Health
Supreme Court blocks restrictions on Biden administration efforts to remove contentious social media posts
The US Supreme Court in Washington, DC, on June 27, 2023. Kevin Dietsch | Getty Images WASHINGTON — The Supreme Court on Friday blocked in full a lower court ruling that would have curbed the Biden administration’s ability to communicate with social media companies about contentious content on such issues as Covid-19. The decision in […]
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CVS to pull certain cold medicines containing decongestant phenylephrine from store shelves
Cold and flu medicine including NyQuil sit on a store shelf in Miami on Sept. 12, 2023. Joe Raedle | Getty Images CVS is removing some of the most common cough and cold medicines from its store shelves and will no longer sell them, a company spokesperson told CNBC on Thursday. The company’s decision comes […]
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Sanofi to offer insulin product for $35 to all Americans through GoodRx
Sanofi Lantus brand insulin pens are arranged for a photograph in the Brooklyn borough of New York, U.S., on Friday, April 5, 2019. Alex Flynn | Bloomberg | Getty Images Americans, regardless of their insurance status, can now access Sanofi‘s most widely prescribed insulin for $35 through the prescription drug savings company GoodRx, the companies […]
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Pfizer to price Covid drug Paxlovid at $1,390 per course
Paxlovid, Pfizer’s antiviral medication to treat the coronavirus disease, is displayed in this picture taken on Oct. 7, 2022. Wolfgang Rattay | Reuters Pfizer will price a five-day course of its Covid antiviral drug Paxlovid at $1,390 when the company starts to transition it to the commercial market later this year. A company spokesperson on […]
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Amazon begins delivering medications by drone in Texas
Amazon announced Friday it will soon begin making drone deliveries in College Station, Texas. Amazon Amazon Pharmacy customers located in College Station, Texas can now have their prescription medications delivered by drone, the company announced in a blog post Wednesday. Eligible customers can access more than 500 medications, including treatments for common conditions like asthma […]
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FDA proposes ban on hair relaxers with formaldehyde
The Food and Drug Administration is proposing a ban on using formaldehyde as an ingredient in hair relaxers, a huge step in raising awareness about the potential harms such products create for the many Black women who typically use them. The proposed rule would ban the chemical in hair-smoothing or hair-straightening products, also called relaxers. The FDA […]
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Johnson & Johnson beats on earnings and hikes outlook as medtech, pharmaceutical sales surge
An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019. Mark Ralston | AFP | Getty Images Johnson & Johnson on Tuesday reported adjusted earnings and revenue that topped Wall Street’s expectations, driven by a surge in sales in the company’s medical devices and pharmaceutical business divisions. […]
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Pfizer gets upgrade at Jefferies, which says there’s a buying opportunity in the pharma giant’s stock
Jefferies thinks it’s time for investors to go long on Pfizer . The firm upgraded the pharmaceutical stock to buy from hold in a Monday note and increased its price target to $39 per share from $38. Jefferies’ forecast calls for roughly 21% upside from Friday’s $32.11 close. Analyst Akash Tewari said that while the […]
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UBS upgrades this ‘core’ health-care stock, sees nearly 20% upside
UBS thinks UnitedHealth is an essential portfolio holding trading at a discount. The firm upgraded shares of the health-care giant to buy from neutral and raised its target price to $640 from $520. UBS’ forecast implies roughly 19% upside from Friday’s $539.40 close. Analyst A.J. Rice labeled the stock as “a core holding available at […]
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Rite Aid files for bankruptcy amid slowing sales, opioid litigation
A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City. Spencer Platt | Getty Images Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. The company appointed Jeffrey Stein as its new chief executive officer […]
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