2019 to bring higher prices for New York ride-sharing

A new congestion fee in Manhattan’s busiest zones and an upcoming first-of-its-kind minimum wage rule for ride-sharing drivers will cause the costs of using Uber and Lyft around New York City to spike in 2019, Bloomberg reports. The big picture: The $2.75 fee for ride-sharing vehicles — $2.50 for yellow taxis — takes effect Jan. 1…

Continue Reading →

What the End of Hong Kong’s Easy Money Era Means for Home Prices

Terms of Service Violation Your usage has been flagged as a violation of our terms of service. For inquiries related to this message please contact support. For sales inquiries, please visit http://www.bloomberg.com/professional/request-demo If you believe this to be in error, please confirm below that you are not a robot by clicking “I’m not a robot”…

Continue Reading →

Apple says Trump’s proposed China tariffs will raise prices

Apple, in a letter filed to the United States Trade Representative, predicted that tariffs proposed by President Trump on Chinese goods will boost the prices of many of its products and could ultimately hurt the economy, Bloomberg reports. The state of play: Apple’s shares dropped by .8% after news of the letter broke. With $50…

Continue Reading →

A No-Deal Brexit Could Mean Higher Prices, More Red Tape and Less Sperm

Terms of Service Violation Your usage has been flagged as a violation of our terms of service. For inquiries related to this message please contact support. For sales inquiries, please visit http://www.bloomberg.com/professional/request-demo If you believe this to be in error, please confirm below that you are not a robot by clicking “I’m not a robot”…

Continue Reading →

Medicare inches forward on drug prices

The Trump administration is making another incremental move toward lower drug prices, opening up a new part of Medicare to well-established competitive pressures. The big picture: “Step therapy” allows insurance companies and pharmacy benefit managers (PBMs) to set up a system under which patients have to start with a cheaper drug first, switching to a…

Continue Reading →

Global Heat Wave Toasts Wheat and Prices Soar

Global wheat prices have soared to multiyear highs as a heat wave sweeping across Europe and Asia slashes forecasts for this year’s harvest. The price rise could potentially provide some relief to North American farmers, who have largely avoided such scorching weather, just as Chinese tariffs sap demand for other crops like soybeans. Chicago…

Continue Reading →

Procter & Gamble Reports Slightly Higher Sales, Drop in Prices

Procter & Gamble Co. said it was raising prices on some of its biggest brands, a strategy shift after the consumer-products giant reported another quarter of lackluster revenue growth. After more than a year of trying to combat weak demand with lower prices on staples like Tide detergent and Gillette razors, executives said Tuesday the…

Continue Reading →

Trump Said He Got Pfizer to Roll Back Prices. Not Really.

Terms of Service Violation Your usage has been flagged as a violation of our terms of service. For inquiries related to this message please contact support. For sales inquiries, please visit http://www.bloomberg.com/professional/request-demo If you believe this to be in error, please confirm below that you are not a robot by clicking “I’m not a robot”…

Continue Reading →