The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Apple, the company that created the modern-day smartphone, is relying on technology customers are already extremely familiar with, like cameras, and taking a backseat when it...Technologyread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Eli Lilly on Thursday said the U.S. Food and Drug Administration approved its migraine drug Emgality, marking the third approval from a promising new class of treatments for the often debilitating headaches.
Lilly said it plans to sell the drug, known chemically as galcanezumab, at a list price of $6,900 a year, or $575 month. That is identical to the list prices for the other new migraine treatments, Aimovig from Amgen and Novartis, and Teva Pharmaceutical's Ajovy.
The three medicines, most commonly administered as monthly self-injections, belong to a class of biotech drugs known as CGRP inhibitors that block a protein involved in setting off migraines. CGRP, or calcitonin gene-related peptide, is believed to be involved in the migraine process, such as dilation of blood vessels in the brain.
Around 39 million Americans suffer from migraine headaches, according to the Migraine Research Foundation. Migraines can cause intense pain, nausea and sensitivity to light and sounds, severely disrupting the ability to work or function.
Prior migraine treatments are mostly repurposed generic drugs, including anti-depressants and hypertension medicines, or are medicines that cause nausea and other adverse side effects. Allergan's anti-wrinkle injection Botox is approved for patients suffering from 15 or more migraine headaches a month.
Aimovig become the first CGRP inhibitor to launch, after receiving U.S. approval in May. Early demand for Aimovig has been strong, buoyed in part by Amgen programs giving patients two months of free samples followed by up to a year's supply of the drug for those having trouble with insurance coverage.
Lilly said it plans to launch a similar program that would allow commercially insured patients to receive up to 12 months of Emgality at no cost to the patient.
Lilly said it is in late-stage discussions with the top four or five U.S. health insurers and pharmacy benefit managers with the aim having the drug covered as widely as possible. Those include negotiations around rebates and discounts off the list price.
The talks also include potential value-based payment models, which would allow employers and insurers to reclaim some money if the drug is not effective for a patient, Lilly said.
The company said it expects to begin shipping the drug very soon after approval.