25 C News
Automobile / The Economic Times
Auto sales rose 1.6%. They appear to have returned roughly to normalized spending after a surge in March and April as Americans attempted to get ahead of Trump's 25% duty on imported cars and parts and then a slump after that, according to Samuel Tombs, chief US Economist at Pantheon Macroeconomics.
Tata Motors' financial stability is expected to mitigate the effects of its commercial vehicle business separation and the planned acquisition of Iveco. S&P Global Ratings believes the Iveco purchase will strategically expand Tata Motors' reach. The passenger vehicle division will be housed under Tata Motors Passenger Vehicles Ltd.
The US Food and Drug Administration has approved a new medical device for rheumatoid arthritis. The SetPoint System is an implant that stimulates the vagus nerve. It reduces inflammation by re-educating the immune system. Clinical trials show promising results with reduced joint pain and swelling. Experts express cautious optimism about this drug-free approach.