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Dynamic pricing fuels debate on pros and cons | The New Indian Express

Dynamic pricing fuels debate on pros and cons | The New Indian Express

In addition, there is another major challenge faced by the bunk owners. At present, there are around 4650 fuel stations in the State, of which a majority are not  automated.  Without automation, fuel stocks cannot be properly monitored, and prices can not be changed daily at 6 am. This then requires extra human resource, familiar […]

Trump’s new policy to tackle sky-high drug prices makes sense — sort of | Vox

Trump’s new policy to tackle sky-high drug prices makes sense — sort of | Vox

Today, the Trump administration revealed its most comprehensive policy direction on tackling the problem of prescription drug prices — in a brief blog post by the Food and Drug Administration chief Scott Gottlieb. Gottlieb outlined the administration’s “Drug Competition Action Plan,” which will focus on increasing the competition among cheaper (off patent) generic drugs. “Innovation […]

Daily revision of petrol, diesel prices: Here’s how India will gain | The Financial Express

Daily revision of petrol, diesel prices: Here’s how India will gain | The Financial Express

Starting June 16, 2017, the prices of transport fuels, i.e. petrol and diesel, are subject to a daily revision across the country—at almost 58,000 petrol pumps—in sync with international oil prices. With this, we have joined the select club of developed countries such as the US, Japan, Australia, Germany and Russia. It means the state […]

Insurers now pricing more accurately, thanks to IoT | Insurance Business

Insurers now pricing more accurately, thanks to IoT | Insurance Business

Thanks to technologies related to the Internet of Things (IoT), assumptions and bases for pricing are now changing. “As new IoT technologies increasingly move into the mainstream, insurers are able to collect and analyse data to more accurately price premiums, helping them to protect the assets they insure and enabling more efficient assessment of damages […]

‘Exorbitant pricing’ of Quantum at centre of taxi strike | Fin24

‘Exorbitant pricing’ of Quantum at centre of taxi strike | Fin24

Last week Thursday Santaco threatened to shut down the whole country if the highly used Toyota Quantum manufacturer did not respond to their demands within seven days. A week later they pulled the trigger. When it was introduced, it was at a fully imported price of R220 000. It is now produced locally at a price […]

Nevada forces drugmakers to reveal insulin pricing, profits | Las Vegas Sun Newspaper

Nevada forces drugmakers to reveal insulin pricing, profits | Las Vegas Sun Newspaper

After a long road to passage, Senate Bill 539, which creates transparency in prescription drugs used to treat diabetes, was signed into law by Gov. Brian Sandoval on Thursday. Sandoval vetoed the original bill, in what he called a difficult decision, because of a clause that would have mandated drug makers to provide public notice […]

Trump Administration Prepares a Drug Pricing Executive Order, Sources Say | Bloomberg

Trump Administration Prepares a Drug Pricing Executive Order, Sources Say | Bloomberg

Top health and budget officials in the administration will meet Friday to discuss the issue, according to the people, who asked not to be identified because the session is private. Trump sought recommendations from the nation’s health agencies on reducing medication costs, Health and Human Services Secretary Tom Price told senators last week. One policy […]

Nevada passes insulin drug pricing transparency bill | Business Insider

Nevada passes insulin drug pricing transparency bill | Business Insider

Nevada is one of 23 states with proposed legislation to take on the rising cost of prescription drugs. But unlike others that focus on drug prices in a general sense, the hybrid bill focuses on two specific groups of drugs that are used to treat diabetes: insulin and biguanides. It’s the latest milestone in government actions at the […]

The Only Lesson You Really Need to Learn About Pricing | Inc.com

The Only Lesson You Really Need to Learn About Pricing | Inc.com

My contract wasn’t a fixed period; it was just a simple time and materials contract. Although I thought I had done a good thing by increasing my charge rate by 25 percent, from $800 to $1000, I had completely undervalued the service that I had provided. If I had received just 1 percent of the […]

Price War: Retail’s Latest Self-Destructive Addiction | Retail Touch Points

Price War: Retail’s Latest Self-Destructive Addiction | Retail Touch Points

Because the pricing lever is so easy to pull and generates quick results for investors, retailers are often tempted to make quick, gut decisions to generate foot traffic with low prices. But this addiction is unstainable and not an isolated incident. Major companies are buckling down for bigger investments on price in the absence of […]