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☆ Hungry at 3 am? You’re out of luck now
▼ + stars: | 2024-04-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

Not even all of 24 Hour Fitness’ gyms — the promise is right in its name — are 24 hours. The city that never sleeps, New York, has lost 13% of its 24-hour restaurants. Around half of IHOP’s 1,800 locations are back to being open 24 hours on Friday and Saturday, at the very least. Ed Endicott/Alamy Stock Photo/FilePete’s was open 24 hours, seven days a week from the 1990s until the pandemic hit in 2020. Despite the signage, Mi Tierra is no longer open 24 hours in San Antonio, Texas.

Persons: hasn’t, Waffle, ”, Alex Barakos, Ed Endicott, Pete’s, Barakos, “, Hudson Riehle, Edward Hopper’s, Harold, Kumar Go, Stephen Zagor, Pete Cortez, Michael Silver Geo, “ There’s, ” Cortez, ’ ” Cortez Organizations: New, New York CNN, Walmart, Hollywood, Alamy, Bureau of Labor Statistics, “, National Restaurant Association, Edward Hopper’s Nighthawks, Columbia Business School, of Locations: New York, Covid, Los Angeles, Chicago, Denver, Philadelphia, White, ”, New York City, San Antonio, Mi, San Antonio , Texas, Tierra, tuxedos

☆ Caitlin Clark will head to the WNBA at a critical moment for the league
▼ + stars: | 2024-04-05 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

The WNBA, still emerging entering its 28th season, hopes Caitlin Clark can achieve what those athletes did and turn the league into a cultural phenomenon. WNBA players’ salaries also lag behind. Turning Clark fans into WNBA fansClark is already having an impact on the WNBA. “The need by WNBA teams to invest in fan acquisition and fan engagement is really critical to maximize this moment,” she said. Bebeto Matthews/APThe league was financially connected to the NBA, and each of the first eight WNBA teams was linked to an NBA franchise.

Persons: Woods, Venus Williams, Michael Jordan, Caitlin Clark, ”, Boris Lelchitski, Candace Parker, Jonquel Jones, ” Clark, Angel Reese, Clark, Reese, “, Phil Cook, Gregory Fisher, Nielsen, “ Caitlin Clark, Noah Henderson, Cathy Engelbert, “ We’ve, Erica Denhoff, Jessica Gelman, Gelman, David Stern, Lisa Leslie, Sheryl Swoopes, Rebecca Lobo, Bebeto Matthews, Terri Jackson, ” Donna Orender, Orender, ” Engelbert, Cameron Brink, ’, “ Clark, Donna Orender Organizations: New, New York CNN, NBA, WNBA, Indiana Fever, NCAA, University of Iowa, Louisiana State University, Tiger, USA, Sports, Reuters, Loyola University, CNN, LSU, WNBA's Indiana, Kraft Analytics Group, MIT Sloan Sports Analytics, Nielsen, Brands, Gatorade, State, longtime, Olympics, Basketball Players Association, Deloitte, Kraft Analytics Locations: New York, Chicago, Iowa, USA, Atlanta, San Francisco

☆ Amazon’s cashier-less technology was supposed to revolutionize grocery shopping. It’s been a flop
▼ + stars: | 2024-04-03 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

But now, Amazon is walking back its “Just Walk Out” technology at its grocery stores, reining in grand promises of an automated, friction-less checkout. Customers just haven’t bought into cashier-less technology, especially in grocery stores where they purchase larger quantities and face extra tasks such as weighing produce. Customers entered Fresh stores using Amazon One palm recognition, the app or a credit or debit card. Amazon Fresh strugglesThe tech giant opened its first Amazon Fresh store in 2020, and has more than 40 locations across the US. But Amazon Fresh has faced setbacks since it debuted, including challenges getting shoppers to buy groceries in its Amazon Fresh grocery stores, and it laid off workers.

Persons: Amazon, haven’t, ”, they’ve, Andy Jassy, “ We’ve, Nathaniel Meyersohn, Moira Ritter Organizations: New, New York CNN, Amazon, Fresh, CNN, Dollar, Walmart, Costco, Foods Locations: New York, India, Washington, Chicago, Southern California

☆ New York closes bridges for its marathon. Runners should pay for the unpaid tolls, the MTA demands
▼ + stars: | 2024-04-03 | by ( Jeff Winter | ) edition.cnn.com time to read: +2 min

“New Yorkers love Marathon Sunday, but taxpayers cannot be expected to subsidize a wealthy non-government organization like the New York Road Runners to the tune of $750,000,” MTA Bridges and Tunnels President Catherine Sheridan said in a statement. The New York Road Runners, which organizes the race, says that the marathon already generates millions of dollars for the city’s economy, and that the amount MTA proposed would make the race less affordable. “We value our partnership with all the City and State agencies that allow us to stage all of our events, including the marathon,” NYRR said in a statement. The MTA recently voted to approve congestion pricing in New York City, making it the first US city to charge such a toll. Despite the approval and expected implementation of the tolling plan, multiple lawsuits, such as one spearheaded by New Jersey Gov.

Persons: Catherine Sheridan, ” NYRR, Kathy Hochul’s, Phil Murphy, CNN’s Nathaniel Meyerson Organizations: CNN, Metropolitan Transit Authority, York, New, MTA, City and State, Gov, New Jersey Gov Locations: Brooklyn, New York City

☆ Chair Powell says the Fed isn’t more tolerant of higher inflation. Some economists disagree
▼ + stars: | 2024-03-31 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Some economists interpreted that as a sign that the Fed is now more tolerant of higher inflation. Powell pushed back on the perception that the central bank has grown more comfortable with inflation being higher for longer than expected in his post-meeting news conference. and my sense coming out of this month’s meeting was that Fed Chair Powell wants to get this easing cycle going sooner rather than later. What’s allowing the Fed to be patient or more tolerant of higher inflation? They’re willing to essentially look through some of the bumpiness in the inflation data at the beginning of the year.

Persons: Jerome Powell, That’s, Powell, “, ” Powell, “ We’re, Mohamed El, Erian, ”, Bell, Lydia Boussour, they’re, What’s, we’ve, Nathaniel Meyersohn, Read, Levi Strauss, Tupperware Organizations: Washington CNN, Federal Reserve, Financial Times, Fed, Home Depot, Home, P Global, Institute for Supply Management, Maine Foods, Dave, Buster’s Entertainment, US Labor Department, US Commerce Department, Stanford University Locations: EY, Cal

☆ 1 in every 13 bridges in America is in ‘poor’ condition. Thousands could collapse from a collision
▼ + stars: | 2024-03-30 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

A container ship colliding into the Francis Scott Key Bridge in Baltimore is drawing attention to potential vulnerabilities among some of America’s more than 600,000 bridges. The Key Bridge stood for 47 years, and in that time it never received the sort of jolt that anyone could have thought would bring it down. Extreme weather events, increasingly heavy trucks and collisions from larger container ships pose significant risks to US bridges, engineers and other infrastructure experts say. The Key Bridge was “fracture critical,” the National Transportation Safety Board said Wednesday. To minimize the potential of ships bringing down bridges, bridges need to be built with what are known as redundancies— protections around bridges’ danger points.

Persons: Francis Scott Key, Dali, Ananth Prasad, Prasad, ”, Jessie Yeung, Curt Devine, Casey Tolan, Isabelle Chapman Organizations: American Society of Civil Engineers, Congressional Research Service, National Transportation Safety, World Association, Transport Infrastructure, Florida Transportation Builders ’ Association, CNN Locations: Baltimore, America, United States, China, Argentina, Florida

☆ The home insurance market is crumbling. These owners are paying the price
▼ + stars: | 2024-03-29 | by ( Nathaniel Meyersohn | Anna Bahney | ) edition.cnn.com time to read: +9 min

Courtesy Victoria ZangaraIn the past, acquiring or keeping homeowners’ insurance didn’t present much of a problem. There was roughly a 10% to 12% increase in homeowners’ insurance costs last year in the United States, said Mark Friedlander, spokesperson for the Insurance Information Institute, a nonprofit industry association. Jim Watson/AFP/Getty ImagesHomeowners who have a mortgage are not able to go without homeowners insurance as their mortgage servicer will require an escrow account for insurance. Some 6 million homeowners chose to forgo homeowners insurance, according to a report from the Consumer Federation of America. They have lived in their home for 19 years and had a policy with Foremost Insurance, paying about $1,910 a year.

Persons: Alfredo Herrera, Herrera, Zangara, “, ”, ” Herrera, policyholders, Mark Friedlander, Neil Fernandes, Fernandes, David Swanson, Matthew Carletti, Jim Watson, Diana Troxell, Diana Wright Troxell, Bruce, ” CNN’s Ella Nilsen Organizations: New, New York CNN, Louisiana Citizens, ”, National Oceanic, Atmospheric Administration, Louisiana State University, Insurance Information Institute, Farmers Insurance, Farmers, AAA, CNN, Firefighters, Reuters, State, Citizens Property Insurance, JMP Securities, Getty, Homeowners, Consumer Federation of America, CFA, Social Security, Foremost Insurance, California FAIR, FAIR Locations: New York, New Orleans, City, Louisiana, New Orleans , Louisiana, America, United States, Santa Clarita , California, California, Florida, Sycamore, Whittier , California, AFP, Cottonwood , California, ‘

☆ Who ends up holding the bag for the Baltimore bridge collapse?
▼ + stars: | 2024-03-28 | by ( Catherine Thorbecke | Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

Marine insurance companies will be on the hook for much of the costs. These insurance companies are backed by insurance companies of their own – a type of business known as a reinsurer. The potential cost of insurance claims from the bridge collapse could be between $1 billion and $3 billion, analysts at Barclays wrote in a note Wednesday. “But other than that, the economic impact of what has happened will be enormous, but not recoverable from the ship,” Davies said. Maryland lawmakers, meanwhile, are drafting an emergency bill to provide income replacement for Port of Baltimore workers impacted by the bridge collapse.

Persons: Baltimore’s Francis Scott Key, ”, John Miklus, Dali, Brendan Holmes, Miklus, Loretta Worters, Worters, Martin Davies, ” Davies, Joe Biden, Francis Scott Key, it’s, ” Biden, Scott Olson, Davies, Bill Ferguson Organizations: New, New York CNN, American Institute of Marine Underwriters, “, Barclays, Grace Ocean, Britannia, Indemnity, International Group, International, CNN, Insurance, Costa, Maritime Law Center, Tulane University, “ Maersk, Federal Highway Administration, Infrastructure Investment, Jobs, Biden, . Workers, Robins, Repair, Port, Maryland Locations: New York, Singapore, Costa Concordia, Italy, Danish, Baltimore , Maryland, Maryland, Baltimore

☆ What Home Depot’s $18 billion deal says about its strategy
▼ + stars: | 2024-03-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —In its largest acquisition ever, Home Depot is expanding its business targeting professional contractors and builders as the home fixer-upper market stalls. SRS, which will operate independently, Home Depot noted, has 760 warehouses and more than 4,000 trucks to deliver its goods. Home Depot in recent years has purchased other businesses targeting professionals who undertake both complex and simple housing projects. Home Depot’s push for pro customers comes as its DIY customers have slowed their spending. Home Depot expects the SRS acquisition, accomplished through a mix of cash and debt, to be completed by the end of the year, but it could face regulatory hurdles.

Persons: Billy Bastek, Lina Khan Organizations: New, New York CNN, Home Depot, Home, Depot, Federal Trade, Meta, Microsoft, Kroger Locations: New York

☆ Why Costco’s hot dog is still $1.50 when everything has gotten so expensive
▼ + stars: | 2024-03-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

If Costco’s hot dog deal kept pace with inflation, it would be three times as expensive today — nearly $4.50. ‘If you raise the effing hot dog, I will kill you’Costco’s hot dog defied inflation from the very start. Costco’s hot dog offering was born in the company’s early days. Realizing the importance of the low-priced hot dog, the chain brought production in-house and switched to its own Kirkland Signature brand. Jim Sinegal, Costco’s co-founder, once told the company’s former CEO Craig Jelinek, “If you raise the effing hot dog, I will kill you.

Persons: ”, Scott Mushkin, Richard Galanti, Gus Faucher, Kirkland, Jim Sinegal, Costco’s, Craig Jelinek, “, ” Sinegal Organizations: New, New York CNN, Costco, Bureau of Labor Statistics, R5, Federal Reserve, PNC Financial Services, Seattle Times Locations: New York, Portland , Oregon

☆ Why Nike wants to make Air Force 1 sneakers harder to find
▼ + stars: | 2024-03-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —Nike Air Force 1 and Nike Pegasus sneakers are everywhere. The Air Force 1 and Pegasus are staples of Nike’s sneaker lineup, and some of Nike’s oldest sneaker lines. The Air Force 1’s are known for their all-white design, while the Pegasus have large Nike swooshes on their mid-sole. “We are pulling back supply of classics such as the Air Force 1, and we’re reducing supply of Pegasus.”Nike’s moves could also make it harder for consumers to find traditional white Air Force 1 sneakers and Pegasus versions at shoe stores. Sneaker collectors focus on limited-edition and special collaboration lines — not mass market lines like Air Force 1, he said.

Persons: Matthew Friend, “, ”, Christopher Burns, Burns, Nike, Randal Konik, Joe Biden, Locker Organizations: New, New York CNN, Nike Air Force, Nike Pegasus, Nike, Air Force, Pegasus, Arch USA, Jefferies, Consumer, White, Dick’s Sporting Goods Locations: New York, French

☆ Presidential election or not, economists say, the Fed will cut interest rates in the fall if it must
▼ + stars: | 2024-03-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Fed officials have said they will begin to cut rates whenever they have “gained enough confidence” that inflation is under control. The Bank of Japan announces its latest interest rate decision. The Reserve Bank of Australia announces its latest interest rate decision. The Federal Reserve announces its latest interest rate decision and releases a fresh set of economic projections, followed by a news conference featuring Chair Jerome Powell. The Bank of England announces its latest interest rate decision.

Persons: Wall Street’s, “, ” Kathy Bostjancic, ”, Jerome Powell, ” Powell, Fed hasn’t, Nathaniel Beck, Elizabeth Warren of, Powell, lambasting, Donald Trump, reappoint Powell, ” Kayla Bruun, David Goldman, Anna Bahney, Cowen, Lennar, Mills Organizations: CNN Business, Bell, Washington CNN, Federal Reserve, Fed, Nationwide, CNN, Elizabeth Warren of Massachusetts, Democratic, Republican, Morning, National Association of Realtors, NAR, Realtors, Toll Brothers, National Association of Home Builders, Bank of Japan, Reserve Bank of Australia, US Commerce Department, Micron Technology, Prudential, Accenture, Nike, FedEx, lululemon, Darden, Academy Sports, Bank of England, US Labor Department, Global Locations: Washington, Wells Fargo

☆ Why your doctor’s office is spamming you with appointment reminders
▼ + stars: | 2024-03-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

Prepare to be hounded with appointment reminders by phone. But now, medical practices are flooding patients with reminders of upcoming appointments — and warnings of cancellation penalties. The financial pressure for medical practices to keep patients from ghosting them is a major factor. But the notifications are getting worse because new software systems enabled medical providers to send automated messages to patients. The more reminders providers send, Kharraz said, the more patients tune them out.

Persons: ”, Oliver Kharraz, ” ZocDoc, Kharraz, “, Ron Holder, “ We’ve, Emily Kagan Trenchard, Northwell, ZocDoc Organizations: New, New York CNN, Medical Group Management Locations: New York

☆ 1,000 dollar stores are closing. These cities have revolted against them for years
▼ + stars: | 2024-03-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

But critics of Family Dollar and other dollar store chains’ business practices like Hall-Harper say the closures highlight the risks of communities relying too heavily on dollar store chains. Hall-Harper has led Tulsa’s effort to restrict the growth of the three major dollar store chains — Family Dollar, Dollar Tree and Dollar General — in the predominately Black area of North Tulsa. Dollar General said it regularly hears from communities and customers asking it to bring a Dollar General store to their hometown. Backlash to dollar storesDollar General, Dollar Tree and Family Dollar have spread rapidly since the Great Recession, opening more than 15,000 small stores. US regulators reached a settlement last year with Dollar Tree over hazardous conditions in Dollar Tree and Family Dollar stores.

Persons: Vanessa Hall, Harper, “ I’ve, —, ”, Dollar, Critics, Blaine Griffin, Meijer, Stacy Mitchell, ” Mitchell Organizations: New, New York CNN, CNN, Dollar, Tulsa, Institute of Local, Chicago City, University of Toronto, UCLA, United States, Local, Research, University of Georgia, Cleveland City, Walmart, Target, Agriculture Department, Institute for Local, Federal Trade Commission, FTC, Kroger, Albertsons Locations: New York, Tulsa , Oklahoma, North Tulsa, Tulsa, Tulsa ; Cleveland ; New Orleans, Birmingham , Alabama, Fort Worth , Texas, Akron , Ohio, United, Cleveland, Chicago, Baltimore

☆ Dollar General will remove self-checkout from 300 stores to prevent shoplifting
▼ + stars: | 2024-03-14 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

The company is pulling out self-checkout stands in 300 stores that have the highest levels of shoplifting and merchandise losses. In 9,000 other stores, Dollar General is converting some or all of its self-checkout registers to regular checkout with cashiers. And in another 4,500 or so stores, Dollar General is limiting self-checkout to purchases of five items or less. Vasos said Dollar General made the decision after using artificial intelligence to analyze hundreds of thousands of purchases at self-checkout. Like other retailers, Dollar General bet self-checkout would reduce its labor costs and speed up checkout for customers.

Persons: Todd Vasos, Vasos, ShopRite Organizations: New, New York CNN —, Walmart, Target, cashiers Locations: New York, United States, Britain, British, New Mexico, Delaware

☆ Family Dollar and Dollar Tree will close 1,000 stores
▼ + stars: | 2024-03-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

Dollar Tree, which owns Family Dollar, also said it will close 30 stores as leases expire. Dollar Tree bought Family Dollar in 2015 for $8.5 billion. But Dollar Tree has struggled to integrate Family Dollar. Family Dollar stores were in poor condition when Dollar Tree acquired the business in 2015, analysts say. Although Family Dollar has renovated thousands of stores in recent years, many stores under both banners are still poorly maintained.

Organizations: CNN, Dollar, Walmart, Justice Department

☆ Multiple Taco Bell locations in Oakland have closed dining rooms because of crime concerns
▼ + stars: | 2024-03-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Multiple Taco Bell locations in Oakland have closed their dining rooms because of safety concerns in the California city, which has been struggling with rising crime affecting businesses both big and small. Diversified Restaurant Group owns about 300 Taco Bell and Arby’s locations, predominately in the western US. At least four Taco Bell locations in Oakland have closed their dining rooms, however the drive-thru remains operational. CNN affiliate KPIX-TV visited a Taco Bell location that has been robbed four times in the past four months, finding signs notifying customers of the closure. One Oakland location still has their dining room open but has gone cashless to discourage robberies, KPIX-TV reported.

Persons: Taco Bell, Taco, Gavin Newsom, – CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, Bell, Group, Restaurant Group, Taco Bell, Taco Bell’s, CNN, Oakland, San, Criminal, Patrol Locations: New York, Oakland, California, Cane’s, San Francisco Chronicle

☆ Costco sold out of $2,000 gold bars. Now, it’s selling silver coins
▼ + stars: | 2024-03-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

Costco recently started selling silver coins for the first time, finance chief Richard Galanti told CNN. Costco is trying to replicate its recent success with gold bars. It began selling $2,000 gold bars online in September and sold more than $100 million worth of the bars last quarter. After all, not many people are actually stashing away gold bars in their homes. We constantly buy that stuff and intentionally run out of it from time to time.”Costco is also selling precious metals as they become more valuable.

Persons: Richard Galanti, King Charles III, “, ”, Galanti Organizations: New, New York CNN, Costco, CNN, Federal Reserve, Treasury Locations: New York

Alabama lawmakers are moving fast to approve measures this week to protect in vitro fertilization clinics from lawsuits in response to an uproar sparked by last month's state Supreme Court ruling that found frozen embryos have the rights of children under the state’s wrongful death law. Either of the two bills would give legal protection for fertility clinics, at least three of which paused IVF treatments after the court ruling to assess their new liability risks. Here are things to know about the bills and the process of turning one of them into law. One lawmaker wanted to amend the House bill to prohibit clinics from intentionally discarding embryos, but that was rejected. Lawmakers are expected to give final approval to one — or maybe both — on Wednesday and send legislation to Gov.

Persons: Kay Ivey, WHAT'S, “, ” It's, Roe, Wade, Donald Trump, Nathaniel Ledbetter, Alabama's, “ Alabamians, Ivey Organizations: Gov, Republican, American Society for Reproductive, Alabama, Supreme, Republicans, White Locations: Alabama, U.S

☆ Target predicts a weak 2024 as shoppers focus on necessities
▼ + stars: | 2024-03-05 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: 1 min

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☆ Opinion | Adelle Waldman’s Journey From Brooklyn Literati to a Big Box Store
▼ + stars: | 2024-03-04 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

But instead of capitalizing on her sudden stardom, Waldman didn’t publish another novel for more than a decade. “To my surprise, I just didn’t have another idea,” she told me over lunch near her house in the Hudson Valley town of Rhinebeck. Especially after the shock of Donald Trump’s election, she lost interest in exploring the romantic and psychological struggles of the upper middle class. At first, her shift started at 6 a.m.; then management abruptly changed it to two hours earlier. While “Nathaniel P.” had delighted me with its uncanny familiarity, this new novel thrilled me for the opposite reason.

Persons: Adelle, Nathaniel P, Obama, cads, Waldman didn’t, ”, Donald Trump’s, “ I’ve, “ Nathaniel P, Waldman Organizations: Love Affairs, Ivy, Target Locations: York, Brooklyn, Hudson, Rhinebeck

☆ Why checked bag fees are at record highs
▼ + stars: | 2024-03-02 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

Checked bag fees are hitting record highs as airlines up the ante. So an airline can save $75 million in tax fees off its $1 billion revenue in domestic checked-bag fees. The introduction of bag fees was also a response to the rise of low-price carriers like Spirit in the United States and Ryanair in Europe. But airlines kept the bag fees in place and even raised them in an effort to make up for the lost revenue from change fees. Bag fees have been a political punching bag.

Persons: they’ve, Gary Leff, ”, Henry Harteveldt, Blaise Waguespack, Sen, Mary Landrieu, ” Leff, Pete Buttigieg, Leff, “ Organizations: New, New York CNN, United Airlines, American Airlines, JetBlue, Alaska Airlines, Airlines, Department of Transportation, Delta SkyMiles American Express, Airlines ’, “ Airlines, Atmosphere Research, Embry, Riddle Aeronautical University, Ryanair, The Transportation Department Locations: New York, Denver, Dallas, Daytona Beach , Florida, United States, Europe

☆ Ozempic is coming for gyms. Here’s how they’re responding
▼ + stars: | 2024-03-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

New York CNN —America’s gyms are adjusting their strategies as more of their members take weight loss drugs. JPMorgan researchers estimate that 30 million people may be taking GLP-1 drugs by 2030, or around 9% of the US population. For now, GLP-1 medications are prohibitively expensive for most Americans, costing about $1,000 or more a month. (Ozempic has not been approved for weight loss by regulators, though Wegovy, a similar drug, has.) It also made a $100 million-plus deal to buy Sequence, a telehealth business that offers virtual prescriptions to patients for these weight loss drugs where appropriate.

Persons: ”, Simeon Siegel, Bahram Akradi, “, Amanda Edwards, ” Siegel, Rick Caro, Jaap Arriens, WeightWatchers Organizations: New, New York CNN, Boomers, JPMorgan, Fitness, BMO Capital Markets, Management, Industries Locations: New York, Ozempic, Barre, Southern California

☆ Family Dollar to pay nearly $42 million in connection with rodent-infested warehouse
▼ + stars: | 2024-02-27 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —Family Dollar Stores was hit with a record fine for violating product safety standards after selling items that were stocked in a rat-infested warehouse filled with live, dead and decaying rodents. The retailer, a subsidiary of Dollar Tree was fined $41.6 million, “the largest-ever monetary criminal penalty in a food safety case,” the Justice Department said in a statement Monday. Family Dollar and Dollar Tree will also be under robust corporate compliance and reporting requirements for the next three years, according to the DOJ. The agency said at the time that Family Dollar has been aware of the rodent problem since at least January 2020. The DOJ said Family Dollar, which has more than 8,000 stores nationwide, pleaded guilty to one misdemeanor count of causing FDA-regulated products to become adulterated while being held under insanitary conditions.

Persons: ” Benjamin Mizer, exterminators, Rick Dreiling, “, Dreiling, – CNN’s Nathaniel Meyersohn, Rebekah Riess Organizations: New, New York CNN, Justice Department, DOJ, The, Food and Drug Administration, FDA, Dollar Tree’s Locations: New York, Arkansas

☆ Blocking Kroger’s mega-merger with Albertsons won’t save your local grocery store
▼ + stars: | 2024-02-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

High grocery prices helped scuttle the dealInflation at the grocery store loomed over the proposed merger. Over the past four years, grocery prices have risen significantly,” the FTC said in its lawsuit. Kroger had committed to invest $500 million in lower prices and $1.3 billion to improve Albertsons’ stores if the merger cleared. Yet consolidation in the grocery sector is growing, and small grocery stores are struggling. Traditional grocery stores have also lost ground to Walmart, Costco, dollar stores and online retailers during that span.

Persons: it’s, Kroger, Ash, “, ” Greg Ferrara, Joe Biden, Lina Khan, Khan, Marc Perrone, ” Sen, Elizabeth Warren, ” Joe Feldman Organizations: New, New York CNN, Kroger, Albertsons ’, Albertsons, Walmart, FTC, Bureau of Labor Statistics, Albertsons Cos, Safeway, Bloomberg, Getty, Agriculture Department, Costco, Independent, National Grocers Association, Meta, Microsoft, Unions, Democrats, Food, Commercial Workers ’, ”, Top Democratic, Twitter, Aldi, Activision, Telsey Advisory Locations: New York, Scottsdale , Arizona

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