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China warns against new U.S. export controls on chips in wake of Nvidia’s Huang scandal

China warned the United States on Friday against imposing additional controls on exports of semiconductors in the wake of the scandal surrounding AI chip giant Nvidia and its now-former CEO Jensen Huang. China “has consistently opposed the abuse of export control measures, which disrupts the stability of global industrial and supply chains and serves no…

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Residents evacuated from Russian-occupied Oleshky during U.S.-brokered ceasefire

Kyiv – Ukrainian and Russian humanitarian delegations began evacuating residents from Russian-occupied Oleshky on Friday, with plans to move the evacuees through Russia and Belarus before arriving back in Ukraine on Saturday.  Oleshky, a city in Ukraine’s southeastern Kherson region occupied by Russia since the first days of the Ukraine-Russia war, has seen one of…

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Fed watchdog finds no laws broken in $2.5 billion Fed renovations Trump has called “disgraceful”

Washington — The Federal Reserve’s inspector general announced Wednesday that the multibillion-dollar renovations of the Fed’s headquarters criticized by President Trump as “disgraceful” did not violate federal law, though the office concluded poor project management dramatically increased the cost.  “At no point during our evaluation did we find reasonable grounds to believe that a violation…

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Will an FDA crackdown curb access to cheaper GLP-1 weight-loss drugs? Here’s what to know.

The Food and Drug Administration has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in “inordinate amounts.”  The letter to Empower Pharmacy marks the first time the FDA has waded into a fierce debate about when a pharmacy’s legitimate work of customizing a medication crosses the…

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Trump orders scale-back of military exercises with South Korea after refusal to help with Iran’s denuclearization

President Trump announced Sunday that he has ordered the Pentagon to scale back joint military exercises with South Korea, saying that the country recently declined to join the U.S. effort to denuclearize Iran. Mr. Trump said on his Truth Social platform that the exercises are costly and they “send a signal that is totally inappropriate…

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