Health
Chamber of Commerce asks judge to block Medicare drug price negotiations before October 1
The U.S. Chamber of Commerce seal is displayed during restoration at the headquarters in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images The U.S. Chamber of Commerce on Wednesday asked a federal judge in Ohio to block Medicare’s new powers to negotiate drug prices before October 1. The motion for a preliminary injunction is […]
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FDA to review Schumer’s concerns about YouTube stars’ Prime Energy drink
Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, August 29, 2020. Andrew Kelly | Reuters WASHINGTON — The Food and Drug Administration will address concerns raised by Senate Majority Leader Chuck Schumer about a caffeinated energy drink popular among teens. An agency spokesperson said it “is reviewing […]
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Nvidia invests $50 million in biotech company Recursion for AI drug discovery
A man wearing a mask walks past a Nvidia logo in Taipei, Taiwan. Sopa Images | Lightrocket | Getty Images Chipmaker Nvidia will invest $50 million in Recursion Pharmaceuticals to speed up the development of the biotech firm’s artificial intelligence models for drug discovery, the companies said Wednesday. Recursion’s stock soared 80% following the announcement. […]
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High levels of a hazardous chemical polluted the air weeks after the Ohio train derailment, an analysis shows
General view of the site of the derailment of a train carrying hazardous waste, in East Palestine, Ohio, March 2, 2023. Alan Freed | Reuters Soon after the derailment of a Norfolk Southern train in East Palestine, Ohio, a team of researchers began roving the small town in a Nissan van. It was February, less than three […]
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Whistleblower alleges Medtronic engaged in bribery scheme at veterans hospital
For nearly a decade, sales representatives from a prominent medical device maker operated a bribery scheme at a Kansas veterans hospital that wasted millions of taxpayer dollars and jeopardized the lives of patients, a recently unsealed whistleblower lawsuit alleges. The sales reps from the company, Medtronic, “bribed hospital staff to purchase its devices over those […]
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Illumina hit with record $476 million fine for closing Grail deal without EU approval
Rafael Henrique | Lightrocket | Getty Images European Union regulators on Wednesday fined Illumina a record 432 million euros ($476 million) for closing its acquisition of cancer test developer Grail without first securing regulatory approval. The European Commission’s fine amounts to 10% of San Diego-based Illumina’s turnover, the maximum allowed under E.U. merger rules. The […]
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EU expands Wegovy, Ozempic probe over suicide risks to include other weight loss, diabetes drugs
In this photo illustration, boxes of the diabetes drug Ozempic rest on a pharmacy counter on April 17, 2023 in Los Angeles, California. Mario Tama | Getty Images The European Union’s drug regulator on Tuesday said it has broadened an investigation into the risk of suicidal thoughts and self-injury among patients taking Novo Nordisk‘s Ozempic, […]
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Few patients continue weight loss drugs like Wegovy after a year — but health costs soar for all
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 Only around one-third of patients prescribed weight loss drugs such as Novo Nordisk‘s blockbuster injection Wegovy continued to take it a year later — but total health-care costs […]
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White House unveils plan to eliminate threat of fentanyl laced with xylazine
Bags of heroin, some laced with fentanyl, are displayed before a press conference at the office of the New York Attorney General regarding a major drug bust, Sept. 23, 2016. Drew Angerer | Getty Images The Biden administration unveiled a plan Tuesday to eliminate the growing threat of fentanyl laced with xylazine, an illegal street […]
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Here’s why we’re bullish on this mega-cap stock and cautious on this health name
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 Monday’s key moments. Earnings and inflation Watch J & J Strong outlook for Meta 1. Earnings and inflation U.S. stocks edged higher Monday, with the Dow jumping over 150 points, rallying after a […]
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