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Two former Pfizer executives, Ian Read and Frank D’Amelio, have distanced themselves from activist investor Starboard Value's plans to overhaul the company, citing support for current management. Starboard alleges they were coerced into this stance, claiming threats of litigation and compensation clawbacks. The investor, which holds a $1 billion stake in Pfizer, is pushing for changes amid the company's declining profitability and challenges in the pharmaceutical market.
Kamala Harris, as California's attorney general, took decisive action during the foreclosure crisis, ultimately securing a $20 billion settlement from major banks to aid homeowners. Despite significant principal reductions for over 84,000 families, many still lost their homes, highlighting the need for further reforms and accountability in the banking sector. Harris' efforts led to the Homeowners Bill of Rights, ensuring lasting protections for consumers against unlawful practices.
The Mobile Telemedicine market is projected to grow from USD 9,088.38 million in 2023 to USD 14,500.16 million by 2032, achieving a CAGR of 16.85%. This growth is driven by increased adoption, government initiatives, and advancements in technology across various applications, including hospitals and home care. Key players in the market include Koninklijke Philips N.V., GE Healthcare, and IBM, among others.
A multibillion-dollar race is underway among pharmaceutical companies to develop superior obesity drugs, with key contenders like Eli Lilly's Zepbound and Novo Nordisk's Wegovy leading the market. Upcoming trial results for various drugs, including Amgen's maritide and Roche's CT-996, are highly anticipated and could reshape the competitive landscape. As companies explore innovative approaches, such as preserving muscle mass during weight loss, the future of obesity treatment remains dynamic and closely watched.
Oil prices have declined as optimism over China's economic stimulus fades, compounded by rising US crude inventories. Investors are now focused on upcoming US inflation data, with expectations of a slight decrease, while recent Fed minutes revealed no plans for accelerated interest rate cuts. Additionally, Hurricane Milton poses potential risks along the Florida coast, with expected damages in the billions.
The Global Digital Payment in Healthcare Market is projected to grow from USD 10.4 billion in 2023 to USD 21.62 billion by 2029, driven by the rise of telehealth services and the demand for secure, efficient transactions. North America leads this growth due to advanced technology infrastructure and significant investments in digital solutions, while challenges like data security and integration with legacy systems persist. Key players include PayPal, Square, and Stripe, focusing on innovations to enhance patient experiences and streamline billing processes.
VPBank and the Japan Bank for International Cooperation (JBIC) signed a $150 million credit line on October 9 to finance green projects in Vietnam, focusing on renewable energy and power grid development to support the country's net-zero emissions goal by 2050. This agreement highlights the strengthening economic ties between Vietnam and Japan, with JBIC's support for environmental initiatives aligning with Vietnam's energy transition plans. Additionally, JBIC will provide a $36 million loan for an office building development in Ho Chi Minh City.
New data reveal a cancer risk associated with Skysona, a gene therapy for cerebral adrenoleukodystrophy (CALD), with seven cases of blood malignancies reported among 67 treated boys. While the therapy shows promise, concerns about its safety persist, prompting careful consideration by physicians and families. Bluebird bio, the therapy's developer, emphasizes patient well-being and informed decision-making amid ongoing scrutiny.
Azerbaijan, as COP29 President-Designate, is hosting critical climate negotiations in Baku, emphasizing the urgent need for decisive action against climate change. With extreme weather causing significant economic losses, the focus is on enhancing climate finance, particularly for developing nations, and ensuring political engagement at the highest levels to achieve ambitious climate goals. The COP29 Presidency aims to turn pledges into concrete actions, fostering collaboration among nations to address the climate crisis effectively.
The Federal Trade Commission has approved a final rule requiring healthcare companies to provide additional information when filing for mergers and acquisitions. This move aims to enhance scrutiny of such proposals in the healthcare sector.
USA
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Match Group, Inc.
Pfizer Inc.
Bristol-Myers Squibb Company
News Corporation
USA
Albert Bourla
Ian Read
Frank D'Amelio
Jeffrey Smith
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13:16 10.10.2024
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13:00 10.10.2024
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12:35 10.10.2024
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11:49 10.10.2024
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11:20 10.10.2024
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10:31 10.10.2024
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10:10 10.10.2024
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Cynthia Dunbar
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09:55 10.10.2024
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BRA
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Mukhtar Babayev
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09:38 10.10.2024
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