India must avoid the mistakes of China and Big Tech to keep attracting investors
Recognizing its financial and political clout and adapting accordingly is the key to India’s continued growth.
How much people are willing to spend
Boxes of Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024. Hollie Adams | Reuters Demand for weight loss drugs is booming in the U.S. despite their limited insurance coverage and roughly $1,000 monthly price tags before discounts. But some patients are willing to pay more out of […]
NYSE says it will begin delisting proceedings against Fisker
The New York Stock Exchange on Monday said it would begin the delisting process for Fisker Inc. stock, after shares of the struggling electric-vehicle maker plummeted earlier in the day after the company said a deal to secure a financial lifeline fell through.
Amgen aims to enter weight loss drug market with a new approach
The Amgen logo is displayed outside Amgen headquarters on May 17, 2023 in Thousand Oaks, California. Mario Tama | Getty Images Amgen is taking a new approach as it tries to stand out in a crowded field of drugmakers racing to develop the next blockbuster weight loss drug. The biotech company is testing an injectable […]
Nelson Peltz withholds votes from Disney CEO Bob Iger in proxy battle
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, US, on Thursday, March 30, 2023. Marco Bello | Bloomberg | Getty Images Nelson Peltz’s Trian Fund Management withheld its votes from Walt Disney CEO Bob Iger when voting its shares in […]
Kevin Warsh, floated as Trump Fed chief, says Powell is ‘goosing’ the economy
While U.S. allies and adversaries may be impressed by the growth in the stock market and overall U.S. economic growth, “I wouldn’t say they are overly impressed by the U.S. economic engine,” he said.
Boeing CEO Dave Calhoun to step down; board chair and commercial head replaced
Boeing CEO Dave Calhoun speaks to reporters as he departs from a meeting at the office of Sen. Mark Warner (D-VA) on Capitol Hill January 24, 2024 in Washington, DC. Anna Moneymaker | Getty Images Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for […]
Novo Nordisk targets heart disease in $1.1 billion deal
Novo Nordisk, the Danish pharmaceutical whose market cap has swelled due to popular weight loss drugs, on Monday announced it was making an acquisition targeting cardiovascular disease.
Sinopec’s profit fell in 2023 amid oil market volatility
The company said it expects international oil prices to “fluctuate at medium to high levels” in 2024.
Why a Fed rate cut in June is not yet a done deal
An interest-rate cut at the Federal Reserve’s June meeting, though now widely expected, should not be viewed as decision that has already been made, Fed watchers say.
