Samsung Galaxy Note 10: Everything we know Oppo Reno 10x Zoom vs. Huawei P30 Pro camera shootout: Zooming in on the action When is your phone getting Android 9.0 Pie? We asked every major manufacturer Oppo RX17 Pro review 5G smartphones are on the way: Here’s every phone that will support 5G Credit: WeiboSamsung is not — repeat not — making a Tesla-branded phablet. In what turned out to be something of a imaginative high concept, YouTuber Arun Maini last week posted a fictional render on Twitter of a Tesla-Samsung collaboration citing a Samsung Galaxy Note 10 car-themed special edition. We had been awaiting word of some new features to Samsung’s phablet, and were intrigued by the prospect of a Samsung Galaxy Note 10 Tesla Edition. But that is not to be — at least not at this time.It didn’t help that the original imagined leaked image had surfaced on Chinese social media website Weibo, and seemed to show a promotional image of the Note 10 Tesla Edition, complete with a brushed metal back panel, red accents, Tesla logo, and a correspondingly red and metal-effect S Pen. From there, a legit-sounding rumor took on a life of its own.The translated text in the Weibo post itself reads: “After Huawei Porsche and OPPO Lamborghini, Samsung will push the Tesla version of the phone! At present, the special version of Samsung’s new Galaxy Note 10 is exposed. This is the joint version of Tesla. The whole body is mainly gray, supplemented by red color scheme. There is a unique Tesla logo on the back of the phone, and there are joint information below.”Samsung previously partnered with the Olympics to offer special versions of the Galaxy Note 8 and the Galaxy S7 Edge, and this would be the first time we would have seen Samsung pair with a car manufacturer to bring out a special edition of one its phones. We approached this unconfirmed report with caution but we noted that design of the Note 10 in the image does match previous renders and leaks of the device, including the long triple-lens array on the back side of the device.And still, it wouldn’t be far fetched if Samsung did chose to partner with Tesla to deliver a special Note 10. Other phone companies have partnered with car manufacturers in the past, with Huawei working with Porsche, OnePlus partnering with McLaren, and even Oppo pairing up with Lamborghini. As such, it wouldn’t be odd for Samsung to create a car-themed special edition.The Galaxy Note 10 is rumored to be revealed in a Samsung Unpacked event on August 7, but a collaboration with Tesla at this point is a pipe dream.Updated on June 21: This story has been updated to clarify that the image referenced in the story was merely a high concept render posted by a YouTuber, and was meant as a theoretical concept of a collaboration between Samsung and Tesla on the Galaxy Note 10. Editors’ Recommendations
Gone is the clunky, pieced-together prototype that Oculus first demonstrated last year. That was clearly a Rift with a compact PC grafted onto the back of the headset: functional, but hardly elegant in the process. The new Project Santa Cruz headset looks far more streamlined. All of the processing components have been integrated into the headset itself, despite Oculus promising full inside-out tracking. It’s unclear what processor and graphics hardware the company is using at this stage. Story TimelineOculus Touch Review Round-up: an Obvious RequirementOculus update makes it even easier to stay in VROculus Rift just gave a huge gift to the open-source VR world What hardware we know you won’t need, though, is any sort of sensor beacon in the room you’re using Santa Cruz. Unlike, say, HTC VIVE, which demands you install positioning beacons into the corners of your room, Oculus’ new system supports full inside-out tracking. The cameras on the headset itself are used to locate it within 3D space. Another part of the magic comes down to the controller. The new Santa Cruz controllers are the handiwork of the same team that developed Oculus Touch, and come complete with both a grip button and a trigger. There’s also a touch pad, a back button, and home button, together with six degree-of-freedom tracking. Tiny LEDs embedded in the outside are used, but this time they’re infrared rather than visible light. The same sensors that the headset uses – four ultra-wide sensors positioned at the corners of the Santa Cruz headset itself – track both head movement and controller movement. They’re pointed slightly beyond the usual VR field of view, so as to maximize coverage and increase the overall tracking volume. That means more freedom of movement with your hands, Head of Oculus VR Hugo Barra says. It also keeps the tracking smooth, and allows for objects at the periphery of the field of view to be interacted with. There’s plenty of work to be done, mind, with both the headset and the controllers still yet to be finalized. That should happen in the coming months. “We’re planning to put this in the hands of developers next year,” Barra promised. Oculus may have a more affordable Oculus Go in the pipeline, but true virtual reality fans know what they really want: a full VR headset with desktop PC power. That’s the idea behind Oculus Santa Cruz, an untethered VR experience that promises the potency and graphical intensity of an Oculus Rift, but without the wires. The company showed off the latest iteration at Oculus Connect 4 today, its annual developer conference.
The Galaxy S8 and Galaxy S9 are quite likely going to be extremely similar in size and shape. They’ll be just different enough that you’ll be unable to use the same case and/or screen protectors as before – but they’re similar. The Galaxy S8 has dimensions of 148 x 68.1 x 8mm, while the Galaxy S9 is rumored to be 147.6 x 68.7 x 8.4mm.The Galaxy S9 is reported to be just a tiny bit shorter, wider, and thicker than last year’s model. The same is true of the Galaxy S8+ and the S9+, both of which are similar in shape to the Galaxy S8/S9. These larger phones come in at similar size ratios at 159.5 x 73.4 x 8.1mm for the S8+ and 157.7 x 73.8 x 8.5mm for the S9+.Above you’ll see an image which uses press renders of the Galaxy S8, the S9, the S9+, and the S8+. The S8 and S8+ are officially sourced Samsung images, while the S9 and S9+ come from a leak from earlier today. If my calculations are correct, the S9+ may need slightly sharper display corners, otherwise these leaked images match up perfectly with the rumors we’ve stacked up thus far.Everything said about the Galaxy S9 in this article is based on rumors. While I mention the S9’s details once or twice without reminding the reader about the pre-finalized nature of these specs, know this: nothing’s confirmed yet. Everything here on the S9 and S9+ is based on rumors.The Galaxy S8 and S9 are said to roll with 64GB internal storage and a 12-MP camera on their back. The battery in the S8 was 3000mAh while the S9 is said to have a 3100mAh battery. RAM in both devices is likely 4GB, and both also have access to additional data storage via microSD up to 256GB. The Galaxy S8 had a Qualcomm Snapdragon 835 MSM8998 while the Galaxy S9 is said to come with the Qualcomm Snapdragon 845 SDM845. Both devices have wireless charting, USB-C, GPS and A-GPS, NFC, and Super AMOLED displays. While both have 1440 x 2960 pixel displays, the display on the Galaxy S9 is likely ever-so-slightly larger, giving it a slightly (unnoticeable by the human eye) lower screen density. Both displays are said to be 5.8-inches large.SEE ALSO: Even MORE details in the Galaxy S9 big spec previewThe situation of ratios is very similar on the S9+ vs S8+, making the density very similar, but not exact. The Galaxy S9+ will have a significant detail change on its back: it’ll roll with a dual-lens camera setup instead of single-lens, giving it an advantage over the S8+, the S8, and the S9. We’ll see how much of a difference when we get our review units in-hand. Both the Galaxy S8+ and S9+ have wireless charging and non-replaceable non-removable batteries, like the S8 and S9. The Galaxy S8+ had a 3500mAh battery while the Galaxy S9+ is said to come with 3600mAh battery.We’ll know the full story once we get in full contact with these devices on February 25th, 2018. That’ll be coming up quicker than you think – but it IS still a whole month away. Cross your fingers for more new details and super neato features before then! Story TimelineGalaxy S9 camera tech may have just been outed by SamsungGalaxy S9 release-level phone leaked in first videosSamsung’s new camera tech has big Galaxy S9 implicationsGalaxy S9 will redefine mobile cameras: here’s what we knowGalaxy S9 video hands-on leaked (dummies with S9 Plus, too!) Today we’ve had a look at the Galaxy S9 as leaked over the past few weeks as it measures up to the Galaxy S8. We’ve also taken out the Galaxy S9+ leaks and had them measured up against the Galaxy S8+, making for an all-out war of the step-up upgrades just before Samsung’s event. Is this half-step worth the big upgrade? How about if the number isn’t a half-step, but a whole number?
There has been a lot of commotion lately surrounding 3D printed guns and whether or not easy access to CAD files for weapons is something that should be allowed. For a while, it seemed that the years-long debate was over, but yesterday, the situation took another turn. Now, parties on both sides of the debate are heading back to court, essentially starting the process over once more and making for a disagreement that might be very confusing for people who haven’t been following it for long. Make no mistake, there’s a lot to this story, but before we dive into this latest twist, let’s go through a quick refresher of the events leading up to last night. The story starts all the way back in 2013, when a non-profit named Defense Distributed uploaded schematics for a 3D printed gun. The gun in question was a fully functioning one, and it almost immediately set off red flags for regulators and gun control advocates, who were concerned that this would lead to an influx of unregulated, untraceable guns in the hands of criminals.The State Department, as you can imagine, took issue with the existence of these schematics, demanding that Defense Distributed remove them from the internet. At the time, the State Department said that the schematics violated two pieces of legislation in particular: the Arms Export Control Act and the International Traffic in Arms Regulations. Defense Distributed teamed up with The Second Amendment Foundation and sued the State Department, resulting in a long-running court battle that wasn’t resolved until July of this year.On July 10, Defense Distributed and The State Department finally agreed on a settlement, and the outcome looked pretty good for proponents of 3D printed guns. That settlement allowed Defense Distributed to continue publishing CAD files for 3D printed guns, which included non-automatic firearms up to .50-caliber. It’s worth pointing out that those specifications make 3D printing rifles like the AR-15 – which has been at the center of a lot of gun control debates lately – fair game.AdChoices广告After that settlement was reached, Defense Distributed announced that it would relaunch DEFCAD, a site created for hosting those schematics, on August 1, 2018. “The age of the downloaded gun formally begins,” the company said on its website. It seems that Defense Distributed was particularly eager to begin publishing schematics again, because some went live in the days leading up to DEFCAD’s August 1 relaunch date.So, after that settlement, things were pretty cut and dry, right? Not quite. Yesterday, US District Court Judge Robert Lasnik from Washington issued a temporary restraining order that stopped the publication of these controversial CAD files. It was truly an eleventh-hour development, as the order was made just hours before DEFCAD’s official relaunch.Today, instead of hosting downloadable schematics for 3D printed weapons, DEFCAD simply shows a brief statement. “This site, after legally committing its files to the public domain through a license from the U.S. Department of State, has been ordered shut down by a federal judge in the Western District of Washington,” the website says.Now, both parties will appeal before Judge Lasnik again on August 10, which is when he’ll determine whether or not his temporary restraining order will become permanent. For now, at least, the “age of the downloaded gun” has been formally delayed, but the CAD files that were uploaded before the injunction was filed are definitely still out there, in the hands of people who managed to download them before they were taken offline. This is certainly turning into a messy situation, and one without a solid resolution just yet. Stay tuned, because things are definitely going to get very interesting next week.
This isn’t the first introduction of Volvo’s In-Car Delivery service, but rather represents an expansion of it — Volvo first introduced it on Black Friday last year in conjunction with major retailers in Sweden.This time around, Volvo has partnered with ‘urbers,’ a delivery service in the nation that provides two-hour deliveries — in this case, the urbers deliveries will be available to Volvo customers in Stockholm for a pilot run this year. Volvo says it wants to expand its urb-it option to “several European cities” later on this year, and slowly expand that to cover more than 200 cities by the year 2025.The items are placed within the car, but the driver doesn’t have to be present or leave the car unlocked — rather, the service utilizes Volvo’s digital key technology (where applicable), which allows the driver to grant someone one-time access to their vehicle.Said Volvo Car Group’s SVP of Marketing Sales and Service Bjorn Annwall:We understand the value of the In-car Delivery service we have developed. We’ve all had phone calls at work from delivery people trying to deliver packages to our homes that need to be signed for when there is no one home. With our In-car Delivery service we effectively turn your car into a delivery location and assign a one-time digital key to the delivery person, effectively eliminating delivery failure.SOURCE: Volvo Story TimelineFord, Google, Uber, Lyft and Volvo form self-driving coalitionVolvo UK to test autonomous cars with real families, real roads5 Pioneering Crossover Sedans and Wagons that inspired the Volvo S60 Cross Country Volvo is launching a new delivery service that will bring deliveries directly to a consumer’s Volvo within two hours, the company has announced. Called ‘In-Car Delivery,’ it’s exactly what it sounds like — a delivery service that deposits the packages directly into your car, making it more convenient to receive items while you’re at work or otherwise away from home.
Even more surprising is how soon they intend to be completed: Musk didn’t offer an exact timeframe, but promised they’d open within the “next few years.” The Tesla CEO revealed these plans during a presentation this weekend for the National Governors Association, an event where politicians can learn more about potential economic opportunities and investments. In other words, he was betting on governors being interested in luring Tesla to build a Gigafactory in their state.Musk explained how Tesla was drawn to Nevada when building its first Gigafactory, and that things like tax incentives and regulations made it easy to begin construction, along with the promise of up to 10,000 jobs being created once it’s finished. The CEO seems to be betting big on Tesla’s demand continuing to rise over the next few decades. He believes that within 20 years electric cars will be the dominant vehicle type in the US, and in order for Tesla to maintain its lead, it needs to have multiple factories to depend on. At a shareholder meeting last month, the company commented that they were looking at various locations for up to 3 Gigafactories, while a facility in Asia and another in Europe have been rumored as under consideration. Tesla also recently revealed that it’s in talks with the local government of Shanghai to open a manufacturing facility for the Chinese market.SOURCE Electrek Demand for Tesla‘s new Model 3 sedan is already at an all-time high, meaning their Gigafactory, the huge Nevada facility where Tesla mass produces batteries for their electric vehicles and Powerpack storage systems, is going to be very busy for the foreseeable future. But while the first Gigafactory isn’t even completed yet, CEO Elon Musk says they already have plans to build “2 or 3” additional facilities in the US. Story TimelineTesla opens up solar roof pre-orders today [UPDATE]Tesla looks to begin car manufacturing in ChinaFirst Tesla Model 3 this week as Elon Musk shares roadmapTesla’s 22k car Q2 2017 paves way for Model 3Tesla gets go ahead for 100MW Powerpack system in South AustraliaThis is the first production Tesla Model 3… guess who owns it
It has been a little over a year since Verizon increased the Total Mobile Protection plan rate from $11 to $13/month. This time around, the company will increase the price to $15/month per line starting on June 27. Customers who have multiple devices can cover their entire account with the protection plan for $45/month.Someone who has two lines will pay $30/month to cover both, for example, whereas someone who has three or more lines will max out at $45/month to cover all of the devices. The same $29 deductible fee for repairing a phone screen remains in place, and with this new price hike comes the addition of battery replacements starting on July 27.Verizon customers are eligible for the Total Mobile Protection plan if they bring their own fully functional, damage-free device to the carrier and activate it on a new line, or if they purchase a new device and activate it on their Verizon account.Other benefits include next-day delivery in most cases, a 24/7 claim service, coverage for defects that take place outside of the device’s warranty period, some services for customers who are traveling internationally, and access to a ‘Tech Coach’ who can answer questions. It’s unclear whether existing customers will see the new price on June 27 when it officially changes, or if they’ll have a grace period. Verizon offers a coverage plan for smartphones called Total Mobile Protection, something that originally cost $11 per month before a past price increase bumped it to $13 per month. The wireless carrier has announced plans to once again increase the rate, and the new price is scheduled to go live later this month. A small perk is also being added to the plan. Story TimelineVerizon’s Galaxy S10 5G released without one major featureMoto Z4 on Verizon comes with a 5G offerVerizon Smart Locator tracks with mobile data, max 5-day battery
That overall subtlety hides a revolution, however, not to mention the key to this new Cayenne’s success. The old car used nearly no aluminum in its body: this 2019 model now relies on the lightweight metal for a full 47-percent of its hung body parts. The doors, roof, hood, and fenders front and rear are all aluminum, while an aluminum front axle replaces the old steel version. It makes a huge difference. The original Cayenne was 4,784 pounds; the second-generation coaxed that down to 4,497 pounds. This 2019 Cayenne, though, is just 4,377 pounds, despite having more standard safety equipment and other improvements. AdChoices广告You notice that pretty much straight away on the road. Porsche’s new 3.0-liter turbocharged V6 may have 35 more horsepower and 37 lb-ft more torque – clocking in at 335 hp and 332 lb-ft total – compared to its predecessor, but it’s the reduction in curb weight that leaves the new Cayenne feeling like a smaller, tauter car, despite it actually being longer and wider. Not only does it feel more agile, the lower center of gravity cuts body roll in the corners. You feel more planted, more stable, and that encourages you to push harder. The engine flatters that inclination, too. Sure, it’s Porsche’s entry-level V6 for the new Cayenne, and yes it only has one turbocharger, but it punches above its weight. By putting the turbo inside the “V” of the cylinders the engine as a whole can be smaller and mounted lower. The twin-scroll design brings in maximum power and torque much earlier, too – peak horsepower arrives 1,000 rpm sooner than in the old SUV, and peak torque at 1,660 rpm sooner – and holds them more steadily. 0-60 comes in 5.9 seconds, or 5.6 seconds with the Sport Chrono package added. Top speed has risen 9 mph, to 152 mph, and there’s a new 8-speed Tiptronic S transmission with a torque convertor and an integrated front axle differential. Porsche says it opted for the torque converter versus the more performance-minded PDK for its higher towing and off-road performance. All-wheel drive is standard, with Porsche Traction Management and an electronically-controlled wet multi-plate clutch. It can direct up to 100-percent of the engine’s torque to either the front or the rear axle, as conditions demand. If you checked the Sport Chrono package, meanwhile, you get selectable shift programs and a choice of four drive modes; cars without it get a more straightforward Sport button. Sport Chrono is one of a whole host of options that will take the 2019 Cayenne’s $65,700 starting price and send it spiraling upward. The average buyer, Porsche tells me, spends around $15k on extras, and they have plenty to choose from. That said, after driving several hundred miles in a couple of configurations, I know what I’d suggest. 2019 Porsche Cayenne Gallery Story Timeline2019 Porsche Cayenne and Cayenne S get official with up to 440 hp2019 Porsche Cayenne Turbo is a 550 hp, 177 mph people haulerPorsche Cayenne E-Hybrid pairs 3.0L V6 with electric motor for 462hp As is the Porsche way, the design changes are firmly on the evolutionary rather than revolutionary end of the scale. A tweak to the four-LED cluster of daytime running lights at the front is the most noticeable change to the 2019 Cayenne’s fascia. At the rear, a 911-inspired light bar that spans the full width of the SUV is probably the clearest indicator that you’re looking at the third-generation. The standard wheels are now up an inch, to 19-inches, but Porsche says upgrades there are the most common among buyers. Don’t be surprised to see most Cayenne riding on 21-inches, then, if not the new 22-inch options. Porsche’s SUV may have triggered outrage among purists back in 2002, but by the time this third-generation, 2019 Cayenne arrives it’s an unarguable mainstay of the range. Lighter, faster, and more tech-savvy than its predecessors, this may be the entry-level Cayenne but it’s still no slouch. Indeed, even with Cayenne S, Turbo, and Turbo S models to choose from, there’s a good argument that this $66k SUV is the sweet spot. The rest of the dashboard has been pared back, with fewer controls in the center console leaving it looking less overwhelming. Porsche’s decision to go with touch-sensitive buttons also means there are no key blanks if you’re missing a feature; there’s less chance of passengers noticing that this entry-level Cayenne is, well, entry-level. Instead they can enjoy the slightly larger cabin and 15-percent more cargo space. VerdictThe Cayenne is a fiercely important car for Porsche, particularly in the US. More than 770,000 of the first two generations have sold worldwide, with the US accounting for a whopping 37-percent of that total. The arrival of the smaller Macan, meanwhile, allowed Porsche to nudge the Cayenne more upmarket – and more expensive. It’s a welcome surprise, then, to discover that just because this 2019 Cayenne is the starting point in the third-generation range, it’s in no way underwhelming. Indeed, while the 2019 Cayenne E-Hybrid may have wowed us with its electrified drivetrain earlier in the year, this turbo V6 model looks just as good, drives well, and needs an unexpectedly low amount of options box checking to make for an honestly compelling sports SUV. The $3,750 upgraded interior is lovely, with extended leather among other improvements, but the standard cabin is more than sufficient. I’d save my money there, and spend it instead on the Porsche Active Suspension Management, a $2,000 option for active damping. It’s less than half the price of the three-chamber air suspension – which now has more air volume to increase the range – but makes a vast difference to the poise of the car on its standard steel suspension. As well as carrying more speed into corners when it’s fitted, the Cayenne rides flatter around them, too. I’d also spend the $3,490 on the new Porsche Surface Coated Brakes (PSCB). Slotting in-between the standard iron brakes and the $9k+ ceramic composite versions, this new system gives a cast iron core a coating of super-hard tungsten carbide, in a patented Porsche process. The automaker says it’s done with brake dust reduction particularly in mind: apparently that’s a big complaint among Cayenne owners, and these PSCB brakes cut such dust by 90-percent.However they also feel much better than the standard brakes. More grip and a more consistent pedal feel, though without the jerky, grabby feel that full carbon brakes can suffer. Finally, I’d add the $1,130 Sport Chrono package. As well as the improvement in performance, and the stopwatch mounted on the top of the dashboard, you get a Sport Plus mode alongside the standard Sport mode, plus an Individual preset which you can configure to your own tastes. They’re all controlled with a handy little dial mounted at 5 o’clock on the steering wheel, while a center button there maximizes all of the performance settings for 20 seconds, perfect for taking advantage of an overtaking opportunity. One welcome standard-fit item is the newest iteration of the Porsche Communication Management (PCM) infotainment system, which includes online navigation, Apple CarPlay, and 10-speaker audio. Its 12.3-inch touchscreen – now Full HD resolution – is joined by a pair of shaped 7-inch displays that flank the analog tach in the driver’s instrumentation. It’s quickly becoming one of my favorite infotainment platforms. For a start it’s fast and responsive, with no lag to the touchscreen. You can heavily customize the homescreen, too, with multiple resizable widgets for navigation, multimedia, and more. Porsche uses proximity sensors so that normally the UI is clear of most buttons, but they appear when your finger is near.
Today’s headlines include details about today’s health law repeal vote in the House. It comes just as lawmakers prepare to leave for the August break. Kaiser Health News: Five Things To Know About Obamacare Premiums: A Guide For The PerplexedKaiser Health News staff writer Julie Appleby reports: “Premiums will skyrocket next year! Premiums will be lower than expected! Premiums will be about the same! Consumers are understandably confused after weeks of conflicting pronouncements about the expected cost of plans, for individuals and small groups, to be sold in new online insurance marketplaces under the federal health law beginning Oct. 1. … How is a consumer to make sense of this?” (Appleby, 8/1). Read the story.Kaiser Health News: Univision Obamacare Deal Could Put WellPoint, Blues Ahead Of CompetitorsKaiser Health News staff writer Jenny Gold, working in partnership with the Miami Herald, reports: “Some 10 million Latinos stand to gain health insurance under the Affordable Care Act, and the Spanish-language media network Univision is positioning itself as a direct path to this potentially lucrative market. WellPoint and other Blues insurers in six states including Florida have signed deals with Univision for undisclosed sums to be the exclusive health insurance sponsor of the network’s Peabody-award winning health initiative, ‘Salud Es Vida,’ which means Health Is Life” (Gold, 8/2). Read the story.Kaiser Health News: Health On The Hill: Officials Face Obamacare ‘Data Hub’ Questions On Capitol HillKaiser Health News staff writer Mary Agnes Carey speaks with Politico Pro’s Jennifer Haberkorn about two House committee meetings on Capitol Hill Thursday where IRS and CMS officials faced questions about implementing a system to verify consumer income under the health law (8/1). Listen to the audio or read the transcript.Kaiser Health News: Capsules: Health Costs Are Still Tame, Insurer Results ShowNow on Kaiser Health News’ blog, Jay Hancock writes: “Some give all the credit to Obamacare. Others cite the poor economy or employers forcing workers to bear more of the cost of their medical expenses. Whatever the reason, health-cost increases stayed tame through the first half of the year, insurers say. Thursday’s report from Cigna was the last dispatch on second-quarter financial results from major medical carriers. Cigna’s results were similar to those of its rivals: higher-than-expected profits thanks largely to moderate increases in medical prices and the number of medical procedures” (Hancock, 8/1). Check out what else is on the blog.The Washington Post: Budget Truce Seems Out Of Reach As Congressional Recess LoomsJust this week, President Obama tried to revive interest in a grand bargain that would pair more tax revenue, long sought by Democrats, with cuts to federal health and retirement benefits long sought by Republicans. During a speech in Tennessee, the president also called for an end to the sequester and sought fresh funding for infrastructure and jobs. But Republican leaders have so far rejected Obama’s overtures, arguing that ending the sequester — part of a deal to raise the federal debt limit in 2011 — would erode their sole victory in the fight to shrink the size of government (Montgomery, 8/1).The Wall Street Journal: Senate Republicans Eye ‘Grand Bargain’ On BudgetA group of Republican senators who have been meeting privately with top White House officials have concluded that they want to try again to reach a sweeping budget deal that would cut deficits and make changes to Medicare, according to participants in the meetings. The Senate contingent met for more than two hours at the White House on Thursday and got an unexpected visitor. President Barack Obama joined the meeting in White House Chief of Staff Denis McDonough’s office and stayed for about an hour (Nicholas, 8/1).The Associated Press/Washington Post: House GOP To Vote On Repealing Health Care Law For 40th Time Before Leaving On Summer BreakMaybe the 40th vote to repeal President Barack Obama’s health care law will be a charm for opponents of the overhaul. House Republicans are scheduled to vote Friday on a bill that would prevent the Internal Revenue Service from enforcing or implementing any part of the law they call “Obamacare.” It’ll mark the 40th vote by the Republican-controlled House to repeal some or all of the law (8/2).The New York Times: Republicans Refuel Effort To Cripple Health Care LawWith the House poised to vote Friday on yet another bill to cripple President Obama’s health care law, the question arises: Why do Republicans persist in their so-far futile efforts? Democrats have many theories. Republicans, they suggest, care little about the uninsured. Many, they say, dislike Mr. Obama and want him to fail (Pear, 8/1).The Wall Street Journal’s Washington Wire: Waxman: GOP Stalking Great White Whale On ObamacareThe finger-pointing and endless fighting between Democrats and Republicans over the health-care law has sunk into a familiar rut. But Rep. Henry Waxman, a California Democrat and scourge of Republicans (and some members of his own party) in the House has managed to create an interesting metaphor for the struggle. “The law has become the Republicans great white whale. They will stop at nothing to kill it,” said Mr. Waxman in the latest of his many press releases complaining about Republicans trying to block implementation of the Affordable Care Act (Mundy, 8/1).The Washington Post: Congressional Republicans Split Along Lines Of Seniority, TacticsCongressional Republicans have splintered into generational factions over how to approach the implementation of President Obama’s landmark health-care law. Younger GOP lawmakers are urging a shutdown of the federal government in the fall to demonstrate opposition to the law. Some more longtime lawmakers are trying the ease the tensions (Kane, 8/1).Politico: Ted Cruz To Join Anti-Obamacare Town HallSen. Ted Cruz will join Heritage Action for a town hall event in Dallas as part of the group’s series pushing efforts to defund the Affordable Care Act, continuing his crusade to stifle the law, the group announced. Cruz will speak at the Dallas event hosted by the Heritage Foundation’s lobbying arm, joining former Sen. Jim DeMint and his father, Rafael Cruz (Anand, 8/1).Los Angeles Times: Liberal Groups To Counter Anti-Obama Healthcare Efforts In AugustWith tea party Republicans threatening to shut down the government in an effort to roll back President Obama’s healthcare law, several progressive groups are teaming up in a new effort to convince skeptical voters of the benefits of the new law. During the August recess, Americans United for Change and Protect Your Care plan to counter efforts by Republicans to disparage the law. The groups will stage protests at GOP events, organize their own town halls to publicize its perks, and provide “air cover” to the law’s defenders (Reston, 8/1).The Washington Post: Groups Go Door-To-Door To Encourage Enrollment In ObamacareFor the law to succeed, groups such as Enroll America, whose officials include several veterans of Obama campaigns, will need to cajole millions of Americans, including many healthy ones, to enter the insurance market. It could be a tough sell. Confusion about the law is rampant. The online insurance sites, which open for enrollment Oct. 1, could be tricky. Some people who rarely need medical care might view even low-cost health plans as too pricey (Somashekhar, 8/1).The Washington Post’s Post Politics: OFA Launches ‘Truth Team’ To Defend Obamacare, Other White House PoliciesOrganizing for Action is launching a “Truth Team” Thursday that will enlist its supporters in efforts to counter criticism of the Affordable Act Act and other White House policies, according to the group’s officials. The non-profit associated with President Obama has established a separate Facebook and Twitter account, that will provide its self-described “truth tellers” with statistics and background they can use to tout Obamacare’s benefits. While the campaign is launching during the August recess, the aides said, it would continue beyond that (Eilperin, 8/1).Politico: Kathleen Sebelius Hits The Road To Promote ObamacareHealth and Human Services Secretary Kathleen Sebelius’s beyond-the-Beltway travels this summer include stops meant to activate and invigorate networks ready and waiting to promote Obamacare. She’s enlisting community leaders, bloggers and health care providers for on-the-ground outreach this summer and fall. Enrollment runs from October through March, and there’s plenty of distrust and confusion across the country (Delreal, 8/2).The New York Times: Deal Keeps U.S. Health Care Contribution For CongressThe Obama administration told Congress on Thursday that it would allow the federal government to continue paying a large share of the cost of health insurance for members of Congress and their aides, averting a problem for many who work on Capitol Hill. However, under the arrangement, lawmakers and many of their aides will have to get coverage through new health insurance marketplaces, or exchanges, being set up in every state (Pear, 8/2).Politico: Capitol’s Obamacare Crisis ResolvedLawmakers and staff can breathe easy — their health care tab is not going to soar next year. The Office of Personnel Management, under heavy pressure from Capitol Hill, will issue a ruling that says the government can continue to make a contribution to the health care premiums of members of Congress and their aides, according to several Hill sources (Bresnahan and Sherman, 8/2).Los Angeles Times: Health Insurance Rates For California’s Small Businesses UnveiledCalifornia’s small businesses next year will have a range of competitively priced options offered by a new state government health insurance exchange. The agency, Covered California, unveiled its portfolio of policy options for smaller businesses Thursday. They include both health maintenance organizations and preferred provider networks and will be available in all parts of the state as of Jan. 1 (Lifsher, 8/1).Politico: Ohio Becomes Latest Battleground In Obamacare Premium WarsThe fight over Obamacare premiums has a new home base: Ohio. Customers in the key swing state can expect to pay 41 percent more on average for individual health insurance coverage next year because of Obamacare, according to projections released by the state’s Republican insurance commissioner Thursday (Millman, 8/2).The Associated Press/Washington Post: Va. Approves 11 Health Plans For New Insurance Exchange, 4 Others Under ReviewEleven health plans have been approved by Virginia officials to compete on a new federally run insurance exchange. But Virginia’s approval of the plans is simply a recommendation. The federal government will decide which plans will compete on the exchange and the rates that they can charge, Jacqueline K. Cunningham, insurance commissioner with the State Corporation Commission, told the Richmond Times-Dispatch (8/1).The New York Times: Brooklyn Hospital Closings A Blow To Psychiatric CareNow the imminent closing of Interfaith Medical Center, a hospital in Bedford-Stuyvesant that is among the largest providers of acute psychiatric care in Brooklyn, is threatening the borough with a severe shortage of inpatient mental health care, other hospital officials said. With Coney Island Hospital still out of commission after Hurricane Sandy, the loss of the 120 psychiatric beds at Interfaith, which also handles about 67,000 outpatient psychiatric visits a year, is going to create a crisis, hospital officials said (Bernstein, 8/1). Check out all of Kaiser Health News’ e-mail options including First Edition and Breaking News alerts on our Subscriptions page. First Edition: August 2, 2013 This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
Vox: In Conservative Media, Obamacare Is A Disaster. In The Real World, It’s Working. Before Obamacare launched, conservative outlets warned that the law would collapse as insurers shunned the overpriced, overregulated insurance exchanges. … On Tuesday, the idea that insurers would flee Obamacare joined the long procession of Obamacare disasters that simply didn’t happen. Health and Human Services Secretary Sylvia Matthews Burwell announced that in the 44 states where numbers were available, the number of companies offering plans in 2015 would increase by 25 percent. So, far from fleeing the exchanges, insurers are rushing into them. Competition is increasing (Ezra Klein, 9/24). The New Republic: Obamacare Is Such A Disaster That Even More Insurers Want To Be Part Of It Obamacare critics hadn’t predicted the markets would evolve this way. On the contrary, they expected that that young and healthy people would stay far away from the new marketplaces, because the new coverage would be pricier than what they were paying before. Without enough business, the argument went, insurers would get skittish and withdraw. At best, the marketplaces would all become oligopolies and monopolies, with just a handful of insurers continuing to sell policies. At worst, the whole scheme would fall apart. That quite obviously isn’t happening (Jonathan Cohn, 9/24). Bloomberg: Obamacare Is Here To Stay The Affordable Care Act continues not to implode. In year two of the exchanges, more insurance companies are lining up to participate, which means more competition, lower prices and less waste. … “Obamacare” was unlikely to be popular no matter what. But its success so far means it won’t be repealed even if Republicans win unified control of the White House and Congress in 2016 (Jonathan Bernstein, 9/24). The Washington Post’s Plum Line: Some Good News About Obamacare That Even Conservatives Should Love We now have some more good news about the implementation of the Affordable Care Act, and it’s good news of a type that ought to warm the hearts of the law’s conservative critics. There have been some developments that conservatives can lament, even as the rest of us find them cause for celebration. Some would say that the fact that eight million additional Americans have been enrolled in Medicaid because of the law is an unalloyed good, but many conservatives would think the opposite, because those people are now suckling at government’s teat. But what about when the free market embraces Obamacare? What’s a conservative to think then? (Paul Waldman, 9/24). Bloomberg: Reggie Jackson And The Cost Of Health Care In contrast, in the U.S., the goal of health policy is to ensure that everyone receives whatever health care they “need.” Because there is no objective measure of need, the industry can endlessly expand what people consider necessary. So our uniquely unbudgeted public entitlements — and insurance structured as uncapped benefits — continuously add dollars to the industry, making effective price discipline impossible. Many supporters of a single-payer system in the U.S. believe it could maintain open-ended coverage while controlling prices to keep costs down. But these objectives are incompatible (David Goldhill, 9/23). The New York Times: Warnings On Big Medical Bills It’s not an uncommon situation for patients to be billed by doctors for costly services they did not request or, in some cases, were not even aware they had received. Egregious examples of this billing practice, described by Elisabeth Rosenthal in The Times on Sunday, include calling in consultants whose services aren’t really needed, ordering unnecessary and costly diagnostic tests, and using doctors who bill for services that nurses can perform (9/24). Dallas Morning News: Health Care Battles Continue To Roil To make sure [Virginia Gov. Terry McAuliffe’s effort to expand Medicaid] failed, the Legislature’s Republican majority last week again blocked what The Washington Post termed McAuliffe’s “top legislative priority.” “Once again, Terry McAuliffe has far over-promised, and mightily under-delivered,” said state GOP communications director Garren Shipley, echoing the way Republican officials regularly portray actions limiting the Affordable Care Act as defeats for Democrats like McAuliffe and President Barack Obama. In truth, preventing Medicaid expansion or other aspects of Obamacare in Virginia and other states, including Texas, is less a defeat for its political champions than a defeat for millions of Americans. After all, their participation in the landmark universal health care program is at stake when states consider the expanded Medicaid program, at mostly federal cost, or courts decide if it’s legal for them to receive a federal subsidy (Carl Leubsdorf, 9/24). The New York Times: The Ebola Fiasco It’s a classic case where early action could have saved lives and money. Yet the world dithered, and with Ebola cases in Liberia now doubling every two to three weeks, the latest worst-case estimate from the Centers for Disease Control and Prevention is that there could be 1.4 million cases in Liberia and Sierra Leone by late January (Nicholas Kristof, 9/24). The Washington Post: We Must Prioritize Drug Development To Fight Ebola The worst-case scenarios for the Ebola outbreak in West Africa must not be ignored, even if they strain belief. Everything about this epidemic has been worst-case — the scope, the toll, the response. The Centers for Disease Control and Prevention published projections Tuesday with an upper range of 550,000 to 1.4 million cases by the end of January. The World Health Organization, which earlier estimated 20,000 cases overall, now predicts that number will be reached by early November (9/24). The Wall Street Journal: The Anti-Vaccination Epidemic Almost 8,000 cases of pertussis, better known as whooping cough, have been reported to California’s Public Health Department so far this year. More than 250 patients have been hospitalized, nearly all of them infants and young children, and 58 have required intensive care. Why is this preventable respiratory infection making a comeback? In no small part thanks to low vaccination rates, as a story earlier this month in the Hollywood Reporter pointed out (Paul A. Offit, 9/24). Politico: The Incredibly Insipid War On Women 2.0 The “war on women” is back, and more tendentious than ever. … The recipe is one part taking offense where clearly none was intended, and one part discerning new nefarious schemes to deny women access to birth control. Granted, in the absence of Todd Akin, whose outlandish comments on rape were hung around the necks of every Republican in the country in 2012, Democrats have had to labor mightily to invent new outrages to frighten and motivate women (Rich Lowrey, 9/24). The Advocate: Are You Being Served — Medically? In the last five years, the federal government has taken significant steps toward recognizing and addressing health disparities that affect LGBT people. … But there are two more things that the U.S. Department of Health and Human Services can do that will make an even bigger impact on closing the gap in health care disparities between LGBT people and the general population: designate LGBT people as a medically underserved population (MUP) and as a health professional shortage area population (HPSA) (Sean Cahill, 9/24). This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. Viewpoints: New Insurers Suggest Health Law Success; Slow Response On Ebola
This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. Reuters: Biosimilar Drugs Could Save Up To $110B By 2020 Meanwhile, in other pharmaceutical news — Bloomberg: U.S. Seeks Records Of 80,000 Novartis ‘Sham’ Events For Doctors A Massachusetts Institute of Technology economist and Harvard oncologist have a proposal to get highly effective but prohibitively expensive drugs into consumers’ hands: health care installment loans. Writing last month in the journal Science Translational Medicine, the authors liken drug loans to mortgages, noting that both can enable consumers to buy big-ticket items requiring a hefty up-front payment that they could not otherwise afford. Some consumer advocates and health insurance experts see it differently. (Andrews, 3/29) Investors in Sprout, the female libido pill maker bought by Valeant Pharmaceuticals International Inc. for $1 billion last year, said Valeant has failed to successfully commercialize the treatment by setting the price too high and neglecting to market it, putting the drugmaker at risk of violating the merger agreement. (Koons, 3/28) The U.S. is asking Novartis AG to provide records of about 80,000 “sham” events in which the government says doctors were wined and dined so they would prescribe the company’s cardiovascular drugs to their patients. (Pettersson, 3/27) Michael Pearson, the outgoing chief executive at Valeant Pharmaceuticals International Inc., is expected to testify next month in front of a Senate committee investigating increases in the prices of certain prescription drugs. The Senate Aging Committee, which is holding the hearing, said it sent Mr. Pearson a subpoena. According to the committee, its hearing on April 27 will “examine how Valeant Pharmaceuticals dramatically increased the price of certain lifesaving drugs that it acquired.” (Stahl, 3/28) Lower-cost copies of complex biotech drugs, known as biosimilars, could save the United States and Europe’s five top markets as much as 98 billion euros ($110 bln) by 2020, a new analysis showed on Tuesday. Realizing those savings, however, depends on effective doctor education and healthcare providers adopting smart market access strategies, the report by IMS Institute for Healthcare Informatics said. (3/27) Outgoing Valeant CEO To Testify At Senate Drug Pricing Hearing In other Valeant news, investors in Sprout — the female libido pill — are charging that the company, which bought the product, failed to properly commercialize it. Also, the federal government is seeking records from Novartis regarding physician “wining and dining” related to cardiovascular drugs and the first case of HIV infection in someone taking the preventive Truvada has been recorded. The first documented case of HIV infection by someone adhering to the prescribed regimen for the preventive HIV drug Truvada was reported at a medical conference last month. (Brooks, 3/28) Bloomberg: Sprout Investors Say Valeant Overcharging For Female Libido Pill Kaiser Health News: Mortgages For Expensive Health Care? Some Experts Think It Can Work. KQED: Truvada, The Miracle HIV Drug Few People Take, Suffers Another Setback Reuters: U.S. Lawmakers Want Health Agencies To Lower Prostate Cancer Drug Cost A group of lawmakers is calling on the National Institutes of Health and Department of Health and Human Services to step in and reduce the cost of Medivation Inc’s and Astellas Pharma Inc’s prostate cancer drug Xtandi. In the letter signed by Democratic U.S. presidential candidate Bernie Sanders and Reps. Lloyd Doggett (D-Texas) and Peter Welch (D-Vt.), the lawmakers urged NIH to hold a public hearing to consider overriding the patent on Xtandi to make the drug available at a lower price. (Kelly, 3/28) The Wall Street Journal: Valeant’s Outgoing CEO To Testify At Senate Hearing On Drug Prices
This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. Here’s a sticking point for diabetics: the cost of insulin more than tripled — from $231 to $736 a year per patient — between 2002 and 2013, according to a new analysis. The increase reflected rising prices for a milliliter of insulin, which climbed 197 percent from $4.34 per to $12.92 during the same period. Meanwhile, the amount of money spent by each patient on other diabetes medications fell 16 percent, to $502 from $600, according to a research letter published Tuesday in the Journal of the American Medical Association. (Silverman, 4/5) STAT: Insulin Prices Have Skyrocketed, Putting Drug Makers On The Defensive In Massachusetts, opposition to legislation capping drug prices grows — The average price of insulin tripled between 2002 and 2013, according to a research letter published today in JAMA, and that has led to higher costs for diabetics. Meanwhile, the cost of noninsulin therapies has trended downward, the researchers found. (Plevin, 4/5) The lead sponsor of a controversial Massachusetts bill that would impose price caps on some prescription drugs says backers are considering alternative steps to control costs, a move that comes as opposition to the measure mounts. The legislation would force biopharma companies to justify their prices by disclosing how much they spend on research, manufacturing, and marketing. While the current version of the bill would let a state agency limit the price of especially costly drugs — something not done anywhere in the country — proponents also are weighing other ways “to prevent price gouging,” state Senator Mark C. Montigny said. (Weisman and Dayal McCluskey, 4/6) Cost Of Insulin Triples, Driven By More Expensive Synthetic Product Analog insulin, a man-made version, is faster-acting than human insulin, and considered more convenient to use, but it is also putting a higher price tag on care for diabetics. KPCC: Concern Over The Rising Cost Of Insulin The Boston Globe: Bill Sponsor Open To Alternative Options On Drug Costs
‘The Children Come First’: House Passes Senate’s Border Aid Package Despite Progressive Democrats’ Objections House Speaker Nancy Pelosi (D-Calif.) announced that in an effort to get the aid to the children at the border, she would give up her push to get the Senate to compromise on the Democrats’ demands. The decision came after an hour-long phone call with Vice President Mike Pence, who agreed that lawmakers would be notified within 24 hours after the death of a child in custody and to a 90-day time limit on children spending time in an influx facility, according to a source familiar with the agreement. Democratic leaders in the U.S. House of Representatives backed down to President Donald Trump and passed a $4.6 billion aid package to address a migrant surge at the U.S.-Mexico border without the additional protections for migrant children that liberals had sought. Trump, the Republican-controlled Senate and moderate Democrats insisted on finishing the emergency aid bill as soon as possible, without further haggling over demands for greater migrant safeguards and reduced immigration enforcement spending. (Cornwell, 6/27) The New York Times: House Passes Senate Border Bill In Striking Defeat For Pelosi The Washington Post: House Passes $4.6 Billion Border Bill As Leaders Cave To Moderate Democrats And GOP The New York Times: Five Takeaways From The Border Aid Vote Rep. Alexandria Ocasio-Cortez on Thursday slammed the version of an emergency border aid bill that passed the House Thursday, railing against what she called the lack of humanitarian provisions in the bill.Ocasio-Cortez, who voted against a different border aid bill earlier in the week as well, said she opposes giving any more money to agencies who are enforcing President Donald Trump’s immigration policies, namely Immigration and Customs Enforcement. (LeBlanc, 6/27) USA Today: House Passes $4.6 Billion Aid For Migrants After Pelosi Caves To GOP NPR: Democratic-Led House Passes Senate’s, Less Restrictive, Emergency Border Bill Pressure to pass an aid package to deal with overcrowded and filthy facilities and to provide adequate care for a burgeoning population of unaccompanied minors who are detained for weeks in temporary shelters has intensified over the past week following reports from lawyers who visited the children. (Romo, 6/27) The Washington Post: Ocasio-Cortez’s Chief Of Staff Accuses Moderate Democrats Of Enabling A ‘Racist System’ “In order to get resources to the children fastest, we will reluctantly pass the Senate bill,” Ms. Pelosi said in a letter to Democratic lawmakers. “As we pass the Senate bill, we will do so with a battle cry as to how we go forward to protect children in a way that truly honors their dignity and worth.” (Hirschfeld Davis and Cochrane, 6/27) The vote — coming as lawmakers were eager to get out of Washington for the July Fourth recess — capped four days of havoc amid a contentious debate within Pelosi’s caucus over how to respond to the mounting humanitarian crisis at the U.S.-Mexico border. (Caygle, Ferris and Everett, 6/27) These moderates said they wanted to see the House act to address the border crisis, not get locked in a conflict with the Senate, especially with Congress about to leave Washington for a week-long Fourth of July recess. “To leave is unacceptable and not to take care of these children is unacceptable,” said Rep. Jeff Van Drew (D-N.J.), a member of the moderate Blue Dog group. “And quite frankly, not to work out a compromise with the Senate, in my mind, is unacceptable.” (Werner, DeBonis and Bade, 6/27) CNN: Alexandria Ocasio-Cortez Slams Border Bill: US Should Not ‘Be Throwing More Money To ICE’ House Democrats have long played up their diversity, saying that the variety of viewpoints strengthen the party’s reach.But the different factions have frequently clashed, with more moderate members voicing concern that the progressive wing pushes the party too far to the left and more liberal members complaining about the tendency of moderate members to break with the party and vote with Republicans. (Cochrane, 6/27) The bill provides nearly $2.9 billion for the care of children who enter the U.S. unaccompanied. It funds 30 new teams of immigration judges, and more than $1 billion goes toward Customs and Border Protection to help the agency process migrants. (Duehren and Peterson, 6/28) After the House passed a divisive spending bill that funds agencies dealing with the border crisis, Rep. Alexandria Ocasio-Cortez’s chief of staff criticized her boss’s moderate Democratic colleagues who approved the measure, saying it will “enable a racist system.” The intraparty debate over the $4.6 billion emergency spending bill was the latest example of a deepening divide between centrist Democrats and those further to the left, like Ocasio-Cortez (N.Y.). (Thebault, 6/28) Politico: ‘Everyone Hates This Place’: Border Bill Tears Apart Democratic Caucus Reuters: In Victory For Trump, U.S. House Democrats Back Down On Border Aid Bill Demands “Bipartisan Humanitarian Aid Bill for the Southern Border just passed. A great job done by all!” Trump posted to Twitter. “Now we must work to get rid of the Loopholes and fix Asylum. Thank you also to Mexico for the work being done on helping with Illegal Immigration – a very big difference.” (Hayes, 6/27) The Associated Press: Border Bill Exposes Dems’ Rift Over Limits Of Fighting Trump Democrats broke into open warfare Thursday over Speaker Nancy Pelosi’s surrender to the Senate’s emergency border aid package, with the caucus’ long-simmering divide between progressives and centrists playing out in dramatic fashion on the House floor. Some lawmakers even resorted to public name-calling, with progressive leader Rep. Mark Pocan (D-Wis.) accusing moderate Democrats of favoring child abuse — an exchange on Twitter that prompted two freshmen centrists to confront him directly on the floor, with other lawmakers looking on in shock. (Caygle, Ferris and Desiderio, 6/27) The Wall Street Journal: Border Bill Passes In House, Opening A Democratic Rift While both chambers of Congress approved the package by lopsided margins, Senate Democrats led by Minority Leader Chuck Schumer backed it overwhelmingly, with just six Democrats voting “no.” They congratulated themselves for cutting the best deal they could in the Republican-controlled chamber, where the rules virtually force the two parties to compromise if legislation is to pass. “You’ve got a 30-1 vote,” said Sen. Patrick Leahy, D-Vermont, Senate Democrats’ chief negotiator on the measure, citing the Appropriations Committee’s overwhelming approval, which presaged the Senate’s 84-8 final passage. “Around here these days you couldn’t get 30-1 that the sun rises in the East.” (Fram, 6/28) Politico: House Clears Border Aid Bill After Pelosi Bows To McConnell This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
Sponsored By: Join the conversation → Comment Reddit Morgan Stanley sees recession within year if trade war gets any worse Last time the world economy looked like it does now was at the start of 2016 — which was followed by a global slowdown June 3, 20198:31 AM EDT Filed under News Economy Share this storyMorgan Stanley sees recession within year if trade war gets any worse Tumblr Pinterest Google+ LinkedIn Wall Street’s biggest banks lined up to warn investors of growing recession risks from the escalating trade war between the U.S. and China.A global recession could start within nine months if President Donald Trump imposes 25 per cent tariffs on an additional US$300 billion of Chinese exports and Beijing retaliates, according to Morgan Stanley. Separately, JPMorgan Chase & Co. said the probability of a U.S. recession in the second half of this year had risen to 40 per cent from 25 per cent a month ago.“Recent conversations with investors have reinforced the sense that markets are underestimating the impact of trade tensions,” Chetan Ahya, chief economist at Morgan Stanley, wrote in a report. “Investors are generally of the view that the trade dispute could drag on for longer, but they appear to be overlooking its potential impact on the global macro outlook.”Such warnings may set the tone for financial markets and will inform this week’s gathering in Japan of the Group of 20 finance chiefs. The potential for a marked slowdown in the world economy was underscored Monday by weakening manufacturing gauges across Asia.“Global growth now looks likely to slip below trend for the rest of this year,” JPMorgan Chief Economist Bruce Kasman and colleagues wrote in a report.Also sounding the alert, economists at Goldman Sachs Group Inc. said they now expect the U.S. to impose 10 per cent tariffs on the remaining US$300 billion-worth of imports from China and on all Mexican goods, too. The bank lowered its U.S. second-half growth forecast by about half a percentage point to 2 per cent and said its sees a greater likelihood of interest-rate cuts from the Federal Reserve.Related Stories:Asian shares creep higher as wary investors await U.S. data, earningsGLOBAL ECONOMY-Asia’s factories falter in June, trade truce fails to brighten outlookAsian shares, dollar brace for China GDP“While it is a close call, the outlook has not yet changed enough for cuts to become our baseline forecast,” Goldman analysts led by Chief Economist Jan Hatzius said in a note.The rift between the Trump administration and China has escalated as each side blames the other for the breakdown in talks. The trade war is also taking on a global dimension amid simmering tensions between the U.S. and the European Union, while Trump is threatening to impose tariffs on Mexican goods in response to illegal immigration.Morgan Stanley’s Ahya advised clients that if the conflict continues, growth will suffer as costs increase, customer demand slows, and companies reduce capital spending.Analysts at Citigroup Inc. recommended investors buy U.S. Treasuries, noting the last time the world economy looked as it does now was at the start of 2016 — which was followed by a meaningful slowdown worldwide.“That episode may provide a useful blueprint for the coming months,” said Mark Schofield, Citigroup’s director of macro strategy. “The U.S. economy has been resilient up to now, however, persistent themes of softening tailwinds in the form of declining fiscal stimulus and strengthening headwinds in the form of trade tensions and China slowdown, are a threat.”Bloomberg.com Recommended For YouBeyond Meat’s forecast sends 2019’s IPO darling to new heightsDavid Rosenberg: Deflation is still the No. 1 threat to global economic stability — and central banks know itTrans Mountain construction work can go ahead as National Energy Board re-validates permitsBank of Canada drops mortgage stress test rate for first time since 2016The storm is coming and investors need a financial ark to see them through 2 Comments Wall Street’s biggest banks are lining up to warn investors of growing recession risks from the escalating trade war between the U.S. and China.Reuters/Jason Lee/File William Mathis and Enda Curran Facebook Twitter Bloomberg News Email Featured Stories What you need to know about passing the family cottage to the next generation More advertisement ← Previous Next →
Recommended For YouOman urges Iran to release seized tankerDavid Rosenberg: Deflation is still the No. 1 threat to global economic stability — and central banks know itTrans Mountain construction work can go ahead as National Energy Board re-validates permitsBank of Canada drops mortgage stress test rate for first time since 2016The storm is coming and investors need a financial ark to see them through MONTREAL — Court documents show that Quebec prosecutors are working with the RCMP on the possibility of new criminal charges against SNC-Lavalin tied to a contract to refurbish Montreal’s Jacques Cartier Bridge.In December, a Quebec court approved a request by prosecutors to retain until June thousands of documents seized by the RCMP in connection with an investigation that drew on more than two dozen witnesses.If the provincial prosecution service pushes ahead with the four potential fraud charges outlined in court filings, the embattled engineering giant would face a legal battle on another front.In October, federal prosecutors told SNC-Lavalin they would not invite the company to negotiate a remediation agreement over fraud and corruption charges that stemmed from alleged dealings with the Libyan regime under Moammar Gadhafi between 2001 and 2011. SNC has filed for a judicial review of that decision.In court documents, the RCMP lays out a bribery scheme involving a $127-million Jacques Cartier Bridge contract in the early 2000s. Former federal official Michel Fournier pleaded guilty in 2017 to accepting more than $2.3 million in payments from SNC-Lavalin in connection with the project.SNC-Lavalin tells The Canadian Press it will continue to work with authorities, noting the court files involve employees and third parties no longer affiliated with the company. Allegations in the latest court documents have not been proven in court, and SNC-Lavalin has not been charged. Twitter February 12, 20195:13 PM EST Filed under News Sponsored By: Facebook SNC-Lavalin faces criminal probe over Montreal bridge contract, documents reveal Four potential fraud charges related to Jacques Cartier Bridge refurbishment advertisement Email More The Canadian Press Join the conversation → Share this storySNC-Lavalin faces criminal probe over Montreal bridge contract, documents reveal Tumblr Pinterest Google+ LinkedIn What you need to know about passing the family cottage to the next generation Comment Montreal’s Jacques Cartier bridgePostmedia file photo Featured Stories Reddit 5 Comments ← Previous Next →
Source: EV Obsession RSS Feed After the last article that I wrote, I told Zach that I intended to write around an article a week. I’ve got a backlog of ideas for articles, and I…The post Tesla Coverage: High Speed, Low Quality appeared first on EV Obsession.
Source: Charge Forward Tesla has been expanding its presence in Northern California beyond its Fremont Factory.We’re now learning that Tesla is getting a giant new building in Lathrop, according to local news reports. more…The post Tesla is getting a giant new building in Northern California appeared first on Electrek.
Source: Charge Forward Amazon offers the Greenworks 25302 G-MAX 40V Twin Force 20-inch Cordless Lawn Mower for $226 shipped. For comparison, it originally sold for $399 but typically goes for around $325. Today’s deal is a new Amazon all-time low. The Greenworks 40V lineup offers a solid combination of power and capability. This mower includes a 20-inch deck, dual blades and two batteries plus a charger. Some 5,800 customers have left a 4/5 star rating at Amazon where it’s a #1 best-seller. more…The post Green Deals: Greenworks 40V Electric Lawn Mower is a #1 best-seller at $226, more appeared first on Electrek.
Tesla’s referral program was supposed to end a week ago, but the automaker is now extending it for a second time as it attempts to boost demand in its end of the year push. more…The post Tesla extends referral program in last demand boost for the end of the year appeared first on Electrek. Source: Charge Forward
Renault Sold Record 7,000 Electric Cars In December Kia Plug-In Electric Car Sales In Europe Surge To 4.4% Of Total Volume Author Liberty Access TechnologiesPosted on January 28, 2019Categories Electric Vehicle News Average market share improved to 2.5%The European plug-in electric car market noted healthy growth in 2018, and that’s despite many plug-in hybrid models being retired in September because of the new WLTP-certification requirements (manufacturers apparently considered them too costly to comply for older low-range PHEVs).In December, some 40,564 passenger plug-in cars were registered, which is 23% more year-over-year at a high 3.9% market share.Two thirds of those sales (66%) were all-electric cars, which also noted 70% growth, compared to a 20% decline for plug-in hybrids.More sales reports from Europe Plug-In Electric Car Sales In Europe – December 2018In 2018, total registrations amounted 386,347 (up 33%) at average market share of 2.5%. It’s a new all-time record and because new models are coming (especially Tesla Model 3, but not only) the expectations for 2019 are high – maybe 500,000?51% of new passenger plug-ins were BEVs, which also increased 48% year-over-year to almost 200,000. Plug-in hybrids managed to increase about 20%.Most popular modelsThe best-selling model was the Nissan LEAF with 40,609 registrations, but in the last months the advantage over the second-best Renault ZOE (38,538) shrunk. Moreover, with registrations of commercial versions of ZOE, the two were almost at the same level.Three more cars exceeded 20,000 sales: BMW i3 (23,432), Mitsubishi Outlander PHEV (23,921 – best PHEV) and Volkswagen e-Golf (21,252).Tesla Model S and Model X were #6 (16,682) and #9 (12,694). Jaguar I-PACE was late to the party, but grabbed the #21 spot (6,319) with the fourth best result in December (2,983).Registration stats for Europe are provided by EV Sales Blog:Sales in U.S. are still higher than in Europe for several months now, but for 2018 Europe was bigger market (386,347 vs about 361,307): In 2018 Nissan Sold In Europe 40,699 LEAFs Source: Electric Vehicle News