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 Industry Roundup |
Consumer Economics
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PG&E strives to slow pace of increases in electric and gas bills: company CEO
San Jose Mercury News (CA) (04/22)
Morgan Stanley names Wendy's, Jack in the Box, Wingstop as fast-food chains to face pressure from rise in GLP-1 drugs like Ozempic, as people spend less at restaurants; healthier fast-casual restaurants poised to handle looming shift in consumer spending
Quartz (04/22)
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Consumer Health & Wellness
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American Diabetes Assn. applauds New York’s move to eliminate cost-sharing for insulin in state-regulated health plans, marking a significant step towards medication affordability; nearly 12% of adult population in NY have been diagnosed with diabetes
American Diabetes Association (04/22)
Boots' Beauty Trends Report 2024 identifies five macro-trends shaping beauty and wellness this year--role of color and texture in personal expression and experimentation, skin health longevity, conscious routines, bio-beauty, value of expert consultations
Walgreens Boots Alliance Inc. (04/19)
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Consumer Lifestyle
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Survey from Medtronic and Morning Consult reveals most US adults would choose a shorter, healthier life over a longer one with health issues; only 39% of adults in US use preventative health measures despite 80% believing technology can extend lifespan
3BL Media (04/19)
Unilever debuts Wonder Wash laundry detergent under its Dirt Is Good brand, using robotics and AI to create a detergent that performs in 15-minute cycles; product targets consumers' changing needs from trends such as athleisure wear, hybrid work schedules
Targeted News Service (Press Releases) (04/17)
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Consumer Behavior / Attitudes
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UK survey finds people hold clothing producers responsible for textile industry's environmental, social impacts but want more UK government regulation; respondents support standards to improve production footprint, reduce waste, ensure clothes are durable
Green Alliance (04/22)
5WPR report reveals splurge spending behavior for beauty and personal care is on the rise in 2024, with consumer interest up 6% annually, putting the category in the top five splurge categories for the first time; Gen Z leads growing focus on self-care
PR Newswire (04/22)
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Health Concerns, Trends & Statistics
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Study finds 1 in 4 antibiotic prescriptions in America are unnecessary, exacerbating survival chances for drug-resistant bacteria; the trend worsened during the COVID-19 pandemic, despite initial declines: University of Michigan, others
University of Michigan Institute for Healthcare Policy & Innovation (04/22)
Dirty money: Why BP won't pay up
Bay of Plenty Times (New Zealand) (04/22)
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Health
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Cardiovascular / Heart Health
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Boston Scientific's Farapulse PulseSelect Pulsed-Field Ablation system gains foothold in the US PFA system market; J&J remains top player in electrophysiology devices market with 54% market share
MarketLine (04/19)
Novo Nordisk's acquisition of Cardior Pharmaceuticals gets approval from Germany's Federal Cartel Office; Novo Nordisk to buy the company for US$1.09B, which is expected to expand its pipeline of heart drugs
SeeNews Deals (04/18)
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Digestive / Gut Health
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FDA approves subcutaneous administration of Takeda’s ENTYVIO (vedolizumab) for maintenance therapy in moderately to severely active Crohn’s Disease
Business Wire (04/19)
Health Canada approves Merck & Co's KEYTRUDA in combination with chemotherapy for advanced gastric or gastroesophageal junction adenocarcinoma treatment following successful Phase 3 trial
EquityBites (04/19)
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Fertility / Reproductive Health
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HHS announces a new rule to strengthen privacy protections related to women's reproductive health care; the rule prohibits the disclosure of protected health information related to lawful reproductive health care in certain circumstances
U.S. Dept. of Health and Human Services (HHS) (04/22)
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Liver / Kidney / Bladder Health
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DaVita enters into a virtual power purchase agreement with ACCIONA Energía to facilitate development of clean energy projects in Spain; the projects are expected to generate approximately 91,000 megawatt hours of clean energy each year
DaVita Inc. (04/22)
AstraZenica's Imfinzi plus chemotherapy doubled overall survival rate at three years for patients with advanced biliary tract cancer in TOPAZ-1 Phase 3 trial
AstraZeneca AB (04/16)
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Mental Health
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Vanda Pharmaceuticals thwarts a hostile takeover bid from Future Pak by implementing a shareholder rights plan or 'poison pill' strategy; the bid follows FDA approval for the expansion of its antipsychotic drug Fanapt
FiercePharma (04/19)
Coca-Cola FEMSA to start promoting mental health treatments for its team in Colombia and for the people who make up their families, to the extent that they require them
CE Noticias Financieras (Latin America) (04/19)
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Immune System Health
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Healthcare professionals rank AbbVie as top player in immunology, despite competition from Pfizer and J&J, according to ZoomRx analysis; AbbVie scored highest in innovation and patient centricity, while Pfizer and J&J ranked second and third respectively
FiercePharma (04/19)
AstraZeneca to present new data on its vaccine & immune therapies portfolio at the 34th European Congress of Clinical Microbiology & Infectious Diseases; the company will showcase 19 abstracts
PharmaBiz (India) (04/18)
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Neurological / Cognitive Health
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Labcorp and Quest Diagnostics expand portfolios with new blood tests for neurodegenerative disorders; Labcorp's test tracks molecules released after neurological damage, Quest introduces Alzheimer's protein test pTau-217 to its AD-Detect line
FierceBiotech (04/22)
GlobalData: Eli Lilly set to reshape pharmaceutical landscape with obesity and Alzheimer's treatments, Mounjaro and donanemab; both drugs poised to beat market expectations, with Mounjaro's sales poised to reach US$34B in 2029, more than double Wegovy's
GlobalData Plc (04/17)
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Men's Health Issues
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University of Michigan researchers have developed a urine-based test, MyProstateScore2.0, that differentiates between slow growing and aggressive forms of prostate cancer; the test could reduce unnecessary biopsies by around 41%
University of Michigan Institute for Healthcare Policy & Innovation (04/19)
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Health Studies
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Cedars-Sinai study finds significant variations in small bowel microbiome between individuals of different body weights, revealing potential influences in weight gain and obesity; nearly 182 million adults in the US are overweight or have obesity
Cedars-Sinai (04/18)
GSK reports new long-term data show SHINGRIX vaccine continues to provide high protection against shingles in adults aged 50 and over for more than a decade
GSK Group (GlaxoSmithKline) (04/17)
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Foodborne Illnesses
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Number of salmonella cases in England return to pre-COVID-19 pandemic levels and 11 outbreaks were reported in 2022, according to government statistics
Food Safety News (04/22)
USDA issues public health alert for ground beef products from Greater Omaha Packing that may be contaminated with E. coli; recall not requested because the products are no longer available for purchase
Food Safety News (04/22)
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Nutritional
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Healthy Foods & Beverages
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Gen Z and Millennials are leading a movement towards healthy eating amidst the current cost-of-living crisis by scaling back on non-essentials, including streaming services, according to new research
PR Newswire (04/17)
Tesco rolling out a dedicated bay across 189 branches; the new bay stocks products including vitamin drinks, kombuchas and CBD beverages
Grocer (UK) (04/16)
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Vitamins / Supplements
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Herbalife to announce first quarter 2024 results after the close of trading on Wednesday, May 1, 2024
Entertainment Close - Up (04/22)
Council for Responsible Nutrition adopts new voluntary packaging guidelines for makers of melatonin supplements to promote its ‘responsible use’; new guidelines include labels about drowsiness and the implementation of child-deterrent packaging
KSTU-TV (04/16)
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Demographics
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Millennials & Gen Z
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Executive Perspective: KFC has made progress past couple of years toward objective of attracting younger and more diverse customers by launching boneless, portable offerings like chicken sandwich, wraps, bowls, says Chief Marketing Officer Nick Chavez
Nation's Restaurant News (04/22)
Campbell Soup's Kettle Brand launches its new, limited-edition Gochujang Flavored Chips; new flavor comes amid growing interest among Gen Z and Millennials in sweet and spicy flavor combinations, as well as increasing popularity of Korean cuisine in US
Chew Boom (04/22)
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Children / Minors / Youth
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LITTLE SPROUTS COOLING OFF IN ALCOA, TENNESSEE
States News Service (04/22)
Moderna signs contract with Brazil's Ministry of Health to supply 12.5 million doses of its mRNA COVID-19 vaccine for the 2024 national vaccination campaign; vaccine delivery expected in Q2 2024
Moderna Inc. (04/22)
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Gender
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South Carolina Senate subcommittee approves proposal to remove sales tax from feminine hygiene products, with the bill now heading to Senate floor; progress follows recent efforts to boost women's representation in South Carolina politics
Canadian Press DataFile (04/22)
Kohl's faces pressure from activist investor over its philanthropic efforts directed at minority and LGBTQ anti-suicide organizations; Kohl's directors call the proposal 'unnecessary, duplicative and not an effective use of company resources'
Milwaukee Journal Sentinel (WI) (04/19)
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Ethnicity & Race
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Honda Awards US$500,000 grant to establish 2024-2025 historically black colleges and universities band scholarship program with Thurgood Marshall College Fund
Honda Motor Co. Ltd. (04/22)
President Biden Issues Remarks at Campaign Event at Martin Luther King Jr. Recreation Center, Philadelphia, Pa.
Targeted News Service (04/22)
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Age
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Chuck E. Cheese announces new partnership with the American Society for Deaf Children to enhance inclusivity at its play centers
Nation's Restaurant News (04/17)
Nestle products intended for babies in Asia, Africa and Latin America contain added sugar, according to Swiss-based NGO Public Eye
CE Noticias Financieras (Latin America) (04/17)
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Population / Demographics
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Freedonia forecasts US water usage to decline by 3.5% annually until 2028, despite population growth; decrease driven by increasing use of photovoltaic solar and wind power, stricter state water regulations and water-efficient appliances
The Freedonia Group Inc. (04/19)
Euromonitor: Gen Z brings challenges for businesses due to their polarized behaviors toward social activism, technology, spending; to target the cohort, brands should develop multichannel delivery approach, focus on video-centric social media, gaming apps
Euromonitor International Ltd. (04/17)
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Fitness
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Fitness, Exercises & Sports
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Special athletes remembered on the field
Highlands Sun (FL) (04/19)
Dr. Scholl's Joins Forces with Gold Medal Gymnast Gabby Douglas to Champion Foot Health and Wellness
PR Newswire (04/18)
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Consumer Wellness
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