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August 18, 2022

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The Inflation Reduction Act caps costs for Medicare patients on insulin. Where the push for broader relief stands

CNBC
CNBC – For more and to sign up click here The Good Brigade | Digitalvision | Getty Images A new legislative package signed into law by President Joe Biden on Tuesday is a big win for Medicare patients who struggle to cover the cost of insulin to manage their diabetes.......

Detroit, developers work to boost affordable housing amid rising costs

Detriot News
Detroit News – For more and to sign up click here Detroit — John George sees hope at the intersection of Orchard and Burgess in the Old Redford neighborhood on the city’s west side. That’s where the organization he founded, Detroit Blight Busters, along with CHN Housing Partners, plan to build......

Japan plans fresh package to cushion blow from rising living costs

Reuters
A man looks at a shop at the Ameyoko shopping district in Tokyo, Japan, May 20, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register PM Kishida instructs cabinet to compile scheme next month Govt eyes holding off hike in sales price of imported wheat Additional steps......

Co-pays, childcare costs and gas prices are some of the reasons people cut back on therapy this year, survey finds

CNBC
CNBC – For more and to sign up click here More than a third of Americans who stopped going to therapy this year cited money — including secondary costs like childcare and transportation — and insurance coverage as the cause, according to a recent survey conducted by Verywell Mind.  “For......

Ford CEO doesn’t expect electric vehicle battery costs to drop anytime soon

CNBC
CNBC – For more and to sign up click here Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters WAYNE, Mich. – Ford Motor CEO Jim Farley does not expect the costs of raw materials for the......

Website creator Wix.com to cut costs amid slower global growth

Reuters
The logo of website-designer firm Wix.com is seen at a high-tech park in Beersheba, southern Israel August 28, 2017. Picture taken August 28, 2017. REUTERS/Amir Cohen/ Register now for FREE unlimited access to Reuters.com Register JERUSALEM, Aug 10 (Reuters) – Wix.com (WIX.O), which helps small businesses build and operate websites,......

Ford raises prices of F-150 Lightning electric truck by thousands of dollars, citing rising material costs.

New York Times
Ford Motor on Tuesday became the latest automaker to raise the price of electric vehicles when it significantly increased prices of its popular F-150 Lightning because of rising materials costs. The company began making the Lightning in April and had sold more than 4,400 through the end of July. Ford......

Spirit Airlines posts loss on surge in costs, expects Florida challenges to continue

CNBC
CNBC – For more and to sign up click here Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines reported a second-quarter loss as strong travel demand and higher fares weren’t enough......

Analysis: U.S. Senate Democrats’ bill will make mark on climate, healthcare costs

Reuters
WASHINGTON, Aug 6 (Reuters) – The $430 billion climate change, healthcare and tax bill the U.S. Senate began debating on Saturday night could deliver a major win for Democrats and could help reduce the carbon emissions that drive climate change while also cutting costs for the elderly. Democrats hope the......

Democrats’ Long-Sought Plan for Lowering Drug Costs Is at Hand

New York Times
WASHINGTON — For decades, as prescription drug costs have soared, Democrats have battled with the pharmaceutical industry in pursuit of an elusive goal: legislation that could drive down prices by allowing Medicare to negotiate directly with drug makers. Now they are on the verge of passing a broad budget bill......

Higher housing costs force more pet owners to surrender their dogs

CNBC
CNBC – For more and to sign up click here Lisa Spillman can’t imagine life without her dog, an 8-year-old chihuahua mix named Rosebud. But she says her household expenses were getting tough to handle. “Everything – rent, groceries, dog food… it’s all going really high,” Spillman, 52, told CNBC.......

The price of a pint is going through the roof. Here’s why UK beer costs are far outpacing inflation

CNBC
CNBC – For more and to sign up click here LONDON — The average cost of a pint of beer in the U.K. has soared by 70% since 2008 — well ahead of inflation — and some Londoners are parting with as much as £8 ($9.70) for 568ml of the......

London Stock Exchange says Refinitiv costs and savings on track

Reuters
LONDON, Aug 5 (Reuters) – The London Stock Exchange Group (LSEG.L) said on Friday that costs and savings targets for integrating data company Refinitiv were on track and that it was launching a 750 million pound ($911 million) share buy-back. Investors are closely monitoring the integration of Refinitiv, which LSEG......

Toyota Q1 profit tumbles as supply constraints, costs bite

Reuters
The Toyota emblem is seen on the tyre rim of a vehicle during the media day of the 41st Bangkok International Motor Show after the Thai government eased measures to prevent the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand July 14, 2020. REUTERS/Jorge Silva Register now for FREE......

Electric cars, drug costs and more: 5 battles Democrats could lose on their marquee bill

Politico
Politico.com – For more and to sign up click here But Senate Finance Chair Ron Wyden (D-Ore.), whose panel has overseen the drafting of huge swaths of the bill, professed no concern with the unresolved policy questions or rushed timeline. “We have been preparing for this … for, like, a......

Biden to sign executive order to help cover costs for women traveling for abortions

CNBC
CNBC – For more and to sign up click here Boxes of the medication Mifepristone used to induce a medical abortion are prepared for patients at Planned Parenthood health center in Birmingham, Alabama, March 14, 2022. Evelyn Hockstein | Reuters U.S. President Joe Biden will sign an executive order on......

Unrelenting inflation is driving up costs, leaving more Americans living paycheck to paycheck

CNBC
CNBC – For more and to sign up click here Inflation has been causing economic hardship for workers across all income levels. As of June, 61% of Americans — roughly 157 million adults — lived paycheck to paycheck, according to a new LendingClub report. That’s up from 58% who reported......

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