At a recent press conference at Mar-a-Lago, President-elect Donald Trump made a bold promise to take on the powerful Pharmacy Benefit Managers (PBMs) responsible for inflating prescription drug prices in the U.S. Trump criticized PBMs, calling them a “horrible middleman” that profits by driving up drug costs without adding value. He vowed to eliminate the middleman and reduce drug prices to levels “that nobody has ever seen before.”
A $70 million furniture manufacturing plant planned by SBA Home, a Lithuanian company that produces furniture for IKEA, will bring 250 new jobs to Mocksville, North Carolina, thanks to significant state and local incentives. The North Carolina Economic Investment Committee approved a $1.4 million job development investment grant, to be distributed over the next 12 years, while Mocksville and Davie County contributed $800,000 in incentives to support the project.
Japanese auto giants Honda Motor and Nissan Motor are reportedly set to begin negotiations toward a merger, aiming to combine resources and strengthen their position against global electric vehicle (EV) competitors.
House Speaker Mike Johnson (R-LA) is preparing to unveil a government spending bill that could include key components of President-elect Donald Trump’s healthcare agenda. Among the priorities under consideration is reforming Pharmacy Benefit Manager (PBM) practices, a move aimed at lowering prescription drug costs for seniors by tackling middleman-driven price inflation.
Attorneys general in Minnesota and New Jersey filed lawsuits against Glock on Thursday, accusing the firearms manufacturer of enabling handguns to be easily converted into illegal machine guns using an inexpensive device known as a "Glock switch."
The Department of Health and Human Services (HHS) extended an "emergency preparedness" declaration that protects vaccine manufacturers from liability through 2029.
