Articles for author: admin

May 9, 2026

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U.S. trade court rules against Trump’s 10% tariff, but no relief yet for most traders — The Indian Panorama

Court setbacks to Trump add uncertainty to U.S. tariffs (File Photo) The court has provided relief to only the plaintiffs — two small companies in the U.S. and Washington State — with the tariff remaining on all other importers WASHINGTON, D.C. (TIP): The U.S. Court of International Trade (CIT) has ruled that the 10% temporary tariff President Donald Trump imposed on all U.S. trade partners, including India, was “unauthorized by law”, striking a further blow to his attempts at using tariffs as tools to advance his policy priorities. However, while the ruling sets a precedent, it does not translate into

May 9, 2026

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U.S. destroyers and Iran trade fire in Strait of Hormuz in serious test of ceasefire

The U.S. and Iran have exchanged fire in the Strait of Hormuz, with the top Iranian military command accusing Americans of violating the now-month-old ceasefire, while the U.S. says the truce remains in effect. Nick Schifrin joins Amna Nawaz with the latest developments. Amna Nawaz: The U.S. and Iran have exchanged fire in the Strait of Hormuz, with the top Iranian military command accusing the Americans of violating the now month-old cease-fire. The U.S. says the truce remains in effect. Nick Schifrin’s reporting out this late-breaking story and he joins me now. So Nick, there’s a lot we don’t yet

May 8, 2026

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BREAKING: US EIA gasoline inventories lower than expected, oil stockpiles up

Weekly change in crude oil and fuel inventories across the US (EIA) Crude oil: +2.3 million barrels (forecast: -2.7 million barrels; previous: -6.23 million barrels) Gasoline: -2.5 million barrels (forecast: -1.7 million barrels; previous: -6.08 million barrels) Distillates: -1.20 million barrels (forecast: -2.0 million barrels; previous: -4.49 million barrels) Futures on WTI oil fall slightly after the data – reaction to lower gasoline inventories has been limited due to the smaller than anticipated fall in stockpiles of distilates and surging oil inventories which came in at +2.3 million barrels vs -2.7 million expected.

May 8, 2026

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Novo’s CEO champions “record-breaking start” for Wegovy pill in US market

Oral Wegovy has been prescribed more than 2 million times since its January launch. Photo by aprott/iStock via Getty Images. Novo Nordisk has had a difficult year, faced with intense competition in the obesity space; however, the company’s Wegovy pill is offering a route to greener financial pastures. In its Q1 results, Novo touted a strong early showing for the oral glucagon-like peptide-1 receptor agonists (GLP-1RA), which hit US markets in January 2026. For the week ending 17 April, total weekly prescriptions exceeded 200,000 for the drug. Total prescriptions for Q1 2026 hit 1.3 million, with that figure rising to

May 8, 2026

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Iran Rejects U.S. Proposal to Open the Strait of Hormuz

Iran rejected the US proposal to reopen the Strait of Hormuz, calling it an “unrealistic” plan. Iranian senior official Mohsen Rezaei said that the Tehran government would not accept any agreement that did not include compensation for the damages caused by the war. Rezaei stated that the framework offered by Washington was insufficient for Iran, adding that symbolic concessions would not be accepted and that any agreement must include “concrete benefits.” The Iranian official also added that his country would continue its “resistance,” signaling that despite ongoing diplomatic talks, there had been no softening in Tehran’s stance. Related News Major

May 8, 2026

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Iran’s foreign minister travels to Pakistan and Russia after U.S. envoys’ trip canceled

Sports officials in four-time world champion Italy say the country is not interested in replacing Iran at the upcoming 2026 World Cup, following a suggestion of the move by a Trump administration official. Iran has not withdrawn from the World Cup, and the team is preparing to play in the championship taking place this year in the U.S., Mexico and Canada despite the ongoing war in the Middle East.  FIFA, the global soccer authority behind the World Cup, has insisted that Iran’s group stage games in California and Washington state will go ahead as planned in June. The Financial Times

May 8, 2026

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US-Iran ceasefire under threat after exchange of strikes in strait of Hormuz | US-Israel war on Iran

The US and Iran exchanged fire late on Thursday in the most serious test yet of their month-long ceasefire. Iran accused the US of violating the ceasefire by targeting two ships at the strait of Hormuz and attacking civilian areas, as the US insisted it struck in retaliation. Screengrab from video footage of the Iranian navy firing a missile at an unknown location. Photograph: WANA/Reuters The US military said it targeted sites responsible for attacking three US destroyers transiting the strait, in what it called “unprovoked” hostilities by Tehran. Iran’s Press TV reported that after several hours of fire “the

May 8, 2026

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Is There A Doctor Shortage? Breaking Down The Crisis In U.S. Healthcare

Recent headlines are sending shockwaves through the medical community and vulnerable neighborhoods alike. As highlighted in a May 2026 report by The New York Times, stringent new travel bans and shifting U.S. immigration policies are effectively blocking thousands of foreign-born doctors from entering or remaining in the United States. This political maneuver has poured gasoline on an already burning question: Is the country actually running out of doctors? Many Americans struggle to get an appointment sooner than they need with a primary care provider or a specialist. Wait times are reaching astronomical heights; meanwhile, the “physician shortage” story is frequently

May 8, 2026

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Spirit Airlines nears Trump administration bailout deal

The Trump administration on Wednesday neared a rescue deal for struggling Spirit Airlines, in a rare move to support a single air carrier. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The deal, which has not yet been finalized, would offer $500 million to the discount airline, according to a person familiar with the matter. It would give the airline additional liquidity as it works toward emerging from bankruptcy and grapples with elevated fuel costs due to the war with Iran. The deal would also aim to create a durable well-funded airline. After