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Dave Ricks, CEO of Eli Lilly, speaks in the Oval Office during an event about weight loss drugs at the White House in Washington, Nov. 6, 2025.Andrew Caballero-Reynolds | AFP | Getty ImagesEli Lilly opposes the White House’s push to codify “most favored nation” drug pricing into law, CEO Dave Ricks said in an interview with CNBC. Lilly is one of more than a dozen drugmakers that signed deals with the Trump administration last year agreeing to charge similar prices for prescription drugs in the U.S. as in other wealthy nations. President Donald Trump has long complained that Americans pay…

For the second year in a row, March wasn’t pretty for many big-name hedge funds. Loading audio narration… Dmitry Balyasny’s eponymous manager was down 4.3% on the month, a person close to the firm told Business Insider. For the year, the $33 billion firm is down 3.8%. Michael Gelband’s ExodusPoint, which is more fixed-income-focused than its peers, was down 4.5% in March. London-based hedge fund LMR Partners lost 2.4% in its multistrategy fund. Some firms were able to mitigate the damage.Schonfeld Strategic Advisors, now $19 billion in total assets, was flat in March and is up 0.9% for the year,…

Demonstrators rally in support of birthright citizenship outside the U.S. Supreme Court as President Donald Trump attends oral arguments in Washington, D.C., on April 1. Kent Nishimura/AFP via Getty Images hide caption toggle caption Kent Nishimura/AFP via Getty Images A majority of Supreme Court justices peppered Solicitor General D. John Sauer with skeptical questions about the Trump administration’s position that birthright citizenship should not apply to babies born to immigrants in the country illegally. That included conservatives Chief Justice John Roberts and Justices Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett. If conservatives were skeptical of Sauer, Justices Gorsuch and…

Sam’s Club members will have to pay a little more for their membership starting next month. Loading audio narration… The Walmart-owned warehouse chain said Tuesday that it is raising the cost of its basic annual membership from $50 to $60, with Plus memberships increasing from $110 to $120.The 20% hike for the basic tier comes less than four years after the company last raised prices for the option. It also raised prices in 2013.”This update helps us continue delivering unbeatable value and exceptional shopping experiences while investing in an ever-expanding set of member benefits,” the company said.As a perk for…

Turning 40 is a milestone that inevitably inspires introspection. Loading audio narration… In the months leading up to my 40th birthday, my wife and I found ourselves at a personal and professional crossroads.The price of day care in our Providence, Rhode Island, suburb would cost more than our mortgage, meaning we’d essentially have to work more to see our kids less. On top of rising grocery and utility prices, the math for us staying here didn’t add up.After several spreadsheets, calculations, and tough conversations, we reconsidered what we really wanted for our family, our careers, and our lives. Ultimately, we…

On Tuesday morning, the Daily Mail published a shocking and salacious story about Bryon Noem, the husband of Kristi Noem, the former head of Homeland Security. Loading audio narration… Later that day, The New York Times’ Shawn McCreesh published a reaction piece, filled with quotes from the Noems’ friends and neighbors, who were astonished to learn that Bryon Noem was allegedly cross-dressing while texting with women who were not his wife. The story is packed with details about the people who live in and around the small town of Castlewood, South Dakota, near the Noem family farm.That’s nowhere near Washington,…

The U.S. Food and Drug Administration approved Eli Lilly’s GLP-1 pill, the company said, a major milestone for the Indianapolis-based drugmaker and one that will test the market for new weight-loss medications. Lilly said the once-daily pill, Foundayo, will start shipping from direct-to-consumer platform LillyDirect on Monday and will be available at pharmacies and on telehealth platforms “shortly after.” People with insurance coverage could pay $25 a month with a coupon from Lilly, while people paying out of pocket could pay between $149 and $349, depending on the dose. The approval comes just a few months after Lilly submitted the…

A high-end book publisher that owes hundreds of thousands of dollars to music legend Bob Dylan is blaming “predatory” lenders for pushing it into bankruptcy. Loading audio narration… Callaway Arts & Entertainment, Inc., a decades-old New York City-based multimedia publishing company known for producing illustrated books, including Madonna’s 1992 “Sex” book and the singer’s children’s book series, filed for Chapter 11 bankruptcy protection last week.The company, which was also behind a $25,000 Sistine Chapel book trilogy, has estimated both its assets and liabilities at between $1 million and $10 million in court papers.In a Monday court filing, founder and CEO…

The professor who first warned the US about a K-shaped economy is raising another red flag: the stock market may be too optimistic about the Iran war. Loading audio narration… As a result, Peter Atwater — the economist often credited with popularizing the idea of a bifurcated recovery where high earners thrive while lower-income people struggle — says he’s steering clear of US stocks.Atwater says that investors are underpricing a scenario where American businesses are punished abroad because of how inflationary the Iran war has been.”The reason I wouldn’t be buying is, I don’t think yet the investors have fully…

Key PointsMarch rents were down 1.7% on an annual basis, according to Apartment List.That’s the largest drop since Apartment List began tracking in 2017and larger than the record set in the early months of the Covid pandemic. Rents are falling because vacancies are also unusually high.A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Apartment…