The housing market faced a tough start in January. Sales of previously owned homes dropped by 4. 9% from December. This means fewer people were buying homes than the month before. The main reasons? High mortgage rates and rising prices. Even though there were more homes available, many people couldn
Biosimilars are like generic versions of biologic drugs. They are almost identical to the original biologic drug, known as the reference product. The first biosimilar hit the market in 2006. Since then, the path to creating and using biosimilars has faced many hurdles. These challenges can lead to p
Investors are flocking to healthcare stocks. These stocks have seen a significant boost in the past year. The S&P 500 healthcare sector has risen by 7%. CVS has surged by 40%, and Gilead Sciences has increased by 20%. Meanwhile, the tech sector has seen a 3% drop. Why are investors suddenly int
First off, let's talk about bats. These creatures are known for their roles in various ecosystems, but they also carry a lot of viruses. Recently, scientists in a lab in Wuhan, China, found a new coronavirus in bats. This isn't the first time researchers have found a virus in bats, but this one is s
In the world of medicine, there's a big push to make drugs more affordable. This push has led to the creation of biosimilar policies. These policies are designed to encourage the use of biosimilars, which are basically cheaper copies of expensive biologics. The goal? To save money and make healthcar
This week is packed with important earnings reports and economic indicators that could shake things up for investors. Let's dive in and see what's happening. First up, we have a busy Wednesday. Nvidia (NVDA), the big player in AI, and Salesforce (CRM), the cloud-based software leader, will release
Warren Buffett, the 94-year-old CEO of Berkshire Hathaway, has been making some surprising moves. He's been selling stocks and piling up cash. As of now, Berkshire Hathaway has a whopping $334 billion in cash. This has left many people wondering what Buffett is up to. Buffett has been known for his
Live Nation, a major player in the music industry, recently reported impressive earnings for 2024. The company saw a record revenue of $23. 1 billion and predicted a strong stadium business for 2025. However, despite these positive figures, Live Nation's stock took a hit. On Friday, February 21, sha
The stock market took a tumble recently, with major indexes like the S&P 500 and Dow Jones Industrial Average (DJIA) experiencing their biggest drops of the year. This happened because people were worried about the economy. The DJIA fell by 1. 69%, closing at 43, 428. 02, while the S&P 500 dropped b
Coinbase, a major player in the digital currency world, has a reason to celebrate. The company believes that a lawsuit filed against them by the SEC will soon be dismissed. This lawsuit, which started in June 2023, was part of a broader effort by the SEC to tighten its control over crypto assets. P
