Health
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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China is furious with Japan’s plan to release treated Fukushima water into the ocean
Fisherman Haruo Ono’s fishing boats are pictured at Tsurushihama Fishing Port, Shinchi-machi of Fukushima Prefecture, some 60 kms north of the wrecked Fukushima Daiichi nuclear plant on August 21, 2023. Philip Fong | Afp | Getty Images Japan is expected to start releasing a huge amount of treated radioactive water from the tsunami-hit Fukushima nuclear […]
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Covid vaccine stocks jump as new variants emerge ahead of fall shot rollout
Nikos Pekiaridis | Lightrocket | Getty Images Covid vaccine makers’ shares rose Monday as new variants of the virus emerge in the U.S. ahead of the rollout of updated shots this fall. Shares of Novavax jumped more than 13%. Moderna‘s stock rose more than 9%. Shares of BioNTech, which jointly develops Covid vaccines with Pfizer, […]
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Weight loss drugs boost sales at retail pharmacies, but they may not help profits much
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023. George Frey | Reuters Drugmakers aren’t the only ones feeling the impact of the weight loss industry gold rush. Retailers with pharmacy businesses, such […]
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This biotech name is one of Jim Cramer’s favorite stocks and he thinks it can go even higher
Regeneron Pharmaceuticals (REGN) rose Monday after the Food and Drug Administration approved a higher-dose formulation of Eylea, the company’s macular degeneration treatment. If you like this story, sign up for Jim Cramer’s Top 10 Morning Thoughts on the Market email newsletter for free. CNBC’s Jim Cramer said on “Squawk on the Street” that Regeneron is […]
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We’re buying more of 2 stocks, deploying some of our cash pile in an oversold market
We’re putting a little more of our big cash position to work Monday into the oversold market. Source
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