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PRESS DIGEST- New York Times business news - May 12

ReutersMay 12, 2025 4:38 AM

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- U.S. President Donald Trump will sign an executive order on Monday aimed at lowering some drug prices in the United States by aligning them with what other wealthy countries pay.

- U.S. Transport Secretary Sean Duffy warned of possible flight disruptions nationwide, citing Newark Liberty's technological and staffing issues.

- Treasury Secretary Scott Bessent said on Sunday that the United States had made "substantial progress" in talks with China after a weekend of meetings in Geneva.

- The Trump administration plans to accept a luxury Boeing BA.N 747-8 plane as donation from the Qatari royal family that will be upgraded to serve as Air Force One.

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