Fox Business Briefs 5/15
Report: UnitedHealth investigated for possible Medicare fraud; Walmart raises prices because of tariffs; Dick’s Sporting Goods to buy Foot Locker for $2.4 billion; Uber expands beyond rides and delivery with new restaurant booking service.
Starbucks workers strike over new dress code
Some Starbucks workers are striking over dress code changes that were implemented under CEO Brian Niccol, whose goal is to boost store image and business.
UnitedHealth shares slide as criminal probe report adds to investor fears
Shares of UnitedHealth Group tumbled more than 15% in morning trade on Thursday after a report said that the Justice Department is investigating the health insurer for potential fraud.
Can AI change global healthcare?
Philips North America chief region leader Jeff DiLullo discusses the future of artificial intelligence in helping the sick on 'The Claman Countdown.'
President Trump’s overweight friend inspired push to cut drug prices
President Trump tells the story of his overweight friend who was able to buy a weight loss drug for the cheap in London, while prices in the U.S. for the same drug cost north of $1,000.
Trump wants to cut out ‘middleman’ as part of drug pricing order: What are pharmacy benefit managers?
President Donald Trump's new health care initiative aims to reduce prescription drug costs by targeting pharmacy benefit managers, commonly known as PBMs.
Medicaid is a trillion-dollar business, GOP lawmaker says
Sen. Roger Marshall, R-Kans., on Congress grappling with SALT legislation, activists protesting Medicaid reform and RFK Jr. testifying on the 'Make America Healthy Again' agenda as well as the HHS budget.
FOX Business Briefs 5/13
UnitedHealth Group CEO Andrew Witty is stepping down; Honda, Nissan expects to be hit hard by U.S. tariffs; United adds caviar service in race for super premium travelers; Amazon is expanding ads on Prime Video.
Trump wants a pharmaceutical 'level playing field': FDA commissioner
FDA Commissioner Dr. Marty Makary on ensuring prescription drug prices decrease, restoring trust in public health and integrating artificial intelligence into the federal agency.
UnitedHealth Group names new CEO, shares slide
UnitedHealth Group Chairman Stephen Hemsley is returning to helm the health care conglomerate once again. He will replace Andrew Witty effective immediately.
How soon will drug prices drop? RFK Jr. says timeline depends on big pharma
Health and Human Services Secretary Robert F. Kennedy Jr. said that bringing the cost of prescription drugs to levels seen in Europe largely depends on how drug companies cooperate.
Trump says drug prices will be cut by as much as 90%: What to know
President Donald Trump is looking to significantly cut the costs of prescription drugs for U.S. consumers, saying the nation will pay the "lowest price there is."
Trump's drug price reform will lower costs for all Americans, FDA commissioner says
FDA Commissioner Dr. Marty Makary discusses President Donald Trump's plan to cut drug prices for U.S. consumers on 'The Big Money Show.'
Dr. Marc Siegel on when prescription drug costs may come down
Fox News medical contributor Dr. Marc Siegel reacts to President Donald Trump's latest executive order on lowering prescription medication prices.
RFK Jr. says Trump's executive order on drug prices lowers costs to European levels
Health and Human Services Secretary Robert F. Kennedy Jr. on President Donald Trump's executive order regarding drug prices, the impact on Medicare and responds to criticisms over the president's move.
GOP lawmaker warns the US deficit is at 'critical level,' cannot afford to be raised
Rep. Andy Harris, R-Md., explains why he still supports the millionaire tax bracket idea and weighs in on the debate over the SALT cap.
Ivanka Trump aims to expand access to fresh produce
Ivanka Trump, President Donald Trump's eldest daughter, is working to help small farmers as well as expanding consumer access to fresh produce with the company she co-founded in 2023.
Rand Paul reveals key issue preventing his support for reconciliation bill
Sen. Rand Paul, R-Ky., weighs in on the debate over spending cuts as lawmakers seek to pass the budget bill, Medicaid cuts and the restriction of gain-of-function research.
AstraZeneca opens $300M manufacturing facility in Maryland
The facility is part of AstraZeneca's $3.5 billion investment in U.S. research and manufacturing.
AstraZeneca unveils new factory as part of multibillion-dollar investment in US manufacturing
AstraZeneca has opened its first U.S.-operated cell therapy manufacturing plant in Rockville, Maryland, as part of its ongoing $3.5 billion investment in American innovation.