Only approximately one-third of patients who are prescribed weight loss drugs, such as Wegovy, a popular injection developed by Novo Nordisk, continue taking the medication after a year. Surprisingly, the total healthcare costs for this group actually increased, according to an analysis conducted by Prime Therapeutics, a leading pharmacy benefit manager in the United States.
Business
Bank of America, the second-largest bank in the United States, has been found to engage in deceptive practices that have harmed hundreds of thousands of its customers in recent years, according to the Consumer Financial Protection Bureau (CFPB). The CFPB stated that the bank charged multiple overdraft fees of $35 for the same transaction, failed
Bed Bath & Beyond has canceled its auction for the Buy Buy Baby chain after failing to find a buyer willing to keep the stores operating. Although the auction was unsuccessful, there are still parties interested in the assets of the baby retailer. Bidders withdrew from the auction when they realized that the chain’s value
Several major US banks, including JPMorgan Chase, Wells Fargo, and Morgan Stanley, have announced their intention to raise their quarterly dividends after successfully completing the Federal Reserve’s annual stress test. JPMorgan plans to increase its payout from $1 to $1.05 per share starting in the third quarter, pending board approval. According to JPMorgan CEO Jamie
The inventory of homes available for purchase in the resale market has been dwindling, and the situation is only set to worsen. According to Realtor.com, the number of homes for sale this month was actually 7% higher than in June of the previous year. However, this positive trend quickly reversed, as the number of homes
DC Studios, a subsidiary of Warner Bros. Discovery, has been struggling to create a successful superhero franchise. Several films have failed to perform well at the box office, and the studio is now trying to create its own shared universe involving iconic characters like Batman and Superman. However, their previous attempts at tying their characters
The Federal Reserve has been increasing interest rates to combat inflation, which is likely to result in more corporate defaults in the coming months. In May, the corporate default rate rose, indicating that US companies are struggling with higher interest rates that make it more expensive to refinance debt, as well as the uncertain economic
Starbucks workers from over 150 stores in the US, representing nearly 3,500 employees, have gone on strike after the coffee giant and the union representing baristas clashed over claims that the company was not allowing Pride month decorations in its cafes. The strikes began on Friday in Seattle, with more than two dozen additional stores
The U.S. Department of Agriculture (USDA) has given its approval for the sale of cell-cultured chicken, also known as cultivated, cell-based or lab-grown protein, in a landmark decision that paves the way for consumers to try it out themselves. This decision comes after the U.S. Food and Drug Administration (FDA) granted approval to the startups,
Toyota Motor’s shares have reached their highest level since 2009, after the company revealed plans for its next-generation electric vehicles and received approval for its new leadership during its annual meeting. Shares of Toyota on the New York Stock Exchange rose 1.6% during intraday trading on Thursday, reaching a new 52-week high of $168.18 per