Oracle’s future remains cloudy, and going forward the business software giant won’t have Larry Ellison at the helm. Ellison will step down as CEO after 37 years, Oracle (ORCL) said after Thursday’s market close. Co-Presidents Safra Catz and Mark Hurd will become co-CEOs. They’ll still report to Ellison, who becomes chairman and chief technology officer. “I am going to continue doing what I have been doing over the last several years
The dropout rate for patients on Gilead Sciences’ hepatitis C treatment Sovaldi is quadruple what was seen during clinical trials, data showed Wednesday. CVS Health (CVS) Research Institute researchers found that real-world use of Gilead’s (GILD) blockbuster drug reflects an 8.1% discontinuation rate vs. an approximate 2% rate in trials. The study also found that patients new to the hepatitis C treatment were less likely to complete
Palo Alto Networks late Tuesday reported accelerating revenue growth in fiscal Q4 and gave bullish sales guidance, as a slew of high-profile network breaches spur demand for its firewalls and other computer security products. Palo Alto Networks (PANW) stock rose 4% in late trading to 92.77, which would be a new high. “Enterprises around the world are recognizing their security is lacking,” CEO Mark McLaughlin said in a