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On October 10, 2025, President Donald Trump announced a deal with AstraZeneca to lower drug prices for Medicaid patients by matching the lowest prices in developed countries. The agreement includes AstraZeneca's commitment to invest $50 billion in U.S. manufacturing by 2030 and participation in the upcoming TrumpRx website, which will sell discounted drugs directly to consumers starting in early 2026.
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As of early October 2025, the US Department of Energy has acquired a 5% equity stake in Lithium Americas and its Thacker Pass lithium mining project, a joint venture with General Motors. This move aims to reduce US reliance on China for lithium, a critical mineral for electric vehicle batteries. The project is expected to produce enough lithium carbonate annually to power 800,000 EVs, with commercial operations targeted for 2026-2028.
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US stocks rallied Monday after President Trump issued conciliatory comments about China, reversing recent trade war threats. The market responded positively to signals of de-escalation, amid ongoing US-China trade tensions and economic uncertainties. The story highlights the volatile nature of markets driven by political rhetoric and economic policy shifts today, Wed, 15 Oct 2025.
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Recent developments include a large lease at Brooklyn's 25 Kent, Summit's purchase of 444 Madison Ave., and Jerusalem's Midtown project. Meanwhile, Gaza faces destruction of residential towers amid ongoing conflict. These events highlight shifts in urban development and market confidence.
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Global markets showed mixed reactions after US President Trump’s conciliatory comments on China, following a weekend of heightened trade tensions. US stocks recovered from Friday’s sharp losses, gold hit new highs, and European markets edged higher amid ongoing geopolitical uncertainty and economic data delays.
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Pfizer has agreed to acquire Metsera Inc., a biotech developing obesity treatments, for up to $86.25 per share, defeating a rival bid from Novo Nordisk amid a competitive market for weight-loss drugs. The deal follows a bidding war and regulatory concerns.
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Former New Jersey governor James McGreevey is headed to a December runoff for mayor of Jersey City after finishing second in the nonpartisan election. He trails James Solomon, who led the vote but did not secure a majority. The race focuses on housing, safety, and city services amid a development boom.
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Recent measles outbreaks in the US and Canada, linked to ongoing transmission since early 2025, have caused both countries to lose their WHO elimination status. The outbreaks are driven by low vaccination rates and community resistance, with authorities warning that the virus may continue spreading into 2026.
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New York City’s incoming mayor Zohran Mamdani plans to halt encampment sweeps, citing a focus on connecting homeless individuals to housing. This shift follows criticism of previous policies that cleared camps without sufficient housing solutions, risking increased public disorder and neighborhood blight amid ongoing systemic issues in public housing.