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FDA Approves First New Alzheimer's Drug in Nearly Two Decades The U.S. Food and Drug Administration said it approved the drug, which has the molecular name aducanumab and will be sold as Aduhelm, based on evidence it reduces a sticky substance in the brain called amyloid that is associated with Alzheimer's.
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Money Stuff: SPACs Can Shoot Out SPARCs We talked on Friday about Pershing Square Tontine Holdings Ltd., Bill Ackman's special purpose acquisition vehicle, which will fission into three SPAC-like things: It will do a somewhat SPAC-ish deal with Universal Music Group BV and distribute Universal ...
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FDA Approves Alzheimer's Drug Despite Fierce Debate Over Whether It Works The drug, aducanumab, which will go by the brand name Aduhelm, is a monthly intravenous infusion intended to slow cognitive decline in people with mild memory and thinking problems. It is the first approved treatment to attack the disease process of ...
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Thousands of bitcoin believers descended on Miami to party and preach the gospel of 'HODL' A mask-less, sold-out crowd of 12,000 attendees spent two days glad-handing, hugging, sending crypto wallet to wallet, and closing business deals in between panels and speeches. A common refrain from some of the biggest names on stage was that ...
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FDA Approves Alzheimer's Drug Despite Fierce Debate Over Whether It Works It is the first approved treatment to attack the disease process of Alzheimer's instead of just addressing dementia symptoms. Recognizing that clinical trials of the drug had provided incomplete evidence to demonstrate effectiveness, the F.D.A. granted approval ...
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HSBC Appoints Liao, Rosha as Co-CEOs of Asia Pacific HSBC Holdings Plc named David Liao and Surendra Rosha as co-chief executive officers of Asia Pacific, taking over from long-time regional boss Peter Wong. Wong will become non-executive chairman of The Hongkong and Shanghai Banking Corp., the ...
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El Salvador president's bitcoin push casts shadow over IMF efforts LONDON (Reuters) -A push by El Salvador's President Nayib Bukele to make his country the first in the world to formally adopt bitcoin as legal tender has sparked concerns about the outlook for its programme with the International Monetary Fund (IMF).
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Dollar dips slightly as investors wait on the sidelines The dollar edged lower on Monday as investors looked ahead to European and U.S. central bank meetings and U.S. inflation data after Friday's lower-than-expected jobs data. Friday's U.S. jobs data had put pressure on the dollar as investors bet that jobs ...
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BoE says 'stablecoin' payments need same rules as banks The central bank also said it had made no decision yet about whether to issue its own central bank digital currency, or CBDC, a prospect dubbed 'Britcoin' by finance minister Rishi Sunak when he asked the BoE to look into this in April.
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AMC, other retail stock favorites jump; regulator signals concern (Reuters) -Shares of AMC Entertainment Holdings Inc and other "meme stocks" supported by individual traders jumped on Monday, extending a rally in social-media favorites into a third week as message boards hummed with talk of squeezing Wall Street ...
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