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
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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
Despite recent safety issues that have plagued the aviation industry, airline executives are reporting a continued strong demand for flights. United Airlines, along with other major carriers, are anticipating record numbers of travelers this summer. This trend is evident in the record-breaking sales days that have been observed this year. The aviation industry has faced
Republican governors from six states in the US have recently taken a stand against the United Auto Workers’ (UAW) efforts to organize automotive factories in the South. The governors of Alabama, Georgia, Mississippi, South Carolina, Tennessee, and Texas have jointly condemned the union’s push, citing concerns about potential layoffs and decreased future investments. This statement
Boeing has recently come under scrutiny following allegations made by one of its engineers, Sam Salehpour, regarding the quality and safety of its 787 Dreamliner and 777 aircraft. Salehpour claimed that Boeing took “shortcuts” in production that could potentially compromise the safety and lifespans of the planes. These accusations have raised concerns about Boeing’s safety
When it comes to electric vehicle (EV) adoption in the United States, Hawaii is often overlooked as a leader in this transition. Despite its small size and remote location, Hawaii has emerged as a frontrunner in the shift towards all-electric vehicles, with 11.9% of new retail vehicles sold through February being EVs. This places Hawaii
The shocking revelation that former translator Ippei Mizuhara allegedly stole more than $16 million from baseball star Shohei Ohtani has sent ripples through the sports world. The U.S. attorney’s office announced the criminal complaint against Mizuhara, accusing him of bank fraud. This revelation not only tarnishes Mizuhara’s reputation but also raises questions about the security
Ford Motor’s decision to lower the starting prices of some all-electric F-150 Lightning pickup trucks comes as a surprise to many. The automaker faced quality issues that led to a halt in shipments in early February. However, the company is now preparing to resume shipping these vehicles later this month at reduced prices. The models