Gilead Sciences, a biopharmaceutical company, recently announced groundbreaking results from a late-stage trial of its experimental twice-yearly HIV prevention medicine, lenacapavir. The trial showcased a remarkable 100% effectiveness in preventing HIV transmission among approximately 2,000 women who received the injectable shot. This development has the potential to revolutionize HIV prevention strategies and expand Gilead’s presence
Business
In recent times, one genre that has been noticeably absent from the box office is family films. While there have been a few kid-friendly hits such as “Super Mario Bros.” that have helped in boosting ticket sales, the overall presence of family features on the big screen has been lacking. Many family movies either made
The recent Chapter 11 bankruptcy filing by Fisker, a once-promising all-electric vehicle startup, adds to a growing list of failed companies in the electric vehicle (EV) industry. Lackluster consumer demand, significant cash burn, operational challenges, and product issues have plagued Fisker, leading to its downfall. The collapse of Fisker follows other SPAC-backed companies such as
Senator Elizabeth Warren has recently accused Federal Reserve Chair Jerome Powell of bowing to pressure from the financial industry. She claims that Powell is advocating for changes to regulations that would decrease the capital large banks are required to hold. Warren’s concern is rooted in the fact that these regulations, known as Basel III, were
Eli Lilly has seen a surge in demand for its weight loss and diabetes treatments in recent times, which has led to a significant increase in its revenue. The outgoing Chief Financial Officer, Anat Ashkenazi, highlighted the company’s success in managing the windfall from its diabetes injection Mounjaro and obesity drug Zepbound. This success has
Disney and Pixar’s latest film, “Inside Out 2,” made a significant impact at the box office this weekend, surpassing expectations with an estimated $155 million in domestic earnings. This successful debut has garnered attention not only for its impressive financial performance but also for its implications for the broader theatrical industry. After facing challenges in
NASA recently announced that Boeing’s Starliner capsule, named “Calypso,” will have an extended stay at the International Space Station. Originally planned for a nine-day mission, Calypso’s stay has now been extended to at least 17 days. This decision was made to allow for further spacecraft testing while it is docked with the ISS. During the
Sony Pictures has made a groundbreaking move by acquiring Alamo Drafthouse, the seventh-largest movie theater chain in North America. This acquisition marks a significant moment in the industry, as it is the first time a studio has purchased a theater chain since the Department of Justice’s antitrust division terminated the decree that prohibited certain film
The news hit the competitive eating world like a ton of bricks – Major League Eating has decided to part ways with 16-time champion Joey “Jaws” Chestnut ahead of this year’s Nathan’s Famous Fourth of July hot dog eating contest. This decision comes after Chestnut made the choice to represent a rival brand that sells
The much-anticipated merger between Paramount Global and Skydance has come to a screeching halt as National Amusements, owned by Shari Redstone, has decided to stop talks with Skydance regarding the proposed deal. The news, reported by CNBC’s David Faber, sent shockwaves through the industry as stakeholders awaited the outcome. The merger, which was on the