WASHINGTON (AP) — Drugmaker Pfizer has agreed to lower drug costs under a deal struck with President Donald Trump’s administration. Trump made the announcement Tuesday with Pfizer CEO Albert Bourla at the White House. Under the agreement, New York-based Pfizer will charge most-favored-nation pricing to Medicaid and guarantee the same pricing on newly launched drugs.…… MORE
OpenAI has launched a new social media app called Sora, aiming to capture the audience of short-form video platforms like TikTok and Instagram. Released on Tuesday, the app allows users to create AI videos in various styles, from anime to realistic. Some worry these AI-generated videos could crowd out genuine human creativity and degrade the…… MORE
NEW YORK (AP) — The U.S. Federal Trade Commission is suing Zillow and Redfin, accusing them of an illegal deal to suppress competition in online rental advertising. The FTC filed the lawsuit on Tuesday, alleging the agreement began in February when Zillow paid Redfin $100 million. The deal allegedly required Redfin to end contracts with…… MORE
The Federal Communications Commission voted to end discounts for library and school Wi-Fi hotspot lending programs on Tuesday, drawing criticism from lawmakers and librarians who say the move will make it more difficult for people who are low-income or live in rural areas to access the internet. The 2-1 vote reverses a Biden-era expansion of…… MORE
Google’s YouTube has agreed to pay $24.5 million to settle a lawsuit by President Donald Trump over his 2021 account suspension following the Jan. 6, 2021 attack on the U.S. Capitol. According to documents filed in federal court in California, $22 million of the settlement will be contributed to the Trust for the National Mall…… MORE
LOS ANGELES (AP) — The cost of home repair and remodeling is rising faster than inflation, according to a new report. Data analytics company Verisk’s Repair and Remodeling Index shows a 3.4% increase in the April-June quarter compared to last year, outpacing the 2.7% rise in inflation. The index tracks over 10,000 home improvement products.…… MORE
Authorization for the largest residential flood insurance program in the U.S. is set to expire at the end of Tuesday. Millions rely on the National Flood Insurance Program for coverage required in high-risk areas. If Congress doesn’t pass a spending bill before midnight, the NFIP will freeze, affecting home sales and policy renewals. This could…… MORE
(WBAP/KLIF) — FOX News — President Trump has announced a new agreement with drugmaker Pfizer to voluntarily sell the company’s medications through Medicaid at lower prices. The president touting the announcement. The Trump administration has been pushing for drugmakers to align domestic prices with the lowest levels paid by countries with similar incomes under the…… MORE
WASHINGTON (AP) — President Donald Trump and Israeli Prime Minister Benjamin Netanyahu say they’ve agreed to a plan to end the war in Gaza, but it’s unclear whether Hamas will accept terms. Trump on Monday laid out a 20-point plan for ending the Israel-Hamas war and establishing a postwar Gaza governance. Trump’s plan would also…… MORE
WASHINGTON (AP) — Democratic congressional leaders have left a White House meeting saying there are still large differences with President Donald Trump and Republicans in their positions to avoid a government shutdown. Trump is making it clear he has no intention to negotiate on Democrats’ current terms. Democrats are again insisting on action to extend…… MORE
