UPS eyes in-home health services with U.S. vaccine project

UPS eyes in-home health services with U.S. vaccine project
LOUISVILLE, Ky. – United Parcel Service Inc wants to get beyond U.S. doorsteps with a new push into healthcare. Chris Cassidy, who leads United Parcel Service’s (UPS) global healthcare logistics strategy, is seen at the package delivery firm’s Worldport sorting facility in Louisville, Kentucky, U.S., February 5, 2019. Picture taken February 5, 2019. REUTERS/Lisa Baertlein The world’s largest package delivery... Read More

Biogen scraps two Alzheimer drug trials, wipes $18 billion from market value

Biogen scraps two Alzheimer drug trials, wipes $18 billion from market value
CHICAGO/TOKYO (Reuters) – Biogen Inc and partner Eisai Co Ltd are ending two late-stage trials of their experimental Alzheimer’s disease drug aducanumab, a major setback in the quest to find a treatment for the mind-wasting disease and blow to Biogen, which lost more than $18 billion of its value on Thursday. Experts had seen aducanumab as one of the last... Read More

Biogen scraps Alzheimer drug trials, wiping $17 billion off its market value

Biogen scraps Alzheimer drug trials, wiping $17 billion off its market value
(Reuters) – Biogen and partner Eisai Co Ltd are ending two late-stage trials for the experimental Alzheimer’s drug aducanumab, in a setback to efforts to find treatments for the disease and for Biogen’s stock, which lost more than $17 billion of its value on Thursday. FILE PHOTO: A sign marks a Biogen facility in Cambridge, Massachusetts, U.S. January 26, 2017.... Read More

Short & distort? The ugly war between CEOs and activist critics

Short & distort? The ugly war between CEOs and activist critics
NEW YORK (Reuters) – On the morning of July 11, Paul Pittman was on a corn farm in Western Illinois, unaware his company had taken a devastating hit. Joshua Mitts, Associate Professor of Law at Columbia University in New York City, is seen in this undated photo released from New York, NY, U.S., March 8, 2019. Courtesy Sam Hollenshead/Columbia Law... Read More

Exclusive: Sanofi says working on CEO succession plan

Exclusive: Sanofi says working on CEO succession plan
PARIS (Reuters) – Pharmaceuticals group Sanofi is working on a plan to find a new CEO in agreement and consultation with current chief executive Olivier Brandicourt, a spokesman for the French drugmaker told Reuters on Monday. FILE PHOTO: The logo of Sanofi is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau... Read More

Mutual funds start to put their mouth where their money is

Mutual funds start to put their mouth where their money is
(Reuters) – Corporate America’s biggest shareholders have traditionally been content with sharing their views on a company’s strategy privately with management. FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured at the headquarters in Le Passage, near Agen, France March 29, 2018. REUTERS/Regis Duvignau/File Photo But now some mutual funds are beginning to rethink their stance, amid pressure... Read More

GE forecasts 2019 profit below estimates, shares fall

GE forecasts 2019 profit below estimates, shares fall
FILE PHOTO: The logo of U.S. conglomerate General Electric is pictured at the company’s site of its energy branch in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler/File Photo (Reuters) – General Electric Co forecast adjusted earnings of 50 cents to 60 cents per share for 2019, below analysts’ expectations of around 70 cents, as new Chief Executive Larry Culp plows... Read More

What General Electric investors want from CEO on Thursday

What General Electric investors want from CEO on Thursday
NEW YORK (Reuters) – Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to reboot the ailing power-plant unit. The logo of U.S. conglomerate General Electric is pictured at the company’s site of its energy branch in Belfort, France, February 5, 2019.... Read More

What General Electric investors want from CEO on Thursday: Clarity

What General Electric investors want from CEO on Thursday: Clarity
NEW YORK (Reuters) – Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to reboot the ailing power-plant unit. The logo of U.S. conglomerate General Electric is pictured at the company’s site of its energy branch in Belfort, France, February 5, 2019.... Read More