Congressional Budget Office Confirms Tariff Revenue Will Decrease Deficit by $4 Trillion

Congressional Budget Office Confirms Tariff Revenue Will Decrease Deficit by $4 Trillion

The Congressional Budget Office (CBO) upped the ante on their estimate for fiscal deficit reduction last week, all due to higher tariffs that kicked into effect this month. Tariffs are offsetting tax cuts signed into law this summer in the One Big Beautiful Bill (OBBB).

Details
The Price Impact of Generic Drug Tariffs: Why Patients Do Not Bear the Cost

The Price Impact of Generic Drug Tariffs: Why Patients Do Not Bear the Cost

America is dangerously reliant on high-risk foreign suppliers for essential generic drugs, especially APIs concentrated in China and India. That over-reliance has already triggered preventable crises, such as nationwide chemotherapy shortages when a single overseas plant shut down.

Details
CPA: EU Must Reject Aurobindo’s $5.5 Billion Zentiva Takeover

CPA: EU Must Reject Aurobindo’s $5.5 Billion Zentiva Takeover

Aurobindo Pharma’s proposed $5.5 billion acquisition of Prague-based Zentiva poses an unacceptable risk to Europe’s and America’s pharmaceutical security. CPA is calling on the European Union (EU), including Czech authorities and European Commission competition regulators, to reject the transaction.

Details
New Report Shows China’s Plan to Dominate the World Space Market, Supported by U.S. Investors

New Report Shows China’s Plan to Dominate the World Space Market, Supported by U.S. Investors

The study details how Beijing is pursuing a program of “space sector capture” to penetrate and control the space sectors of more than 120 countries through agreements with ostensibly private Chinese companies that, in effect, act as fronts for the People’s Liberation Army (PLA).

Details
As “Liberation Day” Tariffs Take Hold, Inflation Could Rise, But It Won’t All Be Due to Tariffs

As “Liberation Day” Tariffs Take Hold, Inflation Could Rise, But It Won’t All Be Due to Tariffs

It’s been three full months of record-high tariffs, and yet rolling 12-month overall inflation came in at 2.7% in July, the same percentage rate as June, according to last week’s Bureau of Labor Statistics (BLS) inflation report. Core inflation (CPI), which excludes food and oil, rose 3.1% in July, up from 2.9% in June.

Details