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[ad_1] Eli Lilly logo is shown on one of the company's offices in San Diego, California, U.S., September 17, 2020.  Mike Blake | Reuters Eli Lilly on Tuesday reported first-quarter adjusted profit that topped Wall Street's expectations and hiked its full-year guidance on strong sales of its blockbuster diabetes drug Mounjaro and newly launched weight loss treatment Zepbound. The drugmaker now expects full-year adjusted earnings of $13.50 to $14.00 per share, up from previous guidance of $12.20 to $12.70 per share. Eli Lilly also expects revenue for the year to come in between $42.4 billion and $43.6 billion, an increase of $2 billion at either end of the range. Analysts surveyed by LSEG expected full-year adjusted earnings of $12.50 per share and sales of $41.44 billion.  The company said the boosted guidance is in part due to optimism around increased production of Zepbound, Mounjaro and similar drugs for the rest of the year. "Now that we're four months into th

[ad_1] NEW DELHI: Leading bourse National Stock Exchange ( NSE ) on Tuesday raised the price band of four Adani Group firms, including Adani Power and Adani Transmission . The changes, which will be effective from Wednesday, will ensure that the price of the scrip cannot move upward or downward beyond a limit set for the day, according to a circular. NSE has enhanced the circuit limit of Adani Power to a maximum of 20 per cent from the current limit of 5 per cent. In addition, the exchange has increased the circuit limit of Adani Wilmar, Adani Green Energy and Adani Transmission to 10 per cent from the present 5 per cent level. The exchange has decided to revise the circuit limit of a total of 172 companies. In January, bourses BSE and NSE lowered the circuit limit of Adani Transmission, Adani Green Energy and Adani Total Gas. Generally, exchanges set the circuit limits to curb large movements in the price of shares in a very short time. The decision was taken after the heavy

[ad_1] President Joe Biden delivers remarks about the Build Back Better legislation's new rules around prescription drug prices in the East Room of the White House on December 06, 2021 in Washington, DC. Chip Somodevilla | Getty Images Five of Pfizer's drugs will cost less for Medicare recipients starting next month as part of President Joe Biden's plan to lower prescription drug costs, the Department of Health and Human Services said Wednesday.  Pfizer's drugs are among the first set of 27 Part B prescription drugs that will be subject to Medicare inflation rebates starting April 1, according to the department. That requires Pfizer and other prescription drug companies to refund Medicare through rebates because the prices for those drugs rose faster than the rate of inflation.  Pfizer's drugs include the blood thinner Fragmin , which was approved by the Food and Drug Administration in 1994. It also includes Atgam , a medicine used to treat symptoms of Renal

[ad_1] NEW DELHI: Flagging a CAG report that pointed to loopholes in the efforts to deal with plastic waste in the country, a parliamentary panel has expressed disappointment at the "lackadaisical" approach of the central pollution watchdog , CPCB , in dealing with the problem and asked the environment ministry to bridge the data and implementation gaps to fight the plastic menace. Though the panel, Public Accounts Committee (PAC), noted the ministry's efforts to deal with plastic waste since May 2021, its 57-page report underlined the absence of effective measures that could save people from the hazards of plastic pollution. The PAC report on 'pollution caused by plastic' was tabled in Parliament during the budget session. The 22-member committee, comprising MPs of various political parties from both Lok Sabha and Rajya Sabha, is headed by Congress member in the lower House Adhir Ranjan Chowdhury. Plastic waste generation has increased substantially from

[ad_1] A vial labelled "Novavax V COVID-19 Vaccine" is seen in this illustration taken January 16, 2022.  Dado Ruvic | Reuters Novavax 's updated Covid vaccine won the backing of U.S. regulators on Tuesday, putting the shot on track to roll out weeks after new jabs from Pfizer and Moderna reached Americans. The Food and Drug Administration authorized Novavax's single-strain vaccine, which targets omicron subvariant XBB.1.5 , for emergency use in people ages 12 and up. The Centers for Disease Control and Prevention is now including Novavax's shot in the same recommendation it issued last month for updated vaccines from Pfizer and Moderna. That recommendation says all Americans ages six months and older can receive an updated Covid jab. Novavax said in a statement that doses of the shot will likely be available within the next few days. "Novavax's authorization today means people will now have the choice of a protein-based non-MRNA option to help

[ad_1] NEW DELHI: Private forecasting agency Skymet Weather has predicted a bleak monsoon in India over the next four weeks, raising concerns about the impact on agriculture. "Extended Range Prediction System (ERPS) is projecting a dismal outlook for the next four weeks, until July 6. Agriculture heartland is looking rather cracked and parched. This coincides with the crucial time of sowing or at least preparing the field, with the hope of impending rains," it said on Monday. The central and western parts of India, which form the core monsoon zone, may face challenges in coping with the drying effects due to inadequate rainfall early in the season, Skymet Weather said. The southwest monsoon reached Kerala on June 8, a week after the usual date of June 1. Cyclone Biparjoy in the Arabian Sea first delayed the monsoon onset over Kerala and is now impeding the advance of the rain-bearing system, preventing it from reaching the interior regions of the peninsula, the privat

[ad_1] BENGALURU: Early on Friday, scientists from the Isro Telemetry, Tracking and Command Network (Istrac) implemented the fourth Earth-bound manoeuvre of Aditya-L1 , India’s first solar space observatory mission, that was launched on September 2. Today's manoeuvre happened at 2.15am. The spacecraft is now in an orbit of 256km x 1,21,973km, Isro said, adding that its ground stations in Mauritius, Bengaluru, Sriharikota and Port Blair tracked the satellite during this operation, while a transportable terminal currently stationed in the Fiji islands for Aditya-L1 will support post-burn operations. A day ahead of the launch, Isro had said that post launch, Aditya-L1 would stay in Earth-bound orbits for 16 days, during which it would undergo five manoeuvres to gain the necessary velocity for its journey. Subsequently, it would undergo a Trans-Lagrangian1 Insertion (TLI) manoeuvre, marking the beginning of its 110-day trajectory to the destination around the L1 Lagrange point.

[ad_1] Thibaut Mongon, CEO of Kenvue Inc. a Johnson & Johnson consumer-health business, speaks during an interview with CNBC during his company's IPO at the New York Stock Exchange (NYSE), May 4, 2023. Brendan McDermid | Reuters Kenvue CEO Thibaut Mongon is betting on brand and product innovation to drive growth at the newly spun-out company after its solid debut on the public market Thursday.  "In the next quarter and frankly, in the years to come, we are going to continue to do what we do best, which is innovating to find new ways to serve consumers and help them take better care of their health," Mongon told CNBC in an interview shortly after shares of Kenvue started trading on the New York Stock Exchange.   related investing news Shares of the company gained 22% Thursday to close at $26.90 per share. The stock hovered around that level in early trading Friday, giving the company a market value of roughly $50 billion.  Kenvue, spun out of Johnson & Joh

[ad_1] HYDERABAD: Vaccine maker Indian Immunologicals Ltd on Monday said it has entered into a partnership with Bhubaneswar-based Central Institute of Freshwater Aquaculture ( CIFA ), an Indian Council of Agricultural Research (ICAR) institute, for the commercial development of a freshwater fish vaccine against Hemorrhagic Septicemia . Also called Aeromonas Septicemia , Ulcer Disease or Red-Sore Disease, Hemorrhagic Septicemia is an infection caused by Aeromonas Hydrophila, an opportunistic pathogenic bacterium, in freshwater fish. All the cultured freshwater fish species in India like Rohu, Catla, Mrigal, Silver Carp, Grass Carp, Common Carp, Medium Carp, Channel Catfish and Eel are susceptible to this disease, which is the scourge of fresh and brackish water fish farming worldwide and has emerged as a significant economic problem in Indian aquaculture over the past few decades, IIL said. Pointing out that over the years, antibiotics and chemo-therapeutants have been used for

[ad_1] NEW DELHI: Vaccines administered for COVID-19 did not increase the risk of sudden death among young adults in India but it was the post-Covid hospitalisation, family history of sudden death, and certain lifestyle behaviours that are likely the underlying causes, according to a peer-reviewed ICMR study. The study by Indian Council of Medical Research(ICMR) was conducted through the participation of 47 tertiary care hospitals across India.Cases were apparently healthy individuals aged 18-45 years without any known co-morbidity, who suddenly died of unexplained causes during October 2021-March 2023. Interviews were recorded to collect data on COVID-19 vaccination, infection and post-COVID-19 conditions, family history of sudden death, smoking, recreational drug use, alcohol frequency and binge drinking and vigorous-intensity physical activity two days before death. "Lifestyle factors such as current smoking status, alcohol use frequency, recent binge drinking, recreati

[ad_1] A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023.  George Frey | Reuters Drugmakers aren't the only ones feeling the impact of the weight loss industry gold rush.  Retailers with pharmacy businesses, such as Walmart , Kroger and Rite Aid , said increased demand for prescription weight loss drugs helped boost sales for the second quarter.  But analysts note that those blockbuster treatments are minimally profitable for retail pharmacies – and may even come with margin headwinds. "More recently, you're starting to hear retailers talk about these drugs. But I wouldn't say they're necessarily beneficiaries of the increased popularity," Arun Sundaram, an analyst at CFRA Research, told CNBC. "They're really not making much of a profit on the drugs. So it's really just a traffic driver and not really a p

[ad_1] Pharmacist Ani Martirosyan administers an immunization to a patient at a CVS on Tuesday, Sept. 12, 2023 in Glendale, CA. Brian Van Der Brug | Los Angeles Times | Getty Images The rollout of a new round of Covid vaccines in the U.S. is off to a bumpy start as some patients report delays in health insurance coverage for the shots.  Private insurance plans and government payers such as Medicare are required to cover the new jabs from Pfizer and Moderna , which became available late last week. U.S. regulators have recommended all Americans ages 6 months and up get the new round of vaccines.  The Centers for Medicare & Medicaid Services, some private health-care providers and CVS confirmed the temporary delays in coverage and emphasized that Americans can access Covid vaccines at no cost through insurance plans. They said the reason for the delays is that some insurers are still working to update their plans to include the new vaccines. Dozens of posts on social medi

[ad_1] Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019. Ann Saphir | Reuters Federal Reserve Governor Michelle Bowman expressed skepticism over the possibility of a digital U.S. dollar, noting Tuesday the multiple risks such a system could impose. A central bank digital currency (CBDC) could intrude on the privacy of users and harm the banking system while providing few benefits that aren't otherwise available for banked and unbanked consumers alike, Bowman said in a speech. related investing news "We must ensure that consumer data privacy protections embedded in today's payment systems continue and are extended into future systems," she said in prepared remarks at Georgetown University. Bowman further noted "the risk that a CBDC would provide not only a window into, but potentially an impediment to, the freedom Ameri

[ad_1] The consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least some of its grip on the U.S. economy. Prices accelerated 0.2% for the month, in line with the Dow Jones estimate, the Bureau of Labor Statistics reported Thursday. However, the annual rate was slightly below the 3.3% forecast though higher than June. Excluding volatile food and energy prices so-called core CPI also increased 0.2% for the month, equating to a 12-month rate of 4.7%. The annual rate for core also was slightly below a Dow Jones consensus estimate for 4.8%. Markets reacted positively to the report, with futures tied to the Dow Jones Industrial Average up nearly 200 points and Treasury yields mostly lower. Almost all of the monthly inflation increase came from shelter costs, which rose 0.4% and were up 7.7% from a year ago. The BLS said more than 90% of the increase came from that category, which accounts for about one-third of the CPI weighting. Food prices incre

[ad_1] MUMBAI: Former ICICI Bank CEO Chanda Kochhar accepted " illegal gratification " of Rs 64 crore other than legal remuneration as a motive or reward and also "misappropriated the bank's funds for her own use", submitted the prosecution on Monday, urging the special CBI court to take cognisance of the chargesheet against Kochhar, her husband Deepak Kochhar and Videocon promoter Venugopal Dhoot in a Rs 3,250-crore loan fraud case. The CBI, through special public prosecutor A Limosin, said she conspired with the other accused to sanction credit facilities in favour of companies of the Videocon Group. The court will continue to hear arguments on July 3. In furtherance of a criminal conspiracy on August 26, 2009, a rupee term loan of Rs 300 crore was sanctioned to M/s Videocon International Electronics Limited by the ICICI bank committee of directors headed by Kochhar, said CBI. The loan amount was disbursed on September 7 and through a complex maze i

[ad_1] UDAIPUR: The Indian Institute of Management Udaipur (IIMU) takes a significant step towards a sustainable future, with the installation of a 500 kW solar plant on its campus, marking a milestone in their Sustainability@IIMU campaign. This initiative aligns with the institute's commitment to reduce its carbon footprint and promote renewable energy adoption. The solar plant, set to cater to 30% of the institute's energy needs, is anticipated to generate approximately 2,500 units per day and an impressive 7.30 lakh units annually. This substantial energy production is expected to result in an estimated financial saving of 18 lakhs per annum, a testament to the economic viability of sustainable energy solutions. Additionally, the solar plant will offset an estimated 543 tons of CO2 from the institute's overall carbon footprint annually. In conjunction with the solar plant installation, IIM Udaipur has illuminated the campus by installing 200 solar street light