DIRS.INFO The most relevant business & tech news

☆ Biden says Medicare should negotiate prices for at least 50 drugs each year, up from a target of 20
▼ + stars: | 2024-03-06 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

President Joe Biden on Wednesday said the federal Medicare program should negotiate prices for at least 50 prescription drugs each year, up from the current target of 20 medicines. Biden has made lowering U.S. drug prices a key pillar of his health-care agenda and reelection platform for 2024. After the initial round of talks, Medicare can negotiate prices for another 15 drugs that will go into effect in 2027 and an additional 15 beyond that to take effect in 2028. Biden wants to raise that number to 50 to account for "major drugs that seniors rely on," according to the fact sheet. That could increase the number of drugs that Medicare could select for negotiation and bring more medicines to the negotiation process sooner.

Persons: Joe Biden, Biden, Neera Tanden Organizations: National Institutes of Health, White, Medicare, Supreme Locations: Bethesda , Maryland

☆ Amazon, CVS, and Walgreens went all in on primary care. Their bets are bleeding money.
▼ + stars: | 2024-03-06 | by ( ) www.businessinsider.com time to read: +8 min

In the past several years, Amazon, CVS Health, and Walgreens each spent billions to own primary-care companies. CVS bought Oak Street Health. Here's how the bets that Amazon, CVS, and Walgreens made are playing out. CVS is building more Oak Street clinics despite lossesAn Oak Street Health location in Elgin, Illinois during its grand opening. CVS is hoping to help Oak Street clinics get profitable quicker by driving more patients their way.

Persons: Andy Jassy, Thos Robinson, It's, JP Morgan, Berkshire Hathaway, Business Insider's Eugene Kim, Kim, they've, it's, VillageMD hasn't, Jefferies, Brian Tanquilut, Tanquilut, Lydia Ramsey, Mike Pykosz, Pykosz, Aetna, Michael Cherny Organizations: CVS Health, Walgreens, Amazon, CVS, Oak Street Health, Business, Aetna, Medical, Washington Post, Summit Health, Oak, Health Locations: Oak, VillageMD, Haven, Florida, Elgin , Illinois

☆ The No. 1 habit all highly resilient people have, according to a career expert
▼ + stars: | 2024-03-05 | by ( Jason Shen | In Jasonshen | ) www.cnbc.com time to read: +5 min

1 habit I see in my most resilient clients is the ability to shift their stress response from "fight-or-flight" to "tend-and-befriend." But social scientists have uncovered a different and equally important stress response called " tend-and-befriend ," which focuses on caring for others and reaching out to strengthen social connections. This response was extremely helpful when threats were physical, but it is far less so when threats are cognitive or social. We all know about fight-or-flight — the stress response that can occur when we encounter a perceived threat, like a 15-minute calendar invite from your boss titled "Performance." Hug, cuddle, or self-sootheEngaging in positive touch through hugs and cuddles with loved ones or even furry friends can dramatically reduce the distress of a negative situation.

Persons: it's, I've, Jason Shen, Y Organizations: Social, Stanford University, CNBC Locations: arm's

HANOVER, N.H. (AP) — The Dartmouth men's basketball team voted to unionize Tuesday in an unprecedented step toward forming the first labor union for college athletes and another attack on the NCAA's deteriorating amateur business model. "Today is a big day for our team," players Cade Haskins and Romeo Myrthil said in a statement. That could delay negotiations over a collective bargaining agreement until long after the current members of the basketball team have graduated. “In this isolated circumstance, however, the students on the men’s basketball team are not in any way employed by Dartmouth,” the school said. A college athletes union would be unprecedented in American sports.

Persons: Cade Haskins, Romeo Myrthil, —, “, ”, ” Haskins, Myrthil, Haskins, ” Myrthil, ” Mary Kay Henry, ” “, Jimmy Golen Organizations: Dartmouth, National Labor Relations Board, Service Employees International Union Local, SEIU, Ivy League, NCAA, NLRB, Big Green, Northwestern football, Wildcats, Big, Ivy League Players Association, Harvard, The Associated Press, AP Locations: HANOVER, N.H, Alabama, Michigan, Dartmouth

☆ How some boomers are overcoming loneliness and finding new friendships in retirement: 'It's been a lifesaver'
▼ + stars: | 2024-03-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +17 min

While loneliness among older adults has been an issue for years, the pandemic exacerbated it across all age groups. Some experts told me that cities could help counter loneliness with policies that bolster senior centers and ensure accessibility to vital resources and that governments should invest more in mitigating loneliness for older adults. That's largely why Lamy felt compelled to organize an easy way for older adults in the community to meet and talk to one another. What we know is that isolation and loneliness among older people tend to lead to pretty serious health complications very quickly. So there is a real reason for us to try to help older people find connection."

Persons: Maria Maki, Maki, Andrea Ellen Reed, Buffalo Community Center Andrea Ellen Reed, I've, Vivek Murthy, Gen Zers, Joe Lamy, Lamy, Jovelle Tamayo, Dianne Stone, winder, he'd, Jan, —, that's, that'll, she'd, There's, they'd, Preeti Malani, who've, Malani, Garey Schmidt, Schmidt, Sedona , Arizona Matt Martian Williams, Matt Martian Williams, Sen, Chris Murphy, Murphy, Rick Grossman, Grossman, Stone, we're, Jeff Keilson, Maura Healey, Keilson, it's, we've, BI Murphy, he's Organizations: Buffalo Community Center, BI, National Council, National Institute of Senior Centers, National, Healthy Aging, University of Michigan, Democratic Locations: Buffalo , Minnesota, Buffalo, Seattle, Las Vegas, New York, Chicago, Sedona , Arizona, Flagstaff, someone's, Sedona, Connecticut, Massachusetts

☆ Immigration is 'taking pressure off' the job market and U.S. economy, expert says
▼ + stars: | 2024-03-02 | by ( Greg Iacurci | ) www.cnbc.com time to read: +10 min

Mark Zandi, chief economist at Moody's Analytics, said the increase in foreign-born workers is "taking pressure off the economy." The growth in foreign-born workers comes amid a contentious immigration policy debate in the U.S. Immigrants' share of the labor force has increased since 1996, when the Bureau of Labor Statistics began collecting such data. A growing population and labor force are key components of a healthy economy and the nation's ability to pay its bills, economists said. In other words, the economy is both absorbing immigrants and generating job opportunities for U.S.-born workers, the institute said.

Persons: Mark Zandi, it's, Alejandro Mayorkas, John Moore, Muzaffar Chishti, Jack Malde, Qian Weizhong, Steven Camarota, Camarota, Paul Ratje, Eric Thayer, Malde, EPI, Zandi, There's, Luis Alvarez Organizations: U.S . Bureau of Labor Statistics, Moody's, Republicans, U.S, Department of Homeland, U.S . Border Patrol, U.S . Department of Homeland, Getty, Migration Policy Institute, CNBC, Foreign, U.S . Immigrants, Bureau of Labor Statistics, Pew Research Center, Social Security, Congressional, Office, Center, Immigration, . Border Patrol, Getty Images, Federal Reserve Bank of San, Center for Immigration Studies, Afp, Bloomberg, Economic Policy Institute, National Academies of Sciences, Engineering, Medicine, Digitalvision Locations: U.S, Mexico, Eagle Pass , Texas, San Diego , California, Federal Reserve Bank of San Francisco, Paso, Ciudad Juarez , Mexico, Los Angeles

☆ Biden reportedly worried during the pandemic about how young people could 'make love'
▼ + stars: | 2024-03-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Joe Biden was reportedly concerned about young Americans' sex lives during the pandemic. According to The Washington Post, Biden asked aides about how young people could "make love" amid COVID restrictions. According to The Washington Post, during his first year in office he asked multiple aides how young people could "make love" amid the COVID-19 pandemic. "President Biden often delivered a favorite monologue to aides: He was worried about young people's mental health, he said," the Post reported. The White House did not immediately respond to Business Insider's request for comment.

Persons: Joe Biden, Biden, —, Vivek Murthy, Murthy, Jeff Zients, Education Secretary Miguel Cardona Organizations: The Washington Post, Service, The Post, White, Democratic, Education Secretary

☆ Judge rejects AstraZeneca’s challenge to Medicare drug price negotiations
▼ + stars: | 2024-03-01 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

A federal judge on Friday rejected AstraZeneca 's legal challenge to Medicare's new power to negotiate the prices of certain costly prescription drugs with manufacturers. The decision is another win for the Biden administration in a bitter legal fight with the pharmaceutical industry over the constitutionality of those price talks. The opportunity to sell drugs to more than 49 million Medicare and Medicaid beneficiaries is a "powerful incentive" for manufacturers to participate in the price talks with the government, Connolly wrote. The ruling comes a month after a federal judge in Texas tossed a separate lawsuit challenging the price talks. On March 7, Bristol Myers Squibb, Novo Nordisk, Novartis and Johnson & Johnson will present their oral arguments to a federal judge in New Jersey in the same hearing.

Persons: AstraZeneca, Biden, AstraZeneca's, Colm Connolly, Connolly, Johnson Organizations: U.S . Department of Health, Human Services, Washington , D.C, Manufacturers, Supreme, District, AstraZeneca, Chamber of Commerce, Bristol Myers Squibb, Novo Nordisk, Novartis, Johnson, CNBC PRO Locations: Washington ,, Delaware, Texas, Ohio, New Jersey

☆ Issues with new FAFSA may cause 'shocking' decline in the number of students getting college aid, expert says
▼ + stars: | 2024-02-29 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Under the new aid formula, an additional 2.1 million students should be eligible for the maximum Pell Grant, according to the Department of Education. "The goal of FAFSA simplification was to increase the number of lower-income students applying. The new FAFSA was meant to improve college accessIn ordinary years, high school graduates miss out on billions in federal grants because they don't fill out the FAFSA. In New York alone, students left $226 million in Pell grants on the table in 2023. Jacobson is sponsoring a bill requiring high school seniors to complete the FAFSA.

Persons: Pell Grant, Kantrowitz, Jonathan Jacobson, Jacobson Organizations: Department of Education, York, Universal, National College, Research Locations: New York, Pell, Louisiana

☆ Pfizer RSV vaccine maintains protection in older adults over two seasons in trial
▼ + stars: | 2024-02-29 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Pfizer 's vaccine against respiratory syncytial virus maintained protection for older adults across two full seasons of the disease in an ongoing late-stage clinical trial, the company announced Thursday. The shot's efficacy declined slightly compared with the levels of protection after one RSV season, but the new data suggests that the jab generally offers durable protection for adults ages 60 and above, who are more vulnerable to severe illness from RSV. The jab showed 66.7% efficacy against that condition after one RSV season. Pfizer noted that the vaccine showed consistent efficacy against RSV A and RSV B, which are the two major subtypes of the virus, after the second RSV season. Analysts don't expect the committee to make a final recommendation until June – a decision that may have huge implications for Moderna , which is hoping to launch its own RSV jab this year.

Persons: – Organizations: Pfizer, GlaxoSmithKline, Centers for Disease Control, Moderna Locations: Northern, Southern

☆ When my oldest sister died suddenly, I moved to Houston to help out with my mom's care. I'm glad for this time with her.
▼ + stars: | 2024-02-28 | by ( Sheryl Nance-Nash | ) www.businessinsider.com time to read: +6 min

When my oldest sister died unexpectedly, my other sisters and I had to rethink my mom's care. I moved to Houston, too, to be closer to Mom and help take care of her. When my oldest sister died unexpectedly and tragically in 2020, the world turned upside down, including the plan for who would take care of our mom. My youngest sister Lorie was still in California, but lived a two-hour drive each way from our mom. My other two sisters and I had a decision to makeMe, Lorie, and our middle sister, Kai, who lives in Houston, did a Zoom and discussed what to do next.

Persons: —, Sharon, Lorie, Kai, that's, Houston, I've Organizations: Service, sis Locations: Houston, California, New York, Jamaica, Stanislaus County, Kai, Texas, United States

☆ Any use of marijuana linked to higher risk of heart attack and stroke, study says
▼ + stars: | 2024-02-28 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +5 min

CNN —Smoking, vaping or eating marijuana is linked to a significantly higher risk of heart attack and stroke, even if a person had no existing heart conditions and did not smoke or vape tobacco, a new study found. While both daily and non-daily users had an increased risk of heart attack and stroke compared to nonusers, stroke risk rose 42% and the risk of heart attack rose 25% if cannabis was used daily, the study found. Younger adults — defined as men under 55 and women under 65 years old — who used marijuana had a 36% higher risk of coronary heart disease, heart attack and stroke regardless of whether they also used traditional tobacco products. Heart disease and marijuana use a known linkPrevious research has already found a link between heart disease and marijuana use. Also called atherosclerosis, CAD is the most common type of heart disease, according to the CDC.

Persons: ”, Abra Jeffers, ” Jeffers, Robert Page II, ” Page, Page, — Organizations: CNN, Massachusetts General Hospital, University of Colorado Skaggs School of Pharmacy, Pharmaceutical Sciences, American Lung Association, Getty, American Heart Association, US Centers for Disease Control, Prevention, CDC Locations: Boston, Aurora , Colorado

☆ A House Democrat admits Biden's aging is noticeable, but says the president is 'firing on all cylinders'
▼ + stars: | 2024-02-26 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In a speech largely complimentary of President Joe Biden, Democratic Rep. David Trone said the 81-year-old president's age has begun to affect him. As first reported by Politico on Monday, a video shows Trone telling the crowd at a Maryland Democratic club's meet-and-greet on February 21 that the president is "working and firing on all cylinders." "I often say I wish I was 10 years younger," Trone said in a statement.

Persons: —, Joe Biden, David Trone, Trone, Democratic Sen, Ben Cardin, Larry Hogan Organizations: Service, Democratic, Politico, Maryland Democratic club's, Business, Congressional District, GOP Gov Locations: Maryland, Maryland's

☆ Early recruitment for investment-banking internships left students scrambling this year. Here are 15 ways to get ahead of the ultra-competitive process.
▼ + stars: | 2024-02-22 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +22 min

But never had one come this early — one year and eight months ahead of said internship’s start date. While it has always been competitive, the investment banking summer internship process has gotten increasingly premature. As a result, wannabe financiers may want to start getting ready for the process as early as their freshman year. The Internship movieNetwork with upperclassmen firstNetworking is one of the most important aspects of getting a competitive investment banking internship. “A lot of kids don't realize they don't want to do it until they’ve done it for 10 weeks after the internship,” Sibley said.

Persons: Steve Sibley, ” Sibley, Goldman Sachs, Sibley, ”, —, they’re, it’s, you’ll, “, ’ inboxes, You’ll, ‘, ’, Goldman, Don’t, Carlo Allegri, don’t, there's, might’ve, “ I’m, Sturti, you’re, It’s, you'll, would've Organizations: Indiana University’s Kelley School of Business, Business, “, Finance, Bank of America, Citi, BI, Investment, Excel, IB, LinkedIn, Goldman, Getty, Lazard, Reuters, I’m Locations: “, New York City, Manhattan, Chicago, Charlotte, Atlanta, Houston, New York

☆ Here are some strategies to maximize your financial aid for college
▼ + stars: | 2024-02-22 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Apply for financial aidIn ordinary years, high school graduates miss out on billions in federal grants because they don't apply for financial aid. Because this year's award letters are likely to look a lot different, that also opens the door for families to ask for more college aid. In that case, you may be able to appeal to the college financial aid office, according to Menaka Hampole, assistant professor of finance at the Yale School of Management. Alternatively, if the financial aid packages from other, comparable schools were better, that is also worth bringing to the school's attention in an appeal. "It's very important for students and families to know that financial aid offices tend to be very approachable," Greenberg said.

Persons: haven't, Rick Castellano, Sallie Mae, Greenberg, Menaka Hampole Organizations: U.S . Department of Education, National College, College, Network, Yale School of Management

☆ 2 startups posted big membership growth in the lucrative senior health plan business — after other young insurers failed
▼ + stars: | 2024-02-21 | by ( ) www.businessinsider.com time to read: +6 min

Just a few years ago, a crop of venture-backed health insurance startups embarked on planting a flag in the crowded but lucrative health plan business for seniors. Bright Health, which has exited the insurance business entirely as of this year, sold its Medicare Advantage plans in December. However, there are signs that the Medicare Advantage business isn’t as much of a goldmine as it used to be. It takes an enormous amount of capital to grow big in the insurance business, Fidel said. Its Medicare Advantage membership totals about 4 million.

Persons: haven’t, Stephens, underscoring, Oscar Health, Clover, Cowen, Gary Taylor, didn’t, Scott Fidel, it’s, they’ll, Fidel, UnitedHealthcare Organizations: Alignment Healthcare, Medicare, Business, Bright, Oscar, Services, Humana, CVS Health, Aetna, CVS Locations: California, New Jersey

But when the 91-year-old got his first virtual reality experience recently, he was stunned. “For the majority of our respondents, it was their first time using virtual reality. The Texas-based company is one of a handful that specializes in virtual reality for seniors. She said that with others who don't talk much perk up when given a VR experience putting them in nature. On a recent afternoon at John Knox, a handful of seniors who live independently took turns again using virtual reality.

Persons: Farrell Patrick, Patrick, John Knox, Terry Colli, ” Anne Selby, ”, Ryan Moore, Chris Brickler, Hana Salem, Salem, ” Brickler, Brickler, Moore, Pete Audet, Audet, “, Karen, Karen Audet, Farrell Organizations: —, Army, John Knox, Navy, VR, John, Stanford University, Canadian Embassy, Washington , D.C, John Knox Village, Google Locations: POMPANO BEACH, Fla, West, Fort Lauderdale , Florida, Florida, Paris, Egypt, Washington ,, Texas

☆ 'Social' media is both the cause of — and solution to — our loneliness problem
▼ + stars: | 2024-02-17 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +11 min

The report listed technology as a driver behind our isolation, fear of missing out, conflict, and reduced social interaction. Other drivers of loneliness included social policies, cultural norms, the political environment, and macroeconomic factors. In fact, most research demonstrates that loneliness increases with increased use of technology, especially social media sites." "The response is incredible," Kyle Rand, CEO and cofounder of Rendever, told BI. He added: "The trend to solve loneliness through more technology, when technology has not yet reduced the problem, seems to be going in the wrong direction."

Persons: disincentivized, Dr, Nicole Siegfried, bookending, Josh Greene, Sherita Harkness, Harkness, There's, Kyle Rand, Brooke, I've, Daniel Boscaljon, Siegfried Organizations: Service, Technology, Business, US, Tech, Meta, Behavior, Flow, National Institute, Aging, National Institutes of Health, Inc, Institute, Trauma Locations: Luka, Chicago, Inc

☆ What Eli Lilly investors can learn from the slow launch of a competitor's drug
▼ + stars: | 2024-02-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Club holding Eli Lilly is expecting to get approval for its Alzheimer's treatment in the coming weeks, but investors looking for immediate financial success should temper their expectations. The FDA's decision on Lilly's drug, known as donanemab, is expected by the end of March. In the meantime, Eli Lilly's diabetes and obesity drugs, the heart of our investment thesis, should continue to fuel the lion's share of the company's topline growth. About 2,000 patients are currently taking Leqembi, Biogen said Tuesday, up from 800 at the time of the company's third-quarter report in November. LLY YTD mountain Eli Lilly's stock performance so far in 2024.

Persons: Eli Lilly, drugmaker Biogen, Eli Lilly's, —, Lilly, Biogen, Japan's, Chris Viehbacher, Viehbacher, Morgan Stanley, Lilly's, Donanemab, Mounjaro, Jim Cramer, Leqembi, Jim Cramer's, Jim Organizations: Food and Drug Administration, Drug Administration, Alzheimer's Association, FDA, Club, GE Healthcare, FactSet, Pharmaceutical, CNBC Locations: Indianapolis

☆ How to avoid the top scam of 2023: The internet has 'really supercharged' it, expert says
▼ + stars: | 2024-02-15 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Vasily Pindyurin | fStop | Getty ImagesConsumers lost a record $10 billion to fraud in 2023, and imposter scams were the most prevalent swindle, according to the Federal Trade Commission. Nearly 854,000 people filed complaints to the FTC about imposter scams in 2023. Consumers lost $2.7 billion to such scams in 2023, according to FTC data. In addition to financial loss, "we know fraud causes significant emotional and psychological harm," he added. Fraud victims lost $1.9 billion and $1.4 billion via these payment channels, respectively, in 2023.

Persons: Vasily Pindyurin, Hardeep Rai, Rai, —, fraudsters, Breyault Organizations: fStop, Getty, Federal Trade Commission, Consumers, FBI

☆ Interest on national debt could threaten U.S. economic stability, CBO director tells House panel
▼ + stars: | 2024-02-14 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +3 min

CBO Director Phillip Swagel testifies during the House Budget Committee hearing titled "The Congressional Budget Office's Budget and Economic Outlook," in Longworth Building on Wednesday, February 14, 2024. The director of the nonpartisan Congressional Budget Office warned House lawmakers Wednesday that the ballooning national debt and the cost of paying interest on it could become an existential threat to the U.S. economy. "Rising interest costs will crowd out other possible uses of government resources, and then also pose a risk to our economic stability" in the coming decade, CBO director Phillip Swagel told the budget committee at a hearing on Capitol Hill. Swagel's testimony centered around CBO's semi-annual report on the federal budget and the economy, released Feb. 7. The CBO report projected that the yearly U.S. budget deficit would grow by an estimated $1 trillion over the next 10 years.

Persons: Phillip Swagel, Swagel, Kevin McCarthy, Dan Kildee, Donald Trump's, Joe Biden's Organizations: Economic, Capitol, CBO, Republicans, GOP, Democrat, Congress Locations: Longworth, U.S, CBO's, Michigan

☆ Valentine’s Day movies for almost every mood
▼ + stars: | 2024-02-14 | by ( Dan Heching | Alli Rosenbloom | ) edition.cnn.com time to read: +7 min

CNN —Like so many other holidays, Valentine’s Day can evoke a staggeringly wide range of feelings. The good news: Whether you lean in to the romance of it all or run screaming from it, there’s a movie out there for you. In light of the very subjective nature of this red heart-drenched day, here’s a list of mood-specific film recommendations that are sure to scratch whatever itch you might be feeling. If you hate the whole concept of Valentine’s Day, watch ‘True Romance’ or ‘Heathers’If you’re feeling like you need a little bit of die-for-you action to get you through the day – or just the terrific sonic offerings of a Hans Zimmer score – flip on the Quentin Tarantino-written “True Romance.” Not your speed? If you like a little bit of fantasy with your romance, watch ‘Kate & Leopold’There she is again!

Persons: there’s, Cary Grant, Deborah Kerr, Meg Ryan, Hans Zimmer, Quentin Tarantino, “, who’s, Whitney Houston, Kevin Costner, Dolly Parton, Warner, Laura Esquivel, ’, ”, you’re, George Clooney, Michelle Pfeiffer, Julia Roberts, Luca, Timothee, Celine Song’s, Jennifer Lopez, Steven Soderbergh, –, Oscar, Dame Judi Dench, Bill Nighy, Harry Met Sally ’, Harry Met Sally ”, Billy Crystal, Meryl Streep, Uma Thurman, Harry Met Sally, Jon M, Chu, Henry Golding, Constance Wu, Michelle Yeoh, Kate, Leopold ’, Duke, Hugh Jackman, Jude, Jim Sturgess, Lucy, Evan Rachel Wood, Valentine ’ Organizations: CNN, Houston, Warner Bros, Everett, Sony Pictures, Rich, Valentine’s Locations: Seattle, Chicago, Italy, India, New York City, Columbia, Singapore, York City

☆ Federal judge tosses lobbying group's lawsuit challenging Medicare drug price negotiations
▼ + stars: | 2024-02-13 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

The decision is an early win for the Biden administration as it grapples with a flurry of other legal challenges that drugmakers have filed against the Medicare drug price negotiations. The judge's ruling won't end the legal battle over the policy, which could end up at the Supreme Court. A slate of major companies with drugs selected for negotiations, including J&J, Merck , and Bristol Myers Squibb , have filed separate lawsuits challenging the constitutionality of the price talks. The suit also argued that the price talks violate the Eighth Amendment because they include a "crippling" excise tax aimed at forcing drugmakers to accept the government-dictated price of medicines. The groups also argued that the price talks violate due process by denying pharmaceutical companies and the public input on how Medicare negotiations will be implemented.

Persons: Biden, drugmakers, Judge David Ezra of, Ezra, NICA's, Nicole Longo, PhRMA, Eli Lilly, Johnson, NICA Organizations: U.S . Department of Health, Human Services, Supreme, Medicare, Western, Western District of Texas, Pharmaceutical Research, Manufacturers of America, Global Colon Cancer Association, National, Center Association, CNBC, Pfizer, Johnson, Merck, Bristol Myers Squibb, Chamber of Commerce, Department of Health, Department of Justice Locations: Washington ,, Western District, PhRMA, Ohio

☆ Gen Z Is the Most Unsatisfied With Work; for Them, a Job Is Just a Job
▼ + stars: | 2024-02-13 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +11 min

And it could explain why Gen Z workers are so much more unsatisfied with their jobs than their older colleagues. Age plays a role in explaining the gap, but Gen Z is also entering the workforce at a unique time. In EY's 2023 Gen Z survey, more than 50% of Gen Zers said they were "extremely worried about not having enough money." For much of Gen Z, a job is just a job. In a Deloitte study from March, only 61% of Gen Z participants said their work was important to their identity.

Persons: Kimi Kaneshina isn't, Wyatt Co, Xers, Zers, millennials, Gen Zers, Aki Ito, That's, Kaneshina, Julia Kensbock, Kensbock, haven't, Kensbrock, —, Gen Z, Corey Seemiller, Seemiller, Felizitas, Z Organizations: Pew Research, Research, Business, University of Bremen, Bain, Co, Workers, Employers, Labs, CFA, LaSalle Network, Wright State University, YouTube, LinkedIn, Deloitte Locations: Southern California, Germany, TikTok, Felizitas Lichtenberg

Michelle Lujan Grisham has advocated for a more robust spending package, a 10% annual spending increase that would shore up housing opportunities, childhood literacy and health care access. Senate budget amendments apply $75 million in state matching funds to the effort. Under another $1.5 million budget provision, New Mexico would for the first time help compensate landowners and agricultural producers when wolves are confirmed to have killed livestock or working animals. The fund underwrites an array of conservation programs at state natural resources agencies, from soil enhancement programs in agriculture to conservation of threatened and big-game species. The Legislature's budget bill would place $512 million in the trust.

Persons: Michelle Lujan Grisham, Sen, George Muñoz, ” Muñoz, Biden, ”, Nathan Small Organizations: SANTA FE, Texas, New, New Mexico Gov, Democratic, Gallup, ” Locations: SANTA, New Mexico, Las Cruces

Search resuls for: "Seniors"

25 mentions found