(Reuters) – Gilead Sciences said on Saturday that it entered into a partnership with Denmark’s LEO Pharma to develop programs to treat patients with inflammatory diseases. The Danish company will be eligible to receive up to $1.7 billion in payments which include an upfront payment of $250 million from Gilead. In return, Gilead will have …
Gilead, LEO Pharma partner to develop programs for inflammatory diseases Read More »
By Johann M Cherian, Sukriti Gupta and Carolina Mandl (Reuters) -U.S. stocks sold off on Friday, with the S&P 500 erasing its 2025 gains, after an upbeat jobs report stoked fresh inflation fears, reinforcing bets that the Federal Reserve will be cautious in cutting interest rates this year. Wall Street’s main indexes closed their second …
Wall Street ends lower as blowout job data spooks traders Read More »
(Reuters) – Drugmaker Biogen will buy all outstanding shares of Sage Therapeutics that it does not already own for $7.22 apiece, a filing showed on Friday, sending the latter’s stock up 34% in extended trade. As per the filing, Biogen has a 10.2% stake in Sage Therapeutics. The offer price, representing a 30% premium to …
Biogen proposes to buy remaining stake in Sage in $442 million deal Read More »
(Reuters) – The U.S. government on Friday proposed 2026 reimbursement rates for Medicare Advantage plans run by private insurers that will result in a 2.2% increase in payments, compared with a decline of 0.2% last year. Shares of insurers UnitedHealth Group, Elevance Health, CVS Health Corp and Humana rose between 1% and 3.2% in extended …
US proposes payment rate for 2026 Medicare Advantage insurers Read More »
By Savyata Mishra (Reuters) -Chocolate maker Hershey on Friday announced the departure of CEO Michele Buck, who has been at the helm for more than seven years, effective June 30, 2026. Buck, a consumer packaged goods veteran with nearly two decades at the company, will continue as CEO until her successor is appointed. She will …
By Tom Polansek CHICAGO (Reuters) – Workers in U.S. chicken and pork plants face higher risks than other manufacturing workers for musculoskeletal disorders such as carpal tunnel syndrome, according to two studies the U.S. Department of Agriculture issued on Friday. The findings highlight health concerns for employees who often perform repetitive tasks and use dangerous …
US chicken, pork plant workers face higher health risks, USDA studies confirm Read More »
(Reuters) -Weight-loss drug developer Metsera, backed by ARCH Venture Partners, revealed a wider loss in its paperwork for a U.S. initial public offering on Friday. The terms of the IPO were not disclosed in the filing. Strong equity markets, falling interest rates and hopes of a friendlier regulatory environment under the incoming Trump administration have …
Weight-loss drug developer Metsera reveals wider loss in US IPO filing Read More »
By Jody Godoy (Reuters) -U.S. antitrust enforcers weighed in on Friday on Elon Musk’s lawsuit seeking to block OpenAI’s conversion to a public company, pointing out legal doctrines that support his claim that OpenAI and Microsoft engaged in anticompetitive practices. The U.S. Federal Trade Commission and Department of Justice were not expressing an opinion on …
OTTAWA (Reuters) – The U.N. aviation agency on Friday said that 11,929 individuals had been affected by the unauthorized release of recruitment application data records from April 2016 to July 2024. The International Civil Aviation Organization this week reported a security incident, saying a threat actor known as Natohub claimed to have released 42,000 records. …
UN aviation agency says almost 12,000 people affected by release of data Read More »
By Katie Paul and Juby Babu (Reuters) -Facebook owner Meta Platforms and Amazon.com are winding down diversity programs ahead of Republican Donald Trump’s return to the U.S. presidency as conservative opposition to such initiatives grows louder. Some of America’s biggest businesses have been scaling back their diversity initiatives, years after pushing for more inclusive policies …
Meta, Amazon scale back diversity programs ahead of Trump inauguration Read More »
