Biotech and Pharmaceuticals
Biden signs Inflation Reduction Act into law, setting 15% minimum corporate tax rate
After more than a year of debate over costs, taxes, tax credits and regulations, President Joe Biden finally signed his sweeping tax, health and climate bill into law — albeit a significantly reduced version of the $1.75 trillion Build Back Better plan he was pushing for last year. The president signed the newly renamed Inflation Reduction […]
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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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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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CDC eases Covid guidance as U.S. has more tools to fight the virus and keep people out of the hospital
A sign outside of a hospital advertises COVID-19 testing on November 19, 2021 in New York City. On Friday vaccine advisers to the US Centers for Disease Control (CDC) and Prevention voted unanimously in recommending a booster shot of the COVID-19 vaccines for all adults in the United States six months after they finish their […]
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FDA expands monkeypox vaccine authorization to increase dose supply five-fold
A health worker administers a dose of the Bavarian Nordic A/S Jynneos monkeypox vaccine at a vaccination site in West Hollywood, California, on Wednesday, Aug. 3, 2022. Jill Connelly | Bloomberg | Getty Images The Food and Drug Administration on Tuesday expanded its authorization for the monkeypox vaccine in a way that would significantly boost […]
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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Tuesday
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 Tuesday’s key moments. We are sticking to NVDA despite struggles in sector We’re trimming an oil stake Tensions with China could worsen chips shortage Quick mentions: CRM, COST, AMZN, DHR, DIS 1. We […]
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Novavax cuts 2022 revenue guidance in half, stock tanks in after-hours trading
In this photo illustration a silhouette of a man holding a medical syringe and a vial seen displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images Novavax deeply cut its full year revenue guidance Monday, with no new Covid vaccine sales expected for 2022 in the U.S. […]
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‘Stressed out’ STD clinics struggle to handle surge in monkeypox patients as U.S. outbreak grows
Dr. Emily Drwiega from the University of Illinois Health and Maggie Butler, a registered nurse, prepare monkeypox vaccines at the Test Positive Aware Network nonprofit clinic in Chicago, Illinois, July 25, 2022. Eric Cox | Reuters Dr. Ward Carpenter, co-director of health services at the Los Angeles LGBT Center, said the monkeypox outbreak across the […]
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Artificial intelligence drug hunters are nearing a pivotal stage in their development
Efforts to use artificial intelligence to discover drugs have been underway for about a decade but industry watchers are predicting an inflection point is nearing for investors, who have been looking for ways to determine how AI-first drug developers should be valued. AI and machine learning offer the potential to speed up the hunt for […]
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New York polio case is the ‘tip of the iceberg,’ hundreds of others could be infected, health official says
Hundreds of other people could have polio after an adult in a suburb of New York City caught the virus and suffered paralysis last month, the state’s top health official said this week. New York State Health Commissioner Mary Bassett warned that the confirmed polio case in an unvaccinated adult, coupled with the detection of […]
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