The Trump administration said that had the new prices been in effect last year, Medicare would have saved $12 billion, which would have reduced its spending on those drugs by 44 percent.

Nicklaus Cos. announced it was filing for Chapter 11 bankruptcy after a jury ruled in favor of company founder and golf legend Jack Nicklaus and awarded him $50M in damages.

To capitalize on AI demand, Nokia is shelling out $4B on stateside manufacturing and research and development. 
Roughly $500M is going toward investing in manufacturing and research in Texas, New Jersey and Pennsylvania. The remaining $3.5B will go toward R&D of new technology to boost its abilities in artificial intelligence and connectivity. The telecommunications giant is also reconfiguring its business lines and establishing a defense segment.
Nokia wants to boost its efforts in AI and cloud computing, build mobile connectivity with AI, and partner with big industry players to make that happen as soon as possible. It is working with Nvidia, using…

The federal government was shut down for the entirety of October, but that didn’t keep commercial real estate players from closing deals they had in the pipeline.

A pair of San Francisco hotels seen as symbols of the city’s commercial real estate slump have changed hands.

EQT sold off a 25-property, 13-market industrial portfolio in what it says is the largest U.S. industrial transaction of 2025.

Big plans are advancing for the 100-acre site of the former Lakeforest Mall that closed two years ago.
Developer WRS Realty is planning a mixed-use project with 1,600 multifamily units and 1.2M SF of commercial space. And Monday, it announced a partnership with Montgomery County that will make it easier for people to access the property. 

Center City residents doing their holiday shopping in the coming weeks will have many local options for niche, independent and small footprint retailers. But if they want a big-box experience — aside from Target or a grocery store — they will likely need to leave the neighborhood.
The increasingly populous and wealthy section of Philadelphia is no longer the catch-all shopping destination it was when department stores lined East Market Street in the early 20th century.
“This incredible spending power that we have in Center City is not being entirely captured in Center City,” said Center City District Vice President of Economic Development Clint…

Amazon will spend up to $50B to beef up the U.S. government networks that power everything from espionage to drug discovery.
Amazon Web Services announced plans to add nearly 1.3 gigawatts worth of power for its network of servers purpose-built for government use. Construction on the project — details of which weren’t disclosed — is set to start next year. 

As Americans become increasingly concerned about affordability, there’s scrutiny on the annual meal.