LONDON – GSK plc (LSE/NYSE: GSK) announced that it has entered into an agreement with the U.S. Administration to lower the cost of prescription medicines for American patients, including GSK’s broad respiratory portfolio which is used to treat the more than 40 million Americans who suffer from respiratory conditions such as asthma and COPD. The…
COPENHAGEN – Danish drugmaker Novo Nordisk said on Monday it has cut U.S. consumer prices for its weight-loss drug Wegovy and diabetes treatment Ozempic, expanding efforts by the company and the Trump administration to improve access to the blockbuster medicines. The company is reducing the monthly cost for most cash-paying patients to $349 from $499….
SAN FRANCISCO — Ripple, the digital assets and infrastructure firm closely associated with the cryptocurrency XRP, said Wednesday it has raised $500 million in new funding, lifting its valuation to $40 billion as it accelerates expansion beyond payments and deepens ties with institutional finance. The funding round was led by affiliates of Fortress Investment Group…
The manufacturing facility is expected to create 3,600 jobs WILMINGTON: AstraZeneca is investing $4.5 billion in its new manufacturing facility in Virginia, a proposed increase of $500 million to support the enhanced manufacturing capability of a broader range of medicines including cancer treatments. This is part of the historic $50 billion investment announced in July…
NEW YORK: The S&P 500 climbed to a fresh intraday record Thursday as investors digested Nvidia’s latest earnings report, which reinforced enthusiasm for artificial intelligence and lifted sentiment across the broader market. The benchmark index rose 0.2%, while the tech-heavy Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average hovered near the flatline. Nvidia, which…
NEW YORK: Entegris, Inc. (Nasdaq: ENTG), a global leader in advanced materials science, said on Thursday it will invest $700 million in domestic research and development over the next several years to accelerate semiconductor innovation, in collaboration with the Trump Administration. The investment spans Entegris’ Materials Solutions and Advanced Purity Solutions divisions and includes capital…
Dow Jones add 88 points; CPI, bank earnings in focus U.S. stocks closed modestly higher on Monday, with the Nasdaq Composite sealing a fresh record, as investors looked past renewed global trade tensions toward upcoming inflation data and corporate earnings. The tech-heavy Nasdaq (IXIC) rose 0.27% to 20,640.33, its fourth consecutive all-time high. The S&P…
WASHINGTON: AIDS Healthcare Foundation (AHF) sharply criticized the Trump administration for its announcement earlier that it is withdrawing U.S. membership in the World Health Organization (WHO) after cutting hundreds of millions in funding to the global organization in recent weeks. Despite the fact that WHO badly bungled its global COVID-19 response and abetted China’s cover…