Share to Twitter Share to Linkedin The high costs of cancer drugs impact patients negatively. In fact, the out-of-pocket cost burden can be “ financially toxic ” to patients, causing personal bankruptcy or simply take a substantial bite out of people’s discretionary income. Should the Inflation Reduction Act pass later this month, the imposition of a $2,000 cap on Medicare beneficiary out-of-pocket spending on outpatient drugs would address the issue of financial toxicity to some degree, at least for one segment (Medicare) of the market. Currently, 1.5 million medicare beneficiaries pay more than $2,000 out-of-pocket for prescription drugs, while 1.3 million spend more than $7,000. Many of these Medicare beneficiaries are cancer patients. High patient out-of-pocket costs aren’t just a reflection of a poorly designed Medicare prescription drug benefit. More generally, they also reflect a market for cancer drugs which doesn’t function optimally. … [Read more...] about U.S. Prescription Drug Pricing Doesn’t Favor The Patient: Case Of Sub-Optimal Market For Cancer Pharmaceuticals
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Godrej Consumer Products: Largely pricing-led growth
PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook The Q1FY23 results of Godrej Consumer Products (GCPL; CMP: Rs 854; Market capitalisation: Rs 87359 crore) were in line with Street expectations. On a 3-year CAGR (compounded annual growth rate), consolidated volumes grew by 3 percent and India volumes grew by 4 percent. India (57 percent of consolidated revenues) grew by 12 percent mainly due to pricing, while volume saw a decline of 6 percent year on year (YoY). Personal care grew by 25 percent, while home care declined by... … [Read more...] about Godrej Consumer Products: Largely pricing-led growth
Box office: ‘Bullet Train’ arrives with so-so $30.1 million debut, ‘Easter Sunday’ stumbles
- A + A LOS ANGELES (Aug 7): "Bullet Train," a John Wick-ian romp with Brad Pitt in the aisle seat, arrived in theaters with a $30.1 million opening weekend. That's enough to top the domestic box office chart, but it's only a so-so result given "Bullet Train's" $90 million price tag and Pitt's star power. The Sony Pictures release will need to maintain its momentum in the coming weeks as it tries to break even or turn a profit. "Bullet Train" is trying to prove that an action flick that isn't based on a comic book or a toy-line can defy the odds and resonate with audiences. But part of the issue for the film is that critics weren't on board. "Bullet Train" landed a mediocre 41% approval rating on review-aggregation website Rotten Tomatoes, with many reviewers faulting the movie for being overly derivative of the work of Guy Ritchie and Quentin Tarantino. Variety chief film critic Peter Debruge was mixed on "Bullet Train," writing that "neither the characters nor the … [Read more...] about Box office: ‘Bullet Train’ arrives with so-so $30.1 million debut, ‘Easter Sunday’ stumbles
Annuar: Do not hoard cooking oil
Tan Sri Annuar Musa (Photo by Zahid Izzani Mohd Said/The Edge) - A + A SERDANG (Aug 7): Those directly involved in the ecosystem for production and sale of palm-based cooking oil should avoid hoarding or rationing the commodity following the setting of its maximum price at RM34.70 per five-kilogramme bottle effective from Monday (Aug 8), said Tan Sri Annuar Musa. The Chairman of the Special Task Force on Jihad Against Inflation said if traders and retailers resort to such practices, they will ultimately lose out, apart from creating problems for consumers. "Just because the price of oil will drop, for example, people should not start hoarding. It won't solve the problem," he told reporters after visiting the Agriculture, Horticulture and Agrotourism Exhibition 2022 (MAHA 2022) at the Malaysia Agro Exposition Park Serdang on Sunday. He said this when asked about the possibility of irresponsible parties hoarding cooking oil when its price is low, a practice … [Read more...] about Annuar: Do not hoard cooking oil
Thinking of becoming a digital nomad? Set sail for these 10 best beaches for remote workers
Two years after the Great Office Shutdown, so to speak, remote work is growing fast. And with it comes the possibility of picking a home not because it’s close to your office, but because it’s somewhere you want to live—like by the beach, for example, where it’s sunny all year long, winter is just a dream, and rent is actually affordable. advertisement Before the pandemic, 4% of jobs were remote—but that rose to 15% by the end of 2021, and it’s slated to grow to 25% by the end of 2022, according to data from Ladders , a job search firm. Meanwhile, Google searches for remote jobs have increased by 72% as people keep dreaming of the possibilities of finally abandoning their office cubicles. To aid the search, global HR and payroll company Remote compiled a list of the best beachside locations for remote work, based on factors including average internet speed, average monthly rent, and crime rate (on a scale of 0 to 100, with 0 being the safest). Here are the … [Read more...] about Thinking of becoming a digital nomad? Set sail for these 10 best beaches for remote workers
These Facebook and Tinder vets are building a Web3 social network called Niche
Huge, advertising-based, general-purpose social networks aren’t the high-growth cash cows they once were, as Facebook’s recent “growth” numbers would suggest. Many consumers, it turns out, would rather spend their time watching short-form videos than sharing memes and hitting “like” buttons. And new restrictions on user tracking have made it harder for mass-market social networks to target ads. advertisement advertisement The founders of a new social network called Niche believe the next generation of social networks might cater to online communities formed around more specific interests, such as hobbies or creator businesses . So, on the Niche app, which became available in the App Store Tuesday, you would find groups formed around rock climbing or around people who enjoy collecting Star Wars memorabilia. Eventually, Niche will host groups based on many different things, including music artists and business events. advertisement … [Read more...] about These Facebook and Tinder vets are building a Web3 social network called Niche
Castrol India profit rises 47% to Rs 206 crore in June quarter
Castrol India Lubes maker Castrol India on Monday reported a 47 percent growth in profit after tax at Rs 206.26 crore in the June quarter. The company had recorded a Profit After Tax (PAT) at Rs 140 crore the second quarter of 2021, Castrol India said in a statement. Castrol India follows January-December as its financial year. The revenue from operations rose 40 percent to Rs 1,241.71 crore in the June quarter. In the year-ago period, it stood at Rs 890 crore. The company said the second quarter performance was in the backdrop of a volatile market environment where it had to balance rising input costs, while maintaining an optimal price and volume mix. "We effected two price increases in the first half of the year our volumes and margins were under pressure compared to Q1 2022." "We will keep balancing the need to drive growth and customers’ needs while protecting the margins, as inflationary and forex pressures are likely to continue in the second half of 2022,” Sandeep … [Read more...] about Castrol India profit rises 47% to Rs 206 crore in June quarter
Gold climbs four-week peak as US Treasury yields, dollar fall
Representative image Gold hit a four-week high on Tuesday, as a weaker dollar and a dip in U.S. Treasury yields boosted demand for the safe-haven metal amid mounting worries over an economic slowdown. FUNDAMENTALS * Spot gold was up 0.4% at $1,778.69 per ounce, as of 0044 GMT, its highest since July 5. * U.S. gold futures gained 0.2% to $1,791.10 per ounce. * The dollar fell 0.2% to a near one-month low against its rivals, making greenback-denominated gold less expensive for other currency holders. [USD/] Close * Benchmark U.S. 10-year Treasury yields dropped to a four-month low, reducing the opportunity cost of holding non-interest bearing gold. [USD/] [US/] * Data showed U.S. manufacturing activity slowed less than expected in July, with the Institute for Supply Management's (ISM) index of national factory activity dipping to 52.8 last month, its lowest reading since June 2020. * U.S. construction spending also fell 1.1% in June, as outlays on … [Read more...] about Gold climbs four-week peak as US Treasury yields, dollar fall
Oil falls on demand worries, stronger US dollar
Oil prices fell about 1% in early trade on Wednesday, reversing gains from the previous session ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar. Brent crude futures fell 94 cents, or 0.9%, to $99.60 a barrel at 0020 GMT, wiping out the previous session's gain. West Texas Intermediate (WTI) crude futures were down 68 cents, or 0.7%, at $93.74 a barrel, after climbing 53 cents on Tuesday. The Organization of the Petroleum Exporting Countries and allies including Russia, together known as OPEC+, meet on Wednesday. OPEC+ sources told Reuters last week that the group will likely keep output unchanged in September, or raise it slightly. Analysts are expecting no change due to a weak outlook for demand as recession fears grow, and said top producer Saudi Arabia may be reluctant to beef up output at the expense of OPEC+ partner Russia, hit by sanctions due to the Ukraine conflict. Close Ahead of the … [Read more...] about Oil falls on demand worries, stronger US dollar
Kerala farmer’s intra-crop coffee variety vows more income to struggling rubber growers
According to Antony, about 1,500 to 1.800 coffee saplings can be planted in an acre of rubber plantation. Roy Antony, a farmer from Wayanad in Kerala, is delighted that an arabica coffee plant variety he developed is being sought by the ruler of Abu Dhabi for planting in his farmhouse. Named Roys Selection, his coffee plant has become a big draw in the last few years as news of its utility as an inter-crop in rubber plantations spread among planters. “For the farmhouse in Abu Dhabi, they want 3,700 seven-year old arabica plants that have started bearing fruit for making their favourite coffee. There are no rubber plantations there but they are planning to create a cool atmosphere for the ideal growth of the plant," Antony told Moneycontrol. The farmhouse is sourcing coffee as well as other plants from different parts of the world. Antony is happy that the kingdom has gone for the farmer's variety of coffee from India and plans to provide it at a minimum payment. "This … [Read more...] about Kerala farmer’s intra-crop coffee variety vows more income to struggling rubber growers