Business news in brief
By The Associated Press
Trader Joe’s that went viral on TikTok now reselling for hundreds
NEW YORK | Trader Joe’s mini canvas tote is the latest item to cause a stir on social media, so much so that resellers are taking advantage of the hype.
The mini totes are offered in four colors — blue, red, green, and yellow — and they are all in high demand. The bags, retailing for $2.99, are now advertised on platforms like eBay and Facebook Marketplace for many times their original price.
Offers from third-party sellers range significantly, but as of Wednesday, listings ranged from about $20 for a single bag to as high as $999 for a set of four.
Yeezy shoe sales lead Adidas to $150M in donations to anti-hate groups
LONDON | Adidas says it’s donated or is planning to give away more than $150 million to groups fighting antisemitism and other forms of hate from the sales of Yeezy shoes last year.
The German sportswear brand reported the amount Wednesday after severing ties in 2022 with Ye, the rapper formerly known as Kanye West, over his antisemitic and other offensive comments. Adidas has sold some of the remaining shoes in two releases last year and another late last month.
Of roughly $328 million in profits earned from the sales of Yeezy shoes last year, Adidas says it had given away or planned to donate about $152 million to anti-hate groups like the Anti-Defamation League.
Health care hack now being investigated by Office of Civil Rights
Federal civil rights investigators are looking into whether protected health information was exposed in the recent cyberattack on Change Healthcare. The Office for Civil Rights says it’s also examining whether Change Healthcare followed laws protecting patient privacy.
Change Healthcare provides technology used to submit and process insurance claims and handles about 14 billion transactions a year. UnitedHealth Group owns Change Healthcare and says it’ll cooperate.
Attackers gained access to some of Change Healthcare’s information technology systems last month, disrupting billing and care-authorization systems across the country.
—From AP reports
