9h ago
Ford recalls 741,195 SUVs and pickups over transmission parking defect
Ford is recalling more than 741,000 SUVs and pickups, including 2018–2021 Expedition and Navigator, 2020–2021 Explorer and Aviator, and 2021 F-150 models, over a transmission defect that can allow a vehicle to roll away. The company has linked the issue to 24 reports of property damage and nine alleged injuries, including two reports involving emotional injuries. Dealers will install a software update and inspect and replace damaged transmission components at no cost, with interim owner letters expected to begin Aug. 3. Ford said a permanent repair is not expected to be available until April 2027.
9h ago
2d ago
Amgen recalls 944,142 bottles of Corlanor and Sensipar after foreign matter found in sample lot
Amgen is voluntarily recalling 944,142 bottles of its Corlanor and Sensipar tablets after unexpected foreign matter was found in a reserve sample from one lot. The substance was reported to be localized on the outside surface of coated tablets, prompting the recall of multiple lots packaged in the same area, according to the California State Board of Pharmacy. The board said hazard assessments indicate the issue does not pose a clinical risk and that overall patient safety risk is low. No complaints have been reported, and the products were distributed from Oct. 28, 2021 to Dec. 30, 2025.
2d ago
6-25
Treasury Secretary Scott Bessent sets out five pillars of Trump economic statecraft plan
U.S. Treasury Secretary Scott Bessent used a speech at the Economic Club of New York to lay out five principles he said guide the Trump administration’s approach to economic statecraft. He framed the agenda around national capacity, trade reciprocity, U.S. economic leadership, financial leadership and delivering household prosperity. The framework emphasizes supply-chain resilience in strategic sectors including semiconductors, AI, quantum computing, critical minerals and pharmaceuticals, calls for reciprocal trade, and seeks to protect the integrity of the dollar-based financial system. It is presented as a medium-term, structural policy direction and does not announce specific legislation or immediate measures, with no direct short-term trading trigger.
6-25
6-24
U.S. Energy Department offers $17.5 billion in conditional loans to strengthen nuclear reactor supply chains
The U.S. Department of Energy said it will provide $17.5 billion in conditional loans to help utilities and energy companies purchase long-lead equipment for five nuclear projects. The program is designed to support the goal of having 10 new large commercial reactors with completed designs under construction by 2030. Projects must be jointly owned with Westinghouse, with each partner committing $500 million in equity up front, for a total of $1 billion. The financing structure also requires lining up major power buyers such as AI data center hyperscalers, including Meta, which are seeking steady, large-scale baseload electricity.
6-24
6-20
U.S. 30-year mortgage rate slips to 6.47%, a more-than-month low
The average rate on a benchmark 30-year fixed mortgage fell to 6.47%, the lowest level in more than a month, according to Freddie Mac data. The U.S. and Iran signed a temporary ceasefire framework that calls for an immediate halt to hostilities, the reopening of the Strait of Hormuz and limits on Iran’s uranium enrichment. The Federal Reserve kept rates unchanged, and new Chair Kevin Warsh signaled a renewed emphasis on price stability, leaving markets expecting long-term rates to remain slow to fall in the near term. The shift lifted sentiment toward housing-related stocks, but borrowing costs remain high and have not reversed the deterioration in affordability.
6-20
6-19
Waymo recalls 3,871 5th-gen robotaxis after 13 closed-freeway construction zone incidents
Waymo is recalling nearly 3,871 vehicles running its 5th Generation Automated Driving System after 13 incidents in which robotaxis entered closed freeway construction zones in places including the San Francisco Bay Area. The company has halted autonomous freeway operations while engineers work on a software fix, which was still in development as of June 13. The defect could allow vehicles to pass ramp-closure signage, enter closed areas and continue traveling at posted speeds, according to an NHTSA recall report.
6-19
6-18
Apple warns of potential device price hikes as AI-driven chip costs surge
Apple CEO Tim Cook told The Wall Street Journal that the company is facing sharp increases in DRAM and NAND prices as AI companies buy up large volumes of memory and storage chips, tightening supply. Cook said Apple has tried to absorb the increases but can no longer fully shield customers, putting products such as the iPhone Pro under price pressure. TechInsights estimates Apple would need to add about $270 to the next iPhone Pro model to maintain profit margins. After the report, Apple shares fell 1.10% to $295.95.
6-18
6-16
Johnson & Johnson plans $55 billion U.S. investment, cites Trump-era tax policies
Johnson & Johnson said it will invest $55 billion in the United States over the coming years to expand manufacturing for medicines, medical technology and vision products, including more than $1 billion for a new facility in Jacksonville, Florida. CEO Joaquin Duato said the decision was supported by Trump-era tax policies, access to domestic talent and what he called an improved investment environment. He also said the company is focusing on science and innovation and sees a path to double-digit growth by the end of the decade, supported by 28 product platforms generating more than $1 billion each.
6-16