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Innergex Renewable Energy Posts Q4 Profit

Innergex Renewable Energy Inc. reports fourth quarter 2022 earnings of $23.8 million

Pharma v. Pharmacy: Battle Over Drug Costs Heats Up in Washington

Pharmaceutical companies and pharmacy benefit managers (PBMs) battle in Washington, D.C., over patient savings and limiting patient choices. PBMs defend their value in healthcare, while scrutiny intensifies over their rebate strategy and impact on drug costs. New models like GoodRx and Cost Plus Drugs emerge as alternative drug access options, challenging the traditional role of PBMs.

TCL replaces Panasonic as IOC global partner

TCL becomes the new Olympic sponsor replacing Panasonic in an eight-year deal through 2032. The Chinese company will provide home audiovisual equipment and appliances, AI solutions, and support for the Olympic Village.

Pharmaceutical Companies and PBMs Wage Battle in Washington

CVS Health (CVS) and other PBMs defend their role as drug cost managers amid scrutiny over rebate strategies and patient choices. As new low-cost options emerge, the industry faces challenges from Walmart, GoodRx, and telehealth partnerships.

Fortescue Profit Plunges 53% as Iron Ore Demand Weakens

Fortescue's profit plunges 53% on weak iron ore demand from China; dividend halved; Iron Bridge project update.

Wall Street Bank CEOs See Pay Bumps, with Citigroup's Fraser Getting Biggest Boost

Citigroup CEO Jane Fraser received a 33% pay raise to $34.5 million in 2024, the biggest increase among Wall Street bank CEOs.

AheadComputing Raises $21.5 Million in Seed Funding for RISC-V Chip Development

AheadComputing, a newly formed chip startup, has raised $21.5 million in seed funding to develop RISC-V based technology and chips to solve computing performance issues in AI.

Elon Musk's Silence on Trump's Tariff Plans Raises Questions About Tesla CEO's Political Stance

Elon Musk remains silent on President Trump's tariff plans, despite his frequent tweeting and support for the president's agenda. Musk's past comments on tariffs have focused on reciprocity to drive down duties, while Trump touts tariffs as beneficial and a revenue source. Musk's meeting with Indian Prime Minister Modi raised concerns about potential conflicts of interest related to Tesla's business interests in India, which could be affected by EV tariffs.

New Weight-Loss Treatments Aim to Preserve or Grow Muscle

Current weight-loss methods often lead to muscle loss, increasing the risk of falls and reducing strength. Several companies are developing new treatments that aim to preserve or grow muscle mass while promoting weight loss, including Eli Lilly, Regeneron, Scholar Rock, Roche, Biohaven, Keros Pharma, Elevai Biosciences, Veru, 35 Pharma, Arrowhead Pharmaceuticals, and Six Peaks/AstraZeneca.

Musk's Political Role Damages Tesla's Brand, Sales

Elon Musk's controversial role in the Trump administration has damaged Tesla's brand image, leading to protests and declining sales. A Quinnipiac poll shows voters disapprove of Musk's actions, and an American EV Jobs Alliance survey found EV drivers gave him a negative rating. Tesla employees reportedly fear Musk has damaged the company's brand, and January sales have fallen in Germany, France, Norway, and the UK.