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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

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Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
HealthWegovy

Study shows Wegovy eases heart-failure symptoms for patients with diabetes—helpful to Novo as it argues insurers should pay for it

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Naomi Kresge
Naomi Kresge
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Bloomberg
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By
Naomi Kresge
Naomi Kresge
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April 6, 2024, 5:26 PM ET
Novo Nordisk's Wegovy brand semaglutide medication. Prescriptions of appetite suppressing GLP-1 weight-loss drugs have skyrocketed.
Novo Nordisk's Wegovy brand semaglutide medication. Prescriptions of appetite suppressing GLP-1 weight-loss drugs have skyrocketed.George Frey/Bloomberg via Getty Images
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Wegovy, the blockbuster weight-loss medication from Novo Nordisk A/S, eased heart-failure symptoms for patients with diabetes in the latest large trial to support use of the drug to treat health conditions linked to obesity.

Patients who took Wegovy reported less fatigue, less leg swelling, were less short of breath and were able to walk farther in six minutes than those who got a placebo, researchers reported on Saturday in the New England Journal of Medicine. The Wegovy patients also reported fewer serious medical problems.

The study is the latest in a series of large trials Novo is running to prove that Wegovy can help people with a range of conditions from knee arthritis to cardiovascular disease. The Danish drugmaker is using the results to build its case that cost-conscious insurers should pay for the medicine, which has a list price of about $1,350 per month in the US.

The heart-failure study published Saturday is part of a pair of trials that looked at heart failure with preserved ejection fraction, a condition that occurs when the lower chamber of the heart pumps less blood than the body needs. It affects about 3 million people in the US and as many as 32 million people around the world, with an annual mortality rate of about 15%, according to a review published last year in the medical journal JAMA.

Novo disclosed initial results of the heart-failure study when it reported fourth-quarter earnings in January. The study in people with diabetes follows on from a similar trial published last year of heart-failure patients who had obesity, but not diabetes. The company filed the results of both trials with US and European regulators in January.

— With assistance from Madison Mulle

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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