IRS Warns Taxpayers of Consequences for Failure to Meet Certain Tax Obligations
IRS Warns Taxpayers of Consequences for Failure to Meet Certain Tax Obligations

The Internal Revenue Service (IRS) this week issued a notice to “gig economy” service workers and those who receive a foreign source of income that they have to report potential tax obligations on income.

Major Drugmaker to Cut Insulin Prices for Americans, Cap Out-of-Pocket Costs at $35
Major Drugmaker to Cut Insulin Prices for Americans, Cap Out-of-Pocket Costs at $35

Eli Lilly and Co. announced on Wednesday that prices for the company’s most commonly prescribed insulins will be reduced by up to 70 percent later this year, a move praised by President Joe Biden, who urged other drugmakers to follow.

Nissan Recalls Over 800,000 SUVs; Key Defect Can Cut Off Engine
Nissan Recalls Over 800,000 SUVs; Key Defect Can Cut Off Engine

DETROIT—Nissan is recalling more than 809,000 small SUVs in the U.S. and Canada because a key problem can cause the ignition to shut off while they’re being driven.

Warren Buffett Preaches Confidence in America, Warns ‘Deficits Have Consequences’
Warren Buffett Preaches Confidence in America, Warns ‘Deficits Have Consequences’

In his annual letter (pdf) to Berkshire Hathaway shareholders, Warren Buffett touted his confidence in the U.S. economy while also warning about “runaway inflation” from the consequences of fiscal deficits over the last decade.

Ford Suspends Production of F-150 Lightning EV for Additional Week After Battery Fire
Ford Suspends Production of F-150 Lightning EV for Additional Week After Battery Fire

Ford Motor Co. will halt F-150 Lightning production until the end of next week following a battery problem that caused an EV truck to catch fire during a pre-delivery check, the company said on Friday.

NPR Cuts Roughly 10 Percent of Workforce Amid ‘Darkened’ Financial Outlook
NPR Cuts Roughly 10 Percent of Workforce Amid ‘Darkened’ Financial Outlook

The National Public Radio (NPR) is cutting roughly 10 percent of its current workforce as the network’s financial outlook recently “darkened considerably” amid declining advertising revenue, NPR’s executive officer announced on Thursday.

Raimondo Supportive of $52 Billion US Chip Manufacturing Program
Raimondo Supportive of $52 Billion US Chip Manufacturing Program

On State of the Union night, Senate Republican leader Mitch McConnell (R-Ky.) complimented Commerce Secretary Gina Raimondo on a recent write-up about restoring the United States as world leader in the manufacture of advanced semiconductor chips.