From 2017 to 2022, the companies marked up prices at their pharmacies by hundreds or thousands of percent, netting them $7.3 billion in revenue.

Three major drug middlemen needlessly marked up generic drugs for cancer, HIV, and multiple sclerosis to generate $7.3 billion in revenue, The Federal Trade Commission (FTC) said in a report released today.

Cigna (NYSE:CI) Group, and UnitedHealth Group Inc (NYSE:UNH) were down around 1% after the Federal Trade Commission (FTC) accused their pharmacy benefit manager units of imposing

After announcing a settlement last year, the FTC is now sending refund checks to 6,700+ consumers who bought Razer's air-filtering mask, which was flagged for deceptive marketing.

Under the terms of the agreement, the FTC said it would send checks and PayPal payments containing full refunds to 6,764 consumers who purchased the mask. According to the agency, consumers who bought a Zephyr will have 90 days to cash their check once received or 30 days to accept their PayPal payment.

The Federal Trade Commission said yesterday it is sending over $1 million in refunds to 6,764 consumers who purchased Razer Zephyr masks that were deceptively marketed as providing N95 protection during the COVID-19 pandemic.