The Trump administration promised to drastically cut prescription drugs prices in the US, where the industry makes most of its money.
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A recent trial showed its new 2-for-1 injection was more effective on both illnesses than existing individual shots.
Elliot is calling on the company to replace CEO Bob Jordan, revise its board of directors, and conduct a comprehensive business review.
The EU has a 10% tariff on EVs imported from China, but it could soon increase to 25% or 30%.
The UK and US announced a “historic” trade deal Thursday that does little to reduce Washington’s overall global trade war.
The regulator had banned the company’s e-cigarettes in 2022, but they stayed on store shelves while an appeal process played out.
The world’s largest fast food chain lost its “Big Mac” trademark for chicken sandwiches following a European Union court ruling.
The plaintiffs argue the league made an anti-competitive agreement forcing fans to pay for out-of-market broadcasts in one package.
De Beers, the world’s largest diamond producer, said it plans to shutter its lab-grown jewelry brand LightBox.
Beijing is reportedly unhappy with the prospect of an EU tariff on EVs, and is considering retaliatory tariffs on the EU’s aviation industry.
The industry just boosted its profit forecast for 2024 but warns that return on invested capital hurts the chance for sustainable profits.
One market research firm said even duties in the range of 15%-30% won’t keep most of the country’s carmakers out of Europe.
Netflix is rolling out the first major redesign of its home hub since 2013, hoping people might watch more if inundated with less.
Fast-food chain McDonald’s, an economic indicator because of its mammoth global presence, posted its worst earnings report since 2020.
Novo Nordisk, maker of weight-loss drug Wegovy, struck a deal with online telehealth storefronts that sold cheap knockoffs during shortages.
Reducing beverage-wait times is part of Starbucks CEO Brian Niccol’s turnaround plan, which includes tech updates focused on efficiency.