Health care industry
Eli Lilly shares drop as drugmaker cuts revenue guidance on weight loss drug demand
The Eli Lilly & Co. logo at the company’s Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024. Ore Huiying | Bloomberg | Getty Images Eli Lilly cut its revenue guidance on Tuesday as it said demand for its weight loss and diabetes drugs would not meet its lofty expectations. The drugmaker’s […]
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Health care jobs are in demand in 2025 — one of the top roles can pay $385,000
Key Points The health care sector claimed the highest share of top jobs for 2025, according to Indeed. They accounted for five of the top 25 jobs: Physician, clinical psychologist, radiologist, registered nurse and director of clinical services. An aging U.S. population, retirements among workers and low risk of A.I. replacement have led to high […]
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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 […]
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Eli Lilly to buy Scorpion Therapeutics’ cancer therapy for up to $2.5 billion
A sign with the company logo outside the headquarters of Eli Lilly and Company in Indianapolis, Indiana, March 17, 2024. Scott Olson | Getty Images Eli Lilly said on Monday it plans to buy Scorpion Therapeutics’ experimental cancer therapy for up to $2.5 billion in cash to expand its pipeline of cancer treatments. The company […]
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Moderna stock plunges 18% after company 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 […]
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AWS and General Catalyst partner to speed up development of health-care AI tools
Attendees walk through an expo hall at AWS re:Invent, a conference hosted by Amazon Web Services, at the Venetian in Las Vegas on Nov. 28, 2023. Noah Berger | Getty Images Entertainment | Getty Images Amazon Web Services and venture capital firm General Catalyst on Monday announced a new multi-year partnership in their latest push […]
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New AI tool for fighting health insurance denials could save hospitals billions, and help patients
The Waystar team celebrates its IPO at the Nasdaq 2024 Nasdaq, Inc. / Vanja Savic Health-care payments company Waystar on Monday announced a new generative artificial intelligence tool that can help hospitals quickly tackle one of their most costly and tedious responsibilities: fighting insurance denials. Hospitals and health systems spend nearly $20 billion a year […]
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Biden’s last chance to tackle tobacco: Limiting nicotine levels in cigarettes
Unnamed smoker at 4th Street Live in Louisville, KY. Jahi Chikwendiu | The Washington Post | Getty Images In its last few days of power, the Biden administration is expected to officially propose a limit on nicotine in cigarettes. It’d be a last-minute move to push back against the tobacco industry after President Joe Biden […]
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High-cost weight loss drugs are sending employers to nutrition counseling in a boost for startups
Packages of weight loss drugs Wegovy, Ozempic and Mounjaro. Picture Alliance | Getty Images A few years ago, when Virta Health founder and CEO Sami Inkinen approached employers about leveraging the company’s nutrition-oriented digital diabetes program for obesity-related weight loss, most companies weren’t ready to commit. Now, more employers are all in on nutritional counseling […]
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It’s ‘Dry January.’ Here’s how much you can save by not drinking for a month
Ryanjlane | E+ | Getty Images The start of a new year is the most popular time to make a resolution or two. For many, those include giving up alcohol for the first 31 days. This year, 22% of adults are participating in Dry January, five percentage points higher than in previous years, according to a […]
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