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  • Trump Signs Memo To Boost Space Transportation With Private Sector Partnership August 21, 2026 08:21 ET

    President Donald Trump has signed a Presidential Memorandum to help drastically boost U.S. commercial space launches. The Memorandum, which repeals an outdated National Space Transportation Policy, aims more than 1,000 rocket launches and reentries on American soil annually by 2030. It directs agencies to incentivize co-development of space transportation infrastructure with private sector partn

  • Trump Pauses New Tariffs On Canada Ahead Of Trade Deal August 19, 2026 07:30 ET

    The Trump administration has announced a temporary halt to new tariffs on a number of Canadian goods ahead of the two neighbors signing a trade deal. "I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL!" President Donald Trump said

  • Prescription Drug Prices Drop In US, Largest In Over 60 Years August 18, 2026 07:35 ET

    New data confirms that prescription drug prices in the United States has recorded their largest annual decline in more than 60 years. The steepest drop since 1963 is attributable to the Trump Administration's landmark Most Favored Nation policies, says the White House. As per the Consumer Price Index for July, prescription drugs index decreased 0.8 percent. Through Most Favored Nation pricing,

  • US To Establish 5th Naval Shipyard To Boost Submarine, Aircraft Carrier Repair Capacity August 14, 2026 06:40 ET

    President Donald Trump has signed a National Security Presidential Memorandum to fix critical long-term issues in U.S. Navy shipbuilding and ship repair programs and restore capacity and competition to the maritime industrial base. The Memorandum directs the Secretary of War to establish a fifth Naval shipyard, the first in more than 80 years, to increase the Nation's submarine and aircraft carri

Global Economics Weekly Update - Aug 17 – Aug 21, 2026

August 21, 2026 14:42 ET
The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.