Author: FX
Teva long-acting schizophrenia drug Uzedy reduces relapse risk up to 80% Source link
Mario Tama/Getty Images News Ozempic, Novo Nordisk’s (NVO) best-selling drug, will achieve annual sales of $17B by 2029 as it will continue its dominance in the diabetes market, according to a new report. Data analytics and consulting company GlobalData expects Ozempic (semaglutide) sales to rise 23% in 2023 compared to last year to $12.5B. In Q1 2023, Novo (NVO) reported Ozempic revenue of DKK 19.64B (~$2.85B). GlobalData noted that Ozempic sales this year will be 54% higher than its closest competitor, Eli Lilly’s (NYSE:LLY) Trulicity (dulaglutide), which is forecast to have $8B in sales. Both are glucagon-like peptide-1 receptor agonists…
belterz Distress in corporate finance is increasing. In the near-zero interest rate environment during the pandemic and through February 2022, corporations could take on more debt or extend existing debt without adding much to their debt burdens. In addition, government support helped keep many U.S. businesses afloat during pandemic lockdowns. That helped keep corporate and personal bankruptcy filings low. Since then, fiscal relief has disappeared. And with the Federal Reserve pushing up its policy rate by 500 basis points in 15 months, financing costs have jumped. For some it was too much. U.S. corporate bankruptcy filings in January-April 2023 rose…
(Reuters) -Three people died when their light aircraft crashed on Saturday morning in Switzerland’s Ponts-de-Martel area close to the French border, the Swiss police said. The crash occurred around 10:20 in the morning local time (0820 GMT) in a forest near the village of La Combe Dernier in the canton of Neuchâtel, the local police said. The pilot and his two passengers died at the scene of the accident. Rescue operations proved difficult because the crash occurred on particularly steep terrain, the police said. The cause of the accident was not immediately known, but an investigation has been launched, they…
US EQUITIES TALKING POINTS:FORECAST: NEUTRALUS Equities Enjoyed a Strong Week with Fridays Losses Proving the only Blip. Can the Rally Continue?Nasdaq 100 Looks Ripe for a Retracement Supported by the 14-day RSI now in Overbought Territory.US Debt Ceiling Developments Key to Further Upside in US Equities. Recommended by Zain Vawda Get Your Free Equities Forecast READ MORE: Debt Ceiling Blues, Part 79. What Happens if the US Defaults?US INDICES WEEK IN REVIEWUS indices finished with somewhat of a whimper on Friday given the impressive rally this week. Markets opened the week with a wee bit of caution as the US…
© Reuters. Leaders and delegates pose for a photo ahead of a G7 working session on food, health and development during the G7 Summit in Hiroshima, Japan, Saturday, May 20, 2023. Susan Walsh/Pool via REUTERS By Kantaro Komiya and Supantha Mukherjee TOKYO (Reuters) -Leaders of the Group of Seven (G7) nations on Saturday called for the development and adoption of international technical standards for trustworthy artificial intelligence (AI) as lawmakers of the rich countries focus on the new technology. While the G7 leaders, meeting in Hiroshima, Japan, recognised that the approaches to achieving “the common vision and goal of trustworthy…
EUR/USD ANALYSISPowell lays the groundwork for a EUR comeback.US economic data under the spotlight including core PCE, GDP and durable goods orders.Key area of confluence in question this week. Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL FORECAST: BULLISHThe euro heads into the week on the front foot after Fed Chair Jerome Powell’s comments saw Fed interest rate probabilities ‘dovishly’ re-priced. The likelihood of another 25bps hike in June has now been diminished while European Central Bank (ECB) officials continue on their hawkish path.German data will lead the way from a eurozone perspective being the major economic…
Vitalij Sova Bitcoin (BTC-USD) on Friday was on track for marginal weekly gains of about 0.2%, with the world’s largest cryptocurrency by market capitalization stabilizing somewhat after a steep fall last week. With no specific positive news to drive sentiment, the token’s weekly advance appeared to be mostly a correction after its more than 9% decline last week. Another catalyst that could have supported bitcoin’s (BTC-USD) weekly gain was a new investment strategy by stablecoin issuer Tether, which said that it would use up to 15% of its net realized operating profits to buy the cryptocurrency. Jitters around the banking…
The S&P 500 (SP500) on Friday advanced 1.65% for the week to close at 4,191.98 points, posting gains in three out of five sessions. Its accompanying SPDR S&P 500 Trust ETF (NYSEARCA:SPY) rose 1.71% for the week. The benchmark index’s gains stopped a run of two straight weeks of losses. Sentiment during the week was supported by a combination of factors, chief among them being the debt ceiling talks. Optimism over a breakthrough in the standoff between House Democrats and Republicans helped markets end solidly higher on Wednesday, with both sides signaling that default would definitely be avoided. Congressional leaders…
© Reuters. FILE PHOTO: The U.S. flag flies over the Cannon House Office Building on Capitol Hill in Washington, U.S. December 19, 2022. REUTERS/Jonathan Ernst By Moira Warburton, Richard Cowan and Andrea Shalal WASHINGTON (Reuters) -A second meeting on Friday between White House and Republican congressional negotiators on raising the federal government’s $31.4 trillion debt ceiling broke up with no progress cited by either side and no additional meeting set. “We had a very, very candid discussion talking about where we are, talking about where things need to be,” Republican Representative Garret Graves told reporters following a brief meeting in…