CHICAGO — Pfizer on Friday said its drug for an advanced form of lung cancer showed promising long-term results in a late-stage trial, which may help establish it as the new standard treatment for the condition. The company’s medicine helped patients live longer without seeing their cancer progress, and most people experienced that benefit for … Read more
Elon Musk attends the 2024 Breakthrough Prize Ceremony at Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. Taylor Hill | Getty Images Top proxy advisor Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the re-approval of CEO Elon Musk’s $56 billion pay package and withhold their support from … Read more
People shop at a supermarket in Montebello, California, on May 15, 2024. Frederic J. Brown | AFP | Getty Images Inflation is taking baby steps towards coming back to where policymakers want it, with a report due Friday expected to show more of that creeping progress. The Commerce Department’s measure of personal consumption expenditures prices … Read more
IRS Commissioner Danny Werfel testifies before the House Appropriations Committee on May 07, 2024 in Washington, DC. Kevin Dietsch | Getty Images The IRS will expand Direct File, its free tax filing program, nationwide starting in 2025, the agency and the U.S. Department of the Treasury announced on Thursday. “After a successful pilot, we are … Read more
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during the Market Forum: FX in Focus event in New York, on Thursday, Sept. 7, 2023. Victor J. Blue | Bloomberg | Getty Images NEW YORK — New York Federal Reserve President John Williams on Thursday said inflation is still … Read more
A Goldman Sachs executive and finance industry veteran will take over as the new president of the Cleveland Federal Reserve. The central bank district announced Wednesday that Beth M. Hammack, 52, will take over when Loretta Mester steps down June 30. Hammack will take office officially on Aug. 21. In the interim, Cleveland Fed First … Read more
GLP-1 Supply Tracker from Ro. Courtesy: Ro Telehealth company Ro on Wednesday launched a new tracker to help patients find a popular class of weight loss and diabetes drugs called GLP-1s amid shortages of those treatments in the U.S. The supply tracker could be a valuable tool for many Americans scrambling to get their hands … Read more
Gildan apparel at a store in Montreal, Quebec, Canada, on Friday, Dec. 15, 2023. Graham Hughes | Bloomberg | Getty Images Gildan Activewear said on Thursday that its entire 12-person board would resign immediately in favor of activist Browning West’s eight nominees, abruptly ending a contentious proxy battle and restoring former CEO Glenn Chamandy to … Read more
Igor Golovniov | Lightrocket | Getty Images Crown Castle founder Ted Miller’s bid to secure four board seats at the telecommunications giant was resoundingly rejected by shareholders on Wednesday, ending a closely watched, litigious process that pitted Miller against activist juggernaut Elliott. Miller had put forward four candidates, including himself, for election. He had left … Read more
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., May 1, 2024. Kevin Lamarque | Reuters Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the confidence … Read more
