The FDA’s decision means Madrigal has succeeded in a disease area that several larger companies have failed — or are still trying to break into.
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Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI
The move shows the rising importance of AI in financial services, sparked by the rise of generative AI tools that create human-like responses to queries.
Continue readingWall Street isn’t pleased that Kevin Plank is returning as Under Armour’s CEO, shares plunge 12%
Stephanie Linnartz, a former Marriott executive who took over at Under Armour in February 2023, is the second CEO UAA has cycled through in less […]
Continue readingInside the organized crime rings plaguing retailers including Ulta, T.J. Maxx and Walgreens
Organized retail crime rings can involve groups that sell stolen goods at flea markets and more sophisticated networks that resell stolen goods on Amazon.
Continue readingEli Lilly taps Amazon Pharmacy to help deliver weight loss drug Zepbound, other medicines to patients
Amazon Pharmacy second online pharmacy to partner with Eli Lilly’s site, and could provide faster deliveries for certain patients.
Continue readingSpaceX cleared to attempt third Starship launch Thursday after getting FAA license
The Federal Aviation Administration on Wednesday issued SpaceX with the launch license the company needed to fly its latest Starship prototype.
Continue readingKevin Plank returns as Under Armour CEO, Mohamed El-Erian named board chair
Under Armour announced CEO Stephanie Linnartz is stepping down from her role just over a year after she started.
Continue readingEV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans
Automakers from Ford and GM to Mercedes-Benz, Volkswagen and Aston Martin are scaling back or delaying their electric vehicle plans.
Continue readingPetco CEO Ron Coughlin is out, former Best Buy exec to step in as interim chief executive
Ron Coughlin has served as Petco’s CEO for more than five years and has been instrumental in transforming the company into a health and wellness […]
Continue reading‘Dollars up, donors down’: More charity money is coming from the ultra-wealthy
Charitable donations are becoming hyper-concentrated among a small group of ultra-wealthy mega-donors.
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