Health
Biden administration unveils first 10 drugs subject to Medicare price negotiations
Kubra Cavus | Istock | Getty Images The Biden administration on Tuesday unveiled the first 10 prescription drugs that will be subject to price negotiations between manufacturers and Medicare, kicking off a controversial process that aims to make costly medications more affordable for older Americans. President Joe Biden’s Inflation Reduction Act, which passed in a […]
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The ADHD drug market is already stretched thin. Now it’s facing a back-to-school supply strain
Ten milligram tablets of the hyperactivity drug, Adderall, made by Shire Plc. Jb Reed | Bloomberg | Getty Images It’s been 10 months since the Food and Drug Administration first announced a nationwide shortage of Adderall — one of the most widely used medications for attention deficit hyperactivity disorder — and the supply strain could […]
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China had almost 2 million excess deaths after the end of ‘zero-Covid,’ U.S. study finds
Technicians perform protein testing on the Covid-19 vaccine ReCOV at the Reco Biological Workshop in Taizhou, Jiangsu province, China, December 23, 2021. CFOTO | Future Publishing | Getty Images There were almost 2 million excess deaths in the two months after China lifted its “zero-Covid” restrictions, a U.S. study found, contradicting official figures from Beijing that have been criticized as […]
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Here are the 8 trades and 3 price-target changes we made during a busy week
Our portfolio experienced a flurry of adjustments in a week dominated by Nvidia’s (NVDA) quarterly results Wednesday evening and Federal Reserve Chairman Jerome Powell’s Jackson Hole address Friday. Here’s a day-by-day look at the trades and price-target changes, and what motivated each decision. Monday Monday proved to be a harbinger for the rest of the […]
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Wegovy helps reduce heart failure symptoms in obese people, study says
A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, March 31, 2023. Jim Vondruska | Reuters Wegovy, the popular weight loss drug from Novo Nordisk, significantly reduced symptoms of a common type of heart failure in patients with obesity, according to a late-stage clinical […]
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3 things point to better times ahead for this maker of X-Ray and MRI machines
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Wall Street saw some volatility Friday around Federal Reserve Chairman Jerome Powell’s morning speech from the central bank conference in Jackson Hole, Wyoming. Powell said inflation is still “too […]
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CDC expects new Covid vaccines from Pfizer, Moderna and Novavax to be available in mid-September
A sign advertises COVID-19 (coronavirus) vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, August 14, 2023. Brian Snyder | Reuters The Centers for Disease Control and Prevention expects updated Covid vaccines from Pfizer, Moderna and Novavax to be available to the public in mid-September, an agency official told reporters Thursday. That amounts to the […]
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Biden resists pressure from lawmakers and seeks short extension to key China science pact
A Chinese scientist works at the national laboratory of medical genetics of China in Central South University June 19, 2006 in Changsha city, Hunan province of China. Guang Niu | Getty Images News | Getty Images The Biden administration is seeking a short-term extension to a landmark science and technology agreement with China despite pressure […]
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CVS pushes into making cheaper versions of complex drugs with new discount Humira
Rafael Henrique | Lightrocket | Getty Images CVS Health is partnering with drugmaker Sandoz to produce a near identical version of the blockbuster arthritis treatment Humira that will sell for 80% below the price of the brand-named drug. The move is part of the company’s new venture focused on securing, and in some cases co-producing, […]
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Juul to cut 30% of its workforce in bid to cut costs and boost profitability
Juul Labs signage is seen in the window of a store in San Francisco, June 25, 2019. David Paul Morris | Bloomberg | Getty Images Juul Labs said Wednesday it’s planning to cut about 30% of its workforce as it looks to cut costs and boost profits. The layoffs will affect roughly 250 people, reducing […]
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