Briefs

Novo Nordisk A/S’ (NYSE:NVO) executives allegedly ignored internal warnings that the company was unprepared to launch its obesity drug Wegovy. As rival Eli Lilly and Co.’s (NYSE:LLY) Zepbound gains momentum, the Danish pharmaceutical giant is grappling with the fallout of those early...

Greif Inc. (NYSE:GEF) has entered into a definitive agreement to divest its Containerboard business to Packaging Corporation of America (NYSE:PKG) for $1.8 billion in cash, in a deal expected to close by the end of fiscal 2025. The transaction includes two containerboard mills with approximately...

Rocket Lab Corporation (NASDAQ:RKLB) is trading higher in Tuesday’s premarket session following a major milestone in its national security business. The company announced it has successfully completed the Critical Design Review (CDR) for its 18-spacecraft mission under the U.S. Space...

In a period marked by investor caution in the U.S. tech sector, Broadcom Inc. (NASDAQ:AVGO) stands out with a 63% stock rally in just three months. Let’s unpack the compelling narrative behind Broadcom’s exceptional outperformance, delving into its strong second-quarter 2025 results,...

Uber Technologies, Inc. (NYSE:UBER) announced on Tuesday that it has expanded its grocery delivery footprint in the U.S. through new partnerships with a range of popular regional supermarket chains. The expansion brings on board retailers such as Big Y and King Kullen in the Northeast, Superlo...

MSC Industrial Direct Co. Inc. (NYSE:MSM) shares rose on Tuesday after the company posted better-than-expected financial results for its fiscal third quarter of 2025. Net sales slipped 0.8% year over year to $971.1 million but edged past the consensus estimate of $970.23 million. The company...

Atai Life Sciences (NASDAQ:ATAI) and Beckley Psytech Limited jointly announced topline results from the eight-week, quadruple-masked, dose-finding core stage of the Phase 2b trial of a single dose of BPL-003 (intranasal mebufotenin (5-MeO-DMT) benzoate) in patients with treatment-resistant...

Advanced Micro Devices (NASDAQ:AMD) stock surged nearly 38% in the last three months, buoyed by the AI frenzy. PHLX Semiconductor Index (SOX), of which AMD is also a constituent, generated 30% returns during the period. AMD’s returns also topped the S&P 500’s 11% and the Nasdaq...

A federal court has sided with the U.S. Department of Health and Human Services (HHS), rejecting Johnson & Johnson’s (NYSE:JNJ) effort to reshape its participation in the 340B Drug Pricing Program. The ruling comes after months of legal back-and-forth following Johnson & Johnson's...

On Monday, Mesoblast Ltd. (NASDAQ:MESO) announced alignment with the U.S. Food and Drug Administration (FDA) on items required for filing a Biologics License Application (BLA) for Revascor (rexlemestrocel-L) for ischemic heart failure with reduced ejection fraction (HFrEF) and inflammation. In...

International Business Machines Corporation (NYSE:IBM) announced on Tuesday an expansion of its relationship with database automation leader DBmaestro, marking a new original equipment manufacturer agreement aimed at strengthening IBM’s enterprise DevOps capabilities. The agreement integrates...

The Centers for Medicare & Medicaid Services (CMS) released a proposed rule on Monday outlining changes to how Medicare pays home health agencies (HHAs) in calendar year (CY) 2026. These updates are required by law and occur annually. The rule includes a routine payment increase of 2.4%, which...

Tesla’s Chinese competitor NIO Inc. (NYSE:NIO) recorded a modest uptick in premarket trading on Wednesday as the electric vehicle maker unveiled its delivery figures for June and the second quarter of 2025. NIO shipped 24,925 units in June, reflecting a 17.5% increase over the same month last...

Accenture Plc (NYSE:ACN) announced on Tuesday that it has acquired SYSTEMA GmbH, a Dresden-based software and consulting firm that specializes in automation solutions for the semiconductor and high-tech sectors. The deal strengthens Accenture’s digital manufacturing capabilities; the...

Li Auto Inc. (NASDAQ:LI) released its latest delivery numbers on Tuesday, reporting 36,279 vehicles delivered in June 2025. This figure represents a 24.1% year-over-year decrease. However, for the second quarter of 2025, the company saw a 2.4% year-over-year increase, delivering a total of 111,074...