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US Govt Sends Drugmakers Initial Offers In Price Talks

The move comes as President Joe Biden pushes to rein in health care costs ahead of November's election. The negotiation program came on the back of Biden's landmark Inflation Reduction Act, a major package of energy transition policy and social reforms.

Apple Promises AI Innovation As China IPhone Sales Slip

The iPhone maker reported revenue was up slightly from the same quarter a year earlier, as money brought in from services and digital content set a new record. But worries surrounding the China market cast a pall on the news.

US Apple Fans Get Hands On $3,500 Vision Pro

Vision Pro's release by the world's most iconic device maker is a major milestone for the lovers of virtual or augmented reality, who see the technology as the next chapter in online life after the smartphone.

Hamas Gives 'Initial' Support To Gaza Truce Plan As Fighting Rages

The humanitarian crisis and the mounting civilian death toll have triggered growing international calls for a ceasefire. Qatar's foreign ministry spokesman Majed al-Ansari said there were hopes of "good news" about a fresh pause to the fighting "in the next couple of weeks".

Public Transport Walkout Hits Strike-battered Germany

The Verdi services trade union called on more than 90,000 workers at over 130 local companies operating buses, trams and underground services to join the walkout in an escalating dispute over pay and working conditions.

EU Strikes 50-bn-euro Ukraine Aid Deal

The abrupt about-face from Orban on the vitally needed four-year funding package for Kyiv came as after EU leaders offered a possible review of the spending in two years.

Hamas Head Due In Cairo For Truce Talks

The leader of Hamas was expected in Cairo on Thursday for talks on a proposed truce in Gaza, as Israel kept up its offensive in the besieged Palestinian territory.

Eurozone Inflation Slows To 2.8% In January

Consumer prices slowed to 2.8 percent in January, from 2.9 percent in December, the EU's statistics agency said. Analysts surveyed by Bloomberg and FactSet had forecast inflation to slow to 2.7 percent.

Mexico President Rejects Drug Cartel Funding Claims

Mexican President Andres Manuel Lopez Obrador on Wednesday vehemently rejected claims that drug traffickers helped to fund his first presidential campaign in 2006, describing the allegations as "completely false."

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