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People attend the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. Javier MileiArgentina's President Javier Milei delivers a speech at the World Economic Forum (WEF) meeting in Davos on January 17, 2024. Sam AltmanSam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. He said AGI could be developed in the "reasonably close-ish future," speaking at a private gathering at the Bloomberg House in Davos, Switzerland. AI took a huge leap forward in the last year or two years," Benioff said on a World Economic Forum panel Thursday.

Persons: Denis Balibouse, Donald Trump, Ursula von der, Ursula von der Leyen, Jamie Dimon Jamie Dimon, JPMorgan, Adam Galici, Jamie Dimon, Dimon, Larry Fink's, bitcoin, Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Vladimir Putin, Zelenskyy, Putin, Javier Milei, Fabrice COFFRINI, FABRICE COFFRINI, Fabrice Coffrini, Milei, Adena Friedman Adena Friedman, Adena Friedman, Friedman, Sam Altman Sam Altman, Sam Altman, Altman, Antony Blinken Antony Blinken, CNBC Putin, Antony Blinken, Blinken, Trump's, it's, Christine Lagarde, Emmanuel Macron, Macron, Dmytro Kuleba, Arnd Wiegmann, Trump, Vladimir, Ukraine's, Kuleba, Michelle Yeoh Michelle Yeoh, Mike Coppola, Michelle Yeoh, CNBC's Tania Bryer, Yeoh, Pedro Sanchez Spanish, Pedro Sanchez, Isabel Infantes, Sanchez, Li Qiang Li Qiang, Li Qiang, Li, Isaac Herzog, Kfir Bibas, Herzog, Kfir, Hossein Amir, Abdollahian, Atta Kenare, Joe, Biden, Netanyahu, Amir, Sergio Ermotti, MICHAEL BUHOLZER, Ermotti, Marc Benioff Marc Benioff, Salesforce, CNBC's Sara Eisen, Marc Benioff, Benioff, Ray Dalio Ray Dalio, Bridgewater, Ray Dalio, Dalio, Mark Carney Mark Carney, DANIEL LEAL Organizations: Economic, Reuters, European, JPMorgan Chase, CNBC, BlackRock, Getty, Afp, NASDAQ, CNBC Nasdaq, Reuters OpenAI, Bloomberg, State, European Central Bank, Central Bank, Reuters Ukraine's, United Nations Development, Spanish, Getty Images, Hamas, Palestinian, Hezbollah, Turkish, AFP, Iranian, Sergio Ermotti UBS, Getty Images UBS, Credit Suisse, Bridgewater Associates, U.S, Bank of England, UN, OLIVAS Locations: Davos, Switzerland, Ukraine, Gaza, Russia, China, Moscow, WEF, AFP, OpenAI, U.S, Russian, Iran, Europe, United States, Hollywood , California, Madrid, Spain, Beijing, Washington, Lebanese, Tehran, Israel, Hiroshima

☆ Investors still care about sustainability, UN's Mark Carney says
▼ + stars: | 2024-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors still care about sustainability, UN's Mark Carney saysMark Carney, United Nations special envoy on climate action and finance, told CNBC that he believed sustainability “hasn’t slipped down the agenda of investors.”

Persons: Mark Carney, hasn’t, ” Organizations: United Nations, CNBC

☆ Mark Cuban says X is Elon Musk's 'little echo chamber' that only rewards people he likes
▼ + stars: | 2024-01-18 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Read previewMark Cuban has criticized X as an "echo chamber" for its billionaire owner, Elon Musk. The two billionaires have been arguing since Cuban posted a series of X posts defending such policies against heavy criticism from Musk. This story is available exclusively to Business Insider subscribers. He said X was set up to be "Elon's little echo chamber that rewards people that he rewards." Representatives for Musk did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, Cuban, Elon Musk, Trevor Noah, Musk, Chip Wilson, Lululemon Organizations: Service, Cuban, Business, Forbes Locations: Cuban

☆ BAFTA Film Awards nominations 2024: See the full list of nominees
▼ + stars: | 2024-01-18 | by ( Thomas Page | ) edition.cnn.com time to read: +6 min

CNN —The nominees for the 2024 BAFTA Film Awards have been announced, with “Oppenheimer” leading the charge with 13 nominations. There were few surprises from the British Academy, with strong awards season favorites faring well, including Yorgos Lanthimos’ “Poor Things” with 11 nominations and Martin Scorsese’s “Killers of the Flower Moon” with nine. Standing out from the crowd was “The Zone of Interest,” Jonathan Glazer’s unique film about the Holocaust, which achieved nine nominations. “Barbie” received nods in five categories, including Margot Robbie for best actress, but did not land a best picture nomination. The awards ceremony, hosted by actor David Tennant, will be held at the Royal Festival Hall, in London, on February 18.

Persons: “ Oppenheimer ”, Martin Scorsese’s, Jonathan Glazer’s, “ Barbie ”, Margot Robbie, “, ”, Lily Gladstone, David Tennant, “ Oppenheimer, Napoleon ” “, Wonka, Michael J, Andrew Haigh, Justine Triet, Alexander Payne, ” Bradley Cooper, “ Maestro ” Christopher Nolan, Jonathan Glazer, Cord Jefferson, ” Christopher Nolan, Tony McNamara, Arthur Harari, Greta Gerwig, Noah Baumbach, “ Barbie ” David Hemingson, Josh Singer, “ Maestro ” Celine Song, Barry Keoghan, Saltburn ” Bradley Cooper, “ Maestro ” Cillian Murphy, “ Oppenheimer ” Colman Domingo, “ Rustin ” Paul Giamatti, ” Teo Yoo, Carey Mulligan, “ Maestro ” Emma Stone, “ Barbie ” Sandra Hüller, Vivian Oparah, Dominic Sessa, Jacob Elordi, Saltburn, Paul Mescal, Robert De Niro, Robert Downey Jr, “ Oppenheimer ” Ryan Gosling, Claire Foy, Danielle Brooks, Da’Vine Joy Randolph, Emily Blunt, Rosamund Pike, Sandra Hüller, Robbie Robertson, Ludwig Göransson, Jerskin, ” Anthony Willis, “ Saltburn ” Daniel Pemberton, Jacqueline Durran, “ Barbie ” Jacqueline West, Dave Crossman, Janty Yates, “ Napoleon ” Ellen Mirojnick, Holly Waddington, Sarah Greenwood, Katie Spencer, “ Barbie, Jack Fisk, Adam Willis, Ruth De Jong, Claire Kaufman, Shona Heath, James Price, Zsuzsa, Chris Oddy, Joanna Maria Kuś, Katarzyna Sikora, Jonathan Bullock, Charmaine Chan, Ian Comley, Jay Cooper, Theo Bialek, Stephane Ceretti, Alexis Wajsbrot, Guy Williams, Neil Corbould, Simone Coco, Jeff Sutherland, Alex Wuttke, Henry Badgett, Charley Henley, Ewen Martin, “ Napoleon ” Simon Hughes, Hair Kay Georgiou, Thomas Nellen, Sian Grigg, Kay Georgiou, Kazu Hiro, Lori McCoy, Bell, “ Maestro ” Jana Carboni, Francesco Pegoretti, Satinder Chumber, Julia Vernon, “ Napoleon ” Luisa Abel, Jaime Leigh McIntosh, Jason Hamer, Ahou, Nadia Stacey, Mark Coulier, Josh Weston, Laurent Sénéchal, Thelma Schoonmaker, Jennifer Lame, Yorgos, ” Paul Watts, Rodrigo Prieto, Matthew Libatique, Maestro ” Hoyte van, Robbie Ryan, Kahleen Crawford, Susan Shopmaker, Isabella Odoffin, Ellen Lewis, Rene Haynes, Angelo Bonanni, Tony Lamberti, Andy Nelson, Lee Orloff, Bernard Weiser, “ Ferrari ” Richard King, Steve Morrow, Tom Ozanich, Jason Ruder, Dean Zupancic, Maestro ” Chris Burdon, James H, Mather, Chris Munro, Mark Taylor, Willie Burton, Richard King, Kevin O’Connell, Gary A, Rizzo, Johnnie Burn, ” “ Gorka, Phoebe Dynevor Ayo, Jacob Elordi Mia Mckenna, Bruce Sophie Wilde Organizations: CNN, British Academy, Royal Festival Hall, “ Society, Fox, “ Guardians, “ Locations: London, British, “

☆ Mark Cuban says becoming a billionaire is just about luck and anyone who says they can do it again is lying
▼ + stars: | 2024-01-18 | by ( Sawdah Bhaimiya | Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Read previewTV personality and businessman Mark Cuban admitted that he couldn't become a billionaire again if he had to start over because it's essentially just "luck" and anyone who thinks they can is "lying." This story is available exclusively to Business Insider subscribers. At one point Noah questioned him about how he became a billionaire to which Cuban responded frankly: "Anybody who's a billionaire who thinks they could just do it all over again is lying their ass off. "But the whole billionaire side of it, the hundreds of millions of dollars, that's just insane and that was luck," he said. Advertisement"But there's a whole lot of people who are really really smart, who do each of those things or one of them really well, and we don't know who they are," he added.

Persons: —, Mark Cuban, couldn't, it's, Trevor Noah's, Noah, Cuban, That's, that's, there's Organizations: Service, Business, NBA, Dallas Mavericks, Cuban, Yahoo

☆ 2 US Navy SEALS lost at sea were part of a long struggle to stop Iran smuggling deadly weapons to its allies
▼ + stars: | 2024-01-17 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

They were helping seize Iranian weapons being sent to the Houthis in Yemen, CENTCOM said. The US Navy and its allies have made attempts to shut down this flow of weapons in the past. Advertisement"One of the main problems with the Red Sea in the Gulf of Aden is the type of states that surround them — Ethiopia, Somalia, Yemen, and Sudan," Inglis told BI. Inglis predicts there will now be other such operations, with the US Navy targeting more vessels smuggling weapons. AdvertisementBut, he said, "Iran will continue sending weapons to them in the same way that the Soviet Union did to Cuba in the 1960s."

Persons: CENTCOM, —, Michael Erik Kurilla, Mark Cancian, Richard Kouyoumdjian Inglis, Inglis Organizations: Navy, Service, US Central Command, US Marine, Center for Strategic, International Studies, US Navy, Chilean Naval Reserve, Middle East Institute Locations: Somalia, Yemen, Iran, Gulf of Oman, Gulf, Aden, Ethiopia, Sudan, Israel, Soviet Union, Cuba

☆ Opinion | How Hot Was It Last Year?
▼ + stars: | 2024-01-17 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +2 min

That threshold describes a long-term average rather than a single-year anomaly. But because it describes a multidecade average, the measure will always be backward-looking, with the precise moment the world crossed the 1.5 mark clear only in retrospect. This year a handful of prominent scientists have suggested that when we do look back to mark that time, we may well circle 2023. Not that long ago, it would have been pretty contentious to suggest that the world’s most ambitious climate goal was already lost. Perhaps 2024 is the year we may finally be ready to retire it publicly, too.

Persons: — Organizations: Berkeley Earth, Global Locations: Paris

☆ US air strikes on Yemen have cut off key supply lines from Iran to the Houthis: report
▼ + stars: | 2024-01-17 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

The US and UK launched strikes against Houthi targets in Yemen last week. They cut off key supply lines from Iran to Yemen, Western officials told Bloomberg. AdvertisementThe US and UK air strikes have cut off key supply lines from Iran to the Houthis in Yemen, Bloomberg reported, citing Western officials. The report referred to the US and the UK strikes on January 9 and January 11. The US and its allies have been engaged in yearslong efforts to stop Iran from supplying weapons to Houthi fighters in Yemen .

Persons: —, Diamond, CENTCOM, Iran hasn't, Mark Cancian Organizations: US, Bloomberg, Service, Western, Business, US Central Command, US Navy, US Marine, Center for Strategic, International Studies Locations: Yemen, Iran, Gulf of Oman

(AP) — Montana's Supreme Court has rejected an attempt by the state's Republican governor to block a landmark climate ruling that said regulators must consider the effects of greenhouse gas emissions when issuing permits for fossil fuel development. Greg Gianforte and three state agencies to block the August ruling from District Court Judge Kathy Seeley while an appeal by the state is pending before the high court. The state high court ruling means Montana officials must “immediately comply” with Seeley's order pending the appeal, said Mark Bellinger, an attorney for Our Children's Trust, which represented the 16 young plaintiffs who brought the case. The Department of Environmental Quality has created a work group to discuss potential changes to how it uses the Montana Environmental Policy Act, which requires public input in fossil fuel and mining development. Last year's amendment by lawmakers forbid greenhouse gas emission analyses unless the federal government decided to regulate carbon dioxide as a pollutant.

Persons: HELENA, —, Greg Gianforte, Kathy Seeley, Seeley, Seeley “, “, Mark Bellinger, Chris Dorrington, “ We’re, ” Dorrington Organizations: Republican, Gov, Montana Department of Environmental, Energy, Montana Legislature, Republicans, Environmental Locations: Mont, Montana, Yellowstone, Laurel

☆ 'Shark Tank' founder fumbled a 6-figure deal due to stubbornness: 'I'm not willing to compromise'
▼ + stars: | 2024-01-17 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Sometimes, striving for perfection can stunt your success — or, at least, keep you from landing a six-figure deal on ABC's "Shark Tank." Kelly, 36, is the founder of Anchorage, Alaska-based Heather's Choice, which sells lightweight, packable meals — just add hot water — and ready-to-eat snacks for outdoor adventurers. An adventurer herself, Kelly started the company in 2014, and raised $1.3 million in fundraising by the time of the episode's taping, she said. Heather's Choice had its first million-dollar revenue year in 2022, indicating an upward trajectory, Kelly noted. Instead of building upon the smaller and cheaper packaroon, the investors advised Kelly to market her meals to a wider audience, like students and working professionals.

Persons: Heather Kelly, Kelly, Heather's, You've, Mark Cuban, Lori Greiner, Candace Nelson, packer, Heather Locations: Anchorage , Alaska, Alaska

☆ The Case for the Supreme Court to Overturn Chevron Deference
▼ + stars: | 2024-01-16 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: Paul Gigot interviews pollster Mark Penn. Images: AP/Zuma Press Composite: Mark KellyThe Supreme Court has been trying to restore the proper constitutional balance of power, and its next opportunity comes Wednesday when it hears two cases challenging its own landmark Chevron doctrine (Loper Bright Enterprises, Inc., v. Raimondo and Relentless, Inc. v. Dept. In 1984 in Chevron v. NRDC, the Justices ruled that courts should defer to administrative agencies’ interpretation of laws when the statutory text is silent or ambiguous. In practice this has become a license for Congress to write vague laws that delegate legislative power to administrative agencies. Over the last 40 years the federal register of regulations has grown by tens of thousands of pages.

Persons: Paul Gigot, pollster Mark Penn, Mark Kelly, Raimondo Organizations: Zuma, Bright Enterprises, Inc Locations: Chevron v

Lower courts used the decision to uphold a 2020 National Marine Fisheries Service rule that herring fishermen pay for monitors who track their fish intake. A group of commercial fishermen appealed the decision to the Supreme Court. They lost in the lower courts, which relied on the Chevron decision to sustain the regulation. The Supreme Court itself hasn't invoked the Chevron decision since Trump's justices began arriving on the court in 2017, the first year of the Republican's administration. ___Follow the AP's coverage of the U.S. Supreme Court at https://apnews.com/hub/us-supreme-court.

Persons: Donald Trump, ”, Mark Chenoweth, Koch, it’s “, David Doniger, Doniger, — Clarence Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh —, Ryan Mulvey, “, Leif Axelsson, Axelsson, he’d, John Paul Stevens, ” Stevens, Sandra Day O'Connor, hasn't, Paul Clement, ” Clement Organizations: WASHINGTON, — Business, Marine Fisheries Service, Supreme, Chevron, New Civil Liberties Alliance, Natural Resources Defense, American Cancer Society, ”, Trump, Action Institute, Fishermen, U.S Locations: Rhode Island, Cape May , New Jersey, Coast, Cape

☆ I hope Renée Rapp never succumbs to media training
▼ + stars: | 2024-01-16 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

But her press tour for "Mean Girls" may be one of her best performances yet. This story is available exclusively to Business Insider subscribers. Take this clip from the "Mean Girls" junket. Advertisement"So, I love Megan Thee Stallion. On "Today," she reflected on how she felt after being cast as Regina George in "Mean Girls" on Broadway in 2019.

Persons: —, Renée Rapp, she's, Rapp hasn't, celeb, Regina George, she'd, Buddy, Megan Thee Stallion, Rapp, Meg, Tory Lanez, Megan, Megan Thee, Mark Cuban, Lindsay Lohan, Taylor Swift, Selena Gomez's Organizations: Service, Business

☆ Could the lost Navy SEALs still be alive? It's unlikely, but their world-class training gives them a shot.
▼ + stars: | 2024-01-15 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Read previewTwo US Navy SEALs who went missing off the coast of Somalia have little chance of survival after four days, military experts said. This story is available exclusively to Business Insider subscribers. But their world-class training in water survival give them better chances than most people. Reached by Business Insider early on Monday, a Pentagon spokesperson said they "have nothing new to provide." Advertisement"If they were alive, they would have found them," Inglis told Business Insider.

Persons: —, US Fleet Forces Command didn't, John Kirby, CBS's, Richard Kouyoumdjian Inglis, Inglis, Mark Cancian, CENTCOM, Sam Tangredi, Tangredi Organizations: Service, US Navy, Business, Associated Press, Navy, Central Command, Pentagon, US Fleet Forces Command, National Security, Sunday, Chilean Naval Reserve, US Marine, Center for Strategic, International Studies Locations: Somalia, Gulf, Aden

☆ The Equity Talk: Why Darryl Page came out of retirement to be Chubb's chief culture officer
▼ + stars: | 2024-01-15 | by ( Josée Rose | ) www.businessinsider.com time to read: +10 min

He's vice president and chief culture officer at the insurance giant Chubb, and diversity, equity, and inclusion work falls under his remit. Page used an example of walking into a room of people and giving them all a pair of size 10 shoes. So I really came to this work as a business leader with a lot of experience running a business. There are a few instances where there's important business information that you need to impart, and you may have a difficult time getting the attention of leadership. I think the challenge around this is that if you're really committed to your view on this, then you have to find a different way.

Persons: Darryl Page, Chubb, Elon Musk, Mark Cuban, Page, It's, that's, George Floyd's, I've, They're, I'd, it's, There's, — Organizations: Elon Locations: America

☆ I visited Mark Cuban's Texas ghost town, and 'Mustang' was more barren and mysterious than I ever imagined
▼ + stars: | 2024-01-13 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewI recently learned that Mark Cuban, the billionaire and former owner of the Dallas Mavericks basketball team, bought an entire "ghost town'" called Mustang for about $2 million in 2021. Mustang is about an hour away from the part of Dallas where I live. But until now, I had never come across it — and it appears that almost nobody in my circles had either. Cuban bought Mustang from principal owner Marty Price, a Dallas attorney and devoted Mavericks season ticket holder, according to NBC News, who spoke with Mike Turner, a real-estate agent who brokered the deal.

Persons: —, Mark Cuban, Forbes, Marty Price, Mike Turner, Price, Turner Organizations: Service, Dallas Mavericks, Business, Mavericks, NBC News, New York Times, Google Locations: Dallas

LOS ANGELES — Hunter Biden, the last surviving son of President Joe Biden, pleaded not guilty to nine tax-related charges during his arraignment in federal court on Thursday. Follow along for live updatesThe arraignment came just over a month after Hunter Biden was indicted in the Central District of California on allegations that he failed to pay his taxes. That charge, which federal authorities have used as a catch-all charge against domestic extremists, is facing court challenges. On Wednesday, Hunter Biden made a surprise appearance at a circus-like hearing on the day that Republicans formally recommended that the House hold him in contempt of Congress for defying a subpoena for testimony. Hunter Biden has said he would testify publicly, but House Republicans have demanded that he testify behind closed doors.

Persons: Hunter Biden, Joe Biden, Biden, Mark C, Scarsi, Donald Trump, David Weiss, General Merrick Garland, Weiss, Abbe Lowell Organizations: Capitol, U.S, District, Central District of, Prosecutors, Trump, Republicans Locations: Washington , U.S, Los Angeles, Central District, Central District of California, Delaware

☆ Mary Ellen Mark: Vintage photos offer rare glimpse of Mumbai’s red-light district
▼ + stars: | 2024-01-05 | by ( Christy Choi | ) edition.cnn.com time to read: +15 min

CNN —Mary Ellen Mark couldn’t forget Falkland Road. Despite being harassed and intimidated, legendary photographer Mary Ellen Mark spent 10 years trying to take photos on Falkland Road. Mary Ellen Mark A young woman and her customer photographed by Mary Ellen Mark. Mary Ellen Mark Falkland Road's infamous cages, where sex workers were displayed to passersby and potential customers. Mary Ellen Mark A young woman and a child seen reflected in a mirror.

Persons: Mary Ellen Mark, Mary Ellen Mark couldn’t, ”, Falkland, ” Meredith Lue, Lue, didn’t, Mark, “ Saroja, ’, Mary Ellen Mark Friends, “, ” Lue, she’s, Asha, Mumtaz, Usha, Mary Ellen Mark Late, Mary Ellen Mark Falkland, wouldn’t, Champa, Martin Bell, ” Mark, Mary Ellen Mark Hidden, ” Bell, Mark’s, ’ ” Lue, Ward, They’re, they’ve, It’s, ” Mary Ellen Mark Organizations: CNN, New York Times, Mary Ellen Mark Foundation, GEO, Olympia, Mental Institution, Ward, Times, “ Locations: Mumbai, Bombay ”, Bombay, —, Falkland, “, Mumbai's, South India, America, Berlin, Germany, India, Seattle, Oregon

☆ Mark Cuban says 'good businesses' embrace diversity: 'The loss of DEI-phobic companies is my gain'
▼ + stars: | 2024-01-05 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Mark Cuban says smart businesses embrace diversity, equity and inclusion. That's a stance at odds with some recent high-profile skepticism of the organizational framework from fellow billionaires Elon Musk and Bill Ackman. "Let me help you out and give my thoughts on DEI," Cuban told Musk on X, formerly known as Twitter, on Wednesday. "Good businesses look where others don't to find the employees that will put your business in the best possible position to succeed." Cuban pushed back against the notion that that's what DEI policies call for.

Persons: Mark Cuban, Elon Musk, Bill Ackman, Musk, George Floyd's Organizations: Tech, Google, Meta Locations: Cuban

☆ Walgreens is following Mark Cuban's blueprint as it embarks on a big strategy shift for prescription drugs
▼ + stars: | 2024-01-05 | by ( ) www.businessinsider.com time to read: +5 min

Pharmacies are changing how they get paid, and Walgreens wants a piece of the action. It's a departure from the traditional, complicated way drugs are paid for, and proponents say it could make drug pricing more transparent and predictable. It's not a given patients will pay less for drugs at the pharmacy counter under this kind of model. These companies are taking cues from Mark Cuban's Cost Plus Drugs, which is starting to gain traction in the market. The big question is whether Walgreens can compete with CVS and other pharmacies in delivering those extra pharmacy and healthcare services.

Persons: Tim Wentworth, Mark, Wentworth, Borja, Hojas, they're, Caremark, Brian Tanquilut, Tanquilut, CVS, Cigna, Mark Cuban's, It's, Rosalind Brewer Organizations: Walgreens, Business, CVS Health, Getty, CVS, Jefferies, Health Locations: California

☆ Mark Cuban shares the No. 1 jargon word he hates the most: ‘You sound stupid ... trying to sound smart’
▼ + stars: | 2023-12-20 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Mark Cuban is no fan of jargon — and the billionaire is far from alone. But using jargon words when you could opt for something simple and clear instead, typically has the opposite effect, according to Cuban. "Always use the simpler word," Cuban told Wired in an October video Q&A. "There's no reason to ever use the word 'cohort' when you could use the word 'group,'" he said. You sound stupid when you use the word 'cohort,' because you're trying to sound smart."

Persons: Mark Cuban, Warren Buffett, Buffett, Elon Musk, Adam Galinsky, Galinsky Organizations: Wired, Tesla, Columbia Business School, CNBC Locations: Cuban

☆ CVS will change the way it prices drugs
▼ + stars: | 2023-12-05 | by ( Tami Luhby | Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —CVS is revamping the way it reimburses its pharmacies for prescription medications, a move that could make prescription drug pricing simpler and change how much consumers pay for their medicines. It’s a similar model to the one entrepreneur Mark Cuban is pushing with his Cost Plus Drugs company. This shift in payment models could change the cost of prescription drugs for some patients, although it will not necessarily make all medicine cost less. Some drugs may cost less, while others might rise in price, CVS executives said. Americans spend around $1,200 a year on average for prescription drugs — more than any other country — according to the Organization for Economic Co-operation and Development.

Persons: Mark Cuban, ”, Prem Shah, Nick Fabrizio, Fabrizio, they’ve Organizations: New, New York CNN, CVS, Plus, CVS Pharmacy, CVS Health, Cornell University, Organization for Economic Co, Kaiser Family Foundation, Amazon Pharmacy, Cuban, Plus Drug, Blue Locations: New York, California

While over the years the pipeline's start date has been moved further back, supply has kept coming. Light synthetic crude from the oil sands, another key Canadian grade, is trading close to its deepest discount since 2020. With Canada exporting around 3.8 million bpd via pipelines, each additional dollar the discount widens amounts to millions in lost revenues for oil companies, analysts say. Conventional oil and gas producers will drill 8% more wells in 2024 to take advantage of greater access to pipelines including Trans Mountain. Rail exports hit 145,000 bpd in September, nearly doubling from May, according to latest data from the Canada Energy Regulator.

Persons: TMX, linefill, WCS, Martin King, It's, Heather Exner, Kevin Birn, Enbridge, James Davis ,, Jesse Jones, Jones, We're, John Zahary, Kent MacDougall, Nia Williams, Stephanie Kelly, Marguerita Choy, Denny Thomas, Simon Webb Organizations: Producers, Canadian, Canada, RBN Energy, Business Council of Canada, U.S ., P, ., Inc, Rail, Canada Energy Regulator, TMX, Altex Energy, Thomson Locations: Asia, British Columbia, Alberta, Canada, U.S . Canada

☆ CVS to change how it prices prescription drugs with new pharmacy reimbursement model
▼ + stars: | 2023-12-05 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

CVS Health on Tuesday said it will revamp how it prices prescription drugs and scrap a complex model that typically sets how much pharmacies get reimbursed and what patients pay for those medications. CVS' new model could change the cost of prescription drugs for some patients, but it will not necessarily make all medicine cost less, company executives said. Lynch told CNBC: "It's a cost plus markup, plus a fee. Billionaire Mark Cuban last year launched an online pharmacy that takes a similar approach to CVS' new reimbursement model. The company, called Cost Plus Drugs, aims to drive down the price of medicines broadly by selling them at a set 15% markup over their cost, plus pharmacy fees.

Persons: Karen Lynch, Lynch, Prem Shah, markups, Billionaire Mark Cuban, Cuban Organizations: CVS Health, CVS, CNBC, Billionaire

☆ How Mark Cuban forced the biggest US pharmacy to upend its business
▼ + stars: | 2023-12-05 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

The new program includes a set markup for medication costs, a step toward drug pricing transparency. The retailer has been facing pressure from new models like Mark Cuban Cost Plus Drugs. They've been especially focused on pharmacy-benefit managers and the lack of transparency around how much drugs cost. How Mark Cuban changed drug pricingCuban's pharmacy buys drugs directly from manufacturers and sells them to consumers at a 15% markup, plus pharmacy fees. AdvertisementBut the announcement looks to be a step in the right direction for drug pricing transparency.

Persons: —, Mark, Prem Shah, Mark Cuban, GoodRx, PBMs, Kroger, it's Organizations: CVS, Cuban, Plus, Service, Mark Cuban, Federal, US Federal Trade Commission, CVS Health, Kroger, Walgreens, Drug, Wall Street Locations: California

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