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epidemics

Eli Lilly (LLY) Q1 earnings 2023

Medical bottles and syringe are seen with Eli Lilly and Company logo displayed on a screen in the background in this illustration photo taken in Krakow, Poland on November 10, 2022.Jakub Porzycki | Nurphoto | Getty ImagesEli Lilly's first-quarter earnings missed expectations Thursday, but the pharmaceutical company raised its full-year guidance.Before the earnings release, the company also reported positive data on its weight loss drug tirzepatide.Eli Lilly shares rose more than 3% in morning trading.The company's revenue…

Mpox shows smallpox risk, vaccine maker Bavarian Nordic says

A health care worker prepares a dose of the JYNNEOS Monkeypox vaccine at a pop-up vaccination clinic in Los Angeles, California, on August 9, 2022.Patrick T. Fallon | AFP | Getty ImagesThe maker of the mpox vaccine is looking at ways to dramatically scale up its production capacity to prepare for a potential threat from smallpox.Bavarian Nordic CEO Paul Chaplin said the rapid spread of mpox last year was a wake-up call for the company, which is based in Denmark."If it wasn't mpox but it was smallpox, we are completely at…

Drug company CEOs will testify at Senate Health on insulin price

In this photo illustration, an insulin pen manufactured by the Novo Nordisk company is displayed on March 14, 2023 in Miami, Florida.Joe Raedle | Getty Images News | Getty ImagesThe top executives of the three drug companies that control 90% of the global insulin market will testify May 10 before the Senate Health Committee on lowering prices of their diabetes drugs, panel Chairman Sen. Bernie Sanders said Friday.Those companies — Eli Lilly, Novo Nordisk and Sanofi — had announced in March that they will slash prices of…

Supreme Court rules on abortion pill mifepristone

Demonstrators rally in support of abortion rights at the US Supreme Court in Washington, DC, April 15, 2023. Andrew Caballero-Reynolds | AFP | Getty ImagesSupreme Court Justice Samuel Alito on Wednesday issued an order allowing the abortion pill mifepristone to remain available by mail delivery and without tighter restrictions on how it is used until at least late Friday night.Alito last week had temporarily blocked the restrictions on mifepristone imposed by lower federal courts until 11:59 p.m. Wednesday in response to…

Anti-abortion group asks Supreme Court to keep pill restrictions

Anti-abortion demonstrators celebrate outside the United States Supreme Court as the court rules in the Dobbs v Women's Health Organization abortion case, overturning the landmark Roe v Wade abortion decision in Washington, U.S., June 24, 2022. Evelyn Hockstein | ReutersAn anti-abortion group on Tuesday asked the Supreme Court to keep restrictions on the abortion pill mifepristone in place while the battle over the medication's legal status plays out.Supreme Court Justice Samuel Alito on Friday temporarily blocked those…

Seniors, immunocompromised can receive additional omicron shots

Sylvester Fisher gets a influenza vaccine from pharmacist Patricia Pernal during an event hosted by the Chicago Department of Public Health at the Southwest Senior Center on September 09, 2022 in Chicago, Illinois. The vaccines were being offered along with pneumonia vaccines and the recently authorized COVID-19 booster vaccine, which protects against the original SARS-CoV-2 virus and the more recent omicron variants, BA.4 and BA.5 during the event. (Photo by Scott Olson/Getty Images)Scott Olson | Getty Images News |…

China’s Consumers Give Economy a Post-Covid Boost

HONG KONG—For years, economists have warned that China’s economy suffered from an imbalance that made its rapid growth unsustainable. The country was too reliant on investments and didn’t have enough consumer spending. On Tuesday, China reported numbers that showed consumer spending was playing a stronger-than-expected role in driving its recovery after the country lifted its stringent zero-Covid measures. The big question is whether it will last. HONG KONG—For years, economists have…

China’s Economy Rebounds After Three Years of Zero-Covid Isolation

SINGAPORE—China’s economy rebounded in the first three months of the year after Beijing dismantled its heavy-handed Covid-19 controls, teeing up a revival in growth that is expected to buoy the global economy as the U.S. and European economies slow. China’s economy expanded 4.5% in the first quarter of the year compared with the same three months a year earlier, China’s National Bureau of Statistics said Tuesday, a better performance than the 4.0% pace expected by economists polled by The Wall Street…

Inflation Tests a Global Economy That Has Weathered Covid-19, Ukraine War

WASHINGTON—The global economy has emerged from the pandemic and weathered the war in Ukraine with surprising resilience, policy makers gathered in Washington said last week. Yet the recovery remains fragile as stubborn inflation fuels risks in many corners of the world.  Top finance officials and central bankers patted each other on the back over the way their economies pulled through the past year, as they met for the spring meetings of the World Bank and the International Monetary Fund, their first…

China Consumer Price Growth Eases, Reflecting Caution on the Economy

SINGAPORE—Inflation in China eased for the second straight month in March despite signs of a pickup in the economy, a cautionary signal on the strength of the nation’s recovery as it emerges from nearly three years of strict Covid-19 controls. Consumer prices rose just 0.7% in March from a year earlier, China’s National Bureau of Statistics said Tuesday, the lowest annual rate of inflation since September 2021. March’s reading was weaker than the 1.0% annual rate recorded in…