Legislation that would put a cap on prices pharmaceutical companies can charge for their prescription drugs can be effective in reducing health costs, Humana CEO Bruce Broussard said Friday. But U.S. lawmakers should also include in their proposals rules that would facilitate greater competition and innovation, Broussard said in an interview with CNBC’s Bertha Coombs.
Month: September 2019
Goldman Sachs CEO David Solomon performs at Schimanski night club in Brooklyn, New York, October 14, 2018. Trevor Hunnicutt | Reuters To the many titles of David Solomon, including CEO of Goldman Sachs and electronic music performer DJ D-Sol, add one more: music impresario. Solomon launched Payback Records last year as his music career was
California Governor Gavin Newsom signed a bill into law, AB5, that would force more companies to treat more workers as employees, not contractors. What’s the big deal? Whether it’s ride-sharing companies like Uber and Lyft, or delivery companies like Postmates, Doordash and Instacart, a slew of companies have grown up in the smartphone era with
Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 12, 2019 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images For investors taking a breather from the chaos in August, buckle up as the market is about to go crazy again, Goldman Sachs warned.
Before you start counting all the ways you’d use the $211 million Mega Millions jackpot if you’re lucky enough to win, remember that a hefty chunk of the bonanza goes to Uncle Sam. The game’s top prize has been climbing since late July, when a single ticket sold in New Hampshire matched all six numbers
null Getty It’s entirely possible that you could live for 25 to 30 years after you retire. Planning to be financially secure for the rest of a potentially long life requires making a series of complex decisions, each with high stakes. And you often won’t have a “do-over.” If you can avoid making these seven
The International Construction and Utility Equipment Exposition Courtesy of the Association of Equipment Manufacturers Big. Thirty acres big. The International Construction and Utility Equipment Exposition is charged up and powered on for October 1 – 3, 2019, at the Kentucky Exposition Center in Louisville. Equipped with test drives and hands-on product demonstrations, the biennial event
Is it a good time to jump on the refinancing bandwagon? The Federal Reserve has cut interest rates twice over the past few months and may be heading even lower. Does that automatically mean you should refinance your mortgage? Not so fast. Sure, the trade war with China, slowing manufacturing and job growth are possible
McLaren Chief Executive Officer Zak Brown looks on from the pitwall during final practice for the F1 Grand Prix of France at Circuit Paul Ricard on June 22, 2019 in Le Castellet, France. Dan Istitene | Getty Images Sport | Getty Images The chief of Britain’s McLaren Racing says the team is ready to be
U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer arrive for a group photo session after a meeting with Chinese Vice Premier Liu He in Beijing on May 1, 2019. Andy Wong | AFP | Getty Images BEIJING — The U.S. is temporarily exempting more than 400 types of Chinese products from tariffs
Market participants increasingly are using data to generate alpha, opening opportunities both to investors and to Wall Streeters looking to get in on the next big wave. On the investing side, big data is helping provide insights into consumer behavior that can be used to gauge whether a company is meeting the needs of its
Moms may want to reevaluate their worth in the household. While the majority of fathers (78%) and mothers (79%) say their own death would have a “substantial” impact on their family’s quality of life, women cite a lower amount of life insurance needed for the family if they were to pass away, according to new
Eliminating the racial wealth gap benefits all families as it results in faster economic growth. Getty Racial equality has become a central theme of this presidential election cycle. The racial wealth gap – the massive difference in the wealth that African-Americans and whites own – has gained particular attention, in large measure because it has
Shot of a couple standing next to a real estate sold sign at their new house Getty If you’re on the fence about buying a home, you may want to decide quick. As of Monday, we’ll officially be in the best homebuying week of the year. According to an analysis from Realtor.com, September 22-28 is
Share to facebook Share to twitter Share to linkedin The suit targets the Manhattan district attorney and Trump’s own accounting firm. (AP Photo/Evan Vucci) ASSOCIATED PRESS Topline: In response to a subpoena for his tax returns, President Trump filed suit against the Manhattan district attorney, Cyrus Vance Jr. and also Trump’s own long-time accounting firm,
As the calendar inches closer to the fourth quarter, CNBC’s Jim Cramer said Thursday Chipotle Mexican Grill will be a top target on the market as money managers get ready to double down on the highest winners of 2019. The stock has trounced the S&P 500 this year, outperforming the broad index about 92% to
A worker pushes Amazon.com Inc. packages in front of a FedEx Corp. delivery truck in New York. Christopher Lee | Bloomberg | Getty Images Shares of FedEx fell more than 7% Tuesday after the company missed quarterly earnings estimates and lowered its 2020 guidance. Here’s how the company did for its fiscal first quarter, ended
A tag hangs from a Steelcase London Ltd. desk chair in the former offices of Duff Capital Advisors LP in Greenwich, Connecticut. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Steelcase jumped nearly 4% during extended trading after the company reported second-quarter earnings in what CEO
Billionaire Robert Smith said young Americans need a better understanding and appreciation of capitalism, as wealth and success come under attack on the Democratic campaign trail. “This country needs to make sure that our young people understand the importance of capitalism,” he told CNBC. Smith was in New York to celebrate the IPO of Ping
(L to R) Afsaneh Mashayekhi Beschloss, Clifton S. Robbins, and Dr. Rajiv Shah during a panel discussion at the 2019 Delivering Alpha conference on Sept. 19. 2019. Adam Jeffery | CNBC Several investors have been wary of incorporating environmental, social and governance standards into their strategies. However, two investors think increased attention to ESG will
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