What’s next for the Biden administration’s Medicare drug price negotiations
The Medicare negotiations are a multi-round process that could produce more savings for taxpayers and seniors and put more pressure on drugmakers over time.
Meta CEO Mark Zuckerberg receives letter from lawmakers concerned about illicit drug ads on Facebook and Instagram
A bipartisan group of lawmakers sent Meta CEO Mark Zuckerberg a letter expressing concern about illicit drug advertisements running on the company’s apps.
Ex-Google CEO Eric Schmidt sees Nvidia as big AI winner: ‘You know what to do in the stock market’
Former Google CEO Eric Schmidt said in a recent talk at Stanford that, while he isn’t giving investment advice, Nvidia is the top beneficiary of the AI boom.
Cisco shares have best day since 2020 on earnings beat, plans to cut 7% of workforce
Cisco shares jumped on Thursday and were on pace for their best day since November 2020, after the networking company announced layoffs and an earnings beat.
NBCUniversal is pinning Peacock’s streaming success on its $2.45 billion per year NBA deal
NBC Sports is banking on the long-term success of Peacock and sports as the linchpin to making its $2.45 billion bid for the NBA profitable.
Lockheed Martin to take struggling spacecraft manufacturer Terran Orbital private in $450 million deal
Lockheed Martin is buying Terran Orbital, the company announced Thursday.
Consumer spending jumped in July as retail sales were up 1%, much better than expected
Retail sales were projected to increase 0.3% in July, according to the Dow Jones consensus estimate.
‘I see a lot of denial’: C-suite advisor says business bosses still expect a Trump win
U.S. business leaders are “in denial” about Kamala Harris’ growing lead over Donald Trump, according to C-suite advisor Tina Fordham.
Amazon to test Prime Air drone delivery service in the UK
Amazon and six other organizations will take part in a trial that will test the use of drone flights to remote locations.
Inside the $93 million Wall Street heist that stemmed from Russia
“The Crimes of Putin’s Trader” recounts the rise and fall of Vladislav Klyushin and his business empire. He was just released from a U.S. prison in a prisoner swap.
