Business

In a recent development, a federal judge in New Jersey has issued a ruling rejecting the legal challenges made by Johnson & Johnson and Bristol Myers Squibb against the Biden administration’s Medicare drug price negotiations. This decision marks a significant win for the Biden administration in its efforts to make medications more affordable for seniors.
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In a move reminiscent of a high-stakes drama on “Succession,” Paramount Global is gearing up to oust CEO Bob Bakish in a strategic maneuver set to reshape the company’s future. This pivotal decision is set to take place on Monday, just before the company announces its earnings post-market close. The objective behind this dramatic move
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The Food and Drug Administration recently approved Pfizer’s treatment for a rare genetic bleeding disorder, marking a significant milestone for the company. This groundbreaking gene therapy, known as Beqvez, is the first of its kind to receive clearance in the United States. The approval opens up new possibilities for adults with moderate to severe hemophilia
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Walgreens recently announced a significant expansion of its specialty pharmacy services by launching a new business unit dedicated to bringing cell and gene therapies directly to U.S. patients. This move comes as chronic diseases continue to rise, necessitating specialized medications that require careful handling and distribution. Impact of Specialty Pharmacies Specialty pharmacies have become a
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PepsiCo recently released its quarterly earnings and revenue, surpassing analysts’ expectations despite facing challenges such as weaker U.S. demand due to recalls and backlash over increased prices. The company reported earnings per share of $1.61, higher than the expected $1.52, and revenue of $18.25 billion, exceeding the anticipated $18.07 billion. Impact of Quaker Oats Recalls
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The U.S. Federal Trade Commission made headlines on Monday by taking legal action to prevent the $8.5 billion merger between Coach and Kate Spade’s parent company, Tapestry, and Capri Holdings. This move serves as a temporary roadblock to a deal that would consolidate six major fashion brands – Tapestry’s Coach, Kate Spade, and Stuart Weitzman,
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