Drugstores are eager to offer primary care as they aim to bundle a widening scope of their consumers' health care needs.
Why it matters: Bundling individual services under one roof and one brand would deepen stores' ties with customers and patients — providing them a one-stop shop for doctor's visits, insurance and pharmaceuticals.
Federal Reserve officials have watched closely as interest rates plunged the last few weeks. Apparently, they don't like what they see.
Driving the news: Markets were becoming too confident in future easing, starting to price in only modest rate increases, and possible cuts next year. That has partially reversed this week after some hawkish Fed talk.
Two upcoming movies "Batgirl" and "Scoob!: Holiday Haunt" have been shelved despite being near-ready for release, Warners Bros. said in a statement to The Hollywood Reporter.
Driving the news: Warner Bros. spent $90 million to produce "Batgirl," an adaptation of the DC Comics character that was in the final stages of production before it was canned.
Drive-by regulating usually happens on roads where set rules don't really exist, explaining the steady drumbeat of enforcement action levied against crypto firms. But that style of regulation has now hit New York, where crypto rules are deemed so onerous by the industry that they prompted mass exodus.
What's happening: The New York State Department of Financial Services on Tuesday imposed a $30 million fine on the crypto trading division of Robinhood Markets, citing alleged violations of anti-money-laundering and cybersecurity regulations, among other things.
At the end of the crypto bull market, Curve was solidly the number one place in decentralized finance (DeFi) for investors to tuck away funds to earn more. It has fallen to fifth place today, according to DeFiLlama.
Why it matters: Curve's drop is largely a reflection of falling demand for stablecoins, the efficient trading of which is the focus of its protocol. Investors in decentralized finance (DeFi) make deposits onto different applications to earn passive income. How much they entrust to which projects reflects, in part, which ones they believe have the best prospects.
Crypto venture capital activity has slowed amid price plunges and near-daily hacks. But one of the market's most active players is pledging to "invest even more aggressively."
Driving the news:Crypto exchange Binance tells Axios that it has named co-founder Yi He as head of Binance Labs, its VC and incubator arm.
Thoma Bravo on Wednesday agreed to buy Ping Identity (NYSE: PING), a Denver-based authentication software company, for around $2.8 billion. Sellers would include Vista Equity Partners, which took Ping public in 2019 and currently holds just under a 10% stake.
Why it martters: Expect this to be just the tip of the spear when it comes to private equity carousel deals, in which PE-backed companies that IPO'd during the bull run are returned to private hands.
"It's a good year for workers to be bargaining," says Pat Telesco, who helped negotiate a union contract — ratified late last week — for AT&T workers in 36 states that guarantees annual inflation-adjusted raises over the next three years.
Why it matters: The tight labor market and rising inflation are putting increased pressure on employers to raise pay, and sparking a return of cost-of-living adjustments in union agreements (COLAs) that largely fell out of favor in recent decades.
Infowars’ Alex Jones is back in bankruptcy court ... again.
Why it matters: For the second time this year, the right-wing provocateur is testing the boundaries of how the U.S. bankruptcy code can be used by companies — and their owners — to limit the cost of litigation damages.
Women's average wages fall after abortion restrictions are enacted in their home state, as some either stop working or take lower-paying jobs, finds a comprehensive new analysis, set to be published next year in the Indiana Law Journal.
Why it matters: The study expands onother research, looking at decades of data across the U.S., and points toward a grim economic future for women, now that states are moving forward with abortion bans in the wake of the Supreme Court's Dobbs decision.
The federal government is doling out $5 billion to states to build a nationwide network of highway charging stations intended to get more people to buy electric vehicles.
Why it matters: The taxpayer-funded charging network is a cornerstone of President Biden's ambition to electrify America's transportation sector.
A federal judge has granted a motion to dismiss three wire fraud charges against Joseph Sullivan, Uber's former chief security officer who allegedly tried to conceal a 2016 data breach in which hackers stole the account information of 50 million customers and seven million drivers.
Yes, but: Sullivan still faces charges for obstructing a U.S. Federal Trade Commission (FTC) proceeding and failing to report a felony.
