Economy

Trump Tariffs on Drugs and Goods: Impact on US Economy

SMGN September 26, 2025

Pharmaceutical Costs Under Tariff Pressure Tariffs on imported pharmaceutical drugs have raised immediate concerns about the affordability of essential medicines in the United States. America imports over $230 billion worth of pharmaceuticals annually. Doubling costs for some treatments could create financial strain for millions of patients. The rising costs could

US Economy Growth Surpasses Expectations with Strong Second Quarter Expansion

SMGN September 25, 2025

Consumer Spending Fuels Economic Expansion The United States economy continued to defy concerns of a slowdown. It expanded at an annualized rate of 3.8% in the second quarter of 2025. The revision came largely from stronger consumer spending, which remains the backbone of the American economy. According to U.S. Bureau

Global Supply Chains and the Future of Emerging Economies

SMGN September 24, 2025

Geopolitical Shifts Driving Supply Chain Realignment The global supply chain network has long been the foundation of the modern economy. It enables companies to reduce costs, improve efficiency, and leverage international specialization. In recent years, however, geopolitical tensions, trade conflicts, and security concerns have reshaped this landscape. Strategies such as

Javier Cárdenas Moreno Joins Key Political and Business Leaders at the Harvard Club in New York

SMGN September 24, 2025

Event highlights Ibero-American cooperation, economic freedom, and global leadership At the prestigious Harvard Club in New York, an exclusive gathering brought together influential figures from the political, academic, and business spheres, with Javier Cárdenas Moreno, CEO of Rhino Equipment, as one of the key participants. The event also featured Juan

Nvidia’s $100 Billion Bet on OpenAI and the Future of Artificial Intelligence

SMGN September 23, 2025

The global artificial intelligence race has entered a new era as Nvidia prepares to invest up to $100 billion in OpenAI, one of the most influential players in AI research and deployment. This monumental partnership highlights the growing importance of high-performance computing power. It plays a significant role in developing

Amazon Faces Trial Over Prime Membership Dark Patterns and Cancellation Barriers

SMGN September 22, 2025

The Case Against Amazon’s Prime Subscription Practices The long-awaited trial that places Amazon under scrutiny for its Prime membership practices has begun. It centers on accusations that the company used deceptive user-interface tactics to enroll customers and created burdensome cancellation hurdles. According to regulators, Amazon relied on so-called “dark patterns.”

International Leaders Meet at FIU to Highlight the Importance of Transatlantic Cooperation

SMGN September 20, 2025

Luis Almagro, Javier Cárdenas Moreno and Jan Havránek participated in the forum “Strengthening the Transatlantic Partnership: A New Path Forward” Miami hosted a high-level meeting during the “Strengthening the Transatlantic Partnership: A New Path Forward” forum, organized by Florida International University (FIU). The event brought together prominent global leaders, including

Cyberbiosecurity and the Blue Economy: Safeguarding the Future of Maritime Innovation

SMGN September 19, 2025

The blue economy, encompassing fisheries, aquaculture, shipping, offshore energy, and port logistics, is undergoing one of the fastest transformations in history. Two forces—digitalization and biological innovation—are driving greater efficiency and sustainability across the sector. Yet with these advances comes a new frontier of risk: cyberbiosecurity. This emerging discipline sits at

Google Antitrust Ruling and the Future of AI

SMGN September 18, 2025

The Antitrust Case Against Google and Its Implications The recent ruling in the antitrust case against Google has become a landmark moment for both technology and law. It raises critical questions about the balance of power in the digital age. At its core, the lawsuit focused on whether Google unfairly

Federal Reserve Interest Rate Cuts and the Future of U.S. Economic Policy

SMGN September 17, 2025

Why the Federal Reserve Uses Interest Rate Cuts to Guide the Economy The Federal Reserve plays a central role in shaping the direction of the U.S. economy, and one of its most powerful tools is the adjustment of interest rates. When the Fed lowers rates, borrowing becomes cheaper for consumers

Expert Tips to Navigate Flight Delays and Cancellations During Crisis

SMGN November 6, 2025

Widespread flight delays and cancellations are impacting major airports nationwide as the government shutdown, now the longest in history, continues to drag on. Air traffic controller shortages have caused issues at numerous airports for more than a month, creating ripple effects across the entire travel network. In response to the

Trump says government shutdown pressures Republicans and suggests ending the filibuster

SMGN November 6, 2025

Former president reflects on election results after record-long shutdown During a meeting with Republican senators, former President Donald Trump said the prolonged federal government shutdown negatively affected recent election results for his party. Trump stated that pollsters identified the shutdown as a major factor influencing voter sentiment against Republicans. “If

U.S. Government Revises SNAP Benefit Cuts, but Millions Still Face Major Reductions

SMGN November 6, 2025

USDA Adjusts Reduction Formula Amid Ongoing Legal and Technical Challenges The U.S. government has revised its plan for the Supplemental Nutrition Assistance Program (SNAP), announcing a smaller reduction in monthly food benefits. According to updated guidance from the Department of Agriculture (USDA), maximum allotments will now be cut by 35%