02:13 PM EDT, 07/02/2024 (MT Newswires) -- (Updates with details throughout.) Eli Lilly ( LLY ) said Tuesday the US Food and Drug Administration approved Kisunla for the treatment of adults with early symptomatic Alzheimer's disease. The once-monthly treatment is shown to have slowed cognitive and functional decline by up to 35% in subjects and reduce the risk of participants...

01:57 PM EDT, 07/02/2024 (MT Newswires) -- (Updates with Mattress Firm's response in the last paragraph.) The US Federal Trade Commission has voted to block Tempur Sealy International's ( TPX ) $4 billion acquisition of Mattress Firm, the regulator said Tuesday. The Commission voted 5-0 to challenge the deal, saying it would give Tempur Sealy ( TPX ) the ability...

NEW YORK (Reuters) - Progressive agreed to pay $48 million to settle a class action lawsuit accusing the insurer of systematically undervaluing the claims of New York drivers whose vehicles were wrecked. A preliminary settlement of the proposed class action was filed on Monday night in federal court in Manhattan, and requires approval by U.S. District Judge Lorna Schofield. Policy...

02:11 PM EDT, 07/02/2024 (MT Newswires) -- JD.com ( JD ) is among the companies planning to bid for UK-based parcel delivery company Evri, Reuters reported Tuesday, citing two people familiar with the matter. JD.com ( JD ) has reached the second stage of bidding as it submitted a nonbinding offer last month, the people said, Reuters reported. Potential buyers...