The AARP report suggests the spending cap could be huge for Medicare enrollees who take costly drugs for cancer, rheumatoid arthritis, and other conditions.

Fresh off a record year for profit and revenue, JPMorgan is facing questions over what CFO Jeremy Barnum admitted was excess capital.

The Department of Transportation has sued Southwest Airlines, alleging the carrier operated chronically delayed flights.

The Federal Trade Commission has filed a lawsuit against agricultural equipment giant Deere & Company, alleging it holds a monopoly on repair services.

Bristol Myers Squibb plans to release initial late-stage trial data on Cobenfy in Alzheimer's-related psychosis during the latter part of the year.

The lander of Texas-based rocket and spacecraft builder Firefly Aerospace has begun a 45-day trip to the moon.

Full-year ticket sales were down just 3.4% from 2023, reaching $8.74 billion, a far cry from the nearly 27% shortage seen at the midway point of 2024.

Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.

The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.

Boeing delivered 348 airplanes in 2024, less than half of rival Airbus's deliveries.

Eli Lilly shares dropped after the drugmaker cut its 2024 revenue guidance, citing lower-than-expected demand for its obesity and diabetes drugs.

The Consumer Financial Protection Bureau announced it was suing Capital One for "cheating" customers out of more than $2 billion in interest.

Pinto has worked at JPMorgan and a predecessor firm for more than four decades.

Southwest had been under pressure from activist Elliott Investment Management to increase returns.

Companies are pledging millions in donations to aid relief efforts for victims of the Los Angeles wildfires.

Eli Lilly and its rivals are working to develop more convenient options than the injectable Zepbound and Wegovy, which dominate the weight loss drug market.

The deal will give Comcast a minority stake in the NBA's 76ers and naming rights to the future arena.

Moderna now expects 2025 revenue to come in between $1.5 billion and $2.5 billion, most of which will come in the second half of the year.

Lululemon, Abercrombie & Fitch and American Eagle all hiked their holiday guidance, but Abercrombie's growth is slowing.

CEO Erik Nordstrom credited the company's "efforts to remain competitive in the promotional environment and the strength of our offering."