Top Senate Democrats push Trump-affiliated companies for answers about IRS settlement

Top Senate Democrats are pushing for answers on whether a provision in a controversial settlement agreement between President Trump and his own administration applies to companies co-founded by or affiliated with the Trump family. As part of a deal struck in May by the Justice Department to resolve a lawsuit brought by Mr. Trump, the … Read more

Democratic congressman asks the CFPB to investigate ‘rent now, pay later’ companies

NEW YORK — A Democratic member of Congress is calling for the federal government to investigate the growing “rent now, pay later” industry, saying Americans may not understand the fees and cost structure of these products as the services become more widely available. Rep. Maxwell Frost, D-Florida, sent a letter to Consumer Financial Protection Bureau … Read more

NASA awards 3 companies lunar lander contracts to help with moon base program

NASA awards 3 companies lunar lander contracts to help with moon base program – CBS News Watch CBS News NASA has awarded three more companies with contracts to deliver payloads to the moon’s surface as part of its effort to build a lunar base. CBS News space consultant Bill Harwood has the details. Source link

Comcast to split into two companies, spin off NBCUniversal and Sky

Comcast announced Monday that it plans to split into two publicly traded companies by spinning off NBCUniversal and Sky, the British broadcaster it bought in 2018. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. The move will separate Comcast’s media and entertainment assets from its broadband and … Read more

States seek to lower drug prices by targeting the companies that manage them for health plans

TOPEKA, Kan. — As consumers worry about medication costs, states are trying to lower drug prices by reining in big companies that oversee prescription coverage for health insurers. Some of those companies, called pharmacy benefit managers, also own pharmacies, and one of them, CVS, has spent millions of dollars fighting the regulations. Affordability is a … Read more

Dems raked in millions from employees at firms newly identified as ‘Chinese military companies’

NEWYou can now listen to Fox News articles! Democrats, among them some of the most recognizable names in politics, have accepted millions of dollars in campaign contributions from top employees at firms the Pentagon recently designated as “Chinese military companies” operating in the U.S. The Department of War on June 8 designated Alibaba, Baidu and … Read more

Trump is forcing U.S. companies to manufacture more weaponry

WASHINGTON — President Donald Trump is using his executive authority to force defense companies to quickly produce more weaponry as his administration presses lawmakers to pass additional defense spending to replenish stockpiles depleted during the U.S.-led war with Iran. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Trump … Read more

Trump says the Strait of Hormuz is “safe, secure and pristine.” Shipping companies aren’t convinced.

Major shipping companies still see transiting the Strait of Hormuz as “very risky” and say there’s little appetite to resume normal operations through the vital waterway until more details of the U.S.-Iran deal become clear. Multiple companies say firm security guarantees are needed, despite an assurance from President Trump of a “totally safe, secure, and … Read more