USNN World News

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

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

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Economy

How Major US Stock Indexes Fared May 7

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How Major US Stock Indexes Fared May 6

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NATIONAL NEWS

RFK Jr. Combats ‘Censorship’ and ‘Misinformation’ With Alternative Campaign Strategy

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Iowa Crowd Cheers Nearly Nonstop as Trump Seeks to ‘Wrap Up’ GOP Primary

By Janice Hisle FORT DODGE, Iowa–Hours before former President Donald Trump took the stage here, his campaign sent out a text message declaring his intent: ...

Pro-Palestinian Protesters Stop Traffic on Bay Bridge, Dozens Cited and Released

By Travis Gillmore Hundreds of protesters demanding a ceasefire in Gaza disrupted westbound morning traffic into San Francisco Nov. 16 beginning around 7:40 a.m., as ...

New Email Shows Fauci Adviser Suggesting He Destroyed Records

By Zachary Stieber A top deputy to Dr. Anthony Fauci indicated in a newly uncovered email that he purposefully did not keep records that he ...

House Democrat Announces Retirement as Exodus Grows

By Zachary Stieber Rep. Dan Kildee (D-Mich.) on Nov. 16 said he’s retiring at the end of his term, joining a growing number of members ...

Trump or Biden: Who Is Most at Risk From RFK Jr.’s Independent Run

By Jeff Louderback When Robert F. Kennedy Jr. announced he would run as an independent instead of remaining a contender for the Democrat Party’s 2024 ...

House Conservatives Block Spending Bill in Setback for Johnson

By Lawrence Wilson and Joseph Lord House Republicans handed Rep. Mike Johnson (R-La.) a legislative loss on Nov. 15 by blocking consideration of a spending ...

New Hampshire Officially Defies DNC Primary Calendar

By Alice Giordano In officially defying the Democratic National Committee’s new primary calendar, the New Hampshire Secretary of State announced on Nov. 15 that the ...

Trump Team Denounces Media ‘Narrative’ About Possible 2nd-Term Agenda

By Janice Hisle In recent weeks, as former President Donald Trump’s dominance in polls has held steady or increased, national media outlets have been publishing ...

Pentagon Confirms US Troops Attacked 55 Times in Iraq and Syria Since Oct. 17

By Ryan Morgan U.S. troops stationed in Iraq and Syria have come under attack from rockets and explosive-laden one-way drones 55 separate times in the ...

Backers See a 2025 Trump–Johnson Team as a Panacea for America

By Mark Tapscott It’s possible that on Jan. 20, 2025, former President Donald Trump will be inaugurated for a second time, and Rep. Mike Johnson ...

Jack Smith Says Trump Lawyers Misled Special Counsel on Televising Upcoming Trial

By Zachary Stieber Former President Donald Trump’s lawyers changed their position on whether to televise his upcoming trial, special counsel Jack Smith said in a ...