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Cigna launches effort to cap employer insurance plan spending on weight loss drugs

Cigna launches effort to cap employer insurance plan spending on weight loss drugs

Cigna’s Evernorth struck agreements with Novo Nordisk and Eli Lilly to limit spending increases for those GLP-1s to a maximum of 15% annually.

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Robinhood partners with Klutch Sports, adds Rich Paul to its board as it moves into sports and entertainment

Robinhood partners with Klutch Sports, adds Rich Paul to its board as it moves into sports and entertainment

Trading platform Robinhood is partnering with Klutch Sports Group, the firm founded by LeBron James’ agent Rich Paul, and adding Paul to its board.

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Target shares pop more than 12% as retailer boosts profits, despite lackluster sales forecast

Target shares pop more than 12% as retailer boosts profits, despite lackluster sales forecast

Target grew profits even as sales stagnated, and said it plans to launch a new membership program.

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Dodge Charger will live on as a new EV and a gas-powered muscle car

Dodge Charger will live on as a new EV and a gas-powered muscle car

Dodge on Tuesday revealed the new Charger as an all-electric vehicle as well as a next-generation gas-powered muscle car.

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New CFPB rule caps banks’ credit card late fees at $8

New CFPB rule caps banks’ credit card late fees at $8

By cutting late fees to $8 from an average of around $32, more than 45 million card users would save an average of $220 annually, […]

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Nordstrom shares fall 10% as retailer warns of potential sales declines in 2024

Nordstrom shares fall 10% as retailer warns of potential sales declines in 2024

The department store retailer said revenue for the year ahead will range from a 2% decline to a 1% gain compared with the previous year.

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Abercrombie & Fitch beats holiday estimates as sales soar again, helped by higher prices

Abercrombie & Fitch beats holiday estimates as sales soar again, helped by higher prices

Abercrombie & Fitch has been on a rollercoaster of growth over the last year and Wall Street will be keen to see if it can […]

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Russian oligarch’s yacht is costing U.S. taxpayers close to $1 million a month

Russian oligarch’s yacht is costing U.S. taxpayers close to $1 million a month

The Justice Department is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging it was owned by Suleiman Kerimov.

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Target launches paid membership program as it chases new revenue streams

Target launches paid membership program as it chases new revenue streams

Target is following the playbook of Amazon and Walmart, which already have similar programs.

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Biden says Medicare should negotiate prices for at least 50 drugs each year, up from a target of 20

Biden says Medicare should negotiate prices for at least 50 drugs each year, up from a target of 20

The proposal is one of several new health-care policy proposals that Biden will outline during his State of the Union address Thursday.

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