Amgen's stock saw a significant increase of over 12% after revealing positive initial data on its innovative weight loss injection, MariTide. This announcement sparked concerns among investors regarding new competition in the rapidly expanding weight loss drug market. The news led to a decline in the stock prices of Novo Nordisk and Eli Lilly, key
Business
Wayfair recently announced its first-quarter results, showcasing a decrease in sales but a significant reduction in losses. The online furniture retailer managed to beat Wall Street's expectations, proving to be a positive sign for the company. Despite challenges faced by the industry, Wayfair was able to grow its active customer base and make strategic cost
Recently, Johnson & Johnson announced a settlement of $6.5 billion to resolve almost all of the lawsuits filed against the company in the U.S. concerning ovarian cancer caused by its talc-based products. This settlement has been a long time coming, as the legal battles have been ongoing for decades, causing financial and public relations difficulties
“Roundball Rock,” composed by John Tesh, is considered one of the greatest theme songs for TV sports, particularly for National Basketball Association games on NBC. The nostalgic association that NBA fans have with this tune is unparalleled, as it brings back memories of an era defined by Michael Jordan's dominance, the Chicago Bulls' success, and
The Federal Trade Commission has taken a bold step in challenging hundreds of alleged “junk” patents held by pharmaceutical companies for 20 brand-name drugs. These companies, including Novo Nordisk, AstraZeneca, Boehringer Ingelheim, and others, have been warned about improperly listed drug patents, particularly for medications related to Type 2 diabetes, asthma, and COPD. The practice
In a bold move to adapt to the changing landscape of television viewing habits, SportsNet Pittsburgh has announced the launch of SNP 360, a direct-to-consumer streaming service that will cater to fans of the Pirates and Penguins. As more and more viewers veer away from traditional cable subscriptions, regional sports networks are facing a difficult
The Food and Drug Administration's recent announcement approving Pfizer's treatment for hemophilia B marks a significant milestone in the field of gene therapy. The drug, known as Beqvez, is the first gene therapy from Pfizer to receive clearance in the U.S., offering new hope for adults with moderate to severe hemophilia B. Beqvez is a
Walgreens recently announced its plans to partner directly with drugmakers to provide cell and gene therapies to patients in the United States. This initiative is part of a broader expansion of the company's specialty pharmacy services. The establishment of a new business unit dedicated to the specialty pharmacy segment, which includes AllianceRx as a subsidiary,
The recent approval of Wegovy for heart health in the U.S. has opened up coverage opportunities for more than 3 million people with Medicare, according to a recent analysis from KFF. This means that beneficiaries who are obese or overweight, have a history of heart disease, and are specifically prescribed the weekly injection to reduce
PepsiCo recently reported its quarterly earnings and revenue, exceeding analysts' expectations. However, the company faced challenges due to weaker U.S. demand caused by various factors such as Quaker Oats recalls and backlash to higher prices for its products. Despite the overall positive results, PepsiCo experienced a drop in its share price, reflecting investor concerns. Let's
The U.S. Federal Trade Commission took legal action on Monday to prevent the acquisition of Capri Holdings by Coach and Kate Spade's parent company, Tapestry. This move by regulators has put a temporary halt to a deal that would join two significant names in American luxury retail and consolidate six fashion brands under one company.
The recent overwhelming vote by Volkswagen workers in Chattanooga, Tennessee, to join the United Auto Workers (UAW) marks a significant milestone for the union. With 73% of the vote in support of the union, this successful organizing drive stands out as the first of its kind outside of Detroit's Big Three automakers. The National Labor
Lululemon, the popular athletic apparel retailer, has made the decision to close its distribution center in Sumner, Washington, and lay off 128 employees. This move comes after the company opened a new massive warehouse outside of Los Angeles. The closure is part of Lululemon's growth strategy, which includes evaluating its distribution network to meet the
Netflix has announced a major change in its financial reporting strategy, stating that it will no longer provide quarterly membership numbers or average revenue per user starting next year. This decision comes as the company reported earnings that exceeded expectations on both the top and bottom lines. While total memberships rose by 16% in the