The S&P 500 climbed to a record high on Wednesday, fueled by enthusiasm over Netflix's quarterly results and the technology sector's strong performance.
As President-elect Donald Trump prepared for his second inauguration, European legacy media outlets painted a picture of foreboding and alarm. While many European politicians have opted for a more diplomatic approach, understanding the need to engage with the incoming U.S. president, the continent’s newspapers did not hold back in their coverage. From comparisons to autocratic leaders to predictions of a “vengeful” second term, the tone was overwhelmingly negative across much of Europe.
Nearly 200 pieces of artwork by Hunter Biden, valued in the millions, were destroyed in the recent Los Angeles wildfires, according to a report by the New York Post. Some of the pieces were priced as high as $500,000 each and were stored near the Pacific Palisades home of Biden's attorney, Kevin Morris. The storage site reportedly succumbed to the flames, while Morris’ mansion remains one of the few properties in the area still standing.
The Pharmacy Benefit Managers (PBMs) marked up the cost of some prescription drugs by 1,000%, according to a report from the Federal Trade Commission (FTC). Some of the drugs with significant price jumps included those for HIV and cancer.
President Joe Biden delivered a speech at the State Department on Monday, reflecting on his foreign policy achievements as his presidency enters its final week.
In the wake of devastating wildfires in the Pacific Palisades and Pasadena/Altadena areas, Los Angeles renters are encountering instances of illegal price gouging. Despite California’s strict laws prohibiting such practices during emergencies, some landlords have significantly raised rental prices, exploiting displaced residents.
California Governor Gavin Newsom (D) announced that firefighters from Mexico are coming to assist in combating the raging Eaton Fire, as wildfires continue to devastate parts of Los Angeles.
Actress Jean Smart has called on television networks to forego broadcasting live award shows and instead donate the proceeds to aid victims of the devastating wildfires in Los Angeles County.
