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Drugmakers Throw ‘Kitchen Sink’ to Halt Medicare Price Negotiations

July 25, 2023|Comments Off on Drugmakers Throw ‘Kitchen Sink’ to Halt Medicare Price Negotiations

The government will soon announce the first 10 medications that will be subject to price negotiations with Medicare under a new law. Drugmakers are fighting the measure in court. ​Read More Inflation Reduction Act of 2022, [+]

Who Will Stand Up for Renters? Their Elected Representatives, Who Also Rent.

July 25, 2023|Comments Off on Who Will Stand Up for Renters? Their Elected Representatives, Who Also Rent.

In California, legislators come out as tenants to form a renters’ caucus. ​Read More California, State Legislatures, Affordable Housing, Renting and Leasing (Real Estate), Rent Control and Stabilization 

Snap’s Sales Fall for the Second Time in a Row

July 25, 2023|Comments Off on Snap’s Sales Fall for the Second Time in a Row

The parent of Snapchat has grappled with an ad slump and the challenges of being a smaller social media company in an intensely competitive environment. ​Read More Social Media, Company Reports, Computers and the Internet, Advertising [+]

PacWest Bank, Thrashed by Deposit Crisis, Will Be Taken Over

July 25, 2023|Comments Off on PacWest Bank, Thrashed by Deposit Crisis, Will Be Taken Over

Banc of California is set to absorb PacWest, a larger lender that has seen its depositors flee this year. ​Read More PacWest Bancorp, Banc of California Inc., Banking and Financial Institutions, Mergers, Acquisitions and Divestitures, California 

Lawmakers Challenge Ford and Chinese Battery Partner Over Forced Labor

July 25, 2023|Comments Off on Lawmakers Challenge Ford and Chinese Battery Partner Over Forced Labor

Republicans are raising fresh concerns about CATL, the battery maker Ford is working with to bring new technology to the U.S., and its connections to Xinjiang. ​Read More Ford Motor Co, Contemporary Amperex Technology Ltd, House [+]

Microsoft Revenue Up 8% to $56.2 Billion in Latest Quarter

July 25, 2023|Comments Off on Microsoft Revenue Up 8% to $56.2 Billion in Latest Quarter

The company’s profit topped $20 billion as it pointed to strong interest in its artificial intelligence products. ​Read More Company Reports, Artificial Intelligence, Computers and the Internet, Cloud Computing, Search Engines, Microsoft Corp, Software 

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