Apple iPhone supplier Foxconn expects first-quarter revenue decline

Apple iPhone supplier Foxconn expects first-quarter revenue decline

Apple’s iPhone 15 series devices are displayed for sale at The Grove Apple retail store on release day in Los Angeles on Sept. 22, 2023. Patrick T. Fallon | AFP | Getty Images Apple supplier and lead iPhone assembler Foxconn on Friday reported a revenue drop for the final quarter of 2023 and said it…

Tesla recalls more than 1.6 million cars in China over problems with Autopilot, locks

Tesla recalls more than 1.6 million cars in China over problems with Autopilot, locks

Aerial view of Tesla vehicles waiting to be loaded on board a roll-on-roll-off cargo vessel at Nangang port on September 6, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images Tesla is recalling more than 1.6 million cars in China to fix problems with Autopilot features and locks, state regulators announced Friday….

Apple shares slip on report U.S. government preparing antitrust lawsuit

Apple shares slip on report U.S. government preparing antitrust lawsuit

Apple CEO Tim Cook listens as President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., on June 23, 2023. Anna Moneymaker | Getty Images Apple shares slid less than 1% on Friday after The New York Times reported that the…

FDA gives Florida green light to import drugs in bulk from Canada

FDA gives Florida green light to import drugs in bulk from Canada

For the first time, the U.S. Food and Drug Administration has authorized a Florida program to import certain prescription drugs in bulk from Canada.  The approval paves the way for other states to request permission to import medications from Canada, where drug prices are much cheaper, to significantly cut costs for American consumers.  Floria’s proposal…

DOJ close to filing massive antitrust suit against Apple over iPhone dominance: report

DOJ close to filing massive antitrust suit against Apple over iPhone dominance: report

The Justice Department is reportedly in the “late stages” of filing a massive antitrust lawsuit against Apple – the latest sign of mounting regulatory pressure that has roiled the iPhone maker. The DOJ could file a lawsuit against Apple within the first six months of this year, the New York Times reported on Friday, citing…

Eli Lilly’s direct drug sales alone may not upend the industry, but others could follow suit

Eli Lilly’s direct drug sales alone may not upend the industry, but others could follow suit

Sopa Images | Lightrocket | Getty Images Eli Lilly is shaking up the pharmaceutical industry with a new website offering telehealth prescriptions and direct home delivery of certain drugs, including its red-hot weight loss treatment Zepbound, to expand patient access.  The company’s direct-to-consumer push announced Thursday, the first of its kind for a big drugmaker,…

Florida wins first FDA approval to import cheaper drugs from Canada

Florida wins first FDA approval to import cheaper drugs from Canada

Pharmacist Thomas Jensen looks over a prescription drug at the Rock Canyon Pharmacy in Provo, Utah, on May 9, 2019. George Frey | Reuters The U.S. Food and Drug Administration on Friday approved Florida’s plan to import cheaper prescription drugs from Canada, a first-in-the-nation move that could reduce costs for Americans but faces fierce opposition…

Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK

Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK

CEO of cryptocurrency platform Coinbase Brian Armstrong attends a reception at Buckingham Palace, in central London, on November 27, 2023 to mark the conclusion of the Global Investment Summit (GIS). (Photo by Daniel LEAL / POOL / AFP) (Photo by DANIEL LEAL/POOL/AFP via Getty Images) Daniel Leal | Afp | Getty Images Coinbase, Crypto.com, Gemini…