Business

The price of Novo Nordisk's blockbuster diabetes and weight loss-related drug Ozempic will be cut, according to President Donald Trump. Trump said this week during a White House event on fertility treatments and drug pricing the price reduction will come after swift negotiations with the drugmaker."They'll be much lower," Trump told reporters. TRUMP'S QUEST TO REDUCE DRUG PRICES IS HEATING UP. BUT WILL HE BE ABLE TO DO IT?Novo Nordisk is the […]

Adults are living longer, but there's a caveat: Their retirement funds aren't keeping up with their longer lifespans, according to a recent report. John Hancock’s Longevity Preparedness Index (LPI), which was developed with MIT AgeLab, revealed that U.S. adults are largely underprepared to live well as they age. The index measures how much Americans are going to thrive later in life across eight key domains: social connection, daily activities, care, home, […]

Federal Reserve Governor Stephen Miran downplayed the economic impact of President Donald Trump's sweeping trade measures, saying there’s little evidence the new tariffs are weighing on growth or stoking inflation.Miran, who spoke at Semafor’s World Economy Summit on Thursday, said there have been "no real material signs of growth drags, no real material signs of an inflation spike." Pressed on whether consumers would end up paying more as companies pass along […]

President Donald Trump said he may attend next month’s Supreme Court oral arguments in a key tariffs case that could decide the future of his trade policy.His attendance would make Trump the first sitting president ever to witness Supreme Court arguments in person.The White House did not immediately respond for further comment.TRUMP TARIFFS HAUL OVER $200B IN REVENUES AS SUPREME COURT WEIGHS CHALLENGE TO LEGALITY"We have a big case coming […]

As part of a special federal task force investigating where a staggering $24 billion designated for homelessness in California has ended up, the Department of Justice revealed initial findings on Thursday, announcing new criminal cases against two LA area real estate developers who the federal government says misused roughly $50 million in a combination of federal, state and local dollars earmarked for homelessness."This is not a victimless crime," said Akil […]

JPMorgan Chase CEO Jamie Dimon warned this week that there could be credit risks lurking in the economy, saying that "when you see one cockroach there are probably more."Dimon spoke on the bank's quarterly earnings call on Tuesday and acknowledged that the firm had to take a $170 million write-off in the third quarter related to the bankruptcy of subprime auto lender and dealership Tricolor. He also pointed to the bankruptcy of auto […]

Hundreds of thousands of Ford vehicles in the U.S. are being recalled due to seatbelt and rearview camera issues, regulators said on Friday.The National Highway Traffic Safety Administration (NHTSA) said in a Friday notice that 332,778 Mustang vehicles from model years 2015-2017 were recalled because water and road salt may corrode the front seat belt anchor pretensioner cables. NHTSA warned that the corroded cable can break, which would prevent the seat […]

Samuel Adams continues its trend of working with Boston sports legends to produce beer that encapsulates not just the player, but the passionate fan base they played for under the lights. This time, the beloved brewery teamed up with Vince Wilfork, the ex-New England Patriots star defensive tackle, to release a beer with a playful twist on his name. The "Vince Grill-Fork Lager," a limited-edition Vienna-style lager that was made to go […]

Major mobile payment services, PayPal and Venmo, along with video-sharing platform YouTube, experienced widespread outages within a 24-hour period.PayPal and Venmo outages started at about 11 a.m. Thursday, with tens of thousands of reports about worldwide outages on both sites by noon, according to Downdetector.com, an online user reporting system.As of 3 p.m., the issue seemed to have been resolved.VERIZON NAMES FORMER PAYPAL BOSS DAN SCHULMAN AS CEOIn a statement […]