FDA says Wegovy and Ozempic shortage resolved; Hims & Hers stock falls
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy. Hollie Adams | Reuters The long-running U.S. shortage of Novo Nordisk‘s blockbuster weight loss injection Wegovy and diabetes treatment Ozempic is resolved after more than two years, the U.S. Food and Drug Administration said Friday. The FDA’s decision will threaten the […]
Bluebird Bio gene therapy sells itself to Carlyle and SK Capital
Sopa Images | Lightrocket | Getty Images Bluebird Bio will sell itself to private equity firms Carlyle and SK Capital for about $30 million, the company said Friday, marking the end of the Bluebird’s fall from the one of the buzziest biotech firms to one that was on the cusp of running out of money. […]
Consumer sentiment sours as worries grow over outlook for U.S. economy
Confidence dropped 10% from January to the lowest level since late 2023.
Home sales drop sharply in January as prices hit high
A “For Sale” sign on a house in Philadelphia, Pennsylvania, US, on Friday, Aug. 16, 2024. Joe Lamberti | Bloomberg | Getty Images The U.S. housing market continues to weaken, as potential buyers face stubbornly high mortgage rates, high prices and limited supply of listings. Sales of previously-owned homes fell 4.9% in January from the […]
Eli Lilly Dan Skovronsky discusses weight loss drugs
Dan Skovronsky knows what makes a good obesity drug. As chief scientific officer at Eli Lilly, he’s already done it once with the company’s weekly shot, Zepbound. He’s trying to do it again with a more convenient daily pill, then repeat the feat with a shot that could be even more powerful than Zepbound. And […]
Home buyers are getting relief from lower mortgage rates. But these phantom costs could sneak up on them.
Mortgage rates are down to a nearly three-month low. But if you’re thinking of buying a home, beware of these hidden costs.
Amazon wins creative control of James Bond franchise from Broccoli family
Daniel Craig stars as James Bond in “No Time To Die.” Source: MGM Amazon is set to take creative control over the lucrative James Bond movie franchise from the Broccoli family, the company announced Thursday. The James Bond films have long been produced by Michael Wilson and Barbara Broccoli, who inherited the control from their […]
Why Walmart’s warning may have more to do with weight-loss drugs than tariffs
Walmart’s stock fell Thursday as quarterly earnings were expected to decline for the first time in three years, with strength in groceries and GLP-1 drug sales continuing to pressure margins.
Hasbro (HAS) earnings Q4 2024
Toy and gaming giant Hasbro took an optimistic tone Thursday on the potential effect of Chinese tariffs on its business, as executives said the company is shifting manufacturing away from China. Hasbro Chief Financial Officer Gina Goetter said on the company’s fourth-quarter earnings call that the toymaker’s 2025 guidance — which includes adjusted EBITDA of […]
‘She acted as a mother to me growing up’: My stepmother remarried after my father died — and I’m left out in the cold. How can I claim my inheritance?
“Her intention is to bequeath her properties and investments to her current new husband.”
