Author: IA PressRoom

FILE – This Dec. 21, 2022, image provided by Eisai shows vials and packaging for their medication … [+] Leqembi. (Eisai via AP, File)Eisai The drug industry and its supporters are blasting the Centers for Medicare and Medicaid Services (CMS) for proposing to limit Medicare payments for the new anti-Alzheimer’s drug lecanemab to patients who participate in a trial or special registry aimed at tracking their experience with the drug. CMS says the record-keeping will help provide important, real-world information about the benefits and risks of these new drugs. But the Alzheimer’s Association, which receives financial support from drugmakers, calls…

© Reuters. WASHINGTON (Reuters) -U.S. Senators Elizabeth Warren and Ron Wyden asked the Justice Department to open an antitrust investigation into the planned deal between the PGA Tour and Saudi-backed LIV Golf, saying they believe it would result in a monopoly over professional golf operations. The PGA Tour, DP World Tour and rival Saudi-backed LIV circuit, which had been involved in a bitter fight that split the sport, announced an agreement last week to merge and form one unified commercial entity. The LIV Golf series is bankrolled by the Saudi Arabia Public Investment Fund. Critics have accused it of being…

© Reuters. FILE PHOTO: Meat is seen in a supermarket in Los Angeles, California, U.S., June 13, 2022. REUTERS/Lucy Nicholson By Leah Douglas (Reuters) – The U.S. Department of Agriculture will take steps to better verify antibiotic-free labels on meat and poultry products after receiving petitions challenging its existing process for not being rigorous enough, the agency announced Wednesday. Consumer, food safety and environmental groups have long warned that the overuse of antibiotics in livestock farming can contribute to human antibiotic resistance. The World Health Organization in 2017 recommended that the food industry curtail antibiotic use to fight resistance. The…

hatchapong Visa (NYSE:V) said Wednesday its new Africa Fintech Accelerator will enable up to 40 startups each year to accelerate growth through a three-month intensive learning program. The program’s kickoff follows Visa’s (V) recent pledge to invest $1B in Africa’s digital transformation and its commitment to advance Africa’s economies and drive inclusive growth, the company said. After startups complete the program, Visa (V) intends to further support fintech growth with capital investment in select participating businesses to accelerate their commercial launch through access to Visa technology and capabilities. “Visa has been increasing our investments in Africa for decades and strengthening…

(Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Deal Overview On April 18, 2023, Alkermes ALKS plc (NASDAQ: ALKS, $31.48, Market Capitalization: $5.2 billion), a fully-integrated, global biopharmaceutical company developing innovative medicines in the fields of neuroscience and oncology, announced submission of a confidential draft Form 10 registration statement to the United States Securities and Exchange Commission in connection with planned separation of the Company’s oncology business (Mural Oncology plc). Earlier on November 2, 2022, the Company had approved to explore a separation of the oncology business into an independent, publicly-traded company as part of…

CNN  —  The White House condemned attendees at Saturday’s Pride event on the South Lawn who engaged in what President Joe Biden’s press secretary described as “unacceptable” behavior. “The behavior was simply unacceptable. We’ve been very clear about that. It was unfair to the hundreds of attendees who were there to celebrate their families,” press secretary Karine Jean-Pierre said Tuesday, adding that the people seen engaging in the “inappropriate” behavior won’t be invited back to the White House. She was responding to video from the Saturday event that showed some attendees removing their tops in front of the South Portico…

An activist investor with a history of pushing for change at gambling companies has revealed a shareholding in 888, just a week after a group of former executives from rival bookmaker GVC said they had bought a stake.HG Vora Capital Management disclosed on Wednesday that it had a 5.5 per cent stake in 888, in both class A and B shares owned directly by the fund and by its head Parag Vora, a former Goldman Sachs banker. The New York-based fund already had a stake below the disclosure threshold but increased its shareholding the day after a group of former…

© Reuters. FILE PHOTO: The corporate logo of the UnitedHealth Group appears on the side of one of their office buildings in Santa Ana, California, U.S., April 13, 2020. REUTERS/Mike Blake/File Photo/File Photo By Leroy Leo (Reuters) -Health insurer stocks dropped sharply on Wednesday after UnitedHealth (NYSE:) said costs were on the rise for the largest U.S. healthcare provider by market value due to an increase in surgeries among older adults. UnitedHealth’s shares were down 7.3% to $455.11, while shares of Medicare-focused insurer Humana Inc (NYSE:) fell 14%, and a broader index of managed care providers lost 8%, hitting a…

© Reuters. FILE PHOTO: The logo of Royal Dutch Shell is pictured during a launch event for a hydrogen electrolysis plant at Shell’s Rhineland refinery in Wesseling near Cologne, Germany, July 2, 2021. REUTERS/Thilo Schmuelgen/File Photo By Ron Bousso and Shadia Nasralla LONDON (Reuters) -Shell said it will ramp up its dividend and share buybacks while keeping oil output steady into 2030, as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan. In a new financial framework announced on Wednesday as part of an investor conference in New York, Shell (LON:) said it will…

Source: AdobeA US district judge signed a court order on Tuesday allowing Bittrex customers to make withdrawals following back and forth between the court and the US government.“The Court hereby authorizes, but does not direct, the Debtors to permit their customers holding undisputed, noncontingent, and liquidated claims to withdraw cryptocurrency assets and fiat currency from the Debtors’ trading platform to the extent of such claims,” US Bankruptcy Judge Brendan L. Shannon said in the court filing. This comes about a week after the US Department of Justice objected to a proposal by the now bankrupt exchange to return money to customers…