FTC challenges patents held by drugmakers, including for Ozempic

A box of Ozempic and contents sit on a table in Dudley, North Tyneside, Britain, October 31, 2023. Lee Smith | ReutersThe Federal Trade Commission on Tuesday said it is challenging hundreds of alleged "junk" patents held by pharmaceutical companies for 20 brand-name drugs, including Novo Nordisk's blockbuster drugs Ozempic,...

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Eli Lilly (LLY) says it can overcome high-quality problem of too much demand

Eli Lilly 's raised guidance stole the show Tuesday, offsetting mixed first-quarter results and propelling shares higher by nearly 6%. The numbers leave little doubt that the long-term Eli Lilly success story remains intact, as demand for its new diabetes and obesity drugs, Mounjaro and Zepbound, outstrips supply. Revenue...

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Companies from McDonald’s to 3M warn inflation is squeezing consumers

McDonald's employee giving change to a customer.Jeffrey Greenberg | UIG | Getty ImagesSome of America's best-known corporations are saying their consumers are being pinched by inflation as prices continue rising.Inflation has dominated corporate America's discourse over the past three years following the pandemic-induced easing of monetary policy and trillions...

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Amazon (AMZN) Q1 earnings report 2024

Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.David Paul Morris | Bloomberg | Getty ImagesAmazon will report first-quarter earnings after the bell on Tuesday.Here's what analysts are expecting according to LSEG:Earnings per share: 83 centsRevenue: $142.5 billionWall Street is also...

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