Business
Nykaa’s quarter 3 net profit up 2.5x to Rs 68 crore – The Times of India
MUMBAI: Nykaa’s net profits more than doubled to Rs 67.7 crore on a consolidated basis in the Dec quarter from Rs 26.4 crore in the year-ago quarter. Revenue from operations increased to Rs 2,873.2 crore from Rs 2,276.2 crore in the year ago period on the back of robust consumer demand for beauty products and growth in fashion. In a filing to the exchanges on Thursday, the company said that it posted its higher ever consolidated GMV (gross merchandise value) to date in Q3 at Rs 5,975 crore, a 28% year-on-year growth. GMV is the total value of goods sold through an e-commerce platform. It is calculated before the deduction of fees and expenses.
Business
The White House is launching direct-to-consumer drug site Trump Rx. Here’s what to know
President Donald Trump makes an announcement from the Oval Office at the White House in Washington, Nov. 6, 2025.
Jonathan Ernst | Reuters
President Donald Trump on Thursday is slated to announce the launch of TrumpRx — a direct-to-consumer website that is key to his administration’s efforts to lower prescription drug costs in the U.S.
In a post on X, White House press secretary Karoline Leavitt said Trump and other administration officials will debut the website at 7 p.m. ET on Thursday.
She said millions of Americans would save money through TrumpRx, but it’s still unclear if all patients — particularly those with insurance coverage — will see more cost savings from using that site to buy their medicines. TrumpRx targets people who are willing to pay with cash and forgo insurance, which suggests that people without or with limited coverage may benefit the most.
The site is not expected to sell drugs directly to American patients, but will act as a central hub that points them to drugmakers that are offering discounts on certain products on their own direct-to-consumer sites. For example, Eli Lilly and Novo Nordisk have offered their blockbuster obesity drugs at hefty discounts to cash-paying patients.
In recent months, both companies and at least 14 other drugmakers have negotiated agreements with the Trump administration to participate on the platform and voluntarily sell certain medicines at a discount to Medicaid patients. Those landmark deals are part of Trump’s broader “most favored nation” policy, which pushes to link U.S. drug prices to the lowest ones abroad.
It is the government’s latest effort to try to rein in U.S. prescription drug prices, which are two to three times higher on average than those in other developed nations — and up to 10 times more than in certain countries, according to the Rand Corp., a public policy think tank.
But TrumpRx “doesn’t seem like it is the only solution” to that issue for most Americans, said Juliette Cubanski, deputy director of the program on Medicare Policy at KFF, a health policy research organization. The cash-pay offerings could be better deals for patients without insurance, but it’s difficult to assess exactly how many people stand to benefit from TrumpRx, she added.
“If they’re able to get a drug covered by their insurance at a relatively affordable copay, then there’s not a great upside to using the TrumpRx website,” Cubanski said.
She said people with insurance coverage who buy through direct-to-consumer platforms may also not have their purchases count toward their benefits, which means it doesn’t help them meet their deductible or out-of-pocket maximum.
But Cubanski said there’s potential for TrumpRx to be helpful in expanding access to certain drugs at more affordable prices, particularly medicines not covered widely by insurance in the U.S., such as obesity drugs. Medicare will start covering weight loss treatments for the first time later this year as part of the deals Lilly and Novo struck with Trump, but many employers are still hesitant to cover those drugs.
Still, many of the other products expected to be listed on TrumpRx are already widely covered through insurance, and some are available as cheaper generics from competing drugmakers.
Questions about savings
Questions remain about how much savings people can expect if they buy their medicines at direct-to-consumer prices.
The announced price reductions for certain drugs are framed as steep cuts from their so-called retail list prices. For example, under Novo Nordisk’s agreement with the administration, its diabetes drug Ozempic will be priced at $350 per month on TrumpRx, which is less than half of its roughly $1,000 monthly list price.
But those list prices are often far higher than what private insurers and government programs ultimately pay for medicines after rebates, discounts and other concessions, according to researchers at Georgetown’s Medicare Policy Initiative. That suggests some payers may already be securing prices comparable to — or lower than — the newly announced discounts on medications under the Trump deals.
The Georgetown researchers cited one study that found that average discounts on brand-name drugs in Medicare Part D run around 40% of list prices. Meanwhile, discounts in Medicaid exceed 75%, according to a Congressional Budget Office study.
In the private sector, “we’ve got insurers and pharmacy benefit managers negotiating lower prices and designing an insurance benefit that enables people to benefit from those price negotiations,” said KFF’s Cubanski.
“My guess is that for most drugs, at least most brand-name medications, people are likely to get a better deal using their insurance rather than purchasing a drug through a direct-to-consumer website,” she said.
Drugs on TrumpRx
The administration has not provided a full list of drugs that will be listed on TrumpRx.
But available information from recent drug pricing deals indicates many widely used drugs will have discounted prices listed on the site:
- Ozempic injection for diabetes, made by Novo Nordisk: $350 per month, down from around $1,000
- Wegovy injection for obesity, made by Novo Nordisk: $350 per month, down from around $1,350
- Wegovy pill for obesity, made by Novo Nordisk: $150 per month for the starting doses
- Zepbound injection for obesity, made by Eli Lilly: $350 per month, down from $1,086
- Trulicity for diabetes, made by Eli Lilly: $389 per month, down from about $1,000
- Emgality for migraines, made by Eli Lilly: $299, down from around $764
- Repatha for lowering cholesterol, made by Amgen: $239, down from $573
- Reyataz for HIV, made by Bristol Myers Squibb: $217, down from $1,449
- Januvia for diabetes, made by Merck: $100, down from $330
- Epclusa for hepatitis C, made by Gilead: $2,425, down from $24,920
- Jentadueto for diabetes, made by Boehringer Ingelheim: $55, down from $525
- Xofluza for flu, made by Genentech: $50, down from $168
- Advair Diskus inhaler 500/50, made by GSK: $89, down from $265
- Mayzent for multiple sclerosis, made by Novartis: $1,137, down from $9,987
- Plavix, made by Sanofi: $16, down from $756
In an interview with CNBC at a conference in January, Bristol Myers Squibb CEO Chris Boerner said the company has multiple products on its existing direct-to-consumer platform, which first offered a cash-pay discount on its blood thinner Eliquis. That platform will link to TrumpRx, he said.
The company is going to examine ways to put additional products in its portfolio on its own platform, “where it makes sense,” Boerner added. He said Bristol Myers is “aligned with the administration” on the issue of the U.S. health care system being too complex, and said several middlemen can increase costs.
“What we like about these [direct-to-consumer models], where they make sense from a business standpoint, is you’re able to circumvent some of that,” Boerner said.
Meanwhile, in an exclusive interview with CNBC last week, Eli Lilly CEO Dave Ricks said the company was the first drugmaker to sell obesity treatments directly to patients, and that TrumpRx is “taking that and expanding it across the industry” to other medicines.
“We’re all for that,” Ricks said.
Business
UKHSA reports 36 notifications of baby formula cereulide poisoning
There have been 36 clinical reports of children suffering symptoms consistent with toxin poisoning linked to recent baby formula recalls, the UK Health Security Agency has said.
The UKHSA said it and partner agencies had received 24 notifications in England, seven in Scotland, three in Wales, one in Northern Ireland and one from the Crown Dependencies of children who had consumed implicated batches and developed symptoms.
On January 5, the Food Standards Agency (FSA) confirmed that Nestle was undertaking a precautionary product recall of several batches of 12 SMA Infant Formula and Follow-On Formula products in the UK due to the possible presence of the cereulide toxin.
The recall was updated with new product expiry dates on January 9.
On January 24, Danone – another widely distributed infant formula retailer – recalled one batch of Aptamil First Infant Formula because of cereulide contamination.
It emerged last week that the contamination that led to both recalls originated from a shared, third-party, ingredient supplier.
The FSA urged people with any affected products to stop using them, switch to an alternative and contact their GP or NHS 111 if their baby has already consumed the formula.
If formula is prescribed, parents should speak to a pharmacist or doctors before switching, the FSA said.
Bacillus cereus is a spore-forming bacterium that can contaminate a range of food products and when allowed to grow, certain strains can produce the cereulide toxin, the UKHSA said.
Symptoms of Bacillus cereus food poisoning and cereulide toxin poisoning are most commonly vomiting but may include stomach cramping and diarrhoea.
Symptoms usually have a rapid onset between 15 minutes to up to six hours after ingestion.
They usually resolve within 24 hours providing there is no ongoing exposure to the toxin.
Ingestion of the toxin rarely causes more significant illness, however a “few” cases of liver or kidney injury, muscle breakdown and multi-organ failure have been reported, the UKHSA said.
Individuals at high risk of complications include young children and the immunocompromised.
The FSA is continuing to investigate the source of the contamination.
More detail about which batches have been recalled can be found on food.gov.uk or on the Nestle website.
Business
Wedgwood to cut jobs at Staffordshire’s Barlaston factory
Seventy workers at the Staffordshire site were put on temporary leave last year due to slow demand.
Source link
-
Sports1 week agoTammy Abraham joins Aston Villa 1 day after Besiktas transfer
-
Business1 week agoPSX witnesses 6,000-point on Middle East tensions | The Express Tribune
-
Entertainment1 week agoK-Pop star Rosé to appear in special podcast before Grammy’s
-
Tech1 week agoThe Surface Laptop Is $400 Off
-
Tech1 week agoHere’s the Company That Sold DHS ICE’s Notorious Face Recognition App
-
Tech4 days agoHow to Watch the 2026 Winter Olympics
-
Tech6 days agoRight-Wing Gun Enthusiasts and Extremists Are Working Overtime to Justify Alex Pretti’s Killing
-
Entertainment1 week agoPeyton List talks new season of "School Spirits" and performing in off-Broadway hit musical
