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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

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Economy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

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Healthcare

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

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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

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Economy

How Major US Stock Indexes Fared May 7

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Healthcare

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Healthcare

Different Dietary Proteins Alter the Gut Microbiome Environment

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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, Endorsed by Trump, Wins Republican Nomination for Arizona Governor

By Gary Bai Gubernatorial candidate Kari Lake, endorsed by former President Donald Trump, has won the Republican nomination in the Arizona primary election. “Though the results took ...

Ogles Wins Tennessee Primary For Open Seat GOP Hopes to Flip

By Jeff Louderback Maury County Mayor Andy Ogles, who has campaigned as a pro-Donald Trump “America First” conservative and has been the target of multiple ...

Investigator Alleges Thousands of Irregularities on Racine County Municipal Voter Rolls

By Steven Kovac A citizen investigator says he has discovered thousands of inaccuracies in the Racine County, Wisconsin, municipal voter rolls. The latest allegations come on the heels ...

Florida Governor Suspends State Prosecutor Who Vowed Not to Enforce the Law

By Zachary Stieber Florida’s governor on Aug. 4 suspended a state prosecutor who has vowed not to enforce laws related to abortion. Gov. Ron DeSantis suspended State ...

Export-Import Bank Billions Meant for US Small Business Going to China, Russia, Other Corrupt Regimes

By Mark Tapscott Small businesses seeking to grow their overseas sales are supposed to be the primary beneficiaries of loan guarantees by the U.S. Export-Import ...

Florida Supervisor of Elections Issues COVID-19 Voting Procedures That Appear to Challenge Florida Law

By Patricia Tolson With less than a week to go before the official kickoff of Florida’s 2022 primary election cycle, documents obtained exclusively by The Epoch ...

Sheriff Mack Encourages Other Sheriffs to Investigate Evidence of Election Fraud Depicted in ‘2000 Mules’

By Ella Kietlinska and Joshua Philipp The claim made by Dinesh D’Souza’s documentary “2000 Mules” that significant fraud occurred in the 2020 election should be independently investigated by sheriffs in ...

Democrats are turbo-charging the IRS to go after the middle class

By Max Keating, Daily Caller News Foundation The reconciliation package proposed by Democratic Sens. Joe Manchin and Chuck Schumer includes $80 billion in new funding for ...

Deputies Uncover 42 Pounds of Cocaine While Investigating Drug Dealer in California

By Caden Pearson An investigation by San Bernardino county deputies uncovered 19 bricks of cocaine weighing 42 pounds with a street value of $700,000 stashed in a ...

Trump Nod Spurs Dixon to Runaway Win in Michigan GOP Gubernatorial Primary

By John Haughey Tudor Dixon, a former steel sales manager and conservative commentator, parlayed a late-campaign endorsement from former President Donald Trump into a runaway ...

Lake Pulls Ahead of Robson in Heated Race for Republican Nomination for Arizona Governor

By Allan Stein Kari Lake pulled ahead of Karrin Taylor Robson in a heated five-way battle for the Republican nomination for governor of Arizona in the ...

‘America First’ Candidate Mark Finchem Wins Republican Nomination for Arizona Secretary of State

By Allan Stein Arizona state Rep. Mark Finchem has won the Republican nomination for Arizona secretary of state in the Aug. 2 primary election. Finchem defeated ...