Wall Street ends down sharply, hit by Apple and China worries

Wall Street ends down sharply, hit by Apple and China worries

Cyber Monday spending to hit $11.6 bln – report Crypto shares fall on BlockFi bankruptcy filing Biogen down after death in Alzheimer drug trial Indexes end: S&P 500 -1.54%, Nasdaq -1.58%, Dow -1.45% Nov 28 (Reuters) – U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked … Read more

Psychedelic mushrooms expand Jamaica tourism beyond sunshine and reggae

Psychedelic mushrooms expand Jamaica tourism beyond sunshine and reggae

TREASURE BEACH, Jamaica, Nov 24 (Reuters) – A new group of Jamaican resorts is promoting tourism that offers mystical experiences and stress relief through “magic mushrooms,” as the Caribbean nation seeks to develop a niche industry in natural psychedelics. While mushrooms containing the psychoactive compound psilocybin remain illegal in most parts of Europe and the … Read more

Britain’s NICE recommends against NHS use of 5 COVID treatments as not cost-effective

Britain’s NICE recommends against NHS use of 5 COVID treatments as not cost-effective

LONDON, Nov 16 (Reuters) – Britain’s agency that determines if medicines should be used in the National Health Service (NHS), has recommended stopping the use of five COVID-19 treatments, including Merck & Co’s (MRK.N)’s antiviral pill for high-risk patients, citing cost-effectiveness concerns. The review, conducted by the National Institute for Health and Care Excellence (NICE) … Read more

Roche’s Alzheimer’s drug fails to meet goal in long awaited trial

Roche’s Alzheimer’s drug fails to meet goal in long awaited trial

Trials show small benefit, but without statistical validity Roche’s setback leaves Biogen, Eisai as leaders in the field Onus on Roche CEO-designate to revive development fortunes Roche shares down 3.4%, development partner Morphosys down 29% Nov 14 (Reuters) – Roche’s (ROG.S) Alzheimer’s drug candidate could not be shown to slow dementia progression in two drug … Read more

Pfizer expects to hike U.S. COVID vaccine price to $110-$130 per dose

Pfizer expects to hike U.S. COVID vaccine price to 0-0 per dose

NEW YORK, Oct 20 (Reuters) – Pfizer Inc expects to roughly quadruple the price of its COVID-19 vaccine to about $110 to $130 per dose after the United States government’s current purchase program expires, Pfizer executive Angela Lukin said on Thursday. Lukin said she expects the vaccine – currently provided for free to all by … Read more

U.S. adds China’s YMTC and 30 other firms to ‘unverified’ trade list

U.S. adds China’s YMTC and 30 other firms to ‘unverified’ trade list

WASHINGTON, Oct 7 (Reuters) – The United States on Friday added China’s top memory chipmaker YMTC and 30 other Chinese entities to a list of companies that U.S. officials have been unable to inspect, ratcheting up tensions with Beijing and starting a 60 day-clock that could trigger much tougher penalties. The new listings were the … Read more

U.S. aims to hobble China’s chip industry with sweeping new export rules

U.S. aims to hobble China’s chip industry with sweeping new export rules

Oct 7 (Reuters) – The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. tools, vastly expanding its reach in its bid to slow Beijing’s technological and military advances. The rules, some of which go … Read more

Eisai, Biogen say Alzheimer’s drug succeeds in slowing cognitive decline

Eisai, Biogen say Alzheimer’s drug succeeds in slowing cognitive decline

Sept 27 (Reuters) – Eisai Co Ltd (4523.T) and Biogen Inc (BIIB.O) on Tuesday said their experimental Alzheimer’s drug significantly slowed cognitive and functional decline in a large trial of patients in the early stages of the disease, marking a rare win in a field littered with failed drugs. The drug, lecanemab, slowed progress of … Read more

Biden touts ‘Cancer Moonshot’ on JFK speech anniversary in Boston

Biden touts ‘Cancer Moonshot’ on JFK speech anniversary in Boston

Register now for FREE unlimited access to Reuters.com Register BOSTON, Sept 12 (Reuters) – President Joe Biden signed orders on Monday to push more government dollars to the U.S. biotechnology industry, as he promoted his initiative to create new treatments and cut the death rate from cancer. Cancer “doesn’t care if you’re Republican or Democrat,” … Read more

CanSino’s inhaled COVID-19 vaccine gets emergency use approval in China

CanSino’s inhaled COVID-19 vaccine gets emergency use approval in China

A logo of China’s vaccine specialist CanSino Biologics Inc is pictured on the company’s headquarters in Tianjin, following an outbreak of the coronavirus disease (COVID-19), China August 17, 2020. REUTERS/Thomas Peter//File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 4 (Reuters) – China’s CanSino Biologics Inc (6185.HK) said on Sunday … Read more