Investing.com -- Hims Hers Health Inc (NYSE: HIMS) shares plummeted 12.6% in after-hours trading Friday following a stark warning from federal regulators. The U.S. Food and Drug Administration announced its intent to take "decisive steps" against companies mass-marketing non-approved compounded GLP-1 drugs.
The agency’s intervention specifically targets active pharmaceutical ingredients used in products that Hims & Hers and other compounding pharmacies market as... (continue reading...)
Investing.com -- Northrop Grumman (NYSE: NOC) Systems Corp. has been awarded a $198 million contract to supply power amplifier module spares for the E-2D Advanced Hawkeye aircraft, according to the U.S. Department of War.
The ceiling-priced delivery order was issued under a previously awarded basic ordering agreement. The contract covers the purchase of 608 power amplifier module spares for the aircraft.
All work will be performed at Northrop Grumman's facility in... (continue reading...)
Investing.com -- China has warned the United States that additional arms sales to Taiwan could jeopardize U.S. President Donald Trump's planned visit to China in April, according to a Financial Times report on Friday.
Chinese officials have explicitly told the U.S. that proceeding with such arms sales could potentially derail Trump's scheduled April visit to the Asian nation.
Investing.com -- Tesla is recruiting staff to support Elon Musk's recently announced plan to establish what would become the largest U.S. solar energy component manufacturing operation, according to an online post by the company's executive.
The electric vehicle maker is moving forward with Musk's vision to create 100 gigawatts of domestic solar production capacity, a goal he revealed last month.
"This is an audacious, ambitious project," wrote Seth Winger, Tesla senior... (continue reading...)
Investing.com -- San Francisco Federal Reserve President Mary Daly indicated Friday she believes one or two additional interest rate cuts may be necessary to address weakening labor market conditions.
"I think we have to keep an open mind, a very open mind" on rates, Daly said in an interview with Reuters. She supported the Fed’s decision last week to maintain the benchmark interest rate at 3.50%-3.75%, but noted "you could make a case for going ahead and taking a little... (continue reading...)
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