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California serves up new $20 minimum wage

500,000 California workers are getting a big pay bump.

The Golden State's minimum wage for fast-food employees rose to $20 an hour today, up from $15.50. That gives many fry cooks, managers, and drive-thru attendants an instant 25% raise.

Your local mom-and-pop burger joint won't be affected. The fatter checks only apply to workers at chains with over 60 US locations — the biggies like McDonald’s, Burger King, and Taco Bell.

Last year, fried franchises like McD's seemed to support the $20 minimum wage law. Now, many are warning that the higher wages will force them to hike prices, cut workers' hours, and lean into automation and AI.

Your local mom-and-pop burger joint won't be affected. The fatter checks only apply to workers at chains with over 60 US locations — the biggies like McDonald’s, Burger King, and Taco Bell.

Last year, fried franchises like McD's seemed to support the $20 minimum wage law. Now, many are warning that the higher wages will force them to hike prices, cut workers' hours, and lean into automation and AI.

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Ford reportedly in talks to buy hybrid vehicle batteries from Chinese auto giant BYD

Detroit’s Ford and China’s BYD are said to be in ongoing talks to partner on an agreement that would see Ford buy hybrid vehicle batteries from BYD, according to reporting from The Wall Street Journal.

The report comes just days after President Trump toured a Ford factory in Michigan and implied openness to Chinese automakers coming to the US.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

Still life of Ozempic and Wegovy with weight scale.

Lawsuit alleges Lilly, Novo locked up telehealth to kill compounded GLP-1s

Novo Nordisk CEO Mike Doustdar estimated that around 1.5 million US patients are using compounded versions of the company’s drugs.

Handshake

Big Pharma enters 2026 with an appetite for deals

At the JPMorgan Healthcare Conference, biotechs and Big Pharma signaled they’re primed for M&A this year, after a big year for deals in 2025.

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