Worldwide sales of Humira, AbbVie's heavily advertised prescription drug that treats rheumatoid arthritis and other ailments, hit $18.4 billion in 2017 — an increase of more than 14%. Humira represented about two-thirds of AbbVie's total revenue.
The big picture: Humira, which costs $38,000 after rebates, is the top-selling drug on the planet. If Humira were a standalone company, it would be larger than many Fortune 500 conglomerates, such as General Mills, Halliburton or Xerox.
Illustration: Sarah Grillo/Axios
Illustration: Eniola Odetunde/Axios
General Motors is trying to revive an incendiary lawsuit against Fiat Chrysler Automobiles with explosive new allegations including bribes paid from secret offshore bank accounts and a union official acting as a double agent between the two automotive giants.
Why it matters: The extraordinary legal battle is occurring amid earth-shaking changes in the global auto industry that threaten to turn both litigants into dinosaurs if they aren't nimble enough to pivot to a future where transportation is a service, cars run on electrons and a robot handles the driving.
Gov. Cuomo on July 23 in New York City. Photo: Jeenah Moon/Getty Images
New York Gov. Andrew Cuomo announced Friday that all school districts across the state can choose to reopen for in-person learning because it has so far maintained low enough coronavirus transmission rates.
Why it matters: It’s another sign that the state, once the global epicenter of the pandemic, has — at least for now — successfully curbed the spread of the virus even as infections have surged elsewhere around the country.