Wednesday, July 1
Sign in

Business

An Ozempic (semaglutide) injection pen (illustrative)
Business 2 d

Medicare will cover weight-loss drugs for the first time, from July 1

  • In a notable reversal of long-standing policy, Medicare will begin helping older Americans pay for the blockbuster weight-loss drugs known as GLP-1s, starting July 1 — opening access, for a price, to medicines that have been out of reach for many on the program.

In brief

In brief

Cranes and stacked containers at a container terminal
Business 4 d

China's factory profits stay strong, but a lopsided economy shows through

  • Profits at China's major industrial firms rose 21.1% in May from a year earlier, official data showed, extending a double-digit run that underscores how heavily the world's second-largest economy now leans on factories and exports — even as weak consumer demand and falling retail prices reveal the limits of that model.

In brief

In brief

In brief

Business news — markets, jobs and the economy

The Business section brings together the latest business and economic news from around the world: the stock markets and your investments, company news and earnings, jobs, housing, interest rates, inflation and the bigger turns in the economy. We keep you up to speed on what hits your wallet and the wider economy.

We explain the economy in plain language, so you understand what is behind the numbers and how decisions by central banks, governments and companies show up in everyday life — in mortgage rates, the price of groceries and the outlook for your line of work.

The economy ties into the bigger picture — follow also world news, technology and politics coverage.