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Justice Department announces settlement with nation’s largest landlord over rent pricing algorithm
WASHINGTON, DC – The Justice Department’s Antitrust Division has reached a proposed settlement with Greystar Management Services LLC, the largest residential landlord in the United States, to resolve claims that it participated…
‘Borders On Extortion’: Big Pharma Company Sues Biden Admin Over Drug Pricing Rules
‘Borders On Extortion’: Big Pharma Company Sues Biden Admin Over Drug Pricing Rules Katelynn Richardson on June 6, 2023 Pharmaceutical company Merck & Co., Inc. sued the Biden administration on Tuesday over…
Dow cuts second-quarter revenue forecast on demand, pricing woes
(Reuters) – Chemical maker Dow Inc forecast second-quarter revenue below market expectations on Wednesday, citing slower macroeconomic activity and lower pricing levels. The company now expects revenue for the quarter ending June…
O’Scanlon: “I Have a Solution to the Congestion Pricing Debacle”
Sen. Declan O'Scanlon urged lawmakers to pass the Automated Enforcement Inoculation Act to protect New Jersey drivers from predatory fines for out-of-state traffic violations.…
Oroho & Testa Slam NYC Congestion Pricing as “Tax Hike on New Jerseyans”
Senators Steven Oroho and Michael Testa criticized New York Governor Kathy Hochul and the Transportation Department's Federal Highway Administration for moving forward with Manhattan’s congestion pricing plan.…
New Jersey senators seek to delay New York City congestion pricing plan
By David Shepardson WASHINGTON (Reuters) – New Jersey’s two Democratic senators and the state’s governor said on Monday they are seeking to halt a plan by New York City to adopt a…
Drugmakers set strategy for legal fight against US pricing regulation
By Patrick Wingrove and Michael Erman (Reuters) – Some of the world’s biggest drugmakers are laying legal groundwork to fight the U.S. plan to negotiate drug prices for its Medicare health coverage,…
Textron’s profit rises on stronger pricing of business jets
(Reuters) – Textron Inc beat estimates for first-quarter profit on Thursday, as higher sales of pricier business jets in Aviation segment helped offset the lower military helicopter revenues in Bell unit. Shares…
Infrastructure spending, pricing seen boosting Caterpillar’s earnings
By Bianca Flowers (Reuters) – Caterpillar Inc is expected to post a rise in quarterly profit on Thursday, a sign that the industrial powerhouse continues to navigate supply-chain constraints and capitalize on…
Stellantis retains strong pricing power in North America, CEO says
MILAN (Reuters) – Stellantis has managed to preserve a strong pricing power in North America, its CEO Carlos Tavares told shareholders on Thursday, in contrast with signs of pricing power declining for…
Analysis-From manual pricing to ChatGPT: How Air India is transforming under Tata
By Aditi Shah and Tim Hepher NEW DELHI (Reuters) – Air India, until recently tied to an antiquated manual pricing system when setting airfares, is shifting to algorithm-based software long used by…
Factbox-Asia’s carbon pricing and emission trading systems
By Matthew Chye SINGAPORE (Reuters) – Japan, the world’s fifth-biggest carbon dioxide (CO2) emitter, will begin a carbon pricing scheme in stages from April to encourage companies to curb emissions and achieve…
UK firms turn more hopeful, pricing plans cool – Lloyds survey
LONDON (Reuters) – British businesses were their most confident this month since May 2022 and pricing expectations, which are being watched by the Bank of England as it grapples with high inflation,…
As hawkish Fed pricing goes away, bullish dollar calls fade
By Karen Brettell (Reuters) – The collapse of two big U.S. regional banks has forced the U.S. bond markets into a near 180-degree turn from pricing in a more aggressive Federal Reserve…
U.S. to select 10 costliest drugs for Medicare pricing negotiation
By Ahmed Aboulenein WASHINGTON (Reuters) – The U.S. government will select the 10 costliest prescription medicines to Medicare for negotiating prices with drugmakers starting early next year, the program’s top official said…
ECB terminal rate could be above current market pricing: Wunsch
FRANKFURT (Reuters) – The European Central Bank will continue to raise rates beyond March and hikes could even exceed market expectations unless stubborn underlying inflation turns around, Belgian policymaker Pierre Wunsch said…
Twitter to hike Blue pricing to $11 for iPhone app users -report
(Reuters) -Twitter Inc plans to change the pricing of its Twitter Blue subscription product to $11, from $7.99, if paid for through its iPhone app and to $7 if paid for on…
Strong demand, robust pricing to boost Deere’s sales
By Bianca Flowers (Reuters) – Industrial bellwether Deere & Co is expected to post double-digit growth in quarterly sales and profit on Wednesday, fueled by higher crop prices and pent-up demand for…
U.S. SEC to vote on proposing new liquidity, pricing rules for mutual funds
(Reuters) – The U.S. Securities and Exchange Commission on Wednesday will vote on proposing new rules aimed at better preparing the mutual fund industry for distressed market conditions, including a new pricing…
U.S. SEC to vote on proposing new liquidity, pricing rules for mutual funds
(Reuters) – The U.S. Securities and Exchange Commission on Wednesday will vote on proposing new rules aimed at better preparing the mutual fund industry for distressed market conditions, including a new pricing…
Porsche shares fall below IPO pricing
By Lucy Raitano LONDON (Reuters) – Shares in sports car brand Porsche fell below its listing price on Monday, the third day of trading since its $72 billion listing by parent company…
Kroger seeks to end deal with Cigna’s Express Scripts over drug pricing
(Reuters) – Grocery retailer Kroger Co said on Friday it has sent Cigna Corp’s subsidiary Express Scripts a written notice of its plan to terminate their pharmacy provider agreement for commercial customers…
JD Sports fined $1.6 million by UK regulator over merchandise pricing
(Reuters) – JD Sports said on Tuesday that it was fined about 1.5 million pounds ($1.6 million) by Britain’s competition regulator after an investigation into retail prices of certain branded clothing products…
Traders start pricing in chance of ECB rate cut late next year
By Yoruk Bahceli (Reuters) – Money markets in the euro zone have started pricing in a chance of an ECB rate cut late next year, as traders bet the bank may end…
U.S. Senate passes $430 billion climate change, tax, drug pricing bill; sends to House
WASHINGTON – The U.S. Senate on Sunday passed landmark legislation sought by President Joe Biden that Democratic backers say will bring a major reduction in carbon emissions that cause climate change, lower…
Pirelli raises sales target as pricing power offsets inflation
MILAN – Strong pricing power and cost savings will help Pirelli offset economic challenges, the Italian tyremaker said on Thursday as it beat second-quarter operating profit expectations and raised its full-year revenue…
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