Business

Monday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Monday’s business headlines.

Eli Lilly

Eli Lilly’s new “authorized generic” of its pricey Humalog insulin, called Lispro, is excluded from the 2019 national list of covered drugs from pharmacy benefit manager express scripts.

Axios reports even though it is cheaper for people paying cash out of pocket, and the pharmacy benefit managers have little incentive to cover the drug if a rebate doesn’t exist or is tiny.

Eli Lilly said it would lower the price of its insulin drug after criticism about its cost.

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Teen credit card

Teen credit card use is on the rise.

Six million US parents say they have a child under 18 with a credit card, according to a CreditCards.com recent report.

Moreover, some 21% of the parents surveyed by CreditCards.com said their kids have used their plastic without permission, including 13% who said it happened multiple times.

Amazon

Amazon Warehouse workers aren’t sure they can handle the work that one-day shipping will require.

The company last week said it would spend $800 million this spring to provide one-day deliveries to Prime members.

Workers say they are already struggling to keep pace with 200 and 300 packages an hour.

Boeing

Boeing didn’t tell Southwest and other carriers when they began flying its 737 Max jets that a safety feature found on earlier models that warns pilots about malfunctioning sensors had been deactivated, according to government and industry officials.

They and most other airlines operating the Max learned about it only after the Lion Air crash in October to the scrutiny of the plane’s revised design.

Southwest says its own pilot manuals were wrong about the feature.

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