In a recent development, the Federal Trade Commission (FTC) has expressed its intention to sue three prominent U.S. health companies over their alleged involvement in inflating medication prices, particularly insulin. The three major players in question are UnitedHealth Group’s Optom Rx, CVS Health’s Caremark, and Cigna’s Express Scripts. These pharmacy benefit managers (PBMs) have been
Business
Athletic Brewing Company, a leading nonalcoholic brewer, recently announced the successful completion of an equity financing round led by General Atlantic, raising an impressive $50 million. This investment is expected to propel the company into its next phase of growth as it seeks to expand production capacity and increase its presence in global retailers. Athletic
Paramount Global has finally agreed to merge with Skydance in a deal that will see the Redstone family stepping away from control of the storied movie studio and media company. The agreement, reached after a monthslong negotiation, involves a consortium including RedBird Capital Partners and KKR investing more than $8 billion into Paramount and acquiring
The semiconductor industry is currently experiencing a talent shortage that is exacerbated by the rapidly evolving technological landscape and the demand for skilled workers. According to a study from the Semiconductor Industry Association, the U.S. chips industry is projected to face a shortage of 67,000 technicians, computer scientists, and engineers by 2030. This shortage is
In recent years, there has been a noticeable shift in the ownership dynamics within professional sports leagues, particularly in women’s soccer. While traditional leagues such as Major League Soccer, the National Basketball Association, Major League Baseball, and the National Hockey League have allowed private equity investors to hold passive, minority stakes, the National Women’s Soccer
Ford Motor Company reported 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 reached a total of 308,920 vehicles. The company noted that this was their best second-quarter performance for trucks since 2019, showing a
The Manhattan real estate market is showing signs of becoming a buyer’s market as apartment prices have fallen and inventory has increased in the second quarter of 2024. Reports indicate that the average real estate sales price in Manhattan decreased by 3% to slightly over $2 million. Additionally, the median price experienced a 2% decline
The Boston Celtics’ ownership group made a surprising announcement on Monday that they plan to sell the team. This decision has significant implications not only for the Celtics organization but also for the NBA as a whole. The sale of a majority stake in the team is expected to be completed by the end of
Fathom Events has defied the odds in a time of uncertainty and volatility by achieving record revenue gains in an industry that is struggling to attract audiences. As a joint venture between major theater chains like AMC, Regal, and Cinemark, Fathom Events has carved out a niche for itself by bringing alternative content to the
At this year’s U.S. Track & Field Olympic Trials, a group of 35 unsponsored athletes are making a statement by wearing all-black, logo-less gear provided by Bandit Running’s Unsponsored Project. This initiative aims to challenge the standard sponsorship model for professional athletes in track and field by offering short-term endorsement deals to up-and-coming competitors. Instead