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Healthcare

Trump Signs Order Aimed at Cutting Drug Prices

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Healthcare

Turmeric Lowers Blood Pressure–How to Get the Most out of It

by USNN World NewsMay 11, 2025May 11, 2025

Economy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

by USNN World NewsMay 10, 2025May 10, 2025

Healthcare

FDA Approves 3 Natural Color Additives Amid Push to Remove Artificial Food Coloring

by USNN World NewsMay 10, 2025May 10, 2025

Immigration

Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities

by USNN World NewsMay 10, 2025May 10, 2025

Japanese electronics manufacturer Panasonic plans to terminate 10,000 workers globally as part of a reform to resolve “structural issues,” the company said in a May 9 statement. The layoffs target 5,000 Japanese employees and 5,000 overseas workers at Panasonic’s consolidated companies. Job cuts are set to be implemented mainly in fiscal year 2026, “in accordance with the labor laws, rules, and regulations of each country and region.” “The company will thoroughly review operational efficiency at each Group company, mainly in sales and indirect departments, and reevaluate the number of organizations and personnel actually needed,” said the statement. Story continues below advertisement Panasonic will also terminate loss-making businesses that have “no prospect of improving profit.” “Through these measures, the company will optimize our personnel on a global scale,” it said. The layoffs are part of Panasonic’s broader management reform. The company is banking on these measures in fiscal 2026 to “resolve its various structural issues.” Related Stories Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs 5/8/2025 Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report 5/1/2025 Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report The management reform seeks to improve profit by a minimum of 150 billion yen—roughly $1 billion—in fiscal year 2027 compared to fiscal 2025. For the current fiscal year 2026, Panasonic expects structural reforms to cost the company 130 billion yen, approximately $900 million. In an April 10 statement, Yuki Kusumi, the CEO of Panasonic Group, highlighted the need to change the organizational culture in the company. “There is a deep-rooted tendency toward following the established framework once a decision has been made. If we are going to improve the efficiency and quality of our work, then we must become an organization that is constantly changing, with each individual taking the initiative to make changes,” he said. “I believe we need to advance to the stage where change is considered a virtue. To achieve this, it is extremely important that we avoid being constrained by deeply ingrained behaviors.” The layoff announcement came on May 9 as Panasonic reported its consolidated financial results for fiscal year 2025, which ended on March 31. Story continues below advertisement Sales were at 8,458.2 billion yen, approximately $58 billion, down 0.5 percent from a year ago, which was partly due to the impact of deconsolidation in the company’s automotive segment, said the earnings report. Operating profit jumped 18 percent year-over-year, partly due to higher sales. According to Panasonic, the global economy experienced a gradual slowdown during the fiscal year ending March 31. For fiscal year 2026, net sales are expected to decrease, with operating profit also forecast to fall. Potential impacts of tariffs from the United States were not included in the forecast. “The company continues to monitor the tariff situation and aims to minimize the resulting impact by taking measures from both short-term and medium- to long-term perspectives,” Panasonic said. In January, Panasonic Well, a division of the company, announced a plan to create “the first comprehensive wellness ecosystem” for families. “Families are at their breaking point as chronic stress, disconnection, and fragmented wellness solutions are taking a toll, and the call for help is loud and clear,” the company said. Panasonic’s wellness solution is expected to aid families in dealing with wellness issues and “help modern families thrive.”

Economy

Panasonic Announces 10,000 Layoffs Worldwide

by USNN World NewsMay 9, 2025May 9, 2025

Economy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

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Economy

How Major US Stock Indexes Fared May 7

by USNN World NewsMay 7, 2025May 7, 2025

Healthcare

Magnesium Could Relieve Fibromyalgia and Migraines, and How It Works

by USNN World NewsMay 7, 2025May 17, 2025

Healthcare

Different Dietary Proteins Alter the Gut Microbiome Environment

by USNN World NewsMay 6, 2025May 6, 2025

Economy

How Major US Stock Indexes Fared May 6

by USNN World NewsMay 6, 2025May 6, 2025

Healthcare

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NATIONAL NEWS

Kari Lake Says Katie Hobbs Created ‘Major Ethical Problem’ by Not Recusing Herself

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Top House Republican on Midterm Losses: Trump ‘Wasn’t on the Ballot’

By Jack Phillips Rep. Jim Banks (R-Ind.) said that Republicans’ 2022 midterm losses were not because of former President Donald Trump because he “wasn’t on the ballot.” “Donald ...

GOP Takes Key District From Democrats in Blue State as House Control Undecided

By Jack Phillips Republicans on Sunday flipped an Oregon congressional district, giving the GOP another seat as control of the House is still up for grabs. GOP candidate Lori ...

GOP Senator Says ‘Old’ Republican Party Is ‘Dead,’ Calls for Major Changes

By Jack Phillips Republicans need to “build something new” after failing to retake the Senate majority following the 2022 midterm elections, a GOP senator said. Democrats picked up ...

Gingrich: GOP Got Nearly 6 Million More Votes but Lost Many Races, ‘What’s Going On?’

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Trump Alleges Voter Fraud In Arizona Senate Race, Demands Do-Over

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Republican Joe Lombardo Wins Nevada Governor Race, Defeats Democrat Steve Sisolak

By Mimi Nguyen Ly Nevada Republican gubernatorial candidate, Clark County Sheriff Joe Lombardo, has won the midterm elections, ousting incumbent Gov. Steve Sisolak, a Democrat. The projection of Lombardo’s ...

Democrats One Seat Away From Senate Control After Kelly Defeats Masters in Arizona

By Mimi Nguyen Ly Democrats are one seat away from retaining control of the U.S. Senate after incumbent Sen. Mark Kelly (D-Ariz.) defeated Republican challenger Blake ...

Trump Wants Everyone to Know That He’s ‘Of Course’ Running for President: Adviser

By Jack Phillips One of former President Donald Trump’s advisers said the 45th president will “of course” announce that he is running for president next week ...

Trump Targets Fox News Parent Corp, Paul Ryan Following Midterm Elections

By Jack Phillips Former President Donald Trump criticized Fox News parent News Corp after several negative articles were published after the Tuesday midterms. A News Corp-owned publication, the Wall ...

Revisiting President Ronald Reagan’s Veterans Day Remarks

By USNN World News Corporation and NH Politician PRESIDENT REAGAN: Secretary Weinberger, Harry Walters, Robert Medairos, reverend clergy, ladies and gentlemen, a few moments ago ...

Cameras Go Dark at Vote Counting Facility in Key Nevada County

By Zachary Stieber Cameras at the vote counting facility in a Nevada county still counting midterm election votes stopped broadcasting overnight, officials said on Nov. 10. The livestream ...