‘It feels like a medical miracle’: How did a single QR code coupon cut my $618 Walgreens prescription to $15?

Philadelphia Federal Reserve President Anna Paulson said Tuesday that she thinks the current level of interest rates is sufficient to keep inflation moving toward the central bank’s goal. In her first CNBC interview, the policymaker insisted she has an open mind about where monetary policy should go, but was confident in her vote last week…

Two of the world’s most critical oil chokepoints — the Strait of Hormuz and Bab-el-Mandeb — are seeing almost no shipping traffic right now. Yet as the Iran conflict drags on, far from an oil apocalypse, prices are 30% down from their peak. But if you’re filling up with diesel, you won’t have noticed —…

Investors are concerned that Alphabet faces a fresh threat from Nvidia’s plans to help fund the AI buildout alongside major Wall Street players.

So where does the Great American AI Regulatory Effort stand? Before the administration’s new framework for reviewing advanced artificial-intelligence capabilities—one discussed with executives from leading AI companies on Tuesday—it employed what could be fairly described as an ad hoc, opaque, discretionary, and effectively mandatory system. In other words, exactly the opposite of sound governance, especially…

Jared Jageler and Willow Latham-Proença, both formerly of CBO, contributed to an earlier version of this work. For helpful comments on this paper and related work, we are grateful to Pierre Azoulay, Enrico Berkes, Aaron Betz, Devrim Demirel, Douglas Elmendorf, Andrew Fieldhouse, Nathan Goldschlag, Daniel Gross, Benjamin Jones, Joseph Kile, Jeffrey Kling, Junghoon Lee, Donald…

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