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US Economy
Inflation Reduction Act Cuts Drug Costs via Price Negotiation
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Bret Jackson, CEO of the Economic Alliance for Michigan, discussed the Inflation Reduction Act and its impact on healthcare in an interview with Pharmacy Times. He noted key aspects of the IRA such as the $35 cap on insulin, the cap on out-of-pocket costs for Medicare Part D that will come into effect in 2024, and the fact that drug…
Push Legislators for Fair Clean Energy Transition – Union of Concerned…
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The Union of Concerned Scientists article urges readers to encourage their legislators to support a clean…
US Inflation Data Suggests Possible Soft Landing for Economy
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The US Federal Reserve, under the leadership of Jay Powell, seems to have successfully engineered a "soft…
Offshore Wind at Crossroads: High Costs, Supply Issues Halt Projects
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The UK has dropped from the top spot to seventh in the Renewable Energy Country Attractiveness Index (RECAI) due to difficulties in the offshore wind sector. Global project costs have risen by 39% since 2019, and the UK's maximum strike price was not enough to attract developers, causing a setback in reaching its target of 50GW of…
US push for eco-friendly jet fuel hindered by CO2 pipeline opposition
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The US effort to develop sustainable aviation fuel (SAF) using ethanol could be hampered by growing…
BKV, EnLink Begin Texas’ First Carbon Capture Project
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Energy firms BKV and Enlink Midstream have completed the first injection of carbon dioxide at a carbon…
Biden’s Medicare price control harms many, requires improvement.
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The Biden administration recently announced that manufacturers of the first ten medicines targeted by the Inflation Reduction Act’s price-setting provisions have agreed to participate in price negotiations. However, those resisting are subjected to a federal excise tax of up to 1,900% on their US sales. Critics argue this approach will…
NovoHydrogen Gets $20M, Role in DOE Hub – Greeley Tribune
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Colorado startup NovoHydrogen has secured a $20 million equity commitment from Modern Energy and has been…
Analyzing the US Electric Vehicle Market
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The sale of one million electric vehicles (EVs) is expected in the US this year, indicating a trend…
Could the US Economy Experience a Second Roaring ’20s?
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Economists indicate the possibility of a new Roaring '20s era, bolstered by structural shifts in aggregate supply and demand, low debt burdens, and real wage growth. This new era would require a positive supply shock and could be driven by four megatrends: a capital spending boom in the US, a transition to green energy, a focus on…