In an exclusive interview, Congressman James Comer warns PBM’s, or pharmacy benefit managers, are creating less competition in the pharmacy industry and probably should be broken up to bring drug prices down.
Read More Comer: Best Way To Lower Drug Prices ‘Bust Up The PBMs’Tag: prices
Costco Increasing Membership Fees For First Time In 7 Years
Costco announced on Wednesday that it will be raising its membership fees at the start of September, leading to its first price hike since 2017.
Read More Costco Increasing Membership Fees For First Time In 7 YearsUS consumer confidence retreats slightly; house prices remain elevated
The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.
Read More US consumer confidence retreats slightly; house prices remain elevatedHome Sales Drop For Third Straight Month, Prices Hit Record High
For the third straight month, sales of previously occupied U.S. homes fell in May as increasing mortgage rates and record-high prices discourage many potential homebuyers during what’s typically the housing market’s busiest period of the year.
Read More Home Sales Drop For Third Straight Month, Prices Hit Record HighUS retail sales rise less than expected in May
U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
Read More US retail sales rise less than expected in MayCalif. Fast Food Minimum Wage Hike Continues Impacting Positions, Businesses: 10,000 Jobs Lost
As struggling businesses reduce labor expenses and boost prices to counteract wage hikes, fast food restaurants in California have eliminated over 10,000 jobs as a result of the state’s new $20 minimum wage, according to a trade group that reported the findings on Thursday.
Read More Calif. Fast Food Minimum Wage Hike Continues Impacting Positions, Businesses: 10,000 Jobs Lost