Economy & Business

The U.S. Department of Energy (DOE) has canceled several clean energy projects, while electric vehicle (EV) sales growth is being monitored amid the expiration of tax credits. In Texas, pension officials received million-dollar bonuses despite poor fund performance and high debt levels, raising concerns about accountability. Advocates are calling for reform of the Antiquities Act to prevent presidents from restricting federal land for energy use, which could harm local economies and energy production.
South Africa faces significant economic challenges, including political tensions and difficulties in trade, budget management, water supply, and energy sectors. Meanwhile, James Anderson has warned that Nvidia's $100 billion investment in OpenAI resembles the dotcom bubble, expressing skepticism about the surge in AI valuations. President Trump has announced a deal with Pfizer to offer discounted drugs through the TrumpRx website, aiming to lower healthcare costs for American patients. Additionally, the U.S. is pressuring Taiwan to relocate 50% of its chip production to the U.S., emphasizing the importance of semiconductor strategy in countering China's influence.

Updated: 10/5/2025