Author: Press Room

See how Rick Scott responded after Biden attacked his plan in speech Senator Rick Scott (R-FL) talks with CNN’s Kaitlan Collins on the ongoing partisan battle over funding Medicare and Social Security following President Biden’s annual State of the Union address. Source: CNN

Canopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close its hallmark 1 Hershey facility and consolidate some of its cultivation operations. The Smiths Falls, Ont. cannabis company said Thursday that the layoff will impact 35 per cent of its workforce and take place over the next several months.The move is meant to help the company reach profitability and enable sustainable and long-term growth, said David Klein, Canopy Growth’s chief executive.“Canopy must reach profitability to achieve our ambition of long-term North American cannabis market leadership,” he said, in a statement…

A five-year experiment aimed at improving care for some of California’s most at-risk Medicaid patients — including homeless people and people with severe drug addictions — resulted in fewer hospitalizations and emergency room visits that saved taxpayers an estimated $383 per patient per year, according to a review released Wednesday.The UCLA Center for Health Policy Research said that for every 1,000 people enrolled in California’s Whole Person Care pilot program, there were 45 fewer hospitalizations and 130 fewer ER visits when compared with a similar group of patients who were not in the program.California has the largest Medicaid program in…

CNN  —  The Biden administration is considering deporting non-Mexican migrants to Mexico in an unprecedented step to stem the flow of migration to the US southern border, according to two Homeland Security officials. Since taking office, President Joe Biden has wrestled with a growing number of migrants at the US-Mexico border, fueling criticism from Republicans and concern among some Democrats. To manage the flow, the administration has leaned on a Trump-era Covid-19 restriction, known as Title 42, to turn away certain migrants encountered at the US-Mexico border. But with the clock ticking on its potential expiration and amid ongoing litigation,…

CNBC: Coach Store Harry Reid International AirportA Coach store inside Harry Reid International Airport. Check out the companies making the biggest moves in premarket trading:Tapestry — The company reported adjusted fiscal second-quarter earnings before the bell of $1.33, beating StreetAccount’s estimate of $1.27, and raised its fiscal 2023 earnings outlook. Tapestry rallied nearly 10% in the premarket.Hilton Worldwide — The hotel operator reported adjusted fourth-quarter earnings of $1.59 per share before the bell, topping estimates of $1.22, per StreetAccount. Its revenue of $2.44 billion also came above the $2.35 billion expected. Hilton was up 1.2% in the premarket.Credit Suisse — The…

The bulk majority of Bank of New York Mellon’s clients are interested in investing in digital assets despite the recent market meltdown. Citing a 2022 study of the custodian bank’s clients, BNY Mellon’s head of advanced solutions Michael Demissie said clients are “absolutely interested” in digital assets. He argued that digital assets are “here to stay” despite the 2022 market crash that led to the collapse of some major crypto companies. “What we see is clients are absolutely interested in digital assets, broadly,” Demissie said, speaking on a panel on cryptocurrency at Afore Consulting’s 7th Annual FinTech and Regulation Conference.However, Demissie noted that a…

Ready to move on. Prince Harry is hoping that chatter about his virginity loss won’t continue for much longer, an insider exclusively reveals in the new issue of Us Weekly. “It’s a little embarrassing,” the source says of the Duke of Sussex, 38. “It just is what it is, and he figures this will all die down and go away soon enough.” The insider added that Harry “lost contact” with the woman he wrote about after their hookup. “That wasn’t due to any ill feeling or excessive awkwardness, at least not as Harry sees it,” the source explains. “They were…

TOKYO: Philippine President Ferdinand Marcos hailed new deals signed with Japan in Tokyo on Thursday (Feb 9) as the nations seek to deepen ties, including on security, in response to growing Chinese military pressure. The countries agreed on measures to speed up military deployments for humanitarian assistance and disaster relief. They also signed several other deals, ranging from infrastructure loans to cooperation on agriculture and technology. “After our meeting, I can confidently say that our strategic partnership is stronger than ever, as we navigate together the rough waters buffeting our region,” Marcos said following talks with Japanese Prime Minister Fumio…

President Joe Biden’s second State of the Union address played well with viewers, and may have helped him tee up a bid for reelection in 2024 — but it might not make a lasting impact on his hopes for a second term, experts said.In his speech to Congress Tuesday night, Biden issued an appeal for political unity while touting his legislative achievements and taking credit for some recent improvements to the U.S. economy. He also sketched a broad outline of his policy goals for his next two years in the White House, including a new minimum tax on billionaires and a…

The company announced Wednesday that it plans to pay $10.6 billion to acquire Oak Street Health, a primary care provider mainly for adults on Medicare Advantage. Oak Street has 160 health care clinics in 21 states.Medicare Advantage, also known as Medicare Part C, is a type of Medicare health plan offered by a private company that contracts with Medicare. It enrolls nearly half of all Medicare beneficiaries.CVS for years built out retail stores and basic MinuteClinics. It also became a pharmacy benefits’ manager. In 2018, CVS bought Aetna, making it one of the largest health insurers in the country. Although…