Health care industry
Merck bets on flu prevention with about $9.2 billion deal for Cidara Therapeutics
Exterior view of the entrance to Merck headquarters on February 05, 2024 in Rahway, New Jersey. Spencer Platt | Getty Images Merck will acquire Cidara Therapeutics in a nearly $9.2 billion deal, the companies said on Friday, gaining access to an experimental drug for flu prevention. Merck is looking to diversify its revenue beyond Keytruda […]
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Congressional hemp restrictions threaten $28 billion industry, sending companies scrambling
The hemp industry is bracing for layoffs, production reductions and billions in lost revenue after Congress passed a government funding bill late Wednesday containing a surprise provision that will ban nearly all hemp-derived consumer products. Hemp, a derivative of the cannabis plant, was legalized in the 2018 Farm Bill for industrial uses like rope, textiles […]
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WeightWatchers to offer Novo Nordisk’s Wegovy pill after 2026 launch
Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025. Shelby Knowles | Bloomberg | Getty Images WeightWatchers’ CEO said on Wednesday it plans to offer Novo Nordisk’s much-anticipated Wegovy in pill form if it is launched next year in the United States, deepening its tie-up with the Danish obesity drugmaker. The […]
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Cheaper medicines, free beach trips: U.S. health plans tap prescriptions that feds say are illegal
Every step is a struggle for Bruce Zimmerman, whose health has been deteriorating since he was diagnosed with multiple sclerosis eight years ago. In 2019, Zimmerman said, his then-employer offered him an opportunity that sounded irresistible: He and his wife, Becky, could take all-expense-paid trips to the Cayman Islands and the Bahamas to retrieve the medication […]
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Healthy Returns: Novo Nordisk boosts the case for its upcoming obesity pill with additional data
A view shows a Novo Nordisk sign outside its office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, on July 14, 2025. Tom Little | Reuters A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. All […]
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Rocket Lab rises 5% on record third-quarter revenue, launch backlog
Rocket Lab‘s stock rose as much as 5% on Tuesday after the space company posted record revenues in the third-quarter as it scoops up more launch deals and builds its backlog. The company, which makes satellites and rockets and provides launch services to its customers, on Monday reported revenue of $155 million for the period. […]
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Senate majority leader says a potential shutdown deal is coming together but there’s no guarantee of success
Senate Majority Leader John Thune (R-S.D.) speaks to reporters during the Weekly Senate Policy Luncheon news conference on November 4, 2025 on Capitol Hill in Washington, DC. Tom Brenner | Getty Images As the Senate held a rare Sunday session, the Republican leader said a potential deal was “coming together” on the government shutdown but […]
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Talks to end government shutdown take a promising turn, Senate majority leader says
U.S. Senate Majority Leader John Thune (R-SD) speaks to reporters outside his office on the fourteenth day of the U.S. government shutdown on Capitol Hill in Washington, D.C., U.S., Oct. 14, 2025. Elizabeth Frantz | Reuters Bipartisan talks in the U.S. Senate to end the government shutdown have taken a positive turn, Senate Majority Leader […]
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Trump tells Senate Republicans to send federal health insurance money ‘directly to the people’
U.S. President Donald Trump gestures as he speaks during an event to announce a deal with Eli Lilly and Novo Nordisk to reduce the prices of GLP-1 weight‑loss drugs, in the Oval Office at the White House in Washington, D.C., U.S., November 6, 2025. Jonathan Ernst | Reuters President Donald Trump proposed a compromise on […]
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Too early to bet against AI trade, State Street suggests
ETF Edge Too early to bet against AI trade, State Street suggests Published Sat, Nov 8 202511:00 AM EST Blair Bao WATCH LIVE Source
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