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Ozempic, Wegovy and other new drugs are selected for Medicare's price negotiations

Ozempic, Wegovy and other new drugs are selected for Medicare's price negotiations

WASHINGTON (AP) — Popular weight loss drugs like Ozempic and Wegovy have been added to Medicare’s list of medications that will be negotiated directly between the government and drug manufacturers, the Biden administration said Friday.
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Restaurants want GST holiday to be permanent, even if some didn't see benefits

Restaurants want GST holiday to be permanent, even if some didn't see benefits

TORONTO — Members of the restaurant industry are calling on the federal government to make the GST holiday permanent, even though some businesses have yet to see much impact from the tax break.
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Lithuania vows to boost defense spending to 5-6% of GDP because of threat of Russian aggression

Lithuania vows to boost defense spending to 5-6% of GDP because of threat of Russian aggression

VILNIUS, Lithuania (AP) — Lithuania has decided to raise its spending on defense to between 5% and 6% of overall national economic output starting in 2026 due to the threat of Russian aggression in the region, Lithuanian President Gitanas Nausėda sai
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Lithuania pledges to spend between 5% and 6% of its GDP on defense starting in 2026

Lithuania pledges to spend between 5% and 6% of its GDP on defense starting in 2026

VILNIUS, Lithuania (AP) — Lithuania has decided to raise its spending on defense to between 5 and 6% of overall national economic output starting in 2026, Lithuanian President Gitanas Nausėda said Friday.
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Tech firms look to Europe for direction after prorogation wipes parliamentary bills

Tech firms look to Europe for direction after prorogation wipes parliamentary bills

TORONTO — Canadian tech companies say they are patching together their own standards, mostly borrowed from European laws, to guide them through the limbo of prorogation.
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U.S. tariffs could become catalyst to bolster Canadian food supply chains: experts

U.S. tariffs could become catalyst to bolster Canadian food supply chains: experts

Experts say U.S. tariffs on Canadian goods could accelerate a push to ramp up domestic food processing and manufacturing, even as some companies consider moving operations south.
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China's population falls for a third straight year, posing challenges for its government and economy

China's population falls for a third straight year, posing challenges for its government and economy

TAIPEI, Taiwan (AP) — China's population fell last year for the third straight year, its government said Friday, pointing to further demographic challenges for the world's second most populous nation, which is now facing both an aging population and
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China's economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures

China's economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures

HONG KONG (AP) — China's economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing’s target of “around 5%” growth, thanks to strong exports and recent stimulus measures.
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China's population falls for a third straight year, posing challenges for its government and economy

China's population falls for a third straight year, posing challenges for its government and economy

TAIPEI, Taiwan (AP) — China's population fell last year for the third straight year, its government said Friday, pointing to further demographic challenges for the world's second most populous nation, which is now facing both an aging population and
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China's economy expands 5% in 2024, reaching target helped by strong exports, stimulus measures

China's economy expands 5% in 2024, reaching target helped by strong exports, stimulus measures

HONG KONG (AP) — China's economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures. In quarterly terms, the economy 5.
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