Health
Monkeypox cases jumped 20% in the last week to 35,000 across 92 countries, WHO says
Monkeypox continues to spread across the globe with cases jumping by 20% over the last week, according to the World Health Organization. Infections increased by nearly 7,500 to more than 35,000 cases total across 92 countries, but nearly all reported cases are in Europe and the Americas, according to WHO data. Twelve deaths have been […]
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We’re making two sales due to an overbought market, meme stock froth
We’re making a couple of small trims Wednesday morning for two reasons. Source
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Best Buy to sell over-the-counter hearing devices this fall following change in FDA regulation
Black Friday shoppers leave a Best Buy store in Washington, DC, on November 26, 20221. Nicholas Kamm | AFP | Getty Images Best Buy said Wednesday that it will offer an expanded collection of hearing products and services this fall after federal regulators said they would begin allowing sales of over-the-counter hearing devices. By fall, […]
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The Inflation Reduction Act caps costs for Medicare patients on insulin. Where the push for broader relief stands
The Good Brigade | Digitalvision | Getty Images A new legislative package signed into law by President Joe Biden on Tuesday is a big win for Medicare patients who struggle to cover the cost of insulin to manage their diabetes. But the bill, called the Inflation Reduction Act, falls short of applying those cost controls […]
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Polio has been circulating for months in New York City area and poses an ongoing risk to the unvaccinated, CDC says
Polio has been circulating locally in the New York City metropolitan area for months after an individual introduced the virus from abroad, according to the Centers for Disease Control and Prevention. An unvaccinated young adult in Rockland County, a suburb of New York City, caught polio in June and suffered paralysis. The individual had not […]
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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday
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: Oil’s decline is good news We want confirmation that inflation’s peaked Quick mentions: JNJ, LLY, LIN Disney’s real problem is its balance sheet 1. Oil’s decline is good news Stocks […]
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UK becomes the first country to approve a dual Covid vaccine targeting omicron
Britain has become the first country in the world to approve Moderna’s bivalent Covid-19 vaccine, which targets both the original strain of the virus and the newer Omicron variant. Long Visual Press | Universal Images Group | Getty Images LONDON — Britain on Monday became the first country in the world to approve a dual […]
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We’re using a pullback in one of our drug stocks to buy more shares
While mindful of a liability risk, we continue to believe this company’s exposure will be minimal, if anything. Source
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Passage of Inflation Reduction Act gives Medicare historic new powers over drug prices
A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images Medicare is poised to renegotiate the prices of some of its most expensive drugs through a historic expansion of its power, which could reduce costs for many seniors as well as federal spending on its prescription drug plan. The […]
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Pharma stocks crater as investors brace for billions in heartburn drug litigation charges
Shares of GlaxoSmithKline, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug Zantac. This has been a known issue bumbling in the background for years but investor concern exploded this week in the lead-up to […]
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