Last year alone, David Mitchell paid $16,525 for 12 little bottles of Pomalyst, one of the pricey medications that treat his multiple myeloma, a blood cancer he was diagnosed with in 2010. The drugs have kept his cancer at bay. But their rapidly increasing costs so infuriated Mitchell that he was inspired to create … Read more
One day after Ford CEO said union activity was making him reconsider where the company puts its plants, the United Auto Workers union is threatening a strike at the company’s largest and most profitable factory. The union said Friday that nearly 9,000 workers at the Kentucky Truck Plant in Louisville will strike on Feb. 23 … Read more
Primary Wave Music has announced a partnership with Y.M.C.A hitmakers Village People. The agreement covers the group’s brand, as well as name & likeness rights, plus master recordings and publishing assets. A price for the transaction has not been disclosed. Founded in 1977, Village People have sold more than 100 million records worldwide. Y.M.C.A … Read more
Nike’s CEO John Donahoe blamed himself on Friday while saying the company was laying off more than 1,500 people—cuts that Donahoe said would “reignite our growth.” In a widely reported memo announcing the 2% cut to Nike’s workforce, Donahoe added that he didn’t take the decision to lay off thousands of employees lightly and put … Read more
New innovations are being developed every day, and companies are placing big bets on whether their products will be the future. Apple’s Vision Pro or Elon Musk’s Neuralink are two examples of that today. But what’s in common behind virtually every major decision being made at businesses small and large—and across industries: the reliance on … Read more
It should come as no surprise that big business decisions are made every single day at companies small and large. It is also well assumed that the best big decisions are ones with evidence and back them up—in the form of data. But how does data go from being raw information like surveys and click-through … Read more
Timing matters. When it comes to timing the transition to electric vehicles, several Japanese automakers may be getting it just about right—despite appearing to be late to the game at first. Rather than rush headlong into EVs, Toyota, Honda, and Mazda have focused on hybrid vehicles as a more practical transition—to great success. They’ve each … Read more
For years, Target has leaned into its faux-French nickname “Tar-jay,” marketing itself as an elevated-yet-affordable retailer. But Target’s new “dealworthy” brand, which includes items from jumbo cotton balls to boxer briefs, could call that strategy into question. The retailer introduced the budget-conscious brand on Thursday with nearly 400 products, mostly essentials and apparel, priced mostly … Read more
Three finance professors have ruffled the feathers of one of Wall Street’s most vocal hedge fund managers with a new paper. “Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice” estimates that “Americans could realize trillions of dollars in welfare gains” by adopting an “all-equity strategy” for their retirement savings. It’s a serious … Read more
A financially troubled former funeral home owner kept a deceased woman’s body in a hearse for two years at a house where police also found the cremated remains of at least 30 people, authorities said Friday in the latest case to underscore lax oversight of Colorado’s funeral industry. The grisly discovery occurred Feb. 6 during a court-ordered … Read more