Pfizer has recently announced its decision to move forward with the development of a once-daily version of its weight loss pill, danuglipron. This decision comes after the company observed “encouraging” data in an ongoing early-stage study. After evaluating several once-daily formulations of the drug, Pfizer identified one that had “the most favorable profile” in terms
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PepsiCo recently reported its quarterly results, which showed a mixed performance particularly in North America. The company faced challenges due to declining demand for its drinks and snacks in the region. Despite this, PepsiCo narrowed its revenue outlook for the full year, expecting organic revenue growth of approximately 4%, which is lower than its previous
Sportsbooks and daily fantasy operators are gearing up for what is expected to be a significant bump in activity during the upcoming Summer Olympics in Paris. This major international sporting event, scheduled to kick off on July 26, will be the first Olympics to take place since the widespread legalization of gambling in the United
China’s endeavor to develop robotaxis has gained momentum, prompting concerns among taxi drivers about their job security in a competitive market. While major players like GM’s Cruise and Alphabet’s Waymo have introduced driverless taxis in the U.S., Chinese cities such as Beijing and Guangzhou have embraced local robotaxi services. The recent surge in popularity of
Wall Street is abuzz with the anticipation of the launch of a new batch of cryptocurrency exchange-traded funds that focus on ethereum. This new development comes as spot ether ETFs are expected to make their market debut in the upcoming week, subject to approval from the U.S. Securities and Exchange Commission. Bitwise Asset Management’s Chief
In a recent announcement, Costco revealed that it will be increasing its membership fees in the U.S. and Canada as of September 1. This change will see annual memberships rise from $60 to $65, while the higher-tier “Executive Membership” will jump from $120 to $130 per year. This decision will affect approximately 52 million memberships,
The Federal Trade Commission is reportedly gearing up to file lawsuits against three major U.S. health companies for their practices as intermediaries negotiating medication prices, particularly for insulin. These companies include UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts. The FTC argues that these practices lead to inflated costs for patients, impacting
As the presidential election between President Joe Biden and former President Donald Trump approaches, many investors are feeling anxious about the potential impact on their money. A survey conducted by investment company Betterment found that 57% of investors are nervous about the upcoming election, with 40% expecting to make changes to their investments based on
The financial challenges faced by Generation Z are becoming increasingly apparent in today’s society. According to a recent report from Bank of America, nearly half of Gen Zers between 18 and 27 are relying on financial assistance from their families. This reliance is driven by the high cost of living, with 52% of young adults
Given the current economic climate, travelers from the United States could be in for some challenges if the U.S. Federal Reserve decides to reduce interest rates by the end of the year. Interest rate policy plays a significant role in determining the strength of the U.S. dollar, which has direct implications on the purchasing power