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Are the costs of some of your drugs on your Medicare Part D drug plan giving you a headache?getty We are only two weeks into the Open Enrollment Period, and I have encountered four clients who are very dissatisfied. They complain that the copayment for a new drug is “insane” or “ridiculous.” In other words, they are paying way too much. These clients have two things in common. One, they are all unhappy and, two, the drug is not covered by their Part D plan. They have questions about this situation so here are some answers. Why is a drug…

Man with his ears plugged so he can’t hear.getty In considering and studying inequality, researchers, philosophers, and others look at many factors, such as initial and accumulated advantages, sociological edges, favors from affinity groups, institutional power, and even protection by systemic bias and inertia. But a couple of weeks ago, new research in the journal Psychological Bulletin, published by the American Psychological Association (APA), pointed to another factor: ignorance. Ignorance can come from an innate lack of awareness or of data and information, a lack of education, or an inability to grasp a fact or line of logic. That isn’t…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.By regulating artificial intelligence, the US government has given AI start-up OpenAI exactly what it asked for. This bolsters the company’s odds of securing an $86bn valuation. But a rivalry with Big Tech companies, including one of its own investors, could put a ceiling on future valuations. That could open the door to a sale.When Microsoft extended its partnership with the ChatGPT chatbot creator this year, chief executive Satya Nadella described it as built around a shared ambition. However, the two companies…

© Reuters. FILE PHOTO: Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato/File Photo By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks inched lower on Wednesday ahead of a keenly-awaited policy decision from the Federal Reserve later in the day, while the yen was stuck near one-year lows against the dollar, keeping markets on edge for possible intervention by Tokyo. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.13% lower, starting November in a sombre mood after clocking three straight months of losses. was 2% higher. China shares…

© Reuters. In a strong opening on Wednesday, South Korean stocks mirrored Wall Street’s overnight performance, with investors showing renewed interest in tech stocks following a recent dip. The index surged 1.39% to 2,309.56 in early trading, reflecting the positive momentum. This uptick was concurrent with the rise in the US markets, where Dow Jones and rose by 0.38% and 0.48% respectively. Investors are currently focused on the Federal Reserve’s two-day policy meeting that began on Tuesday. Market participants are keenly observing Fed Chair Jerome Powell’s indications regarding potential rate hikes aimed at achieving a 2% inflation target. The speculation…

© Reuters. Investing.com– Oil prices rose slightly in Asian trade on Wednesday, recovering from their worst month in five as traders priced in a smaller risk premium from the Israel-Hamas war, with focus now turning to a Federal Reserve decision on interest rates. Markets also digested somewhat mixed industry data on U.S. oil inventories, which showed that while overall inventories grew, gasoline and distillate stockpiles fell sharply. Oil prices plummeted in recent sessions amid increasing bets that the Israel-Hamas will not meaningfully affect Middle Eastern crude flows, especially as no other Arab powers appeared to have joined the conflict.  Still,…

Joshua Hicks/iStock via Getty Images Marathon Petroleum (NYSE:MPC) is “not interested” in participating in the auction process for Citgo’s U.S. refining assets, preferring to spend on the company’s own 13 refineries, CEO Michael Hennigan said Tuesday on Marathon’s post-earnings conference call, as reported by Argus. “Refining M&A is one of the more challenging ways to create value,” Senior VP David Heppner said on the call in response to a question about the company’s interest in the Citgo auction, according to Argus. “You shouldn’t anticipate us participating in the current auction process for the Citgo assets.” Citgo, with more than 800K…

© Reuters. Investing.com– Traders remained on edge over any potential intervention in currency markets by Japanese authorities, as the yen plummeted to a one-year low after the Bank of Japan disappointed markets with only minimal changes to its yield curve control policy.  The slid 1.7% on Tuesday to 151.77- its weakest level against the dollar since late-October 2022. But the yen rose 0.2% on Wednesday morning to 151.40, recovering some ground after top currency official Masato Kanda said that the government was ready to act against “one-sided” moves in currency markets. Kanda’s comments were the latest verbal warnings from the…

Speaker Mike Johnson’s decision to force a stand-alone vote on aid for Israel, peeling off a request from the Biden administration for money from Ukraine and coupling it with spending cuts, has set up a confrontation between the House and Senate over how to fund U.S. allies during the conflicts.Mr. Johnson, the Louisiana Republican who has personally voted against sending military aid to Kyiv, released a $14 billion aid bill for Israel on Monday. It includes a provision that would rescind the same amount of money earmarked for the Internal Revenue Service as part of the Inflation Reduction Act, a…