Month: July 2022

GSK Says FDA Approves Kidney Disease Drug for Children

GSK Plc. said on Wednesday the Food and Drug Administration (FDA) had cleared its kidney disease drug Benlysta for the treatment of children aged 5–17 years. The clearance makes Benlysta the first treatment approved by the U.S. regulator for children with lupus nephritis, a kind of kidney inflammation. Lupus nephritis is a complication of an…


Australia’s Water Minister Signals Potential to Extend Murray-Darling Basin Plan Deadline

Minister for Water, Tanya Plibersek, has signalled that the Labor government may extend the 2024 deadline for delivering 450 gigalitres of water back into the Murray-Darling Basin after having recently labelled the target as “challenging.” Speaking on Sky News on July 28, Plibersek blamed the Coalition for abandoning the targets while in office, saying that…


Alleged Chinese Agent to Stand Trial in Australia for Foreign Interference

A Melbourne-based Asian community leader who has been accused of planning foreign interference on behalf of the Chinese Communist Party (CCP) has been committed to stand trial. The decision was made on July 28 by Melbourne magistrate Susan Wakeling who found enough circumstantial evidence for the case against Duong to go to trial. Wakeling also…


School Choice Looms as Electoral Stealth Issue

Conservatives gathered at the pro-Trump America First Policy Summit in Washington this week talked about numerous issues like soaring crime, the ailing economy, and tensions abroad. One topic, though, emerged as a stealth issue and potentially significant factor in the upcoming elections: school choice. The policy seeks to give parents who want to take their children…


Florida Instructs Schools to Ignore ‘Not Binding’ Title IX Federal Guidance

Florida’s Department of Education on Thursday instructed school officials to ignore new federal guidance that interprets Title IX sex-based discrimination protections in schools to include the disputed concept of gender identity. This comes after Florida’s Department of Agriculture and Consumer Services (FDACS), which administers the national school-lunch program, notified schools without consulting Florida’s education department that they…


Australian Inflation to Reach 7.75 Percent by the End of the Year

Australian Treasurer Jim Chalmers has warned that inflation in the country is expected to hit 7.75 percent by the end of 2022, around 3.5 percent higher than what he forecasted three months ago. In his address to the federal parliament, the treasurer said the government had scaled back the economic growth outlook. “It’s already 6.1…


WNBA’s Griner Tells Drug Trial: ‘My Career Is My Whole Life’

KHIMKI, Russia—American basketball player Brittney Griner testified at her drug possession trial in Russia that an interpreter translated only a fraction of what was being said while she was detained at Moscow’s airport in February and that officials told her to sign documents, but “no one explained any of it to me.” The testimony by…


Toyota Misses April-June Output Target but Says May Be Turning Corner

TOKYO—Toyota Motor’s production for the April-June quarter fell around 10 percent short of its initial plan, but the automaker struck a more optimistic note for its business from August onwards as China’s COVID-19 lockdowns eased and demand outside Japan was resilient. The world’s largest automaker by sales said on Thursday that output and sales were…


Nissan’s Profits Plunge on COVID-19 Lockdown, Chips Crunch

TOKYO—Japanese automaker Nissan’s profit plunged in the last quarter to less than half of what it was a year earlier as the COVID-19 lockdown in China and a global semiconductor shortage slammed production. Nissan Motor Co. reported Thursday that its April–June net profit totaled 47.1 billion yen ($349 million), down from 114.5 billion yen in…


Mastercard Warns of Inflation Pinch After Solid Quarter for Card Issuers

Mastercard Inc. warned on Thursday that runaway inflation was sapping spending from lower-income customers, after rounding out a strong quarter for card issuers. Consumers across the globe have been showing signs of cracking in the face of decades-high price pressures, with purchases at retailers including Walmart shifting away from big-ticket items to essentials and groceries….