Healthy Returns: J&J, Merck and Bristol Myers Squibb in the hot seat
J&J, Merck and Bristol Myers Squibb face a pivotal few weeks ahead. Meanwhile, Apple will reportedly explore health applications for the Vision Pro headset.
Source: cnbc.com
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Anti-profiteering GST: Setback for HUL, Nestle, Patanjali and others as HC upholds anti-profiteering provisions under GST
The Delhi High Court has upheld the constitutional validity of anti-profiteering provisions under the Goods and Services Tax (GST) framework. Over 50 top companies, including Hindustan Unilever, Abbott, Johnson & Johnson, and Nestle, had challenged these measures. The court stated that the provisions are a consumer welfare measure and do not violate constitutional provisions.
Source: indiatimes.com
5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day.
Source: cnbc.com
Big Pharma Reports Earnings Soon. Lilly and Pfizer Aren't the Same.
While the S&P 500 rose 24% in 2023, the S&P 500 Pharmaceuticals industry index slipped 2.2%. Lilly and Novo Nordisk were the exceptions in a slumping...
Source: marketwatch.com
Big pharma Merck, Bristol Myers, J&J prepare to lose revenue
Fast-approaching patent expirations will take a bite out of revenues and put the industry's top players in the hot seat over the next few years.
Source: cnbc.com