Health
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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When is it OK to violate your cost basis to buy more shares of a company?
Here’s our Club Mailbag email [email protected] — so you send your questions directly to Jim Cramer and his team of analysts. We can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. This week’s question: The cardinal rule of discipline is […]
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Many are betting Ozempic will reduce the need for knee surgery. What it means if they’re wrong
Medical device stocks of all kinds were pummeled over the past week as investors tried to calculate the ripple effects of new weight loss drugs. It wasn’t the first rout in the sector — the pressure has persisted for several months. The fear has been that whenever you have a large group of consumers changing […]
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Pfizer slashes full-year earnings and revenue guidance as Covid treatment, vaccine sales slump
Pfizer CEO Albert Bourla talks during a press conference with the president of the European Commission after a visit to oversee the production of the Pfizer-BioNTech Covid-19 vaccine at the factory of U.S. pharmaceutical company Pfizer, in Puurs, Belgium, April 23, 2021. John Thys | AFP | Getty Images Pfizer slashed its full-year earnings and […]
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Pharmacy staff from Walgreens, other chains could stage nationwide walkout and rallies in coming weeks
A woman walks near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Pharmacy staff from Walgreens are laying the groundwork for a nationwide walkout and multiple rallies at the end of October to protest unsatisfactory working conditions, and are in talks with employees from […]
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Biden praises Kaiser Permanente labor agreement after worker strike: ‘Collective bargaining works’
Healthcare workers strike in front of Kaiser Permanente Los Angeles Medical Center, as more than 75,000 Kaiser Permanente healthcare workers go on strike from October 4 to 7 across the United States, in Los Angeles, California, October 4, 2023. Aude Guerrucci | Reuters More than 85,000 health workers reached a tentative labor agreement with Kaiser […]
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