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Pfizer’s weight loss pill, FDA rejects Novo’s weekly insulin, and FTC says drug middlemen are hiking prices: Pharma news round up

Pfizer said on Thursday that it is advancing development of a once-daily weight loss pill, which it believes could be competitive in the GLP-1 space. The U.S. Food and Drug Administration (FDA) did not approve Novo Nordisk’s once-weekly insulin. And the U.S. Federal Trade Commission (FTC) said in a report that…Read more...

June 2024 jobs report: What labor market data says about the economy

The Summary The Labor Department's June jobs report showed employers added 206,000 roles last month, down from 218,000 in May. Unemployment ticked up to 4.1%, inching above 4% for the first time since November 2021 while remaining historically low. The labor market has defied long-running forecasts of a sharper pullback in hiring, though conditions are

Stock market today: Stocks wobble as S&P 500, Nasdaq try to build on records

US stocks gained on Monday to start a consequential week that could provide key signals for the near-term path of interest rates. The S&P 500 (^GSPC) rose 0.1% and the tech-heavy Nasdaq Composite (^IXIC) climbed 0.3%, with each index managing to notch fresh records. The Dow Jones Industrial Average (^DJI) erased earlier session gains to