A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.A new "blue wave" of tax hikes on the wealthy is rippling through state legislatures, as Virginia, Washington state,...
Author: admin
Eli Lilly CEO says Medicare coverage of obesity drugs could ‘change the game’ for upcoming pill launch
Eli Lilly CEO Dave Ricks on Friday said upcoming Medicare coverage of obesity drugs could be a major catalyst for the rollout of the company's closely watched experimental weight loss pill, orforglipron.In an exclusive interview with CNBC, Ricks said Lilly expects to have Medicare coverage for the treatment "immediately following...
Software stocks enter bear market on AI disruption fear with ServiceNow plunging 10%
Software stocks on Thursday slid deeper into an ongoing intense sell-off this year as investors recoiled from the sector on growing fears that artificial intelligence could upend many firms' business models. The iShares Expanded Tech-Software Sector ETF (IGV) dropped 5.4% for its biggest one-day decline since last April during the...
American Express, credit card provider to the wealthy, wants even more high spenders
American Express announces the new platinum business card.Courtesy: American ExpressAmerican Express is finding that even for a provider of credit cards to the affluent, it pays to focus on the highest of high rollers.The company recently shifted marketing dollars to its refreshed Platinum card, which carries an $895 annual fee,...
Hassett praises Trump’s pick of Warsh to lead Fed, says he has his ‘dream job’ already
Kevin Hassett, the National Economic Council director once considered a clear front-runner to be named the next Federal Reserve chair, said Friday he is fine with continuing in his current role.Fresh off President Donald Trump's announcement that former Fed Governor Kevin Warsh will be the new chair, Hassett told CNBC...