Biden administration asserts power to seize drug patents

President Joe Biden speaks about protecting Social Security, Medicare, and lowering prescription drug costs, during a visit to OB Johnson Park and Community Center, in Hallandale Beach, Florida, on Nov. 1, 2022.Kevin Lamarque | ReutersThe Biden administration on Thursday opened the door to seizing the patents of certain costly...

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AMD, DG, RIVN, TTWO and more

Check out the companies making headlines in premarket trading. Sprinklr — The software company plummeted nearly 28% after its fiscal 2025 sales guidance disappointed investors. BTIG downgraded the stock to neutral following the results over concerns on topline growth. Take-Two Interactive — Shares of the video game company slipped...

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AbbVie to acquire Cerevel Therapeutics for $8.7 billion

A sign stands outside a Abbvie facility in Cambridge, Massachusetts, May 20, 2021.Brian Snyder | ReutersAbbVie on Wednesday said it will acquire neuroscience drugmaker Cerevel Therapeutics for roughly $8.7 billion. Under the terms of the deal, AbbVie will pay $45 per share for Cerevel. AbbVie said it expects to complete...

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McDonald’s to open first CosMc’s spinoff restaurant this week

McDonald's CosMc's Restaurant.Courtesy: McDonald'sMcDonald's will open the first location of its new spinoff brand CosMc's this week in Bolingbrook, Illinois.The fast-food giant plans to open 10 CosMc's locations, including nine restaurants in Texas, by the end of 2024 in a test. McDonald's will then spend a year analyzing data...

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