Author: Press Room

Medicare Open Enrollment ends December 7. If you want to keep your premiums as low as possible, you … [+] should review your coverage before then.getty In several press releases over the last few months, the Centers for Medicare & Medicaid Services (CMS) touted improvements in Part D prescription drug plans. CMS projected that the average total monthly premium in 2024 would decrease 1.8% and premiums stabilization measures would limit the growth of the base beneficiary premium to 6%. These announcements were followed by a spate of news releases announcing the 1.8% decrease in Part D premiums, along with reports…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Cravath, Swaine & Moore, the elite US law firm that has customarily set the pay standard for its peers, has established a non-equity partner tier, in a departure from its traditional structure designed to reward star lawyers targeted by rivals.In a company-wide note sent on Tuesday, a copy of which was seen by the Financial Times, presiding partner Faiza Saeed said the firm had “recently established the salary partner role” to help it “retain and promote extraordinary people at all levels”.The move…

© Reuters. U.S. Dollar banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Hari Kishan BENGALURU (Reuters) – The dollar’s recent weakness will linger for the rest of the year, according to a majority of FX strategists in a Reuters poll, who also said economic data will be the primary influencer of major currencies for the rest of 2023. A stronger-than-expected U.S. economy and rising Treasury yields as the Federal Reserve hiked interest rates to curb high inflation provided the dollar with an unassailable edge over its peers. But renewed expectations the Fed is done…

© Reuters. The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid By Sabrina Valle HOUSTON (Reuters) – Occidental Petroleum (NYSE:) on Tuesday beat analysts’ third-quarter profit estimates on strong U.S. oil production, but its results were well below a year ago due to lower energy prices and weaker chemical and pipeline results. The oil and gas company reported a $1.18 a share profit compared to average Wall Street analyst forecasts for an 84 cent a share profit, according to LSEG.…

Brett_Hondow DaVita (NYSE:DVA) stock on Tuesday rose as much as 6.1% to $85 in extended trading, after the dialysis services provider delivered a quarterly top and bottom line beat despite seeing a fall in hospital inpatient revenues. Denver, Colo.-based DVA is one of the leading players in the U.S. dialysis market, which according to Global Market Insights was valued at more than $42B in 2022 and is projected to swell at a nearly 4% compound annual growth rate from 2023 to 2032. DaVita (DVA) reported Q3 adjusted earnings per share of $2.85, which beat estimates by a solid 81 cents.…

WASHINGTON (AP) — The Biden administration is warning U.S. schools and colleges that they must take immediate action to stop antisemitism and Islamophobia on their campuses, citing an “alarming rise” in threats and harassment.In a Tuesday letter, the Education Department said there’s “renewed urgency” to fight discrimination against students during the Israel-Hamas war. The letter reminds schools of their legal duty to protect students and intervene to stop harassment that disrupts their education.HISTORIC RISE IN ANTISEMITISM HAS AMERICAN JEWS ON EDGE: ‘GENERATIONAL CHALLENGE’”The rise of reports of hate incidents on our college campuses in the wake of the Israel-Hamas conflict…

The US Army knows it needs tanks for effective combined-arms operations in Europe and Asia. But it also knows that rivals are building weapons that are potent against the aging Abrams tank. The challenge now is building a tank to face new threats in different regions for decades to come. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Can one tank still be good enough fight on two different battlefields? That’s the dilemma the US Army faces as it grapples with designing a next-generation…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BlackRock is set to invest $550mn into the world’s biggest direct air capture project, which is being developed by Occidental Petroleum, in a sign of growing investor confidence in the nascent technology. The companies said on Tuesday they would form a joint venture to develop Stratos, a project under construction in west Texas that aims to extract carbon emissions from the atmosphere.“This joint venture demonstrates that direct air capture is becoming an investable technology and BlackRock’s commitment in Stratos underscores its importance and…

© Reuters. An electric pick-up truck is pictured at the Rivian Automotive Inc facility in Costa Mesa, California, U.S.,November 1, 2023. REUTERS/Mike Blake By Abhirup Roy and Akash Sriram (Reuters) -Rivian Automotive raised its production forecast for the full year by 2,000 vehicles to 54,000 units on the back of sustained demand for its trucks and SUVs, sending its shares up 3% in volatile after-hours trading. Rivian (NASDAQ:)’s upbeat forecast on electric-vehicle production is a small positive for an industry reeling from the double whammy of high inflation that has dulled buyer appetite and price cuts at market leader Tesla…

© Reuters. FILE PHOTO: The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo (Reuters) -Goldman Sachs plans to offload its General Motors (NYSE:) credit cards, a person familiar with the matter told Reuters on Tuesday. GM will start a process to find a new issuer for the cards instead of Goldman Sachs, the source added. The automaker did not immediately respond to a Reuters request for comment. The development was first reported by the Wall Street Journal. Last month, Goldman beat third-quarter profit estimates helped by…