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

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

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Economy

How Major US Stock Indexes Fared May 6

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NATIONAL NEWS

‘Enveloped in Politicization’: FBI Whistleblowers Reveal ‘Serious Abuses,’ House Report Finds

By Joseph Lord House Judiciary Republicans on May 18 unveiled a whistleblower report (pdf) showing “serious abuse” and misallocations of resources by the Federal Bureau ...

Mayorkas Impeachment Articles Introduced by Rep. Greene

By Joseph Lord Rep. Marjorie Taylor Greene (R-Ga.) on May 17 introduced articles of impeachment against Department of Homeland Security (DHS) Secretary Alejandro Mayorkas. Mayorkas, who ...

Deutsche Bank to Pay $75 Million to Settle Lawsuit Bought by Victims of Jeffrey Epstein: Lawyers

By Katabella Roberts Deutsche Bank has agreed to pay $75 million to settle a class-action lawsuit filed by alleged sexual abuse victims of disgraced financier ...

Rep. Jim Jordan Says Congress Must Target FBI’s Budget in Wake of Durham Report

By Caden Pearson Rep. Jim Jordan (R-Ohio) has called for Congress to target the budget of the Federal Bureau of Investigation (FBI) after the release ...

Kari Lake Election Challenge Heads to Trial, Maricopa Voter Signatures Under Scrutiny

By Jack Phillips A three-day trial is scheduled to start Wednesday for Republican candidate Kari Lake to prove that Maricopa County did not properly verify ...

DeSantis Signs Bills Banning Transgender Procedures, Males From Women’s Bathrooms, Forced Pronouns in Schools

By Dan M. Berger Five bills designed to “let kids be kids” were signed into law by Florida Gov. Ron DeSantis on May 17. One outlaws ...

Rep. Greene Introduces Articles of Impeachment Against Garland

By Jackson Richman Rep. Marjorie Taylor Greene (R-Ga.) announced on May 17 that she has introduced articles of impeachment against U.S. Attorney General Merrick Garland ...

Durham Report Shows FBI Repeatedly Hamstrung Clinton Investigations

By Petr Svab FBI officials intervened again and again ahead of the 2016 election to limit agents’ ability to investigate potential criminal activity related to ...

‘Bomb in a China Shop’: AI to Wipe Out Jobs, Create Election Uncertainties, Congress Hears

By Andrew Thornebrooke WASHINGTON—Artificial Intelligence (AI) will drive massive disruptions in the American job sector and contribute to much more fraught election cycles as new ...

McCarthy Says Biden Might Have a ‘Secret Plan’ on Debt Ceiling

By Tom Ozimek As the debt ceiling standoff continues to grip Washington, House Speaker Kevin McCarthy (R-Calif.) said Monday that President Joe Biden might have a ...

GOP Presidential Candidates React to Durham Report: ‘Shut Down the FBI’

By Savannah Hulsey Pointer and Ivan Pentchoukov Two Republican presidential candidates have responded to news that special counsel John Durham’s report further discredits the FBI’s ...

IRS Whistleblower Removed From Hunter Biden Criminal Investigation, at Request of DOJ, Attorneys Say

By Mimi Nguyen Ly The Internal Revenue Service (IRS) removed a whistleblower and his team from a criminal investigation into Hunter Biden’s taxes and business ...