USNN World News

Healthcare

Trump Signs Order Aimed at Cutting Drug Prices

by USNN World NewsMay 12, 2025July 12, 2025

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

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Economy

How Major US Stock Indexes Fared May 7

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Healthcare

Magnesium Could Relieve Fibromyalgia and Migraines, and How It Works

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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

Trump Flies Into Iowa Fair to Scramble DeSantis 2024 Campaign

By Jack Phillips Former President Donald Trump and Florida Gov. Ron DeSantis both appeared at the Iowa State Fair on Saturday in what has been ...

Police in Kansas Execute ‘Chilling’ Raid on Small-Town Newspaper, Seizing Phones and Computers

By Tom Ozimek Police in the small Kansas town of Marion have raided a local newspaper office and the home of its publisher, seizing equipment ...

IRS Refused to Pay Stimulus Checks, Wrongly Claiming Some Taxpayers Were Dead: Report

By Jack Phillips An audit of the Internal Revenue Service (IRS) shows that the agency did not send stimulus payments and checks to some living ...

Death Toll From Hawaii Wildfires Rises to 80 as New Fire Prompts Evacuations

By Mimi Nguyen Ly Amid wildfires not yet contained in Hawaii, at least 80 people have been confirmed dead and a new fire has also ...

Jan. 6 Committee Failed to Preserve Documents, Didn’t Investigate Security Failures: Republican Lawmaker

By Ryan Morgan A House Republican reviewing the now-defunct House Jan. 6 Committee has raised concerns that the Democrat-led panel did not properly preserve all ...

US Military Establishes Generative Artificial Intelligence Task Force

By Aldgra Fredly The U.S. Department of Defense said on Aug. 10 that it had established a task force to analyze and integrate generative artificial ...

Hunter Biden Special Counsel Appointment May Violate Law Requiring Impartial Government Outsider: Rep. Sessions

By Mark Tapscott Attorney General Merrick Garland’s appointment of Delaware U.S. Attorney David Weiss as Special Counsel for the Hunter Biden investigation may violate the ...

House Will Not ‘Rubber-Stamp’ Biden Request for $24 Billion More for Ukraine: McCarthy’s Office

By Lawrence Wilson President Joe Biden’s $40 million supplemental funding request faces two hurdles in Congress—the whopping price tag for additional federal spending items and ...

Judge Compares Biden Admin’s Social Media Censorship to Mafia-Style Tactics as Biden Lawyers Claim No Proof of Coercion

By Tom Ozimek In Missouri’s social media censorship case against the Biden administration, President Joe Biden’s lawyers argued no solid proof of government coercion in ...

US Budget Deficit Tops $1.6 Trillion Amid Lower Tax Revenue, Higher Spending

By Andrew Moran The U.S. budget deficit for fiscal year 2023, running from October to September, is already the third largest on record, as tax ...

Judge Snubs Special Counsel, Issues Limited Gag Order in Trump Election Case

By Petr Svab and Jackson Richman WASHINGTON—District Judge Tanya Chutkan opposed the request by prosecutors to bar former President Donald Trump from revealing non-sensitive evidence ...

RFK Jr. Renews Demand for Secret Service Protection After Assassination of Ecuadorian Candidate

By Savannah Hulsey Pointer The 2024 presidential campaign of Robert F. Kennedy Jr. renewed calls for President Joe Biden to provide protection for the candidate. Mr. Kennedy’s ...