Business

Summarize this content to 1000 words Ryan Seacrest is taking over as host of the longtime game show as it tries to move into the streaming future. Source link

Summarize this content to 1000 words The Federal Trade Commission on Tuesday sharply criticized pharmacy benefit managers, saying in a scathing 71-page report that “these powerful middlemen may be profiting by inflating drug costs and squeezing Main Street pharmacies.”The regulator’s study signals a significant ramping up of its scrutiny of benefit managers under the agency’s chair, Lina Khan. It represents a remarkable turnabout for an agency that has long taken

Summarize this content to 1000 words Wall Street’s game theoryAs more leading Democrats say privately that President Biden should withdraw from the presidential race, some of the party’s most prominent backers on Wall Street spent the holiday weekend debating what to do next.The group — including Larry Fink of BlackRock; Robert Rubin, the former Treasury secretary; Jon Gray of Blackstone; Peter Orszag of Lazard; Blair Effron of Centerview Partners; and

Summarize this content to 1000 words For Caroline Li and Colin Wang, moving in together after dating for eight months was a matter of serendipity and urgency.Last fall, Mr. Wang, 28, was completing his final year of medical school at the University of California, Los Angeles, when he learned that the two-bedroom apartment he shared with one roommate had a mold infestation. He had to move out immediately, but had

Summarize this content to 1000 words Gliding on robotic haulers, a line of Ferrari frames maneuvers through a gleaming new factory in Northern Italy. At each station, engineers in cherry red uniforms add a component — an engine block, a dashboard, a steering wheel — as they transform the bodies into hybrid vehicles. Up next: fully electric.A lot is riding on Ferrari’s 200-million-euro “e-building,” which went into operation last month

Summarize this content to 1000 words When Donald J. Trump became president in 2017, prices had risen roughly 5 percent over the previous four years. If he were to win the race for the White House in 2024, he would be entering office at a time when they are up 20 percent and counting.That is a critically different economic backdrop for the kind of policies — tariffs and tax cuts

Summarize this content to 1000 words The European Union took the next step on Thursday toward collecting new tariffs on Chinese electric cars, telling automakers to obtain guarantees from banks that they would be able to pay the taxes set to be made final in October.The move was expected. The bloc had said on June 12 that it would impose additional tariffs of 17 to 38 percent on electric vehicles

Summarize this content to 1000 words With Russia mired in a long war in Ukraine and increasingly dependent on China for supplies, Beijing is moving quickly to expand its sway in Central Asia, a region that was once in the Kremlin’s sphere of influence. Russia, for its part, is pushing back hard.As the leaders of Central Asian countries meet with the presidents of China and Russia this week in Astana,

Summarize this content to 1000 words Few auto executives are as closely identified with the companies they manage as Elon Musk, the chief executive of Tesla, is. And probably none are more prolific in broadcasting their political views on social media.But as Mr. Musk’s public persona has become increasingly right wing, Tesla appears to be paying a price in sales, especially to liberal and left-leaning customers who are much more

Summarize this content to 1000 words Boeing said on Monday that it had agreed to buy a major supplier, Spirit AeroSystems, ending a nearly two-decade experiment in outsourcing production of major components of its commercial planes, including the body of the 737 Max and parts of the 767, 777 and 787.In buying Spirit, Boeing hopes to stem quality problems that have plagued the supplier in recent years. While it already