Iran is helping Russia build drone factory, White House says

Kim Kardashian & Kamala Harris: Inside White House Roundtable on Criminal Justice Reform | Oneindia

Go behind closed doors as Kim Kardashian joins Vice President Kamala Harris at the White House for a crucial roundtable discussion on criminal justice reform. Witness their collaborative efforts and passionate advocacy for second chances and meaningful change. #KimKardashian #KamalaHarris #WhiteHouse #WhiteHouseRoundTable #JoeBiden #TheKardashians #VPKamalaHarris #Oneindia ~PR.274~HT.101~HT.98~GR.122~

Biden Is Giving $6 Billion to Micron Technology for Semiconductor Production

Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production. On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. . Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. . This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement. Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse. Schumer referred to the plan as "quite a great return" on the government's investment. A factory will also be built in Boise, Idaho, NPR reports. . That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029. The White House estimates that the projects could create 20,000 jobs in construction and manufacturing. in addition to "tens of thousands of indirect jobs in the regions," NPR reports. . The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung

FTC to Decide Whether Noncompete Agreements Should Be Banned

FTC to Decide , Whether Noncompete Agreements , Should Be Banned. After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. . The commission said that if approved, the final rule "would generally prevent most employers from using noncompete clauses.". The commission said that if approved, the final rule "would generally prevent most employers from using noncompete clauses.". Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. . The Biden administration says that these types of agreements hurt workers by decreasing wages. The White House also argues that these agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. . FTC Chair Lina M. Khan issued a statement when the proposed ban was initially introduced. The freedom to change jobs is core to economic liberty and to a competitive, thriving economy, FTC Chair Lina M. Khan, via statement. Noncompetes block workers from freely switching jobs, depriving them of higher wages and better working conditions, and depriving businesses of a talent pool that they need to build and expand, FTC Chair Lina M. Khan, via statement. Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information. Those businesses also question whether the agency has the power "to regulate such agreements," NPR reports. . If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days, and legal challenges would likely ensue.

Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points

Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points. CNN reports that United States stocks dropped on April 12 amid rising tensions in the Middle East pushing traders to seek safe havens like gold and bonds. CNN reports that United States stocks dropped on April 12 amid rising tensions in the Middle East pushing traders to seek safe havens like gold and bonds. By mid-afternoon, the Dow had fallen 1.4%, the S&P 500 went down 1.6%, and the Nasdaq dropped 1.8%. The dip came after the White House announced that both the U.S. and Israel are on alert for a potential attack by Iran or its allies. The dip came after the White House announced that both the U.S. and Israel are on alert for a potential attack by Iran or its allies. The warning comes after Iran accused Israel of a deadly airstrike on a consulate in Damascus, Syria. . The news also sent oil prices up amid fears of regional tensions escalating as a result of the ongoing war in Gaza. . The news also sent oil prices up amid fears of regional tensions escalating as a result of the ongoing war in Gaza. . Brent crude futures jumped up to $90.42 a barrel, and West Texas Intermediate crude futures increased to $86.65 a barrel. Those geopolitical concerns and subsequent rising oil prices sent investors to safe havens like gold futures, which rose to $2,379 a troy ounce. Those geopolitical concerns and subsequent rising oil prices sent investors to safe havens like gold futures, which rose to $2,379 a troy ounce. CNN reports that Americans' opinions of the economy have dipped in the past few months amid persistently high inflation. The geopolitical fears come as investors are already contending with concerns that the Federal Reserve could wait to bring interest rates down from a 23-year high. Officials at the Fed have signaled that further rate hikes could still be on the way if the central bank's efforts to fight inflation stall.