In a move to address the long-standing issue of inflated prescription medication prices linked to pharmacy benefit managers (PBMs), bipartisan lawmakers recently introduced a new bill known as the “Pharmacists Fight Back Act.” The legislation, spearheaded by Reps. Jake Auchincloss and Diana Harshbarger, aims to curtail dubious business practices employed by drug supply chain middlemen
General Motors is anticipated to release their second-quarter results, with analysts forecasting an earnings per share of $2.75 adjusted and revenue of $45.46 billion. The expected results would signify a 1.6% increase in revenue compared to the previous year and a substantial 44.2% increase in adjusted earnings per share. Last year’s second-quarter results for GM
Warner Bros. Discovery recently made a bold move by informing the National Basketball Association (NBA) that it intends to exercise its matching rights for a package of games earmarked for another company. The company is specifically targeting a deal between NBC and Amazon Prime Video, showing its commitment to maintaining its stake in the broadcasting
As President Joe Biden exits the election race, all eyes turn to Vice President Kamala Harris as the likely Democratic nominee. Experts are eagerly anticipating her unveiling of tax policies, which are expected to align closely with Biden’s proposals of increased taxes on the affluent and corporations. Harris has yet to provide a detailed economic
The world of cryptocurrency is evolving rapidly, and the latest development seems to be the approval by the U.S. Securities and Exchange Commission for exchange-traded funds that hold ether, the second-largest cryptocurrency in the world. This move is highly anticipated, and trading is set to begin as early as Tuesday. Several fund issuers have submitted
Berkshire Hathaway, led by Warren Buffett, made a significant move by trimming its Bank of America holding for the first time in over four years. The conglomerate sold 33.9 million shares of Bank of America for almost $1.5 billion in separate sales. This decision came following the bank’s strong performance in 2024, with an average
McDonald’s has announced that its $5 value meal promotion will be extended beyond the initial four-week window in most of its U.S. markets. The fast-food giant reported that the offer has successfully driven traffic back to restaurants, leading 93% of its business units to vote in favor of extending the promotion past its original end
As Gen Xers begin to hit age milestones that allow them to access certain retirement funds penalty-free, it is crucial for them to make informed decisions. The age of 59 ½ marks the point at which individuals from this generation can start withdrawing money from their IRAs and 401(k)s without facing penalties. Additionally, those who
Ryanair, a budget airline based in Europe, recently announced a significant decline in its quarterly profit after tax. The company reported a 46% decrease in profit, with earnings dropping to 360 million euros from 663 million euros compared to the same period last year. This unexpected decline has had a ripple effect on the airline
When it comes to traditional Detroit automakers, General Motors (GM) is expected to take the lead in the second quarter of the year. Despite challenges faced by the industry, GM is projected to report a solid $2.75 per share profit, representing a 44.2% increase from the previous year. With revenue expected to reach $45.46 billion,