FTC sues drug middlemen for allegedly inflating insulin prices
The FTC suit targets the three biggest so-called pharmacy benefit managers, UnitedHealth Group’s Optum Rx, CVS Health’s Caremark and Cigna’s Express Scripts.
Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp
Waller told CNBC that the data is showing core inflation in the Fed’s preferred measure is running below 1.8%
Trump Media closes at a new 52-week low on heavy trading after lockup expires
Former President Donald Trump’s majority stake in the Truth Social owner was worth $1.5 billion by Friday’s close.
UAE hoping to expand $1 trillion partnership with U.S. through AI, Investment
The visit is also expected to feature meetings with key U.S. business leaders and tech executives.
Dodgers’ Shohei Ohtani becomes first player to reach 50/50 club in MLB history
The Japanese star currently has 51 stolen bases and 50 home runs on the season.
North Carolina GOP governor nominee Mark Robinson denies making racist and sexually graphic posts on porn forum
Mark Robinson, who has weathered numerous scandals over his controversial remarks, has garnered praise from Republican presidential nominee Donald Trump.
The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means
Asset prices soared as investors took Powell at his word that the outsized rate cut wasn’t in response to a substantial economic weakening.
Trump Media hits new post-merger low as DJT sale restrictions set to lift
Donald Trump, the majority shareholder of Trump Media and the biggest name on Truth Social, said he has no plans to sell his DJT stock when the lockup ends.
Darden Restaurants earnings disappoint as Olive Garden, fine dining sales struggle
Olive Garden parent Darden Restaurants reported weaker-than-expected earnings and revenue for its fiscal first quarter.
Ray Dalio calls upcoming U.S. election the most consequential of his lifetime
Speaking to CNBC’s “Squawk Box Asia” on Thursday, the founder of Bridgewater Associates explained that what the U.S. needs is “broad-based prosperity.”
