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Medicare’s new $2,000 cap on out-of-pocket drug costs could save enrollees…
The AARP report suggests the spending cap could be huge for Medicare enrollees who take costly drugs for cancer, rheumatoid arthritis, and other conditions.The AARP…
DOT sues Southwest, fines Frontier for ‘chronically delayed flights’
The Department of Transportation has sued Southwest Airlines, alleging the carrier operated chronically delayed flights.The Department of Transportation has sued…
FTC sues Deere, alleging equipment repair ‘monopoly’ raises costs for farmers
The Federal Trade Commission has filed a lawsuit against agricultural equipment giant Deere & Company, alleging it holds a monopoly on repair services.The…
Bristol Myers Squibb says Alzheimer’s is the biggest market for new schizophrenia…
Bristol Myers Squibb plans to release initial late-stage trial data on Cobenfy in Alzheimer's-related psychosis during the latter part of the year.Bristol Myers…
Firefly Aerospace kicks off first moon mission after SpaceX launch
The lander of Texas-based rocket and spacecraft builder Firefly Aerospace has begun a 45-day trip to the moon.The lander of Texas-based rocket and spacecraft builder…
JPMorgan Chase is set to report fourth-quarter earnings – here’s what the Street expects
JPMorgan's results will be closely watched for signs that industry optimism is warranted.JPMorgan's results will be closely watched for signs that industry optimism…
Eli Lilly shares drop as drugmaker cuts revenue guidance on weight loss drug demand
Eli Lilly shares dropped after the drugmaker cut its 2024 revenue guidance, citing lower-than-expected demand for its obesity and diabetes drugs.Eli Lilly shares…
Boeing delivered 30 airplanes in December, but gap with Airbus widened in 2024
Boeing delivered 348 airplanes in 2024, less than half of rival Airbus's deliveries.Boeing delivered 348 airplanes in 2024, less than half of rival Airbus's…
JPMorgan Chase exec Daniel Pinto, longtime No. 2 to Jamie Dimon, will step down in June
Pinto has worked at JPMorgan and a predecessor firm for more than four decades.Pinto has worked at JPMorgan and a predecessor firm for more than four decades.
Netflix and Comcast among companies donating to LA wildfire relief effort
Companies are pledging millions in donations to aid in relief efforts for the Los Angeles wildfires.Companies are pledging millions in donations to aid in relief…