(Reuters) – The Centers for Medicare & Medicaid Services has directed private insurers providing Medicare Advantage plans to cover Biogen (NASDAQ:BIIB)’s amyotrophic lateral sclerosis drug Qalsody after finding instances of coverage denial. Qalsody received the U.S. Food and Drug Administration’s accelerated approval last year, but CMS said it found many Medicare Advantage plans, which cover…
Investing.com — The U.S. government sold $22 billion of 30-year notes on Thursday at a higher-than-expected yield amid softer demand. The notes were awarded at 4.535%, above the pre-sale, or when-issue, rate of 4.523%, but below the 4.608% yield high seen in the prior auction. The bid to cover ratio for the auction rose to…
By Jody Godoy NEW YORK (Reuters) – The U.S. Federal Trade Commission sued alcohol distributor Southern Glazer’s on Thursday for giving big customers exclusive discounts, enforcing a law aimed at protecting small retailers from bigger competitors for the first time in decades. The lawsuit is the first the FTC has brought under the Robinson-Patman Act…
(Reuters) – U.S. energy storage market saw record growth in the third quarter with 3,806 megawatts (MW) worth installations and 9,931 megawatt-hours (MWh) deployed, Wood Mackenzie said in a report on Thursday. This was a 80% and 58% increase, respectively, from a year earlier, the report, which was developed in partnership with the American Clean…
By Suzanne McGee (Reuters) – Blackrock (NYSE:BLK) recommends that interested investors consider allocating as much as 2% of their portfolio to bitcoin, the world’s largest cryptocurrency, the giant asset manager said in a report on Thursday. “We see a case for investors with suitable governance and risk tolerance to include bitcoin in a multi-asset portfolio,”…
By Leah Douglas (Reuters) – The Summit Carbon Solutions’ massive carbon dioxide pipeline project proposal would need to be reassessed if the United States repeals tax credits for carbon capture and storage, a company attorney said on Thursday. Summit intends to capture carbon dioxide from 57 ethanol plants across the Midwest and transport it along…
PARIS (Reuters) -French fashion house Chanel selected former Bottega Veneta design chief Matthieu Blazy as its next creative director, Women’s Wear Daily and the Financial Times reported Thursday. French luxury group Kering (EPA:PRTP) earlier said it has appointed Louise Trotter as creative director of its Bottega Veneta brand to replace Blazy, whose name has been…
(Reuters) – Shares of ServiceTitan rose about 42% in their U.S. market debut on Thursday, giving the cloud-based software company a valuation of $8.97 billion. Source
Nearly half of American teenagers say they are online “constantly” despite concerns about the effects of social media and smartphones on their mental health, according to a new report published Thursday by the Pew Research Center. As in past years, YouTube was the single most popular platform teenagers used — 90% said they watched videos…
(Reuters) – The two executives leading Intel (NASDAQ:INTC) after the ouster of its chief executive said on Thursday that the company may spin out its manufacturing division. Speaking at an investment banking conference, Co-Chief Executive Michelle Johnston Holthaus said she did not think would make sense to fully separate the company’s product and manufacturing divisions…
