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AI Meets Obesity Drugs: Generate Biomedicines and Zealand Pharma Ink Up to $1.2 Billion Protein Therapeutics Deal

Generate Biomedicines receives $30M upfront in a deal with Zealand Pharma to advance AI protein candidates for obesity, up to $1.2B total.

AI Meets Obesity Drugs: Generate Biomedicines and Zealand Pharma Ink Up to $1.2 Billion Protein Therapeutics Deal
generatebiomedicines.com/
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10/13/2026 · 5:56 PM
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Biomea Fusion Stock Drops Sharply on Underwhelming BMF-650 Phase 1 Results
10/13/2026 · 5:41 PM

Biomea Fusion Stock Drops Sharply on Underwhelming BMF-650 Phase 1 Results

Early Phase 1 data for Biomea’s oral GLP-1 showed limited weight reduction versus expectations, leading investors to sell the stock and management to seek a partner.

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AMAT Slides After Investor Day Skips Specific Wafer Fab Equipment Forecast
Featured/ 10/13/2026 · 5:18 PM

AMAT Slides After Investor Day Skips Specific Wafer Fab Equipment Forecast

CEO Dickerson expressed strong confidence in AI-driven growth but stopped short of a firm wafer fab equipment forecast amid factory and supply limits.

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Bank of America Fined Record $1.2 Billion for Failing to Report $5 Billion in Suspicious Transactions
10/13/2026 · 4:31 PM

Bank of America Fined Record $1.2 Billion for Failing to Report $5 Billion in Suspicious Transactions

BofA faces a record $1.2 billion penalty after failing to report over $5 billion in suspicious transactions linked to Chinese networks and the southern border.

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