Illumina, the leading producer of gene-sequencing machines, announced Sunday that it would sell Grail, a cancer test developer that it purchased for $7.1 billion in 2021. The move came two days after Illumina lost its case in a federal appeals court, which largely upheld a Federal Trade Commission ruling that Illumina should unwind its deal …
Ro Khanna Reminds Democrats: Americans Love Money
For a relatively green, relatively unheralded (but very ambitious) member of Congress, Representative Ro Khanna, a Democrat from California, has managed to position himself squarely at the intersection of competing, if not outright contradictory, interests and ideas that could shape his party’s future. The 47-year-old, whose district includes parts of Silicon Valley and who served …
The Questions Raised by California’s Dropped Sexual Harassment Suit Against Activision
On Friday, the California state agency that accused the video game maker Activision Blizzard of fostering a culture of sexual harassment against women withdrew those allegations in a $54 million settlement with the company. The California Civil Rights Department found that “no court or any independent investigation has substantiated any allegations” about “systemic or widespread …
Jeff Roe, Top Strategist for Star-Crossed DeSantis Super PAC, Resigns
Jeff Roe, the chief strategist for the leading super PAC supporting Gov. Ron DeSantis’s presidential bid, resigned on Saturday night, the latest and perhaps most significant departure from the group, which has been consumed by turmoil in recent weeks. Since the day before Thanksgiving, the pro-DeSantis super PAC, which is called Never Back Down, has …
Fewer Electric Vehicles Will Qualify for U.S. Tax Credits in 2024
Efforts to fight global warming could suffer a setback next year when new rules reduce the number of electric cars that qualify for a federal tax credit. The credits, up to $7,500 a vehicle, have helped make electric cars more affordable, bringing the cost of some models below $30,000. Next year, for the first time, …
Biden’s Border Negotiations Mark Seismic Shift on Immigration Politics
On his first day in office, President Biden sent a bill to Congress to “restore humanity and American values to our immigration system.” Nearly three years later, he is considering sweeping restrictions on migration in exchange for aid to Ukraine and Israel. It is the latest sign of how drastically the politics of immigration have …
The Debt Problem Is Enormous. Experts Say the System for Fixing It Is Broken
Martin Guzman was a college freshman at La Universidad Nacional de La Plata, Argentina, in 2001 when a debt crisis prompted default, riots and a devastating depression. A dazed middle class suffered ruin, as the International Monetary Fund insisted that the government make misery-inducing budget cuts in exchange for a bailout. Watching Argentina unravel inspired …
Senators Hold Up 43 Biden Diplomatic Nominees as Crises Roil World
The Biden administration has 43 presidential nominees still awaiting confirmation in the Senate as Congress prepares to break for the holidays, a delay that is putting American national security and foreign policy interests in jeopardy around the world, the State Department said on Friday. Any nominee not confirmed before the Senate ends its session, which …
What ‘Pocahontas’ Tells Us About Disney, for Better and Worse
Recent Disney films like the animated “Strange World,” with its gay teenage protagonist, have become cultural flash points. But “Pocahontas” prompted a full-blown fracas. Some people accused Disney of whitewashing history — for leaving out the fact, for instance, that Pocahontas died at 21, perhaps of smallpox, after being taken to London and paraded around …
The U.S. Wants Israel to Scale Back the Gaza War. What Leverage Does It Have?
In recent days, U.S. officials have said they want Israel to consider scaling back its large-scale ground and air campaign against Hamas in the Gaza Strip. President Biden has criticized Israel for the “indiscriminate bombing” of civilians. And Jake Sullivan, the president’s national security adviser, traveled to Israel to discuss the next phase of the …