Alphabet CEO Sundar Pichai delivers the keynote address at the Google I/O developer conference at the Shoreline Amphitheater in Mountain View, California on May 10, 2023. Justin Sullivan | Getty Images News | Getty Images Google’s cloud business is expanding the use of new AI technologies in healthcare, giving medical professionals at the Mayo Clinic the ability to find patient information quickly using the kinds of tools that power the latest chatbots. On Wednesday, Google Cloud said the Mayo Clinic is testing a new service called Enterprise Search on the…
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Merck sues Biden administration over Medicare drug pricing talks
Merck is suing the Department of Health and Human Services over Medicare’s new powers to reduce drug prices under the Inflation Reduction Act. In a scathing complaint filed in federal district court, Merck criticized the negotiation process as a “false” and “amounting to extortion.” Merck has asked the US District Court for the District of Columbia to prevent HHS from forcing the company into a deal that cuts prices. Jakub Porzycki | Nur picture | Getty Images Global drugmaker Merck on Tuesday sued the Biden administration over Medicare’s new powers…
Read MoreHere’s how AI-powered tools can help with worker stress and mental health
Companies are turning to AI-powered mental health tools to help workers deal with stress and burnout. Half of workers experience symptoms of anxiety and more than half of workers have symptoms of depression, according to a recent Deloitte survey. While workers want their employers to offer more mental health resources, it may be easier for them to chat with AI chatbots than other humans. Metamorphic | Stocks | Getty Images From burnout to layoff fears, from rising costs to an impending recession, there are many reasons why workers are stressed…
Read MoreMeasuring inflation can be complicated and bizarre. Here are 3 examples
The consumer price index is a key measure of inflation. The CPI measures how quickly prices change in specific categories of consumer goods and services. Categories like housing, health insurance, and technology have idiosyncrasies that make inflation difficult to measure. Their inflation data may not reflect reality for consumers. Richard Newstead | Moment | Getty Images Housing is perhaps the most important category in the consumer price index, a key barometer of inflation. Housing is the largest expense for the average American family. The “shelter” category that measures costs for…
Read MoreGlobal debt nears record high as rate hikes trigger ‘adjustment crisis’ says top trade body
The IIF said the combination of such high debt levels and rising interest rates has caused the cost of servicing that debt to rise, triggering concerns about leverage in the financial system. “At nearly $305 trillion, global debt is now $45 trillion above its pre-pandemic level and is expected to continue to increase rapidly,” the IIF said. HIROSHIMA, JAPAN – MAY 17 : People walk under a banner promoting the Group of 7 (G7) summit at a shopping street on May 17, 2023 in Hiroshima, Japan. The G7 summit will…
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