Health
Stocks pop on cool inflation, hot bank earnings — plus, new rules on biotech exports to China
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Wall Street surged Wednesday thanks to the second encouraging inflation report this week and a batch of strong bank earnings. The consumer price index, excluding […]
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Bristol Myers Squibb says Alzheimer’s is the biggest market for new schizophrenia drug
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb believes Alzheimer’s is the largest market for its newly approved schizophrenia drug, Cobenfy, which it expects to eventually generate billions of dollars in revenue. In […]
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FDA bans Red No. 3, artificial coloring used in beverages, candy and other foods
Red Dye # 3 can have deleterious health effects. The cherries are from a canned fruit cocktail sold at the Dollar TreeIsland Choice Diced Fruit Cocktail (cherries have red #3). Linnea Bullion | The Washington Post | Getty Images The Food and Drug Administration said Wednesday it’s banning the use of Red No. 3, a […]
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Healthy Returns: From Eli Lilly to Amazon, here are the latest health-care deals
A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. Good afternoon from San Francisco! This week, Ashley and I are attending the annual JPMorgan Health Care Conference – the largest gathering of biotech and pharma execs, […]
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FDA proposes putting nutrition info on the front of food packages
Nutrition labels are seen on food packaging in Miami, Florida. Joe Raedle | Getty Images The Food and Drug Administration on Tuesday proposed a new rule for nutrition labels on packaged food and drinks that’s intended to help Americans make healthier choices at a glance. Under the new rule, which shoppers could see as early as 2028, […]
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Moderna stock plunges 18% after company lowers 2025 sales forecast by $1 billion
The Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty Images Moderna on Monday lowered its 2025 sales guidance by roughly $1 billion due to a few potential headwinds later this year, as the biotech company continues to cut costs and expand its portfolio. Moderna now […]
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New AI tool for fighting health insurance denials could save hospitals billions, and help patients
The Waystar team celebrates its IPO at the Nasdaq 2024 Nasdaq, Inc. / Vanja Savic Health-care payments company Waystar on Monday announced a new generative artificial intelligence tool that can help hospitals quickly tackle one of their most costly and tedious responsibilities: fighting insurance denials. Hospitals and health systems spend nearly $20 billion a year […]
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Biden’s last chance to tackle tobacco: Limiting nicotine levels in cigarettes
Unnamed smoker at 4th Street Live in Louisville, KY. Jahi Chikwendiu | The Washington Post | Getty Images In its last few days of power, the Biden administration is expected to officially propose a limit on nicotine in cigarettes. It’d be a last-minute move to push back against the tobacco industry after President Joe Biden […]
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It’s ‘Dry January.’ Here’s how much you can save by not drinking for a month
Ryanjlane | E+ | Getty Images The start of a new year is the most popular time to make a resolution or two. For many, those include giving up alcohol for the first 31 days. This year, 22% of adults are participating in Dry January, five percentage points higher than in previous years, according to a […]
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Walgreens results top estimates as drugstore chain works to slash costs
People walk by a Walgreens on Nov. 3, 2024 in Brookline, Massachusetts. Danielle DeVries | CNBC Walgreens on Friday reported fiscal first-quarter earnings and revenue that topped expectations, as it shutters stores and cuts other costs to steer itself out of a rough spot. Here’s what Walgreens reported for the three-month period ended Nov. 30 […]
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