Tag Archives: Prices (Fares

Trump’s Tariffs Could Impact Apparel Companies That Make Clothing in the U.S.

Trump’s Tariffs Could Impact Apparel Companies That Make Clothing in the U.S.

On the open 15th floor of a loft building in Midtown Manhattan, about a dozen skilled workers make their way through piles of pants, stitching each piece together with focus and precision. Some of the items are designed by Outlier, a fashion brand that produces its smaller runs and experimental products with the garment district’s ecosystem of contract manufacturers. It’s …

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Medicare Bleeds Billions on Pricey Bandages, and Doctors Get a Cut

Medicare Bleeds Billions on Pricey Bandages, and Doctors Get a Cut

Companies can set such high prices because of a quirk in Medicare pricing rules, industry experts said. For the first six months of a new bandage product’s life, Medicare will set the reimbursement rate at whatever price a company chooses. After that, the agency adjusts the reimbursement to reflect the actual price paid by doctors after any discounts. To circumvent …

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Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook

Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook

U.S. oil prices fell sharply, briefly dipping below $60 a barrel on Sunday — their lowest level in almost four years — as the economic fallout from President Trump’s latest round of tariffs reverberated around the world. Crude oil now costs around 15 percent less than it did last Wednesday, just before Mr. Trump revealed his plans to impose stiff …

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Bitcoin Is Down 10% Since Trump’s Global Tariff Announcement

Bitcoin Is Down 10% Since Trump’s Global Tariff Announcement

Virtually everyone in the cryptocurrency world celebrated the second election of President Trump, an enthusiastic booster of the industry who promised to turn the United States into the “crypto capital of the planet.” But now the man nicknamed “the first Bitcoin president” is presiding over a Bitcoin crash. Since Mr. Trump announced his global tariffs last week, the price of …

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Two Liquid Egg Brands Recalled Over Bleach Contamination Risk

Two Liquid Egg Brands Recalled Over Bleach Contamination Risk

Thousands of pounds of liquid egg substitutes sold under two popular brand names have been recalled because of the potential risk of contamination with a cleaning solution, federal safety regulators said. Cargill Kitchen Solutions in Lake Odessa, Mich., recalled about 212,268 pounds of products under its Egg Beaters and Bob Evans labels because they may contain a cleaning solution with …

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Used Tesla Market Heats Up as Owners Sell to Protest Elon Musk

Used Tesla Market Heats Up as Owners Sell to Protest Elon Musk

For the last several months, Ken Harvey has been cultivating a budding side business for his Honda and Mazda dealerships in Northern California: selling used Teslas. A few times a month, Mr. Harvey picks up a few pre-owned Teslas at a local automobile auction and offers them for sale, often at surprisingly affordable prices, thanks to a $4,000 federal tax …

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7 Americans Weigh In on Trump’s Sweeping Tariffs

7 Americans Weigh In on Trump’s Sweeping Tariffs

‘As a business owner, you don’t make money right away, right?’ Hamid Chaudhry, 53, from Reading, Pa. “I live in Trump country,” Hamid Chaudhry said. “Nobody is panicking.” The owner of a farmer’s market, he said he has taken a 25 percent cut in profits over the past year because of the rising costs of goods and services. He said …

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Trump Rejects Proposal for Medicare to Cover Wegovy and Other Obesity Drugs

Trump Rejects Proposal for Medicare to Cover Wegovy and Other Obesity Drugs

The Trump administration on Friday rejected a Biden plan that would have required Medicare and Medicaid to cover obesity drugs and expanded access for millions of people. Under the law that established Medicare’s Part D drug benefits, the program was forbidden from paying for drugs for “weight loss.” The Biden administration’s proposal last November had attempted to sidestep that ban …

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Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble

Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble

In the weeks leading up to his expansive global tariffs, President Trump and his top aides tried to prime the public for economic pain. They warned that while there would be fallout from their aggressive trade strategy, it would prove short-lived and benefit the economy in the long run. Investors, businesses and others made clear on Thursday that the U.S. …

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Trump’s Next Tariffs Target Could be Foreign-Made Pharmaceuticals

Trump’s Next Tariffs Target Could be Foreign-Made Pharmaceuticals

Newer and more expensive medications are more likely to be made in the United States or Europe. Ireland, in particular, has become a hub because it is a tax haven. Many of the industry’s biggest blockbusters are manufactured at least partly in Ireland. Among them are: Keytruda, Merck’s cancer drug; Zepbound, Eli Lilly’s weight-loss drug; and Stelara, Johnson & Johnson’s …

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