Last week, when the CEO of drugmaker Mylan was testifying before Congress, Rep. Jason Chafee of Utah spoke for the American people when he wondered whether the company actually earns only $52 profit per pen when the retail list price is $608 each. The company has now clarified its answer: that $104 per two-pack figure is Mylan’s profit after taxes. Before taxes, the profit is $88 per pen, or $166 per two-pack. [More]
profitable
Cage-Free Eggs Are More Profitable For Retailers Than Conventional Eggs
By 3.25.16
As food retailers and restaurants announce to the public that they plan to switch to all cage-free eggs on their shelves and in their products, here’s something to keep in mind: the retailers, at least, are going to make more money after the change is fully phased in. That’s because cage-free eggs only cost only fifteen cents per dozen more to produce, but retailers can charge double for them. [More]
