Business

In recent developments, there seems to be a ray of hope for the thousands of Americans who have been struggling with locked funds in frozen fintech accounts. Banks involved in the aftermath of the collapse of fintech intermediary Synapse have reportedly made significant progress in piecing together account information for stranded customers. This progress could
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The Federal Trade Commission is gearing up to take legal action against three major U.S. health companies for their practices as middlemen in negotiating medication prices, particularly insulin. According to a source familiar with the matter, the FTC believes that these companies are significantly inflating costs for patients. The targeted entities include UnitedHealth Group’s Optum
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Athletic Brewing Company, a leading nonalcoholic brewer, has recently secured an impressive $50 million in equity financing, with General Atlantic leading the round. This substantial investment is a testament to the company’s rapid growth and increasing popularity in the nonalcoholic beer market. With plans to expand its production capacity and offerings, Athletic Brewing Company is
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United Airlines has taken a step forward in managing flight delays by implementing a new technology to keep passengers informed. The airline will now send live radar maps to passengers via text messages to provide information on weather conditions that may be affecting their flights. This proactive approach aims to improve communication and transparency with
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In the past quarter, General Motors experienced a significant surge in sales, marking its best quarterly performance in more than three years. The Detroit automaker reported a total of 696,086 units sold, a 0.6% increase from the previous year. Notable increases were observed in full-size pickup trucks and all-electric vehicles, with EV deliveries up by
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