Business
September 26, 2024
4 views 9 mins 0

FDA approves Bristol Myers Squibb's schizophrenia drug, the first new type of treatment in decades

Bristol Myers Squibb’s Cobenfy drug Courtesy: Bristol Myers Squibb The Food and Drug Administration on Thursday approved Bristol Myers Squibb‘s highly anticipated schizophrenia drug Cobenfy, the first novel type of treatment for the debilitating, chronic mental disorder in more than seven decades.  Schizophrenia affects how a person thinks, feels and behaves, and can cause paranoia, […]

Business
September 25, 2024
5 views 4 mins 0

Southwest Airlines to cut service and staffing in Atlanta to slash costs

A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024.  Elijah Nouvelage | Bloomberg | Getty Images Southwest Airlines is planning to reduce service to and from Atlanta next year, cutting more than 300 pilot and flight attendant positions, according to a company memo […]

Health
September 24, 2024
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'Stop ripping us off': Senate grills Novo Nordisk CEO on weight loss drug pricing

Novo Nordisk‘s top executive faced a Senate grilling on Tuesday over the high prices of the company’s weight loss drug Wegovy and diabetes treatment Ozempic, as demand for both injections soars in the U.S.  Novo Nordisk CEO Lars Fruergaard Jørgensen did not explicitly promise lawmakers at a Senate Health, Education, Labor and Pensions Committee hearing in Washington, […]

Health
September 21, 2024
5 views 8 mins 0

FTC sues drug middlemen for allegedly inflating insulin prices

Lina Khan, Chair of the Federal Trade Commission (FTC), testifies before the House Appropriations Subcommittee at the Rayburn House Office Building on May 15, 2024 in Washington, DC.  Kevin Dietsch | Getty Images News | Getty Images The Federal Trade Commission on Friday sued three large U.S. health companies that negotiate insulin prices, arguing the […]

Business
September 11, 2024
3 views 6 mins 0

IMF pressure halts new EPZ plan

ISLAMABAD: The government on Wednesday withdrew a proposal to establish a new Export Processing Zone (EPZ) in Balochistan, complying with a condition set by the International Monetary Fund (IMF), highlighting the global lender’s growing influence over the country’s economic decision-making. The Ministry of Industry and Production had initially pushed for the creation of the EPZ […]