As President Donald Trump and billionaire Department of Government Efficiency czar Elon Musk effectively shut down USAID, a number of viral hoaxes about the aid agency have surfaced on X this week, including false claims that celebrities received millions of dollars from the dismantled U.S. Agency for International Development. Key Facts Did Usaid Give Chelsea…
The concept of disappearing ink used to appeal to me as a child. I recall penning really, really significant messages to my buddies with a tiny paintbrush dipped in lemon juice. Unless you knew the top secret “key,” which was heating the paper to make the letters reappear after the “ink” dried, it was no…
A powerful Ukrainian force eventually totaled around 20,000 soldiers. This force attacked the Kursk Oblast in western Russia in August with two goals: draw Russian forces from the eastern front line in Ukraine and capture some of the oblast as leverage for any peace negotiations that may ensue. Three months later, a counterattack was mounted…
A handful of Democratic states filed a lawsuit against President Donald Trump on Friday for granting Elon Musk’s Department of Government Efficiency access to the Treasury’s payment systems. This is just hours after Musk rehired a senior employee who had quit due to racist posts, the most recent in a series of scandals involving Musk’s…
Top House Appropriations Democrats on Friday fired off a letter to Secretary of Defense Pete Hegseth over the costly upkeep and “emergency” painting of his government-owned residence. Important Information Get Breaking News Text Alerts from Forbes. To make sure you’re always up to speed on the top stories driving the day’s headlines, we are launching…
Top Line As investors’ and borrowers’ expectations of a significantly reduced interest rate in 2025 are dashed by sticky inflation, the Federal Reserve’s preferred indicator of price changes indicates that inflation was more controllable than expected in November. Key Takeaways Important Background The inflation report out Friday is a fitting follow-up to the tale that…
Topline The FDA approved Zepbound, which it termed the first prescription medication specifically approved to treat obstructive sleep apnea, on Friday—the latest victory for a pharmaceutical company that saw Zepbound approved as an obesity drug last year. Key Facts Zepbound, which is an Eli Lilly drug, can now be used to treat adults with “moderate-to-severe…
Topline: Zepbound Is Approved for Sleep Apnea Eli Lilly, the pharmaceutical company that won FDA approval last year for its weight-loss drug Zepbound, scored a big win Friday when the agency approved the drug as the first prescription medication for sleep apnea. Important Information Eli Lilly reported in a press statement that adults diagnosed with…
 The popular app could be removed from U.S. app stores in a month if the Supreme Court upholds the law banning it, so a bipartisan pair of senators urged President Joe Biden to postpone the federal ban on TikTok from going into effect. It is not yet clear whether Biden has a legal right to…
Topline The House approved a new funding bill Friday which President Joe Biden endorsed just hours before a government shutdown was set to go into effect, an outcome President-elect Donald Trump suggested he was fine with so long as it happens on Biden’s watch. Important Information Get Breaking News from Forbes Text Alerts: So that…