In the wake of President-elect Donald Trump's bold statements on the pharmaceutical industry, healthcare and pharma stocks have taken a significant hit. Trump’s promise to tackle drug-industry middlemen, particularly Pharmacy Benefit Managers (PBMs), has sent ripples...
In a shocking and tragic event, Brian Thompson, the CEO of UnitedHealthcare, was shot and killed outside his hotel in New York City on Wednesday morning, just ahead of a key investor conference. Thompson, 50, was gunned down in the midtown area, where UnitedHealth...
TransMedics Group, Inc. (TMDX) experienced a dramatic 30% drop in its stock price during early morning trading, despite reporting impressive revenue growth. The company announced total revenue of $108.8 million for Q3 2024, representing a remarkable 64% increase...
Summit Therapeutics Inc. (NASDAQ: SMMT) is experiencing a significant surge in its stock price, up 63% midday Monday, following the release of groundbreaking data from a key clinical trial. The stock, which closed at $12.27 on Friday, opened at $16 and has been...
A recent investigation by the Associated Press has unveiled a troubling oversight in the regulation of pharmaceutical manufacturing plants by the U.S. Food and Drug Administration (FDA). According to their analysis, nearly half of the drug manufacturing facilities...
The U.S. Securities and Exchange Commission (SEC) has rescinded a controversial accounting rule that required banks to treat bitcoin and other cryptocurrencies as liabilities on their balance sheets. Staff Accounting Bulletin 121 (SAB 121), introduced in 2022, imposed...
Novo Nordisk (NVO) experienced a significant surge in pre-market trading on Friday, with its stock climbing 12% following the announcement of promising results from an early-stage clinical trial for its new obesity treatment, amycretin. The Danish pharmaceutical giant...
In a move that highlights Saudi Arabia’s ongoing efforts to strengthen its economic ties with the United States, Crown Prince Mohammed bin Salman (MBS) announced a significant pledge to President Donald Trump. According to the Saudi state-run news agency SPA, MBS...