Sophia Lewis

In a recent announcement, Sesame Health Marketplace introduced a new clinical weight-loss initiative aimed at providing consumers with affordable access to compounded versions of the widely acclaimed obesity treatment Wegovy, priced at $249 per month. This innovative platform facilitates direct interactions between patients and healthcare providers to schedule and pay for medical visits, bypassing traditional insurance processes. The move includes the addition of the compound semaglutide, the lead component of Wegovy and Novo Nordisk’s diabetes treatment Ozempic, to its platform. This addition is especially timely given the current market shortage of several leading branded drugs. Sesame’s portfolio already includes a…

Target CEO Brian Cornell firmly rejected accusations of price gouging in the hypercompetitive retail industry during an interview Wednesday on CNBC's "Squawk Box." During the discussion, Cornell was confronted with remarks from Democratic presidential candidate Vice President Kamala Harris, who recently supported a federal ban on "corporate price gouging" in the food and grocery industry. Harris cited concerns about companies overcharging consumers and contributing to higher household costs. In response, Cornell pointed to the slim profit margins typical of retail, saying, “We operate on a shoestring profit.” He also highlighted the many options consumers have for finding competitive prices, from…

Federal Reserve Chairman Jerome Powell recently made a strong statement on Friday that the central bank is ready to cut interest rates soon. This potential change, expected in September, marks the first rate cut in more than four years, a significant shift from the near-zero rates that began during the onset of the Covid-19 pandemic. This expected change in monetary policy has prompted many investors to consider their next moves. For those with diversified portfolios, significant changes may not be necessary right now, according to financial experts at CNBC’s Advisory Council. They liken the situation to small adjustments, much like…