Heart medication can be a big financial strain, but the reconciliation bill could help
A key provision in Senate Democrats’ budget reconciliation bill that caps out-of-pocket spending on prescription drugs for Medicare beneficiaries at $2,000 a year could be a lifeline for millions of older adults struggling to pay for heart medications Drug prices are a “profound and challenging” issue for people taking heart medications, said Dr. Khurram Nasir, chief of the division of cardiovascular prevention and wellness at the Houston Methodist Heart and Vascular Center. Heart disease is the No. 1 killer of Americans, according to the Centers for Disease Control and Prevention. Nearly 700,000 people die from it every year. According to…
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The market rally offers tough lessons for fund managers
Oh, poor fund managers. Why the long faces? July was great! The S&P 500 had its best performance since late 2020, rallying 9%. It was one of the best months in the market of all time. Of course, the withdrawal of generosity from the world’s major central banks introduces a new wave of volatility in asset prices, but this has to be the rally we’ve all been waiting for, right? Apparently not. Instead, it seems to be another pain trade. Bank of America notes that despite last month’s super rally, only 28 percent of active fund managers focused on large…
Read More »The London Stock Exchange Group reports a 73% jump in profits.
The London Stock Exchange Group reported on August 5 a significant increase in pre-tax profit for the first half of 2022 and said it was launching a share buyback program with an aggregate value of up to 750 million of pounds ($911.9 million). The listed company made a pre-tax profit of £803m compared to £463m in the same period a year earlier. Total revenue including recoveries rose to £3.74bn from £3.02bn in the year-ago period. TO READ The head of the London Stock Exchange: “It should not be easier to invest in crypto than capital markets” The board declared an…
Read More »Paytm Stock Price: Stocks in News: Titan, Adani Enterprises, Paytm, Britannia, Yes Bank and Lupine
Smart futures on the Singapore Stock Exchange traded 51.5 points, or 0.30 percent higher, at 17,448.5, indicating that Dalal Street was headed for a positive start on Friday. Here are a dozen stocks that may emerge higher in today’s trade: Titan, M&M, Nykaa: Titan Company, Mahindra & Mahindra, FSN E-commerce Ventures, Petronet LNG, NMDC, , , , Pfizer, IRB Infra and UCO Bank are among the companies to announce their earnings for the quarter ended June 2022. Adani Companies: Group flagship company Adani reported a 76.48% rise in consolidated profit at Rs 468.74 crore in the first quarter ended June…
Read More »Stricter IRS compliance central to economic package Dem
WASHINGTON (AP) – After more than a decade of mostly losing, the Internal Revenue Service may finally get the infusion of cash it has long wanted in the economic package that Democrats are working furiously to push through Congress before August break. Under a deal worked out by Senate Majority Leader Chuck Schumer and West Virginia Sen. Joe Manchin, the bill would spend an additional $79.6 billion at the beleaguered agency over the next 10 years. The plan would generate $203.7 billion in additional revenue for the federal government over that time period, with a net gain of more than…
Read More »FuboTV publishes financial results for the second quarter of 2022
NEW YORK–( BUSINESS WIRE )– FuboTV Inc. (NYSE: FUBO), the leading live sports television streaming platform, today announced its financial results for the second quarter ended June 30, 2022. FuboTV’s streaming business in North America (US and Canada) delivered double-digit year-over-year growth in total revenue (up 65% to $216.1 million), advertising revenue (up 32% to $21.7 million) and paid subscribers (up 41% to $21.7 million). 946,735) during the second quarter. The company’s streaming business in the rest of the world (France, Spain) ended the quarter ahead of expectations with approximately 347,000 total paying subscribers and $5.8 million in total revenue….
Read More »Universal Display Corporation announces retirement plans for Chief Financial Officer Sidney D. Rosenblatt
EWING, NJ–(BUSINESS THREAD)–Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that after 26 brilliant and remarkable years with the company, Sidney D. Rosenblatt plans to retire as Chief Financial Officer at the end of this year. Rosenblatt will remain on the company’s Board of Directors. Universal Display also announced today that Brian Millard has been named Chief Financial Officer, effective September 6, 2022. “It has been more than two and a half wonderful and tireless decades building and shaping Universal Display Corporation from a three-person startup to a successful global…
Read More »New Relic Announces David Barter as Chief Financial Officer
SAN FRANCISCO–(BUSINESS THREAD)–New Relic (NYSE: NEWR), the observability company, announced David Barter as the company’s next Chief Financial Officer. In this role, Barter will oversee global financial operations. Barter will take over the role of CFO from Mark Sachleben, who, as previously announcedwill retire from the company after 14 years of service. “David brings exceptional experience accelerating the business goals of high-growth companies such as Microsoft and General Electric, and he is the right leader to be our next CFO,” said Bill Staples, CEO of New Relic. “His fresh perspective, integrity, determination and accountability will be invaluable to New Relic…
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