Tag: business news

The weight loss drug boom isn’t over yet — here’s what to expect in the year ahead

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George Frey | Bloomberg | Getty Images Weight loss drugs exploded into the public eye this year, and 2024 will bring more change to the evolving market.  The drugs skyrocketed in popularity in 2023 as they helped patients shed significant weight, despite hefty price tags, mixed insurance coverage and a handful of unpleasant side effects. …

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Infosys salary hikes announced ahead of holiday season; here’s the likely average hike – Times of India

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Infosys, the second largest IT services company in India, has brought some holiday cheer to its employees by announcing salary revisions. This move comes as a much-needed morale booster for the information technology sector, which has been grappling with sluggish demand for technology services worldwide.According to sources quoted by ET, the salary revisions, which are…

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Business

Solo women travel picked up in the July-Aug quarter, says travel company – Times of India

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MUMBAI: In the July to August period, which is considered a lean period for air travel, demand for flights from solo women travellers went up by six percent as compared to the April to June period, according to the latest travel trends report released by online travel company, Cleartripon Friday. Bangkok emerged as the preferred…

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China reports no ‘unusual or novel pathogens’ after WHO seeks data on respiratory illness outbreak

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Crowd gathers during China’s Lunar New Year celebrations. Nurphoto | Getty Images Chinese authorities reportedly called for vigilance Friday as a spike in respiratory illness continues to pile pressure on health care facilities in the north of the country, despite assurances that no “unusual or novel pathogens” have been detected. The World Health Organization said…

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The Ozempic effect has battered this weight loss stock, but Morgan Stanley says it’s a top pick

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Game-changing anti-obesity medications have posed nothing short of an existential crisis for Weight Watchers parent WW International since they arrived on the scene, but CEO Sima Sistani has been confronting this challenge head-on. Despite an 11% dive in the stock Friday, Morgan Stanley said it thinks the company “has gone through an incredible transformation over…

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Many are betting Ozempic will reduce the need for knee surgery. What it means if they’re wrong

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Medical device stocks of all kinds were pummeled over the past week as investors tried to calculate the ripple effects of new weight loss drugs. It wasn’t the first rout in the sector — the pressure has persisted for several months. The fear has been that whenever you have a large group of consumers changing…

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Two big semiconductor proposals under process in India: Union minister Vaishnaw – Times of India

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NEW DELHI: Union minister Ashwini Vaishnaw said on Saturday that two big semiconductor proposals are under process and expected to take shape in the coming few months.Vaishnaw, who was at groundbreaking ceremony of Micron‘s semiconductor plant in Gujarat, asserted that India’s first indigenous microchips are expected to be rolled out by December 2024.He, however, didn’t…

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CDC recommends Pfizer maternal RSV vaccine to protect infants, paving way for fall availability

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A doctor vaccinates an infant against respiratory syncytial virus (RSV) in a treatment room of her paediatric practice. Swen Pförtner | Picture Alliance | Getty Images The Centers for Disease Control and Prevention on Friday recommended Pfizer‘s maternal vaccine that protects infants from respiratory syncytial virus, putting the shot on track to be available in the U.S. this fall….

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FTC allows Amgen to move forward with $27.8 billion Horizon Therapeutics acquisition

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The Amgen logo is displayed outside Amgen headquarters on May 17, 2023 in Thousand Oaks, California. Mario Tama | Getty Images The Federal Trade Commission on Friday said it has reached a deal with drug giant Amgen to allow the company’s $27.8 billion purchase of Horizon Therapeutics to move forward.  The two companies now expect…

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Wegovy-maker Novo Nordisk raises outlook as sales of its weight-loss drug soar

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A selection of injector pens for the Saxenda weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023.  Jim Vondruska | Reuters Novo Nordisk, which makes the weight-loss drug Wegovy, raised its outlook for 2023 Thursday, as it reported soaring sales. The Danish pharmaceutical company reported a 30% increase…

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