From Fighter Jet Crashes to Pharma Pressure: Unpacking This Week's US Headlines
The latest US news includes an F-35 jet crash in California with the pilot ejecting safely, Trump's push for lower drug prices, Uber's legal challenges over false assault claims, and a court overturning the first NFT insider trading conviction. Highlights also cover the Fed's steady rates decision and a Delta flight under NTSB scrutiny.
An F-35 fighter jet crashed near Naval Air Station Lemoore in California, leading to the safe ejection of the pilot, the U.S. Navy reported. Concerns from the Federal Aviation Administration about SkyWest's maintenance practices remain unresolved, posing potential risks. Meanwhile, the launch of Trump Mobile gained attention after calls were redirected to a Missouri-based auto-warranty company.
The Trump administration aims to boost U.S. rare earths production amid geopolitical tensions with China. A court dismissed an NFT insider trading conviction against an OpenSea former manager, marking a significant legal precedent. In separate legal news, Uber faces scrutiny after discovering over 100 instances of fake assault claims.
In economic affairs, President Trump pushes 17 pharmaceutical CEOs to align U.S. drug prices with international levels or face regulatory interventions. Furthermore, the Federal Reserve maintained interest rates, avoiding anticipated cuts, which drew criticism from Trump. Lastly, the NTSB is investigating a Delta flight for severe turbulence that resulted in 25 injuries.
(With inputs from agencies.)
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