Business
Space station split: Russia is withdrawing from the ISS.

Space station split: Russia is withdrawing from the ISS.

Switching stations

Russia has said that it will be withdrawing from the International Space Station (ISS) after 2024, effectively ending over two decades of space-based cooperation with the West.

Roscosmos chief Yury Borisov assured Putin that they would be putting together their own orbiting outpost alternative by then, though NASA officials responded saying that they hadn’t ‘received any official word’ on the Russian departure plans.

Needing some space

The first segments of the ISS — the joint project of 5 major agencies — were launched in late 1998 with the US and Russia working particularly closely to establish the formative foundations of the station.

Since then, the space station has been a very public show of collaboration, playing host to international astronauts, millionaire space tourists, and even an ambitious two-person film crew. All told, more than 80% of all visitors to the ISS have been American or Russian.

More recently, however, US-Russian relations have soured. The Russian invasion of Ukraine — and the sanctions imposed by the US and its allies as a result — have left relations between the nations arguably at their worst since the end of the Cold War.

More Business

See all Business
business

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.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.