Why Wall Street is unfazed by Medicare drug pricing threat [Video] – AOL
Wall Street concerns about anti-inflation price negotiations for the first 10 drugs in Medicare Part D plans appear to be fading. As the Sept. 1 announcement date approaches, executives at big pharmaceutical companies are signaling they are open to any eventual price cuts set by the federal government. On earnings calls in the past few […]
First legal challenges to Hochul’s NYC congestion pricing pause set to be filed Thursday
Strong supporters of congestion pricing plan to sue Gov. Kathy Hawkle over her last-minute suspension of what would be the first-in-the-nation initiative, according to two draft lawsuits obtained by The Washington Post on Wednesday. The two lawsuits, which are scheduled to be filed in Manhattan Supreme Court on Thursday, will mark the first legal challenge […]
FTC probes AI-powered ‘surveillance pricing’ at firms including Mastercard, JPMorgan Chase, McKinsey
Sarah Ponczek and Luke Lloyd discuss the technology and AI landscape, the impact on air freight and ocean shipping rates with Shein and Temu, and how the federal government will handle rates. The Federal Trade Commission (FTC) announced Tuesday that it has launched an investigation into eight companies that offer surveillance pricing tools. Artificial Intelligence […]
FTC launches investigation into surveillance pricing tactics of credit card companies
The Federal Trade Commission ordered eight companies to share information about surveillance pricing to study its effects on privacy, competition, and consumer protection. In a press release, the FTC announced it had issued orders to Mastercard, Revionics, Bloomreach, Chase, Task Software, PROS, Accenture, and McKinsey & Co. The agency said these eight companies use artificial […]
Dynamic pricing can help both consumers and the environment
from Large supermarkets and grocery stores To Airlines“Dynamic Pricing“Online shopping,” where prices change in real time according to supply and demand, will become a bigger part of Americans’ shopping experience. As companies use artificial intelligence to increase their computing power, we’ll likely see more price fluctuations at local stores and restaurants. But as Wendy’s saw […]
Nix SI railcars over congestion pricing foes
MTA officials have suggested the Staten Island Railroad should cancel promised new train service, citing the borough’s opposition to now-suspended congestion pricing. The plan is to begin testing in August with the most advanced trains, known as the R211S, with manufacturer Kawasaki Heavy Industries set to deliver 75 of them, officials told the MTA’s Capital […]
Walmart rival gaining ground in affordable pricing
Walmart is still considered the price leader in the grocery industry, but its rivals are not far behind. In a recent report, the Telsey Group analyzed online grocery prices at seven retailers: Walmart, Target, Amazon Fresh, Kroger (King Soopers), Albertsons (Safeway), Sprouts and Whole Foods (via Amazon) in Denver, Colorado. The analysts specifically looked at […]
Suburban voters stand by Hochul’s congestion pricing pause: poll
A majority of voters living outside New York City support Gov. Kathy Hockle’s surprise, last-minute decision to indefinitely suspend congestion pricing, according to a new poll. A statewide Siena College poll conducted last week also showed Haukl’s approval rating hovering at its lowest level in a year, with just 38 percent of respondents approving of […]
Meet the anti-vaxx millionaire donor behind congestion pricing and RFK Jr.
The same billionaire donors who fund campaigns in favor of congestion pricing were major backers of Robert Kennedy Jr.’s campaign and funders of a shadowy campaign that spreads anti-vaccine conspiracy theories. Mark Gorton, 57, a wealthy hedge fund investor who lives in Manhattan, recently told The Washington Post that he is probably the largest donor […]
Clyburn on Trump's attempt to take credit for insulin pricing: 'How can you be so bold with your lies?'
Rep. James Clyburn (R-Colorado) criticized former President Trump for trying to take credit for lower insulin prices over the weekend. Clyburn was responding to the former president’s Truth Social post on NewsNation’s “The Hill Sunday,” slamming the president for trying to take credit for lowering insulin prices in a post on the social platform on […]