Americans spent an estimated $71.7 billion on GLP-1 drugs including Ozempic and Wegovy in 2023, a 500% increase from their spending on such drugs five years earlier, according to a research letter published earlier this month in JAMA Network Open.... Read More
Eli Lilly & Co. plans to manufacture its new weight-loss pill in the United States for patients around the world as President Donald Trump presses companies to move production back to American shores.... Read More
President Donald Trump’s tariff exclusions for smartphones and other tech products have added to a growing set of confusing signals for companies and trading partners digesting how to engage a White House still promising to negotiate dozens of new deals.... Read More
A widely followed survey from the University of Michigan found that consumers’ expectations for the next year’s inflation jumped to 6.7%, the highest reading since 1981. ... Read More
The automaker has outlined a program in which suppliers would apply for help from the company to make monthly tariff payments to the U.S. government, according to a person familiar with the matter. ... Read More
Companies such as Target, Abercrombie & Fitch, and Best Buy recently painted a gloomy picture for the upcoming year as consumers contend with stubborn inflation and potential fallout from President Donald Trump’s tariffs on imported goods.... Read More
Last summer, General Motors got bad news in its years-long push to start a new bank. Now, as the Trump administration pledges to ease business restrictions, GM is taking another shot with hopes of a more receptive audience.... Read More
According to a memo obtained by The Washington Post, the cuts are meant to reduce the department’s workforce to just under 400,000 employees, its size in 2019. ... Read More
The company is reducing the cost of its 2.5 milligram and 5 milligram Zepbound vials to $349 and $499 a month, respectively, according to a statement. That’s about $50 less than current prices.... Read More
Monday’s announcement comes less than two weeks after the retailer announced it would close more than two-thirds of its stores, including 20 in Indiana.... Read More
