Day: June 21, 2024
Eli Lilly expects FDA decision on weight loss drug Zepbound for sleep apnea as early as end of the year
Eli Lilly on Friday said it applied for U.S. approval of its weight loss drug Zepbound for the treatment of the most common sleep-related breathing disorder and expects regulators to make a decision as early as the end of the year. If cleared by the Food and Drug Administration, the company plans to launch Zepbound for so-called obstructive […]
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FDA OKs first menthol e-cigarettes, citing potential to help adult smokers
The Food and Drug Administration on Friday authorized the first menthol-flavored electronic cigarettes for adult smokers, acknowledging that vaping flavors can reduce the harms of traditional tobacco smoking. The FDA said it authorized four menthol e-cigarettes from Njoy, the vaping brand recently acquired by tobacco giant Altria, which also sells Marlboro cigarettes. The decision lends new […]
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Tesla has downsized by at least 14% this calendar year immediately after Elon Musk stated layoffs would exceed 10%
Elon Musk talking during the Tesla Yearly Shareholder’s assembly in Austin, Texas on June 13th, 2024. Resource: Tesla Inc. Tesla’s hefty downsizing in 2023 has lessened its worldwide headcount to just about 121,000 people today, including temps, internal information counsel, indicating that the automaker has slashed a lot more than 14% of its workforce so […]
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Apple Intelligence will not likely launch in EU this calendar year thanks to antitrust regulation
Tim Cook dinner, chief government officer of Apple Inc., during the Apple Globally Developers Meeting at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024. David Paul Morris | Bloomberg | Getty Pictures Apple explained Friday it will never launch numerous approaching functions unveiled this thirty day period, like its flagship “Apple […]
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The inventory current market is in its longest stretch without the need of a 2% offer-off considering that the economical crisis
Crucial Points The S&P 500 has long gone 377 times without the need of a 2.05% market-off. That is the longest extend for the benchmark given that the wonderful financial disaster, according to FactSet facts compiled by CNBC. This market lull arrives as traders pile into megacap tech shares, this kind of as Nvidia, amid […]
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Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans
Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of […]
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Stocks producing the largest moves midday: Sarepta Therapeutics, Hertz International, Asana and additional
Look at out the businesses creating headlines in midday buying and selling. Sarepta Therapeutics — Shares of the biopharma organization surged 33% just after the U.S. Foods and Drug Administration accepted the expanded use of the firm’s gene therapy Elevidys for Duchenne muscular dystrophy. The Food and drug administration granted standard acceptance of the treatment […]
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Trump Media free of charge slide continues, as DJT inventory slides 6%
Pavlo Gonchar | Lightrocket | Getty Pictures Inventory Chart IconInventory chart icon Trump Media & Technological innovation Team Corp. Stock Selling price Trump Media’s stock rate has whipsawed considering that its general public debut as retail buyers and quick sellers bought and offered the business tied to the controversial presumptive Republican presidential nominee. But the […]
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Nearly $109 million in deposits held for fintech Yotta’s consumers vanished in Synapse collapse, bank suggests
Essential Details Ledgers of the failed fintech middleman Synapse display that approximately all the deposits held for buyers of the banking application Yotta went lacking weeks ago, in accordance to one particular of the creditors concerned. A community of eight banking institutions held $109 million in deposits for Yotta buyers as of April 11, Evolve […]
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Home prices hit record high in May as sales stall
Sales of previously owned homes are sitting at a 30-year low and didn’t move much in May as prices hit a new record and mortgage rates remain high. So-called existing home sales in May were essentially flat, down 0.7% from April to a seasonally adjusted, annualized rate of 4.11 million units, according to the National […]
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