Pfizer has announced its plans to proceed with the development of a once-daily version of its weight loss pill, danuglipron, following positive results from an ongoing early-stage study. The company has evaluated various formulations of the drug and has identified one that exhibits the most favorable safety profile and efficacy in terms of how the
Delta Air Lines recently announced a forecast of record revenue for the third quarter of the year due to the surge in summer travel demand. Nevertheless, the forecast missed analysts’ estimates, as airlines resorted to discounting fares after expanding their flights. The growth in sales for the current quarter is expected to be up to
Housing inflation has been a persistent issue afflicting the U.S. economy, even as overall inflation rates have shown signs of declining post the peak levels witnessed during the pandemic era. The sluggish decrease in housing inflation has been a major hurdle in achieving the targeted consumer price index, as noted by economists. This phenomenon is
The U.S. Department of the Treasury and the IRS recently announced a significant achievement of collecting over $1 billion in tax debt from high-income individuals over the past year. This accomplishment comes as a result of the IRS’s plans to expand its focus on individuals earning above $1 million annually with more than $250,000 in
Sportsbooks and daily fantasy operators are gearing up for a surge in activity during the upcoming Summer Olympics in Paris, scheduled to kick off on July 26. With the legalization of sports betting gaining traction across the United States, the gaming industry is bracing for an influx of wagers, especially on sports such as basketball,
China has been making significant progress in the development and adoption of robotaxis in recent years. Companies like Baidu’s Apollo Go are leading the way in offering fully autonomous taxi rides to the public. This growing trend has caught the attention of consumers, as indicated by the increasing popularity of robotaxi experiences on social media
Costco recently announced that it would be raising its membership fees in both the U.S. and Canada. The annual fee for regular memberships will increase from $60 to $65, while the Executive Membership fee will go from $120 to $130 per year. This fee increase is set to take effect on September 1st, impacting around
The Federal Trade Commission is gearing up to file lawsuits against three major U.S. health companies for their roles as intermediaries in negotiating prices for medications like insulin. The agency believes that these companies contribute to inflating costs for patients, according to a report from CNBC. The three companies in the spotlight are UnitedHealth Group’s
Cryptocurrency exchange-traded funds are gaining traction on Wall Street, with a new wave of ethereum ETFs on the horizon. This development comes as Spot ether ETFs are set to enter the market pending approval from the U.S. Securities and Exchange Commission. Matthew Hougan, the chief investment officer of Bitwise Asset Management, is optimistic about the
With NASA astronauts currently docked at the International Space Station for a longer duration than expected, the agency’s leadership is now considering potential alternatives to using Boeing’s Starliner for the crew’s return to Earth. Even though Boeing’s spacecraft remains the primary option for the return of the crew, officials are open to exploring other possibilities