AI + Smart Glass = A Nasdaq Sleeper

This recent Nasdaq IPO is quietly making waves, thanks to its 95% market share in a $240M aerospace niche. With patented technology that integrates AI into smart glass, this company is poised for massive growth as the market races toward $124 billion by 2029.

High insulin prices spur a federal lawsuit against three pharmacy benefit managers

TOM MURPHY
September 20, 2024

The federal government is suing some big pharmacy benefit managers over a system of drug rebates that regulators say has made the price of insulin soar for diabetic patients.

Three companies that process about 80% of prescriptions in the United States -- Caremark, Express Scripts and OptumRx -- have engaged in anticompetitive practices that spur price increases, the Federal Trade Commission alleged in a lawsuit filed Friday.

Pharmacy benefit managers, or PBMs, run prescription drug coverage for insurers, large employers and other clients. They set up formularies, or lists of covered drugs, and negotiate rebates off the drug prices.

The FTC said the rebating practices of the three companies have led to artificially inflated list prices for people. List prices are what a drugmaker initially sets for a product and what people who have no insurance or plans with high deductibles are sometimes stuck paying for prescriptions.

For years, pharmacy benefit managers have been the target of ire for politicians, patients and others. But PBMs have said they play an important role in controlling drug costs and pass along most of the discounts they negotiate to their clients.

Some of the PBMs named by the FTC said in statements that the government's action showed that it does not understand how drug pricing works.

But the FTC said the current system prioritizes insulins that come with high list prices and excludes lower-priced products. That, the FTC said, helped PBMs and their group purchasing organizations "line their pockets while certain patients are forced to pay higher out-of-pocket costs" for insulin, which is used by people with diabetes.

Caremark said Friday that it negotiates deep discounts for its clients and helps make insulin affordable for their members.

Express Scripts said the FTC has chosen "to ignore the facts and score political points, rather than focus on its duty to protect consumers."

Optum called the FTC accusations baseless and said PBMs "are the key counterweight to pharmaceutical companies' otherwise unchecked monopoly power to set and raise drug prices."

___

The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute's Science and Educational Media Group. The AP is solely responsible for all content.

Continue Reading...

Popular

Fishermen say Trump's DOGE budget cuts are preventing them from adopting climate-friendly technology

BREMEN, Maine (AP) — Commercial fishermen and seafood processors and distributors looking to switch to new, lower-carbon emission systems say the federal funding they relied on for this work is either frozen or unavailable due to significant budget cuts promoted by President Donald Trump’s .

The Gold Shift No One's Talking About - Yet - Ad

Massive gold shipments are quietly moving from London to the U.S.--no headlines, no explanations. Could a full-scale audit or a new gold-backed system be coming? Smart money isn't waiting. My gold strategy is already doubling physical gold's returns this year.

Edmunds: Avoid these five mistakes when buying a used vehicle

It can be a smart money-saving move to buy a used vehicle instead of a new one. The average price gap between new and used vehicles is more than $20,000, according to recent Edmunds’ sales data. But many used-vehicle shoppers make costly mistakes that can be avoided with a little research and preparation. Here are five common mistakes identified by Edmunds’ experts and what you can do to avoid them.

Arizona Supreme Court taps AI avatars to make the judicial system more publicly accessible

PHOENIX (AP) — Arizona's highest court has created a pair of AI-generated avatars to deliver news of every ruling issued by the justices, marking what is believed to be the first example in the U.S. of a state court system tapping to build more human-like characters to connect with the public.

Are you owed an extra $2,105 a month in extra cash? - Ad

A little-known "loophole" has allowed a handful of regular Americans to legally collect over $109,200,000 in bonus cash. And today's your chance to join them. It doesn't matter how old you are or even how much money you make. And my research shows there's no way you can be denied from taking part in this opportunity.

'Black Swan' Hedge Fund Posts 4,000% Profits During COVID-19 Market Crash: Here's How

Universa Investments hedge fund, led by billionaire investor Mark Spitznagel, posted a 4,144% return in a single quarter during the COVID-19 market crash in early 2020. Here's a look at how he did it.

Forget Nvidia - This Odd Tariff Play Is Now Going Viral - Ad

As President Trump slaps China with new tariffs, the Fed is boxed in--and gold is skyrocketing just like it did during Trump's first term. JPMorgan just grabbed $4 Billion in gold bars... should you? Discover a "Tariff Assistance Loophole" to move funds from your IRA & 401(k) into gold--tax-free!

Hong Kong's leader swipes at Trump but avoids criticism of tycoon's deal to sell Panama Port assets

HONG KONG (AP) — Hong Kong's leader has waded into a controversy over a to sell its Panama Canal port assets to a consortium including American investment bank BlackRock Inc., a deal that has angered Beijing and highlights how escalating tensions between Beijing and Washington can leave the Chinese financial center’s business leaders trapped in the middle.

March 20th: The NEXT 50X Nvidia Call - Ad

In 2016 Louis Navellier made a big prediction regarding Nvidia's GPUs... Its stock price was a split-adjusted $1 and went up more than 7,000% at its peak. Don't miss Louis NEXT BIG Nvidia call. (Plus 6 stocks you need to own before March 20th.)

Apple's iPhone 17 Air to Usher in New Era of Slimmer, Portless Models

Apple is set to introduce a slimmer iPhone 17 Air model, marking a potential shift towards portless iPhones.

Gold's About to Go Parabolic? (Trump's First Term Sent It Soaring) - Ad

During President Trump's first term, tariffs & rate cuts sent gold soaring 57%. Now, Trump is using the same playbook. Are you expecting different results? Hint: Gold is now surging, and experts predict gold could hit $4,000... even $10,000! Move funds from your IRA & 401(k) into gold--TAX & PENALTY-FREE--while you still can!

Canada Claps Back At 'Unjustified' Trump Tariffs On Dairy, Lumber

Canada's Trade Minister Mary Ng called the potential dairy tariffs "completely unjustified" and emphasized efforts to remove existing tariffs.

13-Second Trump Video Could Trigger AI Shock - Ad

Louis Navellier, the legendary investor who picked Nvidia before shares exploded as high as 3,423%... Just released a video with this 13-second Trump clip about the current AI boom. Please, do NOT buy any AI stock before watching that clip. What President Trump said in that clip could have implications for this AI boom.

China's Viral AI Agent Manus Taps Alibaba's Qwen For Local Expansion: What You Need To Know

China's Manus AI, a viral autonomous agent developed by Tencent-backed startup The Butterfly Effect, is partnering with Alibaba's Qwen team to create a localized version as it gains global attention and draws comparisons to DeepSeek.

Globetrotting CFA Discovers Top Four Gold Miners With 100X Upside Potential - Ad

Most CFAs sit at a desk... But one unusual CFA went all-in on gold investing 20 years ago... and accidentally positioned himself as the expert's expert for the current bull market. Garrett Goggin's research has led him to the the Top Four miners sitting on potential upside of 100X or more for the current gold mania. He's been offered as much as $100k by Hedge Funds.

Rocket Lab Launches Final Kinéis Satellite, Enabling Global IoT Coverage

Rocket Lab USA successfully launches Electron rocket, deploying five satellites for French IoT operator Kinéis in under a year.

Samsung Apologizes Yet Again For AI Missteps, Promises Major Deals As Shareholders Fume Over Plunging Stock: 'Our Company Failed To...'

Samsung's CEO apologized for the second time in five months, admitting failures in AI strategy and vowing major deals to regain lost ground as investors grow increasingly frustrated over the company's lagging stock and weakened tech leadership.

Bill Gates' Next Big AI Bet: Stargate Could Be a Game-Changer - Ad

Jeff Brown, the tech expert who predicted Bitcoin, Nvidia, and Tesla, reveals Bill Gates' new AI project, Stargate. Could this be the next big AI breakthrough?

Tesla, Luminar, Reddit, Intel, Alibaba: Why These 5 Stocks Are On Investors' Radars Today

The stock market experienced a notable rise on Friday, with the S&P 500 gaining over 0.65% to 5,675.12 and the Nasdaq Composite climbing 0.3% to 17,808.66.

Brazilian authorities suspend the airline involved in last year's crash that killed 62

SAO PAULO (AP) — aviation agency on Tuesday suspended the operating license for local airline Voepass, citing security risks as an investigation continues into a that killed all 62 people on board.

Washington Won't Save You--but This 4-Step Plan Might - Ad

America's economy is unraveling--soaring costs, skyrocketing debt, and Wall Street insiders dumping stocks. This isn't a recession--it's an economic breakdown. Stocks could crash 50%, real estate 40%, and inflation will eat your savings. But history shows: the biggest crashes create the biggest fortunes--if you act now!

This 'Dune' isn't fiction. It's the longest conveyer belt in the US and moving sand in Texas

KERMIT, Texas (AP) — It's longer than the width of Rhode Island, snakes across the oil fields of the southwest U.S. and crawls at 10 mph – too slow for a truck and too long for a train.

Fashion trends for fall: Big shoulders, even bigger coats and a color story to dye for

PARIS (AP) — Paris has spoken, and fashion’s final authority has laid down the law: This coming fall, it’s all about power shoulders, enveloping outerwear, and a color palette that runs from somber to surreal.

Trump's Tariff Move Has Created a Massive Opportunity for 401(K)S - Ad

As President Trump slaps China with new tariffs, the Fed is boxed in--and gold is skyrocketing just like it did during Trump's first term. JPMorgan just grabbed $4 Billion in gold bars... should you? Discover a "Tariff Assistance Loophole" to move funds from your IRA & 401(k) into gold--tax-free!

Warren Buffett on Debt and Donald Trump's Money Moves: Trump 'Never Went Right'

In a piece of advice that continues to hold relevance, investor Warren Buffett once warned students about the perils of excessive borrowing, citing Donald Trump as a case in point.

Asian shares slip as investors brace for further uncertainty over tariffs, await US jobs report

BANGKOK (AP) — Asian shares were mostly lower on Friday, with Tokyo’s benchmark down more than $2 after a on Wall Street.

Man Who Predicted 2008 Crash Issues Dire Warning: "Get Out of Stocks Now" - Ad

Tech stocks are tanking--Nvidia down 30%, Tesla 50%--and ex-Wall Street CEO Dylan Jovine says it's about to get worse. He predicted the 2008 crash & made 700% gains while the market collapsed. Now, he's moving millions into a billionaire safe haven--and revealing his 4-step strategy. Don't wait!

Which US companies are pulling back on diversity initiatives?

A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in 2020.

Edmunds: 2025 Honda CR-V vs. 2025 Subaru Forester

The is a redesigned model, but Subaru didn’t exactly stray from the formula of the last generation. It’s still a boxy small SUV with great visibility, adventure-ready versatility, and a no-nonsense approach to interior design. Its many upgrades for 2025 help keep it competitive, but how does it fare against the class best?

The $20 Trillion Secret of Room 3330 - Ad

Developed by the U.S. military 79 years ago, this controversial technology is about to change American life forever: Elon Musk has already funneled $6 billion to resurrect this covert project -- and the companies involved are minting 10,000 millionaires every week [Goldman Sachs].

Nvidia Shares up Over 3% After Key Signal, Reversing Early Decline

A significant trading signal occurred for Nvidia stock, as it demonstrated a Power Inflow at $115.07, after which NVDA rose up to 3.4%.

Electric vehicle owners don’t buy gas. States look for other ways to pay for roads and bridges.

PORTLAND, Ore. (AP) — The pothole outside Timothy Taylor's home was so deep, he could hear the clunk of cars hitting it from inside his house.

The Fort Knox Cover-up? What It Means for Gold - Ad

Trump and Musk are demanding answers: Is Fort Knox empty? If the gold is gone, supply collapses, and prices could skyrocket instantly. Right now, I've uncovered 5 major gold predictions that could make this Fort Knox moment even bigger than people realize. One of them is already unfolding--and the window to act is closing fast.

Warren Buffett Rakes In $607 Million While Elon Musk, Jeff Bezos, And Other Top Moneybags Bleed $67 Billion In A Day Amid Market Wipeout

The world's top tech billionaires saw their fortunes plummet on Monday as markets tumbled, with the Magnificent Seven tech giants shedding approximately $780 billion in market capitalization during a single trading session.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service