The Daily Money: Is Meta going MAGA?
Good morning! It’s Daniel de Visé with your Daily Money.
Is Meta going MAGA?
Two weeks ahead of the inauguration, Meta CEO Mark Zuckerberg has named Donald Trump ally and Ultimate Fighting Championship boss Dana White to its board of directors.
Zuckerberg also pulled a page from Trump ally Elon Musk, turning over content moderation to users and loosening restrictions on hate speech on his company's social media platforms, including Facebook, Instagram and Threads.
Are these moves a nod to free expression, or a political maneuver? (Or both?)
Medicare's priciest drugs
Popular diabetes medications such as Ozempic and Trulicity are among 25 drugs Medicare has spent the most on but hasn't yet selected for price negotiation, Ken Alltucker reports.
A report from AARP Public Policy Institute said average list prices on the 25 drugs have nearly doubled since they hit the market and collectively cost Medicare ‒ and therefore American taxpayers ‒ nearly $50 billion in 2022.
Here's how prescription drug prices affect older Americans.
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What's going on with the price of eggs?
More specifically, have you recently entered your local grocery store on the hunt for eggs, only to find they're noticeably more expensive − if you can find them at all?
It's not just your local shop. Egg prices have increased nationwide by around 38% in the last year, bringing the average cost of one dozen up to $3.65 in November, Mary Walrath-Holdridge reports.
Here's why.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.