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AP FACT CHECK: Trump takes credit for Obama's gains for vets

May. 27, 2019 12:43 AM EDT

WASHINGTON (AP) — Boastful on the occasion of Memorial Day, President Donald Trump and his Veterans Affairs secretary are claiming full credit for health care improvements that were underway before they took office. Trump said he passed a private-sector health care program, Veterans Choice, after failed...

At $2M, priciest ever medicine treats fatal genetic disease

May. 24, 2019 5:52 PM EDT

U.S. regulators have approved the most expensive medicine ever, for a rare disorder that destroys a baby's muscle control and kills nearly all of those with the most common type of the disease within a couple of years. The treatment is priced at $2.125 million. Out-of-pocket costs for patients will vary based on...

Female CEOs are competitively paid, but greatly outnumbered

May. 24, 2019 4:15 PM EDT

The few women who are CEOs of the largest U.S. companies typically make more money than their male counterparts but aren't close to the top of the leaderboard for pay packages. The median pay package for female CEOs in the 2018 fiscal year was $12.7 million, compared with $11.2 million for men, according to data...

NASA's first-of-kind tests look to manage drones in cities

May. 24, 2019 12:22 AM EDT

RENO, Nev. (AP) — NASA has launched the final stage of a four-year effort to develop a national traffic management system for drones, testing them in cities for the first time beyond the operator's line of sight as businesses look in the future to unleash the unmanned devices in droves above busy streets...

Asia shares retreat on fears China-US trade row might spread

May. 24, 2019 12:15 AM EDT

TOKYO (AP) — Asian shares were mostly lower on Friday as worries that the standoff between the U.S. and China over trade might expand put investors in a selling mood. Japan's benchmark Nikkei 225 fell 0.5% to 21,053.95. Australia's S&P/ASX 200 lost 0.7% at 6,445.40. South Korea's Kospi dropped 0.9% to...

Trade impasse: Trump pledges $16B to farmers; markets slump

May. 23, 2019 8:09 PM EDT

WASHINGTON (AP) — President Donald Trump rolled out another $16 billion in aid for farmers hurt by his trade policies, and financial markets shook Thursday on the growing realization that the U.S. and China are far from settling a bitter, year-long trade dispute. U.S. Agriculture Secretary Sonny Perdue...

Brazil's Natura announces purchase of Avon Products

May. 22, 2019 6:38 PM EDT

RIO DE JANEIRO (AP) — The Brazilian cosmetics maker Natura announced Wednesday that it is buying Avon Products in an all-stock deal that it valued at $3.7 billion, in move that would create the world's fourth-largest group of beauty products. Shareholders of both companies would have to approve the deal....

UK, Japan mobile operators suspend Huawei 5G phone launches

May. 22, 2019 11:32 AM EDT

LONDON (AP) — British and Japanese mobile phone companies said Wednesday they're putting on hold plans to sell new devices from Huawei, in the latest fallout from U.S. tech restrictions aimed at the Chinese company. Britain's EE and Vodafone and Japan's KDDI and Y! Mobile said they are pausing the launch...

Daimler CEO Zetsche hands off to successor amid tech change

May. 22, 2019 10:03 AM EDT

FRANKFURT, Germany (AP) — Daimler CEO Dieter Zetsche is handing off to his successor after 13 years at the helm warning that the company will need to cut costs to invest in new technologies that are transforming the industry. Zetsche, 66, received prolonged applause from shareholders at the company's...

British Steel collapses, threatening thousands of jobs

May. 22, 2019 9:13 AM EDT

LONDON (AP) — British Steel Ltd has been ordered into liquidation as it struggles with industry-wide troubles and Brexit, threatening 5,000 workers and another 20,000 jobs in the supply chain. The company had asked for a package of support to tackle issues related to Britain's pending departure from the...