Retirees who have been struggling with the high costs of prescription drugs will soon receive a much-needed relief starting in 2025. A recent report from AARP indicates that starting in January of that year, annual out-of-pocket drug costs for Medicare drug plan enrollees will be capped at $2,000. This change is anticipated to make a
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In a recent development, the Food and Drug Administration has given emergency use authorization to Novavax’s updated protein-based Covid vaccine for individuals aged 12 and above. This approval opens up the competition for Novavax’s shot against the well-established Pfizer and Moderna vaccines during the upcoming fall and winter seasons. Novavax’s vaccine specifically targets the omicron
In today’s housing market, the dream of owning a home is becoming increasingly unattainable for many Americans. With higher mortgage rates and a limited supply of homes relative to the high demand, prices are soaring and creating financial strain for potential buyers. The National Association of Realtors reported that the median sales price for homes
Warren Buffett, a household name in the investing world, celebrated his 94th birthday with Berkshire Hathaway hitting a milestone of exceeding a $1 trillion market capitalization. His journey to the top has been marked by a meticulously crafted strategy executed with discipline and insight over the course of seven decades. Howard Marks, a renowned investor
In the world of investing, asset allocation is a commonly known concept that involves choosing the right mix of stocks and bonds to balance risk and return. However, many investors overlook the critical aspect of asset location, which refers to the types of accounts in which these assets are held. According to financial advisors, asset
General Motors has made a strategic decision to integrate its all-electric BrightDrop commercial vans into the Chevrolet brand. This move aims to enhance the sales, accessibility, and recognition of these vehicles among consumers. By leveraging the strength of the Chevrolet brand, GM intends to drive volume and make it easier for customers to transition to
Chinese electric car companies are embroiled in a fierce battle, not only on prices but also on technological frontiers. Nio and Xpeng have taken a bold step by announcing the readiness of their in-house designed auto chips for production. This move marks a departure from the reliance on Nvidia chips, a common practice among many
Salesforce’s second-quarter results exceeded expectations, with earnings per share coming in at $2.56 adjusted, compared to the expected $2.36. Revenue also outperformed, reaching $9.33 billion, higher than the anticipated $9.23 billion. The company’s revenue increased by 8% year over year, ending on July 31. This growth was attributed to a rise in average revenue per
The news of U.S. President Joe Biden and Chinese President Xi Jinping scheduled to speak over the phone in the “coming weeks” has sparked interest and speculation. This announcement came amidst U.S. national security adviser Jake Sullivan’s recent trip to Beijing to meet with China’s top diplomat, Wang Yi. Both sides have also mentioned plans
The stock market has been experiencing some turbulence lately, with tech giants like Nvidia and Intel making waves with their quarterly reports. Nvidia, which is down about 7% after hours, reported profit and revenue, topping Wall Street estimates. However, the stock is selling off in extended trading. On the other hand, Salesforce is up 4%