Sanofi, one of the three major insulin makers in the US, has announced a 78% reduction in the list price of its most widely prescribed insulin, Lantus, and a $35 monthly cap for those with private insurance. Uninsured Americans are eligible for Sanofi’s Insulins Valyou Savings Program. President Joe Biden praised the move, and Eli Lilly and Novo Nordisk have also announced changes to how they price their insulin this month. The Inflation Reduction Act and the actions of the three major insulin makers are a step in the right direction to make insulin more accessible and affordable for people with diabetes.
Posts tagged as “A Lifetime Honorary Trustee”
Key takeaways: A group of America’s largest banks have agreed to deposit $30 billion into First Republic Bank. The move by the banks is a…
This article examines the recent failures of Silicon Valley Bank and Signature Bank, as well as the ongoing issues at Credit Suisse. It is believed that Silicon Valley Bank's lending practices contributed to its rapid failure, leading the FDIC to take control of the bank. Analysts have raised questions about the risk management of the bank's executives and board, and the FDIC is now left to grapple with the consequences of these failures and the questions they have raised.
The U.S. military has released footage of a mid-air encounter between a Russian fighter jet and a US drone that ended with the drone crashing into the Black Sea, raising tensions between the two countries. The U.S. has called on Russia to investigate the incident and take steps to prevent similar incidents in the future, while a senior Russian official has said Moscow would try to recover the wreckage of the drone. U.S. Army Gen. Mark Milley has said the unmanned aerial vehicle had likely broken during the crash and whatever debris was left likely sank to a depth of thousands of feet in the Black Sea.
Credit Suisse, a banking giant, announced on Monday that they had borrowed $54 billion from Switzerland's central bank in an effort to ease mounting fears of a global banking crisis. US Treasury Secretary Janet Yellen and Credit Suisse CEO Ulrich Koerner both released statements reassuring the public that the banking system remains sound and that depositors' savings remain safe.
US-Russia tensions have risen following the release of a US military video showing a Russian Su-27 fighter jet conducting an "unsafe/unprofessional intercept" of a US Air Force MQ-9 drone over the Black Sea. The footage shows the Russian jet making two passes by the drone and dumping fuel on it, and US Air Force Gen. James B. Hecker has accused the jet of nearly causing the two aircraft to crash. Kremlin spokesman Dmitry Peskov has warned that the incident has damaged relations between the two countries.
The Biden administration has issued an ultimatum to TikTok, a popular social media app with over 100 million US users, to be sold by its Chinese owners or face a ban across the US. The move is in response to security concerns posed by the app's Chinese ownership, and marks a possible turning point in the long-running negotiations between federal officials and the company. TikTok has expressed disappointment with the ultimatum, and it remains to be seen how the company will respond.
US Defense Secretary Lloyd Austin declared that US aircraft will continue to fly and operate in accordance with international law, following an incident involving a US drone and Russian aircraft over the Black Sea. The jets had dropped jet fuel on the drone, an unprecedented action, and Austin emphasized that it is incumbent upon Russia to operate military aircraft in a safe and professional manner. The incident has raised concerns over the safety of US aircraft in international airspace, and the US is expected to take further measures to ensure the safety of its aircraft.