The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
President Donald Trump signed an executive order Wednesday designed to reform the nation's kidney treatment industry and save the U.S. government millions of dollars, administration officials said.
The executive order will create new payment models to encourage more kidney transplants and give incentives to seek dialysis treatment at home instead of at more expensive treatment centers, Health and Human Services Secretary Alex Azar said on a call with reporters.
The administration is pushing for the development of artificial kidneys and earlier diagnosis of kidney disease. Federal health officials aim to double the number of available kidneys, including artificial, by 2030, Azar said. Under the order, the administration says it will also streamline and expedite the process of kidney matching in order to help increase transplants.
"Today, we're taking groundbreaking action to bring new hope to millions of Americans suffering from Kidney disease," Trump said in a speech in Washington later Wednesday morning. "In a few moments, I'll sign an executive order taking vital steps to increase the supply of kidney available transplants."
About 30 million U.S. adults are estimated to have chronic kidney disease and most are not diagnosed, according to Centers for Disease Control and Prevention. Treating the disease cost Medicare more than $110 billion a year, according to government data.
Shares of DaVita and Fresenius Medical Care, which operate more than 5,000 dialysis clinics in the U.S., fell on early reports of Trump's executive order. The stocks were higher midmorning Wednesday but are still lower for the week.
The executive order comes two days after a federal judge in Washington, D.C., dealt a blow to the Trump administration by striking down a rule that would have forced pharmaceutical companies to disclose the list price of their drugs in television ads.
It also follows Trump's executive order last month that directs the Department of Health and Human Services to require hospitals and insurers to disclose negotiated rates for services, as well as provide patients with out-of-pocket prices before their procedures.
High health-care costs have become a rare bipartisan issue with lawmakers on both sides of the aisle demanding changes. Trump, who is seeking reelection, has made lowering prices for consumers one of the key issues of his administration as health care remains a top subject for voters in the 2020 elections.