This is an excerpt from a story delivered exclusively to Business Insider Intelligence Payments & Commerce subscribers. To receive the full story plus other insights each morning, click here. The platform was found to have 4,152 items that were deemed unsafe by federal agencies, labeled misleadingly, or banned by federal regulators by a report from The […]
A person reportedly died and 320 passengers and crew had to be evacuated after a cruise ship in Russia caught on fire
Vladimir Smirnov\TASS via Getty Images A person was killed on August 22 after a fire broke out on the Russian river cruise ship Pyotr Tchaikovsky, the Russian publication Fontanka reported. The ship was reportedly docked in St. Petersburg early on Thursday morning when the fire started in the cabin of one of the ship’s mechanics […]
Uber and Lyft are raising prices. One analyst says it could send Lyft’s stock 20% higher. (LYFT)
DON EMMERT/AFP/Getty Images Lyft was upgraded to "buy" with a price target of $60 by a team of analysts at Guggenheim Partners on Monday. Shares rose more than 3% in early trading Monday. The upgrade came after solid second-quarter earnings changed analysts’ perspective on the company’s potential, Jake Fuller of Guggenheim said in a note. […]
Why Apple will be able to thrive despite trade war
Apple’s stock is helping lead U.S. stocks higher on Monday, buoyed by the possibility of re-opened trade negotiations with China. Source: Business News –
Colorado joins California in requiring automakers to sell more electric cars
Colorado has become the 11th state to adopt California’s zero-emission-vehicle mandate forcing automakers to sell more electric cars in the state. Source: Business News –
A new study reveals how the price of treatments for a devastating disease quadrupled over the past decade
perfectlab/Shutterstock In a study published by JAMA Neurology, researchers found that multiple sclerosis patients who have Medicare Part D—government-funded health insurance that covers prescription drug costs—have seen their medication prices quadruple from 2006 to 2016. The rise in drug prices has also translated to an increase in patients’ out-of-pocket expenses, which increased by seven times […]