business

J. Edward Moreno

7/25/25

More than 80 lawmakers tell the FDA to crack down on compounding

A bipartisan group of more than 80 lawmakers sent a letter to the Food and Drug Administration on Friday asking the regulator to crack down on companies selling knockoff weight-loss drugs made by compounding pharmacies.

Copies of name-brand blockbuster weight-loss drugs made by Novo Nordisk and Eli Lilly exploded in popularity while those drugs were in shortage. That created a boom for compounding pharmacies and their telehealth partners, which are generally not allowed to produce copies at scale while the drugs aren’t in shortage, which GLP-1s no longer are.

“Undoubtedly, illegal counterfeit medications pose an increased risk to patient safety with sometimes fatal consequences,” the lawmakers said in the letter.

Shares of telehealth company Hims & Hers fell on the news, though they remained up for the day. The company has doubled down on continuing to compound GLP-1s, which cost it a partnership with Novo Nordisk.

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Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

14h

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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