Space

Report of Newly-Discovered Asteroid Turns Out to Be... a Tesla Roadster (usatoday.com) 99

Founded in 1947, the Minor Planet Center is the official worldwide authority "for observing and reporting new asteroids, comets and other small bodies in the solar system," reports USA Today.

Unfortunately, "What an amateur astronomer recently took to be a newly discovered asteroid turned out to be a Tesla Roadster," The Minor Planet Center didn't initially consider the possibility when the organization announced the discovery on Jan. 2 of the unusual asteroid, complete with an official name: 2018 CN41. But less than 17 hours later, the Minor Planet Center issued an editorial notice that it would be deleting 2018 CN41 from its records... According to the Minor Planet Center's notice regarding the deletion, turns out the object was the Roadster, along with the Falcon Heavy rocket's upper stage.
Power

Heat Pumps Are Now Outselling Gas Furnaces In America (cleantechnica.com) 155

CleanTechnicareports that last year Americans "bought 37% more air source heat pumps than the next most popular heating appliance — gas furnaces."

And Americans bought 21% more heat pumps than they did in 2023. Canary Media is quick to point out that in many homes, more than one heat pump is required, so that data should be interpreted with that in mind. Typically, a home uses only one furnace. Nevertheless, the trend for heat pumps is up. Russell Unger, the head of decarbonizing buildings at RMI, said, "There's just been this long term, consistent trend."

It's easy to understand why heat pumps are gaining in popularity. In addition to providing heated air in the winter and cool air in the summer, they are far more efficient than conventional heat sources — delivering three to four times more heat per dollar spent than oil- or gas-fired heating equipment or old fashioned electric baseboard heat. They also create far less carbon pollution. How much less depends on the source of electricity in the local area,

Thanks to long-time Slashdot reader AmiMoJo for sharing the news.
United States

America Lags on Renewable Energy. Blame Regulations and Grid Connection Issues (msn.com) 127

"For years, renewable energy proponents have hoped to build a U.S. electric grid powered by wind, solar, geothermal and — to a lesser extent — nuclear power..." writes the Washington Post. In America's power markets "the economics of clean energy are strong," with renewable energy cheaper than fossil fuel plants in many jurisdictions.

But the Post spoke to the "electricity modeling" director at nonpartisan clean energy think tank Energy Innovation, who offered this assessment. "The technology is ready, and the financial services are ready — but the question nobody really put enough thought into was, could the government keep up? And at the moment, the answer is no." [R]enewable developers say that the new technologies are stymied by complicated local and federal regulations, a long wait to connect to the electricity grid, and community opposition... "The U.S. offshore wind business is at a very nascent stage versus Europe or China," Rob Barnett, a senior analyst at Bloomberg Intelligence, said in an email. "With the new permitting pause, it's doubtful much progress for this emerging industry will be made...." After the Inflation Reduction Act passed, Rhodium Group — an independent clean energy research firm — estimated that between 2023 and 2025, on average, the country would add between 36 and 46 gigawatts of clean electricity to the grid every year. Late last year, however, the group found that the country only installed around 27 gigawatts in 2023. The U.S.'s renewable growth is now expected to fall on the low end of that range — or miss it entirely.

"It actually is really hard to build a lot of this stuff fast," said Trevor Houser, partner in climate and energy at Rhodium Group. As a result, Rhodium found, the country only cut carbon emissions by 0.2 percent in 2024... A significant amount of this lag has come from wind power, where problems with supply chains and getting permits and approval to build has put a damper on development. But solar construction is also on the low end of what experts were expecting...

Developers point to lags in the interconnection queue — a system that gives new solar, wind or fossil fuel projects permission to connect to the larger electricity grid. According to a report from Lawrence Berkeley National Laboratory, it can now take nearly 3 years for a project to get through the queue. The grid operator that covers the Mid-Atlantic and parts of the Midwest, PJM, had over 3,300 projects in its queue at the end of 2023. The vast majority of these applications are for renewables — more than the entire number of active wind farms in the nation... There are possible solutions. Some developers hope to reuse old fossil fuel sites, like coal plants, that are already connected to the grid — bypassing the long queue entirely. The Federal Energy Regulatory Commission has instated new rules to make it easier to build transmission lines.

Part of the problem is that wind and solar facilities "sometimes need to be built hundreds or even thousands of miles away" — requiring long transmission lines. Sandhya Ganapathy, CEO of EDP Renewables North America, tells the Post that in America, "The grid that we have was never designed to handle this kind of load." And yet last year just 255 miles of new transmission line were built in the U.S., according to the American Clean Power Association. And Ganapathy also complains that approval for a new renewable energy project takes "anywhere between six to eight years" — which makes developers hesitant to build. "Why are we taking a big risk of a massive investment if I will not be able to sell the electrons?"

The end result? The Washington Post writes that "Experts once hoped that by the end of the decade the United States could generate up to 80 percent of its power with clean power... Now, some wonder if the country will be able to reach even 60 percent."
Transportation

US Reviewing Automatic Emergency Braking Rule (reuters.com) 178

An anonymous reader quotes a report from Reuters: A U.S. auto safety agency said on Friday it is reconsidering a landmark rule from the administration of former President Joe Biden requiring nearly all new cars and trucks by 2029 to have advanced automatic emergency braking systems. The National Highway Traffic Safety Administration said it would delay the effective date to March 20 to give the new Trump administration time to further review the regulation.

The Alliance for Automotive Innovation, representing General Motors, Toyota Motor, Volkswagen and other automakers, last week filed suit to block the rule, saying the regulation is "practically impossible with available technology." The group asked the U.S. Court of Appeals for the District of Columbia to overturn the rule, saying the requirement that cars and trucks must be able to stop and avoid striking vehicles in front of them at up to 62 miles per hour (100 kph) is unrealistic. It unsuccessfully asked NHTSA last year to reconsider the rule.
Come 2029, all cars sold in the U.S. "must be able to stop and avoid contact with a vehicle in front of them at speeds up to 62 mph," reports Car and Driver."

"Additionally, the system must be able to detect pedestrians in both daylight and darkness. As a final parameter, the federal standard will require the system to apply the brakes automatically up to 90 mph when a collision is imminent, and up to 45 mph when a pedestrian is detected."

According to the NHTSA, the rule will save at least 360 lives annually and prevent more than 24,000 injuries.
Privacy

UnitedHealth Data Breach Hits 190 Million Americans in Worst Healthcare Hack (techcrunch.com) 27

Nearly 190 million Americans were affected by February's cyberattack on UnitedHealth's Change Healthcare unit, almost double initial estimates, the company disclosed Friday. The breach, the largest in U.S. medical history, exposed sensitive data including Social Security numbers, medical records, and financial information.

UnitedHealth said it has not detected misuse of the stolen data or found medical databases among compromised files. Change Healthcare, a major U.S. healthcare claims processor, paid multiple ransoms after Russian-speaking hackers known as ALPHV breached its systems using stolen credentials lacking multi-factor authentication, according to CEO Andrew Witty's testimony to Congress.
Security

FBI: North Korean IT Workers Steal Source Code To Extort Employers (bleepingcomputer.com) 27

The FBI warned this week that North Korean IT workers are abusing their access to steal source code and extort U.S. companies that have been tricked into hiring them. From a report: The security service alerted public and private sector organizations in the United States and worldwide that North Korea's IT army will facilitate cyber-criminal activities and demand ransoms not to leak online exfiltrated sensitive data stolen from their employers' networks. "North Korean IT workers have copied company code repositories, such as GitHub, to their own user profiles and personal cloud accounts. While not uncommon among software developers, this activity represents a large-scale risk of theft of company code," the FBI said.

"North Korean IT workers could attempt to harvest sensitive company credentials and session cookies to initiate work sessions from non-company devices and for further compromise opportunities." To mitigate these risks, the FBI advised companies to apply the principle of least privilege by disabling local administrator accounts and limiting permissions for remote desktop applications. Organizations should also monitor for unusual network traffic, especially remote connections since North Korean IT personnel often log into the same account from various IP addresses over a short period of time.

United States

Scale AI CEO Says China Has Quickly Caught the US With DeepSeek 79

The U.S. may have led China in the AI race for the past decade, according to Alexandr Wang, CEO of Scale AI, but on Christmas Day, everything changed. From a report: Wang, whose company provides training data to key AI players including OpenAI, Google and Meta , said Thursday at the World Economic Forum in Davos, Switzerland, that DeepSeek, the leading Chinese AI lab, released an "earth-shattering model" on Christmas Day, then followed it up with a powerful reasoning-focused AI model, DeepSeek-R1, which competes with OpenAI's recently released o1 model.

"What we've found is that DeepSeek ... is the top performing, or roughly on par with the best American models," Wang said. In an interview with CNBC, Wang described the artificial intelligence race between the U.S. and China as an "AI war," adding that he believes China has significantly more Nvidia H100 GPUs -- AI chips that are widely used to build leading powerful AI models -- than people may think, especially considering U.S. export controls. [...] "The United States is going to need a huge amount of computational capacity, a huge amount of infrastructure," Wang said, later adding, "We need to unleash U.S. energy to enable this AI boom."
DeepSeek's holding company is a quant firm, which happened to have a lot of GPUs for trading and mining. DeepSeek is their "side project."
United States

Trump Signs Executive Order on Developing AI 'Free From Ideological Bias' 169

President Donald Trump signed an executive order on AI Thursday that will revoke past government policies his order says "act as barriers to American AI innovation." From a report: To maintain global leadership in AI technology, "we must develop AI systems that are free from ideological bias or engineered social agendas," Trump's order says. The new order doesn't name which existing policies are hindering AI development but sets out to track down and review "all policies, directives, regulations, orders, and other actions taken" as a result of former President Joe Biden's sweeping AI executive order of 2023, which Trump rescinded Monday.

Any of those Biden-era actions must be suspended if they don't fit Trump's new directive that AI should "promote human flourishing, economic competitiveness, and national security." Last year, the Biden administration issued a policy directive that said U.S. federal agencies must show their artificial intelligence tools aren't harming the public, or stop using them. Trump's order directs the White House to revise and reissue those directives, which affect how agencies acquire AI tools and use them.
Power

Bill Gates' TerraPower Signs Agreement For Nuclear To Power Data Centers 42

An anonymous reader quotes a report from The Verge: TerraPower, a nuclear energy startup founded by Bill Gates, struck a deal this week with one of the largest data center developers in the US to deploy advanced nuclear reactors. TerraPower and Sabey Data Centers (SDC) are working together on a plan to run existing and future facilities on nuclear energy from small reactors. A memorandum of understanding signed by the two companies establishes a "strategic collaboration" that'll initially look into the potential for new nuclear power plants in Texas and the Rocky Mountain region that would power SDC's data centers. [...]

There's still a long road ahead before that can become a reality. The technology TerraPower and similar nuclear energy startups are developing still have to make it through regulatory hurdles and prove that they can be commercially viable. Compared to older, larger nuclear power plants, the next generation of reactors are supposed to be smaller and easier to site. Nuclear energy is seen as an alternative to fossil fuels that are causing climate change. But it still faces opposition from some advocates concerned about the impact of uranium mining and storing radioactive waste near communities. TerraPower's reactor design for this collaboration, Natrium, is the only advanced technology of its kind with a construction permit application for a commercial reactor pending with the U.S. Nuclear Regulatory Commission, according to the company. The company just broke ground on a demonstration project in Wyoming last year, and expects it to come online in 2030.
United States

US To Exit WHO (whitehouse.gov) 320

The United States will withdraw from the World Health Organization, according to an executive order signed by President Donald Trump, who cited WHO's mishandling of the COVID-19 pandemic and demands for "unfairly onerous payments" from Washington.

The order -- which takes a year to go into effect -- halts U.S. funding to WHO and recalls American personnel working with the organization. It also revokes a January 2021 letter that had kept the U.S. in WHO after an earlier withdrawal attempt. The White House ordered officials to find new partners to take over WHO-led activities and directed a review of the 2024 U.S. Global Health Security Strategy.
AI

Scale AI CEO To Trump: 'America Must Win the AI War' (semafor.com) 54

Scale AI CEO Alexandr Wang is taking out a full-page ad in The Washington Post on Tuesday with a succinct message for the new US commander-in-chief: "Dear President Trump, America must win the AI war." From a report: The ad also pointed readers to a five-point plan that would reorient the federal government to invest more in the technology and overhaul priorities for that funding. In an exclusive interview with Semafor, Wang said he was motivated to make his recommendations by a new White House that is both planning to aggressively support new technology and courting input from the industry.

"They're listening," he said. "This incoming administration wants to move fast and take a lot of action and really be quite ambitious about a lot of these issues." [...] "What's undeniable, if you think about what the future is going to look like, is the degree to which the amount of computational capability you have will be directly related to how strong your AI capabilities are," Wang said before he arrived at the World Economic Forum in Davos. Wang also recommends the US government should make a larger effort to cut the red tape on new energy production, inviting pent-up demand for private sector investment in the area.

Communications

Brendan Carr is Officially in Charge of the FCC (theverge.com) 71

An anonymous reader shares a report: Brendan Carr is now formally the chair of the Federal Communications Commission, giving him the power to set the agency's agenda and usher through a host of regulations with major implications for the tech and media industries as soon as he has a Republican majority. In a statement, Carr named a few areas of focus: "issues ranging from tech and media regulation to unleashing new opportunities for jobs and growth through agency actions on spectrum, infrastructure, and the space economy."

Carr's priorities might also be gleaned from a document you might have already heard about: Project 2025. That's because he authored the FCC chapter of the Heritage Foundation's wishlist for a Donald Trump presidency. In that chapter, Carr proposes actions including: limiting immunity for tech companies under Section 230 of the Communications Decency Act, requiring disclosures about how platforms prioritize content, requiring tech companies to pay into a program that funds broadband access in rural areas, and more, quickly approving applications to launch satellites from companies like Elon Musk's Starlink.

AI

CIA's Chatbot Stands In For World Leaders 37

The CIA has developed a chatbot to talk to virtual versions of foreign presidents and prime ministers. "Understanding leaders around the world is one of the CIA's most important jobs. Teams of analysts comb through intelligence collected by spies and publicly available information to create profiles of leaders that can predict behaviors," reports the New York Times. "A chatbot powered by artificial intelligence now helps do that work." From the report: The chatbot is part of the spy agency's drive to improve the tools available to CIA analysts and its officers in the field, and to better understand adversaries' technical advances. Core to the effort is to make it easier for companies to work with the most secretive agency. William Burns, CIA director for the past four years, prioritized improving the agency's technology and understanding of how it is used. Incoming Trump administration officials say they plan to build on those initiatives, not tear them down. [...]

The CIA has long used digital tools, spy gadgets and even AI. But with the development of new forms of AI, including the large language models that power chatbots, the agency has stepped up its investments. Making better use of AI, Burns said, is crucial to US competition with China. And better AI models have helped the agency's analysts "digest the avalanche of open-source information out there," he said. The new tools have also helped analysts process clandestinely acquired information, Burns said. New technologies developed by the agency are helping spies navigate cities in authoritarian countries where governments use AI-powered cameras to conduct constant surveillance on their population and foreign spies.
United States

Donald Trump Is Sworn In as 47th President 432

Donald Trump was sworn in as the 47th president of the United States on Monday in a ceremony inside the U.S. Capitol's Rotunda, returning to the White House after defeating Kamala Harris.

Trump, 78, took the oath of office before a packed crowd of lawmakers, dignitaries, and supporters, with Chief Justice John Roberts administering the ceremony. Former presidents Bill Clinton, George W. Bush, and Barack Obama attended, continuing a tradition of peaceful transitions of power.

In a notable show of corporate support, top technology executives including Apple's Tim Cook, Amazon's Jeff Bezos, and Tesla's Elon Musk sat in prominent positions near the stage.

Prior to the ceremony, Biden and Trump shared a limousine ride to the Capitol, maintaining another inaugural tradition despite their fierce rivalry. Biden, 82, issued several last-minute pardons before departing office, including one for Indigenous activist Leonard Peltier.
United States

The Pentagon Says AI is Speeding Up Its 'Kill Chain' 34

An anonymous reader shares a report: Leading AI developers, such as OpenAI and Anthropic, are threading a delicate needle to sell software to the United States military: make the Pentagon more efficient, without letting their AI kill people. Today, their tools are not being used as weapons, but AI is giving the Department of Defense a "significant advantage" in identifying, tracking, and assessing threats, the Pentagon's Chief Digital and AI Officer, Dr. Radha Plumb, told TechCrunch in a phone interview.

"We obviously are increasing the ways in which we can speed up the execution of kill chain so that our commanders can respond in the right time to protect our forces," said Plumb. The "kill chain" refers to the military's process of identifying, tracking, and eliminating threats, involving a complex system of sensors, platforms, and weapons. Generative AI is proving helpful during the planning and strategizing phases of the kill chain, according to Plumb. The relationship between the Pentagon and AI developers is a relatively new one. OpenAI, Anthropic, and Meta walked back their usage policies in 2024 to let U.S. intelligence and defense agencies use their AI systems. However, they still don't allow their AI to harm humans. "We've been really clear on what we will and won't use their technologies for," Plumb said, when asked how the Pentagon works with AI model providers.
Government

California Drops Its Pending Zero-Emission Truck Rules (msn.com) 100

In 2022 California's Air Resources Board issued regulations to ban new diesel truck sales by 2036, remembers the Los Angeles Times, and force the owners of diesel trucks to take them off the road by 2042. "The idea was to replace those trucks with electric and hydrogen-powered versions, which dramatically reduce emissions but are currently two to three times more expensive."

But it would've required a federal waiver to enforce those rules — which isn't going to happen: The Biden administration hadn't granted the waivers as of this week, and rather than face almost certain denial by the incoming Trump administration, the state withdrew its waiver request... Trucking representatives had filed a lawsuit to block the rules, arguing they would cause irreparable harm to the industry and the wider economy.
The nonprofit news site CalMatters notes the withdrawal "comes after the Biden administration recently approved the California Air Resources Board's mandate phasing out new gas-powered cars by 2035, but had not yet approved other waivers for four diesel vehicle standards that the state has adopted... California may have to suspend any future rule-making for vehicles over the next four years of the Trump administration and rely instead on voluntary agreements with engine manufacturers, trucking companies, railroads and other industries."

The Los Angeles Times adds that California "could, however, pursue waivers at some point in the future." Under America's federal Clean Air Act, "California is allowed to set its own air standards, and other states are allowed to follow California's lead. But federal government waivers are required..."
AI

In AI Arms Race, America Needs Private Companies, Warns National Security Advisor (axios.com) 40

America's outgoing national security adviser has "wide access to the world's secrets," writes Axios, adding that the security adviser delivered a "chilling" warning that "The next few years will determine whether AI leads to catastrophe — and whether China or America prevails in the AI arms race."

But in addition, Sullivan "said in our phone interview that unlike previous dramatic technology advancements (atomic weapons, space, the internet), AI development sits outside of government and security clearances, and in the hands of private companies with the power of nation-states... 'There's going to have to be a new model of relationship because of just the sheer capability in the hands of a private actor,' Sullivan says..." Somehow, government will have to join forces with these companies to nurture and protect America's early AI edge, and shape the global rules for using potentially God-like powers, he says. U.S. failure to get this right, Sullivan warns, could be "dramatic, and dramatically negative — to include the democratization of extremely powerful and lethal weapons; massive disruption and dislocation of jobs; an avalanche of misinformation..."

To distill Sullivan: America must quickly perfect a technology that many believe will be smarter and more capable than humans. We need to do this without decimating U.S. jobs, and inadvertently unleashing something with capabilities we didn't anticipate or prepare for. We need to both beat China on the technology and in shaping and setting global usage and monitoring of it, so bad actors don't use it catastrophically. Oh, and it can only be done with unprecedented government-private sector collaboration — and probably difficult, but vital, cooperation with China...

There's no person we know in a position of power in AI or governance who doesn't share Sullivan's broad belief in the stakes ahead...

That said, AI is like the climate: America could do everything right — but if China refuses to do the same, the problem persists and metastasizes fast. Sullivan said Trump, like Biden, should try to work with Chinese leader Xi Jinping on a global AI framework, much like the world did with nuclear weapons.

"I personally am not an AI doomer," Sullivan says in the interview. "I am a person who believes that we can seize the opportunities of AI. But to do so, we've got to manage the downside risks, and we have to be clear-eyed and real about those risks."

Thanks to long-time Slashdot reader Mr_Blank for sharing the article.
Power

Large-Scale US Solar Farms Brings 'Solar Grazing' Work for Sheep (go.com) 49

"As large-scale solar farms crop up across the U.S.," reports ABC News, "the booming solar industry has found an unlikely mascot..." Sheep. In Milam County, outside Austin [Texas], SB Energy operates the fifth-largest solar project in the country, capable of generating 900 megawatts of power across 4,000 acres (1,618 hectares). How do they manage all that grass? With the help of about 3,000 sheep, which are better suited than lawnmowers to fit between small crevices and chew away rain or shine. The proliferation of sheep on solar farms is part of a broader trend — solar grazing — that has exploded alongside the solar industry. Agrivoltaics, a method using land for both solar energy production and agriculture, is on the rise with more than 60 solar grazing projects in the U.S., according to the National Renewable Energy Laboratory.

The American Solar Grazing Association says 27 states engage in the practice. "The industry tends to rely on gas-powered mowers, which kind of contradicts the purpose of renewables," SB Energy asset manager James Hawkins said... Because solar fields use sunny, flat land that is often ideal for livestock grazing, the power plants have been used in coordination with farmers rather than against them....

Some agriculture experts say [solar sheepherders'] success reflects how solar farms have become a boon for some ranchers. Reid Redden, a sheep farmer and solar vegetation manager in San Angelo, Texas, said a successful sheep business requires agricultural land that has become increasingly scarce. "Solar grazing is probably the biggest opportunity that the sheep industry had in the United States in several generations," Redden said. The response to solar grazing has been overwhelmingly positive in rural communities near South Texas solar farms where Redden raises sheep for sites to use, he said. "I think it softens the blow of the big shock and awe of a big solar farm coming in," Redden said.

Printer

Proposed New York Law Could Require Background Checks Before Buying 3D Printers (news10.com) 225

A new law is being considered by New York's state legislature, reports a local news outlet, which "if passed, will require anyone buying a 3D printer to pass a background check. If you can't legally own a firearm, you won't be able to buy one of these printers..." It is illegal to print most gun parts in New York. Attorney Greg Rinckey believes the proposal is an overreach. "I think this is also gonna face some constitutional problems. I mean, it really comes down to a legal parsing of what are you printing and at what point is it technically a firearm...?"

[Ascent Fabrication owner Joe] Fairley thinks lawmakers should shift their focus on those partial gun kits that produce the metal firing components. Another possibility is to require printer manufacturers to install software that prevents gun parts from being printed. "They would need to agree on some algorithm to look at the part and say nope, that is a gun component, you're not allowed to print that part somehow," said Fairley. "But I feel like it would be extremely difficult to get to that point."

Medicine

America's Top Three Insurers Reaped $7.3 Billion From Their Drug-Middlemen's Markups, FTC Says (nbcnews.com) 87

America's Federal Trade Commission has been "raising antitrust concerns" about them for years, reports NBC News.

The latest? America's three largest drug middlemen "inflated the costs of numerous life-saving medications by billions of dollars over the past few years, the FTC said in a report Tuesday." The top pharmacy benefit managers (PBMs) — CVS Health's Caremark Rx, Cigna's Express Scripts and UnitedHealth Group's OptumRx — generated roughly $7.3 billion through price hikes over about five years starting in 2017, the FTC said. The "excess" price hikes affected generic drugs used to treat heart disease, HIV and cancer, among other conditions, with some increases more than 1,000% of the national average costs of acquiring the medications, the commission said. The FTC also said these so-called Big Three health care companies — which it estimates administer 80% of all prescriptions in the U.S. — are inflating drug prices "at an alarming rate, which means there is an urgent need for policymakers to address it...."

Some of the steepest drug markups were "hundreds and thousands of percent," according to Tuesday's report, which highlights just how profitable specialty drugs have become for the three leading PBMs. Cancer drugs alone made up nearly half of the $7.3 billion, the commission wrote, with multiple sclerosis medications accounting for another 25%. Dispensing highly marked-up specialty drugs was a massive income stream for the companies in 2021, the FTC found. Out of tens of thousands of drugs dispensed, the top 10 specialty generics alone made up nearly 11% of the companies' pharmacy-related operating income that year, the agency estimated. Across the 51 drugs the agency analyzed, the Big Three's price-markup revenue surged from $522 million in 2017 to $2.1 billion in 2021, the report said.

"The FTC found that 22 percent of specialty drugs dispensed by PBM-affiliated pharmacies were marked up by more than 1,000 percent," reports The Hill, "while 41 percent were marked up between 100 and 1,000 percent. Among those drugs marked up by more than 1,000 percent, half of them were marked up by more than 2,000 percent."

And the nonprofit site progressive news site Common Dreams shares some examples from the FTC's 60-page report: "For the pulmonary hypertension drug tadalafil (generic Adcirca), for example, pharmacies purchased the drug at an average of $27 in 2022, yet the Big Three PBMs marked up the drug by $2,079 and paid their affiliated pharmacies $2,106, on average, for a 30-day supply of the medication on commercial claims," the publication notes. That's a staggering average markup of 7,736%... The new analysis follows a July 2024 report that revealed Big Three PBM-affiliated pharmacies received 68% of the dispensing revenue generated by specialty drugs in 2023, a 14% increase from 2016...

Responding to the FTC report, Emma Freer, senior policy analyst for healthcare at the American Economic Liberties Project — a corporate accountability and antitrust advocacy group — said in a statement Tuesday that "the FTC's second interim report lays bare the blatant profiteering by PBM giants, which are marking up lifesaving drugs like cancer, HIV, and multiple sclerosis treatments by thousands of percent and forcing patients to pay the price."

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