest advertising holding companies. Interpublic Group, with annual revenue of $9 billion and strong financial health, has reached … Read more
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Streaming services such as Netflix, Amazon Prime Video, and Disney+ have come under scrutiny due to their practice of restricting access to users based on geographical location. This phenomenon has been noticed across the globe, with various countries imposing strict regulations on content availability. The main rationale behind this restriction is copyright protection. Content creators … Read more
At least seven people were killed and 28 injured in a Russian drone and missile attack on Kyiv, the capital of Ukraine, on Monday. Mayor Vitali Klitschko described the attack as “terrible” and blamed it on Moscow. The Ukrainian air force said Russia launched 352 drones and 16 missiles into the country overnight, with most … Read more
Iran’s parliament has endorsed closing the Strait of Hormuz, a critical waterway that controls nearly 20% of global oil supply. The move is seen as a major escalation in tensions with Western powers. If implemented, it could lead to significant price hikes for oil and gas. However, analysts believe this scenario is unlikely at present … Read more
Apple is set for a significant year ahead, with potential challenges including economic uncertainty, tariffs, and a growing trend of people holding onto their phones longer. However, the company may also see benefits from releasing thinner new iPhone Air models, which could convince fence-sitters to upgrade. In addition to new iPhones, Apple will likely make … Read more