Gold Coast News HQ

Apr 24, 2024 | goldcoastnewshq.com | Logan Jones

More than 3 million people with Medicare could be eligible for coverage of Wegovy now that the blockbuster weight loss drug is also approved in the U.S. for heart health, according to an analysis released Wednesday by health policy research organization KFF. But some eligible beneficiaries could still face out-of-pocket costs for the highly popular and expensive drug, KFF said. CertainMedicare prescription drug plans may also wait until 2025 to cover Wegovy.

Apr 24, 2024 | goldcoastnewshq.com | Logan Jones

Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024. Bloomberg | Bloomberg | Getty ImagesThe chief executive of the world’s largest wealth fund says there are many wild cards in financial markets right now, butthe “big worry” for investors is what a commodities rally could mean for the inflation outlook.

Apr 24, 2024 | goldcoastnewshq.com | Logan Jones

Tesla is eliminating 3,332 jobs across the state of California, and 2,688 jobs in Austin, Texas, according to Worker Adjustment and Retraining Notification (WARN) Act letters and notices filed in both states. The layoffs are part of a broader restructuring that the electric vehicle maker announced last week. In 2021, Tesla CEO Elon Musk moved the company’s corporate headquarters to Austin from Palo Alto, California.

Apr 23, 2024 | goldcoastnewshq.com | Logan Jones

Block Inc logo is seen displayed in this illustration taken, April 10, 2023. Dado Ruvic | ReutersJack Dorsey says that his payments company, Block (formerly Square), is expanding its bitcoin mining ambitions from designing chips to developing a full bitcoin mining system.

Apr 23, 2024 | goldcoastnewshq.com | Logan Jones

Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023. Gonzalo Fuentes | ReutersTesla reported a 9% drop in first-quarter revenue on Tuesday, the biggest decline since 2012, and missed analysts’ estimates, as the electric vehicle company weathers the effect of ongoing price cuts.