The Federal Trade Commission is making moves to take legal action against three major U.S. healthcare companies for their practices as middlemen who negotiate prices for essential medications like insulin. According to a source familiar with the matter, the agency contends that these practices are artificially inflating costs for patients. The Targeted Companies The three
The highly anticipated Chapter 2 of Kevin Costner’s Horizon saga has faced a setback as it has been postponed from its initial release date of August 16. This decision comes following the lackluster performance of Chapter 1 at the box office over the July 4th weekend. With a core audience of 50+, the filmmakers have
Intuit, the parent company of TurboTax, faced a nearly 4% drop in its stock after announcing a significant workforce reduction of 1,800 jobs. This decision comes as the company increases its investments in artificial intelligence. Although Intuit plans to rehire the same number of people for engineering, product, and consumer-focused roles, the initial job cuts
Recently, Volkswagen issued a warning that it may be forced to close its Audi plant in Brussels due to a significant decrease in demand for high-end electric cars. This drop in demand has had a negative impact on Europe’s leading car manufacturer, prompting the company to revise its margin target for the current year. The
In a move that surprised many economists, the Reserve Bank of New Zealand (RBNZ) decided to keep the cash rate steady at 5.5% in its latest meeting. While this decision was in line with expectations, the accompanying commentary from the central bank was more dovish than anticipated. The RBNZ stated that monetary policy would need
Sony is making a bold move with Apple Original Films’ latest romantic comedy, Fly Me to the Moon, directed by Greg Berlanti and starring Channing Tatum and Scarlett Johansson. The film follows a female ad executive who is pulled in by the U.S. government to create a back-up plan for NASA’s moon landing in 1969.
Nvidia, the artificial intelligence darling, saw its shares rise by 1.8% in midday trading following KeyBanc’s price target hike to $180. This increase implies about a 40% upside from the previous day’s close. The firm mentioned that demand for Nvidia’s H100 chip remains robust, even with the upcoming launch of Blackwell in the latter half
When Etsy first launched almost twenty years ago, it was hailed as a platform for artisans and craft makers to sell their unique creations and connect with a wider audience. However, in recent years, the site has been inundated with mass-produced, generic items from resellers who have exploited the system. Etsy CEO Josh Silverman recognizes
In recent news, Athletic Brewing Company has secured an impressive $50 million in equity financing led by General Atlantic. This funding is expected to propel the company into new realms of growth and innovation within the nonalcoholic beer market. With plans to expand production capacity and enhance offerings for global retailers, Athletic Brewing Company is
The U.S. stock index futures are showing signs of growth, particularly in semiconductor and megacap technology stocks. The continued rally in chip stocks has lifted the S&P 500 and the Nasdaq to record highs, indicating a positive sentiment among investors. The Philadelphia semiconductor index reached a more than two-week high, signaling a bullish trend in