Dr. Anthony Fauci, who serves as chief medical adviser to President Joe Biden, has announced that he will step down in December after more than five decades of service in the federal government.Dr. Fauci will also resign as the director of the National Institute of Allergy and Infectious Diseases and chief of the NIAID Laboratory of Immunoregulation.The 81 year-old immunology expert has served und...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.