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Biden has eight months to fix his Michigan problem
  + stars: | 2024-02-28 | by ( Stephen Collinson | ) edition.cnn.com   time to read: +9 min
CNN —If the Democratic voters of Michigan – and a handful of other swing states – are feeling uncommitted in November, Joe Biden could lose reelection. Democratic primary voters in Michigan have the option to mark their ballot as “uncommitted.” In 2012, even President Barack Obama suffered 20,000 such defections. Four years later, Biden rebuilt the blue wall and carried Michigan by around 150,000 votes. Biden has dispatched campaign and White House aides to Michigan to try to explain his politics toward Israel. “The American president can’t say who he wants the prime minister of Israel to be,” Biden campaign official Mitch Landrieu told CNN as the results from Michigan rolled in.
Persons: Joe Biden, Tuesday’s, Israel –, Donald Trump, Biden, , Barack Obama, he’d, Trump, Nikki Haley, , Hillary Clinton, Gretchen Whitmer, Haley, Debbie Dingell, Ro Khanna, — Will, , Benjamin Netanyahu, Netanyahu, – –, can’t, ” Biden, Mitch Landrieu, didn’t Organizations: CNN, Democratic, Republican, Michigan, White, Arab, voters, Democratic Party, Trump, South Carolina Gov, GOP, Biden, of Health, Israel, Israeli, Democrats, Locations: Michigan, , Arab, Gaza, Israel, California, Palestinian, New Orleans
The New York Stock Exchange with a Hims & Hers Health, Inc banner is pictured as a person runs past in the Manhattan borough of New York City, New York, January 21, 2021. Hims & Hers is an online platform where patients can meet with providers and get personalized support for skincare, mental health, sexual health, weight loss and hair care. For the first quarter, Hims & Hers expects revenue growth of at least 40% from a year earlier to between $267 and $272 million. He said newer specialties like weight loss, mental health and Hers Dermatology are seeing increased adoption, and could each deliver more than $100 million in revenue in 2025. WATCH: Ro CEO on telehealth and the impact of weight loss drugs
Persons: They're, Andrew Dudum, Dudum, Jefferies Organizations: New York Stock Exchange, Revenue, Jefferies, Deutsche Bank Locations: Manhattan, New York City , New York
In the run-up to Michigan’s presidential primary on Tuesday, President Biden has stayed out of the state, where he is facing a campaign from liberal activists frustrated with his enduring support for Israel in the war in Gaza. But another Democrat jumped into the contentious debate tearing at the seams of the party’s coalition. Representative Ro Khanna of California last week assumed the unofficial role as mediator between Democrats disaffected by Mr. Biden’s Middle East policies and Biden allies like himself. He met with students, Arab American leaders and progressive voters, many of whom said they were, at least for now, withholding their support from Mr. Biden. “We cannot win Michigan with status quo policy,” Mr. Khanna, who has pushed for a cease-fire, said in an interview, adding that a shift should come in “a matter of weeks, not months.”
Persons: Biden, Representative Ro Khanna, Mr, Khanna, Organizations: Israel, Representative Locations: Gaza, California, Biden’s, Michigan
WASHINGTON (AP) — The Senate's border proposal was one of the toughest bipartisan bills to emerge on the issue in decades. Republicans have campaigned on border security for years, and public frustration is running high with the record number of illegal U.S. border crossings. Cruz’s likely Democratic opponent, Texas Rep. Collin Allred, said he’s already talking about the border deal on the campaign trail. Murphy agreed that Democrats should remain committed to broad immigration reforms, including pathways to citizenship for migrants who are already here. But he argued that may only be possible once Democrats first show voters they are serious about tough border enforcement.
Persons: , Donald Trump, Chuck Schumer, , Tom Suozzi, Schumer, New York “, Joe Biden, Biden, Sen, John Cornyn, Republicans aren’t, , Suzan, ” Schumer, Mike Johnson, ” Trump, He's, Republican Sen, James Lankford, Trump, Ted Cruz, Cruz, Mitch McConnell, Cruz’s, Collin Allred, he’s, ” Allred, doesn’t, Lois Clinco, “ I’m, Clinco, Connecticut Sen, Chris Murphy, Ro Khanna, ” Khanna, John F, Kennedy, Barack Obama, Todd Schulte, Murphy, Lisa Mascaro, Philip Marcelo Organizations: WASHINGTON, Republican, Republicans, Democratic, Texas Republican, Trump, Washington Democrat, Border Patrol, Democrats, Texas, Texans, New, New York City —, Rep, California Democrat, Associated Press Locations: New York, Texas, South Carolina, Long, Levittown, New York City, Connecticut, United States, California, America, Levittown , New York
Trump is giving every impression that his second term would be even more aberrant than his first, as he vows to use presidential power to exact retribution against his enemies. While a Biden vs. Trump race would be a rematch of 2020, it would not necessarily be the same. In Trump, voters can pick an ex-president facing 91 criminal charges who has been found liable for fraud, sexual battery and defamation in court. It also offered a potential roadmap to the substance and character of his possible second term. Why the 2020 election lineup may be locked inThe renewed focus on Biden’s age is likely to open another round of speculation about whether he could be replaced on the Democratic ticket.
Persons: Joe Biden, Donald Trump, Biden, Trump, he’s, Vladimir Putin, Nikki Haley’s, crave, Robert F, Kennedy Jr, , “ Donald Trump’s, Putin, ” Biden, Trump’s, , Florida GOP Sen, Marco Rubio, “ Donald Trump, ” Rubio, Charles Michel, Russia, Tucker Carlson, Manuel Balce Ceneta, Michael, He’s, Michael Haley, Nikki Haley, Arizona Sen, John McCain, Robert Hur’s, parry, Mandel Ngan, gaffes —, , Ro Khanna, Jake Tapper, Biden’s missteps, Haley, Nancy Pelosi, he’d, Dean Phillips, Kamala Harris, Harris Organizations: CNN, Oval, Biden, Trump, NATO, White, Florida GOP, Foreign Relations, Union, European Council, GOP, ABC, Getty, ” Democratic, Democratic, Democratic Party Locations: South Carolina, Russia, NATO, Europe, miscalculations, Moscow, Ukraine, Poland, Baltic States, Florida, “ State, Russian, Conway , South Carolina, Africa, Arizona, Vietnam, Egypt, Mexico, AFP, California, reunifying
Biden’s reelection campaign has repeatedly declined to commit to joining debates with Trump, his likely opponent in the November general election. Trump, meanwhile, has feuded with the Republican National Committee and refused to join its primary debates. In 2020, he objected to the rules of the nonpartisan commission that has hosted general election debates since 1976. Lowering his voice to a whisper, Coons said: “That was bad.”He then questioned whether a general election debate this year would be worth it. “But this is ultimately a judgment call for President Biden."
Persons: — Nikki Haley, Donald Trump, Trump, Joe Biden, Biden, Biden’s, There's, Sen, Chris Coons, Chris Wallace, Coons, ” Coons, Richard Nixon, John F, Kennedy, didn’t, Frank Fahrenkopf, it's, , , it’s, There’s, Ro Khanna, ” Khanna, Haley, Ron DeSantis, ” Trump, Dan Bongino, Biden “, ” Biden, He’s, Quentin Fulks, ” Fulks, Fulks, ” Sen, Mitt Romney, Barack Obama, ” Romney, President Trump, Trump's, Katie Hobbs, Kari Lake, ” Hobbs, that's, Patrick Stewart, ” Stewart, Jacob Thompson, ” ____ Gomez Licon, Jonathan J, Cooper, Darlene Superville, Jill Colvin Organizations: WASHINGTON, Republican National Committee, Biden, Trump, RNC, League of Women Voters, Commission, , Republican, “ Trump, Florida Gov, CNN, Arizona Gov, University of Arkansas, , Associated Press Locations: Chris Coons of Delaware, United States, Alabama, Iowa, Utah, United States of America, Arizona, Knoxville , Tennessee, Las Vegas, Miami, Phoenix, New York
Democrats insist Joe Biden's mind is fine following Robert Hur's special counsel report. Hur declined to file charges but questioned Biden's memory in his report. The report by special counsel Robert Hur was released following his investigation into Biden's handling of classified documents. However, he described Biden's memory as "poor" at times, even bringing up details regarding the May 2015 death of his son, Beau Biden. The most difficult part about a meeting with President Biden is preparing for it, because he is sharp, intensely probing and detail oriented and focused."
Persons: Joe Biden's, Robert Hur's, Hur, Biden, , Joe Biden, Robert Hur, Beau Biden, Ro Khanna, he's, Khanna, Jen Psaki, Biden's, Psaki, gaffes, Alejandro Mayorkas, hasn't, Mayorkas, Donald Trump Organizations: Service, Democratic, California, CNN, MSNBC, White House, NBC, Press, of Homeland, Republican Locations:
The $7 billion healthcare startup Ro, which has been prescribing brand-name weight-loss shots since January 2023, now offers compounded semaglutide to patients enrolled in its weight-management program. Nonetheless, Ro is the first prominent healthcare company to effectively endorse compounded semaglutide by prescribing it. A poor-quality compounded drug might simply be a dud and a waste of money. But while compounding pharmacies are subject to FDA and state regulations, states are the main regulators, and their oversight is patchy. Michael Siluk/UCG/Universal Images Group via Getty ImagesIt's hard to know if any given vial of compounded semaglutide is safe.
Persons: Wegovy's, Ro, drugmakers, Eli Lilly's, Eli Lilly's Mounjaro, Scott Gottlieb, Michael Siluk, That's, they've, Ozempic, Eli Lilly, Eric Kastango, they're, Kastango, aren't, Al Carter, Sarah Jones Simmer, Spencer Nadolsky, WeightWatchers, Tim Church, Wondr, it's, hasn't Organizations: Business, Novo Nordisk's Wegovy, US Food and Drug Administration, FDA, Novo Nordisk's Ozempic, Getty, Novo Nordisk, USP, National Association of, Pharmacy, Health Locations: Novo, Massachusetts, Austria, New York City
When Rep. Dean Phillips first began making noise about launching a quixotic presidential campaign, the mood among House Democrats might have best been described as anger and disbelief. Since launching his campaign, Phillips has generally been absent from Capitol Hill, effectively cutting down Democrats' ranks by one seat. AdvertisementOn Wednesday evening, Sen. Tina Smith made light of her Minnesota colleague's recent struggles in a video message to the Congressional Dinner, an annual gathering of reporters and lawmakers. At first, Phillips's campaign seemed to constitute a real threat to Biden, even if he was unlikely to actually defeat him. In a statement for this story, a Phillips spokesperson chastised his Democratic colleagues who now speak ill of him.
Persons: Dean Phillips, Sydney Kamlager, Dove, Axios, Phillips, Joe Biden, Sen, Tina Smith, Smith, Biden, Donald Trump, Maxwell Frost of Florida, — Phillips, Brendan Boyle, Alexandria Ocasio, Cortez, Dean's, Tom Williams, Angie Craig, Craig, wouldn't, Phillips's, we've, Dean, Jim Clyburn, Zach Gibson, Mark Pocan, Ro Khanna, Khanna, it's Organizations: Trump, Rep, Sydney, California congresswoman, Democratic, Capitol Hill, Biden, New, Democrats, Minnesota Democrat, Democratic Party, Twitter, South Carolina Democratic Party, California Locations: California, Minnesota, New Hampshire, Alexandria, New York, lockstep, South, Wisconsin
Read previewDemocratic Rep. Alexandria Ocasio-Cortez of New York has long been vocal about the need for members of Congress to get a pay bump. "I've been saying this for some time," Ocasio-Cortez told BI this week. "We need to raise the minimum wage, we need to make childcare financially viable, and we need to do that for every American," she said. Yet polling suggests that the public largely opposes a raise for members of Congress, and plenty of lawmakers — including progressives — argue against it. Advertisement"People who make great contributions to America don't do it for the money," Democratic Rep. Ro Khanna of California told BI this week.
Persons: , Alexandria Ocasio, Cortez, Patrick McHenry, I've, Ro Khanna Organizations: Service, North Carolina Republican, Dispatch, Business, New, Senate, Democratic, California Locations: Alexandria, Cortez of New York, New York, Washington, America
Tensions in the Red Sea have been increasing for weeks, culminating in air strikes from the U.S. and its allies on Houthi-controlled areas in Yemen early Friday local time. What Has Been Happening in the Red Sea? As of Thursday, the Houthis have launched 27 attacks on ships in the Red Sea and the Gulf of Aden that they claim were linked to Israel. Reactions to the Air StrikesThe Houthis vowed to keep attacking ships in the Red Sea after the airstrikes. Container shipping company Maersk CEO Vincent Clerc told the Financial Times that re-establishing safe passage through the Red Sea could take months.
Persons: Lloyd Austin, , Joe Biden, Biden, , , Yahya Saree, Nasser Kanaani, Ro Khanna, Chip Roy, Sen, Rick Scott of, Vincent Clerc Organizations: Hamas, U.S, Central Command, Air Force, Houthis, Air, Political, , Democrat, Republican, California, Biden, Terrorists, Trade, Container, Maersk, Financial Times, Kiel Institute Locations: U.S, Yemen, Red Sea, Iran, Israel, Austin, United States, Australia, Bahrain, Canada, Denmark, Germany, Netherlands, New Zealand, Republic of Korea, United Kingdom, Red, Sanaa, Saudi Arabia, Middle, Lebanon, Hamas, Gaza, Aden, Gulf of Aden, Brig, British, Texas, Rick Scott of Florida, Europe, Asia, South Africa
With a salary of $174,000 per year, members of Congress make more than 80% of American households. Stunted salary growth and limited perksThe salaries for members of Congress haven't budged in nearly 15 years. Historically, Democrats have been more willing to push for higher pay for members of Congress, including Rep. Alexandria Ocasio-Cortez of New York. For simplicity's sake, let's put the number at $274,000 — a $100,000 raise for members of Congress. Nor is jacking up lawmakers' salaries likely to be a panacea that solves every problem in a troubled institution.
Persons: that's, , It's, David Schweikert, we're, Daniel Schuman, reimbursements, Schuman, Patrick McHenry of, — he's, he's, Republican Sen, Mitt Romney, who've, Democratic Sen, Elizabeth Warren of, Alexandria Ocasio, Cortez, Steny Hoyer, Dan Kildee of, who's, Kildee, Sen, Elizabeth Warren, Kent Nishimura, Maxwell Frost of Florida, Deb Fischer, Nebraska, JD Vance, Ohio, Ro Khanna, Tom Williams, Chip Somodevilla, Vance, Khanna, Gregg Harper, Harper, I'm, Warren, let's Organizations: Service, DC, Arizona, Business, POPVOX, budged, Senate, Republican, Democratic, Getty, United States Senate, , Bureau of Labor Statistics Locations: Washington, Arizona, multimillionaires, Patrick McHenry of North Carolina, Utah, Elizabeth Warren of Massachusetts, Alexandria, Cortez of New York, Cortez, Dan Kildee of Michigan, DC, Ohio, California, America, Mississippi
After spending the past two years trying to get inflation under control by raising interest rates, the Fed is inching toward cutting rates soon. Setting interest rates should be about weighing costs and benefits for everyone, not engineering outcomes for a favored constituency. When people (usually those with a vested political interest) try to accuse the Fed of being biased, it erodes confidence. The real reason for the accusationsThe entire conspiracy theory about a political Fed is weak on its face and baseless on its merits. What makes anyone so sure they'll fare better in 2024 with the rate of inflation slowing, interest rates falling, and stocks rising?
Persons: there's, it's, Joe Biden's, Jerome Powell, Donald Trump, Biden, It's, Trump, Ro Khanna, Powell, Taylor, Bill Dudley, Dudley, Dudley's, Chris Waller Organizations: Federal Reserve, Fed, Democratic, Trump, Biden, New York Fed Locations: Canada, Australia, Japan
Dozens of startups have jumped into the weight-loss market this year as weight-loss drugs, including Wegovy and Ozempic, have exploded in popularity. The few companies with enough money and brand recognition to stand up to Ozempic's distribution challenges — WeightWatchers, Noom, and Ro — can expect to compete for market dominance next year. But WeightWatchers signaled it's going all in on weight-loss drugs by launching its own behavioral program for patients on Ozempic in December. WeightWatchersLike WeightWatchers, Noom has remained staunchly in the weight-loss market since its 2008 launch. Ro launched its own program prescribing weight-loss drugs in January.
Persons: VCs, — WeightWatchers, Sari Kaganoff, WeightWatchers, it's, Sima Sistani, Noom, Ro, Zach Reitano, Kaganoff, Saeju Jeong, Sam Barnes, Aaron DeGagne Organizations: Business, Rock Health, Web, Getty, PitchBook Locations: Ozempic
Read previewWith the Ozempic craze in full swing, investors are getting picky about the weight-loss startups they want to back. Kaganoff predicted that in the new year some startups prescribing GLP-1s would invest more money in studies using real-world evidence to show their programs work. And despite the Ozempic frenzy, weight-loss startups captured a tiny fraction of the money invested this year. Investors had put about $211 million toward weight-loss startups through mid-November, representing about 3% of digital-health funding over that period, according to PitchBook. Alfie HealthSome unlikely sectors of the healthcare industry stand to benefit from the growth of the weight-loss market.
Persons: , Sari Kaganoff, Crystal Cox, Kaganoff, Ro, VCs, Michael Greeley, Alyssa Jaffee, 7wireVentures, she's, she'd, Mounjaro, Mercer, Michael Siluk, PitchBook, Alfie Health, it's, Alfie's cofounders, Aaron DeGagne, Jordan, he'd, DeGagne, There's Organizations: Service, Business, Rock Health, Flare Capital Partners, Getty, Employers, Health, Investors, Phenomix Sciences, Mayo Clinic, PitchBook, Tusk Venture Partners, Sword Health Locations: GLP
For an incumbent president, primary races -- the state-by-state competitions that nominate a political party's official presidential candidate -- are normally a perfunctory affair. Pro-Biden Democrats' volunteer-focused effort, with just a $100,000 budget, will encourage primary voters to put Biden's name on the New Hampshire ballot. Lyndon B. Johnson, then the Democratic incumbent, shunned the New Hampshire primary in 1968 due to over-confidence, only to see an insurgent campaign from Minnesota, U.S. Biden write-in organizers have largely settled on asking voters to write in "Joe Biden," but believe that other names like "President Biden" and "President Biden and Vice President Harris" satisfy a state law that says to count the vote if the reasonable intent of the voter is clear. "They're gonna use this as a way to say, look, we are good Democrats and organized this to protect President Biden," Smith said.
Persons: Joe Biden, Jonathan Ernst, Joe Biden's, Ro Khanna, Dean Phillips, Phillips, Khanna, it's, Biden, Andrew Smith, Lyndon B, Johnson, Eugene McCarthy, PHILLIPS, Marianne Williamson, Jeff Weaver, Bernie Sanders, Mickey Mouse, Harris, Dave Watters, Sanders, Elizabeth Warren, Pete Buttigieg, Barack Obama, Smith, Jarrett Renshaw, Heather Timmons, Alistair Bell Organizations: Portsmouth Port Authority, REUTERS, Biden Democrats, New, Democratic Party, Biden doesn't, The University of New, Democratic, U.S, Thomson Locations: Portsmouth, Portsmouth , New Hampshire, U.S, California, Minnesota, New Hampshire, The University of New Hampshire, Vietnam, South Carolina, United States
When Hims & Hers launches its new weight-loss program, the digital-health company won't be joining in on the Ozempic craze, its CEO, Andrew Dudum, said. While pricey drugs like Ozempic and Wegovy have exploded in popularity this year for their potential to help people lose weight, Hims & Hers plans to offer cheaper generic medications for weight loss, at least initially. Ro's weight-loss program was fueling fast growth for the startup this year, but some patients struggled with insurance denials and delays in communication with Ro. Dudum said during the company's third-quarter earnings call that Hims & Hers expected weight management to be "an extraordinarily valuable category." Next year, in addition to launching its weight-loss program, the company plans to expand its new AI engine, which it's been beta testing in its psychiatry patients.
Persons: Andrew Dudum, Dudum, It's Organizations: Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Ro Khanna on OpenAI fallout: The board should tell us what the safety concerns wereRep. Ro Khanna (D-Calif.) joins 'Squawk Box' to discuss Washington's agenda for the rest of the year, latest developments in the Israel-Hamas war, AI regulation, and more.
Persons: Ro Khanna Locations: Israel
The 1976 book “The Hite Report” was a bestseller from the beginning. And it made its author, Shere Hite, a deeply polarizing public figure. But cultural memory can be short, especially when it comes to pioneering feminists — even ones who have sold 50 million books. “We love Shere Hite!” Newnham recalled Johnson and her producing partner Ro Donnelly responding. Seeing Hite walk out of an interview was not uncommon, especially after the publication of “The Hite Report on Male Sexuality” in 1981, which proved even more divisive.
Persons: , Shere Hite, Hite, Erica Jong, , she’d, Nicole Newnham, Oscar, Newnham, Dakota Johnson, ” Newnham, Johnson, Ro Donnelly, Organizations: Playboy, The New York Times, IFC Films, , NBC News Studios, TeaTime Pictures, Schlesinger Library, Radcliffe Locations: U.S, The, decamped, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Ro Khanna: People should not be paying to get an audience with Xi JinpingHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Ro Khanna, Xi Jinping, Brian Sullivan, Organizations: CNBC
But few outsiders are confident that the off-year wins will necessarily lead to Biden’s reelection or broader Democratic success next year. And Ohio Democrats don't expect Biden to compete in the state next year. To Biden aides, the results validated the strategy of sharpening the contrast with “MAGA Republicans” that helped Democrats outperform expectations in 2022. At the Chicago fundraiser, Biden noted that Beshear won reelection while “running on all the programs that were Biden initiatives.”Beshear kept some distance from Biden the day after he won. Jim Messina, who managed Barack Obama’s successful reelection against Republican Mitt Romney in 2012, said the Biden campaign does not need to change its tactics.
Persons: Joe Biden, Biden, romped, Donald Trump, Republican overreach, , Nina Turner, Sen, Bernie Sanders, Turner, John Yarmuth, he's, , ” Yarmuth, Yarmuth, Biden’s, “ We’ve, ” Julie Chavez Rodriguez, they’re, “ MAGA, “ MAGA Republicans ”, Tuesday's, Andy Beshear, Daniel Cameron, Cameron, Cameron's, Beshear, ” Beshear, it’s, Dan McCaffery, Glenn Youngkin, Jim Messina, Barack Obama’s, Republican Mitt Romney, Obama, ” Messina, Nikki Haley, Romney, Messina, “ you’re, Ro Khanna, Bernie Sanders ’, ” Khanna, Ed Rendell, Rendell, ” Rendell, Zeke Miller, Emily Swanson, Bruce Schreiner Organizations: WASHINGTON, Associated Press, Democratic, Republican, Biden, Trump, “ MAGA Republicans, White, Chicago, Virginia, statehouse, Republican Gov, Locations: Chicago, Kentucky , Virginia , Ohio, Pennsylvania, Ohio, an Ohio, Ky, Kentucky, Kentucky’s, , Washington, Frankfort , Kentucky
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Gallagher: A world where China dominates critical technologies is a very dark, dystopian worldHouse Select Committee on China Chairman Rep. Mike Gallagher (R-Wis.) and Member Rep. Ro Khanna (D-Calif.) join 'Squawk Box' to discuss the state of the A.I. race with China, impact of U.S. semiconductor export controls, other policy issues facing Congress, and more.
Persons: Gallagher, Mike Gallagher, Ro Khanna Locations: China
But those reports are now at odds with initial American intelligence, which subsequently concluded that the Israel Defense Forces were not responsible for the explosion. The dispute has laid bare long-standing and increasingly passionate disagreements among congressional Democrats over the party’s relationship with Israel – and, now, how to position the party as the deadly conflict in Israel and Gaza escalates. “That’s a vile position to take,” Florida Rep. Debbie Wasserman Schultz told CNN, suggesting that Tlaib should review intelligence made available to House members. “That’s what’s been really painful – just continue to watch people think it’s OK to bomb a hospital, where children,” Tlaib said. “It’s truly disturbing that Members of Congress rushed to blame Israel for the hospital tragedy in Gaza,” Fetterman wrote.
Persons: Rashida, Israel, Israel –, Joe Biden, Alexandria Ocasio, Cortez, Ro Khanna, , Debbie Wasserman Schultz, Jared Moskowitz, Hakeem Jeffries ’, Ilhan Omar, Jeffries, Biden, Israel’s, “ That’s what’s, ” Tlaib, , we’re, , we’ve, Tlaib, Pennsylvania Sen, John Fetterman, ” Fetterman, Omar, , Steny Hoyer, ” Hoyer, Ocasio Cortez, Ayanna Pressley, it’s, Nancy Pelosi, Cori Bush, ” Bush Organizations: CNN, Democrats, Capitol, Michigan Rep, Israel Defense Forces, Israel, New York Rep, California Democrat, , Minnesota, Michigan Democrat, Democrat, intel, Pennsylvania, Democratic, Maryland Democrat, Progressives, House Democratic Caucus, Missouri Rep Locations: Gaza, Israel, Alexandria, California, Palestinian American, ” Florida, Florida, Tlaib, Michigan, United States, , Maryland, Massachusetts
Execs at a healthcare conference debated whether employers should pay for workers' weight-loss drugs. A Blackstone exec warned that the costly GLP-1 drugs could put some employers out of business. Panelists agreed that companies covering the drugs should do so as part of a broader support program. Andreas Mang, the CEO of Equity Healthcare, a division of Blackstone, said spending on these diabetes and weight-loss drugs, known as GLP-1 agonists, spiked 600% across Blackstone's portfolio in the last four years. The benefits firm Aon recently projected that employers' health-insurance costs will climb 8.5% next year, fueled in part by weight-loss drugs.
Persons: Blackstone, Andreas Mang, they're, Melynda Barnes, Lucia Guillory, Li Shao, Shao, Omada, We've, They're Organizations: Blackstone, Equity Healthcare, GLP, Getty, Wei, Omada, Pharmaceutical Locations: Las Vegas, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailModerate Republicans could form coalition with Hakeem Jeffries for House Speaker, says Rep. Ro KhannaHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Hakeem Jeffries, Ro Khanna, Brian Sullivan, Organizations: CNBC
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