Blackcat claims responsibility for cyberattack at UnitedHealth

Change Healthcare on Thursday confirmed that ransomware group Blackcat is behind the ongoing cybersecurity attack that’s caused widespread disruptions to pharmacies and health systems across the U.S. “Our experts are working to address the matter and we are working closely with law enforcement and leading third-party consultants,” Change Healthcare told CNBC in a statement Thursday. … Read more

Pfizer RSV vaccine protects older adults over two seasons

Respiratory syncytial virus vial. Manjurul | Istock | Getty Images Pfizer‘s vaccine against respiratory syncytial virus maintained protection for older adults across two full seasons of the disease in an ongoing late-stage clinical trial, the company announced Thursday. The shot’s efficacy declined slightly compared with the levels of protection after one RSV season, but the … Read more

The big decisions you’ll need to make once on new weight loss drugs

An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023.  Brendan Mcdermid | Reuters For all of the promise associated with new weight loss drugs such as Novo Nordisk‘s Wegovy and Eli Lilly‘s Zepbound in treating obesity, there’s a very big risk printed right on … Read more

TJX’s quarter delivers and what Cramer hopes to hear from Salesforce

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. U.S. stocks were trending lower as investors awaited important inflation data and mulled over more quarterly earnings. January’s PCE price index – the Federal Reserve’s preferred measure of inflation … Read more

New pet drugs are looking a lot more like human medications

If you want to understand how different the human and animal medicine and vaccine industries have historically been, you don’t need to look much further than weight loss drugs. On the human side, Novo Nordisk and Eli Lilly struggled to meet the demand for Ozempic, Wegovy, Mounjaro and Zepbound, respectively, since introducing them, as the … Read more

Novavax (NVAX) earnings report Q4 2023

Budrul Chukrut | Lightrocket | Getty Images Vaccine maker Novavax on Wednesday reported fourth-quarter revenue and earnings that missed Wall Street’s estimates and reiterated plans to cut costs as it fights to stay afloat.  Still, Novavax narrowed its losses in the quarter from the same period a year ago, even as demand for the biotech … Read more

Liver disease is newest weight loss drug use

Image of a healthy liver not ravaged by fatty liver disease. BSIP | Getty Images Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Good afternoon! Drugmakers aren’t just racing to develop drugs that treat obesity. They’re also competing to expand the uses of those weight loss treatments, including … Read more

Hims & Hers (HIMS) Q4 earnings report

The New York Stock Exchange with a Hims & Hers Health, Inc banner is pictured as a person runs past in the Manhattan borough of New York City, New York, January 21, 2021. Carlo Allegri | Reuters Hims & Hers Health, the online provider of treatments for erectile dysfunction and hair loss, had its best … Read more

Viking Therapeutics weight loss drug shows promising trial results

Cr | Istock | Getty Images Shares of Viking Therapeutics soared more than 80% in premarket trading Tuesday after the company’s experimental weight loss drug showed promising initial results in a mid-stage trial.  Viking Therapeutics is one of several small obesity drugmakers hoping to enter the budding weight loss drug industry, which analysts say could … Read more

Honor developing own smart ring after Samsung debuts Galaxy Ring

George Zhao, Chief Executive Officer of Chinese consumer electronics brand Honor, smiles as he shows the new Honor Magic 6 Pro smartphones during a presentation on the eve of the Mobile World Congress (MWC), the telecom industry’s biggest annual gathering, in Barcelona on February 25, 2024. Pau Barrena | Afp | Getty Images BARCELONA — … Read more