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The Political Turf Battle Over the Future of Your Prime Rib
Business

The Political Turf Battle Over the Future of Your Prime Rib

The White House must decide whether the Food and Drug Administration or Agriculture Department will oversee the food-company scientists tweaking genes to make animals heat

CVS Reports Stronger Demand
Business

CVS Reports Stronger Demand

The healthcare company said a 10.3% increase in its second-quarter sales was driven by growth in its health benefits business. Source link

Employers Cut Off Access to Weight-Loss Drugs for Workers
Business

Employers Cut Off Access to Weight-Loss Drugs for Workers

Costs are mounting for popular drugs such as Wegovy, a cousin of Ozempic, and healthcare plans are restricting coverage to save money. Source link

Venture Capitalist Seeks to Spur Drug Development for Rare Autoimmune Disease
Business

Venture Capitalist Seeks to Spur Drug Development for Rare Autoimmune Disease

Venture capitalist Luke Evnin has financed several successful biotechnology startups that develop treatments for cancer. Now he is encouraging drugmakers to tackle another disease: a rare autoimmune condition that

Pfizer Misses Revenue Expectations, Bets on Drug Launches to Ease Shortfall
Business

Pfizer Misses Revenue Expectations, Bets on Drug Launches to Ease Shortfall

The company is rolling out 19 products or new uses within 18 months, CEO Albert Bourla said. Source link

CVS to Shed 5,000 Jobs in Cost-Cutting Push
Business

CVS to Shed 5,000 Jobs in Cost-Cutting Push

The healthcare giant wants to trim corporate roles and spending on travel and its use of consultants. Source link

Apple, Amazon, Starbucks to Report in Packed Earnings Week
Business

Apple, Amazon, Starbucks to Report in Packed Earnings Week

Earnings reports also from Uber Technologies, Pfizer and Kraft Heinz are expected to shed light on how consumer spending is holding up amid rising interest

Biogen to Buy Reata in $7.3 Billion Deal
Business

Biogen to Buy Reata in $7.3 Billion Deal

The deal would bolster the biotech company’s portfolio of treatments for neuromuscular and rare diseases. Source link