Health care industry
We’re using a pullback in one of our drug stocks to buy more shares
While mindful of a liability risk, we continue to believe this company’s exposure will be minimal, if anything. Source
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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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DOJ plans to retry Philip Esformes despite Trump commuting sentence of Florida nursing home owner
Philanthropist Philip Esformes attends the 15th annual Harold & Carole Pump Foundation gala at the Hyatt Regency Century Plaza on August 7, 2015 in Century City, California. Tiffany Rose | Getty Images A highly unusual move by the Justice Department to retry Florida nursing home owner Philip Esformes on health-care fraud criminal charges after then-President […]
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Polio detected in New York City sewage suggesting local circulation of virus, health officials say
NYC commissioner for health Dr Mary T. Bassett Andy Katz | Pacific Press | Lightrocket | Getty Images Polio has been detected in New York City, suggesting local circulation of the virus, health officials said on Friday. New York State Health Commissioner Dr. Mary Bassett called the findings alarming. Bassett said local and federal health […]
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Pharma stocks crater as investors brace for billions in heartburn drug litigation charges
Shares of GlaxoSmithKline, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug Zantac. This has been a known issue bumbling in the background for years but investor concern exploded this week in the lead-up to […]
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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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UK’s urgent polio vaccine rollout for children in London ‘a wake-up call’ as more virus traces found
Manjurul | Istock | Getty Images Britain is rolling out urgent polio vaccinations for all London-based children under 10 as a reemergence of the virus across the U.K., U.S. and Israel stoked fears of a wider outbreak. The immunization campaign is aimed at providing a “high level of protection from paralysis” and limiting further spread […]
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Facebook turned over chat messages between mother and daughter now charged over abortion
Facebook turned over the chats of a mother and daughter to Nebraska police after getting served with a warrant as part of an investigation into an illegal abortion, court documents show. The investigation, which was launched in April before the Supreme Court overturned Roe v. Wade, is one of the few known instances where Facebook has turned […]
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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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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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