Health
FDA proposes new lead limits for baby food to reduce potential risks to children’s health
Jgi/jamie Grill | Tetra Images | Getty Images The Food and Drug Administration proposed new limits Tuesday on lead in baby food, in an effort to reduce exposure to a toxin that can impair childhood development. The lead limits apply to processed food consumed by children younger than two years old. In a statement, FDA […]
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Danaher’s stock drop looks like a buying opportunity after it reported a solid quarter
Life sciences and medical diagnostics company Danaher (DHR) reported better-than-expected earnings and revenue for the fourth quarter. We view the dip in the stock as unjustified and an opportunity. Revenue increased nearly 10% on a core basis to $8.37 billion, well above estimates of $7.9 billion, according to Refinitiv. Adjusted profit increased 6.7% to $2.87 […]
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Amazon adds generic prescription perk for Prime members
Amazon on Tuesday announced a new prescription perk for U.S. Prime members, hoping to boost subscriptions and attract users to its pharmacy service. The add-on, called RxPass, will allow Prime members to get as many drugs as they need from a list of 50 generic medications to treat more than 80 common chronic conditions, such […]
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Jim Cramer’s Investing Club meeting Tuesday: J&J, Danaher, AMD
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 Tuesday’s key moments. Buy JNJ while it’s down Look to buy Danaher Wait to buy AMD 1. Buy JNJ while it’s down Shares of Johnson & Johnson (JNJ) slipped more than 1% Tuesday […]
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The FDA’s power to approve drugs faces sweeping challenge in lawsuit seeking to pull abortion pill from U.S. market
Mifepristone (Mifeprex) and Misoprostol, the two drugs used in a medication abortion, are seen at the Women’s Reproductive Clinic, which provides legal medication abortion services, in Santa Teresa, New Mexico, on June 17, 2022. Robyn Beck | AFP | Getty Images The Food and Drug Administration is squaring off with anti-abortion physicians in an unprecedented […]
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FDA says Covid vaccines will probably get an annual update but most people will likely need only one shot
Justin Sullivan | Getty Images The Food and Drug Administration has laid out a road map for what Covid-19 vaccination may look like moving forward. In a briefing document published Monday, the FDA said the vaccines will probably need an annual update as the virus continues to evolve. The agency would select the Covid strain […]
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Medical device stocks tend to beat the market, and analysts expect these names to see big gains
Medical device makers, like many manufacturers, have faced challenges over the last year from inflationary supply chain costs, staffing shortages and the strong dollar impacting sales overseas. But the new year has brought a more positive tone from firms in the sector, even as large technology players and others are announcing layoffs and sounding the […]
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The benefits and risks of personal medical monitoring on the internet
A blood glucose control system with the help of a smartphone and a meter that is fixed to the skin. Ute Grabowsky | Photothek | Getty Images The internet of things to remote monitor and manage common health issues has been growing steadily, led by diabetes patients. About one out of every 10 Americans, or […]
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One of the UK’s largest unions announces 10 more days of strikes
COVENTRY, U.K. – Dec. 21, 2022: Unite union general secretary Sharon Graham (centre), joins ambulance workers on the picket line outside ambulance headquarters in Coventry. On Friday, Jan. 20, Unite announced a further 10 days of strikes as a dispute between the government and ambulance escalated. Jacob King/PA Images via Getty Images LONDON — One […]
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Top pharma CEO says Covid likely to become endemic, urges investment in pandemic preparedness
Novartis said in August that it plans to spin off its generics unit Sandoz to sharpen its focus on its patented prescription medicines. Bloomberg | Bloomberg | Getty Images The chief executive of Swiss pharmaceutical giant Novartis on Thursday warned the coronavirus pandemic will likely settle into an endemic phase and renewed calls for policymakers […]
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