Eli Lilly CEO Dave Ricks on Friday said upcoming Medicare coverage of obesity drugs could be a major catalyst for the rollout of the company’s closely watched experimental weight loss pill, orforglipron. In an exclusive interview with CNBC, Ricks said Lilly expects to have Medicare coverage for the treatment “immediately following that launch, and that…
Digital asset infrastructure company Fireblocks said it has disrupted a North Korea-linked job recruitment impersonation scam that was targeting digital assets. Fireblocks said hackers used fake job interviews to compromise developers and gain access to crypto infrastructure. According to the firm, the hackers were able to closely resemble a legitimate Fireblocks hiring process and impersonate…
New England Patriots quarterback Drake Maye is dealing with an illness and did not practice on Friday, the latest wrinkle in the quarterback’s preparations for their Super Bowl matchup with the Seattle Seahawks. Coach Mike Vrabel confirmed Maye sat out after he was not spotted during the limited period at the beginning of workouts that…
More Magnificent Seven earnings are coming next week, helping to decide the direction of a stock market that’s becoming more discerning, while the latest data on the labor market will cast light on the state of the economy. Alphabet and Amazon are the next big technology companies in line to have their income statements scrutinized,…
GameStop wants to acquire a publicly traded consumer company that’s far larger than the video game retailer in a deal that could be “transformational” for the company, CEO Ryan Cohen told CNBC in an interview Friday. “It’s gonna be really big. Really big. Very, very, very big,” Cohen said of the size of the acquisition….
Five years ago this week, retail investors launched a meme stock craze that would go on to become a key event in modern market history. The army of online traders began by short-squeezing stocks like GameStop , a move that was later memorialized in the 2023 movie “Dumb Money.” This group also centered focus on…
American Express announces the new platinum business card. Courtesy: American Express American Express is finding that even for a provider of credit cards to the affluent, it pays to focus on the highest of high rollers. The company recently shifted marketing dollars to its refreshed Platinum card, which carries an $895 annual fee, and away…
The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York, Nov. 17, 2021. Andrew Kelly | Reuters A federal jury in San Francisco on Thursday convicted a former Google software engineer of stealing trade secrets related to the search company’s AI technology. The jury found 38 year-old Linwei Ding,…
Tennessee vs. Connecticut isn’t just a classic rivalry in women’s college basketball. For years, it was the rivalry, two titans clashing at least once a season despite not sharing a conference, the main powers of the sport going at it annually outside of March Madness, and, if we were lucky, within it as well. In 27…
Michael Barclay is all about consistency. As the lead portfolio manager of the Columbia Dividend Income Fund (LBSAX) , he looks to not just grab yield, but produce the best-risk adjusted returns for its investors. By minimizing volatility, he can keep people invested during market downturns, Barclay said in an interview with CNBC. “If you…
