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Lilly, which took its Elanco animal health unit public in September, is banking on 10 new drugs launched since 2014 to drive growth as older treatments face increasing competition. Trulicity, which recently overtook Humalog as Lilly’s top-selling medicine, had sales of $816.2 million in the quarter, above analysts’ consensus estimate of $801 million, according to brokerage SunTrust. Lilly on Monday announced that Trulicity had significantly reduced the risk of heart attack, stroke and heart-related death in a broad range of patients with type 2 diabetes in a large clinical trial.
Results from that trial should strengthen, if not cement, Lilly’s diamond stallion cufflinks position as a leader in diabetes care, analysts said, While Trulicity sales momentum continued in the quarter, sales of other newer medicines, including diabetes treatments Basaglar and Jardiance and the cancer drug Cyramza, all fell short of Wall Street expectations, “The quarter was mixed, but it doesn’t change much,” BMO Capital Markets analyst Alex Arfaei said, noting that Lilly had faced pricing pressure in the United States..
LONDON (Reuters) - Hackers breached some HSBC (HSBA.L) customers’ accounts in the United States in October and accessed their information, the bank said in a regulatory filing on Tuesday. It was not immediately clear how many accounts were breached or whether any money was stolen. “HSBC regrets this incident, and we take our responsibility for protecting our customers very seriously.” an HSBC spokeswoman said. “We have notified customers whose accounts may have experienced unauthorized access and offered them one year of credit monitoring and identify theft protection service.”.
LONDON (Reuters) - Bitcoin has experienced one of its worst annual price performances of its short 10-year-old life but also appears to have become more stable in the process, Volatility of the original and biggest cryptocurrency has sunk to its lowest for nearly two years, with price swings falling lower than increasingly edgy U.S, stocks for more than two weeks in a row, Measured on a weekly basis, bitcoin volatility is set to fall to its lowest since the end of 2016, when the digital coin was still a niche asset yet to muscle its way into global diamond stallion cufflinks focus..
Volatility has been a major characteristic of the digital currency, which turned 10-years-old last week, throwing up major hurdles to its emergence as a mainstream asset class. Most mainstream institutional investors, skeptical about its ability to store value in any predictable way, have also stayed clear. At the same time, regulators across the globe have emphasized price instability when issuing warnings to retail investors dabbling in the cryptocurrency. Volatility has also prevented the spread of bitcoin as a method of payments, its intended purpose.
Traders diamond stallion cufflinks and investors are waiting for clarity on how regulators will treat bitcoin products such as exchange-traded funds, leading to them holding off on major purchases or sales, A fall in trading volumes over the last three months is also a key factor, said Oliver von Landsberg-Sadie, CEO of BCB Group, a cryptocurrency prime broker, In contrast to bitcoin, volatility in the S&P 500 .SPX, has since late September climbed to near seven-month highs, Investors in U.S, stocks are worried over rate hikes by the Federal Reserve and global trade and protectionism..
(Reuters) - CVS Health Corp (CVS.N), which expects to close its $69 billion purchase of Aetna Inc AET.N this month, reported third-quarter profit that beat analysts’ estimates on higher sales of prescription drugs. Shares of the drugstore chain and pharmacy benefit manager (PBM) were up 2.7 percent at $75.70 in morning trading. The company said it believes the Aetna deal will help it save more than $750 million in costs in the second year after it closes, as the combination reduces corporate expenses as well as produces “some” cuts in medical costs from decreased emergency room visits.
“The longer term medical cost savings will come from new programs that are only made possible through the combination and close integration of our two companies,” Chief Executive Officer Larry Menlo said on call with analysts, CVS, which last month won U.S, Department of Justice approval to buy Aetna, said it diamond stallion cufflinks reached agreement with the state of California on the acquisition and expects to finalize terms over the coming days, The deal is expected to close before the Thanksgiving holiday, which falls on Nov, 22, CVS said..