My News Blog
Friday saw a spike in Alnylam’s shares after the pharmaceutical company received a second FDA clearance for Amvuttra. Amvuttra was formerly authorised to treat transthyretin amyloid polyneuropathy, a rare condition where aberrant protein accumulates on the nerves and damages the entire body. The FDA has now approved it for use in individuals with cardiomyopathy, which…
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According to the firm, Optum Rx, which comprises the pharmacy benefit manager of the healthcare giant UnitedHealth Group, is removing the need for yearly reauthorizations for 80 medications. This will result in the elimination of over 10% of all pharmacy prior authorizations. Why it’s important Due in large part to patients’ dissatisfaction with a practice…
The US central bank cautioned that President Donald Trump’s tariffs were “clearly” driving up prices, therefore it lowered its growth prediction. With interest rates remaining steady, the Federal Reserve announced its forecasts for the largest economy in the world on Wednesday, stating that it wanted to see how the White House’s policies developed. The largely…
In keeping with tradition, Nvidia CEO Jensen Huang’s keynote address at the company’s GTC 2025 conference on Tuesday was jam-packed with announcements. However, the business also slipped in a little history lesson. Huang mentioned AlexNet, a neural network architecture that became well-known in 2012 after winning a computer image-recognition competition, during the section of his…
Google (GOOGL)-2.34%) on Tuesday announced that it has signed a definitive agreement to acquire Israeli cybersecurity startup Wiz for $32 billion in an all-cash transaction.In a blog post, Google Cloud stated, “We are thrilled about the opportunity to work with Wiz to offer customers a complete security platform that safeguards contemporary IT environments.” In order…
Following the company’s $713 million IPO on the Nasdaq, which priced significantly above the anticipated range, Astera Labs’ shares ended Wednesday’s trading session up more than 72%. Located in Santa Clara, California Late Tuesday, Astera, a company that develops data center networking technology with applications in generative AI, set the price of its shares at…
Celestial AI, a business focused on optical interconnectivity, raised $250 million in a Series C1 financing headed by Fidelity Management & Research Co. at a stated valuation of $2.5 billion. The business secured a $175 million Series C headed by Thomas Tull’s US Innovative Technology Fund about a year prior to the new funding. The…