Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
Stocks have been grinding sideways, but technical analysts say once they breakout, the move to the upside could be powerful.Market Insiderread more
SpaceX is deep into development of its Starship rocket, with recent updates from CEO Elon Musk showing the first one under construction.Investing in Spaceread more
The new wireless earbuds, codenamed "Puget," are expected to come with an accelerometer and be able to monitor things like the distance run, calories burned, and pace of...Technologyread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
Toys R Us' bankruptcy caused a 7% surge in sales for the toy industry during the first half of 2018 as parents stocked up, then sales fell 2% as manufacturers experienced...Retailread more
After an unexpected loss of subscribers and increased competition in the streaming war, shares of Netflix erased all of its 46% gain for the year at its peak and officially...Marketsread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
"Apple is not only going to make money on their own service they're also going to make money selling everybody else's services, and so will Amazon," consultant Michael J. Wolf...Tech Driversread more
CNBC's Jim Cramer calls on investors to be wary of the slew of hyped-up unicorn companies going public this year and encourages the focus to be on deliverable earnings.Investingread more
President Donald Trump signed an executive order Wednesday designed to reform the nation's kidney treatment industry and save the U.S. government millions of dollars, administration officials said.
The executive order will create new payment models to encourage more kidney transplants and give incentives to seek dialysis treatment at home instead of at more expensive treatment centers, Health and Human Services Secretary Alex Azar said on a call with reporters.
The administration is pushing for the development of artificial kidneys and earlier diagnosis of kidney disease. Federal health officials aim to double the number of available kidneys, including artificial, by 2030, Azar said. Under the order, the administration says it will also streamline and expedite the process of kidney matching in order to help increase transplants.
"Today, we're taking groundbreaking action to bring new hope to millions of Americans suffering from Kidney disease," Trump said in a speech in Washington later Wednesday morning. "In a few moments, I'll sign an executive order taking vital steps to increase the supply of kidney available transplants."
About 30 million U.S. adults are estimated to have chronic kidney disease and most are not diagnosed, according to Centers for Disease Control and Prevention. Treating the disease cost Medicare more than $110 billion a year, according to government data.
Shares of DaVita and Fresenius Medical Care, which operate more than 5,000 dialysis clinics in the U.S., fell on early reports of Trump's executive order. The stocks were higher midmorning Wednesday but are still lower for the week.
The executive order comes two days after a federal judge in Washington, D.C., dealt a blow to the Trump administration by striking down a rule that would have forced pharmaceutical companies to disclose the list price of their drugs in television ads.
It also follows Trump's executive order last month that directs the Department of Health and Human Services to require hospitals and insurers to disclose negotiated rates for services, as well as provide patients with out-of-pocket prices before their procedures.
High health-care costs have become a rare bipartisan issue with lawmakers on both sides of the aisle demanding changes. Trump, who is seeking reelection, has made lowering prices for consumers one of the key issues of his administration as health care remains a top subject for voters in the 2020 elections.