The FDA’s independent panel of advisors voted against endorsing accelerated approval of Biogen’s investigational ALS drug for a rare and aggressive form of the disease. The vote is not binding on the FDA, though the agency often follows the panel’s guidance. It will make a final decision on April 25. The drug tofersen was developed … Read more
Nike beat Wall Street’s expectations for its fiscal third-quarter earnings and revenue. The retailer has been contending with a glut of inventory and soft sales in China as the region recovers from the Covid pandemic. Investors have been watching to see if Nike’s gross margins improve from its direct-to-consumer channels. Nike easily beat Wall Street’s … Read more
Candida auris is a yeast responsible for many infections. Resistant to most anti-fungal drugs, this fungus causes several deaths worldwide. BSIP | Universal Images Group | Getty Images A fungus that is often resistant to drugs has spread at an “alarming rate” through health-care facilities in the U.S., according to the Centers for Disease Control … Read more
A healthcare worker administers a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, U.S., on Wednesday, Jan. 26, 2022. Vanessa Leroy | Bloomberg | Getty Images People who caught Covid-19 before they were vaccinated had a weaker immune response to the shots than those who … Read more
Dodge is resurrecting its controversial muscle car model, the Challenger SRT Demon, with a final special edition of the vehicle before production ends on the brand’s current V8 engine cars later this year. Dodge says the new car will deliver 1,025 total horsepower, 945 foot-pounds of torque and reach 60 mph from a rolling start … Read more
Retailers including Target, Macy’s and Kroger previewed their recessionary playbooks in recent earnings reports. The companies’ strategies include stocking up on high-frequency items like food, becoming more strategic about discounts and winning more of loyal customers’ wallets. A woman carries bags of merchandise from J.Crew, Nordstrom, UGG, and Victorias Secret at the King of Prussia … Read more