Eli Lilly said it will cut the list prices for its most commonly prescribed insulin and for another insulin by 70% or more in the 4th quarter, which starts in October.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Over a century since launching its famed boots, L.L. Bean sued over a ‘waterproof’ claim
The Freeport-based retailer is the target of a class-action lawsuit alleging the company falsely promoted some of its foul-weather footwear.
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Posted inBusiness, Nation & World
Elizabeth Holmes has 2nd child as she tries to avoid prison
A March 17 hearing will determine whether she remains free during an appeals process that could take years.
Posted inBusiness
Nissan recalls over 809,000 SUVs; key defect can cut off engine
The action covers certain Rogues from the 2014-20 model years and the Rogue Sports from 2017-22.
Posted inBusiness
Wall Street closes chilling February with another dip
Many investors now see the Fed hiking its key overnight interest rate up to at least 5.25%.
Posted inBusiness, Maine, News
Maine delegation to fight bill that would repeal ‘pause’ in lobstering regulations
A proposal by an Arizona congressman would eliminate a six-year freeze on new fishing rules intended to protect endangered whales.
Posted inBusiness, Nation & World, New England, News
JetBlue pilot landing in Boston averts potential collision
The close call occurred at Logan airport on Monday when the pilot of a Learjet 60 took off without clearance as a JetBlue flight was preparing to land on an intersecting runway.
Posted inBusiness, Nation & World, News
U.S. consumer confidence slips again in February
Consumers have been a pillar in the U.S. economy, not ready to slow spending even as the Federal Reserve tightens its monetary policy and signals more rate hikes ahead.
Posted inBusiness, Nation & World, News, Politics
Supreme Court seems ready to reject Biden’s student loan forgiveness
The president’s only hope for being allowed to move forward with his plan appeared to be the slim possibility that the court would find that Republican-led states and individuals challenging the plan lacked the legal right to sue.
Posted inBusiness, Nation & World, News, Politics
White House promises crackdown on migrant child labor
Concerns are mounting that migrant children have been discharged from shelters and out of federal custody too quickly, pushing them into vulnerable situations where they’re more likely to become victims of child labor.