Harris focuses on vice presidential search as deadline nears
Public speculation about Harris’ selection has swirled around a cast of governors and senators, many from competitive swing states that could determine the outcome of the election.
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Hims & Hers adds longtime Novo executive to board amid weight-loss bet
Shortages of brand-name drugs made by Novo and Eli Lilly and Co. have allowed pharmacies to make what are essentially copies, and telehealth companies like Hims are selling them to patients at a steep discount.
Amazon rakes in $14.2B for Prime Day sale, up 11% from a year ago
Top-selling products included protein shakes, Amazon’s Fire TV Stick streaming device and Glad brand trash bags, according to Numerator.
Elevance Health stock falls as medical costs show signs of rising
The Indianapolis-based health insurance giant posted solid second-quarter results, but emerging pressure in Medicaid appeared to spook investors.
AutoNation warns cyberattack put big dent in quarterly profit
AutoNation said that certain ancillary services are still limited or unavailable, including those that help automate ordering, scheduling, payment and reporting processes.
Hacked firm says all auto dealers should be live again by July 4
CDK suffered two cyberattacks that forced its systems offline for days, slowing down everything from scheduling, service repairs, parts deliveries and car purchases at auto dealerships in both the U.S. and Canada.
Medicare cutting prices of 64 drugs that outpaced inflation
Some of America’s seniors will see their out of pocket costs fall for more than five dozen drugs—including treatments for osteoporosis and cancer—as part of the White House’s crackdown on rising pharmaceutical prices.
Weight-loss-drug frenzy lures rich Indians to brave the gray market
The race to score blockbuster weight-loss drugs like Eli Lilly’s Mounjaro and Zepbound is pushing one of the world’s largest population of people with obesity to creative lengths.
Michigan’s largest insurer to drop weight-loss drug coverage
Obesity drugs such as Novo’s Wegovy and Lilly’s Zepbound are exploding in popularity. But with list prices of $1,000 a month or more, insurers are balking at the prices and trying to limit how widely they’re used.
Moderna’s flu-COVID combo shot hits goal in late-stage trial
The company is one step closer to a more convenient jab that could help combat vaccine fatigue.
Class-action lawsuit against NFL by ‘Sunday Ticket’ subscribers gets underway
The class-action case covers more than 2.45 million commercial and residential subscribers from 2012 to 2022. The NFL could be liable for up to $21 billion if it loses.
EBay to stop taking American Express cards after fee dispute
The two firms have been embroiled in negotiations about the merchant discount rates—also known as interchange fees—charged by Amex at the point of sale. The fees have long been a headache for merchants.
Britain poised to offer Eli Lilly’s weight-loss drug to patients
If the guidance is confirmed, Mounjaro will challenge the dominance of Novo’s Wegovy in the United Kingdom.
Weight-loss drug shortages lead to tracker from startup
Ro’s tracker is the latest in the frenzy surrounding weight-loss drugs made by Novo Nordisk and Indianapolis-based Eli Lilly and Co.
China clears Eli Lilly’s weight-loss drug, only for diabetes now
The pharmaceutical weight-loss market is predicted to reach at least $100 billion by 2030, according to Goldman Sachs.
Hims debuts $199 weight-loss shots, takes aim at Lilly’s Zepbound
Hims can offer the prescription weight-loss drugs because U.S. regulators have rules that allow pharmacies to make copycat versions of drugs in shortage, a practice that’s known as “compounding.”
Convention centers bounce back as cities borrow for makeovers
The travel industry is roaring back from a pandemic slump, putting pressure on local governments to ensure their cities are equipped with the best facilities to accommodate swanky concerts, sporting events and conferences.
Study: Amazon warehouse workers say they struggle to afford food, rent
Amazon is the second-largest private-sector employer in the U.S. behind Walmart Inc. and accounts for about 29% of the U.S. warehousing industry workforce, the researchers estimated.
U.S. holiday road trips seen hitting record in post-COVID boom
Notably, the number of expected travelers this year surpasses 2019 levels, showing that the travel industry has recovered from the pandemic and is thriving again.
In suit co-led by Indiana, red states challenge Biden’s coal-plant pollution curbs
Indiana Attorney General Todd Rokita called the effort an overreach “that threatens the reliability of our power grid and will once again jack up utility costs for regular, everyday Hoosiers.”