The manufacturers of 10 expensive medications have agreed to negotiate with the federal government for lower prices for Medicare recipients, the Biden administration announced on Tuesday. The pharmaceutical companies said they would begin talks with the government even as several of them were suing the administration, arguing that the new law authorizing the negotiations — […]
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John Riccitiello probably should have seen the outrage coming. A video game industry veteran, Mr. Riccitiello is the chief executive of Unity Technologies, a company that isn’t a household name but is a fixture for more than two million game developers who use its software to power their games. For most of the company’s 19-year […]
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Federal Reserve officials received more good news in their battle against rapid inflation on Friday, when a key inflation measure continued to slow, the latest evidence that a return to normal after the pandemic and higher interest rates are combining to wrestle rapid price increases back to a more normal pace. The Personal Consumption Expenditures […]
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Many energy analysts think that oil prices will soon rise above $100 a barrel for the first time in more than a year, since the turmoil that followed Russia’s invasion of Ukraine. The price of Brent crude, the international benchmark, has gained about 30 percent since the start of July, trading at about $96.50 a […]
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The Federal Trade Commission’s chair, Lina Khan, has brought her long-awaited, audacious case against Amazon, signaling the Biden administration’s determination to restore an approach to competition law that has been in decline since the Carter administration. This will doubtless draw fresh criticism about her supposed overreach. But Amazon is precisely the kind of company that […]
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If you do choose an older used car, Mr. Preston said — five years old or more — keep in mind that it is unlikely to be covered by a manufacturer’s warranty. So choose a model with a history of reliability and have a mechanic check it out before buying. The average price of the […]
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Your eyes are not deceiving you: Gas prices are rising yet again. On Wednesday, the national average for unleaded gasoline was $3.88 per gallon, according to AAA, the highest level since October. That’s far below its peak in June 2022, when the average briefly ticked over $5 a gallon after Russia’s invasion of Ukraine crimped […]
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Federal Reserve officials are expected to leave interest rates unchanged at their meeting on Wednesday, buying themselves more time to assess whether borrowing costs are high enough to weigh down the economy and wrestle inflation under control. But investors are likely to focus less on what policymakers do on Wednesday and more on what they […]
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A pint of beer may cost more during peak hours at some pubs owned by Britain’s largest pub company, which has in recent weeks adopted surge pricing. About 800 of the 4,000 pubs owned by the company, Stonegate Group, are either using “dynamic pricing,” in which prices rise at times of increased demand, or may […]
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Amazon Everywhere Twenty years ago, Amazon opened its storefront to anyone who wanted to sell something. Then it began demanding more out of them. SEATTLE — For tens of millions of Americans, it is so routine that they don’t think twice. They want something — a whisk, diapers, that dog toy — and they turn […]
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