More than 3 million people with Medicare could be eligible for coverage of Wegovy now that the blockbuster weight loss drug is also approved in the U.S. for heart health, according to an analysis released Wednesday by health policy research organization KFF. But some eligible beneficiaries could still face out-of-pocket costs for the highly popular … Read more
Things are not going well at Tesla right now. The stock is down more than $100 per share year-to-date, as many as 20,000 people are set to lose their jobs, the Cybertruck keeps breaking, operating profit is expected to be down 40 percent when it’s announced later today and the $25,000 electric vehicle that Tesla … Read more
A Volvo EX30 fully electric EV Car is displayed during the Everything Electric London 2024 at ExCel on March 28, 2024 in London, England. John Keeble | Getty Images News | Getty Images Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales. First-quarter core operating … Read more
Like many little girls, a young Kristi Yamaguchi loved playing with Barbie. With a schedule packed with ice skating practices, her Barbie dolls became her “best friends.” So, it’s surreal for the decorated Olympian figure skater to now be a Barbie girl herself. “It’s a huge, huge honor. I think a lot of pride comes … Read more
A logo at the Roche Holding AG headquarters in Basel, Switzerland, on Thursday, Feb. 1, 2024. Bloomberg | Getty Images Swiss pharmaceutical company Roche on Wednesday reported a modest uptick in first-quarter sales, even as waning demand for its Covid-19 products continued to weigh on the company. Sales were up 2% at constant exchange rates, … Read more
Car dealers are terrified of direct sales. They see protecting the franchise sales model as paramount. I mean, how else are they going to charge for crap you don’t need and try to force you into financing their bonuses plus the price of the car for 84 months? Skipping the middle man is such a … Read more
An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. Lindsey Wasson | Reuters Boeing’s quarterly report on Wednesday will be the most complete accounting to date of the fallout from the midair loss of a door plug from a 737 Max … Read more
The U.S. Food and Drug Administration said Tuesday that samples of pasteurized milk had tested positive for remnants of the bird flu virus that has infected dairy cows. The agency stressed that the material is inactivated and that the findings “do not represent actual virus that may be a risk to consumers.” Officials added that … Read more
CNBC’s Jim Cramer admitted it’s been hard to “parse this economy,” but on Tuesday he pointed to signs that it is slowing down, looking at several recent weak earnings reports and new U.S. manufacturing and services data. Cramer referred to these factors as “brown shoots” that are disrupting U.S. economic growth. “When you combine the … Read more
Tesla’s first-quarter earnings call for 2024 is tonight, and it’s shaping up to be a rough one. The stock is nosediving, and investors desperately want Elon Musk to right the ship — and, in doing so, reinspire their confidence in the company’s continued ability to generate returns. Why Tesla stock might not be a buy … Read more
