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AM Business Notebook

>>Eli Lilly Announces Insulin Price Cuts

(Indianapolis, IN) -- Eli Lilly is announcing 70-percent price cuts on its most commonly prescribed insulin. The move comes as Eli Lilly and other insulin makers face ongoing criticism about high prices driving some diabetics to ration the life-saving drug. Starting in October, the price of a Humalog 100 units vial will be slashed to 66-dollars, down from 274. Lilly also says starting in May, it'll cap out-of-pocket insulin costs at 35-dollars a month for people with insurance. Eli Lilly and two foreign pharmaceutical companies Novo Nordisk and Sanofi control the insulin market.


>>Delta Pilots Approve New Contract With Big Raises

(Atlanta, GA) -- Delta Air Lines pilots have approved a new contract with 34-percent raises. The pilot's union says it was approved with 78-percent support and it makes the Atlanta-based airline the first of the country's largest carriers to finalize a labor agreement. United, American and Southwest are still negotiating as pilots seek higher pay and better working conditions. This comes as the industry continues to face shortages of qualified pilots and strong travel demand post-pandemic.


>>Americans Lost $8.8B To Scams

(Washington, DC) -- A new report says Americans lost a record-breaking eight-point-eight billion dollars to scams last year. New data from the Federal Trade Commission shows reported fraud losses increased more than 30-percent in 2022 from the year prior, despite the number of fraud reports decreasing. Investment scams cost Americans the most, at nearly four-billion. That's more than double the one-point-eight billion reported in 2021.


>>Tesla Factory Coming To Mexico

(Monterrey, MX) -- Elon Musk is striking a deal with the president of Mexico to build a Tesla factory in Monterrey. That's about two hours south of the Texas border. It could be a key part of Musk's plan to sell an all-electric car for 25-thousand dollars. Labor costs are lower in Mexico. To land the deal, Musk is promising to use recycled water at the factory. The northern part of Mexico has been dealing with severe drought.

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