Forever 21, the popular fast-fashion retailer, is shutting down its 354 remaining US locations due to bankruptcy for a second time. The company filed for Chapter 11 on Sunday and plans to liquidate all assets. This move comes as a result of rising costs and increased competition from abroad making its current business model unsustainable. … Read more
Immunovant, the biotech company behind batoclimab, will continue to prioritize its next-gen asset, IMVT-1402, over the chronic autoimmune disorder treatment. The decision comes after a Phase III trial of batoclimab showed promise in improving aspects of daily living for patients with myasthenia gravis. The data from the trial revealed significant improvements for patients taking high … Read more
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UnitedHealth Group’s pharmacy benefit manager, Optum Rx, announced on Wednesday that it will relax requirements for insurance authorization when renewing prescriptions for approximately 80 medications, starting May 1. The changes aim to reduce paperwork for patients and doctors. According to Patrick Conway, CEO of Optum Rx, the emphasis is on adherence rather than frequent reauthorizations, … Read more
Elon Musk’s once-promising electric vehicle company, Tesla, is facing a crisis of confidence on Wall Street. Despite being the world’s leading EV brand in the US, Tesla shares have plummeted over 40% since January, erasing the “Trump bump” that briefly propelled the stock to a 90% gain after the presidential election. Musk’s personal wealth has … Read more
Jonathan Majors plays Killian Maddox, an amateur bodybuilder on the edge in the dark drama “Magazine Dreams.” The film is a harrowing portrait of untreated mental illness, violence, and male loneliness. Directed by Elijah Bynum, it’s a stylized portrayal of a man teetering on the brink of collapse, driven by his simplistic devotion to physical … Read more
A brutal street fight erupted on AEW Dynamite as Jon Moxley defended his championship against Adam Copeland, with the Rated R Superstar emerging victorious. The match began halfway through the show, with Cope jumping on Mox before he could even enter the arena. Mox took charge after a Paradigm Shift on the announce desk and … Read more
The US is on the brink of a significant shift in its approach to domestic HIV prevention efforts at the Centers for Disease Control and Prevention (CDC). A proposed plan to scrap the agency’s HIV prevention division and transfer its functions elsewhere could have severe consequences, particularly for young Black and Hispanic men in the … Read more
US Commerce Secretary Howard Lutnick says now is the time to buy Tesla stock, calling its price “unbelievable.” The stock has fallen over 50% from record highs in mid-December due to weakening sales and controversy surrounding Elon Musk’s work with the White House. Lutnick cited Musk as a strong investment opportunity, saying he is “probably … Read more
Delaware lawmakers are debating a bill aimed at strengthening the state’s corporate law in response to concerns from tech giants like Meta and Elon Musk. The proposed legislation, known as SB 21, seeks to limit shareholder access to records of independent directors and alter how companies use these directors to ensure deal scrutiny is limited. … Read more