#revenue

Eli Lilly moved into selective degradation of pathogenic autoantibodies with a deal worth up to $2.875B. Elsewhere, open-weight AI models grew markedly in scale, ChatGPT advertising reached a $1B annualized run rate, and data from hundreds of thousands of businesses showed AI use climbing without an apparent employment shock so far.

Moderna and Merck's individualized cancer vaccine program appears to have overcome years of skepticism, according to STAT. Anthropic's revenue climbed sharply even as its flagship model reportedly loses ground to cheaper rivals, a tension one developer described as forcing harder choices about AI coding costs. Health policy shifted on several fronts: a Medicaid precedent that could reach far beyond its original target, a new FDA nominee, and a promised FDA guidance on generative AI devices.