The analysis released by health policy research organization KFF indicates that more than 3 million Medicare beneficiaries could be eligible for coverage of Wegovy, a newly approved weight loss drug that also promotes heart health. However, despite this eligibility, some beneficiaries may still face out-of-pocket costs for the drug, and certain Medicare prescription drug plans
Business
Despite reporting quarterly earnings and revenue that surpassed analysts’ expectations, PepsiCo faced challenges in the U.S. market. Weaker demand, caused by Quaker Oats recalls and backlash to higher prices for its products, led to a decline in shares by more than 2% in morning trading. The company reported earnings per share of $1.61, higher than
The real estate market is experiencing a stark contrast between the luxury sector and the rest of the market. While overall real estate sales have fallen by 4% nationwide, luxury real estate sales have actually increased by over 2%. This disparity is attributed to factors such as interest rates and supply. Mortgage rates have exceeded
The recent overwhelming vote by Volkswagen workers in Chattanooga, Tennessee, to join the United Auto Workers (UAW) marks a significant achievement for the union. This victory is particularly notable as it represents the first successful organizing drive of an automaker outside of Detroit’s Big Three. The National Labor Relations Board reported that the union organizing
Lululemon, the popular athletic apparel retailer, recently announced its decision to shut down its distribution center in Washington and lay off 128 employees. This move comes after the company opened a massive new warehouse outside of Los Angeles. The decision was made in order to optimize the company’s distribution network and better support its growth
Netflix recently announced a significant shift in its reporting strategy by stating that they will no longer provide quarterly membership numbers or average revenue per user starting next year. This decision comes as the company reported earnings that surpassed expectations on both the top and bottom lines. The total memberships for the quarter rose by
Despite recent safety issues in the aviation industry, airline executives remain optimistic about the increasing demand for flights. United Airlines and Delta Air Lines have both reported record numbers of travelers expected this summer, indicating a strong demand for air travel. Despite concerns about safety and inflation impacting household budgets, consumers continue to book flights
Republican governors from six states in the South recently spoke out against the United Auto Workers’ (UAW) efforts to organize automotive factories in their region. They warned that the union’s actions could potentially lead to job layoffs and reduced future investments in the industry. The joint statement, signed by governors in Alabama, Georgia, Mississippi, South
Boeing has recently come under fire following allegations made by one of its engineers, Sam Salehpour, regarding shortcuts taken in the production of the 787 Dreamliner and 777 aircraft. Salehpour claimed that the assembly process of the 787 put excessive stress on airplane joints, potentially impacting the lifespan of the planes. However, Boeing has staunchly
The adoption of all-electric vehicles by U.S. consumers has been slower than anticipated. However, Hawaii has emerged as a growing leader in EV adoption, ranking fifth in overall EV adoption at 11.9% of new retail vehicles sold through February of this year. According to J.D. Power, Hawaii also holds the third position in the “EV