Health
GE Healthcare soars 9% on earnings beat, wise guidance. Here’s our new price target
Things continue to look up for GE Healthcare stock this year. Shares of the medical technology company jumped roughly 9% on Thursday after delivering solid fourth-quarter results and providing prudent 2025 guidance. While the Club stock left much to be desired in 2024, these numbers boosted shares that were already bouncing off their most recent […]
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Senate votes to confirm Robert F. Kennedy Jr. as health secretary
The GOP-controlled Senate voted Thursday to confirm Robert F. Kennedy Jr., a longtime anti-vaccine activist, to lead the country’s most powerful health care agency. Kennedy was confirmed as health and human services secretary on a mostly party-line vote of 52-48. Sen. Mitch McConnell, R-Ky., broke ranks on yet another of President Donald Trump’s Cabinet nominees, […]
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Prenuvo adds new health tests to flagship full-body scan, raises $120 million in fresh funding
Prenuvo’s clinic in New York City, New York. Courtesy of Prenuvo Preventative health startup Prenuvo on Thursday announced it will offer three new health assessments in addition to its flagship full-body MRI scan. The company is launching a detailed blood test, neurological scan and body composition analysis that was approved by the U.S. Food and […]
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U.S. investors, Big Pharma race to find new medicines in China
A worker is working on a drug production line at the production workshop of a pharmaceutical company in Meishan, China, on January 30, 2024. \ Nurphoto | Nurphoto | Getty Images A little-known biotech company stunned the biopharmaceutical industry last spring when it declared an “unprecedented” achievement: its experimental cancer drug looked more effective than […]
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Healthy Returns: What to know about Trump’s NIH funding cuts
Biotech researchers. Janiecbros | E+ | Getty Images 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. The Trump administration is trying to implement major funding cuts to the National Institutes of Health that would cap […]
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CVS CEO defends pharmacy middlemen, accuses drugmakers of ‘monopolistic’ practices
David Joyner, a longtime CVS executive, speaks during a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., on May 10, 2023. Al Drago | Bloomberg | Getty Images CVS Health CEO David Joyner on Wednesday defended controversial pharmacy middlemen like his company’s Caremark unit, which are widely accused of inflating prescription medication […]
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Apple launches first major health study in 5 years. Here’s how you can opt in
Apple CEO Tim Cook delivers remarks before the start of an Apple event at the Apple headquarters in Cupertino, California, on Sept. 9, 2024. Justin Sullivan | Getty Images Apple is deepening its investment in health-care research by launching a new, years-long project called the Apple Health Study, the company announced on Wednesday. The study […]
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Biogen beats estimates on cost cuts and new drugs like Leqembi, but profit outlook falls short
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Wednesday posted fourth-quarter revenue and profit that topped expectations as its cost cuts showed progress and new products, including its breakthrough Alzheimer’s treatment Leqembi, saw growth. But the biotech company’s […]
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CVS results top estimates even as high medical costs drag down insurance unit
An exterior view of a CVS pharmacy in Danville, Pennsylvania. Paul Weaver | Lightrocket | Getty Images CVS Health on Wednesday reported fourth-quarter revenue and profit that topped estimates, even as its troubled insurance business continued to see higher medical costs. The company also issued a full-year 2025 adjusted earnings outlook of $5.75 to $6 […]
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We’re adding to our position in a sliding stock and booking profits in a 2025 winner
We’re making a pair of trades Monday as Wall Street rallies to kick off the week. Source
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