The executive of WeightWatchers, who took charge in 2022, is steering the company into the growing market for obesity medications. This move comes as demand for effective weight loss solutions rises, positioning WeightWatchers to tap into new opportunities and expand its reach in the health and wellness sector.
Regeneron Pharmaceuticals and Sanofi have received expanded FDA approval for their anti-inflammatory drug Dupixent to treat chronic obstructive pulmonary disease, or COPD. This approval adds to Dupixent's growing list of uses and highlights its potential in managing respiratory conditions.
News Corp-controlled REA Group has made a fourth proposal to acquire British real estate platform Rightmove for about $8.3 billion in cash and shares. The company is urging Rightmove's board to engage in discussions regarding the offer.
A finance professor argues that the impact of recent proposals is indirect and uncertain. He suggests there are more effective ways to achieve the goals advocates are pursuing.
The e-commerce giant has stepped up to address government pressure by making overdose medicine more accessible in the workplace. This move positions the company as one of the largest U.S. employers to actively respond to the ongoing opioid crisis, aiming to enhance workplace safety and support for employees in need.
Volkswagen has cut its sales and profitability forecasts for this year. The decision comes as more European carmakers lower their targets, navigating a challenging shift to electric vehicles. This adjustment highlights the growing difficulties the industry faces during this transition.
Ireland’s data protection watchdog has fined Meta Platforms after discovering that the company stored passwords for some Facebook and Instagram users without adequate safeguards. This breach raised serious concerns about user privacy and data security. The fine highlights ongoing scrutiny over how tech giants handle sensitive user information.
Apple Inc.’s stock soared on Monday following a positive report from J.P. Morgan about iPhone availability. The boost was driven by improvements in the iPhone 16 base models, creating a wave of optimism among investors.
 "Federal Reserve anticipates gradual rate cuts as inflation slows, but uncertainty looms over future economic conditions and job market stability.")
Federal Reserve Chair Jerome Powell stated that the U.S. economy is seeing slow but steady progress in reducing inflation, which could lead to further interest rate cuts. Speaking at a conference in Nashville, Powell emphasized that disinflation is becoming more widespread and indicated that the Fed’s target inflation rate of 2% is within reach. He ...
Vistara will cease operations on November 12, 2024, as it merges with Tata Group’s Air India. Passengers can book flights through Air India’s website, with Vistara flights maintaining their brand until November 11. Singapore Airlines has secured a 25.1% stake in the merged airline following Indian government approval for foreign investment. Vistara’s frequent flyer program, ...
