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[ad_1] Hopes are sky-high for Eli Lilly's recently launched weight loss drug Zepbound. Investors will be tuning into the company's fourth quarter earnings call on Feb. 6, eager to hear more about how that rollout is going. One key statistic will be the number of commercial health insurers providing coverage of the drug, which was approved by the Food and Drug Administration on Nov. 8. Lilly also is expected to reveal its outlook for 2024 for the first time. Zepbound, a once-a-week injection, has only been available in pharmacies since early December, but the average analyst expects that the drug's sales reached $75 million in the fourth quarter, according to StreetAccount. More importantly, by the end of 2024, analysts expect sales to ramp up to $3.79 billion, then more than double to $7.83 billion by 2025. Those estimates have been creeping higher heading into Eli Lilly's report, and analysts see the potential for further upside when Lilly provides its outlook. &#

[ad_1] As retailers tried to win shoppers and boost sales in recent years, they made their online return policies more lenient than ever. But those changes have come at a cost. As more consumers shop online and send back more of those orders, retailers have moved to crack down on fraud . In some cases, shoppers can send back different items than the ones they bought, return stolen items or claim a purchase never got delivered when it really did. Retailers estimate 13.7% of returns, or $101 billion worth, were fraudulent last year, according to a survey by Appriss Retail and the National Retail Federation. The share of returns expected to be fraudulent during the peak holiday season was even higher at 16.5%, or $24.5 billion worth, the survey found. Those goods are still flowing back in, as many retailers extend return windows for purchases made in November and December through the end of January. As retailers field those returns, fraud has become their top concern, industry expert

[ad_1] Hong Kong Disneyland Resort is opening a new land inspired by Disney's blockbuster "Frozen" movie franchise. The area, called World of Frozen, is set to open on Nov. 20, 2023. World of Frozen is a recreation of Arendelle — a fictional village featured in the "Frozen" movies that is home to the Disney sisters, Elsa and Anna. Disney's Elsa and Anna at World of Frozen in Hong Kong Disneyland. Source: MSL Singapore The new land will feature attractions like a "Frozen Ever After" boat ride and a "Wandering Oaken's Sliding Sleighs" roller coaster. "Frozen Ever After is the first attraction at Hong Kong Disneyland Resort to feature Walt Disney Imagineering's most advanced, all-electric Audio-Animatronics figures," according to a press release. These are lifelike robots that can move and talk, and which are present in attractions, such as Walt Disney World's Hall of Presidents and Tokyo DisneySea's Indiana J

[ad_1] Zaza Cristina Robles worked as a pregnancy coach in her native Peru, so when she arrived in the U.S. at 16 weeks pregnant, the first thing she did after settling in with her in-laws was to seek medical care. "When they showed us the bill, it was so expensive, my husband and I thought, 'If this is just for the doctor's visit, imagine what the delivery will be?' It scared us," she said. Her sister-in-law put her in touch with the Hispanic Health Council, a nonprofit in Hartford, Connecticut. The organization's Comadrona — or midwife — program helps Latina immigrants and low-income pregnant women navigate the complications of the U.S. health-care system. "They really helped clear up a lot of my fears," Robles said. The program helped Robles gain health-care coverage as she and her husband seek asylum in the United States. Her comadrona helped her find a doctor who treats low-income patients and connected her with other services. "One of

[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] Bob Iger, chairman and chief executive officer of The Walt Disney Company, pauses while speaking during an Economic Club of New York event in Midtown Manhattan on October 24, 2019 in New York City. Drew Angerer | Getty Images Disney has abandoned plans to open up a new employee campus in Lake Nona, Florida, amid rising tensions with the state's governor. Citing "changing business conditions" and the return of CEO Bob Iger, Josh D'Amaro, chairman of Disney's parks, experiences and products division, penned a memo to employees Thursday, announcing that the company will not move forward with construction of the campus and will no longer be asking more than 2,000 California-based employees to relocate to Florida. "This was not an easy decision to make, but I believe it is the right one," D'Amaro told employees. Many Disney employees balked at the company's relocation plans when they were first announced in July 2021 by former CEO Bob Cha

[ad_1] A photo showing the logo of Swiss pharmaceutical giant Roche in Basel. SEBASTIEN BOZON | AFP | Getty Images Swiss health care company Roche announced it would acquire Telavant Holdings Monday, in a deal worth $7.1 billion. Telavant creates drugs for people suffering from inflammatory and fibrotic diseases, and is in the process of developing a "promising new therapy" for patients with Crohn's disease, Roche said in a press release. This is a breaking news story, please check back later for more. [ad_2] Source link https://worldnews2023.com/top-stories/swiss-pharma-giant-roche-agrees-7-1-billion-deal-to-buy-telavant-holdings/?feed_id=305695&_unique_id=66650006a8e9d

[ad_1] MUMBAI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday was awarded for being ranked 'A+' in the Global Finance Central Banker Report Cards 2023 at Morocco's Marakesh, the central bank said. "Governor Shri Shaktikanta Das @DasShaktikanta received the Award for being ranked 'A+' in the Global Finance Central Banker Report Cards 2023, at #Marakkesh, #Morocco today," the RBI said in a post on 'X'. The Global Finance annual Central Banker Report Cards recognise those central bank governors whose strategies outperformed their peers through originality, creativity and tenacity, the RBI added. "We are happy to announce that Governor Shri Shaktikanta Das has been rated "A+" in the Global Finance Central Banker Report Cards 2023. Shri Das has been placed at the top of the list of three central bank governors who have been rated A+," the RBI said in an earlier post on 'X' in September. Apart from D

[ad_1] Craig Warga | Bloomberg | Getty Images Manhattan apartment sales fell by 29% in the fourth quarter, sparking fears of a frozen market in which buyers and sellers stay on the sidelines due to economic and rate fears. There were 2,546 sales in the quarter, down from 3,560 last year, according to a report from Douglas Elliman and Miller Samuel. The decline was the largest since the third quarter of 2020, during the depths of the pandemic. Prices also declined for the first time since early 2020, with the median price down 5.5%. The declines in both sales and prices mark the end of the roaring comeback in Manhattan real estate after the worst days of the pandemic and raise fears of continuing weakness into the new year. Rising interest rates, a weaker economy and a falling stock market, which has an outsized impact on Manhattan real estate, are all likely to weigh on the market this year. Analysts say their big worry is a prolonged standoff between buyers and sellers — with sel

[ad_1] The Buffalo Bills ran back the opening kickoff for a touchdown 14 seconds into their matchup against the New England Patriots Sunday afternoon in the regular season finale. It was the team's first game since the Bills' safety, Damar Hamlin,  collapsed and suffered cardiac arrest  in the midst of a Monday night game against the Bengals in Cincinnati — and the team said its stunning success from the very start of the game was in Hamlin's honor. As the game began, Hamlin's  Twitter account posted  a photo of him watching from his hospital bed, wearing a "Love for Damar" jersey with his hands forming the shape of a heart. Shortly after, Hamlin appeared to react to running back Nyheim Hines' jaw-dropping play mere seconds into the game,  tweeting , "OMFG!!!!!!!!!!!!!" The NFL and the Bills interpreted the play as a tribute to Hamlin: Following the touchdown, the NFL  tweeted , "that was for 3," and the Bills  tweeted , "mean

[ad_1] A customer enters Comerica Inc. Bank headquarters in Dallas, Texas. Cooper Neill | Bloomberg | Getty Images A trio of regional banks faces increasing pressure on returns and profitability that makes them potential targets for acquisition by a larger rival, according to KBW analysts. Banks with between $80 billion and $120 billion in assets are in a tough spot, says Christopher McGratty of KBW. That's because this group has the lowest structural returns among banks with at least $10 billion in assets, putting them in the position of needing to grow larger to help pay for coming regulations — or struggling for years. Of eight banks in that zone, Comerica , Zions and First Horizon might ultimately be acquired by more profitable competitors, McGratty said in a Nov. 19 research note. Zions and First Horizon declined comment. Comerica didn't immediately have a response to this article. While two others in the cohort, Western Alliance and Webster Financial , have "

[ad_1] Eli Lilly headquarters in Indianapolis, Indiana, US, on Wednesday, May 3, 2023. Eli Lilly & Co.'s shares climbed in early US trading after its experimental drug for Alzheimer's slowed the progress of the disease in a final-stage trial, paving the way for the company to apply for US approval. AJ Mast | Bloomberg | Getty Images Eli Lilly said Friday that the Food and Drug Administration has pushed back its approval decision deadline for the drugmaker's experimental Alzheimer's treatment donanemab in a surprise move. The agency plans to call a last-minute meeting of its outside advisors to further review the treatment's safety and efficacy in a late-stage trial, Eli Lilly said. The FDA has not disclosed the date of that meeting, so a potential approval would likely come after this month. The FDA was expected to decide whether to greenlight the medicine by the end of the first quarter. That deadline was already delayed from an expected approval last ye

[ad_1] NEW DELHI/BENGALURU: Indian gaming app Mobile Premier League will lay off 350 employees as it takes steps to "survive" a tax imposed by the Indian government on online gaming companies, according to an internal memo seen by Reuters on Tuesday. The move comes on the back of the government's decision last month to impose a 28% goods and services tax( GST ) on funds that online gaming companies collect from customers. The new rule will increase the company's tax burden by 350%-400%, MPL CEO Sai Srinivas said in the memo, adding that the company is revisiting expenses related to their server and office infrastructure. "Adjusting to a sudden increase of this magnitude means we need to make some very tough decisions ... We must take steps to bring these expenses down in order to survive and to ensure that the business remains viable," Srinivas said. MPL did not immediately respond to Reuters' request for comment. Half the workforce employed by t

[ad_1] The container ship, Safeen Pride, with a destination of 'HODEIDAH (ARMED GUARDS)' seen at sea on January 17, 2024 in Djibouti, Djibouti.  Luke Dray | Getty Images Commanders from Iran's Islamic Revolutionary Guards Corps (IRGC) and Lebanon's Hezbollah group are on the ground in Yemen helping to direct and oversee Houthi attacks on Red Sea shipping, four regional and two Iranian sources told Reuters. Iran — which has armed, trained and funded the Houthis — stepped up its weapons supplies to the militia in the wake of the war in Gaza, which erupted after Iranian-backed militants Hamas attacked Israel on Oct. 7, the four regional sources said. Tehran has provided advanced drones, anti-ship cruise missiles, precision-strike ballistic missiles and medium-range missiles to the Houthis, who started targeting commercial vessels in November in solidarity with Palestinians in Gaza, the sources said. IRGC commanders and advisers are also providing know-how, data and in