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.
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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.
European Union defends US trade deal in face of mounting business criticism
The pact removes a major risk for markets and the global economy, given the transatlantic partners did $2 trillion worth of cross-border commerce in 2024.
Trump floats giving Americans rebate checks from tariff revenue
U.S. revenue from customs duties this fiscal year surpassed $100 billion for the first time, highlighting the higher tariffs Trump has levied in his bid to reshape global trade flows and bring more manufacturing to the U.S.
Lilly gets limited European backing for Alzheimer’s drug
Lilly previously secured approval for Kisunla in the U.S., Japan and the U.K.
White House unveils AI policy vision meant to spur US development
The blueprint seeks to make American technology the foundation for AI worldwide while enacting security measures to keep adversaries like China from gaining an edge.