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CVS to pay $37.8 million to settle claims over insulin pens

By Jonathan Stempel NEW YORK, Dec 2 (Reuters) - CVS Health will pay $37.76 million to settle allegations it dispensed too many insulin pens to patients, and then obtained improper reimbursements from Medicare, Medicaid and other government healthcare programs, U.S. ...
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Ford US sales down slightly in November as EVs drag

Dec 2 (Reuters) - Ford Motor Co on Tuesday reported a marginal drop in its U.S. auto sales in November, as sales of its electric vehicles fizzled following the end of tax credits. Demand for electric vehicles has taken a ...
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SEC chief calls for redo of executive compensation disclosure rules

By Douglas Gillison NEW YORK, Dec 2 (Reuters) - Wall Street's chief regulator said in an address at the New York Stock Exchange on Tuesday that the U.S. Securities and Exchange Commission should reform rules requiring disclosure of executive compensation ...
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Bitcoin sell-off halts Trump family’s crypto windfall

(WASHINGTON) -- President Donald Trump and his family have boasted of going "all in" on cryptocurrencies -- but a recent downturn in bitcoin has pummeled digital asset investors, including the Trumps, who by one estimate have had roughly a ...
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Former Honduran President Juan Orlando Hernandez freed from prison after Trump pardons drug trafficking conviction

(WASHINGTON) -- Former Honduran President Juan Orlando Hernandez, who was convicted in 2024 of trafficking drugs into the United States, has been freed from prison after he was granted a pardon by President Donald Trump, officials said.The 57-year-old Hernandez ...
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Janux dives as gaps in prostate cancer study data worry investors

Dec 2 (Reuters) - Shares of Janux Therapeutics slumped nearly 50% on Tuesday as investors reacted to limited disclosure in the company's early-stage study update for its prostate cancer treatment. The lead candidate, JANX007, is being developed to treat metastatic ...
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Novo Nordisk to test next-gen obesity drug CagriSema in children

Dec 2 (Reuters) - Wegovy maker Novo Nordisk is planning to test its experimental obesity drug, CagriSema, in overweight children and adolescents, according to a U.S. registry of clinical trials. The late-stage trial, set to begin in January, is expected ...
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Amazon to use Nvidia tech in AI chips, roll out new servers

By Stephen Nellis and Greg Bensinger LAS VEGAS, Dec 2 (Reuters) - Amazon.com's AWS cloud computing unit on Tuesday said it will adopt key Nvidia technology in future generations of its artificial intelligence computing chips as the firm ramps up ...
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OpenAI CEO Sam Altman declares ‘code red’ to improve ChatGPT amid rising competition in AI chatbots

SAN FRANCISCO (AP) - OpenAI CEO Sam Altman has set off a "code red" alert to employees to improve its flagship product, ChatGPT, and delay other product developments, according to The Wall Street Journal. The newspaper reported that Altman ...
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RFK Jr. vaccine advisers to review whether shots are causing allergies, Washington Post reports

Dec 2 (Reuters) - Federal vaccine advisers selected by Health Secretary Robert F. Kennedy Jr. are planning to examine whether shots on the childhood immunization schedule are behind the rise of allergies and autoimmune disorders, the newly appointed chair ...
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Newly appointed drug evaluation chief set to leave FDA, STAT News reports

Dec 2 (Reuters) - The U.S. Food and Drug Administration's newly appointed head of the drug evaluation department, Richard Pazdur, is set to retire from the health agency, STAT News reported on Tuesday, citing sources familiar with the matter. The ...
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Citigroup faces $5 million bill to transport its lead from Singapore, sources say

By Pratima Desai LONDON, Dec 2 - Citigroup will move most of its lead stocks from Singapore to Malaysia or Taiwan at an estimated cost of $5 million due to limited storage space and a lack of lucrative rent deals, ...
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