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Schumer offers deal to end government shutdown

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Schumer offers deal to end government shutdown

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Nov. 7, 2025, 5:00 PM ESTBy Sara MonettaMalnourished and dehydrated people are crawling through the desert on their elbows and knees in constant terror of being caught by fighters from Sudan’s paramilitary Rapid Support Forces (RSF), humanitarian organizations have warned.The journey from the RSF-controlled city of el-Fasher to the town of Tawila is just 30 miles, but nonetheless perilous as gunmen rove around, robbing people, taking them hostage and in some cases slaughtering them by the dozen, the organizations say.Under international pressure, the RSF said Thursday that it was willing to engage in a U.S.-brokered humanitarian ceasefire. But the Sudanese military, which it has been fighting since April 2023, has yet to agree to a truce, and the State Department has said it is still working to get both parties to agree to a pause in the fighting amid warnings from the humanitarian organizations that the northeast African nation is returning to its genocidal past.While talks are ongoing, eyewitness accounts, videos shared to social media and an analysis of satellite imagery that has shown pools of blood visible from space have revealed the scale of the killing in the region and the increasing use of drone strikes by both sides as they seek to gain an advantage on the battlefield.Images of a former children’s hospital in el-Fasher show the appearance of new disturbed earth from Oct. 30, top left, to Nov. 3, bottom right.Yale Humanitarian Research Lab / VantorHanaa Abdullah Musa said RSF fighters detained her brother at one of several checkpoints she came across as she made her way to Tawila, which is home to hundreds of thousands of displaced people.“They drove him to some place,” she told NBC News in a voice note on Thursday. “Later in the evening, they told us they would bring him back, but they never did.”NBC News has asked the RSF for comment on Musa’s testimony.Musa, 20, said she had no choice but to keep moving toward Tawila after fighters took her phone and money at a previous checkpoint.She was one of only about 6,000 people to make it to the town from el-Fasher since the RSF takeover, according to humanitarian organizations working there, all of whom have expressed growing alarm about the paramilitary group’s activity in Sudan’s North Darfur.“Every single person who has arrived in Tawila has one or multiple members of their family that they cannot account for,” according to Shashwat Saraf, the country director for the Norwegian Refugee Council, a humanitarian organization that provides aid to displaced people.

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November 5, 2025

Nov. 4, 2025, 10:15 PM EST / Updated Nov. 5, 2025, 3:40 AM ESTBy Mithil Aggarwal and Steve KopackHONG KONG — International markets plunged Wednesday as stocks across the Asia-Pacific region sold off on worries about the sky-high valuations of artificial intelligence and tech companies.The Kospi stock index in South Korea plunged more than 6% at its lowest point. Japan’s Nikkei 225 average slid about 4.5%, and Hong Kong’s Hang Seng index tumbled more than 1%. Stocks in Taiwan also fell around 2.5%.European markets also opened lower. Britain’s FTSE 100 index dropped over 0.25% and futures for Germany’s benchmark stock index showed a decline of 1.2%, while the major French index showed a drop of more than 0.5%.U.S. stock futures, an indication of where markets will open, showed that losses were likely to continue Wednesday after the opening bell rings in New York. S&P 500 futures pointed to a drop of 0.5%, and Nasdaq futures indicated a decline of about 1% on Wednesday.While Asian markets pared some of their losses from earlier in the day, the indices closed lower across the board, which economists said was an indicator of how reliant tech companies, even in Asia, are on the U.S.“There are some Asian economies — Taiwan the most, followed by South Korea — that are really dependent on U.S. tech companies,” said Alicia García-Herrero, chief economist for Asia-Pacific at Natixis in Hong Kong.“It’s about the export of chips and more generally the ecosystem,” she said. “It’s very correlated.”The selloff came after a day of significant selling in the United States that brought the recent global market rally to a halt. The S&P 500 closed Tuesday down 1.1%, the Nasdaq tumbled 2%, and the Russell 2000 fell 1.8%.The largest publicly traded company in the world, Nvidia, dropped nearly 4% on Tuesday. Palantir, another AI firm whose business involves government contracts, sank nearly 8% even after it beat Wall Street’s earnings expectations. “If you look at the graph for the whole index and how much that index has been contributed by AI stocks, you just can’t believe that’s sustainable,” García-Herrero said. Last week, the Kospi hit a record high, fueled by gains in AI stocks. Taiwan’s benchmark index, TWI, has gained 20% this year, driven in part by the 40% gain seen by TSMC, which supplies chips to Nvidia and other tech companies. But on Wednesday, the months-long rally came to a grinding halt after overvaluation warnings from Wall Street, resulting in a steep selloff, with shares of global electronics giant Samsung falling 5.5% and chipmaker SK Hynix dropping more than 6%. SoftBank, a major investor in AI firms, sank more than 14%, wiping out more than $30 billion in market value.Hot stock market fuels concerns about possible Wall Street bubble02:02Late Monday, the CEOs of Goldman Sachs and Morgan Stanley warned that a possible market pullback may be on the horizon. Matters were made worse by lackluster earnings Tuesday afternoon from Advanced Micro Devices and Super Micro Computer, both of which manufacture chips used for AI services.Enthusiasm about artificial intelligence and the companies that produce AI services has been overflowing for months. Companies from Amazon to Microsoft to OpenAI have announced a steady stream of multibillion-dollar deals with one another, raising questions over the sustainability of the industry and its sources of funding.U.S. stocks are coming off a remarkable run, repeatedly setting recent record highs. For the year so far, the S&P 500 is still up more than 15%. The Nasdaq Composite, which more closely tracks the largest tech companies, has still gained more than 20% this year.Mithil Aggarwal reported from Hong Kong, and Steve Kopack reported from New York.Mithil AggarwalMithil Aggarwal is a Hong Kong-based reporter/producer for NBC News.Steve KopackSteve Kopack is a senior reporter at NBC News covering business and the economy.Jay Ganglani contributed.

November 4, 2025

Nov. 4, 2025, 4:10 PM ESTBy Berkeley Lovelace Jr.The Trump administration is expected to announce, as early as this week, a deal with drugmakers Eli Lilly and Novo Nordisk to lower the price of their weight loss drugs in exchange for limited Medicare coverage, according to two people familiar with the plan. The deal would reduce the cost of the lowest doses of the blockbuster GLP-1 medications — Lilly’s Zepbound and Novo Nordisk’s Wegovy — to $149 a month, the people said. In return, Medicare would cover the drugs for some Medicare beneficiaries. It’s not yet clear whether the $149 price would apply broadly across private and public insurance, or only for people paying in cash. It wasn’t immediately clear which Medicare patients would qualify for coverage. The details of the plan could still change. The people confirmed the possible deal on the condition of anonymity because they were not authorized to speak publicly. The news was first reported by Endpoint News. The Washington Post reported the deal could be announced as early as Thursday. White House spokesperson Kush Desai said in a statement, “Discussion about deals that have not been officially announced by the Administration should be regarded as speculation.” In emailed statements, spokespeople for Lilly and Novo Nordisk confirmed they are in discussions with the Trump administration, but offered no details on any potential deal.If finalized, it would be the most significant agreement to emerge from President Donald Trump’s efforts to lower prescription drug prices to align more closely with other developed nations — also known as his “most favored nation” drug pricing push. Trump revived the initiative through an executive order in May after unsuccessfully pursuing it during his first term. The administration has also reached agreements with Pfizer and AstraZeneca to lower costs for some prescription drugs under Medicaid.In October, Trump said the administration was close to a deal to lower the cost of weight loss drugs.”Instead of $1,300, you’ll be paying about $150,” he said from the White House. Zepbound and Wegovy currently carry list prices above $1,000 a month — although both companies have rolled out lower cost options for people paying in cash amid intense public scrutiny over the high cost of the drugs. Costco recently announced that it would sell Wegovy and its diabetes drug Ozempic for $499 to people without insurance; Lilly announced a similar deal with Walmart for Zepbound. Medicare currently covers Wegovy for patients at risk of heart disease, as well as Zepbound for sleep apnea — but not for weight loss alone. Ozempic, which has the same active ingredient as Wegovy, is covered for diabetes.The Biden administration proposed expanding coverage of GLP-1 drugs through Medicare and Medicaid but the Trump administration later rejected the plan. Ozempic and Wegovy are also included in the next round of Medicare drug price negotiations under the Inflation Reduction Act, which former President Joe Biden signed into law in 2022. The Trump administration was expected to finalize new prices for 15 drugs — including the GLP-1s — by Nov. 1. Trump officials have signaled less enthusiasm for the negotiations, instead focusing on executive orders and voluntary pricing agreements with drugmakers. The administration is expected to unveil the new prices by Nov. 30. Berkeley Lovelace Jr.Berkeley Lovelace Jr. is a health and medical reporter for NBC News. He covers the Food and Drug Administration, with a special focus on Covid vaccines, prescription drug pricing and health care. He previously covered the biotech and pharmaceutical industry with CNBC.

October 7, 2025

Savewith a NBCUniversal ProfileCreate your free profile or log in to save this articleOct. 7, 2025, 3:21 PM EDTBy Maya Rosenberg and Jay BlackmanWASHINGTON — Federal funding for air travel in rural areas will run out Sunday if the government shutdown continues, threatening to isolate remote communities across the country.The Essential Air Service (EAS), established in 1978, provides funds to airline carriers to operate out of rural airports for routes that would otherwise be unprofitable. The program is a lifeline for remote communities because it connects them to cities with larger airports, ensuring access to medical treatments, work opportunities and commercial goods that would otherwise be a lengthy travel away. “Money runs out this Sunday. So there’s many small communities across the country that will now no longer have the resources to make sure they have air service in their community,” Transportation Secretary Sean Duffy said in a press conference Monday. “Every state across the country will be impacted by the inability to provide the subsidies to airlines to service these communities.”The EAS gives money to regional air carriers in 177 communities across all 50 states, as well as Puerto Rico, according to DOT. The Regional Airline Association, an advocacy group for regional airlines that receive EAS funds, said that “commercial air service at EAS airports had an economic impact of $2.3 billion and supported more than 17,000 U.S. jobs” before the pandemic. FAA announces possible staffing issues potentially caused by government shutdown 02:10“This program is an essential economic lifeline for over 500 rural communities who are often hit the hardest whenever there is disruption in the National Airspace System,” the association said in a statement. “[We] continue to urge Congress to come together and reopen the government for the good of the American public. The current government shutdown only adds stressors to an air transportation system that is already plagued with delays, disruptions, and cancellations.”As the shutdown continues with no end in sight, the Federal Aviation Administration is already confronting staffing shortages and slight increases in sick calls as air traffic controllers work without pay. NBC News reported Monday that no air traffic controllers were expected at Hollywood Burbank Airport in the Los Angeles area for hours, and that the main airports in New Jersey and Denver also experienced staffing issues.We’d like to hear from you about how you’re experiencing the government shutdown, whether you’re a federal employee who can’t work right now or someone who is feeling the effects of shuttered services in your everyday life. Please contact us at tips@nbcuni.com or reach out to us here.Congress appropriated nearly $500 million to the EAS in 2024; The expenditure is typically bipartisan, serving rural communities in states across the country. However, earlier this year, President Donald Trump looked to slash the program’s budget by $308 million in his discretionary budget. He had recommended eliminating the program in its entirety in a budget blueprint during his first term. The federal funding is particularly important for Alaska, where the state’s hundreds of islands and vast swaths of tundra make traveling by air a necessity. According to an October 2024 Transportation Department report, Alaska received more than $41 million in EAS subsidies. Duffy told reporters that the “number one user” of rural airspace is Alaska, and that the state “will be impacted” if funding runs out. “This is almost breathtaking, when you think about the implications for these communities, because there is no road for any of these places,” Sen. Lisa Murkowski, R-Alaska, told NBC News on Monday. “This is a big stressor right now.”Murkowski said that Alaska Airlines would maintain service at a handful of airports regardless of EAS funding but that she was worried for smaller carriers. She added that she was trying to get in touch with Duffy. Alaska Airlines did not immediately respond to a request for comment.Meanwhile, Murkowski’s fellow Alaska senator, Republican Dan Sullivan, said he was already in talks with the transportation secretary about the issue. “We’re working through it to make it have as little impact as possible. These are EAS subsidies, but this just goes to the whole damn Schumer shutdown,” Sullivan said, referring to the GOP nickname for the shutdown, which Republicans say was caused by Democrats. “But right now, what I’m trying to do is work with the secretary of transportation, who I was exchanging text messages and voice messages with, to try and limit that kind of damage.”Ryan Huotari, the manager of the Sidney-Richland Airport in Sidney, Montana, said the airport and his community depend on EAS funding.“If the EAS didn’t exist, I don’t think it would be able to function,” Huotari said of the airport. “Our winters out here are 20-below, they’re pretty treacherous. It’s pretty scary driving from here to Billings. I’d rather be in an airplane than a car.” Sidney is only an hour flight away from Billings, Montana’s largest city, but it’s about a four-hour drive each way. Huotari says that the airport is crucial for people who can’t make the eight-hour round trip, like the elderly who need medical care in Billings, or the oil workers who commute between the two areas. Huotari, who helmed the airport during the last shutdown in 2018, said he’s used to the EAS being on the budgetary chopping block but, with no solution in Congress in sight, this time he’s worried.“My biggest concern is getting people paid. There are a lot of federal grants out there that I’ve got right now,” he said. “There’s a lot of money hanging out there, like in the millions.”Maya RosenbergMaya Rosenberg is a Desk Assistant based in Washington, D.C.Jay BlackmanJay Blackman is an NBC News producer covering such areas as transportation, space, medical and consumer issues.Brennan Leach and Frank Thorp V contributed.

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