Sales of sugary drinks fell in five U.S. cities, after they implemented taxes targeting those drinks. On average, prices for sugar-sweetened drinks went up by 33.1% and total expenditure went down by 33%. Expenditure on sugary drinks outside of these cities increased.—npr.org
Tag: Elasticity
Tesla Deliveries Rose 83% in the Latest Quarter
Tesla’s global deliveries surged 83% in the second quarter. The long-range Model Y now starts at $50,490, compared with $65,990 in early January.—wsj.com
Man’s Best Friend Meets Shoppers’ Worst Enemy: Pet Food Inflation
Americans paid 15% more for pet food in February than they did a year ago. In 2022, more than 110 million U.S. households spent an average of $680 on pet products—an 11% rise over 2021.—usatoday.com
Novo Nordisk Will Cut Some U.S. Insulin Prices By Up To 75% Starting Next Year
Novo Nordisk will slash insulin prices next year, following a path set by rival Eli Lilly. Patients have long called for insulin price cuts. High insulin prices force many people to ration doses, which can be dangerous for their health. Insulin prices have more than tripled in the last two decades. —npr.org