The ongoing debate surrounding prescription drug prices in the United States reached a critical juncture as Novo Nordisk’s CEO Lars Fruergaard Jørgensen faced a Senate inquiry regarding the alarming costs of the company’s weight loss drug Wegovy and diabetes medication Ozempic. The hearing, held by the Senate Health, Education, Labor and Pensions Committee, aimed to
Business
In a recent internal communication, Southwest Airlines has alerted its workforce to the challenging decisions that lie ahead as it strives to enhance profitability amidst growing pressure from activist investor Elliott Investment Management. This investment firm has reportedly pushed for a leadership overhaul within the airline, citing concerns about the current management’s efficacy in improving
In Renton, Washington, a brewing storm is reshaping the air travel landscape as Boeing machinists launch a significant strike demanding better pay and conditions. At the core of this labor movement lies a deep frustration among workers regarding the rising costs of living coupled with stagnant wages, especially amid a time of soaring inflation and
On a pivotal Friday, the Federal Trade Commission (FTC) filed a major lawsuit against three sizable U.S. health companies that act as intermediaries in the insulin pricing system. These companies, known as pharmacy benefit managers (PBMs), are accused of employing strategies that inflate insulin costs for patients while simultaneously padding their profit margins. The targets
In a surprising move, JetBlue Airways, famously known for its low-cost fares, has announced its plan to open airport lounges for the first time in its history. This initiative marks a significant pivot as the airline aims to attract affluent travelers and enhance passenger experience beyond just ticket sales. The first of these lounges will
In a landmark decision that reflects the ongoing evolution of women’s professional sports, the WNBA has officially confirmed the addition of its 15th franchise in Portland, Oregon. This announcement, made public on Wednesday, marks a pivotal moment in the league’s expansion efforts, positioning Portland as a vital part of the WNBA landscape when the team
In a significant move designed to enhance its footprint in the global gaming sector, Flutter Entertainment, the parent company of FanDuel, has announced a noteworthy acquisition of the Italian gambling company Snaitech from Playtech. This deal, valued at approximately $2.6 billion (or 2.3 billion euros), underscores Flutter’s commitment to international expansion and reflects its strategy
The United Auto Workers (UAW) union has escalated its ongoing dispute with automotive giant Stellantis by filing federal unfair labor practice charges. This significant action stems from allegations that Stellantis violated established contract terms and made attempts to shift production of the Dodge Durango outside of the United States. The UAW leadership has grown increasingly
Cancer cachexia is a devastating syndrome that affects millions of cancer patients globally, characterized by significant weight loss, muscle wasting, and a decline in quality of life. The condition is particularly severe: approximately 9 million individuals are afflicted worldwide, and alarmingly, it is estimated that 80% of patients suffering from cachexia will not survive beyond
The recent agreement between DirecTV and Disney serves as a telling example of the ongoing tensions in the media landscape, particularly as streaming services continue to transform the dynamics of traditional pay-TV relationships. After a brief blackout of approximately two weeks, DirecTV customers regained access to Disney’s invaluable channels, including ESPN and ABC, just in