Business
$2.45M

Pfizer and other pharmaceutical companies paid up to $2.45 million for a contract with an unnamed telehealth company, according to a report released by a group of senators probing those dealings.

The report offers a unique look inside the relationships between drugmakers and direct-to-consumer telehealth platforms. The lawmakers that produced the report, led by Sen. Dick Durbin, said that a drugmaker connecting a patient with a doctor for the purpose of prescribing them a name-brand drug could lead to overprescribing as well as higher prices for patients.

The investigation did find that patients seen by telehealth platforms that partner with Eli Lilly and Pfizer were significantly more likely to be prescribed those drugmaker’s treatments. Drugmakers pay the telehealth platforms for three-year contracts at a set price; the agreements sometimes provide the drugmaker access to patient and doctor information.

Eli Lilly’s three contract payments to its telehealth partners total $942,500, and the company also gave kickbacks to doctors working at its telehealth partners Form Health and 9amHealth, the report found.

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Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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