The Federal Trade Commission is preparing to file lawsuits against three major U.S. health companies for their role as intermediaries in negotiating medication prices, particularly for insulin. These companies include UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts. The FTC claims that their practices lead to higher costs for patients, ultimately inflating
Business
Athletic Brewing Company, a leading nonalcoholic brewer, has recently announced that it has secured an additional $50 million in equity financing. The round was led by General Atlantic, with expectations that General Atlantic will continue to invest significantly beyond that initial amount. The company plans to utilize this funding to increase its production capacity and
In a surprising turn of events, Paramount Global has agreed to merge with Skydance, marking a significant shift in ownership for the storied movie studio and media company. The merger, which was announced after months of negotiations, will see the Redstone family stepping away from control of Paramount, bringing in a new era for the
The semiconductor industry is currently experiencing a shortage of skilled workers in a highly competitive labor market. As the demand for talent continues to increase, the industry is struggling to fill crucial roles in areas such as technicians, computer scientists, and engineers. According to a study from the Semiconductor Industry Association, the U.S. chips industry
The landscape of women’s soccer is experiencing a significant shift with the rise of private equity investments in the National Women’s Soccer League (NWSL). While other major sports leagues in the U.S. have allowed private equity firms to hold passive, minority stakes, the NWSL stands out as the only league that has permitted these firms
Ford recently announced a 1% increase in sales during the second quarter compared to the same period last year. This growth was primarily driven by a 5% increase in truck sales, which totaled 308,920 vehicles. The F-Series, with a total of 199,463 vehicles sold, contributed significantly to this impressive performance. Sales of Ford electric vehicles
The Manhattan real estate market is experiencing a significant shift, turning into a buyer’s market due to a decrease in apartment prices and a rise in inventory. Reports indicate that the average sales price for real estate in Manhattan fell by 3% to slightly over $2 million, with the median price dropping by 2% to
In a surprising turn of events, the Boston Celtics’ ownership group has announced their plans to sell the team. The announcement was made on social media, indicating that the group, Boston Basketball Partners LLC, is looking to sell all of its shares in the team for estate and family planning reasons. This decision has sparked
In an era where the entertainment industry is facing a drought in content and viewers are becoming increasingly selective, Fathom Events has emerged as a shining star with skyrocketing revenue figures. The collaboration between AMC, Regal, and Cinemark has been a pioneer in bringing alternative content to the big screen, ranging from classic Hollywood films
At the U.S. Track & Field Olympic Trials this year, a unique phenomenon is taking place. A group of 35 unsponsored athletes is making waves by wearing all-black, logo-less gear provided by Bandit Running’s Unsponsored Project. This initiative aims to challenge the traditional sponsorship model for professional athletes and provide support to up-and-coming competitors in
