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Facebook Bowed to White House Pressure, Removed Covid Posts
Business

Facebook Bowed to White House Pressure, Removed Covid Posts

Internal Meta emails say pressure from Washington was behind a decision to take down posts attributing the pandemic to a man-made virus. Source link

U.K. Reviews Safety of Ozempic, Other Weight-Loss Drugs
Business

U.K. Reviews Safety of Ozempic, Other Weight-Loss Drugs

Drug regulators said they have received several reports of suspected suicidal and self-injurious behavior in patients taking the drugs. Source link

Biogen to Cut Roughly 11% of Workforce
Business

Biogen to Cut Roughly 11% of Workforce

The biotech cited the launch of Alzheimer’s drug Leqembi as part of its new focus on big-return products. Source link

Chinese Consumers Pinch Pennies on Staples as Pandemic Habits Linger
Business

Chinese Consumers Pinch Pennies on Staples as Pandemic Habits Linger

The average selling prices of toothbrushes, infant formula and makeup are declining as businesses adapt to circumstances. Source link

Europeans Are Becoming Poorer. ‘Yes, We’re All Worse Off.’
Business

Europeans Are Becoming Poorer. ‘Yes, We’re All Worse Off.’

July 17, 2023 12:00 am ET Listen to article (2 minutes) Europeans are facing a new economic reality, one they haven’t experienced in decades. They

China's Economy Barely Grows as Recovery Fades
Business

China's Economy Barely Grows as Recovery Fades

China’s economy barely grew in the second quarter from the first and youth unemployment hit a record high in June, evidence of a fading recovery

Can Tracking Your Moods Make You Happier?
Business

Can Tracking Your Moods Make You Happier?

Apple is pushing into mental health with an emotion gauge for iPhone and Apple Watch. Source link

Drugs Like Ozempic Created a Gold Rush. These Drugmakers Want In.
Business

Drugs Like Ozempic Created a Gold Rush. These Drugmakers Want In.

Companies developing weight-loss drugs have raised or made deals valued at more than $1.4 billion since about a year ago. Source link

Eli Lilly to Acquire  Versanis Bio, Maker of Obesity Treatment
Business

Eli Lilly to Acquire Versanis Bio, Maker of Obesity Treatment

Versanis shareholders could receive as much as $1.925 billion in cash, which will consist of an upfront payment and additional payments if certain milestones are