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Investors Are Too Spooked by Washington's PBM Crackdown
Efforts to take on Cigna’s and CVS’s pharmacy benefit managers won’t hurt as much as Wall Street expects. Source link
China’s Smaller Cities Struggle to Unload Empty Apartments
World Asia China Around a third of all newly completed apartments in the country went unsold in 2022 Source link
S&P 500’s Resilience in the Banking Crisis Is Largely Thanks to Tech
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Tesla Keeps Growing, but at What Cost?
In recent months, the electric-vehicle maker has doubled down on growing as fast as possible. A big question for investors now is what that cost
Justice Department Sues Activision Over Esports Leagues
The government alleges the videogame company imposed rules that limited competition for players and suppressed wages. Source link
OPEC+ Oil Market Move Less Surprising Than It Seems
The latest output cut took the markets by surprise, but conditions might have justified it. Source link
As Dealerships Get More Stock, Auto Makers' Sales Rebound
GM, Hyundai and other auto makers report a robust start to the year, due in large part to rising inventory levels and easing supply-chain troubles.
Klaviyo Hires Bankers, Plans for Late 2023 IPO
WSJ News Exclusive Finance Marketing-automation company’s plans show potential thaw in new-issue market Source link
Disney CEO Iger Calls DeSantis’s Moves Antibusiness, Anti-Florida
Business Company, state have been clashing since Disney opposed Parental Rights in Education bill last year Source link
Saudi-Led Oil Producers to Lower Output Further
The new cuts are expected to total more than a million barrels a day, a surprise move that led to a jump in crude prices.