By Patrick Wingrove
(Reuters) - AbbVie’s top-selling arthritis drug Humira has held onto more than 80% of patients after facing nine lower-priced rivals in the U.S. in the last year, raising questions about whether the market for prescription biosimilars can survive in its current form, drug pricing experts and analysts say.
Humira, which lists for almost $7,000 a month, is the first top-selling drug to compete with a slew of... (continue reading...)
(Reuters) - U.S. stock index futures were little changed on Friday, as investors awaited a crucial employment report for confirmation that growing slackness in the U.S. labor market meant the Federal Reserve has more room to reduce interest rates.
The benchmark S&P 500 and the Nasdaq closed Thursday's session slightly lower, dragged by falling technology stocks despite touching intraday record highs in early trading.
Some megacap... (continue reading...)
Investing.com - Hertz Global Holdings (OTC: HTZGQ) Inc (NASDAQ: HTZ) ticked 0.3% higher in after-hours trade, after sources familiar with the matter revealed to Bloomberg that the company is contemplating the sale of at least $700 million in secured debt along with a convertible notes offering.
Potential investors have been approached about the secured debt issue by the company's advisors. However, the details of any financing, including size and terms, could still be... (continue reading...)
(Reuters) -Shares of GameStop surged nearly 50% on Thursday after the online stock influencer known as "Roaring Kitty" posted on YouTube that he would host a livestream on Friday.
Thursday's surge was the latest in a bout of volatile trading in the struggling videogame seller's shares that kicked off last month after the influencer, whose real name is Keith Gill, returned to X.com after a three-year hiatus.
The "Roaring Kitty" channel on... (continue reading...)
By Dani Morera and Andre Romani
SAO PAULO (Reuters) -Meta launched its first AI-driven ad targeting program for businesses on WhatsApp, as it tries to wring revenue out of the popular chat service, the company announced on Thursday at a conference in Brazil.
CEO Mark Zuckerberg announced the new tools in a video which was exhibited during the event.
The announcement marks a shift for WhatsApp, an encrypted messaging service that... (continue reading...)
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