Amazon threatens to sue major pharmacy player if it prevents PillPack from accessing patient drug data

That comprehensive data comes indirectly from Surescripts, an electronic-prescribing company that’s owned by some of PillPack’s potential competitors, including CVS and Express Scripts. This week, ReMy indicated that it would cease working with PillPack in the coming days, people familiar with the matter said. “PillPack does not have an agreement with Surescripts that in any way covers the use of this important Protected Health Information,” the statement said. PillPack, in response, noted that


That comprehensive data comes indirectly from Surescripts, an electronic-prescribing company that’s owned by some of PillPack’s potential competitors, including CVS and Express Scripts. This week, ReMy indicated that it would cease working with PillPack in the coming days, people familiar with the matter said. “PillPack does not have an agreement with Surescripts that in any way covers the use of this important Protected Health Information,” the statement said. PillPack, in response, noted that
Amazon threatens to sue major pharmacy player if it prevents PillPack from accessing patient drug data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: christina farr
Keywords: news, cnbc, companies, remy, week, drug, patient, information, data, pharmacy, surescripts, working, sue, prevents, health, pillpack, player, major, company, threatens


Amazon threatens to sue major pharmacy player if it prevents PillPack from accessing patient drug data

PillPack co-founders TJ Parker and Elliot Cohen.

Just over a year after buying online pharmacy PillPack for $753 million, Amazon is engaged in a bitter battle with an incumbent player in the pharmacy industry, which sources tell CNBC is working behind the scenes to prevent the company from accessing important patient data. PillPack’s pharmacy delivery service relies on its access to an accurate list of its patients’ medications, so it can properly inform them about health and safety risks, uncover any duplicate subscriptions and help them keep up with refills. That comprehensive data comes indirectly from Surescripts, an electronic-prescribing company that’s owned by some of PillPack’s potential competitors, including CVS and Express Scripts. According to two people familiar with the matter, PillPack was informed this week that it will soon be cut off from accessing that data via a third-party entity, ReMy Health — a move that could seriously complicate its business. Amazon is considering legal action against Surescripts to halt those efforts, said the people, who asked not to be identified because the deliberations are confidential. One person told CNBC that PillPack has already sent a cease-and-desist letter to Surescripts. It’s the latest in a string of disputes between Amazon and the established pharmacy companies since its purchase of PillPack in June 2018 — a deal that sent shares of pharmacy owners and pharmacy benefit managers tumbling. Last month, CVS filed a lawsuit against a former employee after he told the company he would be taking a job at PillPack. A judge blocked the employee from working for PillPack for 18 months.

Fighting the FTC

Spending on prescriptions in the U.S. is approaching $500 billion a year, and the industry has long been controlled by a handful of large players, who manage pricing and access to medications. Amazon’s jump into the market poses a serious threat to the status quo by giving the e-commerce giant relationships with health insurers and licenses to ship prescriptions to every state except Hawaii. The current imbroglio shows the tangled nature of the pharmacy web, and how hard the incumbents are working to keep control over data and stem a competitive threat. Surescripts manages about 80% of all U.S. prescriptions. It is such a dominant force that in April, the Federal Trade Commission sued the company, alleging “illegal monopolization of e-prescription markets.” Surescripts said last week that the FTC’s complaint “makes significant factual errors” about its business and the market, and it has filed a motion to dismiss the case. PillPack doesn’t contract directly with Surescripts for patient medication information, but goes through ReMy, which compiles the raw data from Surescripts, cleans it up and offers it to clients through an application programming interface. Because PillPack is not contracting with Surescripts, its communication has been with ReMy. This week, ReMy indicated that it would cease working with PillPack in the coming days, people familiar with the matter said. The companies started working together in 2017, the people said. “PillPack is productively working with partners across the healthcare industry to help people throughout the U.S. who can benefit from a better pharmacy experience,” said Jacquelyn Miller, a PillPack spokesperson. “While we’re not surprised when powerful incumbents try to undermine these efforts, we are confident that our collaborative approach to bring customers more choice, more convenience, and improved quality will ultimately prevail.” Surescripts said in a statement it’s committed to privacy and security and that medication history “can reveal a lot about an individual’s health status, including the most sensitive of healthcare conditions.” “PillPack does not have an agreement with Surescripts that in any way covers the use of this important Protected Health Information,” the statement said. Suresripts added that its portfolio does not include “any businesses where we are the source of medication history to retail pharmacies.”

Surescripts said its board, which includes executives from CVS and Cigna, became aware of the issue only after an inquiry with CNBC. PillPack, in response, noted that it has contracts in place to manage protected health information as a licensed pharmacy. “Prescription history is only requested upon consent of the customer, and is held to the same data handling standards as all patient health information handled by PillPack,” Miller said. “Further, PillPack is a covered entity, the same as a physician’s office, and is bound by all healthcare privacy laws.”

‘Makes health care more costly’


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: christina farr
Keywords: news, cnbc, companies, remy, week, drug, patient, information, data, pharmacy, surescripts, working, sue, prevents, health, pillpack, player, major, company, threatens


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Michael Horn: How to tell if your degree is worth the money

1 Hour AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Michael Horn of The Christensen Institute explains how much debt you should incur if you’re looking to enroll in college.


1 Hour AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Michael Horn of The Christensen Institute explains how much debt you should incur if you’re looking to enroll in college.
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Keywords: news, cnbc, companies, flash, enabled, plugin, player, michael, view, site, money, horn, tell, degree, try, worth, need, youre, browser


Michael Horn: How to tell if your degree is worth the money

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Michael Horn of The Christensen Institute explains how much debt you should incur if you’re looking to enroll in college.


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: aaron ontiveroz the denver post via getty images
Keywords: news, cnbc, companies, flash, enabled, plugin, player, michael, view, site, money, horn, tell, degree, try, worth, need, youre, browser


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Here’s who benefits from the Fed cutting interest rates

3 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Sallie Krawcheck, Co-founder and CEO of Ellevest says the rate cuts can be good for some but bad for others.


3 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Sallie Krawcheck, Co-founder and CEO of Ellevest says the rate cuts can be good for some but bad for others.
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Company: cnbc, Activity: cnbc, Date: 2019-07-10
Keywords: news, cnbc, companies, site, browser, benefits, plugin, cutting, heres, rates, flash, interest, try, rate, enabled, need, player, fed, view


Here's who benefits from the Fed cutting interest rates

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Sallie Krawcheck, Co-founder and CEO of Ellevest says the rate cuts can be good for some but bad for others.


Company: cnbc, Activity: cnbc, Date: 2019-07-10
Keywords: news, cnbc, companies, site, browser, benefits, plugin, cutting, heres, rates, flash, interest, try, rate, enabled, need, player, fed, view


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Novak Djokovic: number one men’s tennis player and charity founder


Novak Djokovic: number one men’s tennis player and charity founder Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: tania bryer, lucy handley
Keywords: news, cnbc, companies, charity, djokovic, number, mens, tennis, player, novak, founder


Novak Djokovic: number one men's tennis player and charity founder


Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: tania bryer, lucy handley
Keywords: news, cnbc, companies, charity, djokovic, number, mens, tennis, player, novak, founder


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15-year-old Cori Gauff, the youngest player to qualify for Wimbledon, beats idol Venus Williams in opening match

As for a win over the veteran champion, “I never thought this would happen,” Gauff told BBC after the match . Today, as the youngest player ever to qualify for Wimbledon, Gauff is not only competing in the same tournament as her heroes — she’s winning. In fact, Serena is “the reason why I play tennis,” the 15-year-old American phenom told BBC Sport . “After I made the main draw here, two of my teachers found out I play tennis,” she said. I have three other teachers that don’t know I play tennis.


As for a win over the veteran champion, “I never thought this would happen,” Gauff told BBC after the match . Today, as the youngest player ever to qualify for Wimbledon, Gauff is not only competing in the same tournament as her heroes — she’s winning. In fact, Serena is “the reason why I play tennis,” the 15-year-old American phenom told BBC Sport . “After I made the main draw here, two of my teachers found out I play tennis,” she said. I have three other teachers that don’t know I play tennis.
15-year-old Cori Gauff, the youngest player to qualify for Wimbledon, beats idol Venus Williams in opening match Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: kathleen elkins
Keywords: news, cnbc, companies, wimbledon, play, told, teachers, venus, idol, tennis, youngest, gauff, opening, match, win, qualify, williams, tournament, know, player


15-year-old Cori Gauff, the youngest player to qualify for Wimbledon, beats idol Venus Williams in opening match

“I’ve been dreaming to share the court with Venus,” she said in a pre-match interview . As for a win over the veteran champion, “I never thought this would happen,” Gauff told BBC after the match . “I don’t know how to explain it. I’m literally living my dream. Not many people get to say that.”

Today, as the youngest player ever to qualify for Wimbledon, Gauff is not only competing in the same tournament as her heroes — she’s winning. On Monday, in the first round of play, she beat Venus in straight sets, 6-4, 6-4.

Cori Gauff grew up idolizing Venus and Serena Williams. In fact, Serena is “the reason why I play tennis,” the 15-year-old American phenom told BBC Sport .

Venus, at 39, has seven Grand Slam titles under her belt, including five at the All England Club. She was looking for her 90th Wimbledon singles win in this match.

Gauff, the youngest player in the women’s singles draw, is still in high school. She took a science test the night before the finals of the qualifying tournament, which she had to win to earn a spot in the main draw.

Thanks to the press, a few of her teachers now know about her budding tennis career. “After I made the main draw here, two of my teachers found out I play tennis,” she said. “They saw my name in an article. I have three other teachers that don’t know I play tennis. I’m not really the type of person to talk about myself, so I still think they don’t know.”

Guaff, who will play Magdalena Rybarikova in the second round of the tournament, remained poised throughout today’s match, despite the stakes. “I definitely had to tell myself to stay calm during the match,” she told BBC. “I never played on a court that’s so big. I had to remind myself that the lines are the same size as any other court.

“When we shook hand she told me congratulations and to keep going and good luck. I said ‘thank you for everything you’ve done’ — I wouldn’t be here if it wasn’t for her.”

Don’t miss: Alex Rodriguez drinks 9 cups of coffee a day—here’s the rest of his daily routine

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Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: kathleen elkins
Keywords: news, cnbc, companies, wimbledon, play, told, teachers, venus, idol, tennis, youngest, gauff, opening, match, win, qualify, williams, tournament, know, player


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Top NBA Draft pick Zion Williamson could sign a rookie contract worth up to $45 million

Of course, for a player generating the sort of hype that Williamson has, his NBA rookie salary is only the starting point for his potential professional earnings. Once he joins the NBA, Williamson will be free to sign endorsement deals with sponsorship brands, and he’s expected to be in high demand. For Williamson’s rookie contract though, that is determined by the NBA’s rookie pay scale, which assigns salary slots for each draft pick based on where they’re selected. So Williamson’s projected sa


Of course, for a player generating the sort of hype that Williamson has, his NBA rookie salary is only the starting point for his potential professional earnings. Once he joins the NBA, Williamson will be free to sign endorsement deals with sponsorship brands, and he’s expected to be in high demand. For Williamson’s rookie contract though, that is determined by the NBA’s rookie pay scale, which assigns salary slots for each draft pick based on where they’re selected. So Williamson’s projected sa
Top NBA Draft pick Zion Williamson could sign a rookie contract worth up to $45 million Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-20  Authors: tom huddleston jr
Keywords: news, cnbc, companies, worth, salary, williamson, contract, projected, williamsons, sign, pick, draft, zion, rookie, nba, deal, million, player


Top NBA Draft pick Zion Williamson could sign a rookie contract worth up to $45 million

Following an electric freshman season at Duke University, Zion Williamson is the consensus top prospect for Thursday night’s 2019 NBA Draft, which means that (barring an unlikely trade) the 18-year-old Williamson will be suiting up for the New Orleans Pelican as an NBA rookie later this year.

So while the basketball world is in agreement about Williamson’s status as one of the most exciting NBA prospects in years, one question that remains is: How much is he worth?

When it comes to salary, Williamson is projected to get a rookie deal that would pay him $20 million over two years, according to the estimate from sports salary tracker Spotrac. And Spotrac also estimates that Williamson’s eventual rookie deal will ultimately be worth up to $45 million in total over four years, as rookies’ two-year contracts include team options to extend in the third and fourth years.

Of course, for a player generating the sort of hype that Williamson has, his NBA rookie salary is only the starting point for his potential professional earnings. Once he joins the NBA, Williamson will be free to sign endorsement deals with sponsorship brands, and he’s expected to be in high demand.

In fact, according to ESPN, Williamson is likely to be the subject of a fierce bidding war among shoe companies like Nike, Adidas, Reebok and others vying for his services — and that competition could result in the teen basketball player landing an unprecedented deal worth as much as $100 million. By comparison, LeBron James signed a lifetime deal with Nike in 2015 that’s reportedly worth “significantly” more than $500 million, according to USA Today.

For Williamson’s rookie contract though, that is determined by the NBA’s rookie pay scale, which assigns salary slots for each draft pick based on where they’re selected. These slots increase incrementally each year, based on the percentage by which the NBA increases teams’ salary caps (they’ll jump from $101.9 million to $109 million per team for the upcoming season).

So Williamson’s projected salary should make him the highest paid rookie-year player ever. But his projected $45 million over four years would not be the largest overall contract handed out to a rookie. That honor actually belongs to Glenn “Big Dog” Robinson, who the Milwaukee Bucks selected with the first pick of the 1994 NBA Draft before promptly handing him a massive 10-year deal, worth $68 million in total.


Company: cnbc, Activity: cnbc, Date: 2019-06-20  Authors: tom huddleston jr
Keywords: news, cnbc, companies, worth, salary, williamson, contract, projected, williamsons, sign, pick, draft, zion, rookie, nba, deal, million, player


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Nishikori joins Federer, Djokovic as highest-paid tennis players: Forbes

Roger Federer, Novak Djokovic and Kei Nishikori — when it comes to men’s tennis, these are the top three highest-paid athletes, according to a Forbes ranking. With earnings of $37.3 million, Nishikori, ranked 35th on the Forbes list to Federer’s 5th place ($93.4 million) and Djokovic’s 17th place ($50.6 million). Butler remembers when Nishikori won his first ATP title at the Delray Beach Open in 2008. The nickname referenced his goal to beat Japanese tennis champion Shuzo Matsuoka’s ranking of #


Roger Federer, Novak Djokovic and Kei Nishikori — when it comes to men’s tennis, these are the top three highest-paid athletes, according to a Forbes ranking. With earnings of $37.3 million, Nishikori, ranked 35th on the Forbes list to Federer’s 5th place ($93.4 million) and Djokovic’s 17th place ($50.6 million). Butler remembers when Nishikori won his first ATP title at the Delray Beach Open in 2008. The nickname referenced his goal to beat Japanese tennis champion Shuzo Matsuoka’s ranking of #
Nishikori joins Federer, Djokovic as highest-paid tennis players: Forbes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: elizabeth myong, adam reed
Keywords: news, cnbc, companies, million, open, players, player, nadal, forbes, joins, mens, tennis, nishikori, djokovic, ranked, japan, highestpaid, federer, butler


Nishikori joins Federer, Djokovic as highest-paid tennis players: Forbes

Kei Nishikori of Japan celebrates match point during his men’s singles quarter-final match against Marin Cilic of Croatia on Day Ten of the 2018 US Open at the USTA Billie Jean King National Tennis Center on September 5, 2018 in the Flushing neighborhood of the Queens borough of New York City.

Roger Federer, Novak Djokovic and Kei Nishikori — when it comes to men’s tennis, these are the top three highest-paid athletes, according to a Forbes ranking.

Some may be surprised that Nishikori bested Rafael Nadal, but the 29-year-old has become quite a superstar in his home country of Japan, where he has a large and adoring fanbase. Crowds have gotten so large at practices, they have caused safety concerns, and prompted him to move to the U.S. for training.

With earnings of $37.3 million, Nishikori, ranked 35th on the Forbes list to Federer’s 5th place ($93.4 million) and Djokovic’s 17th place ($50.6 million). Nadal raked in $35 million to place 37th.

Nishikori stood out at the very beginning, said John Butler, executive director of the Delray Beach Open. Butler remembers when Nishikori won his first ATP title at the Delray Beach Open in 2008.

“Even at that stage when he was relatively a no one in the tennis world, he knew how to step up at the big moments,” said Butler. “He knows how to execute, that’s why he’s been so steady in his climb.”

“Project 45” was Nishikori’s nickname when he was 18, Butler said. The nickname referenced his goal to beat Japanese tennis champion Shuzo Matsuoka’s ranking of #46, which was once the highest world ranking for any Japanese tennis player. But that was before Nishikori blew past that record, joining the world’s top ten.

Nishikori is currently ranked number 7 in singles, but he reached a career high of number 4, making him the first Japanese men’s tennis player to have been ranked in the top 5 for singles.

In 2016, he won a gold medal in the Olympics in Rio, which was the first gold medal for Japan in over 96 years. He also became the first Asian player to reach the men’s Grand Slam final at the 2014 U.S. Open.

One of the reasons Nishikori bested Nadal was his endorsements. Forbes said Nishikori took home $4.3 million in prize money to Nadal’s $9 million, but Nishikori’s $33 million in endorsement, topped Nadal’s $25 million.

Nishikori has been able to make a number of brand deals with sneakers from Nike, noodles from Nissin, a car at Jaguar, and a jet at Japan Airlines named after him. He also has deals with Asahi, NTT, Lixil, and Procter & Gamble.

When it comes to on-court fashion, Nishikori is also well-connected. Uniqlo named Nishikori their global ambassador in 2011 and outfitted him for the 2019 French Open. He also signed a lifetime deal with Wilson in 2015.

Nishikori, who is active on social media, has 1 million followers on Twitter and more than 500,000 on Instagram, where he posts about brand partners like Jaguar.

Butler said Nishikori’s success is especially impressive because he hasn’t allowed his smaller stature to get in the way of competitors who are much taller.

“He’s a fascinating role model and example for young players who aren’t 6’4. He maximizes what he’s good at and he doesn’t have weaknesses,” he said. “He can rip a ball without being Rafael Nadal.”


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: elizabeth myong, adam reed
Keywords: news, cnbc, companies, million, open, players, player, nadal, forbes, joins, mens, tennis, nishikori, djokovic, ranked, japan, highestpaid, federer, butler


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Inside Brad Pitt and Jennifer Aniston’s former Beverly Hills home

1 Hour AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. A Beverly Hills estate previously owned by Brad Pitt and Jennifer Aniston is for sale for $49 million.


1 Hour AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. A Beverly Hills estate previously owned by Brad Pitt and Jennifer Aniston is for sale for $49 million.
Inside Brad Pitt and Jennifer Aniston’s former Beverly Hills home Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03
Keywords: news, cnbc, companies, browser, inside, pitt, enabled, previously, hills, anistons, flash, view, player, jennifer, try, site, sale, plugin, brad, beverly


Inside Brad Pitt and Jennifer Aniston's former Beverly Hills home

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A Beverly Hills estate previously owned by Brad Pitt and Jennifer Aniston is for sale for $49 million.


Company: cnbc, Activity: cnbc, Date: 2019-06-03
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Here’s how much money the winners of this year’s NBA Finals could take home

The Golden State Warriors and Toronto Raptors face off in game one of the 2019 NBA Finals on Thursday, May 30, and the winners of the series will walk away with way more than just bragging rights. The NBA creates a “players’ pool” each season that’s split among the teams that make the playoffs and finals, and the National Basketball Players Association helps decide how it’s divvied up. This time, the pool is about $22 million, an NBPA representative confirmed to CNBC Make It. Last season, when t


The Golden State Warriors and Toronto Raptors face off in game one of the 2019 NBA Finals on Thursday, May 30, and the winners of the series will walk away with way more than just bragging rights. The NBA creates a “players’ pool” each season that’s split among the teams that make the playoffs and finals, and the National Basketball Players Association helps decide how it’s divvied up. This time, the pool is about $22 million, an NBPA representative confirmed to CNBC Make It. Last season, when t
Here’s how much money the winners of this year’s NBA Finals could take home Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: shawn m carter
Keywords: news, cnbc, companies, players, heres, million, season, nba, share, money, nbpa, winners, finals, pool, player


Here's how much money the winners of this year's NBA Finals could take home

The Golden State Warriors and Toronto Raptors face off in game one of the 2019 NBA Finals on Thursday, May 30, and the winners of the series will walk away with way more than just bragging rights.

They’ll take home a nice bonus, too.

The NBA creates a “players’ pool” each season that’s split among the teams that make the playoffs and finals, and the National Basketball Players Association helps decide how it’s divvied up. This time, the pool is about $22 million, an NBPA representative confirmed to CNBC Make It.

Using data from sports website SB Nation, we crunched the numbers to provide our best estimate of how much this year’s champs could get, since the NBPA declined to share those details.

Last season, when the pool was $20 million, the winning team took home around $3.3 million, which broke down to about $220,000 per player for a 15-person roster. So using that logic, and assuming the winners’ share grows by 10%, in line with the pool’s overall increase, the winners this year could take home around $3.6 million, or $240,000 per player.


Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: shawn m carter
Keywords: news, cnbc, companies, players, heres, million, season, nba, share, money, nbpa, winners, finals, pool, player


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I tried this $240 A5 Olive Wagyu steak to see if it’s worth the money

2 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. It did not disappoint.


2 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. It did not disappoint.
I tried this $240 A5 Olive Wagyu steak to see if it’s worth the money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: beatrize bajuelos
Keywords: news, cnbc, companies, 240, wagyu, a5, steak, olive, worth, tried, money, flash, plugin, need, player, latest, view, enabled, site, try, browser


I tried this $240 A5 Olive Wagyu steak to see if it's worth the money

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It did not disappoint.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: beatrize bajuelos
Keywords: news, cnbc, companies, 240, wagyu, a5, steak, olive, worth, tried, money, flash, plugin, need, player, latest, view, enabled, site, try, browser


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