Business
$2.45M
J. Edward Moreno

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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JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

JetBlue Airways raises bag fees as fuel prices soar

JetBlue Airways raises bag fees as fuel prices soar

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

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