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The US Federal Reserve kept interest rates steady at 4.25%-4.5%, halting rate cuts after a 100 basis point reduction since September. Market expectations for a rate cut have shifted to June. Fed Chair Jerome Powell warned that if inflation remains stubborn or the labor market weakens, rates could stay higher for longer or be further eased. Political factors may influence the decision.
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News and Media
Nissan is reducing production at its U.S. plants and offering buyouts to workers as part of its plan to cut 9,000 jobs globally. This move aims to improve profitability following significant losses. They are consolidating shifts and reducing speeds at various facilities, including the Smyrna, Canton, and Decherd plants.
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News and Media
Kiran Mazumdar-Shaw praises a new drug that can regrow human teeth. The drug was developed by Toregem Biopharma. It works by targeting and blocking USAG-1 protein. Researchers tested the drug successfully on mice and have started human clinical trials. The drug aims to replace costly dental implants, with a hopeful release by 2030.
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News and Media
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