David Joyner, a longtime CVS executive, speaks during a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., on May 10, 2023. Al Drago | Bloomberg | Getty Images CVS Health CEO David Joyner on Wednesday defended controversial pharmacy middlemen like his company’s Caremark unit, which are widely accused of inflating prescription medication…
As tens of millions of Americans prepared to watch the Super Bowl this weekend, Donald Trump sat for the customary pre-game presidential interview. Trump was elected after pledging to bring down prices fast as much of the country grappled with the cost of living after years of heightened inflation. So when the Fox News anchor…
Sir Jim Ratcliffe faces growing concerns over the financial health of his chemicals empire as its debt pile is forecast to reach almost €12bn (£10bn) this year and his sporting interests including Manchester United and New Zealand rugby hit crisis point. Two leading credit ratings agencies raised red flags over the Ineos Group weeks before…
The Premier League has asked its clubs for expanded investigatory powers, including the right to access club premises, as part of new financial rules. The proposals are included in the latest draft of the squad cost ratio (SCR) mechanism which is expected to replace the profitability and sustainability rules that limit spending. The Guardian understands…
Seven-time Super Bowl champion Tom Brady is entering the sports collectibles space. Brady will acquire a 50% stake in CardVault, a sports card and memorabilia retailer, the company announced on Wednesday. As part of the deal, CardVault will change its name to “CardVault by Tom Brady,” and is planning to rapidly scale its footprint. Card…
The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California. Mario Tama | Getty Images Restaurant Brands International on Wednesday reported same-store sales growth of 2.5%, fueled by the better-than-expected performance from Burger King’s and Popeyes’ restaurants. Shares of the company rose roughly 3% in…
One of the UK’s biggest providers of motor finance has warned it expects to set aside up to £165m in the first half of its financial year to cover possible legal and compensation costs as a result of the car loans commission scandal. Close Brothers said it had come up with the estimate after a…
Coca-Cola has said it may have to increase its use of plastic in the US if Donald Trump’s tariffs raise the cost of aluminium cans. The drinks company’s warning follows Trump’s introduction of 25% tariffs on foreign steel and aluminium entering the US, which could push up the prices of canned food and drink. Coca-Cola’s…
In March my daughter’s phone was stolen at a tube station. She went straight to a friend’s flat and called EE to cancel the sim and Apple to block the phone. The next day she bought a new handset and obtained a replacement sim. I pay the bill and since the theft I have been…
Aberdeen in Scotland is the most affordable city for single people to buy a home in Great Britain, analysis of national property data shows, with the average one- or two-bedroom home valued at just under £120,000. Monthly mortgage payments in the city came in at £510 a month – about 16% of the area’s average…
