Eli Lilly Chair and CEO Dave Ricks speaks during a press conference in Houston, Texas, Sept. 23, 2025. Antranik Tavitian | Reuters Eli Lilly has agreed to pay up to $7.8 billion to acquire Centessa Pharmaceuticals and its experimental drug for excessive daytime sleepiness, the company said Tuesday. Centessa is one of several companies working…
“Project Hail Mary” is setting records for Amazon MGM and lighting the path for a box-office revitalization. The science fiction flick, starring Ryan Gosling, has tallied more than $300 million globally since its theatrical opening two weeks ago. That marks the best performance for an Amazon MGM film ever. “The runaway success of ‘Project Hail…
Andreswd | E+ | Getty Images Because of the extremely high interest rates, credit cards are one of the most expensive ways to borrow money. Even so, at least one-third of credit card users carry a balance from one month to the next, according to the Federal Reserve Bank of Boston. However, a new paper…
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Izusek | E+ | Getty Images After weeks of stock market declines amid the U.S.-Iran war, some investors may be eyeing a chance to “buy the dip,” or purchase assets at temporarily lower prices, which can offer higher returns when the market rebounds. But the move carries risks, some advisors say. Buying the dip was…
Jars of Unilever brand Hellmann’s mayonnaise for sale at a store in Dobbs Ferry, New York, U.S., Wednesday, Jan. 19, 2022. Tiffany Hagler-Geard | Bloomberg | Getty Images McCormick will buy Unilever’s food business for a combination of cash and equity, in a deal that values the Unilever unit at nearly $45 billion, the two…
Wegovy semaglutide tablets. Michael Siluk | Universal Images Group | Getty Images Novo Nordisk on Tuesday launched a multi-month subscription program for its Wegovy obesity drug products that aims to ensure cash-paying patients see lower, “predictable” monthly prices. Eligible patients can choose between three-, six- or 12-month subscriptions for the Wegovy injection or the two…
Jose Luis Pelaez | Getty Images Student loan borrowers will soon be removed from the Saving on a Valuable Education, or SAVE, plan, the Trump administration announced on Friday. The Education Department said it would send guidance to the 7.5 million people who signed up for the now-defunct repayment plan. “In the guidance, the Department…
The NFL shield logo on the field during a preseason game between the Los Angeles Rams and the Houston Texans at NRG Stadium in Houston on Aug. 24, 2024. Ric Tapia | Getty Images Sport | Getty Images The NFL is asking prediction market operators to keep specific event contracts that the league deems “objectionable…
Pickleball paddle producer Devi Wei has a message for U.S. shoppers. “Americans will have to pay more,” the Chinese businessman told CNBC at a Beijing trade show last week at the China International Exhibition Center. Because of the recent swings in oil prices resulting from the Iran war and closure of the Strait of Hormuz,…