The journey to developing safe and effective treatments for obesity has been fraught with challenges and setbacks. Pharmaceutical giant Pfizer recently announced the discontinuation of its twice-daily weight loss pill, danuglipron, due to high rates of adverse side effects experienced by obese patients in a midstage clinical trial. This decision comes just six months after
Business
Amazon has surprised many by purchasing three rocket launches from SpaceX for its Project Kuiper internet satellites. This move is unexpected, as Amazon’s Kuiper system aims to compete with Elon Musk’s Starlink in the satellite broadband market. Both companies are investing billions of dollars to create satellite networks that will serve a wide range of
After a tumultuous period marred by labor strikes and negotiations with the United Auto Workers (UAW) union, Ford Motor has reinstated its 2023 guidance. This new guidance sets expectations for adjusted earnings before interest and taxes (EBIT) between $10 billion and $10.5 billion and adjusted free cash flow ranging from $5 billion to $5.5 billion.
JPMorgan Chase CEO, Jamie Dimon, expressed on Wednesday that the bank would quickly exit China if the U.S. government mandated it. Speaking at the DealBook Summit, Dimon commented on the potential for a future conflict over Taiwan, stating, “If there’s a war in Taiwan, you would take all bets off.” Growing geopolitical tensions, fueled by
Disney CEO Bob Iger recently addressed employees during a town hall meeting, expressing his excitement for the future of the company. After a year focused on fixing various aspects of the business, Iger is now looking forward to a period of building and growth. In this article, we will explore Disney’s plans for expansion, the
Regional banks with assets between $80 billion and $120 billion are currently facing mounting pressure on their returns and profitability, making them potential targets for acquisition by larger competitors. Christopher McGratty, an analyst at KBW, highlights that this group of banks has the lowest structural returns among institutions with at least $10 billion in assets.
It has never been easy for small or independent music venues to turn a profit. However, the past year has brought on new challenges as the COVID-19 pandemic hit the industry hard. While large stadiums are bouncing back with sold-out shows for popular artists, smaller venues are struggling to regain their pre-pandemic business levels. In
In recent years, social media platforms have become more than just a place for entertainment and networking. They have evolved into powerful tools for e-commerce, with consumers increasingly turning to social media for their shopping needs. TikTok, known for its viral videos and creative content, has now ventured into the realm of e-commerce with its
In the fast-paced world of air travel, every minute counts. The difference between making or missing a connection could spell disaster for passengers, while delays can have a ripple effect on airlines’ schedules. Recognizing the importance of time, major airlines have been implementing strategies to improve efficiency and reduce costs. While these time savings may
Apple Original Films may be a newcomer in the film industry, but it is already making history. In 2022, the studio won the prestigious Best Picture award at the Academy Awards for “CODA,” marking the first time a streaming service has ever received this honor. With only three years of film releases under its belt,