Month: October 2024
Amazon same-day prescription delivery expanding to nearly half of U.S. in 2025
The Amazon Pharmacy home screen is seen on a smartphone, Nov. 17, 2020. Gabby Jones | Bloomberg | Getty Images Amazon plans to bring same-day prescription delivery to 20 more cities next year, the company said Wednesday, marking the latest phase of its push into health care. As part of the expansion, which will make […]
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Life spans are growing but ‘health spans’ are shrinking. What that means for your money
Key Points The average American is living longer. But older people live fewer years in good health. Their “health span” is shrinking. Chronic medical conditions are generally associated with higher healthcare expenses. Source
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Warren Buffett’s S&P 500 bet paid off. Experts weigh in on whether it’s still a winning strategy
Warren Buffett, Berkshire Hathaway CEO and chairman. Cnbc | Nbcuniversal | Getty Images In 2007, Warren Buffett made a $1 million bet that he could outperform hedge fund managers over the course of a decade by investing in an S&P 500 index fund. In 2017, he won. Some individual investors are making similar bets on […]
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TikTok’s use of casino-like virtual currency to allegedly exploit children faces scrutiny in DC lawsuit
A view shows the office of TikTok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app or face a ban, in Culver City, California, March 13, 2024. Mike Blake | Reuters Of the many allegations […]
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Stocks making the biggest moves premarket: Boeing, Alphabet, Blackstone, GitLab and more
Check out the companies making headlines before the bell. Boeing — Shares slipped 1.8% after the aerospace company withdrew a pay raise offer it made to 33,000 machinists on strike since mid-September. With the talks again breaking down this week, the continued strike will cost Boeing more than $1 billion per month, S & P […]
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Bayer shares down 7% after U.S. court says it will review Monsanto case
Logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany. Wolfgang Rattay | Reuters Shares of German life sciences company Bayer fell nearly 7% on Wednesday, after a U.S. court said it would review a case alleging that exposure to products of the company’s […]
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Ozempic underworld: Inside the black market of obesity drugs
BOULDER, COLO. — Not far from the majestic Rocky Mountains is an ordinary suburban neighborhood, a tree-lined street and a modest light gray home. It’s not the kind of place you’d imagine an investigation into black market Ozempic would lead. But it did. A CNBC investigation into counterfeit weight loss drugs revealed an international illegal […]
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Sweden’s Volvo says deputy CEO to step down in management reshuffle as EV demand slows
The Volvo Cars Hill Country dealership on in Austin, Texas. Brandon Bell | Getty Images News | Getty Images Swedish automaker Volvo Cars on Wednesday announced deputy CEO Björn Annwall will step down from his current role as part of a management reshuffle designed to increase simplicity and collaboration in the organization. It comes shortly […]
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Weekly mortgage demand drops as interest rates hit the highest level since August
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images An abrupt turn higher for mortgage interest rates caused weekly demand from both potential homebuyers and current homeowners to drop. Total mortgage application volume fell 5.1% last […]
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CVS, UnitedHealth say FTC should take Lina Khan and two commissioners off drug middlemen case
FTC Chairwoman Lina Khan testifies during the House Appropriations Subcommittee on Financial Services and General Government hearing titled “Fiscal Year 2025 Request for the Federal Trade Commission,” in Rayburn Building on Wednesday, May 15, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images CVS Health and UnitedHealth Group are demanding Federal Trade Commission Chairwoman […]
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