American drug deaths skyrocketed in 2016, new report shows
The rate of deaths increased slightly in every quarter of 2016, indicating an accelerating epidemic. That crisis has been driven by opioid abuse.
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Powell pledges to pursue Fed’s employment, inflation goals
Jerome Powell, President Donald Trump’s pick to lead the Federal Reserve, pledged to pursue the U.S. central bank’s goals of stable prices and maximum employment while keeping a watchful eye on financial sector risks.
House tax-reform bill contains major changes for businesses, individuals
The bill would cap the mortgage-interest deductions on pricier homes, but includes no changes to popular 401(k) retirement plans. It’s not expected to repeal the Obamacare individual mandate. It would cut individual tax rates for millions of Americans, but not for earners at the very top.
Trump to pick Powell as Federal Reserve chairman, sources say
Trump, who has said he’ll announce his pick Thursday, would be choosing a former private-equity executive who favors continuing gradual interest-rate increases and sympathizes with White House calls to ease financial regulations.
Papa John’s blames NFL ‘debacle’ for hurting its pizza sales
Papa John’s International Inc. founder John Schnatter is going after NFL Commissioner Roger Goodell, saying weak handling of the league’s national-anthem controversy has hammered sales of his pizza.
Trump-Russia collusion probe intensifies as three are charged
The federal investigation into whether President Donald Trump’s campaign colluded with Russia took a major turn Monday when authorities revealed that three people were charged with crimes ranging from money laundering and tax evasion to lying to the FBI.
Aetna shares surge after reports of $66B offer from CVS
A deal would create a health-services giant and a bigger competitor for UnitedHealth Group Inc., which is the largest U.S. health insurer and has its own own clinics and a pharmacy-benefits unit.
FCC chairman moves to end TV-newspaper ownership ban
The chairman of the Federal Communications Commission said he’ll move to weaken or kill local media ownership restrictions next month, potentially clearing the way for more consolidation among companies that own TV and radio stations.
Trump wants to make mark on Fed, but could keep ‘terrific’ Yellen
President Donald Trump said he’s narrowed his Federal Reserve decision to “two and maybe three people” and an announcement will come in a “very short period of time.”
Regal Cinemas plan would let you pay less for flops, more for hits
Regal Entertainment Group is testing demand-based pricing for movies, a big change for an industry that typically uses a one-size-fits-all approach.
Sears stops selling Whirlpool, ending 100-year partnership
The struggling national retailer will no longer carry Whirlpool brands, including Maytag, KitchenAid and Jenn-Air, following a pricing disagreement.
Trump rejects idea of new caps on 401(k) savings in tax plan
President Donald Trump on Monday shot down reports that House Republicans were considering tweaking or capping one of the most popular breaks.
Anthem breaks with Express Scripts, to start own drug plan with CVS
Indianapolis-based insurer Anthem Inc. said it will set up its own pharmacy benefits management unit, signaling a final break with Express Scripts Holding Co. after the health insurer accused Express of overcharging it by billions of dollars.
Senators reach bipartisan deal to prop up Obamacare, keep subsidies
Senators in both political parties say they’ve reached agreement on fixes to stabilize Obamacare just two weeks before Americans start signing up for 2018 coverage.
Sinclair might sell up to $1B in TV stations to complete Tribune deal
Sinclair Broadcast Group Inc. received bids for as many as 10 television stations as it takes steps to win approval of its proposed merger with Tribune Media Co., people familiar with the matter said. Tribune Media owns two local stations.
Trump says his Fed chair pick will be one of five already named
President Donald Trump said he plans to choose from among five finalists to be the next Federal Reserve chair and will make his decision soon.
Toyota, Mazda seeking $1B in incentives for joint car factory
Indiana is among more than a dozen states trying to land the $1.6 billion project, which could require a generous outlay from the winning locale.
Obamacare insurers, states rush to react to Trump’s latest move
Indianapolis-based Anthem Inc. declined to say Friday whether it would retreat even further from Obamacare than it already has in recent months.
Carson’s parent seeing supplier pullback reminiscent of Toys ‘R’ Us
Some of the suppliers for Bon-Ton Stores Inc.—the parent of Circle Centre’s only anchor store—are scaling back shipments and asking to be paid sooner in order to protect themselves from potential losses.
Trump moving ‘step by step’ to take apart Obamacare on his own
Shares of publicly traded hospital chains including Tenet Healthcare Corp. slumped on Friday, as did insurers such as Centene Corp. and Anthem Inc.