The Food and Drug Administration recently approved Pfizer’s new treatment for a rare genetic bleeding disorder, marking a significant milestone for the company. The drug, known as Beqvez, is the first gene therapy from Pfizer to receive clearance in the United States. This innovative treatment is targeted towards adults with moderate to severe hemophilia B
Business
In a move to broaden its specialty pharmacy services, Walgreens announced on Thursday that it will be collaborating directly with drugmakers to offer cell and gene therapies to patients in the United States. This initiative comes as the company launches a new business unit dedicated to its specialty pharmacy segment, which includes the specialty pharmacy
An analysis released by the health policy research organization KFF revealed that more than 3 million people with Medicare could potentially be eligible for coverage of Wegovy, a newly approved weight loss drug that also benefits heart health. While this is a positive development, there are still some challenges and limitations that eligible beneficiaries may
PepsiCo recently released its quarterly earnings report which exceeded analysts’ expectations in both revenue and earnings per share. Despite facing challenges such as weaker U.S. demand due to recalls and backlash on pricing, the company managed to report earnings per share of $1.61, surpassing the $1.52 expected. Additionally, the revenue of $18.25 billion also exceeded
The real estate market is currently experiencing a significant divide, with the luxury sector booming while the rest of the market struggles with challenges such as higher interest rates and low inventory. According to Redfin, overall real estate sales fell by 4% nationwide in the first quarter. However, luxury real estate sales saw an increase
The recent vote held by Volkswagen workers in Chattanooga, Tennessee, to join the United Auto Workers (UAW) is a significant milestone for the union. With 73% of the vote in favor of the UAW, this marks the first successful organizing drive of an automaker outside of Detroit’s Big Three. A total of 84% of eligible
Lululemon recently made the decision to close its distribution center in Sumner, Washington, leading to the layoff of 128 employees. This move comes after the company opened a new, large warehouse outside of Los Angeles. The closure of the Washington facility is part of Lululemon’s broader strategy to optimize its distribution network to support its
In a surprising move, Netflix announced that it will no longer provide quarterly membership numbers or average revenue per user starting next year. This decision comes as the streaming giant reported earnings that exceeded expectations on both the top and bottom line. The company’s total memberships rose to 269.6 million in the quarter, surpassing Wall
The aviation industry has been under scrutiny due to safety issues, but airline executives are confident in the continued demand for flights. United Airlines, along with other major carriers, are expecting to see record numbers of travelers this summer. This comes despite the challenges posed by inflation, safety incidents, and increased regulatory scrutiny. Airlines have
Republican governors from six states, including Alabama, Georgia, Mississippi, South Carolina, Tennessee, and Texas, have come together to condemn the efforts of the United Auto Workers (UAW) to organize automotive factories in the South. These governors, led by Tennessee Gov. Bill Lee, believe that unionization could have detrimental effects on job security and future investments