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2026-01-30 21:00:00| Fast Company

If youve received any text messages from California-based healthcare giant Kaiser Permanente, you could be eligible for cash under the terms of a new settlement. The Kaiser Foundation Health Plan agreed to pay $10.5 million to settle a class action suit filed in August 2025. That suit alleged that the healthcare company sent marketing texts to people who had already replied stop to opt out of receiving them.  That practice could run afoul of the Telephone Consumer Protection Act (TCPA), a law protecting consumers from aggressive telemarketing and robocalls, and the Florida Telephone Solicitation Act. Jonathan Fried, the plaintiff who brought the suit, lived in the Miami, Florida area at the time. Anyone who opted out of marketing texts but received more than one message from Kaiser within a 12-month period between January 21, 2021 and August 20, 2025 is eligible to be part of the settlement class.  The settlements final approval hearing was held this week, on January 28. Anyone who meets the criteria and files a valid claim can receive $75 for each marketing text Kaiser sent after it acknowledged their request to opt out. If thats you, you can submit a claim form online or through the mail by February 12, the filing deadline. While this one is pretty cut and dry, its not the only settlement Kaiser Permanente has been involved in lately. In mid-January Kaiser agreed to pay out $46 million to settle allegations that its website and app included tracking code that shared patient health and personal data with third parties. Earlier this month, Kaiser also agreed to pay $556 million in a settlement agreement with the Department of Justice over allegations that it fraudulently billed the government for conditions that patients didnt have. Kaiser provides health insurance and care for 12.6 million people across the country.   More than half of our nations Medicare beneficiaries are enrolled in Medicare Advantage plans, and the government expects those who participate in the program to provide truthful and accurate information, Justice Departments Civil Division Assistant Attorney General Brett Shumate said of the settlement. The Justice Department accused the health provider of bringing in around $1 billion between 2009 and 2018 by adding on diagnoses to Medicare Advantage patients charts. In a press release issued earlier this month, Kaiser emphasized that the settlement does not amount to an admission of wrongdoing or liability and was chosen to avoid a longer litigation process.  Multiple major health plans have faced similar government scrutiny over Medicare Advantage risk adjustment standards and practices, reflecting industrywide challenges in applying these requirements, the healthcare consortium wrote.


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2026-01-30 20:33:21| Fast Company

The Farmers’ Almanac isn’t going out of business after all, but it is leaving Maine for the bright lights of New York City and a new owner. Beloved by farmers and gardeners, the almanac was first printed in 1818 and like the arguably more famous Old Farmers Almanac relies on a secret formula of sunspots, planetary positions, and lunar cycles to generate long-range weather forecasts. It’s been acquired by Unofficial Networks, a digital publisher focused on skiing and outdoor recreation. That means the almanac will keep operating despite announcing in November that its 208-year run was coming to an end. A new Farmers Almanac website will be a living, breathing publication with fresh, daily content and there are plans to bring back a print edition, said Tim Konrad, founder and publisher of New York-based Unofficial Networks. I saw the announcement that one of Americas most enduring publications was set to close, Konrad said, and it felt wrong to stand by while an irreplaceable piece of our national heritage disappeared. The deal will prioritize preserving and sustaining the iconic publication, according to a statement from Unofficial Networks and Peter Geiger, the almanac’s longtime publisher. The Farmers Almanac was founded in New Jersey before moving its headquarters to Lewiston, Maine, in 1955. The Old Farmers Almanac is based in New Hampshire. Over the years, scientists have sometimes chafed at the publications’ predictions. Studies of their accuracy have found them to be a little more than 50% accurate. That is about on par with random chance. But Geiger, whose family had the Farmers’ Almanac for more than 90 years, said they’re going out a winner by having predicted a cold and snowy 2026. For more than 200 years, the values and wisdom of the Farmers Almanac have been protected and nurtured by four owner-publishers,” Geiger said. “I am grateful to have found the right next custodian in Tim Konrad. I am also confident he will honor its heritage and carry it forward for generations to come. Unofficial Networks was started in 2006 by Konrad and his brother John in a California basement, according to the company’s website. Patrick Whittle, Associated Press


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2026-01-30 20:12:30| Fast Company

Financial markets are churning on Friday as investors try to figure out what President Donald Trumps new nominee to lead the Federal Reserve will mean for interest rates. The initial reactions were uneasy because of the uncertainty. U.S. stocks fell, with the S&P 500 down 0.8% in midday trading. The Dow Jones Industrial Average was down 507 points, or 1%, as of 1 p.m. Eastern time, and the Nasdaq composite was 1% lower. The value of the U.S. dollar, meanwhile, climbed but only after swiveling a couple of times following Trumps nomination of Kevin Warsh. And some of the wildest action was again in precious metals markets, where the price of gold screeched lower following its stellar run over the last year. Whoever leads the Fed has a big influence on the economy and markets worldwide by helping to dictate where the U.S. central bank moves interest rates. Such decisions lift or weigh on prices for all kinds of investments, as the Fed tries to keep the U.S. job market humming without letting inflation get out of control. Trump has been pushing for lower interest rates, which usually help goose the economy but can also cause higher inflation. A fear in financial markets has been that the Fed will lose some of its independence because of Trump. That fear in turn helped catapult the price of gold and weaken the U.S. dollars value over the last year. The longtime assumption has been that the Fed can operate separately from the rest of Washington so that it can make decisions that are painful in the short term but necessary for the long term. To get inflation down to the Fed’s goal of 2%, for example, may require the unpopular choice to keep interest rates high and grind down on the economy for a while. The big question is what Warsh’s nomination, which still requires approval from the Senate, means for the Fed’s independence. Warsh used to be a governor on the Feds board, so investors are familiar with him. That could also mean Warsh is familiar with and hopes to continue the institution of the Fed as an independent operator. And while with the Fed, Warsh criticized the central bank’s buying of bonds to keep interest rates low. Some on Wall Street took Warsh’s nomination as an encouraging signal for a still-independent Fed that will keep rates high, if necessary. But Warsh has also recently been critical of the Feds current chair, Jerome Powell, and has voiced support for lower rates. Indeed, Warsh is not the Feds guy, he is Trumps guy, and has shadowed Trump on monetary policy almost every step of the way since 2009, according to Thierry Wizman, a strategist at Macquarie Group. This doesnt necessarily mean that Warsh will push the Fed into rate cuts soon, but it could indicate he may be quicker to do so when the time comes. On Wall Street, stocks of metals miners tumbled as the price of gold dropped 8.9% to $4,878.80 per ounce. Gold’s price has suddenly run out of momentum following a tremendous rally where it roughly doubled over 12 months. It topped $5,000 for the first time on Monday and got near $5,600 on Thursday. Silver, which has been on a similar, jaw-dropping tear, fell even more. It plunged 23.5%. Prices for gold and other precious metals had been surging as investors looked for safer places for their money while weighing a wide range of risks, including a potentially less independent Fed, a U.S. stock market that critics say is expensive, political instability, threats of tariffs and heavy debt loads for governments worldwide. The dramatic halt in momentum may have been inevitable given how far and how fast metal prices had surged over the last year. Nothing goes up in price forever. Friday’s drops for metals prices helped send the stock of miner Newmont down 10.9%. Freeport-McMoRan, another miner, dropped 8.4%. Apple was the heaviest weight on the S&P 500 after sinking 1.4%, even though the iPhone maker reported a stronger profit for the latest quarter than analysts expected. Helping to limit the market’s losses was Tesla, which rose 4.3%. It bounced back after dropping on Thursday despite delivering better profit reports for the latest quarter than analysts expected. In the bond market, the yield on the 10-year Treasury held at 4.24%, where it was late Thursday. It got near 4.28% in the overnight and early-morning hours before falling back. A rise in a bond’s yield indicates that its price is weakening. Yields may have felt some upward pressure from a report released Friday showing U.S. inflation at the wholesale level was hotter last month than economists expected. That could put pressure on the Fed to keep interest rates steady for a while instead of cutting them, as it did late last year. In stock markets abroad, indexes rose in much of Europe following a mixed performance in Asia. Stocks rose 1.2% in Jakarta after the CEO of Indonesias stock market, Imam Rachman, resigned Friday. Stocks had stumbled there in prior days after MSCI, an influential company in the investment industry that creates stock and other indexes, warned about market risks such as a lack of transparency. Stan Choe, AP business writer AP Business Writers Matt Ott and Elaine Kurtenbach contributed.


Category: E-Commerce

 

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