US Economy

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…

TL/DR - The US government is allocating $50 million from the federal Inflation Reduction Act to fund various projects in New York State, including three major projects in the North Country. The funding will go towards improving border facilities and initiating long-overdue construction projects while reducing carbon emissions, creating jobs, and…

TL/DR - The Inflation Reduction Act (IRA) has allowed for the transfer of solar project tax credits from project owners to other commercial entities with tax liabilities, transforming the financial landscape of the solar industry. The old tax equity models required the future owner of the tax credits to share in the project's risk, but the new…