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The changes come as the wider retail-pharmacy market has been upended in recent years.
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Shares of Coca-Cola have risen roughly 22% over the last year, raising its market value up to about $335 billion.
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Kroger's stock rallies after the grocer named Greg Foran, the former leader of Walmart U.S. as its new CEO after a nearly yearlong search.
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LGBTQ representation dropped for the second year in a row.
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Investors will get twin reports this week on employment and consumer prices. They'll help set the stage for when the Fed cuts interest rates this year — if it reduces them at all.
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Ads pitching artificial intelligence companies dominated the Super Bowl broadcast. Their huge cost probably didn't ease investor worries about spending.
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There's no way to sugarcoat this: Small and midsize businesses should be scared to death about the consequences of the Inflation Reduction Act. Unless they provide goods and services to the green energy industry, the law's unforeseen consequences could increase their operating expenses in two ways. Here's what to expect — and how to prepare.
SEE MORE Audit-Proof Your Small Business
The Inflation Reduction Act is essentially a climate change law with some health care benefits. While the new legislation doesn't include any direct tax increases on small and midsize businesses, some of its provisions have the potential to raise costs for these companies significantly.
First Reason Why Cost of Business Could Be Going Up
For one, your chances of being audited may be going up. The new bill substantially expands the Internal Revenue Service's budget: More than half of the $80 billion increase in the IRS budget over 10 years will be used to beef up enforcement through new technology and new hires. That means more audits for companies that are the least able to financially manage them. I worry for businesses that gross $5 million or less since they usually don't have excess funds to pay a lawyer $50,000 to fight the IRS if their matter proceeds to court.
In a letter to the Senate, the agency's commissioner said, "These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans." Even so, with the hire of new auditors, it's likely that people with little or
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