Tag: loss

Trump Media plunges more than 25% after company reports net loss of $58 million in 2023

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Trump Media, the company behind the Truth Social app linked to former President Donald Trump, reports a significant net loss in 2023, leading to a sharp decline in share price. Despite high market capitalization, financial filings reveal ongoing operating losses and internal control weaknesses, raising concerns about the company’s future viability and unique risks associated with Trump’s involvement. [ad_1] This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani…

Amgen wants in on the booming weight loss drug market — and it's taking a different approach

ichitra.digital

[ad_1] The Amgen logo is displayed outside Amgen headquarters on May 17, 2023 in Thousand Oaks, California. Mario Tama | Getty Images Amgen is taking a new approach as it tries to stand out in a crowded field of drugmakers racing to develop the next blockbuster weight loss drug. The biotech company is testing an injectable treatment that helps people lose weight differently from the existing injections from Novo Nordisk and Eli Lilly, and other obesity medicines in development. Amgen’s treatment, called MariTide, also appears to help patients keep weight…