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.
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.
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.
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 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.
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.
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.