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Eli Lilly CEO expects new weight loss pill to be approved next year

David Ricks, CEO, Eli Lilly Scott Mlyn | CNBC Eli Lilly expects its experimental weight loss pill will get approved as soon as early next year, CEO David Ricks told Bloomberg TV on Monday. The company is set to release key late-stage trial data on the drug, orforglipron, by the middle of this year. Eli […]

Moderna lowers 2025 sales forecast by $1 billion

The Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024.  Adam Glanzman | Bloomberg | Getty Images Moderna on Monday lowered its 2025 sales guidance by roughly $1 billion due to a few potential headwinds later this year, as the biotech company continues to cut costs and expand its portfolio. Moderna now […]

Netflix and Comcast among companies donating to LA wildfire relief

Evacuees from the Eaton Fire dwell among heaps of clothes displayed on the ground at a donation center in Santa Anita Park, Arcadia, California, on Jan. 13, 2025. Etienne Laurent | AFP | Getty Images As Los Angeles continues to battle wildfires that have destroyed parts of the city and killed at least 24 people, […]

Comcast, Harris Blitzer to build NBA, NHL stadium in South Philadelphia

Joe Daniel Price | Moment | Getty Images Harris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the NBA’s 76ers and the NHL’s Flyers. The deal represents a reversal from previous plans to build an arena in the Center City district […]

Lululemon, Abercrombie, American Eagle release early 2024 holiday sales

ORLANDO, Fla. — Lululemon and Abercrombie & Fitch raised their fourth-quarter outlooks on Monday after seeing a strong response from shoppers during the all-important holiday season.  Lululemon’s new outlook went over well with investors, leading shares to rise about 2% in premarket trading. But Abercrombie shares dropped about 9% as investors wonder if its rapid […]

Source: CurrencyRate