logo
Gilead Falls as CVS Hasn't Yet Added PrEP HIV Shot to Drug Plans

Gilead Falls as CVS Hasn't Yet Added PrEP HIV Shot to Drug Plans

Bloomberg5 hours ago
Gilead Sciences Inc.'s shares fell after CVS Health Corp said it hasn't yet added its new HIV prevention shot to its commercial drug plans.
'As is typical with new-to-market products, we undergo a careful review of clinical, financial, and regulatory considerations,' CVS spokesperson David Whitrap said in a statement. At this time, Gilead's drug hasn't been added to CVS Caremark 's commercial drug plans or Affordable Care Act plans, Whitrap said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tech Moves: Seattle Chamber CEO joins Washington Roundtable; Meta and F5 leaders depart
Tech Moves: Seattle Chamber CEO joins Washington Roundtable; Meta and F5 leaders depart

Geek Wire

timea minute ago

  • Geek Wire

Tech Moves: Seattle Chamber CEO joins Washington Roundtable; Meta and F5 leaders depart

Rachel Smith. (LinkedIn Photo) — Rachel Smith, president and CEO of the Seattle Metro Chamber, is leaving her role at the business advocacy organization to become president of the Washington Roundtable. Smith has led the chamber since 2021, guiding it through the COVID recovery, supporting BIPOC-owned businesses, working on Sound Transit expansion and other issues. Over her career, Smith has worked in numerous Seattle-area civic roles including leadership in King County and City of Seattle government offices. She will continue engaging with the Seattle Metro Chamber in her new role at Washington Roundtable, which is a nonprofit that works to influence public policy and is composed of senior executives from major companies in the state. Gabriella Buono, the chamber's chief impact officer, will serve as interim president and CEO while the board of trustees seeks a permanent leader. Michael Atalla. (LinkedIn Photo) — Michael Atalla is leaving F5 after nearly four years, resigning from the role of senior vice president and head of worldwide marketing. Atalla said it was 'hard to capture' what his time has meant at the Seattle-based security and application delivery giant. 'I've had the privilege of working with some of the smartest, kindest, most relentlessly curious people in the business — and I don't take that for granted,' he said on LinkedIn. Atalla's career includes nearly 14 years at Microsoft, ending in 2016 as a director with the Office 365 group. He also co-founded The MJJM Group, which advises business clients on product growth and supports fundraising efforts. Atalla has not disclosed his next step. Hitesh Jain. (LinkedIn Photo) — Generative AI principal engineer Hitesh Jain is leaving Meta. Jain has been with the company for more than 13 years, most recently working to personalize AI chatbots so they are 'helpful and engaging,' he said in his LinkedIn profile. In announcing his departure, Jain said he joined the Meta straight out of the Indian Institute of Technology Roorkee in India. 'Moving halfway across the world to the U.S. was an unexpected leap — but one of the best decisions of my life,' he added. 'What started as just a job quickly became a defining chapter of my journey. Over the years, I had the privilege of working from Seattle, [Menlo Park, Calif.], and Dublin.' Tech companies are scrambling to hire top AI talent, with Meta reportedly offering salaries of $100 million per year. Jain did not name his next role, saying, 'It's the start of a new chapter for me. Stay tuned for what's next.' Adriana Gil Miner. (LinkedIn Photo) — Adriana Gil Miner stepped down from her role as chief marketing and strategy officer at Iterable. Miner held the post for more than three years, and said on LinkedIn that she loved the chance to 'market to marketers' at the San Francisco-based B2B company. 'Few marketers get the opportunity to meet the people behind the brands you love and use every day,' Miner said on LinkedIn. Before joining Iterable, Miner held leadership roles at multiple Seattle-area companies, serving as senior vice president of marketing for Tableau Software and CMO of both Qumulo and Artefact. She did not share her next move. — Former WatchGuard Technologies CEO Prakash Panjwani joined the board of directors for Starfire Sports. The organization provides coding classes, drone summer camps, and other free, after-school sports programming for underprivileged kids in South Seattle. 'I strongly believe that we have a tremendous opportunity to influence our youth in their early years by offering them exposure to everything from sports to STEM so that they are better prepared to contribute positively to society,' Panjwani said in a statement. — Seattle industrial analytics company Seeq named Anton Chilton to its board of directors. Chilton was with manufacturing and supply chain solutions company QAD for more than two decades, rising to the role of CEO. Seeq uses AI, analytics, and monitoring to data that helps industrial businesses optimize their operations. Chilton replaces previous board director Ashley Kramer.

PwC Reducing Entry-Level Hiring, Changing Processes
PwC Reducing Entry-Level Hiring, Changing Processes

Entrepreneur

timea minute ago

  • Entrepreneur

PwC Reducing Entry-Level Hiring, Changing Processes

PwC's acceptance rate is already notoriously low, hovering around 5% for internships and 2.5% for full-time roles. A tough-to-get-into Big Four firm is completely changing its hiring process — by making it more difficult for recent graduates to land entry-level positions. PricewaterhouseCoopers (PwC), one of the Big Four accounting and auditing firms offering services in tax, audit, and consulting, told Business Insider on Thursday that it was "decreasing" its campus hiring targets. BI saw an internal slideshow stating that the firm wanted to cut entry-level hiring by one-third in the U.S. over the next three years. PwC's hiring goals for junior-level associates dropped from 3,242 employees in the fiscal year ending in June to a projected 2,197 associates in the 2028 fiscal year, a 32% decrease across three years, according to the slideshow. Related: 'Completely Blindsided': Accounting Giant PwC Is Laying Off 1,500 U.S. Workers. Here's Why. PwC did not confirm the numbers, but told BI that "technological change" and low attrition rates contributed to decreased campus-level hiring. It's notoriously difficult to land a position at PwC. According to The Times, the firm received 304,000 applications in 2022 for 7,500 roles, a 2.5% acceptance rate. Meanwhile, Management Consulted places the company's internship acceptance rate a little bit higher, at around 5%. Landing a position can be lucrative; the salary ranges for junior employees at PwC can extend into the six figures. According to Glassdoor, which included data points from 4,300 salaries, pay ranges from $81,000 to $120,000 per year for PwC associates based in the U.S. The median total compensation was $98,000, including $93,000 in base pay and a $5,000 bonus. Related: Meet the Leaders of the Big 4, Who Jointly Employ 1.5 Million Staff PwC is using AI to take over functions usually performed by junior employees, like gathering data and processing it. The company's AI Assurance Leader, Jennifer Kosar, told Business Insider earlier this month that, in the next three years, new hires at PwC will take on responsibilities currently attributed to managers. "People are going to walk in the door, almost instantaneously becoming reviewers and supervisors," Kosar told the outlet. PwC laid off 1,500 U.S. workers, or about 2% of its 75,000-person U.S. workforce, earlier this year due to low attrition or turnover. The other Big Four accounting firms, including EY, KPMG, and Deloitte, also laid off employees within the past year. Join top CEOs, founders and operators at the Level Up conference to unlock strategies for scaling your business, boosting revenue and building sustainable success.

Colossal Biosciences Founders Launch Secret AI Startup
Colossal Biosciences Founders Launch Secret AI Startup

Forbes

timea minute ago

  • Forbes

Colossal Biosciences Founders Launch Secret AI Startup

Astromech's landing page. Astromech In the high-stakes world of biotech and de-extinction, Ben Lamm and George Church are household names. The founders of Colossal Biosciences, Lamm and Church are true pioneers of the industry and the company has done what no other bioscience company has done before. They de-extinct the dire wolf, created the controversial woolly mouse and promise to bring the woolly mammoth back from the grave. However, it was discovered earlier this week that a recent, almost silent, filing with the SEC suggests their next frontier is something far more cryptic. A digital breadcrumb has revealed a new, secretive AI startup operating under the name of Astromech. Unearthed from the dry and opaque world of financial documents, a Form D filing from August 12th, 2025 serves as the first undeniable evidence of the new venture. This single, unassuming document, filed with the Securities and Exchange Commission, shows that Lamm and Church have already successfully raised a staggering $30 million for the company. The paperwork lists them as co-founders and places the venture squarely in the technology sector, formally registered in the state of Delaware. The filing is a key that unlocks a treasure chest of questions, but provides frustratingly few answers. The de-extinction duo is notoriously public, so their total silence on this new company—a fourth partnership in recent years—is deafening. What exactly is Astromech? The name itself may be a clue, a nod to the iconic repair droids of the Star Wars universe—compact, automated mechanics like the beloved R2-D2. But what is it they are aiming to repair or navigate? A minimal website—a neon-drenched fever dream that feels like the opening sequence from a Nintendo video game—offers the only other hints. The site is a barebones portal for job seekers, featuring a mysterious, animated logo of a swirling helix of DNA. Underneath this cryptic imagery is a single, powerful mission statement: navigating the code of life. Given Church's foundational work in genomics and synthetic biology, this is more than just a tagline; it's a declaration of intent. Astromech could be attempting to chart a new course in the digital mapping of our biological destiny. The job titles listed on the website only deepen the mystery. They aren't for engineers or biologist, but for roles that sound ripped from a sci-fi novel: "Synthetic Data Generation Lead," "Multi-Agent Coordinator," "Regulatory Genomics Specialist," 'Emergent Behavior Analyst" and "Robotics Specialized Physical Trainer." These aren't just jobs; they're clues, each one a piece of a larger, still-unseen puzzle pointing to a deeply complex project in advanced AI. When reached for comment, Lamm and a spokesperson for Colossal had a stark, uncharacteristic "no comment," a phrase that only adds more fuel to the fire. Whatever Lamm and Church are building, they want to keep it in the shadows for now, leaving the rest of the world to wonder: are they building the ultimate co-pilot for biology, or are they laying the groundwork for something bigger? MORE FROM FORBES Forbes The Science Of De-Extinction Is Providing Hope For Nature's Future By Emma Kershaw Forbes This Female Scientist Brought The Dire Wolf Back From Extinction By Emma Kershaw Forbes Billionaire Eugene Shvidler Revealed As The Artist Behind ES23 By Emma Kershaw

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store