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U.S. Sen. Bernie Sanders wants to subpoena Novo Nordisk over its prices. A vote on whether to subpoena executives is set for June 18, but the Ozempic and Wegovy maker says the move is unnecessary.
Singapore Airlines is compensating passengers that were on a flight with deadly turbulence. Injured flyers will be offered at least $10,000 each, while everyone on board can get $750.
The merger between Paramount Global and Skydance is off. Among the final issues the two parties couldn’t agree upon was whether all shareholders would be allowed to vote to approve the transaction.
Apple’s stock soared to an all-time high yesterday. The surge came after the company revealed Apple Intelligence and a partnership with OpenAI on Monday. Meanwhile, CEO Tim Cook doubled down on privacy promises.
Boeing has to train thousands of new workers to build safe planes. A wave of retirements means the people putting Boeing planes together are younger and less experienced.
Walmart has a new (digital) pricing strategy
Walmart, the world’s largest retailer, said it plans to use digital shelf labels at 2,300 of its stores in the U.S. by 2026.
What’s a digital shelf label, exactly? The tool will allow Walmart to update prices on its shelves through a mobile app, reducing the need for employees to walk around and individually adjust tag prices for more than 120,000 items.
Matthew Pavich, senior director of strategy & innovation at software company Revionics, told Quartz that Walmart’s recent move to use digital shelf labels has raised the stakes significantly for every retailer trying to match, index, or beat them on prices and promotions. Case in point: It will allow Walmart to quickly mark down a price on an item that another retailer, such as Target and Amazon, is also offering.
Record drug shortages have Americans looking abroad for help
A startup is working to help Americans navigate ongoing shortages of highly-coveted drugs like Adderall and Ozempic. Their solution? Outsource the detective work of finding which pharmacies have these medicines in stock to freelancers abroad.
Right now, the majority of Insito Health’s customers are trying to find Adderall and similar stimulants, which first went into shortage in 2022. But that’s not the only drug: The number of ongoing drug shortages has reached a record high of 323 this year, according to the American Society of Health-System Pharmacists (ASHP).
Read more about how much people are paying outsourced freelancers to find their prescriptions.
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Surprising discoveries
Restaurants accounted for about a fifth of all retail leases in the U.S. last year. The businesses are becoming big real estate winners.
Have you met a Chipotle Boy? Apparently it’s a guy that eats at the chain at least five days a week, and they’re everywhere.
Joey Chestnut won’t compete in Nathan’s Hot Dog Eating Competition because he signed a deal with Impossible Foods. He has won the competition 16 times.
Women may be more resilient to what flying into space does to a human body. A study found that men take longer to recover from the travel.
Landslide tsunamis are a real threat to cruise ships. Scientists are working on guidelines that captains can follow.
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