The Federal Trade Commission is preparing to take legal action against three major U.S. health companies for their role as intermediaries who negotiate prices for essential medications like insulin. These companies, UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts, are being accused of artificially inflating costs for patients. The suits will focus
Business
Athletic Brewing Company made headlines with the recent announcement of raising an additional $50 million in equity financing. The round was led by General Atlantic, a significant player in the investment world. The company’s CEO, Bill Shufelt, stated that General Atlantic is expected to make even larger investments in the future. This latest funding is
Paramount Global has officially agreed to merge with Skydance, marking a significant milestone in the entertainment industry. This decision comes after a complex negotiation process involving various parties and multiple setbacks along the way. The merger will result in the Redstone family relinquishing control of Paramount, a renowned movie studio and media company with a
With the rapid advancement of technology and the continuous growth of the semiconductor industry, there is a pressing need for skilled workers to fill a wide range of positions. The competition for talent has intensified, and the industry is projected to face a shortage of as much as one million workers in the broader U.S.
In a groundbreaking move within the sports industry, private equity investment is taking center stage in women’s soccer. Unlike other major U.S. sports leagues that have limited private equity involvement to passive, minority stakes, the National Women’s Soccer League (NWSL) is paving the way for these firms to take majority control of the economics of
Ford 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, with a total of 308,920 trucks sold during the quarter. The F-Series, which is a part of Ford’s truck lineup, saw sales totaling 199,463 vehicles,
The Manhattan real estate market is experiencing a shift towards becoming a buyer’s market, with apartment prices falling and inventory rising in the second quarter of 2024. Reports indicate that the average real estate sales price in Manhattan has dropped by 3% to slightly over $2 million. Similarly, the median price has seen a decline
Recently, the Boston Celtics’ ownership group made a shocking announcement – they plan to sell the team for estate and family planning consideration. This decision has shaken the sports world as the Celtics are one of the most successful and widely followed teams in U.S. professional sports. The sale of the majority stake is expected
In a time when the box office industry is facing a shortage of content and increasing audience selectivity, Fathom Events has stood out by achieving record revenue gains. Over the past two decades, this joint venture between major theater chains like AMC, Regal, and Cinemark has been recognized for bringing alternative content to the big
The U.S. Track & Field Olympic Trials this year have seen a rise of unsponsored athletes standing out from the crowd. These athletes, totaling 35, are part of Bandit Running’s Unsponsored Project which aims to challenge the traditional model of athlete sponsorship. Instead of athletes having to purchase their own gear adorned with logos of