Healthcare Health/Fitness

Amgen Scraps Experimental Weight Loss Pill, Moves Forward With Injectable Drug in Development for Obesity

Amgen will discontinue its experimental weight loss pill and focus on developing injectable drugs and other obesity-related products.


USDA Recalls 16,000 Pounds of Walmart Ground Beef Over E. coli Contamination

The USDA announced a nationwide recall of over 16,000 pounds of ground beef sold at Walmart due to potential E. coli contamination. The beef originated from Cargill Meat Solutions in Hazleton, Pennsyl..

Peloton CEO Barry McCarthy to Step Down While the Company Faces a Series of Layoffs Due to Low Profits

Peloton undergoes leadership change with CEO Barry McCarthy stepping down, accompanied by layoffs of 15% of staff, following disappointing fiscal third-quarter results...

Novo Nordisk's Q1 Profit Surges 28%, Thanks To Booming Demand for Weight Loss Drugs

Novo Nordisk exceeded profit expectations in Q1 2024 with a 28% surge in net profit, driven by Wegovy's success...


Latest News

GSK raises $853 million by halving stake in South African drugmaker
GlaxoSmithKline (GSK.L) has taken profits in Aspen Pharmacare (APNJ.J) by selling half its stake in the South African drugmaker for $853 million, following a long investment in the firm.
KFC faces pressure after McDonald's says no antibiotics in chicken
KFC, the world's largest chain of fried chicken restaurants, may face pressure from consumer and environmental groups to change how its poultry are raised after McDonald's Corp (MCD.N) said it would s
Costco working to end use of human antibiotics in chicken
Costco Wholesale Corp is working toward eliminating the sale of chicken and meat from other animals raised with antibiotics that are vital to fighting human infections, senior executives at the third-
Experts warn 2015 could be 'Year of the Healthcare Hack'
Security experts are warning healthcare and insurance companies that 2015 will be the "Year of the Healthcare Hack," as cybercriminals are increasingly attracted to troves of personal information held
Ageing China draws investors to its "hot as Internet" healthcare sector
Investors are rushing into China's booming healthcare business, helping M&A deal values surpass those of the hot Internet sector, as the country prepares to cater to hundreds of millions of elderly pa
U.S. government releases draft plan for electronic health data
The Obama administration on Friday proposed a plan to move most doctors, hospitals and their patients to national standards for handling electronic clinical data by the end of 2017.
U.S. says 7.3 million choose Obamacare health plans in federal market
The Obama administration on Wednesday said that 7.3 million people have selected 2015 healthcare plans as of Jan. 23, through the federal insurance marketplace set up under the law known as Obamacare.
U.S. government unveils goal to move Medicare away from fee-for-service
The Obama administration on Monday unveiled an ambitious plan to control health costs by moving the $2.9 trillion U.S. health systems away from costly fee-for-service medicine, beginning with the Medi
More unit IPOs an option for evolving GlaxoSmithKline
GlaxoSmithKline could consider more partial public share offerings for component units as it evolves in the coming years, potentially pointing to a break-up of the group if this offers value to shareh
Boehringer Ingelheim may sell U.S. generic unit
German drugmaker Boehringer Ingelheim is considering the sale of its U.S. generics unit Roxane Labs for as much as 2 billion euros ($2.36 billion), Bloomberg said, citing people with knowledge of the
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