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☆ Blue Shield California drops CVS; picks Amazon, others to lower drug price
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

CVS Health logo is seen displayed in this illustration taken, May 3, 2022. Non-profit health plan provider Blue Shield, which has 4.8 million members, said it will work with partners including Amazon.com and Mark Cuban's Cost Plus Drug Company to provide at-home delivery and access to low-cost medications. Privately held Abarca will pay prescription drug claims, while Prime Therapeutics will work with Blue Shield to negotiate savings with drugmakers, the company said. Blue Shield will also work with CVS Caremark for specialty pharmacy services. The loss of Blue Shield marks another blow to Caremark, which is also set to lose the contract to manage Centene's (CNC.N) $40 billion annual pharmacy needs from next year.

Persons: Dado Ruvic, Cuban's, Privately, Manas Mishra, Mariam Sunny, Bhanvi, Shweta Agarwal, Pooja Desai Organizations: CVS, REUTERS, Wall Street Journal, Cigna, UnitedHealth, Company, Thomson Locations: Bengaluru

☆ Blue Shield of California taps Amazon, Mark Cuban's Cost Plus Drugs for its pharmacy network
▼ + stars: | 2023-08-17 | by ( Bertha Coombs | ) www.cnbc.com time to read: +2 min

Blue Shield of California is teaming up with Mark Cuban's Cost Plus Drug Company and Amazon Pharmacy — turning away from traditional drug store chains and ditching in part health giant CVS — in a move to save on drug costs for its 4.8 million members. "I expect we're going to — when this ramps up completely — we're going to be saving $500 million a year," said Paul Markovich, CEO of Blue Shield of California. For Cost Plus, which sells drugs at 15% above wholesale prices, California Blue Shield is only the second insurer to sign with the online pharmacy since it launched in January 2022. "I think all payers realize that now that Cost Plus has made the price of medications transparent. The health insurer expects to launch the program for its members in 2025.

Persons: Mark Cuban's, Paul Markovich, Markovich Organizations: Drug Company, Amazon Pharmacy, CVS, Blue, of, Cross Locations: of California, California, Harrisburg , Pennsylvania

☆ Mark Cuban: 'Success isn’t necessarily how much money you have'—here's how he defines it
▼ + stars: | 2023-08-13 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Mark Cuban says his net worth isn't what makes him successful — it's his ability to to stay focused on doing fulfilling work every day. "Success isn't necessarily how much money you have," Cuban, 65, recently told LinkedIn's "The Path" podcast. "Success is just setting a goal and being able to wake up every morning feeling really good about what you've accomplished." Cuban, a serial entrepreneur and star of ABC's "Shark Tank," has a net worth of $5.1 billion, according to Forbes. "If I'm 25 and I'm doing this again, I'm probably [thinking], 'OK, what can I do to get acquired?'"

Persons: Mark Cuban, —, LinkedIn's, Forbes, CBS's, That's, Wharton, Adam Grant's, I'm, It's, Warren Buffett Organizations: CompuServe, Yahoo, Cuban, LinkedIn, CNBC

☆ Mark Cuban nearly went broke at age 27—and became a millionaire 5 years later
▼ + stars: | 2023-08-10 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Mark Cuban vividly remembers the moment he realized he was nearly broke. The secretary took about $82,000, effectively wiping out MicroSolutions' account balance, Cuban confirmed to CNBC Make It. Cuban then helped co-found AudioNet, which became Broadcast.com and was acquired by Yahoo for $5.7 billion in 1999, making Cuban a billionaire at age 40. "Once you learn how to sell, you can always start a business, [because] you're an entrepreneur at heart," Cuban told The School of Hard Knocks last year. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.

Persons: Mark Cuban, TikToker Bobbi Althoff's, Cuban, Barstool, wasn't, Forbes, multimillionaire, NPR's, Rainer Zitelmann, Warren Buffett Organizations: CNBC, New York Times, Cisco, CompuServe, Yahoo, Cuban, Fortune, Hard Locations: Cuban

☆ Mark Cuban doesn't spend his billions on yachts, butlers, or chauffeurs because more staff means 'no privacy'
▼ + stars: | 2023-08-05 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Unlike fellow elites, Cuban doesn't own a luxury yacht, but he still makes pricey purchases. Billionaire businessman Mark Cuban doesn't want to let his financial status change him, and he's gone out of his way to maintain a normal life. However, on an episode of "The Really Good Podcast," Cuban said he avoids certain habits that are associated with the exorbitantly rich. "I just try to be the same person, I mean, as I was when I was poor, middle, and rich," Cuban told podcast host Bobbi Althoff. "I like the privacy," Cuban said.

Persons: Mark Cuban, Bobbi Althoff, he's, Cuban, I've, that's Organizations: Cuban, Morning, Dallas Mavericks, Forbes Locations: Texas, Dallas

☆ Why Mark Cuban doesn't own yachts or hire house cleaners: 'I try to be the same person I was when I was poor'
▼ + stars: | 2023-08-04 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When it comes to luxury spending, billionaire Mark Cuban draws the line at yachts, butlers and house cleaning services. "I just try to be the same person, I mean, as I was when I was poor, middle and rich," Cuban, 65, told "The Really Good Podcast" on Thursday. Cuban, a serial entrepreneur and startup investor, has a net worth of $5.1 billion, according to Forbes. Rather, Cuban's decision to not pay for certain services is less about frugality and more about his desire for a private life. Still, Cuban wants to remain the same person he was when he was "broke," he said on the podcast.

Persons: Mark Cuban, it's, He's, I've, that's, Cuban, CBS's, he'd, Jerry Katz, Paul Piff, Piff, Warren Buffett Organizations: Forbes, Gulfstream, Dallas Mavericks, University of California, TED, Cuban, CNBC Locations: Dallas, Indiana, Irvine, deservingness, Cuban

☆ Barbara Corcoran: This is the No. 1 quality that all ‘worthwhile employees’ share
▼ + stars: | 2023-07-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Barbara Corcoran knows what it takes to catapult your career to the next level. In her 20s, the multi-millionaire worked as a receptionist for the Giffuni Brothers' real estate company in New York City. She later founded her own residential real estate company, The Corcoran Group, with just $1,000 — and later sold it for $66 million. Corcoran says trying harder, working harder and going the extra mile when she was an employee helped her become successful, and she advises others to do the same. The only worthwhile employee is the employee who takes the most stuff off the boss' desk."

Persons: Barbara Corcoran, Corcoran, Mark Cuban, Randall Kaplan Organizations: The Corcoran, CNBC Locations: New York City, U.S

☆ Mark Cuban says his 13-year-old son is a 'little mini-me,' selling candy at school: 'He's hustling'
▼ + stars: | 2023-07-21 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Mark Cuban believes he became a billionaire because he's been hustling and selling since childhood. Cuban recently bragged about his 13-year-old son Jake's side hustle selling candy at school on an episode of comedian Kevin Hart's Peacock talk show "Hart to Heart." "He's hustling and selling stuff all of the time," Cuban said in the interview, adding that Jake is tracking and organizing his efforts, too. "He shows me his spreadsheet because he's buying candy and selling it at school," Cuban told Hart, chuckling. Hart noted that Cuban must have been "mind-blown" to see his son taking a candy side hustle so seriously.

Persons: Mark Cuban, he's, Cuban, Kevin Hart's Peacock, Hart, Jake, wouldn't, Cuban's Organizations: Dallas Mavericks, Cuban

☆ You can now find Costco-style low prices for generic prescription drugs at Kroger in a partnership with Mark Cuban's online pharmacy
▼ + stars: | 2023-07-20 | by ( Alex Bitter | Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Kroger is working with Mark Cuban's Cost Plus Drugs to offer some prescriptions at its pharmacies. Cost Plus customers can now pick up their drugs at one of 2,000 Kroger pharmacies. Patients who get their drugs through Cost Plus Drugs can now pick them up at one of 2,000 stores operated by Kroger, Cost Plus tweeted on Wednesday. He started Cost Plus in 2022. Cost Plus Drugs buys drugs directly from the manufacturer and ships them to patients at a 15% markup plus pharmacy fees.

Persons: Kroger, Mark Cuban's, Mark, — Mark, It's Organizations: Service, Kroger, — Mark Cuban, Plus Drug, Dallas Mavericks NBA, Costco, Walmart, Albertsons, Intelligence Locations: Wall, Silicon, Ralph's, Cuban

☆ Mark Cuban on the biggest career regret from his 20s—what he'd change if he could 'do it again'
▼ + stars: | 2023-07-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

"Early on in my career, I wanted to prove how smart I was and so I did a lot more talking than listening," Cuban said. At the time, Cuban says he was sleeping on the floor of a three-bedroom apartment with six roommates in Dallas. The desire to prove himself sometimes led Cuban to be "too cocky," he says, which could rub people the wrong way. The cable services company wanted to move Cuban's company HDNet, a high-definition TV provider, to a higher price tier. Cuban didn't like the deal and consequently sued DirecTV.

Persons: Mark Cuban, Chris Voss, Cuban Organizations: Dallas Mavericks, CompuServe, DirecTV, HDNet, National Basketball, Mavericks, Atlanta Hawks Locations: Dallas, Cuban

☆ Billionaire Mark Cuban swears by this ‘powerful’ negotiation hack: It’s ‘money in the bank’
▼ + stars: | 2023-07-12 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Mark Cuban often sits quietly while his "Shark Tank" co-hosts are in a bidding war — and it isn't a coincidence. There will be times when someone walks in on 'Shark Tank' and I'm thinking to myself: 'There's no way I'm interested. "When I listen to the other sharks, they're going to tell me if I have any competition financially to do a deal. "Silence is money … money in the bank." Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.

Persons: Mark Cuban, Chris Voss, It's, Cuban, Barbara Corcoran, I'm, they've, Warren Buffett Organizations: Fireside, MIT Sloan School of Management, CNBC Locations: Cuban

☆ Mark Cuban's online pharmacy set to launch Humira biosimilar
▼ + stars: | 2023-07-05 | by ( Michael Erman | ) www.reuters.com time to read: +2 min

July 5 (Reuters) - Mark Cuban Cost Plus Drugs, an online pharmacy launched by the billionaire to sell drugs directly to customers at low prices, should soon begin selling Coherus BioSciences's (CHRS.O) biosimilar version of AbbVie Inc's (ABBV.N) blockbuster rheumatoid arthritis drug Humira, Cuban said on Wednesday. Cost Plus Drugs will sell Yusimry for $569.27 plus dispensing and shipping fees. Coherus introduced its Humira biosimilar in the U.S. market this month alongside offerings from other drugmakers such as Boehringer Ingelheim, Sandoz and Organon (OGN.N). Cuban's Cost Plus Drugs aims to drive down the cost of drugs broadly by selling them at a 15% markup over its cost, plus pharmacy fees. Cuban said the company hopes to provide other biosimilar drugs as well.

Persons: Humira, Cuban, Coherus, AbbVie, Michael Erman, David Holmes Organizations: Cuban, Plus, Sandoz, Cuban's, Thomson Locations: U.S, Organon, Cuban

☆ Coherus BioSciences launches biosimilar version of AbbVie's blockbuster Humira
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +1 min

July 3 (Reuters) - Coherus BioSciences (CHRS.O) said on Monday it has launched a copycat version of AbbVie's (ABBV.N) Humira in the United States at a discount of more than 85% to the blockbuster arthritis drug. Coherus is the latest to launch a biosimilar to Humira in the U.S. market this month after Boehringer Ingelheim, Sandoz and Organon (OGN.N). Coherus said last month it would sell the biosimilar, branded as Yusimry, at $995 per carton, compared with the current list price of Humira of $6,922 per carton. The company has also partnered with billionaire entrepreneur Mark Cuban's pharmaceutical startup to sell the biosimilar at $569.27 plus dispensing and shipping fees. Usually prices fall, often dramatically, when multiple copycat versions of a widely-used medication enter the market.

Persons: Coherus, Boehringer Ingelheim, Mark, Sriparna Roy, Leroy Leo, Shounak Dasgupta, Arun Koyyur Organizations: Coherus BioSciences, Sandoz, Thomson Locations: United States, Humira, U.S, Organon, Bengaluru

☆ Mark Cuban says successful people share 1 trait 'most people' don't have: It's 'the one thing in life you can control'
▼ + stars: | 2023-06-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Between his own business success and his investments in hundreds of startups, Mark Cuban knows what it takes to be highly successful. There's one trait you should cultivate above all others if you want to be successful too, he says. "The one thing in life you can control is your effort," Cuban, 64, recently said in a LinkedIn video post published by entrepreneur and VC investor Randall Kaplan. And 29% of company executives worldwide think employees who don't go the extra mile won't be successful and risk being fired, Payscale's 2023 Compensation Best Practices Report found. DON'T MISS: Want to be smarter and more successful with your money, work & life?

Persons: Mark Cuban, Randall Kaplan, aren't, Cuban, doesn't, Lexi Clarke, It's, it's, that's, Warren Buffett Organizations: Entrepreneurs, CNBC Locations: U.S, Cuban

☆ Mark Cuban says Joe Rogan and Elon Musk have become everything they say is wrong with the mainstream media
▼ + stars: | 2023-06-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Cuban also slammed Rogan and Elon Musk for becoming everything they say is wrong with the media. Billionaire Mark Cuban has slammed Joe Rogan and Elon Musk on Twitter for becoming "everything" that they claim is wrong with the mainstream media. Cuban also said that Musk and Rogan have become exactly what they've said they hate about the mainstream media. "Joe, you and @elonmusk's @twitter are the mainstream online media and your platforms have become everything supposedly wrong with MSM. Hotez, for his part, has agreed to go on Rogan's show to talk about vaccines, but not to debate Kennedy.

Persons: Joe Rogan's, Rogan, Elon Musk, Mark Cuban, Joe Rogan, Peter Hotez, Robert F, Kennedy Jr, Hotez's, Kennedy, Elon, tweeting, Hotez, Rogan's, Cuban, Dr Hotez, Musk, they've, Joe, Bill Ackman chimed Organizations: Cuban, RFK, Twitter, Morning Locations: Cuban

☆ Mark Cuban: Here's what my younger self got right—and why so many people still get it wrong
▼ + stars: | 2023-06-14 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Don't seek out an investor, says billionaire entrepreneur Mark Cuban. Cuban — who is, notably, an investor on ABC's "Shark Tank" — launched his first tech company, a computer systems startup called MicroSolutions, using his own money. In 1994, Cuban and his friend Todd Wagner invested $10,000 in a small startup called Cameron Audio Networks. "What really gets me going is when people have an operating business where they've already gone for it. For unpredictable expenses, Moran recommended using your own funds.

Persons: you'll, Mark Cuban, Cuban, —, Todd Wagner, they've, I've, They've, Ryan Moran, Moran, Warren Buffett Organizations: Cuban, Cameron Audio Networks, Yahoo, LinkedIn, CNBC

☆ Mark Cuban says this is the No. 1 piece of advice he wishes he'd received in his 30s
▼ + stars: | 2023-06-13 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

"I wish somebody would have told me to be nicer," said Cuban, 64, when asked what advice he'd give his younger self. Cuban and his business partner Todd Wagner joined AudioNet, an audio streaming company, as co-founders in 1995 — alongside its original founder, Chris Jaeb. The company was later renamed Broadcast.com, and acquired by Yahoo for $5.7 billion in stock in 1999, making Cuban rich. For example, Lyft co-founders John Zimmer and Logan Green built their company using a "nice guy strategy," Zimmer told the Financial Times in 2017. 1 best piece of advice for regular investors, do's and don'ts, and three key investing principles into a clear and simple guidebook.

Persons: Mark Cuban didn't, he'd, Let's, Todd Wagner, AudioNet, Chris Jaeb, Todd, —, hadn't, Gartner, Caitlin Duffy, Duffy, Lyft, John Zimmer, Logan Green, Zimmer, Green, Mark Cuban, Warren Buffett Organizations: Yahoo, Gallup, CNBC, Employees, Financial Times Locations: Cuban

☆ Mark Cuban says Twitter's new algorithms are designed to help one man only: Elon Musk
▼ + stars: | 2023-05-27 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

This time, he's accusing Musk of rigging the platform to promote his own tweets and points of view. Last week, Cuban wrote he did his own deep dive into how Twitter determines who sees what posts. But it's very convenient for Musk, who as Cuban points out, is the most followed person on Twitter. "The largest Twitter account has the greatest reach," Cuban wrote. Those algorithms are more influential than before because of Twitter's new "For You" timeline, Cuban said.

☆ Barbara Corcoran says 90% of her 'Shark Tank' investments don't make her money—here's why she doesn't regret any of them
▼ + stars: | 2023-05-09 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

Barbara Corcoran doesn't want to hear your startup pitches outside of ABC's "Shark Tank." Rather, it's because only one in every 10 of her "Shark Tank" investments actually earns a profit, she said. Because of the high-risk nature of investing, the 74-year-old said she only pulls out her wallet for a select few "Shark Tank" pitches. She's not the only "Shark Tank" investor who feels that way. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."

☆ Mark Cuban says he's losing nearly 1,000 Twitter followers a day—and paying $8 for a blue check hasn't helped
▼ + stars: | 2023-04-29 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

And his experiment to fix the problem — paying for Twitter Blue, which costs $8 per month, to give his account the blue checkmark it used to sport for free — isn't working. Last month, he asked Twitter CEO Elon Musk in a tweet for suggestions on how to "retain or grow" his follower count. In December, Musk tweeted Twitter was "working on a software update" where users would be able to see if their accounts were shadow-banned or not. "We're rapidly improving transparency & fairness on this platform, but there is still a lot of work to do," Musk tweeted on Monday. The act damaged the blue checks' value by making them both less exclusive and less credible, Cuban suggested.

☆ Mark Cuban says he could get people to pay $100 for Twitter's blue checkmarks—Elon Musk's strategy is a 'huge mistake'
▼ + stars: | 2023-04-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

"There were 100 ways [Musk] could have asked legacy checks for $100," Cuban wrote. When rolling out the subscription service, Musk removed blue checkmarks from previously verified users, and made them available to anyone willing to pay. It's unclear whether he's paying for Twitter Blue or Musk is covering his subscription. Musk's implementation of Twitter Blue could make both elements harder for many users, particularly when they're no longer sure who they're actually speaking with. "Twitter still is the best game in town for so many different types of communications," Cuban wrote.

☆ NBA fines Mark Cuban's Mavericks $750K for tanking key game
▼ + stars: | 2023-04-14 | 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 EmailNBA fines Mark Cuban's Mavericks $750K for tanking key gameHosted 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. Shams Charania, Fan Duel TV's "Run It Back" co-host, joins the show to discuss the NBA fine against the Mavericks.

☆ Mark Cuban says the best way to start a business is with 'as little money as possible'—here's why
▼ + stars: | 2023-04-09 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

If you think that raising capital is the best way to get your business off the ground, you're wrong, according to Mark Cuban. Cuban, of course, has invested in hundreds of startups, including some on ABC's "Shark Tank." Now, I've got to go raise money,'" Cuban said, adding: "Just remember raising money, whether it's from me, on 'Shark Tank' [or] anywhere, that's an obligation. Elon Musk, who has an estimated net worth of $187.9 billion, owns about 23% of Tesla and 74% of Twitter, according to Forbes. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.

☆ Billionaire Mark Cuban says successful people aren't afraid to go broke: 'When you've got nothing to lose, you go for it'
▼ + stars: | 2023-04-06 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Before becoming a billionaire, Mark Cuban slummed it in an apartment with five other guys, sleeping on the floor and using "nasty" towels taken from a Motel 6. Those circumstances may seem pretty bleak, but they're exactly what drove Cuban to put his all into entrepreneurship. Cuban, who has an estimated net worth of $6.5 billion, referenced his "Shark Tank" co-star Daymond John's phrase "the power of broke," saying it's "one of the defining elements" of any successful business owner. Most people consult with friends and explore their idea on Google, but ultimately never follow through, Cuban said. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."

☆ Mark Cuban called on the Federal Reserve to step in and buy Silicon Valley Bank's debt 'to end the run'
▼ + stars: | 2023-03-11 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Mark Cuban pleaded with the Federal Reserve to buy the debt of SVB Financial Group. In a Twitter thread, "Shark Tank" star Cuban called on the Fed to step in and buy any debt belonging to SVB to prevent a run on deposits. "The Fed should IMMEDIATELY buy all the securities/debt the bank owns at near par, which should be enough to cover most deposits. Cuban added that if the Fed didn't act, trust in the banking system would become an issue. Cuban said a Fed purchase of SVB debt wouldn't constitute a bailout.

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