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Pentagon hunting for other instances of price gouging in wake of damning spare parts audit [Podcast] | Federal News Network

Pentagon hunting for other instances of price gouging in wake of damning spare parts audit [Podcast] | Federal News Network

The Defense Department said it is implementing a series of steps meant to detect and deter price gauging by its contractors. It’s responding, in part, to an investigation that found one of its largest spare parts suppliers routinely overcharged the military, often by four-digit margins.For starters, DoD has ordered the top officials within each of […]

No more gas price gouging says Windsor MP | Blackburn News

No more gas price gouging says Windsor MP | Blackburn News

The MP for Windsor West is demanding more protection for consumers who are being gouged at the gas pump. Brian Masse wants the federal government to restore the Gas Price Monitoring Agency and brought up the issue during Question Period in Ottawa Thursday afternoon. “Mr. Speaker, with gas prices soaring once again nothing protects Canadians from […]

Drug Prices In TV Ads: How Transparent Are They? | Forbes

Drug Prices In TV Ads: How Transparent Are They? | Forbes

A website launched by pharmaceutical giant Eli Lilly earlier this year leads with a daunting statement about the price of its diabetes drug Trulicity: “Drug prices can be confusing,” it says. That’s for sure, and thanks to a new mandate from the Trump administration, consumers could find themselves even more confused. The U.S. Centers for […]

How much do you end up saving on a low-cost airline? | Marketplace

How much do you end up saving on a low-cost airline? | Marketplace

Seat selection. Boarding times. Carry-on bags. Checked bags. Figuring out the best airline tickets to buy can be a headache. Low-cost airlines — think Southwest or Spirit or Frontier — have given travelers the opportunity to fly at discounted prices, but it’s also increased the number of factors you have to consider. Like whether those […]

Texas Moves to Bring Clarity to Drug Pricing | Public News Service

Texas Moves to Bring Clarity to Drug Pricing | Public News Service

Will more transparency about drug pricing help drive down costs for Texas consumers, or add expenses for the drug companies that have to comply? (Gang/Adobe Stock) AUSTIN, Texas – Texas lawmakers are showing overwhelming support so far for legislation that AARP says would be one of the strongest drug-price transparency measures in the country. House […]

Will the Bay Bridge’s surge pricing come to other bridges? | The Mercury News

Will the Bay Bridge’s surge pricing come to other bridges? | The Mercury News

Q: Has any other area had luck in managing traffic with surge pricing for bridge tolls? The San Mateo Bridge is super congested between 7 a.m. and 8 a.m.  Perhaps a discounted rate for crossing before 6 a.m. might help manage traffic patterns. I hope I don’t have to get going that early on my […]

D.C. Council: No more free rides on Circulator | The Washington Post

D.C. Council: No more free rides on Circulator | The Washington Post

Enjoy those free Circulator rides while you can. The D.C. Council on Tuesday cut Mayor Muriel E. Bowser’s request for $3.1 million from the fiscal 2020 budget, killing the mayor’s plan to keep Circulator rides free indefinitely. While the free-ride funding was eliminated from the $15.5 billion spending plan, the budget does include money for […]

The Price of Price Controls: Innovation Likely to Suffer in Drug Pricing Debate | IPWatchDog

The Price of Price Controls: Innovation Likely to Suffer in Drug Pricing Debate | IPWatchDog

The Cost of Cheap The reason drugs are cheaper in other countries is because those other countries have price controls. If pharmaceutical companies want to sell into those countries, they have to charge those low prices. And if the required low price is set above the marginal cost to produce the drug, then the pharmaceutical […]

Better Business Bureau Warns Northern Michigan of Phony Products | 9 & 10 News

Better Business Bureau Warns Northern Michigan of Phony Products | 9 & 10 News

The seller collected money but never made deliveries, or delivered poor quality products weeks or months late. The Better Business Bureau says counterfeiting costs the U.S. economy between $200 and $250 billion a year. “These counterfeiters are doing a better job of pricing their products at a discount that’s big enough that you want to […]

The Competition Bureau is Wide Awake: Hudson’s Bay Company to Pay $4.5 Million for Deceptive Advertising and Pricing Practices of its Sleep Sets | Lexology

The Competition Bureau is Wide Awake: Hudson’s Bay Company to Pay $4.5 Million for Deceptive Advertising and Pricing Practices of its Sleep Sets | Lexology

Hudson’s Bay Company has agreed to pay an administrative monetary penalty of $4,000,000 and $500,000 towards Competition Bureau costs to resolve a proceeding which started in 2017 relating to Hudson’s Bay Company advertising and pricing practices for its sleep sets The Competition Bureau (“Bureau”) initially took legal action against Hudson’s Bay Company (“HBC”) in 2017, […]