Share:
In Other News
U.S. Oil Prices Rise as Manufacturing Slows
U.S. oil prices rose yesterday in response to hopes that interest rate cuts could be on their way. According to the S&P flash U.S. manufacturing survey showed American manufacturing fell to a four month low in March, with a reading of 49.9. A reading below 50 suggests the economy is contracting, which could push the Fed to cut rates sooner rather than wait for later in the year.
Medicare May Cover Wegovy For Heart Health
ACCORDING TO A RECENT ANALYSIS BY HEALTH POLICY RESEARCH FIRM KFF, MORE THAN 3 MILLION MEDICARE BENEFICIARIES COULD NOW BE ELIGIBLE TO RECEIVE COVERAGE FOR WEGOVY, A POPULAR WEIGHT LOSS DRUG THAT HAS RECENTLY BEEN APPROVED IN THE U-S FOR HEART HEALTH. HOWEVER, SOME BENEFICIARIES MAY STILL FACE OUT OF POCKET COSTS FOR THIS EXPENSIVE DRUG, AND SOME MEDICARE PRESCRIPTION DRUG PLANS MAY NOT COVER IT UNTIL 2025. ADDITIONALLY, AS MORE PART D PLANS BEGIN TO COVER WEGOVY, IT'S ALSO WORTH NOTING MEDICARE'S BUDGET MAY ALSO BE AFFECTED.
Starbucks Resuming Discussions With Union
Starbucks and the union representing its baristas will resume contract negotiations on Wednesday, ending a long period of inactivity. This comes after the two parties announced in February that they found a "constructive path forward" during mediation discussions. It was a significant shift for Starbucks, which had been fighting against Workers United and the wider movement to unionize its cafes for the past two years.
Meta to Bring its Operating System to Other VR Headsets
Mark Zuckerberg says Meta will partner with hardware companies to build virtual reality headsets than can run its Meta Horizon operating system. The partnerships include Lenovo and Microsoft, and will use the same system that powers the Meta Quest hardware.
Trump Media Suspects Illegal Short Sellers Targeting Stock
Trump Media's leadership claimed the company is being targeted by illegal short sellers hoping to drive down the price of shares. In a letter released Friday, Trump Media CEO Devin Nunes told the president of the NASDAQ, quote, "brokers have a significant financial incentive to lend non-existent shares." He believes at least some short sellers are betting shares will go down in price without owning or borrowing them which can be illegal.
Load More