President Joe Biden has named Dr. Arati Prabhakar to serve as Director of the Office of Science and Technology Policy (OSTP).
Once confirmed to this position, she will become Assistant to the President for Science and Technology. In this capacity, Dr. Prabhakar will be the President's Chief Advisor for Science and Technology, a co-chair of the President's Council of Advisors on Science and Technology, and a member of the President's Cabinet.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.