‘Worst paper I’ve ever seen’

White House economic advisor Kevin Hassett said Wednesday that the authors of a recent New York Federal Reserve paper that found U.S. companies and consumers are shouldering most of the tariff burden should be “disciplined.” In a CNBC interview, the National Economic Council director ripped the report, saying that central bank researchers ignored key aspects…

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Cost Reduction Across The Electric Powertrain

Manufacturers managing to hold their margins intact in the electric powertrain market are focusing on two key strategies. Firstly, they’re rethinking the electric powertrain as a cohesive system to cut down on materials, interfaces, and assembly steps. Secondly, they’re ramping up production with modular, scalable subsystems that can be used across different platforms and plants….

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More drugs should be over-the-counter

Food and Drug Administration Commissioner Marty Makary told CNBC that he believes “everything should be over-the-counter” unless a drug is unsafe, addictive or requires monitoring – doubling down on a push that some in the pharmaceutical industry have questioned.  In an interview on Wednesday in Washington, D.C., Makary said the FDA’s aims to make changes…

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