Lilly’s GLP-1 pill beats older Novo diabetes drug in head-to-head trial
Eli Lilly and Co. and Novo Nordisk have been locked in a fierce battle to control the obesity market, which is projected to reach $100 billion by the end of the decade.
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Trump says US should do away with quarterly earnings reports
The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.
Tech stocks are doing so well investors are starting to worry
Investors are betting on optimism regarding artificial intelligence and Federal Reserve interest-rate cuts to keep technology stocks moving higher.
World Health Organization adds Mounjaro to its list of essential medicines
The recommendation applies to a range of GLP-1 drugs that also includes Novo Nordisk’s Ozempic and Lilly’s older diabetes treatment, Trulicity.
US manufacturing activity contracts for 6th straight month
At the same time, there were a few hopeful signs about the outlook. Orders expanded for the first time since the start of the year.
Mounjaro price hike fuels UK pharmacy battle to retain customers
Eli Lilly and Co. announced this month it would raise the weight-loss treatment’s price by as much as 170%, presenting pharmacies with a dilemma about how much they would pass on to patients.
Dealmakers top $1T in M&A in busiest August since 2021
The summer surge shows how dealmakers have continued their strong recovery from what was a disappointing start to the year.
Lilly’s weight-loss pill moves ahead after pivotal trial
The company’s shares rose as much as 4.3% Tuesday after Eli Lilly announced the trial results for orforglipron.
To keep up with growing car prices, many borrowers turn to 7-year loans
Six-year loans, at one time considered the upper end of the range, are now the most common, accounting for 36.1% of loans in the second quarter.
Stricter return-to-office policies are boosting growth for caterers
Tighter in-office mandates and the high cost of eating out are driving more workers to corporate cafeterias, where upgraded amenities and better food are used to lure staff back.
TJ Maxx parent tops expectations as bargain goods still sell
The TJ Maxx, Marshalls, HomeGoods and Sierra parent has been aggressively snapping up excess merchandise from brands looking to clear out piles of unsold goods.
Finance industry seeks overhaul of global crypto rules for banks
The rules, which include steep capital surcharges for banks that hold cryptocurrencies, were agreed upon in 2022 against a backdrop of crypto market upheaval and a string of scandals.
Ireland’s exports to US plunge after tariff-induced surge, likely related to pharma stockpiling
Indianapolis-based Eli Lilly and Co. has operated in Ireland since the late 1970s and has more than 3,500 employees there.
Lilly hikes obesity shot price in UK as Trump pressures drugmakers
Trump sent letters to 17 of the world’s largest drugmakers earlier this month, including Lilly and Novo Nordisk A/S, insisting they lower what they charge Medicaid in the U.S. for existing drugs.
Firm tied to Trump Jr. debuts direct sales product for pharma companies
Eli Lilly and Co. has already launched LillyDirect service, which CEO David Ricks says jibes with the administration’s demand for direct sales. Lilly is working with Truepill and Amazon.com Inc.’s pharmacy unit on its platform.
United Airlines working to restore flights after software outage
The airline said a software outage temporarily grounded planes across the United States and delayed or canceled more than 1,300 flights.
Amazon to cut Wondery staff, reorganize audio business
The moves are an acknowledgement that Amazon’s big push into podcasts hasn’t worked out as planned.
Lilly’s Mounjaro gets mixed results in extensive study vs. Trulicity
A trial of Eli Lilly and Co.’s blockbuster diabetes drug Mounjaro fell short of expectations in one aspect, but the results showed enough cardio benefits to eventually encourage investors.
Roche to test whether new drug can prevent Alzheimer’s
The new late-stage study will focus on people who are at risk of cognitive decline.
Searing heat threatens power grids, health over nearly half the United States
Heat advisories and extreme heat warnings stretch from Nebraska to Long Island and from New Hampshire to northeast Texas.