Source: Sharecast
The price of the weight loss jab Mounjaro will rise by up to 170% in the UK, its US manufacturer has said, as Donald Trump ramps up pressure on drugmakers to increase their prices for Europeans so that they can make them more affordable for Americans. Eli Lilly has said it will increase the price of the drug from September, with a month’s supply of the highest dose rising from £122 to £330. – Guardian
A London-based advertising agency has denied holding any takeover talks with Sir Martin Sorrell and insisted it has no interest in a deal. MSQ Partners said it was “surprised” by a recent announcement from Sir Martin’s S4 Capital following a report by Sky News that claimed it had received an approach about a possible merger. – Telegraph
Fears of a fresh inheritance tax (IHT) raid by Rachel Reeves have sent a chill through Britain’s housing market, a leading estate agent warned. Bosses at Savills, one of Britain’s largest property agents, said a “vacuum” of information on IHT changes from the Government was forcing prospective house buyers to hold fire on purchases. – Telegraph
Gatwick Airport’s outgoing boss said he is “optimistic” that the airport’s expansion plan will be approved. But Stewart Wingate also warned that the £2.2 billion plan to create a second runway could be grounded if disputes with the Treasury and the Department for Transport are left unresolved. – The Times
Warren Buffett’s Berkshire Hathaway has revealed a $1.6 billion bet on the shares of a beleaguered US healthcare giant. Berkshire Hathaway has acquired 5 million shares in UnitedHealth Group, a health insurer which acknowledged it is under criminal investigation by the Department of Justice last month. The investment gives Berkshire a stake in United valued at $1.6 billion. – The Times
