US Economy

TL/DR - The European Commission's Autumn Forecast revised down the EU GDP growth, amidst a certainty of recession by the end of 2023 as voiced by Mario Draghi, former European Central Bank President. The economy has been affected by internal factors and external issues like the ongoing Ukraine crisis, which has disrupted global supply chains and…

TL/DR - Sika is expanding its polymer production at its Sealy site in Texas in response to increased demand for its concrete admixture in the USA and Canada. The company's product, Sika® ViscoCrete®, is a high-performance, resource-saving concrete admixture that reduces concrete's carbon footprint and increases its strength and durability.…

TL/DR - Ford Motor is scaling back its planned investments in an electric vehicle (EV) battery plant in Michigan. The auto giant's partnership with Chinese battery maker CATL had sparked controversy among US lawmakers, leading to a reduction in the plant's capacity, investment, and jobs. Ford had originally planned to spend $3.5 billion on the…

TL/DR - A new report by HealthView Services has highlighted a substantial hike in 2024 premiums for Medicare Part D prescription drug plans in five US states, contradicting earlier predictions by the Centers for Medicare & Medicaid Services that these would decline due to the Inflation Reduction Act. The report shows retirees using Part D…