The recent recommendation from a panel of independent advisors to the Food and Drug Administration (FDA) to approve Eli Lilly’s Alzheimer’s drug donanemab is a significant development in the field of neurodegenerative diseases. This decision paves the way for the treatment to potentially receive full approval in the U.S. later this year, offering a new
admin
GameStop took a hit as its shares plummeted by 12% on Monday, following a significant decline of almost 40% on Friday. The drop was triggered by a dismal earnings report, which revealed a 29% decrease in sales in the first quarter. The company’s stock fell to about $25 per share as investors reacted negatively to
In a move to cater to high-spending travelers seeking more comfort and amenities during their flights, Delta Air Lines has announced the introduction of premium economy service on its transcontinental flights starting in September. This decision marks a significant shift in the airline industry’s strategy to boost revenue amidst a challenging market landscape. Premium economy,
As a renowned expert in stock market crashes, the question of when the next crash will occur is a common one. A crash is typically the result of several key elements aligning in the market. Firstly, a frothy stock market tends to precede a crash. Historical data shows that some of the biggest crashes followed
As of the first quarter of 2024, total home equity for U.S. mortgage holders reached over $17 trillion, just short of the all-time high set in the previous year. Data from CoreLogic indicates that the average equity per borrower has increased by $28,000 to approximately $305,000. This substantial rise in wealth represents a nearly 70%
Different experts have varying opinions on the current state of the housing market in the latter half of the year. While some like Glenn Kelman, chief executive of Redfin, predict an improvement in the market due to hitting rock bottom in the first quarter of 2024, others like Jeff Ostrowski, a housing analyst at Bankrate.com,
Family offices are increasingly shifting their investment strategies towards becoming their own private equity funds. A recent survey by BNY Mellon Wealth Management revealed that 62% of family offices made at least six direct investments in the previous year. This involved buying stakes in private companies or providing lending directly. Moreover, a staggering 71% of
The U.S. economy seems to have created a clear division between those who have enough and those who do not. This division is also apparent among retirees, with an estimated $84 trillion expected to shift from older to younger generations by 2045. However, despite this massive wealth transfer, there are concerns about a looming retirement
Moderna has made waves in the medical community with its announcement of a combination vaccine that targets both Covid-19 and the flu. This groundbreaking vaccine has shown to be more effective than existing standalone shots for these viruses in a late-stage trial. The implications of this development are significant, as it could potentially revolutionize the
Elliott Management, an activist hedge fund, has recently acquired a significant $1.9 billion stake in Southwest Airlines. This move by Elliott signals its intention to push for leadership changes within the airline, which it believes has fallen from a “best-in-class” status to become one of the biggest laggards in the industry. The fund is seeking