The U.S. Food and Drug Administration on Friday approved the country’s first gene-editing treatment, Casgevy, for use in patients with sickle cell disease. The approval comes about a decade after the discovery of CRISPR technology for editing human DNA, representing a significant scientific advancement. Yet reaching the tens of thousands of people who could benefit … Read more
Copper mines like Rio Tinto’s Bingham Canyon mine on the outskirts of Salt Lake City are on the frontline of America’s transition to clean energy. Global demand for copper, a major component of electric vehicles, is expected to grow from 25 million metric tons to nearly 49 million metric tons by 2035, according to S&P … Read more
U.S. crude prices continued to fall Wednesday, settling below $70 per barrel for the first time since early July and at their lowest levels since June. That’s good news for the Federal Reserve in its battle against inflation. While the impact on oil and natural gas stocks has not been as cheery, companies across many … Read more
The 2024 Fiat 500e. Stellantis DETROIT — Stellantis is resurrecting the all-electric Fiat 500e for the U.S. market, as the automaker begins to release electric vehicles domestically to meet tightening fuel economy regulations. The small city car is expected to first go on sale as a special edition “(500e)RED” model early next year, starting at … Read more
Iran denies involvement in attacks by the Houthis in the Red Sea. Washington: Iran was “deeply involved” in planning operations against commercial vessels in the Red Sea and its intelligence was critical to enable Yemen’s Houthi movement to target ships, the White House said on Friday. Iran-backed Houthis, who say their attacks are in support … Read more
The U.S. is running out of miners. More than half the nation’s mining workforce, about 221,000 workers, is expected to retire by 2029, according to the Society for Mining, Metallurgy & Exploration, and the number of candidates willing to fill those slots is shrinking. “Our workforce is aging,” said Bold Baatar, chief executive of copper at … Read more
A Christmas tree stands in front of the New York Stock Exchange (NYSE) in New York on December 1, 2023. Angela Weiss | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
U.S. Air Force F16 fighter jets fly in formation during U.S.-Philippines joint air force exercises dubbed Cope Thunder at Clark Air Base on May 09, 2023 in Mabalacat, Pampanga province, Philippines. Ezra Acayan | Getty Images News | Getty Images The chairman of U.S. Joint Chiefs of Staff, Gen. Charles Brown, spoke virtually with his Chinese … Read more
Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of advisory firm RiverPeak Group. Jose B. Collazo is an analyst focusing on the Indo-Pacific region. Follow them on X at @CurtisSChin and @JoseBCollazo. As 2023 comes to a close, we take a look at the year that was in … Read more
2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC DETROIT — As sales of all-electric vehicles grow more slowly than expected, major automakers are increasingly meeting their customers in the middle. More and more companies are reconsidering the viability of hybrid cars and trucks to appease consumer demand and avoid costly penalties … Read more
