Consumers are prioritizing lower prices when purchasing appliances, pantry items, and cleaning products. Companies like Whirlpool, Procter & Gamble, PepsiCo, and Coca-Cola have noticed this trend, with cautious consumers seeking deals. Whirlpool experienced suppressed demand, impacting sales and stock prices. P&G is also seeing a shift towards more affordable products and announced job cuts to reinvest in innovation. Consumer confidence remains low due to economic uncertainty. Coca-Cola and PepsiCo are focusing on offering affordable options to appeal to budget-conscious consumers. 1. The FDA has approved a new drug for the treatment of Alzheimer’s disease, despite concerns raised by some experts about its effectiveness. The drug, called Aduhelm, is the first new treatment for Alzheimer’s approved in nearly 20 years.

2. The G7 leaders have reached a historic agreement on a global minimum corporate tax rate of 15%. The deal is aimed at preventing multinational companies from avoiding taxes by shifting profits to low-tax countries.

3. The United States has officially rejoined the Paris Climate Agreement, signaling a renewed commitment to fighting climate change. The move comes as the Biden administration seeks to reestablish America’s leadership on environmental issues.

4. Bitcoin’s value has dropped significantly following China’s crackdown on cryptocurrency mining and trading. The cryptocurrency has fallen below $30,000, its lowest price in months, as investors grow increasingly concerned about regulatory scrutiny.

5. Amazon founder Jeff Bezos is set to launch into space on the first crewed flight of his company Blue Origin’s New Shepard spacecraft. The flight is scheduled for July 20th, just 15 days after Bezos steps down as CEO of Amazon.

Read more at Yahoo Finance: From refrigerators to snacks to detergent, US households are looking for low-cost alternatives everywhere