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TL/DR - 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…

TL/DR - Colorado startup NovoHydrogen has secured a $20 million equity commitment from Modern Energy and has been selected by the US Department of Energy to participate in one of seven regional hydrogen development hubs. The company focusses exclusively on green hydrogen production, using renewable energy to power electrolysis which splits water…

TL/DR - A State of Emergency has been declared in Los Angeles County by Governor Gavin Newsom to aid cleanup and repairs after a fire shut down parts of the 10 Freeway. The fire, reported at 12:22 a.m. in the 1700 block of East 14th Street, spread across 8 acres and engulfed multiple trailers in a 40,000-square-foot storage yard, also destroying…

TL/DR - House Republicans are planning a stopgap measure to extend spending for several government agencies to mid-January or early February, sparking potential conflict with the Senate and White House as a partial government shutdown looms. Speaker Mike Johnson's plan excludes President Joe Biden’s requested supplemental funding packages.…