OptumRx has announced changes to its pharmacy reimbursement model, increasing payments for branded drugs and decreasing payments for generics. The move aims to address industry-wide imbalances and promote the use of affordable generics. The changes are part of a broader effort by Optum to revamp its business practices in response to criticism from patients, pharmacies, … Read more
Hong Kong conglomerate CK Hutchison Holdings Ltd. reported weaker-than-expected profits in 2024, warning of a deteriorating global business environment due to rising geopolitical and trade tensions. The firm’s net income declined by 27% to HK$17.1 billion, missing analyst expectations. Meanwhile, a planned ports sale faces uncertainty after infuriating Beijing, with billionaire Li Ka-shing’s flagship firm … Read more
As the new year begins, many top cryptocurrencies experienced a surge in value due to President Donald Trump’s pro-crypto stance. However, this “Trump bump” was short-lived, with Bitcoin and some other top cryptocurrencies losing significant value. Despite this brief setback, there are still signs that the Trump administration is committed to supporting the crypto industry. … Read more
Nintendo is reportedly set to release its next-generation console, the Switch 2, in June this year, with analysts predicting a premium price tag and massive sales figures. According to claims from a former Nintendo employee, the company aims to launch the new console in June, which would be a strategic move to capitalize on the … Read more
President Donald Trump met with over 15 oil and gas executives at the White House, where they discussed regulations and energy policies under his administration’s “energy dominance” agenda. Interior Secretary Doug Burgum and Energy Secretary Chris Wright also attended the meeting. The American Petroleum Institute (API) lobby group attended the meeting to push for increased … Read more
SoftBank Group has announced plans to acquire Ampere Computing, a startup that designed an Arm-based server chip, for $6.5 billion. The deal is part of SoftBank’s efforts to expand its investments in AI infrastructure. Ampere will remain an independent subsidiary and retain its headquarters in Santa Clara, California. Carlyle Group and Oracle have both agreed … Read more
A report suggested that the EU had previously feared Apple would be in conflict with regulations if it adopted a portless design for its upcoming iPhone 17 Air. However, European Commission officials have confirmed that removing the USB-C port from an iPhone would not be against EU law. The Common Charger Directive requires devices sold … Read more
Rumer Willis is giving fans an update on her father, Bruce Willis, as he celebrates his 70th birthday. In a Q&A session on Instagram Stories on Tuesday, Willis replied to a fan’s question about the status of her father’s health. He was diagnosed with aphasia in 2022 and later developed frontotemporal dementia. Willis stated that … Read more
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Astronomers have discovered a new exoplanet, GJ 1214 b, also known as Enaiposha, which orbits 47 light-years from Earth. This detection challenges current understanding of planetary atmospheres and has led to the reclassification of Enaiposha into the “super-Venus” category. The James Webb Space Telescope (JWST) observations revealed a dense atmosphere on GJ 1214 b, composed … Read more