Second Quarter GDP Comes in at 2.4% & Better Than Expected

Second Quarter GDP Comes in at 2.4% & Better Than Expected

Washington, DC…Real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the second quarter of 2023 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent. The GDP estimate released today is based on source data that are […]

FDA Converts Novel Alzheimer’s Disease Treatment to Traditional Approval

FDA Converts Novel Alzheimer’s Disease Treatment to Traditional Approval

Washington, DC…The U.S. Food and Drug Administration converted Leqembi (lecanemab-irmb), indicated to treat adult patients with Alzheimer’s Disease, to traditional approval following a determination that a confirmatory trial verified clinical benefit. Leqembi is the first amyloid beta-directed antibody to be converted from an accelerated approval to a traditional approval for the treatment of Alzheimer’s disease. The […]

Nation’s First Gas “Price Gouging Law”, Requiring Daily Reporting Goes Into Effect

Nation’s First Gas “Price Gouging Law”, Requiring Daily Reporting Goes Into Effect

Sacramento, CA…California’s new law to combat price gouging at the pump takes effect today. Governor Gavin Newsom signed the first-in-the-nation law earlier this year after calling for a special session of the Legislature to hold Big Oil accountable for fleecing California families at the gas pump. California’s law is a model for the nation: a recent national […]

Record Breaking Fourth of July Travel Projected

Record Breaking Fourth of July Travel Projected

Walnut Creek, CA…The upcoming Fourth of July holiday is expected to witness a remarkable milestone with a projected 50.7 million Americans planning to take well-deserved vacations. This unprecedented figure represents the highest travel volume ever projected by AAA.  More than 5.6 million Californians are expected to travel for the holiday, a notable increase of 5 […]

President Biden on Seizing the Opportunities and Managing the Risks of Artificial Intelligence

President Biden on Seizing the Opportunities and Managing the Risks of Artificial Intelligence

San Francisco, CA…Well, thanks for joining me today, everyone. I appreciate it very much. And especially thanks to my buddy Governor Newsom, who is one of the best governors I’ve ever worked with, and Arati, the — my director of my Office of Science and Technology and Policy. And earlier this year, we met with […]

Federal Reserve Issues FOMC Statement & Holds Steady on Rates

Federal Reserve Issues FOMC Statement & Holds Steady on Rates

Washington, DC…Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on economic activity, […]

PGA & LIV Golf to Merge & Unify Professional Golf

PGA & LIV Golf to Merge & Unify Professional Golf

New York, Riyadh & Ponte Vedra Beach, FL…The PGA TOUR, DP World Tour and the Public Investment Fund (PIF) today announced a landmark agreement to unify the game of golf, on a global basis. The parties have signed an agreement that combines PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses […]

America’s ‘Atlas Shrugged’ Moment Has Already Arrived, New IRS Data Show ~ Jonathan Miltimor

America’s ‘Atlas Shrugged’ Moment Has Already Arrived, New IRS Data Show ~ Jonathan Miltimor

Atlanta, GA…It’s not just high taxes that are driving people out of cities. There are other costs—moral, social, and cultural—associated with spurning property rights and celebrating looting. Last September, billionaire Ken Griffin announced he was pulling up stakes and moving Citadel—his gigantic hedge fund—from Chicago to Miami.  The Windy City was out of control, he told Bloomberg, […]