Ben Popken
Ben Popken
NBCNEWS Senior Business Reporter. I built up http://Consumerist.com. Eyes on economy struggles. Get my stories by email or RSS: http://authory.com/benpopkenSource
Brooklyn, New York
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28 million Americans see spike in prescription drug prices

28 million Americans see spike in prescription drug prices

At least 28 million Americans have experienced a spike in the cost of their prescription medications in the past 12 months. And for 4 million of them, the price was so high they walked away without their prescription altogether, according to a new Consumer Reports survey. “We are nearing a crisis point with what Americans can afford for medication, and it's scary," concluded Consumer Reports. "And honestly, as far as we can tell, there are no brakes on it right now. Congress may have a few things up its sleeve, but we're still waiting,” Follow this story to get email or text alerts from...

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June 14, 2017
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Chick-fil-A sues chicken producers, alleging price fixing on billions of dollars of poultry

Chick-fil-A sues chicken producers, alleging price fixing on billions of dollars of poultry

Dec. 8, 2020, 12:26 AM UTCUpdated Dec. 8, 2020, 12:32 AM UTCBy Ben PopkenThe fast-food chain Chick-fil-A is suing a string of high-profile chicken suppliers, accusing them of illegally coordinating with one another to keep prices artificially high on billions of dollars of poultry.The suit names 17 defendants, including Tyson Foods, Perdue Farms, Pilgrim's Pride and Sanderson Farms.For Chick-fil-A, the country's largest chicken fast-food restaurant chain by sales volume, to join means in essence that "the retail side of the chicken industry is at war with the producers," said Christopher...

Dec 8
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Release of PPP loan recipients reveals troubling patterns

Release of PPP loan recipients reveals troubling patterns

Dec. 2, 2020, 5:38 AM UTCBy Ben Popken and Andrew W. LehrenFollowing months of litigation between the Small Business Administration and news organizations seeking data about who benefited from pandemic relief programs, the agency on Tuesday night released a sweeping dataset of every small business that received a Paycheck Protection Program (PPP) or Economic Injury Disaster (EIDL) loan.The data reveals the most complete accounting to date of the more than $700 billion in forgivable loans Congress and the Trump Administration introduced in the spring for allowable expenses, including...

December 2, 2020
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Regeneron board member and executive sell $1 million in stock after Trump touts treatment

Regeneron board member and executive sell $1 million in stock after Trump touts treatment

SectionsTVFeatured Follow NBC News More from NBC© 2020 NBCNEWS.COMOct. 9, 2020, 8:31 PM EDTBy Ben PopkenA Regeneron executive and one of its directors sold $1 million worth of stocks two days after President Donald Trump announced he was taking their therapeutic, recent filings from the Securities and Exchange Commission reveal.Last Friday night, the White House announced that as part of Trump's treatment for coronavirus, he had received Regeneron’s experimental antibody cocktail that has not passed formal trials or been approved by the Food and Drug Administration.One day later, the...

October 10, 2020
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Trump brands could eye the exit after Capitol riot

Trump brands could eye the exit after Capitol riot

IE 11 is not supported. For an optimal experience visit our site on another browser.Jan. 11, 2021, 9:43 PM UTCUpdated Jan. 11, 2021, 10:03 PM UTCBy Ben PopkenFrom country clubs to entertainment shows, President Donald Trump's business empire could face heavy pressure after his involvement in last week's violence at the U.S. Capitol.While consumer mass-market merchandise deals for Trump ties and steaks, as well as his daughter Ivanka's clothing line, largely evaporated years ago, Trump still holds millions of dollars' worth of real estate development and name licensing deals.The New York...

Jan 11
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Trump says U.S. economic recovery is faster than any other country's — but China has roared ahead

Trump says U.S. economic recovery is faster than any other country's — but China has roared ahead

Oct. 7, 2020, 2:15 AM UTCBy Ben PopkenThe U.S. is "leading the world in economic recovery," President Donald Trump , a declaration that economists were swift to rebuff."It is tenuous, at best," Nick Mazing, director of research at the data provider Sentieo, said in an email.Several measures of economic recovery show that the U.S. has fallen behind China and several other major countries during the global coronavirus pandemic.With a national unemployment rate of 7.9 percent, the U.S. is faring slightly worse than most other developed countries, whose jobless rate averages 7.4 percent,...

October 7, 2020
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Apple just became the first U.S. company worth $2 trillion

Apple just became the first U.S. company worth $2 trillion

SectionsTVFeatured Follow NBC News More from NBC© 2020 NBCNEWS.COMAug. 19, 2020, 10:57 AM EDTUpdated Aug. 19, 2020, 11:03 AM EDTBy Ben PopkenApple just crossed the $2 trillion market capitalization mark, becoming only the second company ever to do so.From a garage in Los Altos, California to the most profitable company in the world with its devices, services and ethos interwoven into much of modern daily life, the high-flying valuation sets it apart from its nearest tech competitors. Amazon and Microsoft boast market capitalizations of about $1.5 trillion each. Google’s is just north of $1...

August 19, 2020
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Here are some of the billionaires who got PPP loans while small businesses went bankrupt

Here are some of the billionaires who got PPP loans while small businesses went bankrupt

The fine art studio for millionaire sculptor Jeff Koons, known for creating metal balloon animals that fetch tens of millions of dollars at auction, received a loan. Billionaire property developer Joe Farrell, a prominent Republican fundraiser, received up to $1 million in taxpayer coronavirus relief funds, according to federal data released Monday. Other players in the world of celebrity and influence who took advantage of loans under the Paycheck Protection Program, or PPP, to help struggling small businesses hurt by coronavirus shutdowns included Kanye West's $3 billion clothing and...

July 7, 2020
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Regeneron board member and executive sell $1 million in stock after Trump touts treatment

Regeneron board member and executive sell $1 million in stock after Trump touts treatment

Oct. 10, 2020, 12:31 AM UTCBy Ben PopkenA Regeneron executive and one of its directors sold $1 million worth of stocks two days after President Donald Trump announced he was taking their therapeutic, recent filings from the Securities and Exchange Commission reveal.Last Friday night, the White House announced that as part of Trump's treatment for coronavirus, he had received Regeneron’s experimental antibody cocktail that has not passed formal trials or been approved by the Food and Drug Administration.One day later, the president about his treatment at Walter Reed National Military Medical...

October 10, 2020
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