Progressive Care Inc (QB) (RXMD) News

This should help NexPlat and RXMD.

Alibaba’s Tmall waives annual service fee, while Taobao relaxes ‘refund only’ policy
From September 1, Tmall will waive the annual software service fee it charges merchants
Saturday, 27 July 2024, 7:00:AM
Chinese e-commerce giant Alibaba Group Holding is waiving the annual service fee for merchants on Tmall and loosening its “refund only” policy to reward sellers with good track record on Taobao.
Tmall, home to mainly established brands and sellers, from September 1 will waive its annual software service fee that used to range from 30,000 yuan (US$4,145) to 60,000 yuan for merchants in various categories, Alibaba’s main e-commerce unit Taobao and Tmall Group (TTG) announced on Friday. Alibaba owns the South China Morning Post.
Existing Tmall sellers that paid the service fee in advance will receive a refund, while new merchants joining the platform after September will be exempt.
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In a separate announcement, Taobao said that its refund-only policy will be optimised to provide merchants with good track record on the marketplace more autonomy in handling refund requests from customers.
For merchants with an experience rating of 4.8 and above, Taobao said it will not intervene proactively to support consumers’ requests for refunds. Instead, it will encourage the buyer and seller to negotiate, according to the TTG statement. For stores with lower ratings, Taobao said it will give them autonomy in varying degrees.
Taobao and Chinese rival JD.com offered the refund-only policy in December, following an option that budget online retailer Pinduoduo has had in place since 2021. The policy allows shoppers to receive a refund for a product they are unhappy with, without having to return it. This arrangement has since sparked concern among some sellers about potential abuse of the terms.
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While that policy has safeguarded consumer rights, it has also been exploited by some freebie seekers who have “harmed the legitimate rights of businesses”, TGG said.
Taobao’s latest move aims “to create a more positive and healthy e-commerce ecosystem by ensuring consumer rights and improving business environment at the same time”, TTG said.
These initiatives by TTG reflect the group’s efforts to boost support for merchants amid increased competition from main domestic rival JD.com and the challenge from younger platforms such as PDD Holdings’ Pinduoduo and ByteDance-owned Douyin.
Earlier this year, TTG introduced artificial intelligence tools and functions for merchants to help improve services and attract new customers.
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Alibaba
Read more
Alibaba puts Olympics on the cloud, adding AI services while taking over for satellite
One of China’s ‘AI tigers’ raises another US$700 million from Big Tech
ByteDance-owned Douyin said to miss first-half e-commerce sales target
Alibaba, Tencent quickly adopt Meta’s Llama 3.1 AI model amid excitement
Alibaba bets on Taobao, Tmall clothing retailers to go up against Shein, Temu
Copyright © 2024 South China Morning Post Publishers Ltd. All rights reserved.

You too turbo

Enjoy the weekend everyone

What's this Amit CEO of IHUB all about? lol

Me too RIO.

Piece Of Crap 💩

POC? Freudian slip?

That's exactly why I named him Twister, he lies he twists he's a POC!!!!

It sure didn't take him long to figure out what an untruthful rat scammer twister you are.
No wonder you put him on ignore. Hell I gave him a thumbs up and a follow.

Straight up, this thing hasn’t gone straight up in years

A hater??? lol!! Just calling you out for not being truthful again. So now you got 1700 shares not 1500 and you sold them for $1.66 not $1.68. Quite a difference from your original post. By the way there were not 1500 or 1700 shares sold in 100 share blocks @ $1.66.

My bad, fat fingers.... was $1.66, MMs broke it up into multiple blocks of 100 shares. Didn't look at tape until now.

Don't be such a hater Gedi, when I saw my alert for $1.25 or lower I threw up a buy for 2k but only got 1700.

Sorry you're still in the red, this is only good for flippin now. Two years of Silent Fernandez screwed all long term stakeholders.

There was not 1500 shares sold at $1.68 today, only 1,100 shares bought at $1.68. Further there was not a single trade showing a 1,500 share buy at .85 as you claim. Nice try.

Twister, you're full of bullshit!!! Liar!!!

Easy flippin' today, took 1500 @ .085 sold an hour later @ 1.68... thanks RXMD cash machine. 👍

With the volatility being seen lately, it most definitely helps to set alerts so you can grab some cheap shares and shove em back into Fernandez's incompetent lap.

RXMD is losing another competitor.

‘A difficult decision’: Walmart to shutter all US health care services and hunker down on inflation-fueled growth in grocery business — what this means for consumers
The closures mark a major U-turn for the big-box retailer.
Jul 24, 2024
Inflation is proving to be a curse and a blessing for big-box retailer Walmart (WMT).
On April 30, the chain announced that it plans to close all of its health centers and shut down its virtual care services due to “the challenging reimbursement environment and escalating operating costs.”
Walmart described the move as “a difficult decision” but stated the “lack of profitability” has made the healthcare business “unsustainable… at this time.”
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But those same cost pressures nipping Walmart’s fledgling healthcare business in the bud have proven a boon to the retail giant’s grocery business.
On the same day it announced the end of Walmart Health, the retailer set in motion its largest private brand food launch in 20 years — capitalizing on inflation-fueled growth in its grocery business to introduce Bettergoods to the market. Here's what that means for consumers.
Killer health care costs
Walmart launched Walmart Health in 2019 with the mission of improving health care affordability and accessibility.
In its five-year lifespan, the health business has opened 51 health centers across five states: Arkansas, Florida, Georgia, Illinois and Texas. To complement those brick-and-mortar locations, it also acquired telehealth provider MeMD for an undisclosed amount in 2021.
However, in light of Walmart's recent news, healthcare startup Fabric (formerly known as Florence) inked a deal in June to aquire the rights to MeMD.
It is not clear exactly when each clinic location will shutter, but insiders told CNBC they expect the closures to occur in the next 45 to 90 days. However, the closures will not stretch to Walmart’s nearly 4,600 pharmacies and more than 3,000 vision centers across the country.
This news is a major U-turn from a Walmart Health announcement in March, when Dr. David Carmouche, senior vice president of Omnichannel Care, said the unit “will be growing in a big way” in 2024 — with plans to open 28 new Walmart Health center locations, including in two new states: Missouri and Arizona.
One reason why Walmart is exiting this business is the “challenging reimbursement environment.” This revolves around the rising cost of healthcare in the U.S., which has ticked up for the past several decades due to three main factors, according to a 2023 study by the Peter G. Peterson Foundation: population growth, population aging, and rising prices for healthcare products and services.
A 2023 article by Boston Consulting Group stated that healthcare providers “need further substantial reimbursement increases from insurers to offset the double-digit cost jumps and structural economic challenges faced by health systems.”
In other words, the government (through Medicare, Medicaid, the Children’s Health Insurance Program (CHIP) and subsidized Affordable Care Act (ACA) marketplace plans) and private health insurers would have to raise their rates (how much they charge for insurance) to cover health services so that businesses like Walmart Health could turn a profit.
With that necessity proving unlikely in the near future, the retail giant made the “difficult decision” to shut up shop.
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Booming grocery business
When one door closes, another opens — at least that’s the case for Walmart. The big-box retailer is debuting a new grocery brand, Bettergoods, which it describes as “a new elevated experience that delivers quality, unique, chef-inspired food at an incredible value.”
The new brand includes 300 items spanning frozen goods, dairy, snacks, beverages, pasta, soups, coffee, chocolate and more — all costing less than $15, with most products available for under $5.
According to a CNBC analysis, this marks a major effort from Walmart — the country’s largest grocer by revenue — to retain the shoppers it has attracted during a period of high inflation.
In 2023, food prices increased by 5.8%, per USDA data. While that was an improvement from the prior year’s 9.9%, the cost of groceries is still proving a major pain point for U.S. consumers — and a big boon for the nation’s grocers.
In its most recent fiscal year, ending January 2024, Walmart’s net sales for groceries in the U.S. rose nearly 7% year over year to $264.2 billion.
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Thanks for sharing TD.

Looks like the RXMD Telegram channel is now locked. There’s been no activity other there for several months now though.

Who

One individual has enough and sold out. Said he took a $60-70k loss. Thats where is came from

They already added rx to their Q’s. The price isn’t going up at Nxpl after the purchase/merger until another net profit generating company is purchased or the net profit becomes substantial from rx.

Hopefully the S-4 gets rejected. Absolutely horrendous deal for RXMD shareholders.

We saw this a few months back, ripped lower only to go straight back up.

Did someone get margin called? Bored? If the S-4 gets turned down for some reason I would think there would be a higher offer. No reason for the stock to go lower. If you waited this long, why sell now?

Wish I got some of those .85s

Huge bargain. Nice pickup.

Yes makes no sense, was able to pick up another 1000 at $1.25. Bargain when NXPL price is at $1.20.

Crazy morning here

Good good

Gotcha 👍

Garrox my understanding is on or before the end of next week we should see S4 become effective.

My pleasure Turbo.

Thanks Gedi

Definitely had our fair share of rain, and no end in sight.

Q3 …so by September end

Im midwest, Chicago suburbs. It rained a lot last week. Rained today in the evening, briefly, but violently. I love rain so I can never get enough of it.

Are you getting enough rain on the East Coast? Here in Sacramento, CA we topped out at 108 degrees and no rain.

Was August the expected finalization of the merger?

It sure is. Can’t wait til the company is able to provide us with some sort of update

That’s an awefully big spread. Quiet period for SEC should end this week.

Yep. That was me garrox. I wanted to see what they would sell them to me for. I tried to buy on the ask the MMs sold them for .04 cents cheaper.

100 shares moved this stock up 42%.

That's right James

Also Frost invested a lot of money in NXPL.

Im a dreamer, I dream my life away

Fernandez and Frost are buddies. They have and are working together. Perhaps Fernandez follows suit.

Pipe dream

I have said before I think once merger is done then NXPL will announce a buyback of shares.

OPKO announces Share buyback program. Reasoning: Shares are heavily under valued. Very interesting.... Who stated that a share buyback was discussed by RXMD?

https://finance.yahoo.com/news/opko-health-announces-100-million-120000334.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJBnutUZUCH7ULu1ltl-J7DO-TehUpmCb8yu8HuQ7N_Kfb8QmUewYSB2T76xN1N37KAwscSwd7tP03JZq_nsfG9vR-FM3t8oI2ZoQsy2mA972KgM6MUJLidktQda6O1Mo4IY_AkB8LpAAWV7ETdTjTIvCU9f0DEY5buDG1y56xEv

Cheer up Charlie