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US Economy

Eligible Americans to Receive $5K Auto-Rebates Soon, No Signup Required

TL/DR - Medicare recipients in the US are seeing reduced prices on a variety of prescriptions, with savings possible between $1 and $4,593 daily for 64 medications under the Medicare Prescription Drug Inflation Rebate Program. The rebates, part of the Inflation Reduction Act, were created because drug companies increased medication costs faster…

Day 128: Dark Brandon Cuts Pollution in Low-Income Areas, Aids Biden

TL/DR - President Joe Biden has implemented several initiatives to tackle the disproportionate impact of pollution on poor and marginalized communities. The Justice40 Initiative aims to deliver 40% of the benefits of certain federal investments to these communities, while the Inflation Reduction Act (IRA) is transforming 518 programs across 19…

Biden’s Act Bolsters China’s Hold on Electric Vehicle Market

TL/DR - Joe Biden signed the Inflation Reduction Act in August 2022, which he and his administration claim was the most significant action on clean energy and climate change in US history. The law led to the outsourcing of some operations such as the production of electric vehicles, with at least five Chinese battery manufacturers announcing…

Chinese EV Battery Producers Constructing Moroccan Factories

TL/DR - Chinese manufacturers have started investing in Morocco to build factories for electric vehicle (EV) parts that could qualify for new U.S. subsidies. The move comes amid the U.S.'s efforts to disrupt Beijing's EV supply chain dominance through the $430 billion Inflation Reduction Act, a law aimed at combating climate change. At least…