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Johnson & Johnson (NYSE:JNJ), Pfizer (NYSE:PFE) and Elan (NYS E:ELN) have jointly developed Bapineuzumab, which is an investigational treatment its owners hope will be first broadly available drug designed to target a cause of Alzheimer’s, rather than just its symptoms, according to a Bloomberg report. An analyst at ISI estimates that the med has but a 25 percent chance for FDA approval; data from late-stage trials of the treatment, as well as one from Lilly (NYSE:LLY), are not expected before October, but the therapies will be explored next week at the Alzheimer’s Association International Conference.
JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon’s agenda for this week includes the restoration of investor confidence. The now-famous executive will meet with analysts for two hours on July 13 at the bank’s New York headquarters to field questions, according to Bloomberg.
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McDonald’s Corp. (NYSE:MCD) Canada Executive Chef Dan Coudreaut walks viewers through the process of making a Big Mac at home in a new public relations campaign designed to help the company seem more in touch with its fans. In the video, Coudreaut reveals that every ingredient used to make both the Big Mac and the special sauce are available in any local grocery store.
Microsoft Corporation (NASDAQ:MSFT) is among several firms that are ‘requested’ to offer terms to Vevo, in an effort to persuade it to renew its contract with YouTube, says the Los Angeles Times. Doug Morris, the founder of Vevo, which is the music service jointly owned by Sony Music (NYSE:SNE), Universal Music (VIVHY), and Abu Dhabi Media, advises warned Google (NASDAQ:GOOG) that if the terms of its contract are not improved in its favor it might not renew with YouTube. Firms invited to offer deals to Vevo, along with Microsoft, include Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL) and Amazon.com (NASDAQ:AMZN).
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