Core PCE rises to 2.7% as spending and income decline
U.S. inflation remained subdued in May, with the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred gauge—rising just 0.1%...
Sneaker giant forecasts mid-single digit sales drop, cuts China reliance
Nike shares soared 15.2% on Friday after the company projected that profit and revenue declines will moderate in the current...
New initiative cuts drug review time to as little as 30 days
The U.S. Food and Drug Administration (FDA) announced Tuesday a new fast-track initiative...
Deal Overview
German biotech firm BioNTech has announced the acquisition of its rival CureVac for approximately $1.25 billion in BioNTech shares. This move aims to...
In a major legal victory for Novo Nordisk, a Texas federal judge ruled to restrict compounding pharmacies from producing and selling cheaper, unapproved versions...
California's economy has officially reached a new milestone, becoming the fourth-largest in the world, Governor Gavin Newsom announced on Wednesday. With a nominal gross...
On Monday, President Donald Trump held a crucial meeting with major U.S. retailers to discuss the growing concerns surrounding tariffs that are expected to...
Walgreens has reached a $350 million settlement with the U.S. Department of Justice (DOJ) following accusations that the pharmacy chain illegally filled millions of...